Where Do You Get Greater Betting Odds – Online or Offline?
Online betting is all the rage and has been now for some time. It’s convenient and easy to use to get bets down on a huge range of sporting events. It also gives punters access to markets anytime and any place, without having to even get up off the sofa and leave their houses. But does that mean that the traditional high street bookie is outdated?
Not at all, and bookmaker shops are not an uncommon sight across the length and breadth of the country. Besides, the lines get blurred with the betting shops that you see on the street also running their online betting sites, capturing as many wagers as they can.
But that leads to an interesting question of whether you can get better odds online at https://legalbet.uk/rating-odds/ than at your local bookmaker. We explore that question on this page.
The Determining Factors
Coming down on a definitive answer is a little tricky because no punter is going to get the best odds 100% of the time. In looking at the differences between online and offline odds, there are factors to consider.
Overheads
Running a high street shop comes with some big overheads, such as property purchase, rental, licensing, security, wages and more, which are expenses passed on to the consumer. It’s a natural assumption that online services are going to run at cheaper running costs. However, maintaining and staffing a busy online betting site that is secure is not going to come cheap either. Does one wash the other?
Hands In Both Pots
The fact that you can find bookmakers with both a High Street and online presence is interesting. You may walk into the city centre and see only one or two bookmaker shops. Logic would dictate that the odds therefore may not be as high because of that lack of direct competition. Online, a bookmaker has to trade against a massive number of other betting sites, so potential odds can be better there.
The Bookmaker Margin
The major differences between odds values are probably not going to be that visible to punters. It will probably be slid into high bookmaker margins. The odds in a betting shop in most cases are still going to be generated by computing power anyway, in an attempt to mitigate potential exposure. Long gone are the days of things like manual bookie errors in odds judgement creeping in.
Punters Choice
If a punter walks into a betting shop, they aren’t going to shop around for prices and haggle with the staff to get a better price. They are going to have to settle for whatever odds are given to them at the time. It is a different story online where bettors can simply do a quick odds comparison between a huge number of different sites and pick the best ones.
Bonuses
This is an area in which online betting rules slightly. You are going to find more betting offers online than you are in a store. That’s because the bookies want to initially get customer acquisition and then ensure retention. Some deals can equate to better terms, even if it’s getting something like a money-back special as a free bet.
In Summary
So which one offers greater odds? Should you go online or offline? For convenience, variety and bonuses and the ability to quickly perform odds comparison, then online betting wins the day.
It’s having the choice and availability to select different odds from various sources which are key, as opposed to ones that are hard set in a physical location. Betting shops still have a big place in the industry and remain well-supported or else they wouldn’t be in business.
For social interaction, atmosphere, and security in some sense because of not sharing personal details online, some punters may lean more towards the High Street bookie. But in terms of sheer numbers of bettors and bets being placed, then online betting leads the way and that is something that will help drive better odds in that arena.
