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Slot Machine Odds of Winning

February 26th, 2010 by bwin Casino Blog

Slot machines are notorious for having pre-determined payout levels for all customers at a casino, and learning how to leverage these to your advantage whenever possible can be the key to long-term gambling success at these machines. When looking at how to utilize the odds of slot machines for yourself there are three key concepts to bear in mind at all times moderation, discipline and bankroll management.

Moderation

When looking at most slot machines that have substantial payouts remember that the actual likelihood of you actually hitting that major payout is less than the probability of you actually winning the lottery. Still, unlike the lottery, slot machines can have a much better return on investment and can in some cases give you up to 97% returns on your money over a long period of time (though only at select machines in some casinos as this is far from the norm). Knowing this in order to better increase your odds at winning big at a machine and keep yourself playing regularly go for moderation and progressive winnings rather than wagering everything you have on one spin. While slots with smaller denominations may seem less interesting due to the fact that payouts may be slightly lower they can also help you stay in a game longer and thus make it much more likely you’ll see any money coming back to you at all in the near future rather than simply run your bankroll dry.

Discipline

Once you win even a small jackpot be sure to withdraw the money immediately from the machine. Slot machines count on people feeling “lucky” and wanting to keep going at the game in order to make themselves more money off of some small earnings in order to give the casino a better chance at getting money that is paid out back into their own pockets. Proper discipline of a player in order to know when to call it quits after a win is the difference most of the time between actually seeing some sort of return to your own coffers rather than simply dishing out money day after day. If it helps take frequent breaks as necessary in order to cool your mind and, of course, don’t get carried away in the rush if you do ever happen to hit it big, as you’re more likely to simply lose everything instead.

Bankroll Management

With the two other concepts in mind always remember that more is better when it comes to your bankroll. That means more lines and bigger wagers on a slot machine for the same money you would spend for less lines or less wagering power at another. Five lines at a nickel slot would be worth more than one line at a quarter slots, while a max bet of 25 coins at a penny slot should be viewed in the same way. Look for the machines that offer you the most “bang for your buck” and leverage them accordingly in order to best use your money where it is needed and can give you the greatest likelihood of winning. After all, slots are dependent upon pre-calculated odds, so using these as much as you can in your favor is necessary for true long-term success.

Payout and Odds of a Slot Machine

February 19th, 2010 by bwin Casino Blog

Slot machines are notorious gambling devices that can be both entertaining and profitable for a lucky few, though as all players tend to know, these machines will always be in favor of the house taking home most of the winnings, regardless of what you may try to do in your own favor. That stated, slot machines do offer different payouts and odds depending on the machine played and the money up for grabs and, if played properly, can generally return most of your money over time so long as you make your plays right and gamble accordingly.

One of the key factors to consider when looking at a slot machine’s odds is, naturally, the actual set payout rate. Many times high-paying slot machines with up to a 98% return rate are advertised by casinos in order to attract customers, and these machines should naturally be your own primary target when you enter into an establishment advertising them. If you cannot find them on your own, then feel free to ask any of the local slot machine attendants to assist you, as it is their duty to ensure that all customers find what they seek and are satisfied with their stay at the casino.

Further, bear in mind that virtually all modern slot machines are controlled by a random number generator set to provide randomized results based off of a set algorithm to pay out spins at complete random, without any other input. This means that any strategy you have for strategically betting more at times and less at others is effectively useless, as it will have no impact upon the actual randomly generated figures. Your only chance is to focus instead on maximizing the profitability of each spin, in order to take advantage of the successful results that are generated from time to time in whatever variation there may be. As most modern slot machines typically play up to 25 different lines at once, this means a payout in your favor could occur in any one of those lines at any time, so be sure not to miss out on a chance to cash in on what may come your way.

Maximum bets also offer the highest payout potential along with the highest risk. Given the fact that even major slot machines with the largest jackpots pay out some sort of return over time, the maximum bet whenever you play may be well worth your while. It is also the only way you can guarantee that you have a chance at successfully obtaining the major jackpot prize. While lesser bets may seem safer and allow you to play longer on a smaller bankroll, they will also offer less of a major payout potential, due to their limited overall value. Therefore, you should opt for the top bets whenever possible, in order to increase your chances of winning big. Just remember not to overdo it and go beyond your capabilities because if you keep playing, slot machines will, in the end, take back more than what you put into them. Always bear this in mind, and stop when appropriate no matter whether you are ahead or behind.

Blackjack Odds

February 15th, 2010 by bwin Casino Blog

Blackjack is a game of cards where cards one to ten are given value equivalent to face value and all the colored cards are given a value of ten. Aces can have the value of one or eleven. Players are dealt cards and they have to play against the dealer’s cards. A player must have the highest total value of cards without exceeding twenty-one to win.

Most tables have the dealer stand on an all seventeen. Unless, you have the card total of less than twelve, do not hit indiscriminately. If you have a card total of seventeen or higher, stand. The higher the card value, the more the chances of busting if you hit, but do not let this scare you into standing up too soon; if the dealer stands on a soft seventeen, hit until a hard sixteen and then quit. You will have better chances of winning.

Now that you know a little about basic strategy, know that card values of 1 to 16 should always be taken as decision hands where you must decide for yourself if you want to hit or stand. As previously mentioned, if your card count exceeds seventeen, stand.

The best blackjack strategy ever developed according to the analyst and writer Ed Thorp is the Baldwin group strategy developed in 1956 by Baldwin, Cantey, Maisel, and McDermott. He claims that a player following the Baldwin group strategy has an edge of about +0.1%, which is the best odds a player can have against the house.

There are other non-mathematical strategies developed by other expert players that give good odds, but these are hard to outline, or indeed, to master.

If you are playing at a real (brick and mortar) casino, know that the card decks are not shuffled after each game nor are the cards from the previous game added to the card decks. Thus, you can keep track of the cards missing from the card decks (from all the previous plays that happened after the last reshuffling) and speculate which cards may never show face up on the table, and thus improve your strategy. Needless to say, this does not affect your play at an online casino as the electronic card decks can repeat the cards dealt.

Generally, to calculate odds for or against the players, the dealt cards are each assigned a point value. If the card favors the player, it is assigned a positive card value and if it favors the casino, it is assigned a negative card value. The odds are then calculated as the percentage (positive or negative) against the total outcomes as either favorable or non-favorable odds.

All these calculations work if the game is fair and the dealer is honest. If the dealer cheats and hands out seconds every so often, you might still lose. Know that the sound of the dealing of second from top card sounds quite different from the sound of the dealing of the first card on top. If you are lucky enough to notice it, point it out; you might just help everyone at the table; they may not like playing against a dishonest dealer either.

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