Finding the common ground between sports betting and casino games
Two of the most prominent pillars supporting the world of gambling are sports betting and casino games. Both of them have, in unique ways, fueled the industry for centuries—a phenomenon that won't be slowing down anytime soon. But how exactly do these pillars stand in relation to each other? Is there overlap between sports betting and online casino games?
The answer to that question naturally holds a great deal of importance for gambling service providers and promoters, who benefit from increased interest in their industry, but also for gamblers themselves. A bettor who is drawn to the gambling pastime by slots might never think to extend that intrigue to sports, even though he or she would probably end up loving it for many of the same reasons as the slots (and no, not just because they're spelled almost identically). Let's take a look at why that is, and why the rationale applies to pretty much all comparisons between sports betting and casino games.
It's all about bringing down the house
Whether you're going all in on a blackjack hand or betting big on the Green Bay Packers, your opponent is always the house (the casino/gambling service). Even though the force that people root against in a sports bet is the opposing team, the house is still the entity that bettors are actually trying to best.
Not only are gamblers trying to overcome the house, they're trying to do so from a point of disadvantage. In both sports betting and casino games, the house has transparently tilted the odds in its own favour. Casino games do this naturally because of their inherent structure—no bet in roulette has better odds than those of the house, blackjack players are disadvantaged by having to play before the dealer, etc.—but sports bets are tailored on a case by case basis in order to best serve the house. Spreads and payout margins are meticulously adjusted so that even when a lot of people bet correctly against the house, the consequences it faces are minimal, and bailed out by the successes it is having with other bets.
When bettors adopt a 'bringing down the house' mentality, it frames sports betting and casino games as two sides of the same coin. The end goal is the same, but the paths that gamblers take to get there require different strategies to navigate. Speaking of which...
Bettors get to develop their own thresholds and strategies
What do going for a flush with four common suited—but low—cards off of the flop, and making an in-game bet against a struggling Golden State Warriors team have in common?
For starters, they both allow for a high likelihood of getting burned (the odds are against that common suit showing up again, just as they are for the Warriors struggling for an entire game). But beyond the situation-specific risks, they both represent a type of bet that requires a certain level of comfort on the part of the bettor. Some people are happy to chase that semi-elusive flush when they've seen enough signs on the table indicating it could happen, just as some would be eager to bet on a Warriors team down by 10 or more entering the fourth quarter. Others would back off of those bets entirely.
Part of the appeal of both sports betting and casino games is that bettors get to write their own 'code.' They can assess the risks involved and set thresholds for themselves. They can strategize and identify opportunities to wager a bit more when the time seems right to strike. Though different types of knowledge are required to make educated bets in the sports and casino spheres, the underlying process of applying it is the same.
Even the losers get lucky sometimes
First, shout out to the late, great Tom Petty for giving us the immortal line, "Even loooosers get lucky sometimes." Just one of his many gems.
It also serves as a sort of proverb for the gambling world. At the end of the day, gambling is a pastime that allows for all kinds of wacky results to occur. No matter how much preparation bettors do, or how much research they put in, there are times where they're simply going to get burned. The Maple Leafs can typically play like world beaters at home, coming off of rest, but can still get upset there once in a while by a lowly opponent. The turn and the river can validate a foolish poker player with the unlikeliest of great hands.
That's just the nature of gambling. It's not always about merit. Nobody will give bettors an 'A' for the thought they've put in ahead of time. All that matters is what happens in that moment. Which is why a total novice can show up to a casino and bet recklessly or make an ill-advised sports bet and still walk away a champion. How's that for overlap?
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