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Can the math help you win
For the majority going through school, the math classes are a form of slow torture. All these tiresome problems to solve and never any obvious relevance to real-world situations. Except, of course, that the theory of probabilities gives you everything you need to know about how to bet effectively. Once you can work out the odds on any given event occurring, you are ahead of the game when it comes to winning. In a sense, gambling is the application of science. But this slightly breaks down because knowing the odds does not guarantee you will win. The actual result of the event is still determined by events outside your ability to control. Whether you win is a matter of luck. So we might conclude that gambling in general is a mixture of science and intangibles like intuition.
Why should this matter? Well, theres been an interesting case rumbling through the courts in Indiana. Back in 2006, the Grand Victoria Casino and Resort banned a player for counting cards. The gambler made no secret of his good memory and skill in converting the count into accurate predictions about how to bet. In the real world, casinos run card games from a shoe, i.e. they shuffle together multiple packs of cards and stack them into a container. The dealer then pulls the cards from the stack as they are required. This is the favored system because, once the cards have been placed in the shoe, the dealer cannot cheat by sharping cards from the pack or elsewhere. The order in which the cards will be played has been physically fixed. Thus, if someone with a good memory counts the cards as they come out, he or she can work out the probability of when cards of a given value will next come out of the shoe. This technique gives the gambler the chance to beat the House edge. The combination of the optimal strategy and counting gives the player the edge. For this reason, casinos routinely throw counters out and ban them from ever playing again. Casinos prefer the House edge to remain in place. Well, thats all going to change now because a three-judge panel of the Court of Appeals said the casino had no legal right to exclude the gambler.
This victory for the scientific gambler is a real milestone. It changes the way in which casinos in Indiana operate. Whether it will apply to other US states will depend on the way their gambling is regulated but, reading through the ruling, it looks as though it should apply in quite a few other states. It would be great if this could also apply to online backjack but the sad truth is the software does not mimic the real world. Unlike the shoe and its shuffled cards, the software uses a random number generator to decide which card comes out next. That means theres no way to use the past cards dealt as a way of predicting future cards. The act of dealing one card is a uniquely random event, not influenced in any way by what has gone before. So scientifically-minded players will be heading to Indiana over the next few months and looking to make a killing. Those of us playing blackjack online will be relying on the optimum strategy and luck to build our winnings.
Online Casino Payouts What You Need to Know
There are more than three hundred online casinos on the web. You may be asking yourself “How do I choose the best?”
Customer service and reputation are, of course, important. The big factor, however, is the payout. Every casino has unique casino payout percentages.
What is an online casino payout? Many people who enjoy gambling online are completely unaware of the full implication of the online casino payout percentage rate.
This is a very important aspect of your online casino choice. What it boils down to is this
some people win money, others lose money. The casino analyzes this and makes its own casino payout percentage. Payouts vary from casino to casino.
People love gambling, and people love to do it online from the comfort of their own homes.
Is it any surprise, then, that online gambling has proven so popular? Would be online casino gamers, though, are picky about where they try their luck, and with good reason. There are so many online casinos out there that it is important to make sure you pick a good one, where you arent going to just be flushing your money away.
One of the best ways to ensure a good gaming experience is to look for those online casinos that offer the best online gambling payouts.
Usually, this is done by looking at online payout percentages. This information can be found on most online casino review sites.
The payout percentage is essentially just what it sounds like: the percentage of money that an online casino pays out versus how much it makes. Say, for example, you find an online casino that has a payout percentage of 97.5%. This statistic means that 97.5% of the money that comes into their system is paid out to users while the remaining 2.5% is kept as profit.
Note that this does not mean that you are going to keep 97.5% of what you bet at the online casino. This is simply a total percentage for all of their users. You could end up losing, or you could end up hitting the jackpot.
It is also important to keep in mind that online casino payout percentages are not the same as online gambling payouts. The percentage is just that: a percentage, it does not tell you how much money you can win from the site, just the percentage of total money coming into the casino that goes back out.
Different casinos will have different size jackpots and payouts, and payouts will also depend of course on the particular games you are looking to play, whether its poker, slots, blackjack, etc.
You should be able to find payout percentages for just about any legitimate online casino through a number of sources. Most review sites will discuss these payouts. However, since payout percentages can change from month to month these statistics might not always be the most up-to-date.
A better place to find information both on payout percentages and gambling payouts is through an audit report. There are three companies that keep books on legitimate online casinos: the Online Gaming Association (OGA), Price-Waterhouse Coopers (PWC) and Technical Services Testing (TST).
You should be able to get an audit report on various casinos through any three of these overseeing organizations. Looking through the audit reports of various casinos will give you information on both total payout percentages as well as gambling payouts.
It will also give you a game-by-game; breakdown for each casino, so you can not only pick out the best casino at which to play, but the casinos in which you can maximize your winnings.