Win money at casino online

Win money at online casino

We will start this article by saying that the House has almost always an advantage when it comes to casino games. We think that gambling is a fun pastime and you should not expect to make money from it. With that said, there are many strategies and different game types which are very interesting to get acquainted with.

Win Money-guide

In this guide we take a look at how to win money, in which games you have the greatest chance of winning money and what the best strategies are. We also find out if there is a safe way to win money and in which gambling sites and online casino games in which you have a chance to win money.

The house always has an advantage

In regular casino games, the house always has an advantage except in such games you play against other players such as Texas Hold'em.

However, over the years there have been some players who have managed to win over the House. This has been done, among other things, by counting cards in Blackjack or by finding defective roulette wheels at land-based casinos.

Today, however, casinos work very hard to prevent such things so the probability of finding an advantage is very small. Later in this article we have nevertheless taken a look at different cases throughout history where players have won over the casino and in which casino games the House has the smallest advantage.

”If the payback percentage is 95%, then the House has an advantage of 5%”

Return-to-player (return-to-player)

The payback percentage shows how much you can expect to get back in the long run per$one wagered.

”If an online slot has a payback percentage of 95%, you get an average of 95 cents back per$ona bet”

If an online slot has a payback percentage of 95%, you get an average of 95 cents back per$one you bet. As you can see, the higher the payback percentage, the more money you have left.

It is worth remembering that these payback percentages are theoretical percentages based on millions of Game rounds . In the short run, therefore, a casino game can deviate quite a bit from these percentages.

The house advantage is instead the exact opposite. If the payback percentage is 95%, then the House has an advantage of 5%.

List of house edge in different casino games:

• Online slots : Between 1% and 5%.
• Black jack : Less than 1%.
• Roulette : European Roulette approximately 2,5%. American Roulette more than 5%.
• Baccarat : About 1%.
• Three Card Poker : Between 2% and 4%.
• Poker : Usually below 1%.

Note: Rules and payout percentages may vary from casino to casino.

Greatest chance to win money

If you are wondering which casino game is the easiest to win money on, you have the greatest chance of winning on the games where the House has the lowest advantage and the player has the highest payback percentage.

Game forms

In Game forms such as regular online slots and table games, you rarely get any winnings that are much larger than your bet. You might get a win of 20-30x the stake every now and then but nothing life changing.

Because of the house edge, it means slowly but surely losing your money. Most players who have in the long run won from casino games have therefore won a million or more on a smaller bet. Take, for example, the lucky few who have won the lottery. It will be very difficult for them to withdraw their millions even if they continue to play for many years.

In this category, we have therefore left out regular online slots and table games to instead take a look at where you can really win big money online. Under a later heading, We also have a list of online slots with the highest payback percentage .

Jackpot Slots

Jackpot slots are basically completely normal online slots but that give the player the opportunity to win a progressive jackpot . These slots often belong to a jackpot network that has many online slots connected to the same jackpot. Some of the bets that players place on these are paid to the jackpot. This means that the jackpot increases and increases until any player manages to win it .

Random winnings of millions of $ onor

In many cases, these progressive jackpots can be up to several million dollars. The problem with these progressive jackpots is that they are triggered completely randomly. As a player, you have no idea when the jackpot will be won.

Probability & chance of winning

The probability of winning a progressive jackpot is also minimal but there are many lucky players who have managed to win one. The largest progressive jackpot ever won at an online casino exceeded$200 million onor.

Texas Hold'em and other poker variants

The great thing about online poker games such as Texas Hold'em and Omaha Hold'em is that you play against other players instead of against the House. These poker games are largely based on skill rather than luck . Whether you win or not casino poker the game depends on whether you are better than your opponents or not.

The amateur who won millions in poker

Stories of poker players who have won millions are far more numerous than most other casino games. One of the really popular stories is the one about the poker player Chris Moneymaker . In 2003, through poker games, he managed to win money, and with only $40 qualify for one of the largest poker tournaments in the world.

At the time, Chris Moneymaker was considered a amateur and beginner in poker games . Against the odds, he actually managed to win the entire tournament after combing home a spot in the big competition.

