All forms of gambling work on absolute probabilities that rely on the total possible outcomes in every event. Casino games play under three main principles – definitive probability, expected value, and volatility index.
Online casinos use math to calculate odds, house edge, or winning probabilities. If you want to win more, you should also learn to use math the best way you can. Experienced online gamblers use math to win in different ways.
Calculating the house edge
When playing online casino for real money, understanding house edge math is essential in winning. It is what will help you compare different casino games and the winning chances you have.
You should focus more on casinos with a lower house edge than those with a higher house edge. This is the cut a casino gets from your bet. For example, if the house edge is 10% and you bet $100, the casino will get $10 as profit. If you find another casino with a 3% house edge, it will get $3 from your $100 bet.
Calculating your return to player margin
Your return to player margin is the opposite of house edge. After deducting the house edge, what remains is your RTP. For example, if you get a casino with a house edge of 10% and you place a bet of $200, the casino will get $20. Deduct $20 from $200, and you will get $180 as your RTP.
The math of cards
Your next thing is mastering the math of cards before you play at the card’s tables. Usually, one deck of cards has 52 cards. The 52 cards are divided into 4 suits, namely the diamonds, spades, hearts, and clubs. Each suite has 13 cards that run from ace to king. Each suite has 1 type of card, meaning out of the 52, there will 4 cards that are similar. For each card you play, know you have 3 more left. Out of 52 cards, your probability of drawing a certain type randomly is 0.25%.
The math of odds
If you are planning to bet expecting to win money to buy a car, you should understand the math of odds well. The math of odds is the math of probability. For example, if you get an odd written as 4/1 you can write it as 4:1. This means, for every $1 you bet, your win will be $4 plus $1. If the odd is shown as ¼, you can write it as 1:4. It means for every $4 you bet, you will get $1 plus $4.