Fantastic Online Gambling 48399289782912
Bookmakers and casinos give themselves an edge and 99% of folks fall into their "trap". How do this is accomplished and what should be avoided?
Let's look at the example of roulette in a casino.
On the surface, it looks OK. 36 numbers, choose one and acquire 35-1 in the event that you are correct right? Wrong. most of the people forget that there are actually actually 37 numbers including zero (or maybe 38 with a double zero on American roulette). This make a huge difference when it comes to payouts. So just using European roulette, let's crunch the numbers.
If you choose one number, the specific odds of getting that number correct is 1 in 37 or 36-1. So by offering 35-1, the casino has instantly stacked the odds ever so subtly in their favour. Just the reduction of 1 point gives the home an advantage of approximately 2.7%. Not only a lot you could think but over the course of Ł100,000 that's Ł2700 in favour of the quality online casino gambling. A small margin but a margin nonetheless.
So what about red/black or odd/even? Again, it will appear to be a 50/50 bet. But with the inclusion of zero, you truly have an 18 in 37 chance (48.65%). That favours the house by 1.35% which over the course of one day, could equate to thousands of pounds.
But this is nothing when compared with bookmakers.
As I've demonstrated, a "50/50" at a casino is in fact a 48.65/51.35 against you. At bookmakers, the margin is significantly greater. A seemingly 50/50 bet is generally priced up at 9/10 or 1.9 in decimal odds.
Consequently the bookmaker is giving themselves a huge 10% margin on these sort of bets, the most frequent of that are called "handicap bets". The handicap bets are set up in such a manner that you will find only two possible outcomes, rated as equally likely. But regardless of what your choice is, the bookie stands to keep 10% of the particular odds. Not fair, you may think. Well, they're not going to give you anything for free. They are within the business of making money after all.
So, just how can you counter these edges?
It's possible with bookmakers to use a system of "handicap doubles". I will explain this at another time. Otherwise, only good fortune will counter a bookie's edge and which is not something to depend on.