The spot in the big tournament he won via an online poker game at Pokerstars casino who have long been known for their range of casino poker online. In the big tournament, the win was the biggest poker win ever and Chris Moneymaker won $ 2.5 million. His stake on ca 300$ ($40) gave him a win 70,000 X the money .

The inexperienced poker player not only managed to win a million in the poker tournament with small means, but combed home over$21 million in profit New Zealand dollar.

Had this happened in New Zealand, he could have laughed happily if he had played poker in a New Zealand casino. All casinos in New Zealand are tax free casinos , which means that profits have 0% profit tax .

What$is used to win in poker?

To win a million or more in this way requires skill but also a lot of luck . However, if you learn everything about the game, this may well be the best way to win money online.

Many players also play smaller tournaments and get smaller wins, but as long as you have an advantage against the players you play against, you get a plus in the long run. Since poker can be played online, this can therefore be a great ways to make money from home .

Freerolls poker

If you want to win money for free, there is also an opportunity to do so in these poker games. This can be done with something called freerolls. These are all regular poker tournaments but the poker tournaments are free of purchase fee. In these types of free freeroll poker games there is still a prize pool that is sponsored by the regular poker sites you play on. Thus, it is possible to register for free in the tournament and yet have a chance to win money. There are not many other forms of gambling that allow you to win real money without betting money.

There are several online casinos that offer their own game rooms for playing poker and that offer both poker bonuses and tickets for new players.

A Casino with poker games and tickets:

• Maria casino - Choose from 8 poker tickets, free spins or cash
• 888 - Register in the casino and get money in bonuses to use on poker games
• Unibet - Get money in the casino and try participate in poker tournaments

Lotto

Lotto at the casino is a very fun pastime that many New Zealandr play every week. Sometimes you get a small profit but as with most games of Chance, the House also has an advantage here.

The probability of winning the lottery

What sets lotto apart from most other games is that the main winnings in lotto are almost always very large . If you want to win millions, you can. You are more likely to be struck by lightning, but if you happen to get the biggest profit and you'll probably never have to work again . You will also find it very difficult to manage to gamble away all the money you have won. That said, the Million wins are something the majority of players can only dream of.

Black jack

When you talk about winning black jack it's hard not to talk about Kerry Packer from Australia. He never really had any advantages over the casino but he was known to play very large sums.

"Blackjack is the casino game where the House has the least advantage”

This trillionaire used to go to the casino and sometimes play multi-million dollar on one hand. He probably lost more than he won, but the sums he bet were so large that the casinos were definitely worried about his visit.

While most players bet small amounts and lose small amounts, Packer always visited casinos with millions of dollars. If he then managed to get lucky one evening, he could leave the casino with a sum that undoubtedly left a mark on the casino's cash register for the day. This is still gambling where the House has an advantage and nothing you can make money on in the long run.

"If you play with optimal strategy, the house can have an advantage of as little as 0.13%”

The Godfather of Blackjack

What, on the other hand, is more interesting for players who want to win money at online casinos is the story of the American Edward O. Thorp . He is often called The Godfather of card counting.

In the 1960s, he wrote a book about a system in which counted cards based on a scoring system . This gave the player an advantage because they were given the opportunity to increase their bet when they have a higher chance of winning and lower their bet when the chance of winning is less. Most casinos today are aware of this system and they have taken strict measures to prevent it, such as automatic card shufflers.

New Zealand winners

In New Zealand we have also had some incredible players who were lucky enough to win money easily in blackjack games.
In the casino PlayOJO having over 100 live games, a Gothenburg native won over a quarter of a million in one day . After winning money, the player, a 33-year-old man from Gothenburg, was also able to make a quick withdrawal on his winnings that ended at$ 285,000 thanks to the fact that PlayOJO is a casino with no withdrawal limit, wagering requirements and a casinos with fast withdrawals .

Blackjack & Basic Strategy

One last thing we have to mention about Blackjack is that Blackjack is the casino game where the House has the least advantage .

Depending on the house rules and if you play with optimal strategy, the house can have an advantage of as little as 0.13%. You will still lose money in the long run, but if you want to make your money last as long as possible, blackjack is the right game.

