ONLINE CASINOS AND ODDS EXPLAINED

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May 2013

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18/01/2010

Many people tend to get skittish about gambling. Some consider it to be throwing money away on games of pure chance, while others think casino games are rigged. Whatever your stance may be, it’s important to reserve your judgments until you’ve got a handle on the bigger picture. The fact is that with a firm grasp of certain concepts, anyone can successfully navigate an online casino.

First, gambling never has to be an “all-or-nothing” venture. Sure, you can walk away with nothing or walk away with a whole lot more than you started with, but most of the time you’ll fall somewhere in the middle. Remember, even if you have a surefire strategy or know something most players don’t, you can always expect to lose at least part of the time. The only way of avoiding a big loss is to make sure your bankroll is large enough to back your bets.

Which brings us to another temptation that tends to lead people off the deep end: spending more than you can afford. Almost every gambler has considered doing this once or twice but successful gamblers realize that wagering their life savings will only put them in a serious hole.

As for odds, the great part about gambling online is that any casino worth its salt will proudly display its "odds of a payout." These statistical odds are periodically calculated by third-party auditors to give you an accurate idea of how generous a casino's games are. Most good casinos will have their games set at somewhere upward of a 90% payout rate. It’s vital that you shop around before selecting a casino, so you can find the best return on your deposit.

Other than choosing a casino with high payout rates, your best shot at gaining an edge, both online and off, is to study each game’s math. There are plenty of places on the Internet, including PlayingExpert.com, where you can go over betting charts, game strategies and systems until you’re comfortable trying them.

Finally, remember that superstitious betting is a surefire way to put yourself in a hole. Most gamblers, even logical ones, have a tendency to think their favorite colors, “lucky” numbers or spouses’ birthdays are blessed by Lady Luck. The truth is that none of the games in a casino are smart enough to recognize why you’re playing or what you’re playing; they're machines--they don't care!

The best way to enjoy casino games is to approach them with an understanding of how they work. The fact of the matter is that no bet is a sure thing, and you will always have a chance of losing. However, you can usually increase your chances of winning by choosing bets that minimize your risk and make your bankroll last.

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