Casino Winning Statistics - Baltimore Post-ExaminerBaltimore Post-Examiner

Casino Winning Statistics

In the online casino gambling industry and any other form of gambling, every possible win is put to chance, and the house usually holds the advantage over the player. There is no way you can outwit oddly, but there are some bets that can help in lowering the house advantage. Remember, for every bet placed, there is a chance of you winning and losing. 

You might be wondering how a professional poker player can own a private while a novice is losing money in every game. This is possible because of the element of skill in online gambling. There are certain games where the way you pay will influence the outcome and they are commonly known as Skill Games, while others are just games of chance or Luck Games. 

The common Skill Games in the gambling market today include online roulette, baccarat, blackjack, poker, and craps while Luck Games include online slots, bingo, keno, lotto, and scratch cards. Despite the fact that the market is dominated by Luck Games, we suggest that you pay more attention to Skill Games as there are many chances of winning. 

Apart from knowing the basic winning strategy, you need to bear in mind the Return to Play (RTP), the house advantage, and of course, how to calculate odds in different game variations. The RTP in luck games come in the form of percentages whereas in skill games odd are the most common. Knowing all this information before starting to play will make you a better gambler. 

One thing is for sure, and that is that odds in online casinos are far much better than their brick and mortar cousins.

Winning Statistics for Progressive Jackpots and Online Slots

There is no doubt that online slots are the most played casino games compared to other variants. If you are the kind of player with a test for online slots, we suggest you play at online casinos rather than at land-based casinos. The reason why we are saying this is because statistics show that regardless of your game of choice, the winning odds at online casinos are much better at online casinos. 

Besides the good odds, online slots are known for being tempting, luring, very entertaining, and with huge promotions. But, first of all, let us understand the bets and odds in online and progressive jackpots. There is a high chance of winning big based on the value of your bet in online slots and an opportunity to win the ever-growing jackpot by simply making a random combination of symbols. Although there is a high chance of winning big with progressive jackpots, online slots are preferred by gamblers because they come with a return to player (RTP) of between 95% and 98%. 

However, these percentages are not a guarantee of how often or how much you can win in a game. What is important here is the winning frequency. Online slots with a lower frequency have a larger reward occasionally. On the other hand, those with a higher winning frequency have a smaller prize size. To help you understand better, let us illustrate in an example; if you wager $100 in an online slot with a return to the player – RTP of 98%. There is a high probability of you winning $98 or less. This doesn’t imply that the casino has used some magic on your money. 

Remember, the return to player is always calculated as a percentage over a long period of time, thus, you have a chance of making more cash over the time with a higher return to the player. Th progressive jackpot slots usually come with a lower return to player, ranging between 88% to 95% despite having a similar gameplay with online slots. The good thing about them is that they come with bigger rewards.

Winning Statistic at Casino Table Games

Not all online gamblers enjoy playing online slot games. There are those who want to have the thrilling experience of a land-based casino right from the comfort of their homes by playing the classic table games. There is a high chance of cashing out big if you manage to construct a winning hand. 

Every table game is unique and the odds also vary depending on the size of your bet. For instance, if you have a house edge of 5%, it means your return to the player would be 100%-5%= 95%. Nevertheless, you ought to understand that the games in live casinos have different odds from ordinary online table games because they are live-streamed from land-based casino studios. Now, let’s have a deeper understanding of winning odds in each table game variation.

Online Roulette

The player who bet on red or black has 48.65% winning odds while those who bet on a single number in variations like European roulette lower their odds by 2.7%. As well, the house edge on single number bet and other similar bets in American Roulette is at 5.26%. 

This can be easy to roulette die-hards, but if you are still new to the game, you can work out the house edge by dividing the number of zeros on the wheel by the number of pockets but don’t forget that some variants have two zeros while others have only one. There are numerous roulette variations today, but what we have discussed are the main variations like American, European and French roulette.

Online Poker

The online Poker game is probably the most complicated of all other games and the only secret to winning is by studying the game. The odds are different odds for each hand in online poker as there is a different probability for each losing hand. One thing is for sure, there is a 0.0032% chance of being dealt a Royal Flush. 

Similar to online slots, video poker games use a random number generator (RNG) software to ensure that all outcomes are random. Normally, the RTP of video poker games is around 96% to 99% mark and a dealing possibility of 8*1067. 

Online Blackjack

All Blackjack fans will agree with me on the fact that odds are very crucial in this table game variation. In fact, the odds are the foundation of all blackjack strategy and they work to bring the odds in your favor at all time. It is easy to work out the blackjack odds as they only require basic math skills. You will realize that there is a 4/52 chance of any single number coming on top and 1/13 if it simplified. 

Online Baccarat

Baccarat is considered the game for high roller players because it has a lower house advantage compared to other games. There are two betting options, bet on the banker or bet on the player. Betting on the banker is the most common because there is a house edge of 1.06% while betting on the player has 1.24% odds.

Online Craps

Like Baccarat, online Craps is also a game for high roller players because it has the evenest odds than any other casino game. The game might appear easy to play, but if you don’t pay attention, you might hit the worst odd of your life. Avoid placing your odds in the middle of the table when playing. You can opt for the pass line bet which has a house advantage of 1.41% but they don’t pass bet is the best of all because you play odd of 1.40%. 

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