If you are a sports fan, then there is no better way of rejoicing the victory of your team than also winning a few dollars. If you are just a gambler, a lotto player, or even only a casual one for that matter, there is a lot of thrill and excitement in sports betting than that you get from the wheels and the cards. There are two major reasons why sports betting is easier to win and more lucrative than lotto (unless you hit the jackpot).
First, lotto and casino games are games of chance, any sport, on the other hand, is undoubtedly a game of skill. But when it comes to predicting the outcome, a sport stands on the borderline between a game of chance and a game of skill. What this means is that it is nearly impossible to predict a lotto number with any certainty while predicting the result of a sports game could be somewhat easier.
Second, the house edge, which is the percentage that a gaming agent collects from the players as a commission, which is also a standard gauge of how good a wagering game is, has a value in the neighborhood of 5%-20% for sports betting while it is typically more than 50% in the case of state owned lotteries; the value varies for different casino games, but it surely is way less than 50% in most cases. My article entitled “Casino, Sports-betting, and Lottery – A Comparison of the House Edge” just does that.
Although sports are the most common events for betting, nowadays you can place bets on pretty much any publicized event. The outcome of presidential and other elections, the verdict on famous trials, private lives of celebrities (such as marriage, divorce, child birth) are just a few of the events you can bet on.
It is true that most bets do no more than just double your wager while casino games and lotteries can bring returns that are hundreds and even thousands of times your wager. But, many sportsbooks offer a way of combining several bets as one in order to form what is known as a parlay. Theoretically, a parlay payout should be the product of the individual odds that make up the parlay. If, for example, you have five bets each with 1:2 odds and form a parlay, the payout should be 32 times the wager. We have to admit that it is certainly more difficult to win with parlays than with single bets. Nevertheless, the payout to a winning parlay could be so enormous that it is unwise to bypass parlay betting as unachievable venture. As a matter of fact, if the sportsbook offers the proper tools, then winning big money with parlays will not be as hard as it may seem to be.
There is a myriad of internet sportsbooks and online casino websites and hundreds are being added every year. Some are scams, others may not even survive the competition, a few manage to operate due mainly to their generous bonuses on initial deposits. More often than not, the bettor should be vigilant and not be allured by this ostensible kindness as it may belie a poorly designed betting system with just a few betting choices and limited options. Which, by the way, brings us to the most prominent questions of online betting: “How to choose a sportsbook (and casino)”
The choice of a good sportsbook would have been immensely facilitated if there existed an impartial organization that continuously monitors and evaluates the performance of each online sportsbook and internet casino based on comments and complaints received from customers. Unfortunately, there is no such organization and thus the customer has to make his or her own choice based on word of mouth and on information on the fundamentals of betting available on web sites such as ours. In fact, there is no a better judge than yourself to determine what suits you, therefore just sign in a number of sportsbooks and stick onto the one that is most appropriate for you. A word of caution: don’t be deluded by some websites that present themselves as independent watchdogs since their purpose is to extol and heavily promote those companies that pay them more. However, if these web sites list scammers and blacklisted sportsbooks, they are certainly useful since you will be able to identify the bad ones.
Also, there is that all important question of picking the winner or the handicap. This major part of betting is unfortunately a task the bettors have to overcome by themselves. Some wagered on Bush to win the 2000 presidential election (maybe they carefully paid attention to voting irregularities). Others said that Gore would win (maybe they didn’t know that there is a large number of Americans who can’t even punch a voting card). It just so happened that, as it should, some won the bets others lost. This is exactly what happens in any betting – you lose or you win; no one can tell an outcome with absolute certainty, but it could be possible to do so by using logic and a lot of information. If you seek the assistance of a pro in sports, there is a plethora of individuals under the title of ‘Sports Handicapping Services’ who sell sports picks. They claim to correctly predict 60%, 70%, or more of a set of games such as a weekend NFL games (pro football picks) or NCAA games (college football picks). They also
The bottom line is – learn and try sports betting.