If you want to play according to optimal strategy, you should learn something called Basic Strategy. You can see the basic Strategy table below:

Roulette

Roulette is often associated with different betting strategies such as Martingale. You can read more about this strategy under the heading “different betting strategies”. Here, instead, we take a look at known cases of players who have managed to win money on roulette.

One of the most famous players who have managed to win money on roulette is Richard Jarecki in the 60s and 70s. He claimed that he had developed a comprehensive mathematical system that allowed him to win over the house in the long run. However, this was not at all true. Instead, he watched roulette wheels for thousands of spins to find defective roulette wheels. With this information, he was then able to bet big on some numbers that appeared more often than others. Casinos realized this and they often change their wheels today, but the mechanics behind the roulette wheels have also improved.

The coincidence that doubled the profit

In 2004 he decided Ashley Revell from England to do something drastic. He sold everything he owned, including his house and clothes. Then he went with $ 135,000 to a casino in Las Vegas. His goal was to bet everything on red once. Thus, there were two possible outcomes – either he would double his bet or lose everything.

Fortunately, Revell had luck on his side and managed to double his money, leaving the casino with$270,000, which is the equivalent of almost $ 3 million onor.

His tactic was to try to win big once and never play again. However, this is a very risky venture that absolutely cannot be recommended.

Sports betting

Whether you can win money on sports betting is a very interesting question. Many players believe that they can win money by guess the correct result on sports they follow.

However, this does not really work, but there is a completely different trick to winning money on sports betting. In order to be able to win money in the long run on sports betting, you have to find so-called over-odds.

When a betting site makes its odds, they try to figure out how much chance the different teams have to win. After they have made an informed assessment, they lower the odds a bit. It is precisely this lowering that gives the house an advantage in sports betting.

Winning at over-odds

Sometimes betting sites guess and casinos with odds still wrong and giving too high odds to some outcomes. This is called over-betting and an players who constantly manage to find over-odds have a great chance of winning money in the long run . Nevertheless, it is worth remembering that betting sites are professionals at setting odds and as a player it is very difficult to win money on sports betting.

Overbidding is thus not the easiest way to win money, but since interest in sports is generally high in New Zealand, there are several sports enthusiasts who seek these types of odds games. Seeing if it is possible to win money in their favorite sport with the best odds still attracts many to this type of betting online.

Win money on e-sports

A new way to play with odds is to look at the casinos that offer e-sports. Of eSports betting sites as a player, you can put together your own teams and participate in your own fantasy leagues. These are completely different odds than in the real sports!

Slots with the highest payback percentage

As we told you before, slots will generally eat up your money in the long run. However, they do this to varying degrees and in order to have the greatest chance of winning money on slots online, you should choose a slot with as high a payback percentage as possible. Here you can read about some of the slots in the New Zealand market that have the highest payback percentage and among the best casino games with the greatest chance of winning .

Ugga Bugga-Playtech-99.07%

Slots from Playtech were previously not very common at New Zealand online casinos but it is becoming easier to find them. Ugga Bugga from Playtech is the slot we have found with the highest payback percentage. There are few slots that have a payback percentage of over 99% but Ugga Bugga is one of them. The slot was launched in 2019 and it has a jungle theme. The game format in this online slot is anything but typical and it consists of 6 reels divided into 5 rows which is significantly larger than in most slots.

Mega Joker – NetEnt-99%

Besides Ugga Bugga, Mega Joker is the only online slot we have found with a payback percentage of over 99 percent. This slot has a bit more of a classic layout that includes fruit symbols and 7s. You don't have to expect any advanced bonus features in this slot, but if you want one of the highest payout percentages in the New Zealand market, Mega Joker is a good choice.

1429 Uncharted Seas-Thunderkick-98.6%

Thunderkick was founded in 2012 so it's not a very old game developer. They still manage to impress time and time again with cool slot launches such as Esqueleto Explosivo and Arcader. 1429 Uncharted Seas is a very nicely designed slot where you set out to explore the 7 Seas. The slot includes a really exciting free play mode and also an expanding wild symbol that makes playing more fun. While this slot doesn't have the highest payback percentage on the list, it is one of our absolute favorites.

