Casino Games Online – Rules, Guides & Tips Based on the Probability Theory
Casino Games have fascinated humankind for centuries, regardless of education, gender, or social status. The motives for gambling can vary: a vision of easy profit, passion, or just entertainment, which (usually) comes at a cost. However, there is no doubt that Gambling Games are truly remarkable.
On this website, you will find detailed rules for various casinos, or generally, gambling games, advantageous and disadvantageous wagers, recommendations, systems & strategies to improve your winning chances. The recommendations and evaluations of wagers are based on true mathematical odds and probability theory and aim to help players win or eliminate unnecessary losses.
Indeed, gamblers helped bring into being the mathematical and statistical discipline – the theory of probability. They were naturally interested in their winning chances when gambling. One of the most famous probability stories is connected with a passionate gambler, Chevalier de Mere, dating back to the year 1654.
Great emphasis has been put mainly on Roulette – the Queen of casino games, Craps – the most famous dice game, and Poker – the great game of skill, and its two classic forms, Poker Draw and 5-Card Stud.
However, there are also more popular Poker games such as 7-Card Stud or the absolutely phenomenal Texas Hold'em. The popularity of Poker is proven by the rising number of Poker tournaments held worldwide.
If you're seeking another game that involves both luck and skill, Backgammon is a great choice, and our guide is easily understood, even for beginners. The slots and lotteries such as Keno deserve to be on this website too.
The overwhelming majority of casino games (or gambling games generally) give the house a specific advantage (edge). However, Black Jack could be named as a bright exception since a player can turn the advantage in his or her favor by playing referred to as Perfect Black Jack.
The probability theory is crucial to arrive at the true mathematically calculated odds, as the house advantage results from the difference between the true odds and those paid out by the house.
Let us take a brief look at Roulette as an example. There are 37 numbers in the French version (38 numbers in American Roulette) – 18 red, 18 black, and a green zero. If you bet on a single number (Straight), then the probability to win is 1/37, while the odds against you are 36:1.
In other words, there are 36 out of 37 possibilities to lose. The payout of the straight bet is 35:1 only. That gives the house edge 2.7%, which can also be marked as a long-term profit or a share. Please note that the edge is lower in the case of even-money bets – 1.35% only.
Can You Beat a Casino?
You may say that the 2.7%-edge is not too bad, and perhaps you are right. Sure, casinos must make a profit for their subsistence, and you have to decide on your own whether the edge is acceptable for you or not. However, there is plenty of gambling or casino games that bring plenty of bets, which are more or less (dis)advantageous. This just underlines the importance of the knowledge of the true mathematical odds.
The best bets for players are those that give the house the lowest edge (or profit / share / advantage). The house edge (or its long-term profit) can be calculated universally on the basis of the expected value (clear exhibits are included).
The house edge takes effect particularly in the long run when, slowly but surely, the law of probability starts working against the players. On the other hand, the situation is far more exciting and interesting in the short-term point of view, where the theory of chaos can play its part. There is no limit for anyone to have a lucky day. Then, e.g., betting on their favorite number in Roulette brings a tempting payout of 35:1!
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