If you are an adrenaline junkie who likes to take risks, you probably love gambling. The thrill of the unknown and potential for rewards are exciting and the reason that many people gamble.
Now that gambling is accessible online in many states around America, it has become an even more popular pastime. This became apparent during lockdowns triggered by COVID-19 that resulted in stay-at-home orders.
When it comes to gambling, players have two choices: casino betting and sports betting. What is the difference?
Think about movies you have seen set in brick-and-mortar casinos, and images of slots machines, blackjack tables, poker games, and roulette wheels come to mind. These are casino games on which players place bets.
Although some strategic thinking can improve your chances of winning in games like blackjack, poker, and baccarat, these are games of chance. As a rule, the house has an advantage over players, meaning that they have a greater chance of losing than winning.
Nevertheless, regulations insist that casino games are conducted fairly, and state governing authorities follow strict guidelines to monitor and enforce this.
A sports bettor places a wager on outcomes of a match, game, or race. From the number of bets placed, odds are calculated. Players win when their wager aligns with the results.
For example, if you bet on a horse to win a race and your horse comes second, you lose the bet and the money you spent on it. If it finishes first, you win back your initial bet and a share of the money unsuccessful bettors spent.
Which one is better?
Sports betting experts like Geoff Kulesa of Wunderdog.com argue that sports betting is more lucrative because a seasoned bettor makes informed choices when betting. Casino games, they say, are more random and less likely to yield favorable results.
However, there is no right or wrong answer about which option is better, as it comes down to a matter of preference. Some people prefer casino gambling, while others elect to bet on sports. Many gamblers like both.
Difference one – research
As stated above, being able to calculate probabilities accurately is what distinguishes casino betting from sports betting. Based on teams’ and players’ history and past performances, bettors have a greater chance of predicting the outcome successfully than someone playing a casino game.
People who bet on sports instinctively often have less luck than those who view it through a scientific lens more than an emotional one.
Difference two – calculation of odds
It is easier to calculate a potential payout of a sports bet than a casino game bet. This is because the odds are calculated and easy to access when you bet on sports. These calculations are prepared by sports betting operators.
When playing casino games, players must calculate the odds of winning themselves, which is just about impossible given how quickly rounds of games are played. For this reason, many sports betting enthusiasts say your chances of winning a sports bet are higher than a casino bet.
Difference three – emotion vs. logic
Casino games provide an adrenaline rush because players do not have an accurate picture of the odds and potential payout if they win. People get caught up in the excitement of a winning moment.
Sports betting is more logic-based, and experts believe that the more you leave emotion out and apply logic, the more likely you are to win substantial sums of money. To them, it is more of a science than an art because there is access to so much data before placing a bet.