We’ve all heard it. Some lucky sports addict has found the perfect racehorse or the perfect team and is just dieing to put their money of it. Sometimes they win big, sometimes they lose big. What makes these people so sure their team or horse can win this particular sporting event? They take into account the relative skill of the players or jockey, the experience of the coaches, and many other factors in order to make a relatively good decision on which team to chose. However, the game does not always go according to plan. You see, the reality of it is that there are simply too many things to take into account to properly assess who will win the event. For example, if an athlete was gradually starting to develop a sickness or had a stressful time at home in recent days, he would not perform to his full potential, thus hurting the performance of his team. Those are the kinds of the things that can’t be seriously allowed for in choosing a winner in a sporting event.
Contrast this to the relative surety of the odds in poker. There will always be 4 of each card in the deck, regardless of the mood the dealer is in. This means that the chance of drawing any particular value will always be one in thirteen. Card gambling brings a much greater security in knowing the odds of winning or losing a bet (without worrying about the extra factors involved in sports gambling). One of the greatest examples of this is 5 card draw poker. If, for instance, you are dealt a pair and decide to throw away three cards and go for 3 or 4 of a kind, then you know that the odds of drawing at least one more matching card will be approximately 1 in 8. The odds do not change.
So, remember next time you think of betting on a sporting event: it’s impossible to know the odds, so bet conservatively.
Check out our Sports Books if you want to place a wager.