About Casino Game Odds
No matter whether you “cut your gambling teeth” on land or online casinos, to truly become a successful gambler you need to understand the importance of understanding the importance of casino game odds.
As strange as that sounds, it’s true. Your grasp of a particular gambling game odds will be directly proportional to your success or win rate.
Probably the best example of this is the game of poker which has been played around the world for decades by millions of people.
The world’s top online poker players, for example, know or can can make a highly informed estimate of the odds of every possible hand hitting and they are always aware of the “pot odds” or potential return for every bet they make. This knowledge is one of their core “tools of the trade”.
For instance, based on the cards they’re holding in a particular hand, they can work out the odds of winning the hand based on the strength of their hand, the size of the pot, their position at the table and how their opponents have played their hands to that point.
These odds will indicate to them whether to fold, check or raise. If they didn’t work out the games odds in this manner for every hand, they would literally be “playing blind” and would be crushed.
Back to traditional casino games, while odds are obviously unique to the respective casino gambling game, the “odds principle” remains the same.
Take for example someone who plays “red” or “black” on a roulette table or game. Without even thinking about it, they know that they have a 50% chance of hitting their color. Since these odds are so generous, casinos only pay out 2:1 on such bets.
However, the odds of hitting a specific number (out of 38 possible numbers on a roulette table) are far lower and thus online casino offers much higher payouts (35:1), enticing players to place “riskier bets” and thus make more money off a player’s losses..
They do this because they know that the odds of hitting one number with one bet in online roulette are stacked against the you, player.
How to Reduce Casino Game Odds
How to reduce casino game odds is key if you expect to win and come out ahead consistently when gambling online.
While you will never be able to eliminate the casino or house odds (this is how casinos make their money and stay in business), by using your skills and basic gambling strategy you should be able to reduce them slightly.
By reducing the house odds or edge, you will increase your chances or opportunity of winning more often. One of the most essential ways off achieving this is by properly understanding the game you are playing. Visit lucksters.com to read more about odds, bonuses and news what offers online casino sites for players.
A proper understanding of a casino gambling game includes learning the basic rules of your chosen gambling game, seeking out the most common “dos and don’ts”, formulating a basic strategy and learning from the pros.
If you’ve ever watched a professional blackjack player, for example, he or she makes playing look almost effortless in terms of when to stand, take a hit, double, split etc.
They make it look easy because they understand their game, as well as the casino games odds. And yet, their minds are still racing . In other words, they know the hard and fast rules of when best to hit, stand etc, but are constantly working out the odds of winning future hands in terms of cards that have already been dealt.
They know, for instance, that the more high cards (10 and picture cards) left in a pack, the higher the odds of them getting Blackjack or 21 and the higher the chance that the dealer will “bust”. They would then bet accordingly to increase their winnings.
You can see how having this information at your disposal can help reduce casino game odds in your favor. This is not to say however, that you will “break the bank” every time you gamble online.
The Mathematics Behind Online Casino Games
Many land and online casino gamblers think that gambling, for the most part, comes down to luck. While they are correct in that ‘luck’ certainly does play a part in gambling, what many are not aware of is the enormous role that ‘mathematics’ plays in online gambling.
Just about every casino game can be analysed mathematically, in the form of ‘casino game odds‘. Think about it, every casino game offers players’ odds. Odds are, in their most basic form, the mathematical probability of winning or beating the house. The higher the odds for the player, the higher the mathematical chances of a player coming out ahead. Unfortunately for gamblers, the opposite is also true.
Even the top online players have good and bad days, sometimes even weeks and months, just like the rest of us. The difference, however, is that they understand fully casino game odds.
Take Texas Hold’Em poker, for instance. As soon as a professional player is dealt his two ‘hole’ or ‘pocket’ cards, immediately his brains begin working overtime to figure out the odds of their hand, in relation to the cards he’s holding, the cards he doesn’t have, needs, what the other players might have, etc.
Based on his calculations, if the odds are against him, he will simply fold. If the odds are pretty even, he may check or even call and if the odds are in his favor, he may call or perhaps even raise. Once the ‘flop? has been dealt, he re-calculates the odds according to the above factors, taking the size of the pot into account as well. He repeats this process with the dealing of the ‘turn’ and ‘river’ cards until he folds or plays the hand till the end. By calculating the odds every step of the way, he is playing smart and maximising his chances of winning.
