Why online casinos can be more profitable than betting
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Are you a passionate fan of online gambling or thinking about getting fresh into the subject? Then you should first know what is actually meant by gambling.
In principle, the internet gambling sector can be divided into two broad categories: Casinos and Betting. What online casinos are is almost self-evident: On a website, various slots and games are offered that can also be found in a local casino.
As far as betting is concerned, we are usually talking about sports betting. The offline equivalent of internet betting is horse racing tracks, betting shops or sports grounds.
For example, you bet your stake on a certain team and hope for victory. In the meantime, you can easily place your bets with online sports betting providers on the German market.
Of course, there are various reasons to get involved in gambling – often you just want to have fun. However, when it comes to making the highest possible profit, online casinos are sometimes in the driver’s seat. Of course, this does not mean that betting cannot yield a return.
We explain in a compact and clear way what each type of gambling is all about and how you can take home the biggest winnings.
Gambling in online casinos
Casinos have always been very popular, but with the appearance of online casinos on the scene, the gaming industry is on a whole new level.
The principle is simple: you want to gamble? Then nowadays you no longer have to make your way to a gambling house, but can get to the nearest casino provider with a few clicks on your mobile phone or computer.
There you can usually choose from hundreds of different slots and games, which even the big offline casinos cannot compete with.
When it comes to illuminating the extent to which online casinos can be more profitable than betting, there is of course no getting around the consideration of the luck factor.
In fact, it does not always play quite as big a role in playing online casino games as one often assumes. The “luck” in “gambling” is not the only thing that counts when chasing the jackpot.
The truth is that how much luck you need to succeed can simply vary from game to game. On the one hand, there are games like roulette or the well-known classic slots.
Here, players have little or no opportunity to intervene in the game and influence the course of the game. This means that in the end it is relatively dependent on luck how successful you are at the end of the round.
Then again, most online casinos now also offer card games such as poker or blackjack. Here, too, luck and chance play a role, for example, when it comes to who gets which cards at the beginning of the game.
Compared to roulette or slots, however, players have far more influence here. Risks have to be weighed and decisions have to be made.
Do I raise my bet? Do I fold or call? What is the probability that my fellow players have better or worse cards than I do?
It can therefore be said that casino games are often, but not exclusively, about luck and chance. Players can therefore certainly influence how much profit or loss they ultimately have.
Gambling with bets
With betting, the whole thing looks a little different than with the online casino. You cannot intervene at all in the course of the game: you place your bet and then there is nothing left to do but wait.
Nevertheless, luck also plays an important role in betting, as you can never be one hundred percent sure which horse or which team will win in the end. But there are also aspects of online sports betting that you can influence yourself.
However, the entry level here is not as low as in online casino games. You don’t just have to learn the rules of the game and then make smart decisions, you have to bring a whole lot of knowledge with you.
It is absolutely advisable to pay attention to a few things before betting real money on a sports team, for example. One should be familiar with the sport and especially with the history of the team.
Against whom does it often lose, against whom are the chances of winning high? What are the team’s strengths and weaknesses?
All this information is very valuable when it comes to deciding which team to bet on. So without a little experience, it is not advisable to risk high stakes when it comes to betting.
Online casinos vs. betting – the comparison
Now that we have gained a first impression of both the operations in online casinos and betting, we can turn to the main question: What are the similarities and differences between these two gambling options and which one ultimately proves to be more profitable?
House benefits
House advantage refers to the fact that a casino always has a mathematical advantage over the person who is currently playing. This is no different with online casinos than with on-site gaming arcades.
One can roughly say that this house advantage is on average between 1 % and 15 %. A house advantage of 5 %, for example, would mean that the house, i.e. the casino, has a 5 % higher chance of winning in a game compared to the player.
This may sound unfair at first, but it is really not that dramatic. Millions of spins are included in this calculation, and this does not at all mean that the casino always wins. If that were the case, you wouldn’t even need to bother playing.
Nevertheless, this point is worth mentioning, because there is no such house advantage in betting. However, there are so-called betting odds, which can be regarded in a certain way as the equivalent of the house advantage in online casinos.
The corresponding betting odds are usually calculated by the analysts of the betting provider. They state how likely it is that certain outcomes will be achieved, for example, how likely it is that a certain team will win.
If you bet on low odds, the chances of winning are lower, but the profit, should there be a victory against the odds, is all the higher. It works the same way the other way round.
