In November 2022, news broke that the sports betting sphere in the US posted a record-breaking $1.68 billion in revenue for the third quarter of the year. According to the American Gaming Association, that represented a growth of 80.6% year-on-year, which should not be overly surprising to anyone, as the US opened seven new sportsbook markets since September 2021, with New York proving to be a standout player in the sector. Many US states that have permitted sports wagering for their residents have also allowed internet betting, drawing a comparison between this activity and online casino gaming. The latter is interestingly scarcer in the United States (only six regions have legalized it), though widely available through offshore platforms that accept Americans.
In the subheadings that follow, a concise analysis gets presented on the categories where one of these gambling activities is far superior to the other, followed by some in-depth insights into both.
Casinos Have Better Bonuses
As a rule of thumb, online casinos give away more sizeable amounts of free-play cash to new users. Many internet sportsbooks look to do the same, but their bonus cash pales when placed up against what gaming platforms can deliver. That is due to the higher likelihood of gamblers accurately guessing outcomes in sporting events. Casino games are random by nature, and nothing anyone can do can affect the result-generation process in table or machine picks. In sports wagering, information regarding an event can drastically help a bettor make an educated guess with a high probability of it coming to fruition. That is why promotional funds can often only get used on events with a winning coefficient of at least 1.3. Operators cannot afford to supply a wealth of on-the-house betting cash to patrons that they can use for massive favorites, leading them to ensure decent profitability.
It is also worth mentioning that casino promos come with much higher wagering requirements than sportsbook ones. For these conditions to get completed, gamblers must bet their supplied casino money dozens of times. That takes time and is often not always possible with only bonus cash. That is why it is essential to scan the terms of every deal, looking for what pitfalls it may hide, particularly when it comes to niche crypto coin promos.
Betting Offers a Higher Winning Probability
Making informed choices boosts the odds of accurately predicting future events. In casino gaming, all outcomes are random.
Gaming products have built-in math advantages that always fall on the entity offering them. While this so-called house edge varies from game to game, it is irreversible before a round starts. In sports betting, one team can get massively favored to win, and a sportsbook will still allow gamblers to bet on it. But their potential prize money will be way smaller than their stake. Hence, if in two out of ten such events, the underdog pulls through, the operator can still turn a profit. That is how platforms like those listed on Safest Betting Sites can afford to list lines from games where the winner is seemingly evident to everyone before the match starts.
Tactics Can Get Applied Equally Well on Both
In general, no fool-proof system guarantees that someone can continuously stay out of the red when engaging in any gambling pastime.
Casino games like blackjack, roulette, and video poker can provide almost 50/50 winning chances, making them apt for progressive (positive and negative) betting pattern use. That refers to systems such as the Martingale, the Paroli, the D’Alembert, and the Fibonacci wagering schemes. These involve increasing or decreasing bet sizes after wins or losses. Sports watchers are not that massive of fans of these approaches, but many still put them to use. These are individuals that implement a long-term perspective concerning this wagering pastime.
Gaming Delivers Far Higher Rewards
Jackpot slots can churn out rewards worth several million. For casual bettors to snag a win of several hundred thousand, they must put down a slip featuring multiple wagers called a parlay. The stars must align for such a bet to pay out, and when engaging in such behavior, sports gamblers face similar odds to those offered by progressive machines.
Technically, in both fields, the odds dictate the payouts. However, it is almost impossible to put together a slip that can generate a reward windfall of millions, the kind that reel-spinning games can payout.
How These Activities Stack Up
With a conservative approach that involves making well-informed choices, gamblers stand a better chance to turn a profit long-term, indulging in sports betting than casino gaming. The bait of hitting symbol combos on virtual reels that lead to life-altering prizes, paired with bonuses that facilitate this, is the thing that drives hordes of gamblers to casino sites. Yet, even with promos on their side, these platforms cannot match the smart money attainable at internet sportsbooks.