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Everything you need to know about odds at online casinos

When it comes to casino gambling, the odds are always piled up against you. The house always wins because there is something called the “house edge”. Like casinos in Las Vegas and Macau, online casinos have this built-in advantage.

Why “house always wins”

The house always wins

Running a casino is a very dangerous business. The entire gambling process is based on odds and luck. If you rely on blind luck, you can’t survive long in business. That’s why both offline and online casinos use the power of math to ensure a small advantage in every game they offer.

For example, in offline blackjack, the house edge comes from the blind card that the dealer has and you can’t see it. This is also very fair and legal, as gambling at casinos is intended to be a form of entertainment. Think of the house edge as a form of “fee” for the services offered by the casino.

Differences from online casino odds

In online casinos, games are virtual, programmed on a computer and use software and graphics. In these games, House Edge is mathematically programmed into an algorithm that determines the outcome of each round of betting.

All casino games come with preset odds called RTP or Return to Player. RTP only shows the house edge in reverse. For example, a blackjack game with an RTP of 98.5% means that the game has a house edge of 1.5%.

Similarly, Playtech’s popular Age of Gods slot has an RTP of 95.02. This means that the house edge in certain games of online casinos is 4.98%. With all the latest online slots, table games, and digital slot machines, RTP is beyond your control as a player.

To contrast this, take the classic blackjack at a casino in Las Vegas. If you’re good at cards and math, you can use card counting techniques to gain an edge. But in digital games, this is simply not possible. The results are randomly programmed and determined by safe, tamper-proof RNG software.

Understand how RTP works

Know about online casino odds

Here’s a brief description of RTP – RTP gets Ocean’s Treasure slots from 96% Netent. If you bet $ 100 on this slot, the average winning return will be $ 96. However, there is a very important caveat to this. This does not mean that you will get back 96% of your stake in every game session in this slot.

Slot RTP is calculated over long gaming sessions involving hundreds of thousands or millions of betting rounds. There are several variations, as each slot is programmed with a random result.

One day you might bet $ 100 and get back $ 150, but on the other day you might get back only $ 50. However, in general, higher RTP slots are more likely to win more often than lower RTP slots.

Use RTP to improve odds at online casinos

One of the key factors that can affect odds is the RTP of the game. However, it should be remembered that starting a particular video slot at an online casino has no chance of affecting the odds in a meaningful way. But outside the game, when browsing the lobby of an online casino, that’s a completely different story.

When it comes to RTP, there are no two similar games at online casinos. The RTP for each slot is determined and set by the company that created the slot. In online slots, RTP can vary significantly between individual titles.

For example, huge jackpots like Mega Moolah Atlantean Treasures from Microgaming have a low RTP of 92%. Most regular slots in the 95-96% range, such as Netent’s Cash Noire, Quickspin’s Arcane Gems, and Betsoft’s The Angler, are all solid examples.

On the other side of the spectrum, some games such as Pirate Gold from Pragmatic Play, Gorilla Gold Megaways from Blueprint, and Big Bad Wolf from Quickspin have a high RTP of 97%. As already mentioned in the previous section, choosing a slot with a high RTP has a much higher chance of winning.

Tactics including volatility, jackpots and bonuses

Online casino odds and tactics

Apart from RTP, there are many tricks to take advantage of the odds. One is related to volatility. Each slot is programmed into one of three types: high, medium, and low. In general, high RTP slots tend to have low volatility. That is, the prizes will be lower, but more frequent.

High volatility is found in jackpot slots-they pay insanely big wins, but only rarely hit. Moderate volatility slots make up most of the slots. If you need a low risk and solid win, you can increase your odds by choosing a low volatility slot. But if you’re chasing that big prize and don’t mind the extra risk, play those jackpots!

Bonuses are offered at all online casinos-they offer you free spins (with real money bets) and bonus cash to boost your bankroll. Some new player bonuses are completely free. There are several benefits to using such a bonus. You can test and practice new slots. And if you’re lucky, you’ll get paid too!

There is no very good deposit bonus for this. It’s 100% free, so there’s no risk. In addition, you can charge them at various online casinos. Unless you try to claim the same bonus twice at one casino, that’s fine.

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Author: DLM Editor

Life tips and life hacks for happiness and prosperity.


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