Online casinos promise mind-blowing wins, which makes them interesting for millions of people worldwide. When a shuffle of cards, a spin of the wheel, or a roll of a dice is involved, many believe that it’s all about luck. However, pro players know that behind the allure of huge payouts, there are statistics and probability dictating the outcome of every game. Understanding their role may boost the chances of winning at gg.bet as well as help gamblers make smarter decisions about their bets.
How Do Probability and Statistics Work in Online Casinos?
Probability is used to reveal the likelihood of a specific event happening, which is also referred to as ‘odds’. In online casinos, this applies to games and their results. For example, the probability of drawing an ace card from the deck or the chance of a roulette ball landing in a particular wheel pocket. Understanding the odds allows gamblers to evaluate the risks better and build strategies instead of relying on mere luck, even though it does not guarantee winning all the time.
Statistics goes beyond probability since it involves collecting, analyzing, and interpreting data related to the previous results of casino games. By arming themselves with such valuable knowledge, players get deeper insights into the possible game outcomes and can adjust their wagers accordingly. Hence, their chances of winning more in the long run increase.
How to Harness the Power of Probability in Casino Games
The likelihood of each given game outcome is often pre-determined and expressed as a percentage or numerical odds. But whatever the case is, you can improve your chances of winning if you know how online casinos work. Therefore, it’s crucial to learn about random number generators, house edge, and RTP before you start playing.
Random Number Generators
Games in online casinos operate based on random number generators, and their essence is quite simple. As the name applies, these are special algorithms engaged in generating random numbers to determine the result of a game round. Therefore, all the outcomes become completely haphazard, ensuring the fairness of a casino.
Slots are the most obvious example of RNG usage. As soon as a player hits the ‘Spin’ button, the algorithm generates a sequence of symbols that land on the reels and either show a winning combination or do not. Other categories of casino entertainment that rely on RNG include tables, video poker, scratch cards, and insta games.
However, the situation is different with a live casino where human interaction is involved. Such games are essentially live streams during which a professional croupier spins the roulette wheel, deals the cards, or rolls the dice, so no software is needed to ensure the randomness of an outcome.
House Edge
House edge is a mathematical advantage a casino has over gamblers to earn profit. It represents a percentage of every $1 wagered that the operator gets in the long run. Since it’s based on the probability and statistical analysis of each game outcome, the house edge can tell you which title is the most cost-effective to play.
Let’s see how the percentage is calculated in the example of American roulette. So, the wheel has 38 pockets. The true odds of guessing a winning number are 38:1, although the house pays out just 35:1. With that in mind, a correctly predicted $1 bet will bring you $36, which is $2 less than the true odds suppose. This $2 is the house advantage, which is calculated as 2*(1/38) = 0.0526 (5.26%).
Check out the table below to learn the house edge of popular casino games and bet types:
| Game | Bet Type | House Edge |
| Slots | – | 1-20% (based on RTP) |
| Roulette | Single zero | 2.70% |
| Double zero | 5.26% | |
| Blackjack | – | 0.5-2% |
| Baccarat | Banker | 1.06% |
| Player | 1.24% | |
| Tie | 14.36% | |
| Caribbean Stud Poker | – | 5.22% |
| Crazy 4 Poker | Ante | 3.42% |
| Double Down Stud | – | 2.67% |
| Heads Up Hold’em | – | 2.36% |
| Spanish 21 | Dealer stands on soft 17 | 0.40% |
| Dealer hits soft 17 | 0.76% | |
| Ultimate Texas Hold’em | Ante | 2.19% |
| Three Card Poker | Ante & play | 3.37% |
| Pairplus | 7.28% | |
| Video Poker | Jacks or Better | 0.46% |
| Craps | – | 1.36-16.67% |
| Sic-Bo | – | 2.78-33.33% |
RTP
RTP (Return to Player) is a percentage figure that denotes the amount of cash a casino pays back to players in the long run based on the money they have already wagered in games. Basically, the term is the opposite of house edge.
It’s crucial to note that RTP is calculated based on the activity of all casino members playing a game, not just a single gambler. Therefore, 99% does not mean that you will always get $99 back if you wager $100 – the amount may be split among many players or just go to the luckiest one. However, a higher RTP still improves your chances of success, so consider the top 5 slots with the biggest probable payouts:
- Ugga Bugga – 99.07%
- Book of 99 – 99%
- Mega Joker – 99%
- 1429 Uncharted Seas – 98.60%
- Blood Suckers – 98.0%
How Statistics Helps in Online Gambling
Most people play casino games intuitively. However, even a small amount of additional knowledge can make a difference in the gambling experience, helping players get more wins with less investment. To make the most out of it, look through the ways you can use statistics while playing:
- Counting cards: track the relative abundance of low- and high-value cards in a deck when playing blackjack. There are many strategies on how to count cards, and you may find them easily on the web, even in video format.
- Analyzing playing data in slots: track your losses, wins, and playing habits to analyze your performance within a certain period effectively. Make occasional adjustments to your strategy based on the data received.
- Assessing the risks by volatility: low-volatility slots pay out frequent but smaller amounts, while highly volatile machines produce rare but larger wins. That’s how you can measure the risks associated with particular slot titles.
