Innovators and investors have put a lot of time and money in ensuring that there are countless ways you can enjoy gambling. If you like playing with odds and wagering your money, there are many ways you can get the thrill you seek. In this post, we compare two of the most popular: sports betting and online casino gambling. Which one has more to offer? Let’s find out.
What is sports betting? Simply put, sports betting involves wagering on the result of a national amateur or professional sporting event. The betting is not limited to the outcome of a given match and you can bet on several events, including the half-time score, total number of scored points, etc.
Casino betting, on the other hand, involves wagering on the result of a given game where the outcome is unknown before the bet. Depending on your preferences, you can play casino games online through dedicated websites like Betway casino or in person. There are many casino games you can play, including craps, baccarat, roulette, poker, slots, and blackjack.
Sports Betting Vs. Casino
- Mathematical Edge
The house edge is the mathematical advantage a casino has over a wagering player. Casinos need to win more games than their players to ensure they turn a profit and remain in business. On the other hand, online sportsbooks make money by retaining a percentage of the wagering proceeds – called a vig – from the losing side of a bet. This difference means that you need luck to win in a casino game. But, you can leverage your knowledge of a given sport and make enough wagers to beat the vig to get close to a sizable profit in online sports betting.
- Value for Money
Assuming you have $200 to play with and wish to draw out your experience as much as possible. This amount will not last very long in a casino because most casinos impose a sizable minimum table bet in a bid to protect their edge. Assuming again you have average luck distribution, your $200 could last you several hours. In contrast, a sports bettor betting $10 per 90-minute game could use the same amount of money for over 20 hours.
How much you enjoy either betting format will depend on your personal preferences. That said, casino gamblers are more likely to enjoy their experience than sports betters. Why? Casino games are very fast and action packed – you are always playing a hand and winning or losing money at any time. However, once you wager on a sport, there is nothing left to do but sit and wait for the outcome.
- Betting Options
In both gambling formats, there are countless options for betting. Online sports bettors can wager on boxing matches, football, basketball, cricket, tennis, darts, and so forth. Similarly, casino enthusiasts can play on online slots machines of table games like poker, craps, and roulette.
Whether you enjoy online sports betting or playing casino games will ultimately depend on what you wish to get out of gambling. If you prefer to be away from the sports action and enjoy the risk and thrill of casino games, you cannot go wrong with Betway casino. If, on the other hand, you like to analyze matches and player statistics before wagering your money, online sports betting is for you.