Soccer Betting VS Online Casino Gambling – Which is better?
You are never going to go short of options when it comes to gambling, for with land based gambling venues, online betting and gambling sites and even mobile apps offering ever type of gambling opportunity, you can gamble anywhere and at any time of the day or night, often without even needing to leave your own home.
However, you do need to keep in mind that all gambling in whichever shape or form you gamble is going to come with a level of risk, and the savviest gamblers are those who understand risk and put into place a responsible gambling strategy too.
If you are a fairly new gambler and are sat there right now wondering whether you are going to have more chance of success betting on soccer or playing casino styled games, then I invite you to read on, for below I will give you an insight into both of those gambling environments, and help you make sense of them too.
Be aware though that you should only ever gamble with money that you can afford to lose, and it is important that all at times you set yourself some limits, and stick to those limits too, for you always need to keep a level head when gambling for sadly it can be way too easy to get carried away at times and if you do then you could lose a great deal of money in a very short space of time without setting some limits.
Betting on Sport
When it comes to betting on sporting events via sports betting sites, it really can and often does pay dividends if you can put in the time and effort needed to study form, as form does often play a part in things such as greyhound and horse racing and when betting on football or rugby matches for example.
It is worth noting too that the odds being offered to you by any bookmaker are going to give you some idea as to the most likely outcome of any sporting event, but it is also very important to note that all bookies are going to be offering their own set of odds.
As such value hunting is something that you will need to learn how to master as a sport bettor, and that means when you do spot a potentially profitable sports betting opportunity, you should spend as much time as you need trawling from betting site to betting site in search of the highest odds available.
Keep in mind too that many people on the hunt for the very highest odds on any sporting event they wish to bet on will make use of a betting exchange rather than a traditional bookmaker’s site.
A betting exchange by the way if you have never come across one before is a peer to peer betting site on which you bet among other punters rather than with a bookmaker, and as such the odds available do tend to be much higher, and you can of course take on the roll of a bookmaker at those sites, and offer your own set of odds on any sporting events.
Understanding House Edge and Payout Percentages
When betting on sports, each betting markets is going to have a built in profit margin for the bookie, that is known as the over-round, However bookies are only going to make a guaranteed profit on any betting market if they have a well-balanced book.
Casino games on the other hand all have their own built in house edge or a payout percentage, and those games will, over the long term make a profit for a casino, and as such over the long term gamblers playing any casino game or games are going to lose.
However, over the short term when playing casino game it is of course possible to win and win big too, but never lose track of the fact that the longer you playing any casino game the more chance you will have of losing.
As for the games that offer the bets paybacks to players, they are the games with the very lowest house edge such as Blackjack and Video Poker, and games such as slot machines for example can and will have their own respective payout percentage.
As such if you do enjoy playing slot machines then the slots you should always be making a beeline to play are the ones that have the very highest payout percentages, as for just how high the payout percentages can be, well some slot machines have been set to return 97%, 98% or even 99% of the stakes fed through them as winning payouts.
Casino Game Variance and Volatility
Keep in mind too that every single casino game will have its own level of volatility attached to it too. As such, some games found at casino sites, land-based casinos and even in land-based casinos are much riskier games to play than others.
Take for example slot machines, as you will no doubt already know, there are a huge number of different slot machines that you can play these days.
Some slot machines come with a low variance and when playing those types of slots they have been designed to payout a large number of lower valued winning payouts, meaning they are fairly low risk and if nothing else players do tend to get a lot of play time when playing low variance slots.
That is due to players being able or recycle their bankroll through those slots due to the many smaller valued winning payouts that do spin in and are paid out to them.
Medium variance slots are of course by their very name medium risk slots, however if you are tempted to play high variance slots, be aware they tend not to offer players lots of smaller valued winning payouts.
Instead players have a chance, albeit a small one of winning a huge amount of cash from any base game spin or bonus game or feature that is awarded to them, even when they are playing them for very low stake amounts.