In the lottery, the advantage of the lottery operator over the player is more than 50%, which is obviously the worst option for gambling. In betting, the bookmaker's advantage is from 4 to 8 percent. In gambling, from 1 to 5 percent. The most expedient game is dice - 1% house edge.
But betting has its advantages - a variety of promotions that significantly increase your odds, plus sometimes you can find a bet with favorable odds, that is, literally one where you have an advantage over the bookmaker. There is nothing like it in the lottery or gambling.
Topic: Which has better odds, lottery, online gambling, or sports betting? - page 8. (Read 932 times)
November 01, 2022, 02:49:00 PM
November 01, 2022, 02:38:06 PM
Lottery – a game with established rules where players buy tickets for a chance to win cash or other merchandise prizes.
Gambling – a game or mutual bet according to established rules whose participants, seeking monetary gain, voluntarily risk losing an amount they have paid in, and where winning or losing is determined by chance, by some event, or by the result of a sport competition.
Sports betting - Sports betting is the activity of predicting sports results and placing a wager on the outcome.
Differences
In a lottery, players compete against other players. A lottery’s prize fund is set in advance and the lottery operator does not participate in the game.
In gambling, players compete individually against the gambling operator. It is in the gambling operator’s interest to win against the players.
In Sports betting - In sports betting players places wagers on sports that include but not limited to football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels.
We have an active gambling discussion section and I would very much love to hear the opinions of experienced gamblers on which has better odds, lottery, online gambling, or sports betting?
Note: The idea for this post came from reading this article on Quora
I believe that in terms of how probable you are of winning, the best odds are on sports betting. Especially if it's just between two teams pitting for a win. Normally the only factors that would really affect your win is how good the teams are, which could easily be discerned with a couple google searches. Lotteries have a reputation of being very hard to win, mathematicians around the world have stated that it's more probable for you to be struck by lightning multiple times than actually be a lottery winner. As for the others you have stated, like gambling, there's more to it than just odds. Innate skills, house edge, and knowledge of the game you are playing are good definers of how probable one is of winning. Gambling – a game or mutual bet according to established rules whose participants, seeking monetary gain, voluntarily risk losing an amount they have paid in, and where winning or losing is determined by chance, by some event, or by the result of a sport competition.
Sports betting - Sports betting is the activity of predicting sports results and placing a wager on the outcome.
Differences
In a lottery, players compete against other players. A lottery’s prize fund is set in advance and the lottery operator does not participate in the game.
In gambling, players compete individually against the gambling operator. It is in the gambling operator’s interest to win against the players.
In Sports betting - In sports betting players places wagers on sports that include but not limited to football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels.
We have an active gambling discussion section and I would very much love to hear the opinions of experienced gamblers on which has better odds, lottery, online gambling, or sports betting?
Note: The idea for this post came from reading this article on Quora
November 01, 2022, 02:23:34 PM
In a lottery, players compete against other players. A lottery’s prize fund is set in advance and the lottery operator does not participate in the game.
The odds can be very good here since there's no chance that the lottery operator can interfere. What you don't know however is the level of skill the other players you are playing against have, if thy are more skillful, that becomes a disadvantage for you.In gambling, players compete individually against the gambling operator. It is in the gambling operator’s interest to win against the players.
The motive to make profit can become corrupting for operators and they can wan to influence the game to their favor most of the times, so the odds of winning are lesser for you compared to lottery.In Sports betting - In sports betting players places wagers on sports that include but not limited to football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels.
This can depend on knowledge of the sports you have. The operator can barely influence the games, so the odds are good but also influenced by luck. The operators hope you are wrong so they can win.The better odds will be Sports bet, lottery and then gambling.
November 01, 2022, 02:05:22 PM
which has better odds, lottery, online gambling, or sports betting?
As odds for winning, best should be sports betting, if one knows the game and picks good. And worse is lottery, but the prizes are also big there.
The odds at online gambling are debatable, they depend on the game and the odds the user is choosing (if he can, for example at hi-low).
Shockingly, the chances of winning the lottery are absurdly low.
About what's written at Quora (not necessarily the "article", more the answers), well, I'm not shocked on how bad are people at math, but I'm shocked about how little they understand about the world they living in
November 01, 2022, 01:51:45 PM
Sportsbetting is the best, if you are good. Pretty bad if you're bad.
Regular gambling would be next but varies hugely on which game you play. Best to play low house edge provably fair games.
Lottery is by far the worst, unless there's a huge jackpot, which very seldom ever happen, if ever.
Regular gambling would be next but varies hugely on which game you play. Best to play low house edge provably fair games.
Lottery is by far the worst, unless there's a huge jackpot, which very seldom ever happen, if ever.
November 01, 2022, 01:09:41 PM
Lottery – a game with established rules where players buy tickets for a chance to win cash or other merchandise prizes.
Gambling – a game or mutual bet according to established rules whose participants, seeking monetary gain, voluntarily risk losing an amount they have paid in, and where winning or losing is determined by chance, by some event, or by the result of a sport competition.
Sports betting - Sports betting is the activity of predicting sports results and placing a wager on the outcome.
Differences
In a lottery, players compete against other players. A lottery’s prize fund is set in advance and the lottery operator does not participate in the game.
In gambling, players compete individually against the gambling operator. It is in the gambling operator’s interest to win against the players.
In Sports betting - In sports betting players places wagers on sports that include but not limited to football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels.
We have an active gambling discussion section and I would very much love to hear the opinions of experienced gamblers on which has better odds, lottery, online gambling, or sports betting?
Note: The idea for this post came from reading this article on Quora
Gambling – a game or mutual bet according to established rules whose participants, seeking monetary gain, voluntarily risk losing an amount they have paid in, and where winning or losing is determined by chance, by some event, or by the result of a sport competition.
Sports betting - Sports betting is the activity of predicting sports results and placing a wager on the outcome.
Differences
In a lottery, players compete against other players. A lottery’s prize fund is set in advance and the lottery operator does not participate in the game.
In gambling, players compete individually against the gambling operator. It is in the gambling operator’s interest to win against the players.
In Sports betting - In sports betting players places wagers on sports that include but not limited to football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels.
We have an active gambling discussion section and I would very much love to hear the opinions of experienced gamblers on which has better odds, lottery, online gambling, or sports betting?
Note: The idea for this post came from reading this article on Quora
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