Good Online Casino Casino Guide 85632644446836

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 obtain 35-1 if you are correct right? Wrong. most of the people forget that you'll find actually 37 numbers including zero (or perhaps 38 with a double zero on American roulette). This make a significant difference on the subject of payouts. So just using European roulette, official Cecolombobritanico Edu blog let's crunch the numbers.

If you choose one number, the actual 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 house an advantage of around 2.7%. Not really a lot you could think but over the course of Ł100,000 that's Ł2700 in favour of the casino. A small margin but a margin nonetheless.

So what about red/black or odd/even? Again, it would appear to be a 50/50 bet. But with the inclusion of zero, you really have an 18 in 37 chance (48.65%). That favours the house by 1.35% which over the course of one day, could equal to thousands of pounds.

But this is nothing compared to bookmakers.

As I have demonstrated, a "50/50" at a casino is really a 48.65/51.35 against you. At bookmakers, the margin is significantly greater. A seemingly 50/50 bet will be priced up at 9/10 or 1.9 in decimal odds.

This means the bookmaker is giving themselves an enormous 10% margin on these kind of bets, the most common of that are called "handicap bets". The handicap bets are setup in such a way that you can find only two possible outcomes, rated as equally likely. But no matter what your decision is, the bookie stands to keep 10% of the specific odds. Not fair, you may think. Well, they are not going to give you anything for free. They may be within the business of making money after all.

Now how can you counter these edges?

It really is possible with bookmakers to work with a system of "handicap doubles". I will explain this at another time. Otherwise, only good fortune will counter a bookie's edge and that is not something to count on.