Casino Journal Online - by Gamblers Lodge

Unlike regular casino gambling, gamblers do not bet against a casino when placing a wager on a particular sports game.  The reason is because sporting games are independent events - just like the prelude coin toss at the beginning of a football game.  In other words, there is no probability theory governing the outcome of a sports wager, consequently canceling any casino advantage, or player advantage for that matter. 

So, how does an online casino earn its keep in the world of sports betting?  Well, it's all in the vig.  Vigorish, commonly called vig or juice, is the commission that a sportsbook earns on all bets.  This commission, which is universally accepted for the most part at 10%, consequently pays out 10 to 11 odds.  A common number posted on sportsbook betting boards is 110, which is another way of proposing that a gambler must bet $110 in order to win $100.  You got it - 10:11 odds.  Whether a sports gambler wins or loses, the online casino will get its commission.  For instance, if two gamblers both place $110 bets on opposite teams in a hockey game, the casino will earn a profit of $10.  Although the casino loses $100 to the winning bettor, it keeps $110 from the losing bettor.

It is safe to say the casinos commission corresponds to somewhat of a House Edge.  In order to come out on top, a gambler must win eleven times out of twenty-one bets, equating to a 52.5% winning streak.  At an average of 4.5% Casino Advantage, this may not sound too promising for the avid sports gambler, as opposed to the occasional gambler.  However, when examined on a cost-per-hour basis, the losses do not stack up like they can at the card table in an online casino - Remember, most sports games are at least two hours long!