Online casino games are a significant form of entertainment. However, they are also so much more, because all casino games are a version of risk management. Here we are going to discuss 5 popular games in online casinos under the statistical microscope, and see just what a players real chances are. The 5 popular games in question are blackjack, craps, roulette, poker and slots play.
One of the first questions asked in relation to casino statistics are which games provide the best odds to the player. Well, the answer in this case, is craps. Double odds craps, in fact, is the casino game with the lowest house edge, namely 0.6%. Statistically the game of blackjack lies in second place, with a low house edge of 0.8%. Craps is a dice game with a wide variety of betting options.
The statistics around blackjack tell the most interesting story of all. The house edge statistically as mentioned is 0.8%. The surprising thing is, casinos generally show a return of up around 15% at the blackjack tables. In more detail, the house edge is calculated based on a knowledgeable online blackjack Singapore player strictly using basic blackjack strategy. What this means is that players are underperforming at casinos on the blackjack tables, probably due to a lack of knowledge of blackjack strategy. This suggests that blackjack players should be winning substantially more money and that learning basic blackjack strategy in great detail win make a huge difference.
Roulette is a traditional casino table game, and contains the iconic roulette wheel. Roulette is one of the older casino games and has much history and connotations attached to its play. The game is also the one that generates some of the most fanciful and imaginative number predicting theories and betting methodologies. From Martingale betting strategy to the Fibonacci number sequence, online roulette Australia aficionados have tried them all. The truth of the matter is that roulette is simply a game of chance, and statistically there is only one relatively rare game, Casino Big 6 Wheel, that has worse odds for the player than the double 0, or American Roulette game.
Slot machines are the other popular game of pure luck on this list. Statistically, these games have been improving their return to player percentages since it became customary to publish the details after auditing reports were done. Many of the latest slot machines have house odds in the 3 – 4% percent range, although some may even be outside that range. In general, 5 reel machines have a higher return than the classic 3 reel varieties.
Poker is the one game at a casino that has no odds calculable. This is due to the fact that skill and strategy plays a major role in this game and there are simply too many variables. This is, after all, the attraction of this game itself, and the reason why it is followed so avidly and generates TV audiences of many millions. Statistics are nevertheless still important and better players will always know the odds on a particular card being drawn.
These 5 popular games in online casinos represent the main genres played at the sites and their actual statistics tell their own story.