All businesses have secrets. Restaurants guard their recipes, movie companies hide the shoots from the media, and technology companies patent their inventions before releasing the devices to the general public. Online casinos like Casinos-top-online.co.uk have secrets, too.
Together, we will explore these secrets and see how we can best take advantage of this knowledge.
Secret 1: All Games Are Favoured Toward the House
No, the games are not rigged. But there is a reason there is a saying that you cannot beat the house.
You see, a casino is a business, whether it is online or land-based. For a business to thrive, it has to make money. The only way an online gambling operator can do this is to guarantee that the games are designed to yield results in their favour.
So how is this done?
It is done through what is called a House Edge. This is the percentage of money that the house keeps for every wager you place, whether you win or you lose. In the long term, the house wins all the time.
Think of a coin that has two sides. If you choose a side against another player and flip it, with a wager of £1, only one player will win.
You lose £1; the other player gets £1. This kind of set-up does not exist in a gambling facility because it is a zero-sum game. If the casino flips the coin, then it will not earn money because it took £1 from you and gave it to the winner.
The way an online casino will design the game is to either make an adjustment in the payout or reduce your odds of winning.
So in a flip coin, the casino will take your £1 and the other player’s £1. Now, the casino has £2. Only one player will win.
Let us say that you won. You will receive £0.90 for your prize, plus the original £1 that you bet. So where did the £0.10 go? It went to the casino. This is the house edge—10% of a bet.
Now, since this payout ratio is not attractive, many online casinos do not use this approach. Instead, they reduce your odds. The flip coin will not be flip coin anymore. Instead, you have to choose one out of three options: A, B, and C.
And the payout is going to be 1:1. Which means you will win £1 for a bet of £1. Now, you will not bet on two options, because that means you will wager £2 and only take him £2 if you hit the right one. It just puts you at a breakeven status, with a 66% chance of hitting. But if you lose, the casino takes your £2.
If two players wagered £1 each, and the third choice was the one that popped up, the casino takes £2 for profit. If one won, the casino does not lose money, as it only took the loser’s bet and paid the winner.
Now, imagine what happens if you increase the player count and the bet sizes. And imagine this principle being applied to roulette. Sure, you can get lucky, but the casino wins in the end.
Secret 2: Slots Are Designed with Different Volatility
To a novice, all slot games are the same—they have reels that spin and there is a myriad of pay lines and symbols.
The secret that casinos do not tell you is that not all slot machines have equal chances of winning. This has something to do with how the pay lines are designed, and the number of symbols that exist in the game.
For simplicity’s sake, let us take a three-reel, one-pay line, five-symbol slot machine.
On each reel, there are five symbols. Your odds of landing a symbol, like cherry, is one out of five, which is 20%
The same applies on reel 2 and reel 3. What this means is that your overall odds of landing three same symbols on the three reels are 20% X 20% X 20% = 0.80%. For every 100 spins, it is likely that you land one hit.
Some people would say that you have to divide one symbol by 15 symbols, which will give you a 6.67% chance. This calculation is wrong because you have to land three symbols, not one.
Now, can you imagine what happens to your probability of winning if the slot has five reels, three rows, and at least eight symbols with wilds and scatters?
This is the reason online casinos can afford to give you a massive jackpot of 5,000x or 10,000x your line bet. Every spin gives the gambling operator more than a 99% chance to get your money.
Now, do not think that online casinos are rigged. All the results are random, and your only chance to win big has something to do with luck. Now that you know the secret, use this knowledge to assess games carefully, and make sure that you have better odds.
