If you do not use statistics when gambling at casinos you do not win. I can make this statement safely because using statistics is the only way you can get long-term profits from casinos.
Few casino gamblers use statistics when gambling. Very few use it properly. But you can quickly start using statistics when you gamble, even if you hate statistics.
This article covers 6 quick statistical facts that everyone who copaqq gambles casinos need to understand in order to use them to improve their financial results.
- Casino House Edge and Return Percentage
You need to learn about 2 simple mathematical formulas that all casino statistics are based on. The good news is that they are easy and you can watch many casino games.
Once you know what they are and what they mean, you can use this information to make better decisions about gambling in casinos.
The 2 things you need to know are called Return to player players and the edges of the house. They work together, and if you know which one of them is easy to find out what the other 1 is.
Here’s a simple formula.
Return to player percentage and percentage of house edge equal to 100%.
This means that if you know the percentage of return or percentage on the edge of the house you can subtract it from 100% to get the value of the other percentage.
If the game has a return percentage of 97% the house limit is 3%. If the game has a 4% house edge the return is 96%.
These 2 percent is important because the house limit tells you how much the casino makes on the bet you make and the refund tells you that each bet you make is refunded to you. You should know each of these numbers throughout the casino game.
And you need to learn how to influence these numbers if you want to win.
- Casino Gambling Strategy Math
The biggest way you can influence the edge of return and housing is to use strategy.
The Casino game strategy is based on statistics, and when used properly it reduces house limits.
You know from the formulas in the previous section that when the house limit goes down the return goes up.
All mathematical casino game strategies have been used, so you don’t have to start over from scratch. All you need to do is find an effective strategy and prove that you are using math and using the same strategy. A few examples of this are blackjack strategy cards and video poker. Other examples include regular bank betting on baccarat and betting is endless with the difficulty of craps. All of these are proven strategies that you can use mathematically to reduce house limits.
As you research and learn more about these things you will find that most casino games have a house edge that cannot be completely removed. And if you can’t get to the end of the house you can’t win. The only traditional casino game that offers a chance to win is blackjack.