The Secret of Online Gambling Mathematics
  • luck9gamer
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    The Secret of Online Gambling Mathematics

    by luck9gamer » Mon Jun 13, 2022 5:33 am

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    All casino games are configured to give the casino an advantage, which is also referred to as 'house edge'. This plays a crucial role in the gambling world, as casinos are businesses that need to be profitable to be able to operate long-term. The house edge embedded into all casino games allows them to do that.

    Each casino game offers a specific return to player (RTP), which describes the percentage of wagered money that players can expect to get back from the casino in the form of winnings in the long run. The theoretical RTP is almost always (with very specific exceptions) lower than 100%, with the remainder forming the house edge.

    For example, European roulette has an RTP of 97.3% and a house edge of 2.7%. This means that when you wager $100, your statistical expected return is $97.30, and the casino can expect to make $2.70 from your bets in the long run. Of course, your actual winnings for a one-off $100 bet will range from $0 to $3,600, depending on the bet you place and the outcome of the game round.

    The RTP is a long-term statistical value. The results of individual game rounds can vary greatly, but the overall results will get closer and closer to the expected RTP with an increasing number of game rounds.

    Come to online casino forum to discuss more issues about gambling math with online casino players.


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    palumanic
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    Re: The Secret of Online Gambling Mathematics

    by palumanic » Wed Jul 13, 2022 10:49 pm

    I started playing at university. It was 2007. I don't remember exactly who showed me the rules. The combinations there are not hard to remember, that's all. At first we played for seeds, then for shilings. They used to come with handbags with 10-50 pieces of gold in them. After class I went to a music class and found a poker player there too. I got acquainted with him and started hanging out with him. At the time it was like a hobby - I probably even lost... I didn't study much at university, I was always accumulating tails, which I pulled until my third year. Then I went online at 1xbet.mobi login and there I was lucky, because there were no real competitors.
    Last edited by palumanic on Thu Jul 14, 2022 10:18 pm, edited 1 time in total.
  • Bubentruben
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    Re: The Secret of Online Gambling Mathematics

    by Bubentruben » Thu Jul 14, 2022 8:41 am

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    FederikFer
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    Re: The Secret of Online Gambling Mathematics

    by FederikFer » Sat Jul 16, 2022 10:36 am

    As a result of my mathematical analysis using https://divided-by.com it turned out that the winning strategy is not to bet at all!
    My maximum gain is not to lose my money
    In other words, if you play long enough, it's impossible to win. The amount of the reward and the probability of falling fields are selected so that the player has no chance. Yes, you can get a plus for one game, but if you play for a long time, then the math will be against you. And math is not to be trifled with.
    You can say that you do not need to bet on all fields at once - you can try to bet on 5, 4, maybe 3 of the most likely fields. Yes, but there are no such strategies either - if there were, Excel would fill in these fields with numbers other than zero even at the first launch (launch without restrictions). But he left all the numbers 0. If the distance is against you, then there is no winning strategy or way to beat the casino. The only way to beat him is to win once in a plus, and never play again. But this cannot be called a strategy, it's just a pathetic attempt.
    So you can't make money here. If you play, you will lose. And period.

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