Internet Casino and Sports Betting - What is the Difference?
Placing bets on internet casinos and sports books is a multi billion dollar business. As a result, the betting system scam business is flourishing. There are systems available for almost every casino game from roulette to craps to blackjack. They promise to do the impossible, which is eliminate the mathematical edge the house has over you.
And there are many sports betting systems available as well. One idiot promises you will win 97% of your bets. Then when you get it he shows you a progressive betting system that could lose 18 units for every bet you lose. And 97% is not 100%. Losses do occur and they can come in bunches wiping you out.
The one common factor in all betting systems is that they do not work. They are sold on benefits they cannot provide. Gambling is a risk. It doesn't matter what you are betting on. A sporting event or a roll of the dice.
That being said, there is one important difference between internet casino betting and sports betting. In casino games the odds are fixed in favor of the house. There is nothing you can do about it. In sports betting, the odds are not fixed against you.
With minimal skill you can shift the long term advantages in your favor. Because of the vig, you need to win 52.4% or so to break even. Even a novice can find a 55% edge given the right tools and an understanding of what they are really trying to do. Predicting the outcome of something.
Betting in a fixed odds game at an internet casino is totally different than placing a bet at an online sports book. Those who do not understand the difference can go back to the slot machine or roulette wheel. Those who understand can make themselves a few extra dollars if they take the time to learn how to find the edges that will pay.
Placing bets on internet casinos and sports books is a multi billion dollar business. As a result, the betting system scam business is flourishing. There are systems available for almost every casino game from roulette to craps to blackjack. They promise to do the impossible, which is eliminate the mathematical edge the house has over you.
And there are many sports betting systems available as well. One idiot promises you will win 97% of your bets. Then when you get it he shows you a progressive betting system that could lose 18 units for every bet you lose. And 97% is not 100%. Losses do occur and they can come in bunches wiping you out.
The one common factor in all betting systems is that they do not work. They are sold on benefits they cannot provide. Gambling is a risk. It doesn't matter what you are betting on. A sporting event or a roll of the dice.
That being said, there is one important difference between internet casino betting and sports betting. In casino games the odds are fixed in favor of the house. There is nothing you can do about it. In sports betting, the odds are not fixed against you.
With minimal skill you can shift the long term advantages in your favor. Because of the vig, you need to win 52.4% or so to break even. Even a novice can find a 55% edge given the right tools and an understanding of what they are really trying to do. Predicting the outcome of something.
Betting in a fixed odds game at an internet casino is totally different than placing a bet at an online sports book. Those who do not understand the difference can go back to the slot machine or roulette wheel. Those who understand can make themselves a few extra dollars if they take the time to learn how to find the edges that will pay.
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