Wednesday, September 13, 2006

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.

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