While these payback percentages apply at most online casinos, it may be good to know that some casinos adjust these numbers to their own needs. It is therefore worthwhile to see what exactly your favorite casino gives for the payback percentage on these slots.

Luck or skill?

Sometimes it can feel like you have an opportunity to influence the outcome of casino games. In some cases it works but in the vast majority of games it doesn't. Some online slots, for example, may be designed so that the player believes that it can affect the possibility of winning money. In online slots, however, it is always a random number generator that determines whether you win money or not.

In many casino games, however, skill also plays a role. We mentioned earlier Blackjack where the player can influence when it takes more cards or stops. Thus, with proper play, one can lower the house edge which undoubtedly requires a certain kind of skill . In Blackjack, the house still has an advantage, which means that you cannot win money in the long run. However, if you play poker against other players, this is possible. Luck certainly plays a role, especially in the short run, but in the long run it is actually possible to win money at poker if you are better than your opponents.

Different betting strategies

So, now we have got acquainted with various games and funny stories about players who have won at casinos. At table games, players like to use different betting strategies. These involve changing your bets depending on the outcome of the games to try to gain an advantage over the House. Unfortunately, these do not help to win over the casino, but it is fun to learn more about how they work.

These systems are most common on roulette bets such as red / black or high/low but can be played on all casino games with bets that give even chances, that is, a bet with almost 50% chance of winning and that pays 1:1.

Martingale

Martingale is undoubtedly the most famous betting strategy mingle with players who play roulette at the casino . This strategy involves always doubling your bet after a losing Game . If you lose$100 onor first, you should bet$200 Onor next time. If you lose$200, you bet$400 instead. This means that you get back your lost bets plus$100 onor if you possibly win.

Although this strategy seems logical, it has some pitfalls. First of all, the house still has an advantage during each bet and will therefore win in the long run. The second problem is that the sums wagered can quickly become very large. If you happen to lose 10 bets in a row, you are already up to a bet of over$50,000 onor. This means betting a whopping$50,000 onor to try and win$100 Onor. It is therefore a very risky system that can quickly go very wrong.

• The most famous strategy for roulette games
• Doubles the BET in case of loss
• High-risk strategy

Reverse Martingale (Paroli System)

Reverse Martingale, or reverse Martingale is a less risky strategy but still a losing one. Here you double your bet when you win instead of when you lose. The idea behind this is that one hopes to get several wins in a row and thus exponentially increase their profits. Let's take the same example as in Martingale but in reverse.

If you win 10 times in a row, the next bet will be over$50,000. If you lose it, you are still only on minus the original bet because these$50,000 onor are derived from winnings. If you use reverse Martingale, it may be good to decide in advance when to stop playing.

• Less risky than standard Martingale strategy
• Double your bet when you win
• If you win 10 times in a row, the next bet will be$50,000

Labouchere System

Nor does the Labouchere System let the player win money in the long run but a fun strategy is that of independence. This strategy is usually used on roulette bets

Labouchere System bets:

• High / low
• Red / black
• Even/odd

In the Labouchere System, you first have to choose a sum you want to win. Let's say in this case we want to win$1000 onor. Then you divide this sum into optional increments and it can look like this, for example:

10 – 20 – 20 – 15 – 15 – 20

You decide what this number sequence looks like!

How to play with Labouchere System

You then start your game by betting the sum of the first and last digits of the sequence of numbers, which in this case is 10+20=30. If you win your bet, the two bet numbers are deducted from the number sequence. If you lose, you add the total number to the end of the sequence. This goes on until you have no numbers left, which means that you have won the predetermined amount.

Alternatively, the game ends when you have lost your entire bankroll. Here, too, the House has an advantage, but it is a fun betting strategy that gives variety to the sums you bet.

Win money with casino bonuses

Another thing that can be interesting for players who want to win money at online casinos is casino bonuses. These are bonuses given to players to attract them to a casino.

Today, there are strict rules regarding casino bonuses on the New Zealand gaming market and gaming companies are only allowed to give one bonus per gaming license, which has contributed to the fact that players often want to be able to find best casino bonuses . In the past, multiple bonuses were common and there were also several different bonus variants that players could take advantage of. Now we will go through what casino bonuses there are today that can help the player win money.

