Chance is an unreliable thing. Just because there’s a 1% chance that you’ll win, doesn’t mean that this can’t happen 10 times in a row. It likely won’t but there’s no guarantee. Furthermore, just because you have a higher chance to win (a lower house edge), this doesn’t mean that you can’t potentially lose a fortune there.
The problem is that all your games combined represent such a minuscule sample, that virtually anything is possible. Does this mean that casino odds are completely irrelevant? Well, not exactly. You still have a higher chance to get tales during a coin toss than to guess how the dice will roll? Moreover, it’s always good to know what you’re up against. While “Never tell me the odds,” is a fun quote, it’s not the healthiest attitude when it comes to online gambling.
With that in mind and without further ado, here are a couple of the best and the worst casino game odds that you should know of before you go gambling.
The odds of playing blackjack are at 49%, which makes it an ideal game for those who are obsessed with odds. The house edge is just 1%, which makes it as fair as gambling can get. Moreover, you’re playing against a dealer. This is great for several reasons.
A lot of people look at poker and praise it for being skill-based, however, you never know if you’re playing against a hooded poker champion. In other words, although odds seem like they’re in your favor, this isn’t necessarily the case.
In blackjack, you’re just looking to beat the dealer, that’s it. Furthermore, the rules are incredibly simple and all you need is a simple deck. This means that you can practice on your own at home, play against friends for fun (or as an experiment), etc.
Now, while slot machines are amongst the most notorious games in the casino (due to their low odds of winning), however, this doesn’t mean that the situation is hopeless. If you’re looking to find out how to win at slot machines, what you want to do is play for as long as possible. The longer you play, the higher the odds of a payout. Now, remember, when you lose, you lose small but when you win, you win big. Consistency is the key to getting a payout on slots.
Moreover, there are some who accuse slot machines of being rigged. While slot machines are programmed to give out a certain amount, the casino has no way to control when it will happen. Therefore, the programmable nature of slot machines in no way affects you.
When it comes to Craps, your odds are almost 50-50. This is great, seeing as how there’s almost no house edge and it’s all luck-based. Now, while the game itself is quite intimidating for beginners, the truth is that there’s no objective reason why this should be the case. You’re betting on a dice roll, that’s it. It takes a lot less to master the game than you think but no matter how long you play it, the odds will always determine your gains.
Moreover, with a low house edge, it is highly likely that beginners will win, which might motivate them to keep playing. Just keep in mind, this isn’t a game of skill (skill is not involved in any way) and there’s not much of a strategy to it either. However, the game itself is pretty much high-energy, which is what some people are looking for.
Playing roulette is fairly simple and straightforward. There are 38 numbers that you can bet on. All numbers 1-36 are marked as either black or yellow, which allows you to bet on the color, as well. Now, in order to slightly increase the house edge, there is also 0 (and 00 in American casinos). You can also bet on a number range (like 1 to 12), etc.
Now, while we’re still talking about luck, there are quite a few strategies that might give consistent results. We’re talking about Martingale, Reverse Martingale, Labouchere, Fibonacci, etc. Once again, these strategies don’t guarantee that you’ll win. They only ensure that your gains are more consistent. They’re also there to help you retain a sense of control. In a way, this is a mental trick that will help you stay cool if things don’t go your way.
We’ve already mentioned poker and the problem is that odds are nearly impossible to calculate here. First of all, it’s competitive and you’re playing against others. This means that who you’re playing against determines your odds but even then, they’re quite difficult to establish.
Most importantly, poker is all about skill. This means that the longer you play, the better your odds become. This is completely opposite to games like craps, where your odds remain the same regardless of how long you’ve been playing.
Most important of all, poker is all about mindset. It’s about not showing your emotions, bluffing, and staying cool under the most difficult of circumstances. This is a game that has so much finesse that you can dedicate all your life to it without learning everything. However, it’s also so skill-based that there are people who live off it. There are even some who argue that poker is not a game but an actual sport. Either way, when it comes to casino game odds, poker definitely stands out.
In the end, you need to understand two things. First, gambling is a reliable money-making method only for the casino, this is because they approach it as a business idea and fit it into a business model. For an individual, gambling is primarily a means of having fun. As long as you’re having fun (and not spending more than you can spare) you’re doing things right. Still, by choosing games that give you better odds, or those that involve a higher level of skill, you might make your gains more consistent. All of this requires you to know the odds and approach the situation more systematically.