Developing Skills for Casino Games and Sports Betting
Mon, Mar 11, 2024
by
CapperTek
Beyond Betting: How to Develop Your Skills for Success in Sports and Casino
Betting is just fun for some players, and serious business for others. For example, those who play roulette games online can spend all their money on “red 7” or divide their bankroll into equal parts and use it only on even money bets. How you try your luck is up to you, but if you want to achieve success you must have certain skills and expertise. Here, we will talk about how you can improve yourself in both casino games and sports betting.
Find Out What Your Real Chances of Winning Are
Not relying solely on luck is the first rule of playing games of chance. Let's take roulette as an example once again and imagine you are playing a European variant using real money roulette apps. Before you place your chips on the table, you need to know what chance of winning each outcome offers – you can't just bet on a number you "feel".
This is not difficult to learn: the European variant of roulette has 37 numbers, and by dividing the total of numbers covered by your bet by that, you can see what your chances of winning are. For example:
● Straight bet: Covers 1 number, i.e. 1/37 = 2.70%
● Even Money bets: They cover 18 numbers, i.e. 18/37 = 48.64%
You can calculate your chances of winning in all situations where you know in advance what the total number of outcomes is. So, you can also do this for games like blackjack, poker, and baccarat, but since these are mostly games played with 8 decks, your job will be a little more difficult. Sports bettors, on the other hand, have no way of making a clear calculation: they have to rely on research.
Do Your Research
Good bettors never just take their chances: they have reason to believe that their bet will win. This reason, whatever it is for other bettors, should be “research results” for you. That is, you must conduct enough research and repeat this regularly to make a consistent prediction that a particular outcome will occur.
● Are you betting on horse racing? Research the past record of your chosen horse on different types of tracks.
● Are you going to try your luck for football? Check out your favourite team's home/away statistics.
● Are you betting on basketball? Research the performance of your chosen team in the first half and the last half and try to see if there is a pattern.
These are simple examples, of course, but you get the idea: simply trying your luck without prior research will only result in you losing quickly. Doing your research does not guarantee that you will win (you can never completely eliminate the luck factor), but it does give you the opportunity to make a more accurate prediction than ever before.
Learn What House Edge Is and Understand Why You'll Never Beat It
House edge, in its simplest terms, is the profit the gambling operator makes from your bets. For example, let's say you bet 100 units on a game with a house edge of 5%: this means that the operator will make a profit of 5 units on your investment in the long run, meaning you can only win back 95 units. Both casino games and sports bets have a house edge, but the amount varies depending on the game/bet type. For a player, this edge should be as low as possible.
But no matter how low it is, it never disappears completely. This means that if you keep playing, eventually the house will win. Sure, you may earn more than you invested in the short term, but gambling operators know that as soon as you do this, you will not stop playing. On the contrary, you will continue playing thinking that your luck has changed, and for the same reason, you will lose the profit you made.
Therefore, the real secret to success in sports betting and casino games is to stop as soon as you make a profit – if you continue, you will fall victim to the house edge: the math always works against you in the long run.