Matched deposit bonuses

Matched deposit bonuses, sometimes also called match bonuses, are arguably the most common form of bonus at online casinos today. These are bonuses that give the player more money to play for on a deposit. A common example is, for example, that as a player you get 100% extra on a deposit of$100 onor. This means that you will have$200 onor to play for instead of$100 Onor.

"Today, some bonuses are even completely wager-free, which means that you basically get free money”

In order to increase their chance of winning money with this kind of bonus, the player should keep an eye on the terms of the bonus. These bonuses mostly have so-called wagering requirements. This means that the bonus amount must be wagered a certain number of times before the money can be withdrawn.

Free bonus

Previously, when a casino could provide many bonuses, there was a greater risk of bonus abuse. Therefore, casinos had wagering requirements of up to 50 times the bonus amount or sometimes even more. Today, New Zealand casinos are only allowed to give a bonus of$100 onor which reduces the damage to a casino if a player tries to abuse a bonus. As a result, wagering requirements today are generally much lower. Today, some bonuses are even completely turnover-free, which means that you basically get free money when it comes to just casino bonuses without wagering requirements .

Although we have wagering requirements, they can be as low as 1x the bonus amount. Technically, you should be able to make money for free in this way because even if the House has an advantage of 1-5%, this free bonus money means that the player has a great chance of winning. You have a positive expected value, but this is provided that you stop playing after you have met the wagering requirements.

Free spins

Free spins , or freespins, is another common type of casino bonus that you can find at a lot of casinos online. These are obtained when making a deposit and the minimum deposit that qualifies for free spins varies from casino to casino. After you have deposited your money, you just need to open the slot for the free spins and start spinning.

Spins are valid in different games

Which slot you get your free spins in varies from casino to casino but Fire Joker from Yggdrasil and Starburst from NetEnt are common options. In some cases, the free spins are divided into several different days and you can, for example, get 50 spins during Day 1 and another 50 spins during Day 2. The winnings from the free spins usually need to be wagered a certain number of times before you can withdraw them.

Casinos that offer free spins in Starburst and the New Starburst:

Free money

Free money has become less common since the new gambling law entered into$aft. Previously, there were casinos that gave new players a certain amount of money when they registered an account. Often these bonuses were very small and as a player you could get 50 or 100 dollar in free money. You then had to wager any winnings a certain number of times and if you were lucky, you could still have some money left when the wagering requirements were met.

The positives of this type of no Deposit bonus is that as a player you do not have to deposit any money yourself so regardless of whether you win or not, you can have fun without risking any loss. At the same time, you get to try a casino's game selection and see if it is a place you want to play.

Casino money without deposit at casino

Casino school: Casino strategy

Once you have mastered the puzzle of the casino bonus, the next step is to think about general casino strategy. Casino school helps you set up your gambling in a smarter and more efficient way.

If you are already a customer of an online casino and feel comfortable with Money Management, Promotions and the like, you can probably skip to some later course. But if you're new to online casinos and feel like a little help getting started, this is the course for you.

To some extent it is about old Honest common sense when playing casino online or in mobile, but there are also points that may not be as obvious. If you're already comfortable with online casino gaming and have been at it for a while, you may not need this guide. However, if you are a little fresher in the field and a new player and want a kick in the right direction, we think you will find some good info here.

What we will not go through in this section is strategy for specific casino games . These we have already listed earlier in this article. Now we get started and build up a stable General casino strategy.

Choosing the right casino

If you have already read our previous course, you may have already decided on a casino. Need to refresh your knowledge$ing casino bonuses you can follow the link and read more.

Here we are going to partially disregard the casino bonus. Partly because we think that all our recommended casinos have really good bonus offers, and partly because we have already dealt with bonuses in the first course. What we will focus on here is finding a casino that suits your needs – something that is as important as any bonus!

Checklist for choosing an online casino

Finding a casino that suits your needs is an important part of your casino strategy. Let's keep it simple and go through the Points you should be aware of before choosing which side you want to play on. We take them one by one:

What do you want to play?
A seemingly simple point that, however, is important to think through. Not all casinos are equally good in all areas. Some bet on pure casino gaming – that is, only slots, table games, video poker and the like. Others, in addition to casino games, also offer odds and/or poker. What is most important to you? In all our reviews, we review and comment on the game selection.

