Online Sports Betting vs Blackjack – What Are the Odds?
Jun 22, 2010
Online blackjack games and internet sports betting are two very different beasts. While both are considered gambling, each activity attracts a different crowd, and the rules of engagement are very different. Both forms of gambling have the potential to pay out big, but is one more profitable than the other?
Blackjack, no matter what the press says, is a game of skill. It pits the player against the dealer in a battle of wits. There is, of course, an element of luck involved since cards are dealt at random, but good online blackjack players follow strict rules about how to bet on each hand they receive, thereby minimizing their losses and increasing their odds of winning.
Betting on sports is very different. This form of gambling is also a mix of chance and skill. The chance factor is due to the fact that punters cannot know ahead of time what team will win, or what player will make the first goal. But many sports wagers depend on a strong knowledge of the teams and players involved, including an understanding of the team’s strengths, weaknesses, and recent playing history.
To assess which pays out better – blackjack or sports betting – it is important to understand how each one pays out. Blackjack bets pay at fixed odds, usually 3:2 for a natural blackjack, and 1:1 for a straight win. This means that online blackjack games pay out relatively small amounts that accumulate over time.
Online sports betting odds, however, are not fixed. These change from bookmaker to bookmaker, and depend on the likelihood of the selected outcome. If a team will very probably win, the odds will be close to 1:1, so even a large bet won’t pay out much. If a team will probably lose, however, the odds can be very different, and a winning bet can pay out huge.
At the end of the day, there is no clear winner in the battle between online blackjack and internet sports betting. Both forms of gambling are capable of producing very large wins when played right, but each can also lead to losses when the tables turn. Try them both to see which form of gambling is right for you!
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