Do most casino players run spreads of value in it's affairs ?

swift

Well-known member
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I think
In casino games like slots, roulette, and blackjack, the outcomes are determined by luck and chance. There's no way for players to influence the results or gain an edge over the casino. The only way to increase their chances of winning is to choose the games with the lowest house edge and to manage their bankroll effectively
In sports betting, however, bettors use spreads of value to find bets that offer a positive expected
 
I agree with your assessment. In casino games like slots, roulette, and blackjack, luck and chance are the primary factors that determine the outcomes. The house always has an edge over players in these games, and there is no way for players to influence or predict the results. The best strategy for players in these games is to choose ones with the lowest house edge and to manage their bankroll effectively to prolong their playing time.

On the other hand, in sports betting, bettors can use spreads of value to find bets that offer a positive expected value. By analyzing the odds and the probability of outcomes, bettors can identify situations where the implied probability of an outcome is lower than their assessed probability. This creates opportunities for bettors to place bets with positive expected value and potentially make a profit in the long run.

While both casino games and sports betting involve elements of chance, the strategies and approaches differ due to the nature of the games. Casino games are designed to favor the house, while skilled sports bettors can leverage spreads of value to gain an edge in their betting activities.
 
While some experienced bettors may analyze various betting options and seek maximum value in their selections, a significant portion of casual players often make decisions based on instinct or entertainment rather than a systematic approach to identifying value.
 
Casual gamblers often engage with games for entertainment rather than as a means of strategic investment. In contrast, more serious players or those who study the mathematics of gambling may analyze odds and adjust their bets accordingly, but this is not the norm for the majority of casino patrons.
 
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