While casino games differ, the basic principles remain the same for every professional online gambler. Using their learnt skills and wide knowledge of odds, along with a pinch of ‘gut instinct’ perhaps, they will do everything in their power to eradicate luck as a factor and attempt to reduce the house edge to an absolute minimum. Using this strategy, professional players usually come out ahead in the long-term.
Of course luck, being as unpredictable as it is, is what makes gambling so exciting and unpredictable. Whether you are new to online gambling or an old pro, we would recommend that you research casino games odds as much as possible. Use the Internet, libraries or bookstores to help you understand the mathematics of odds and give yourself a winning edge when playing your online casino game of choice.
Understanding Casino Game Odds
To become a truly successful online gambler, it is very important that you understand the odds of the games you want to play at the best online casino uk. While this article will give you a basic overview of online casino games odds, it is a good idea to browse the Internet to learn as much about casino game odds as you can, with your objective to help “counteract” the casino or house edge.
But first, you need to understand what odds are. Mathematically, odds represent the basic probability of a potential outcome, expressed in decimals or fractions. Probably the best example of odds is the toss of a coin before a sporting event. A coin has only two sides which means it has only two possible outcomes. The “odds” of the coin landing heads side up is expressed as a ratio of 1:2 or 50%.
In terms of casino game odds, a playing deck has fifty-two cards, a dice has six sides and a roulette table has thirty-seven numbers, including zero. You can see how these odds become substantially more complex than those of a coin. While many online gamblers rely solely on “luck” when it comes to throwing dice, placing a bet or betting on their hands, experienced and professional gamblers work out the odds of their and their opponents hands or bets automatically.
They understand that the odds will dictate their playing strategy for a particular game or hand and ultimately maximize their win rate. Regarding casino game which offer the least house advantage, Craps, Blackjack, and Baccarat lead the field. This means that the casino gambling odds are more in the favor of the players of these games than for players of say slots or roulette.
Take blackjack for example. If you’re playing blackjack at $25 a hand, and there are an average of 60 hands per hour, this means that you’re playing $1500 per hour. If you play for four hours, the casino will normally “retain” around 0.8 percent, assuming you are playing well. This means that your losses will only be to the tune of about $48 which isn’t to shabby.
If you now compare roulette with blackjack, you will the see the difference in the house advantage. Say you place a $25 flat bet every round, of which there are 30 per hour. This means that you are play for four hours you’re looking at $1500, which means the casino would expect to make approximately $160 off you. While this might not sound like much, take that amount and multiply it by the amount of online gambling sessions an online gambler has over weeks, months and years, and it starts to adds up quickly.
To reiterate, the secret to successful online gambling is to fully understand the casino games odds and to develop a winning strategy through practice and knowledge.
Understanding House Edges
There are some online casino games that you are playing where the casino has the best odds of winning. The term for this odds, is the house edge. This actually means that if you are playing certain games, the bank (or casino) has the best chance of winning. But, in another way.
Explaining house edges
When you are playing certain card games or other games where there is a dealer, the casino is getting all the money that has folded or lost. For example. If you are playing a game of blackjack, and everyone has folded, even the dealer, the bank is getting the money. So, actually even if the dealer is also losing, it is getting everyone else’s money that also has lost.
Another example is; if you and someone else are playing blackjack against the dealer, you have more than the dealer and the other guy lost. The money of the person who had lost, is going to the casino. So, even if the dealer loses against you, it is getting the other loser’s money.
Games where you can found house edges
Blackjack isn’t the only card game where you will found house edges. There are numerous games where there are house edges. These games include:
Even, if this sounds unfair if you are thinking about house edge, the higher the risk when you are playing these games, the better the winnings going to be. It is normally the games that are the most risk that people want to try to avoid, but they are normally not thinking about the winnings and that the winnings can really be great. Now, you don’t have to wonder anymore how the online casinos can make such much money. It is because of the odds against you and the house edge that the casino has.