The likelihood of earning money is quite possibly one of the major worries expressed by those who gamble online. The majority of them think that this kind of gaming would never succeed. Most often, users of online casinos are unsure about their ability to trust these platforms. They question their impartiality and frequently believe that online casinos are rigged. This article attempts to investigate whether such suspicions are justified and if online gambling is just a matter of blind luck or if a good strategy can actually help.
As long as you’re dealing with a legitimate online casino, then we can assure you that the games are just as fair as the games at The Bellagio or The Venetian. In the context of casino gaming, “fair” is synonymous to random and uncontrolled. Basically, if the game is not rigged by the operator and the results are truly arbitrary, then it’s considered as fair.
The fact that the house edge is always higher than the player’s chances of winning is a universal constant with all casinos and their games, whether the setting is land-based or online. You could say this makes the games unfair, but this is the underlying business principle that all casinos use to turn over profits. If they didn’t have a slight advantage over players, it would simply be a terrible and pointless business model – one that could go south, real quick!
However, the extent to which the house has the advantage can vary from one game to another. For instance, a low RTP slot could be much more advantageous to the house than a game of blackjack, especially if the player is well versed with basic blackjack strategies. We’ll look into concepts like RTP and Volatility later. But first and foremost, you need to know how to choose a fair and legitimate online casino.
When it comes to online casinos, license and reputation is everything. Before you sign up with a casino and deposit even a penny, it’s highly recommended that you ensure the casino is licensed by a reputable online gambling regulatory commission. Some of the most reputed online gambling regulatory bodies in the world that issue online casino operator licenses are the United Kingdom Gambling Commission, the Malta Gaming Authority and the Curacao eGaming Commission. There are several more as well.
As long as the casino holds a valid online casino license, you can be certain that the games you’re playing have been tested and certified by auditors for being fair and true to their published RTP /payout ratio. Meaning, if the casino says the game has an RTP of 95% then the RTP really is 95% and not any lesser.
Apart from making sure the casino holds a valid license, you should also read all the reviews you can. Make sure to choose third-party websites not affiliated with the casino in question, otherwise it won’t be an unbiased overview of the operator. By doing so, if there any red flags about the casino (such as unfairly refusing to payout winnings) then you’ll be aware of it and can avoid the casino altogether.
Statistically speaking, a casino game’s outcome will always be in favor of the house. Yet, if you grasp the concept of the two essential elements that govern the frequency of wins and their value in whichever game you’re playing, you can surprisingly better your chances of winning. These two elements are RTP and Volatility. These are particularly important when playing a slot game.
Return to Player or RTP is a number which is expressed as a percentage and it tells you how much of the money wagered on the game is paid back to the players over time. For example, if the RTP of a slot machine is 96%, it means that for every $100 wagered on the slot, 96 is paid back to players and $4 is pocketed by the house. Needless to say, from the player’s point of view, a slot with a higher RTP signifies a better chance of winning than a slot with a lower RTP.
Unlike RTP, the concept of volatility isn’t all that straightforward. When you have two options – a high RTP and a low RTP slot, the choice is obvious. But when you have a high volatility versus low volatility slot, one isn’t unequivocally better than the other. High volatility basically means the slot is risky and the slot rarely pays, on the flipside, when it does pay, the payout tends to be impressive. A low volatility slot, on the other hand, is one where wins come consistently, but the winnings are pretty modest sums of money.
Slot machines are purely luck-based games. The only “strategy” you can apply to a slot game is being mindful with your choice of slot. You can choose a high RTP slot and choose a slot with volatility that matches your game play preference.
If you really want the best odds of winning, you want to choose casino games like Blackjack, Baccarat, Craps and Roulette where the house edge is as low as it gets. However, if you really want to excel at such games, you need to unpack the math behind the games, learn all the best strategies and then you could even put the house at a mathematical disadvantage.
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