Is it true that the house always win or there is a chance to win at online casinos?
Gambling is a dangerous business as the whole idea is that you are risking something valuable that you have on an outcome that is fundamentally unpredictable.
You can do so in traditional land-based casinos or online casinos knowing that the risk is higher for you compared with the house as they are only offering games where the casino has the odds in their favour. Having said that, regulators and in some cases even laws have been created so that gambling companies are not altering the conditions of casino games to get an unfair advantage. You should always be able to read the terms and conditions that regulate the games and also be aware in advance of the statistical chances of winning that you have.
But should you take the offer and try your luck?
We have asked the question to CasinoBiggestBonus expert Ethan Rowe who said: 'There are a couple of things that you need to realise before you can start improving your opportunities of winning while gambling. Firstly you have, in most of the cases, the chances of changing the outcome of a gambling game. Secondly, you will in most cases end up confusing yourself if you attempt to do so. Those two mistakes are the main reasons why casinos have healthy profits every single year.'
But how can you change the outcome in a casino game?
'Lots of casino games encourage players to modify the odds and even the percentages chances of succeeding. Below are some examples of those:
Let's say you are playing at a slot machine and you win after a spin. You will notice that a special button called 'Gamble' will pop up. The casino is offering you to have another game using the money you have just won to fund your new wager. This is appealing as you have the chance of winning more but it also means that you have a risk of losing what you have gained in a game where the house has once again the statistical advantage.
The majority of slots, for example, have an average return to player of around 75%. All slots games that were created after 2010 have a significantly better average return of approximately 90%. It is important not to get confused when looking at RTP: this is a statistical estimate of how much money will be given back to players who bet on the reels continually for a period of a number of years. For this reason, it is not giving you an estimate of how money you will win or lose in your session. You have to take this as a statistical measurement that tells how friendly is the casino game to punters.
For example, the RTP in a coin toss is around 50%. Now, let's, for example, assume you have gambled £5 in a slot game and managed to win £10. You have doubled your bankroll. Then the 'Gamble' button we were talking about will activate tempting you to take the £10 and bet it on a 50/50 chance (ie. coin toss). Although you have the opportunity to double your winnings, by pressing the 'Gamble' button, you will mainly increase the statistical chances of the casino winning the next bet.
Another example we have to explain this concept is on blackjack. If the dealer is offering you insurance, experts are suggesting you not to take it. This is because you are basically betting that you will lose your regular bet. The chances that the dealer has a blackjack are much worse compared with the ones that you have to defeat the dealer with your original bet.
So, in conclusion, you will see that casinos are offering you opportunities to change your bets at their own advantage. If you want to have a higher chance of winning at gambling, do not take the deal after door number 2. Stick to your first bet and always keep it consistent.
How can you confuse yourself at gambling games?
'Let's take blackjack for example. Theoretically, this is the game where the house has the lower edge, yet players make lots of mistakes when playing blackjack while the blackjack dealer doesn't have to make any decisions at all. It is the player that is left with making decisions, and yet it is the house that comes up on top. The reason for this is that the casinos are making profits from players errors.
One of the biggest mistakes players makes while gambling is to confuse the probability of winning with the average return to the player. While the likelihood of winning is based on the next round, the average return to player is merely an estimate of what players of a specific game can collectively win back over the life of that game (or a large number of rounds in the game). In the average return to player the idea that the more rounds are played and the more the actual result will get closer to the RTP.
But effectively what are the chances of you having a blackjack on the next round and generally what are the odds of the dealer being defeated by you in the next deal? Those probabilities are based on how many cards are still left taking away the ones that have been played already. Those probabilities tend to change as more cards are played but very rarely they will match with the theoretical return to the player.
One of the biggest mistakes for players is assuming that the house only has a 2.5% chance of winning in the next round. The house edge, in this case, it is irrelevant if considered in the individual round. When you are gambling, it is interesting to know how much profit the house is expected to make in the next 30 days but it will not be helpful to know much you are going to win or lose in the upcoming 10 deals.
The conclusion is quite simple: don't venture yourself doing the math like if you are an expert as random chance will always prove the experts to be wrong.'
OK, what are the things to do to increase the chances of winning from gambling?
Stop second-guessing yourself - the odds will always be against you over a long time, but if you play consistently, you will avoid increasing the house margin by making mistakes.
Take less possible risks - positive thinking doesn't work well usually when you are gambling. Risk less even if that means winning less per round: you should manage your money so that you can play more times rather than going big stakes.
Don't try to win bit - gambling is fun especially when you hit a massive jackpot or get long odds. Going for a bit win is one of the worse ways of gambling. You need to adjust your bets and keep them proportionate to your bankroll.
Use Casino Bonus Money as much as possible - it will increase your chances of winning as it will allow you to play more hands and reducing the risks overall.
Stick to Traditional Games - the casino is profiting from you making mistakes and dumb bets. You should be stick to less complicated games to increase your chances of winning.
Play low variance games
Only Gamble money you can afford to lose and stop when your bankroll is over - never chase your losses.