Now, however, an important fact comes into play: the analysts calculate the betting odds not only on the basis of the actual facts and probabilities.
What also flows into the calculation is the so-called margin, because the betting provider does not earn the same amount of money on every bet. This is therefore also an external factor over which the player has no influence.
Such external influences as the house advantage and betting odds can have an impact on the player’s profit, so one should always keep these aspects in mind.
How important is the right strategy?
You should never play blindly, regardless of whether you gamble in an online casino or participate in sports betting. One thing is clear, however: betting requires on average more strategic knowledge than online casino games, in addition to the knowledge you should already have.
Depending on the betting odds, it can sometimes be more promising to bet on a team whose odds are lower, but not too low, in order to really cash in if you are lucky.
As already mentioned, it is always very different for games in the internet casino how much strategic thinking you should bring along as a player.
Complex games such as blackjack or poker require some skill, but this can hardly be compared to the comprehensive knowledge that one should have for sports betting.
Bonuses and extra features
Gambling providers are always keen to keep us players happy. For this purpose, both online casinos and betting providers regularly offer promotions and bonus offers.
However, there is one crucial difference: the bonuses offered by online casinos are far more varied and are usually higher than comparable features offered by betting providers.
Let’s take a look at their variety first. In addition to cashback campaigns and VIP programmes, free spins or credit bonuses are often offered, such as the new casino no deposit bonus.
With such a bonus, you can play at a casino and win real money without having to dip into your own pocket. At https://www.staycasino.bet/en-AU/ you can find out everything you need to know about this bonus, which by the way is not just for new customers.
Bonuses and extra features are definitely something that directly influence the player’s profit. This is not only true for real money bonuses such as free credits, but also for free spins – after all, these are game rounds where you don’t have to fear any loss, but can still collect winnings.
For this reason, it is definitely worth noting that the bonuses offered by online casinos are usually far more generous than those offered by betting providers.
Which type of gambling is more profitable?
So what brings more profit – online casinos or betting providers? There is no general answer to this question, as there are always individual factors that play a role.
Every player has his or her own strengths that can bring him or her advantages in certain games of chance. Nevertheless, one can conclude that internet casinos can be more profitable than betting.
As far as house advantages and betting odds are concerned, neither online casinos nor betting providers are in the lead. It all depends on the specific company: There are casinos that tend to have a high house edge and casinos that tend to have a low house edge.
Exactly, the analysts of the betting providers can influence the odds in one direction or the other. Here it is important to inform oneself in the best possible way for both types of gambling.
The situation is somewhat different when it comes to strategy. Here, both types of gambling have their clear advantages and disadvantages.
It can be seen as positive that betting providers are more complex than online casinos. After all, this means that you can improve yourself through your own work and performance improvement and thus increase your chances of winning.
On the other hand, this makes it much more difficult to enter the betting industry than with internet casinos, and the variety is very small.
Those who are not familiar with the respective sport should rather not take a risk with a betting provider. However, it is easy to get started with internet casinos: Newcomers can start with simple games such as roller slots.
Those who want to have more influence on the course of the game can venture into table games such as poker or blackjack.
Here, too, the rules are easy to learn and understand – you don’t have to deal with the whole history of a sports team to have a chance of winning.
When it comes to bonuses and extras, online casinos are definitely ahead. Casino providers simply have more offers up their sleeves and give away generous bonuses to their players than betting providers.
Summarising these results, one comes to the conclusion that online casinos can be more profitable than betting providers under certain circumstances.
Of course, this doesn’t mean that you can’t win big when betting. Ultimately, it also depends on what you are looking for and what kind of gambling you are in the mood for. However, if you are looking for gaming fun, we recommend that you first try out the internet casino world.
Conclusion
Finally, one thing needs to be said: It is just as important to find trustworthy websites for betting providers as it is for online casinos.
Both fall into the gambling sector, which is why it is enormously relevant that the respective provider has the corresponding valid licences.
When choosing between internet casino and sports betting, you can now decide for yourself which of the points discussed here is most important to you.
You just want to have entertaining fun without having to put in a lot of effort? Then try a classic reel slot. Do you like to get your head spinning a bit, but still don’t want to miss out on the gaming experience? Then we suggest you try online poker.
That’s not really your thing and you’ve been wanting to learn something about sports for a while anyway? Then head for the nearest betting provider!
The fact is that the gambling industry has something for everyone – whether you are a passionate gambler or a loyal guest at the online betting shop.
