Gambling comes in many shapes. From lotteries and online casinos to betting on sports and presidential elections. The most popular forms of online gambling are casinos and sports betting, and punters often wonder which one is better. While both of them can be extremely exciting and rewarding, there are several things to consider before making a decision. After reading our article, it will be much easier for you to choose between sports betting platforms and the highest payout casino sites in New Zealand and Australia.
Skills and knowledge
You probably know how easy it is to start playing at an online casino, especially when it comes to slots. Even roulette, blackjack, and poker are not that hard to master when you have tips and recommendations on the screen. Many games are available in a free-play mode, so you can master them without risking any funds.
On another hand, sports bettors should know a lot about sports: rules, players, teams, leagues, transfers, bet types, and so on. Your knowledge directly impacts bet outcomes and it should constantly update and advance. Sports bettors must educate themselves, read the news, watch games and gossip, and have strong analytical skills.
Accessibility
Another thing that makes sports betting and gambling differ is availability. At online casinos, users are guaranteed to get the best treatment at any time not depending on whether it is a weekend or a public holiday. You can take your seat at a virtual table or spin the reels 24/7 at your own speed and tempo.
Everything is different with sports betting because it’s usually not available around the clock. Visitors can make bets on their favourite players and teams only when matches take place. Some events are quite rare. This means that you need to be patient and sometimes adjust your schedule to a game, especially if you prefer betting in live mode.
House edge and betting odds
When wagering at sportsbooks or casinos, users come across two important terms – house edge and betting odds. The first one shows the casino’s advantage, i.e. how much money it wins on each of your bets. The house edge is presented in percentage and when you extract it from 100%, you’ll get an RTP – the amount players potentially return on the bet.
Sports betting is slightly different because the odds are more complex and come in three different versions – fractional, decimal, and money line. They show how much money you should risk to win a certain amount. A part of the odds is reserved for betting operations also called the vig. Thus, you always play with more than you bet on matches or races.
Variety of options
While there are many differences between online gambling and sports betting, both are great when it comes to diversity. If you want to wager on an outcome of a certain event, you can choose between football, rugby, cricket, boxing, sailing, horse racing, Oscars, presidential elections, Olympic games, esports, and more. There is a huge number of leagues and tournaments, both professional and amateur ones, for bettors with any expertise level.
Wagering at online casinos is also extremely diverse and allows you to choose between tens of categories: slots, blackjack, roulette, poker, baccarat, wheel of fortune, lotteries, scratch cards, and much more. There are literally thousands of games in each category and software developers work day and night to improve them. Slots are the brightest example. It is difficult to count the number of online pokies and each of them follows a unique theme, has different betting limits, several bonus features, its own payout percentage, and other great features.
Both are great ways to spend time
In 2022, the sports betting industry has reached $231 billion value but online gambling is not inferior to it. Both sportsbook and gambling sites have millions of daily visitors and are a great way to spend your free time. But they have several significant advantages in terms of variety, odds, and necessary skillset. We hope that Grace Tennet, the author of this and many other guides at NZ CasinoHEX, has given you a better idea of these markets and now you can easily make the right decision.
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