Here we are going to make a comparison of some of the major  types of gambling and  what advantages/disadvantages they have as opposed to each other.

We are going to scrutinize to a certain extend the following 3 types of gambling, which we believe are amongst the most widely spread and popular types of gambliing: Casino, Lotto and Sports-betting.

Let’s first start with the Lotto- something that anybody of legal age can do, without the necessity of any type of specific knowledge on the matter. So anyone should  not have a reason to prefer one set of  numbers over another, as which numbers will be drawn has nothing to do with any type of analysis. Here the most important aspect, from which all the gambling options above will be compared upon is actually the house edge, thus the general profitability of either one of them being more   profitable than the others In this row of thoughts we can confidently consider the Lotteries as “the house edge champions”, as at certain types of lotteries the house edge can go even over 50%. You can well presume, just by knowing this that the chances of winning at the lotteries are extremely slim, as they really are.  Some are trying to make predictions about the possible combination of numbers, being more likely to occur than others, by  following the drawn numbers X  times before, and insisting on the theory, that if certain numbers haven’t been drawn for a long period of time, they are due to be drawn very soon. Now relying on the premises of the probability theory this make sound logical, but in fact any of the proposed combinations have an absolutely even chance of occurring the next time, thus making the prediction completely impossible. It is a game of luck, luck only, period, full stop. Why so many people are then playing Lotto?- you may say. Well, the obvious reasons are that just everybody can do this. It doesn’t require knowledge, expertise or experience of any type, so this is really the easiest method of gambling some money.  Another reason might be the fact that this is one of the oldest ways of gambling, and it is just a feature of the people’s physiology, when you get used to something to be difficult just to leave it aside .

Now let’s  look at the characteristics  of gambling at a casino. The house edge here, almost quite high for certain casino games, is still significantly lower that the Lotto. Here we should point out that different casino games have different house edge, thus making it more reasonable to  play those with the lowest house edge. In fact there are number of casino games, where the house edge is so small, that with the right staking you can get an edge over the casino. This fact make them extremely popular amongst the casino players.  The obvious “low house edge champion” is the most popular casino game- the Blackjack. There are many types of Blackjack games, being offered by the casinos we play at, and logically each one of them having slightly different house edge than the others. But if  we look at the Classic type of Blackjack for the sake of this comparison, playing according to the Perfect Blackjack Strategy/ it is a way of playing, mathematically proven to be your best option for you in the long term. In this type of game you know exactly what to do, when faced with any pair of dealer’s cards, such as from statistical, mathematical and probability point of you your chances of  beating the dealer are the  highest ones. If you are interested you can find The Perfect Blackjack Strategy all over the Internet/, could bring the Casino`s edge under 1%, which is actually the most advantageous house edge which you can possibly obtain in any type of gambling overall. Another casino games with a very small house edge small are Craps and Baccarat, which are also amongst  the most popular casino games.

So the smart gambler, playing a game with a very low house edge, and who is applying a sound and profitable staking plan CAN actually beat the Casino. Yes, we do believe the Casino can be beaten not only in the short term, but in the long term also. We have dedicated the staking plans a separate up to the point article, so we are not going to discuss them here again, but the combination of a game with a small house edge, good staking plan, and the ability of knowing when to stop could really make you beat the Casino  on a constant basis, day in and a day out. Knowing when to stop is a very important thing, which could make the difference between losing and winning overall. Just before you start playing set your stop loss/the amount of money which should you lose you will stop/, your profit target/ the amount of money when being won – you stop/, and once one of these two numbers gets hit just walk away from the casino. There is always another day.

And now let’s have a look at our overall favorite- The Sports-betting. As you already should know that the bookmakers edge varies from bookmaker to bookmaker, and from sports to sports. As with the example of flipping a coin, and obtaining 1.91   as odds from the bookmaker, no mater if it lands “heads” or “tails”, and on this basis we can presume that the bookmaker’s edge is around 9%, which is actually not along way out of the real deal. Before we start delving into the eventual profitability of Sports-betting any deeper whatsoever, there is one, absolutely BIG difference conceptually between winning at the Lotto, or at the Casino, and winning while betting with a Bookmaker.

Both the Lotto and the Casino are purely a game of luck, luck, and luck only. Even with the Casino, no matter how good you refine your overall strategy and even no matter how profitable you are, still the eventual possibility of the ball in Roulette, landing on number 2 for the sake of this example, still there is no expertise to be  done here, it purely depends on luck and chance. In Sports-betting though except from luck your winning depends on certain specialized knowledge, that you apply in making your selections. In other words- the Lotto and the Casino games are both games of luck only, when the Sports-betting includes knowledge, apart from the chance. This is actually the basic premise and the reason why we classify Sports-betting as your overall   best option for gambling, thus making it the most profitable one as well. There is even another dimension of the pleasure you obtain when you win at the different gambling premises. Of course you enjoy a lot when you know you have beat the dealer because he drew 10, but in another, more satisfying we should even say way, you enjoy, when your prediction has proved to be right and you win the bet with the Bookmaker- this way the added pleasure comes from the feeling of  your time, knowledge and expertise, being rewarded by helping  you make the right prediction. So even the house edge of some sports is higher than the house edge of Roulette for example/which is 5.4% for the American and 2.7% for the European Roulette/, you will find the occurrence of 10  consecutives reds is very, very rare, while being right with your Sports-betting predictions 10 times in a row is  possible to get achieved a lot more frequently, if you are experienced, knowledgeable and prudent Sports bettor. This presence of the skill factor is what makes us believe that Sports-betting is actually the most profitable option for a gambler. As already being said some sports in general have bigger bookmaker’s edge than the others. Like horse racing for example- there you can find the edge’s being  even greater than 15%. Football is another sport, where you very often find bookmaker’s “juice” being more than 10%, although every now and then you get to find juices as low as 5%, which is good. If you have been with up to this point and have tried to learn from what you read diligently, you already know the answer of this football’s and  horse racing’s pitfall-and that is signing up with as many bookmakers as you possibly can, so you can go for some odds-shopping before you get down to really betting. Shopping around for the best odds, 1X2 type in a football match, can actually get you  to find juices as low as less than 2%, which can bring a lot of value to   your betting. It’s the same with horse racing, so now you can see really and truly the advantages of shopping around.

It wouldn’t be complete if we don’t mention that there are some types of sports, you generally find very low juices for. These are mainly the American sports, when betting with an American-oriented bookmaker. American football, NBA an college basketball, baseball- all these are sports that are generally offered odds about at a very low juice and in this, case shopping around can take you up to a point, where there is no juice whatsoever, so you can rest assured and bet with the knowledge, you are getting some true value for your hard-earned cash.

So this is what we think about doing some gamble under different conditions. You already know what are firm belief so no matter what you choose to gamble with your money on- Good Luck!!!