If you had two possible bets which would you choose: Roulette or Horse Racing? You may consider based on your enjoyment. However, you should be thinking one is fixed odds while the other is skill based. The reason this is important is that fixed odds are impossible to win money over time. For example, however you bet on roulette you will never be able to change the odds being slightly against you. It doesn’t mean you cannot win if you are lucky. However, the longer you play the more money you will lose. It doesn’t matter which system you use you cannot change those odds. You may have an approach which seemingly delays the inevitable like the Martingale System but you simply cannot change a loser into a winner. Whereas skill based betting is actually based on your knowledge and ability. That’s why a Grand Master chess player is going to beat you easily. Take a look at these 5 bets based on skill and their pros and cons.
1) Horse racing
Thoroughbred horse racing gives punters a fair crack of the whip to make their betting pay. However, you will need to have a niche (you can’t know everything and don’t need to) and work in a professional manner. If you are betting for fun or the buzz you may as well give up because the chance of you winning money from a layer is zero. As with all knowledge you need to be better than most. If you are not an expert in your field you can guarantee someone else will be and they will use that knowledge against you.
2) Blackjack
By all accounts blackjack is fixed odds and the casino know for a fact if you bet level stake you will lose over time. You simply cannot beat the bank. There is one exception and that is card counting which can be done quite easily so you know you have the cards on your side. This technique was employed in the early days of casinos with individuals plying their trade unknown to those losing money. However, those days are gone and card counting is something all casinos look out for and they don’t take kindly to people winning money via this skill. In fact, they will ask you to play level stake or leave. Most casinos know you are card counting because you will bet small and then very large stakes. This is a giveaway. Some card counting teams work together which makes it more difficult to spot but it is very hard to disguise.
3) Greyhound racing
Another sport that is based on skill. I don’t have any particular knowledge of this subject matter but people have made vast sums of money using systems and basic skills in assessing form.
4) Weather It Will Snow
That’s right some people bet on the weather. You may have heard of punters betting on whether it will snow on Christmas day or not but most bookmakers will lay odds on certain eventualities. If you know when a rainbow will appear over the Statue Of Liberty, you may have found your pot of gold.
5) Football
Another giant betting market that punters enjoy. If you know all about your team then you may have the odds in your favour.
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