Many people see gambling as gambling, no matter what kind of bet is being made. It doesn't matter if it is placed at a blackjack table or an online sports book. But there is one glaringly obvious difference between the two.
In all casino games, the house has a mathematical advantage that guarantees it will profit no matter how well one lucky player may do. The odds are fixed, and they never change with the situation. For some games, like slot machines, they can be rigged to pay out more or less so the odds are never consistent, unless you consider they always against you.
Sports betting, on the other hand, has no set advantage that guarantees your loss. The odds makers really have no idea what they are doing. All they want is balanced betting so they choose a line that will shift the betting that way.
The big difference in sports betting is that you can find defined edges to bet. For instance, some point spreads have shown to provide an edge. An edge the house never gives up with any other bet. That is because you already pay them 10%. How many hands of blackjack would you play if you had to pay 10% of every hand to the dealer?
The point is that edges exist in sports betting that do not exist at the craps table. Because of that, the bettor who consistently bets those edges will gain a long term advantage over the house that can be exploited for a lot of money over time. The books don't care. There are more than enough losers to offset the few who can find the edges. They also take ten just for the privilege of doing business with them.
There is no way to offset the long term advantage the house has in any casino game. All casino betting systems are doomed to fail because nothing can compensate for the mathematical long term edge you give up for free betting.
Sports betting, while you have to pay to play, allows you to find long term edges and exploit them for your profit. And there are many true edges to be found if you know where to look.
Of course, there is no sure bet when it comes to sports or casino games. If there was, it would not be taken by the casino anyway. They don't get your money by being as stupid as they think you are.
Casino gambling is placing bets knowing you will lose money over time, even if you are consciously in denial of that fact. Sports betting is where a gambler goes if they want to give themselves an advantage and a fighting chance to win.
In all casino games, the house has a mathematical advantage that guarantees it will profit no matter how well one lucky player may do. The odds are fixed, and they never change with the situation. For some games, like slot machines, they can be rigged to pay out more or less so the odds are never consistent, unless you consider they always against you.
Sports betting, on the other hand, has no set advantage that guarantees your loss. The odds makers really have no idea what they are doing. All they want is balanced betting so they choose a line that will shift the betting that way.
The big difference in sports betting is that you can find defined edges to bet. For instance, some point spreads have shown to provide an edge. An edge the house never gives up with any other bet. That is because you already pay them 10%. How many hands of blackjack would you play if you had to pay 10% of every hand to the dealer?
The point is that edges exist in sports betting that do not exist at the craps table. Because of that, the bettor who consistently bets those edges will gain a long term advantage over the house that can be exploited for a lot of money over time. The books don't care. There are more than enough losers to offset the few who can find the edges. They also take ten just for the privilege of doing business with them.
There is no way to offset the long term advantage the house has in any casino game. All casino betting systems are doomed to fail because nothing can compensate for the mathematical long term edge you give up for free betting.
Sports betting, while you have to pay to play, allows you to find long term edges and exploit them for your profit. And there are many true edges to be found if you know where to look.
Of course, there is no sure bet when it comes to sports or casino games. If there was, it would not be taken by the casino anyway. They don't get your money by being as stupid as they think you are.
Casino gambling is placing bets knowing you will lose money over time, even if you are consciously in denial of that fact. Sports betting is where a gambler goes if they want to give themselves an advantage and a fighting chance to win.