What is the reputation of the casino?
Before you start an account at a new casino, you should always check what others have to say about it. There are plenty of serious online casinos out there, but also a lot of less reputable players. If you want help along the way, we can vouch for the fact that all the online casinos we recommend are recognized, established and professional.

Does the welcome bonus suit you?
Different casinos have different bonuses, and it is not possible to say which ones are ”best” in general. Think about what budget you have and how much you want to collect as a bonus. Some casinos, for example, offer 100% up to$5000 onor. If you have 5000 bucks to spare, it is a really good bonus, but if you have a leaner budget, you should perhaps look at a casino with a higher matching percentage and a little lower maximum amount.

Does the casino have good, clear terms and support?
A clear warning sign is if an online casino hides its terms and conditions unreasonably. It may take a few minutes to find what you are looking for. However, if you are looking and looking without finding the terms and conditions of such things as bonuses and withdrawals, we advise you against that casino. The same goes for the support – is it easy to get hold of, and are the opening hours okay? In our reviews, we always comment on the terms and support – on the one hand their reasonableness (mainly wagering requirements), and on the other hand how visible they are.

Are the profits tax-free?
This is a point many people skip, simply because they do not consider that casino winnings can be taxable. Where is the casino registered? If it is within the EU, that is a good sign. Online casinos may not be operated from New Zealand, but thanks to EU legislation, We New Zealandr can play at online casinos as long as they are operated within the EU (and also some other countries). Most of the serious online casinos operated from Malta. Then all profits should also be tax-free. We always comment on this in our reviews.

Use bonuses and promotions smartly

A smart use of bonuses and promotions can make the difference between good and bad casino strategy. The casino bonus we have already gone into, and actually it is not as interesting as the ongoing promotions in the long run. A welcome bonus is only available as a new player-however, promotions can be used at any time. A good general casino strategy involves keeping your eyes open and taking advantage of offers to the max!

Budget-the backbone of casino strategy

We don't want to be too dry and boring, but there's no getting away from the fact that the absolute most important thing is your ability to put up and stick to a budget. Casino games $by definition$ing etches randomness. In short, you can never count coldly on winning.

When setting a budget, think about how much you can afford to get rid of. Count the money already lost. Can you afford to get rid of a 1000-note this month, without it causing problems? If yes: drive hard! In the worst case you have to do without it – in the best case you end up with a really nice profit.

We don't want to paint the fuck on the wall or be unnecessarily pessimistic – it's simply about finding a way to play that works in the long run. It should be fun to play, and if you notice that it is not, you should think about stepping down. The Million-Dollar winnings will remain next month, and the next after that.

If you have trouble sticking to your budget, you can set a monthly limit for your gambling at almost all casinos. Contact support and they will help you.

Casino school: probabilities & pitfalls

You may not think about it when you play, but casino games are really nothing more than a series of more or less random outcomes. And they can be counted on.

In some games it is possible to find patterns and play with optimal strategy, while others are completely random. This is the course for those who have a deeper interest in what goes on behind the scenes. Calm - this is not Chalmers or KTH – this is the casino school and here we do not nerd down more than we have to to give a good overview.

Gambler's fallacy or gambler's fallacy

The player's fallacy is a classic concept in logic, and a good example of how our human brains play tricks with our decision-making processes. We humans are made to find patterns in everything around us, and usually it works well. However, in some cases, we actually find patterns where there are none, or interpret them incorrectly.

Player's fallacy- $ ona or Klava?

The player's fallacy is, in short, the misconception that just because a certain event happened more often than usual for a period, it will happen less often in the future. Let's take a concrete and simple example: coin flipping. Crown or clave. Say you're singling pennies in three rounds. The first time, it will be$ona. The second time it will also be$ona. The third time, it should still be time for Klava, right?

In fact, of course, there is still a 50% chance that it will be$ona. After all, the coin does not know what has happened before. Every coin toss is independent of previous rounds .

