Before diving into the statistical probabilities of online gambling games, have to share the word with you on what they are. You've probably heard the saying; 'the house always wins'. This saying simply refers to the home advantage of the gambling website. Also referred to as the home edge, this refers to the average percentage of profits that the gambling website earns from a single player's bet. In layman's terms, this means that the gambling website makes its profit from every single bet.
As you may not know, the home advantage of an online casino is considered to be twenty times larger than what a traditional brick and mortar casino get from each bet made. The reason behind this astounding fact is simple. An online casino can afford to pay out a larger amount of money because there are no taxes due to it. The home based online casino does not have that luxury.
One way for the online casino to ensure that it has a high amount of 'payout', is by employing various kinds of strategies. Most of these strategies are used in the offline casinos as well, but the main difference is that the casino in the internet does not hire people to do it for them. It is done by software that generates different betting patterns based on the 'known' winning patterns of other games. When we refer to 'known' game patterns, we mean the patterns which have been incorporated over the years by the experts in the field of gambling. The software then applies this to form new betting patterns and these patterns are used to generate different kinds of casino offers.
You may be asking why an online casino would want to resort to this kind of complex mathematics and strategy. The simple answer to that is, so that they can give their customers an un-fair advantage. The online casino can afford to do that since there are no taxes that need to be paid to them or to their government. In other words, they are not legally obligated to give you a chance. They can just as easily cheat you and pocket all your winnings.
One example of online Gambling Games which require sophisticated mathematical strategies include roulette and baccarat. Online casinos would usually offer these games at attractive rates since the government provides generous tax breaks for them. Since they cannot physically touch or even feel the money, it is easy for them to calculate the odds and the payouts. This is an aspect that makes these games appealing to online gamblers. Their knowledge of probability coupled with their expertise at calculations which lead to accurate predictions about upcoming events can make them rich quick.
There are also other types of gambling games that are available online for play from the comfort of your living room. These include keno, lotto, and slots. Online casinos offer these games for free and charge you a one time membership fee, which is less than the cost of one of the best live casinos. You should not think that because they are free, they are below standard. In fact, the only thing lacking when playing in an online casino is your anonymity which is afforded by these virtual games.
No comments:
Post a Comment