Online Casino Odds & Payouts, Odds & Payouts of Online Casinos

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From Ana Rincon Your Guide to Online Casino Odds & Payouts

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OGlogic Online Casino Odds Guide:

In this section, I am going to illustrate the odds and probabilities of online casino games. After the analyses and comparisons by our guru level staffs, I will show you which kind of online casino games offer the best odds for the casino players, which ones offer the worst odds and the details on how we set the conclusions. Hopefully, after learning the whole tutorial, you will definitely understand more and have a deep insight to the online casino odds, and even to the house's edge.

Online Casino Odds Essential

It is very important to learn exactly what the word odds really mean before we go deeper into each online casino game. "Odds" is a mathematical term which represents the probability of the potential outcome. It is usually expressed as a decimal or fractional number. For example, the traditional coin toss before a football game. You know that there are totally two possibilities for a flipping two-sided coin: heads or tails. Hence, the probability of the landing coin to be heads up is calculated as 1 out of 2. That's 50% in percentages. Normally, we call it "Fifty-fifty" which refers to 50% chance of either possibility.

A roulette wheel has 37 or 38 slots just like the coin has two sides. A standard playing deck normally has 52 cards. A die has 6 sides. These numbers represent various results of each play. They represent the probabilities of the casino games. Thus, math and odds are the core part of online casino gambling games. Casino players actually seldom consider the actual meaning of math behind their throwing of a dice at craps tables. Neither do they consider how to place certain bets might increase or decrease their overall probability of winning. However, smart gamblers do realize that utilizing correct strategy to bet or to choose specific casino games could make huge difference. Or even if you would ever like to be a winner, some online casino games might need to be avoided. Having these in our minds, we will start to explore the games and to show which kind of games could offer the best odds for the online casino players.

Best Casino Odds and Worst Casino Odds

Everybody, whether an online casino beginner or a professional player, knows that online casino companies are making money off their players in order to be in business. How could they build many fancy resorts costing millions of dollars? The answer is on the backs of all the casino players. All casino gambling games have inherent advantages for casino companies of course. This advantage is called the "house edge". The "house edge" is a percentage number which represents how much casinos could expect to make from every betting unit. Give it an example, in double zero roulette, the house edge is 5.6%. Thus, for every 100 dollars wagered, the casino could expect to earn 5.6 dollars. This might not seem to be a lot, however, we need to consider several other important factors.

For instance, you are playing blackjack casino game for 25 dollars a hand. For each table, it is averaging 60 hands per hour. If you multiply 60 times 25 dollars, you are actually betting 1,500 dollars per hour. Imagine you play only for 4 hours. That equals to about $6000 of which the casino will expect to grab 0.8%. This is also in the situation that you are playing the game with perfect strategy. That is only 48 dollars you totally loose. It doesn't seem too bad. That's why Blackjack is one of the best casino game options for players. Then, let's consider how much the casino would expect to earn for Roulette. Roulette is a slightly a slow game, basically every few minutes per round. In order to show the comparison, we just assume that it is 30 rounds per hour with a bet of 25 dollars for every round. Then, the casino could expect to make $157.8 from the player for four hours play. You might still say that's not very exaggerated losing amount. However you need to understand that it's playing over and over again which makes it add up continuously.

Really Big Expectations

People usually play casino gambling games because of fun and excitement. This is the unique feature that such entertainment could deliver. Gambling can be a very enjoyable game. This type of player usually doesn't mind a small losing because they play the casino games for fun. This is only for occasional players. Nevertheless, no one likes to lose money indeed.

In fact, there are proven ways that can dramatically reduce the chance of losing. First, you should not play casino games with very bad odds, such as keno. Keno is a casino game with one of the highest house advantage among all casino games. That's a hefty of 25%. So next time you play at a casino, stop and observe the keno game a little bit. Chances are those players don't look like they even know how to play the game. So please don't waste your money on keno.

In contrast, Casino games like Craps, Blackjack and Baccarat provide the smallest house advantages, thus very good chances of the players. You should focus on these sorts of casino games. Besides, Blackjack and Craps are both very interesting casino games. Blackjack is one of the very few games that a skilled player could not only eliminate the house edge and even to create a player edge. You need to learn basic Blackjack strategy by heart for the first step. Then, train yourself to be a knowledgeable and accurate number counter. Finally, try to adjust your bets and hand decisions based on your count, you should mask your expertise to the game dealer. This will take you hundreds of hours to practice unless you are a math genius. If you could ever become a professional blackjack player, you can expect to have a player edge over the house edge between 0.5 and 2 percent. It doesn't seem to be a lot. However, it's all about time. As time goes by, things add up!

I just show you this as an example to make smart money from casino games. You should try to learn basic Blackjack or Craps strategies instead of wasting your money and time at big house edge games like keno. After that, you will find out decrease in your losing and increase in your winning right away. Again, good luck for you!

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