Tag Archive: Expected Value

Whenever you come across a new online casino, one of the first things that jumps out is the generous welcome bonus offer that's available for all new customers. But, even though it might look very tasty, we recommend that you hold off simply grabbing the first bonus that comes along. The reason is that all bonuses come with any number of conditions. Furthermore, you need to understand whether the bonus represents good value for money. To this end, you need to calculate its Expected Value.

All gambling, whether at the casino or sportsbook, is very much dependent on luck as opposed to skill. Because sportsbooks are a for-profit business, then it's virtually assured that the vast majority of sports bettors will lose over and over again. Of course, it's true many gamblers don't mind a flutter once in a while for a little fun. But other players will lose consistently. And more often than not, this is down to bad advice or believing in foolish and totally untrue gambling myths.

Sports tipsters have been around forever. But it's thanks to the internet we can see a huge rise in the number of professional sports bettors who have turned to the dark side and are now offering winning tips for a fee. They say there's a sucker born every minute. This is so true of those who pay sports tipsters. They cannot predict the future any more than you can. But by clever use of smoke and mirrors, they are able to sign-up a massive number of mainly young people.

It's not the fault of slot players that the vast majority of them exhaust their bankroll within a couple of hours of playing. After all, the machines are carefully designed to ensure that the player can do little to stop themselves from continuously putting in coins by utilizing psychological and practical tricks. But what if we said that you could stretch out your bankroll so that as little as $100 could last a while's day gambling at the casino's slot machines? It's all about self-control.

Before the age of the internet, all information could be found in books. But the desire to really read and understand has now taken a backseat to media platforms like YouTube. Many players might watch a tutorial video on certain casino-playing strategies. But it's the nature of the internet that means there may be little real understanding of what's being read, simply because players tend to skim. We think that casino gambling books are the best way to learn about all aspects of gambling.