If you are gambling online and looking to play games of chance, then to make money you need to know the bets with the best odds of success.
Do you know the best bets in Baccarat, Roulette, craps and slots? If you don’t and you’re gambling online then you will do after reading this!
There is nothing you can do to influence the outcome of games of chance, i.e. you can’t apply systems. Many people buy them off the net but they don’t work and you will soon know why.
To increase your odds of success all you can do is pick the bet with the best odds and this means knowing the theory of probability.
Probability is a branch of mathematics that deals with calculating the likelihood of an event’s occurrence, which is expressed as a number between 1 and 0.
An event with a probability of 1 is considered a certainty:
For example, take the toss of a coin the probability of a coin toss resulting in either “heads” or “tails” is 1, because there are no other options, assuming the coin will land flat i.e. the probability is 0.
An event with a probability of .5 is considered to have equal odds of occurring or not occurring:
For example, the probability of a coin toss resulting in “heads” is .5; this is because the toss is equally as likely to result in “tails.”
Probability theory applies precise calculations to quantify uncertain measures of random events.
The odds don’t change!
A fundamental mistake many gamblers make is to assume the odds get better if an event happens several times in a rowhttp://18.104.22.168/wargaqq/For example, if heads comes up 20 or 100 times in a row, the odds do not change for heads coming up on the next toss. There still 50 – 50% or .5.
When gambling online in games of chance, systems that try and predict when the odds are in your favor can’t work, as the odds are fixed and don’t move.
Let’s take a look at an example that relates to gambling online in game of chance and put in the house edge.
Odds & the house edge
We are offering to pay you odds of 10 to 1 (you win $11.00 minus the $1 you paid to place the bet. Of course if we paid you the correct odds of 12:1 things would of course, even themselves out over the long run but, in this example we have given you worse odds and this represents our edge.
The advantage or edge we have charged you is similar to the one you will encounter in a casino when gambling online
Let’s take a look at the best odds in 3 games
Bets on the banker have the best odds and house edge is just 1.06%
Best bet by far is the odds bet at (0%).
Consider that many players pick other bets with edges of 10 or more against them and you can see why they lose! Forget luck or hunches the best bets are the ones above
You should read our other articles on them for in depth view of chances of success. Odds are a lot worse than ones above, but jackpots can be huge!
The best odds give you the best chance of winning
Here you will see that the odds are fixed in games of chance when gambling online and if you know the bets with the best odds you have as much chance of making money as anyone else.
More information on all casino games
Gambling online payouts are the drawing cards that owners of online casinos use to attract new customers to their sites as well as to retain existing ones. If people see that the website they are visiting has a reputation for higher payouts than other online casinos, they are more likely to play at that one. Payouts change regularly depending on the amount of traffic a site is experiencing and it is used to regulate the playing time of people.
Definition of a Payout
The winnings of the people playing casino games online are gambling online payouts. The amount of money placed in a bet determines the size of the payout and is in no way associated with the size of the player’s deposit. The casino earns its money by taking a percentage of the payouts paid to customers. For instance, with a 96% payout, the casino will earn $4 for every $100 wagered. In other words, on this percentage rate, you will pay 4% for a chance to win a large sum of money.
What Influences the Payout?
The type of games played determines the payouts players might receive. The average of all the percentages together is what determines the casino’s overall payout in the end. You can usually find payout percentages of different online casinos displayed on their website and trusted sites make use of auditing firms to vet these figures. Players can easily tell whether the casino is legitimate or not by looking for the certification issued by the auditor displayed on the casino’s website.
The percentage of the payout tends to fluctuate randomly as some players lose and others win and this is why a pattern cannot be deduced by looking at gambling online payouts over the course of one or two months. Sometimes big winners occur in a given month and this will inflate payouts but you must remember that winning big does not happen all the time so the payout reflected is not an accurate representation.
You can influence payouts in your favor with a simple trick. Sometimes casinos reward players with points that they can exchange for cash, you can then use this money to subsidize the casino’s percentage. If you can manage enough points and a high enough payout, a player can easily get a payout that is over 100%.
Important Things to Remember About Payouts
Online gambling payouts are generally higher than are those at land-based casinos, and the payouts are what decide how much money you win or lose on every bet you place. Remember that high payouts are used to lure players so always be sure that you are doing business with a reputable online casino before spending any money. This way you ensure that you are not cheated out of your winnings.
C.L. Hendricks, of Web Content Provider [http://www.web-content-provider.com] has been a Jill-of-all-trades and become an expert in some, including the Top Ten Online Casinos [http://www.the-top-ten-online-casinos.com], which allow her to have fun without spending a lot of money.