One area that many new players struggle to wrap their head around when they start to try to learn more about online casinos and the games that are offered is the use of basic probability. Unless you have a solid background in mathematics youve probably felt the same way ? and yet it does help to understand at least some of it.
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At core every game of chance (which means pretty much every game in any online casino) is based on probabilities. However as much as probability can be a vast and complex area to learn about, the basics that you need to understand in online casinos are actually quite simple:
Probability of winning
Essentially this is the probability that you will win a particular game. For example your probability of winning a hand of blackjack may be 50%. Sometimes this type of probability is expressed as a decimal (i.e. 0.50) too, but it really means the same thing.
Essentially this is the probability that you will win a particular game. For example your probability of winning a hand of blackjack may be 50%. Sometimes this type of probability is expressed as a decimal (i.e. 0.50) too, but it really means the same thing. Payout
While technically not a probability, it is often expressed as a ratio. For example a payout of 2:1 means the player receives $2 in winnings for every $1 bet, whereas a payout of 1:2 means a player receives $0.50 for every $1 bet.
While technically not a probability, it is often expressed as a ratio. For example a payout of 2:1 means the player receives $2 in winnings for every $1 bet, whereas a payout of 1:2 means a player receives $0.50 for every $1 bet. Expected outcome
Based on the probability of winning it is possible to arrive at an expected outcome, which is sometimes also known as the payout percentage. It is essentially the amount that you expect to make when playing a particular game in an online casino over the long term. As you can guess it tends to be around 90% or 95%, which is a negative outcome and means that in the long term you would expect to lose 10% or 5% of your money respectively.
Based on the probability of winning it is possible to arrive at an expected outcome, which is sometimes also known as the payout percentage. It is essentially the amount that you expect to make when playing a particular game in an online casino over the long term. As you can guess it tends to be around 90% or 95%, which is a negative outcome and means that in the long term you would expect to lose 10% or 5% of your money respectively. Variable vs. non-variable probability
One other area that you should come to grips with is that some games have variable probabilities ? which means that your odds of winning may increase or decrease based on the actions you take. That is the case with blackjack, roulette, and so on. On the other hand other games such as slots are fixed (i.e. non-variable) and the odds are the same no matter what.
Having a decent understanding of these basic probabilities should help you when you next play at an online casino such as Gclub. If you are interested in the mathematics behind it all you can delve deeper, but that is really all you need to know to be on a solid footing.
