Can You win at Online Casino Gambling?

In this article, I present a basic overview of how to calculate the odds give to online casino gambling players based on casino bonuses.The basic formula is this:
amount wagered * (payout-100 %)/100 = amount won. (Equ. 1)



The "amount wagered" is the total amount you bet. If you bet $20 five times, the "amount wagered" is $100. The Online casino gambling payout % is the average amount of cash you'll get back if you wager $100. The payout % is commonly referred to as the odds. If the payout is 98% and you wager $100 (all your money), you'll probably be left the $98. If you have $1000 and you wager $200, you'll probably be left with $996. The "amount lost" is pretty straightforward. If you can't figure this out, you shouldn't be a Online casino gambling player.



In the case of Online casino gambling with a sign up bonus:
payout percent = 100*free cash/amount wagered + old payout percent. (Equ. 2)


A typical example is a free $50 if you deposit $50 and wager a total of $200. Assuming you're playing something like Blackjack, you should be able to get a basic payout % of 98%. Plugging these numbers into the first formula, we get:


In this case, the new online casino gambling payout percent is: 100*50/200+98 = 123%



How much would you win in the above scenario?


Amount won = amount wagered * (payout-100 %)/100 = 200 * (123-100)/100 = $46.




Not bad! It's not very often that you can go to a casino and have the odds in your favor. Opportunities like this need to be taken advantage of while they exist.

Online Casino Gambling

Land Casinos vs Online Casino Gambling

Las Vegas casinos are really beautiful; many have spectacular fountains, glorious indoor and outdoor gardens, and amazing pools and spas. However, these buildings, grounds, and facilities were really expensive to built, and are even more costly to maintain.

Online casinos, on the other hand, do not have pricey overhead expenses. They are able to pass these savings on to their customers. For this reason, online casinos offer payout rates that are considerably higher than those offered at brick and mortar casinos in Las Vegas- or anywhere else in the world. Online casino gambling payout rates are compiled on a monthly basis by the Online Players Association (OPA), an internet casino players’ advocacy group.

Tribes do not have to report publicly their profit or what is paid out to patrons. In six years, casino-style gambling on Indian land in California has grown to a $7 billion-a-year industry, according to the Indian Gaming Industry Report. So it pays to ensure that customers think they have a fair shot at winning.

Here's the payouts of slot machines at land casinos (coutesty of www.lasvegasinsider.com):



For comparison, online casinos have payouts around 98%.