Another example:

Say we are going to single coin until one of the following sequences has occurred: 1)$ona, clave,$ona, clave,$ona or 2) krona,$ona,$ona,$Ona, $ Ona. Your task is to bet on which of the sequences will come first. What do you choose? Many would certainly bet their pennies on the first option. With a little high school math, however, you can figure out that both outcomes are exactly the same likely. The chance that it will be$ona is 1/2, as is the chance that it will be clave. Let's set up the two options:

No matter what combination of 5 outcomes you imagine, it looks the same. The coin has no memory – each singling is completely independent from the rest!

The law of great numbers

A good way to think$ing the probability of random outcomes is ”the law of large numbers”. For a random outcome such as coin tossing, there is an expected average over time. In the case of coin tossing, this is 1/2 (50%) for$ona and clave, respectively. If you flip a coin 1,000 times, you can expect it to be$ona in about 50% of cases and clave in about 50% of cases.

However, there is no saying that it will be$ona exactly 500 times and Klava exactly 500 times. And you can't say anything about the individual case either. Just because it has been $ ona 550 times and clave 450 times, it is no more likely that the next outcome will be clave.

The speech of the Great laws roughly says that”it evens out sooner or later." The more times you flip a coin, the closer to exactly 50/50 the distribution of$ona and Klava will end up.

Attention! Some players misinterpret the law of large numbers as follows: ”if I flip a coin and get$ona unexpectedly many times, it will be clave more times in the future to balance the distribution”. For random outcomes (such as coin tossing), each round is independent of the previous ones. This misunderstanding is very tightly connected to the player's fallacy that we described above, and shows how our brains can play tricks on us.

Probabilities and casino games

Now we have spent a lot of time discussing coin flipping. But what the hell does that have to do with casino games? Quite a lot, actually. In fact, most casino games are pretty much advanced variants of coin flipping. One can divide casino games into two camps: those that are completely chance-based, and those that involve both Chance and skill.

The first camp-the completely random casino games-has a lot in common with coin flipping in several ways. Let's take roulette as an example. Say you bet on red. Since there are 37 slots on a roulette wheel, 18 of which are red, it can be calculated that the probability of it turning red is 48.65%. The probability that it will turn black is exactly the same. Unlike in coin flipping, there is a third possibility here: the zero (green). The probability of a 0 is 2.7%.

Apart from the fact that there are three possible outcomes (red, black or green), roulette works exactly the same as in the examples above with the country of the coin. The fact that you get red once does not mean that it will be less likely with red during the next spin, and so on. The same principle applies to all random casino games.

Mere coincidence	Chance + skill
Roulette	Black jack
Baccarat	Poker
Craps	Poker (including casino poker)
Slots/slot machines
Bingo And Keno

Probability and House advantage in games of chance

Ok, so we've now taken a closer look at how random outcomes actually work over time as well as some common misconceptions. We have discussed coin tossing and run an example with roulette. Hopefully you have a picture of where we are heading.

Our point is that for many casino games it is possible to count on the probability of every conceivable outcome. This is important, because it allows us to distinguish between a good bet and a worse bet. Fortunately, there is no need to sit and count on probabilities and expected payoff for different bets, as it has already been done for us. All major casino games have been analyzed to the smallest detail by people far smarter than the undersigned – something to be thankful for!

When it comes to finding out how good a particular bet in a given casino game is, you need to keep track of two things: 1) the probability of the specific outcome, and 2) the payout in case of a win. If you know this, you can determine whether the bet is worth making or a so-called ”sucker bet”. For your convenience, we have compiled the bets in different casino games that will give you the maximum chance of winning. Please note here that we stick to completely random games.

Summary

We've mentioned it several times in this article but it's worth repeating – in the long run, you can't expect to win money gambling online. As we have gone through, there are there many different strategies and systems that make gambling more fun . Some of these also give the player a greater chance of winning or reduce the advantage that the House has. It is therefore fun to learn them to make their gaming experience more entertaining. If you want to try to win millions, you should probably do something else instead of playing for money, but with that said, it is a very fun pastime that millions of players around the world appreciate.

So that you do not fall into any pitfalls, the recommendation is simply that you read up on the type of game you are interested in in order to be as prepared as possible.

Good luck!