How to Calculate the Odds at Casino Gambling Online – You Do the Math
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by: safestbet
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Online casinos, do not have pricey overhead expenses. Casino Gambling online establishments are able to pass these savings on to their customers. For this reason, online casinos offer payout rates that are considerably higher than those offered at brick and mortar casinos in Las Vegas- or anywhere else in the good old USA. Casino Gambling online payout rates are compiled on a monthly basis by the Online Players Association (OPA), an internet casino players’ advocacy group. It’s kind of ironic really. Everyone (at least the lawmakers) talk about these rouge casinos that don’t payout. The online casino industry is self policing. And it does a really good job. Online casinos are put through more scrutiny than land casinos. It’s not that land casinos might cheat - they don’t have to. They are legally allowed to set the payout of their slots to 80%. Casino Gambling online establishments have payouts that range from 96 to over 100% You need to be clever to get the 100+% payouts, but it’s doable. Payouts at Tribal Casinos Strange as it sounds, tribes do not have to report publicly their profit or what is paid out to patrons. In six years, casino-style gambling on Indian land in California has grown to a $7 billion-a-year industry, according to the Indian Gaming Industry Report. So it pays to ensure that customers think they have a fair shot at winning. Here’s the payouts of slot machines at land casinos (courtesy of www.lasvegasinsider.com). For comparison, online casinos have payouts around 98%. Can You win at Casino Gambling online? In this article, I present a basic overview of how to calculate the odds that are given to Casino Gambling online players. I use the casino bonuses in this article. This inclusion of the bonuses is because if you’re Casino Gambling online (why did you search for that phrase again?) you’re going to be on the receiving end of some pretty hefty bonuses. The basic formula is this: Amount wagered * (payout-100 %)/100 = amount won. The “amount wagered” is the total amount you bet. If you bet $20 five times, the “amount wagered” is $100. The Casino Gambling online payout precentage is the average amount of cash you’ll get back if you wager $100. The payout % is commonly referred to as the odds. If the payout is 98% and you wager $100 (all your money), you’ll most likely be left with $98. If you have $1000 and you wager $200, you’ll probably be left with $996. The “amount lost” is pretty straightforward. If you can’t figure this out, you shouldn’t be a Casino Gambling online player. If you are a Casino Gambling online player given a sign up bonus: payout percent = 100*free cash/amount wagered + old payout percent. A typical example is a free $50 if you deposit $50 and wager a total of $200. Assuming you’re playing something like Blackjack, you should be able to get a basic payout % of 98%. Plugging these numbers into the first formula, we get. In this case, the new Casino Gambling online payout percent is: 100*50/200+98 = 123% How much would you win in the above scenario? Amount won = amount wagered * (payout-100 %)/100 = 200 * (123-100)/100 = $46. So what does this mean? I must apologize for the math. Basically, the blurb above says that if you download commodore casino software, register the software and make a $200 deposit, you’ll end up winning 46 bucks. All in all, not a bad way to pick up some extra money! It’s not very often that you can go to a casino and have the odds in your favor. Opportunities like this need to be taken advantage of while they exist. |
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