The Analyst: Mobile Apps Changing Game For Bettors’ HabitsBy The Analyst | Published: October 5, 2018 at 3:30 pm
Profits in any casino game comes from the volume of activity in the category of the wager. Sounds profound, but the principle is simple. Let’s say one person makes one bet of $100,000 on a casino game that has a 5 percent casino advantage.
With one bet, the bettor either wins or loses $100,000 conversely the casino either wins or loses $100,000. However, if 2,000 people each make a $5 wager on the same casino game for total wagers of $100,000 the likely result is that the casino will win a net of $5,000, which is the casino game’s advantage of 5 percent.
The 5 percent game advantage against the volume of 2,000 $5 bets allows that math of the game to work and provides the casino an expectation of the win that allows the casino to operate. With most casino games the casino win comes from multiple similar bets repeatedly made.
In slots and video poker games some serious players can play several hundred games in an hour. In blackjack, a fast player can play between 90 and 120 hands an hour,. But in the sports book, the number of bets a gambler can make tends to be limited to their bankroll and how many games are available to bet and often is in the form of three or four bets for a three to four-hour period. Add the challenge of standing in line to make a bet the process itself slows the betting opportunities for the gambler.
Online and mobile gaming, on the other hand, provides instant and on-demand opportunities for making traditional and non-traditional sports wagers.