LONDON, August 15, 2012 /PRNewswire/ --
The UK's online casino site has the low-down on gaming odds
Gambling odds refer to the probability or likelihood of an outcome. Jackpot City, a leading online casino, points out that knowing the odds greatly improves a player's chances of making money from gambling. It has developed a new guide dedicated to gaming odds, aiming to provide new players with insight into the ins and outs of online gambling.
To start with, a basic understanding of probability is needed. Jackpot City gives a basic coin toss as an example. There are just two possible outcomes thus the odds of getting heads is one in two or 1:2. The same is true for getting tails.
Odds start to get more complicated as game play becomes more involved and the number of possible outcomes increases. This is why Jackpot City believes it's so important to produce a dedicated guide to gambling odds.
The 'house edge' also needs to be considered. Every casino, online or offline, has a house edge - after all they are trying to make money. This 'house edge' or 'house advantage' needs to be factored into game play. The house edge varies slightly from casino to casino and from hour to hour, but a general breakdown would give the house a 0.8% advantage at blackjack a 3.4% advantage at three-card poker and between 2.7% and 5.6% advantage at roulette. Jackpot City advises players to check the latest payout percentages of each casino on its payout table.
Jackpot City notes that other factors influence the odds too, besides the absolute number of outcomes and the house advantage. The length of time dedicated to gaming, along with speed of play and the amount wagered also affect the odds. The longer a player devotes to a game, the more he wagers and the faster he plays, the greater the chance of losing. The player can win more or less than average, but in the long term, the casino always comes out on top.
Jackpot City wants its players to go into every game well prepared so they can enjoy online gaming and make as much money as possible bearing in mind the odds against them. It points out that if players really want to improve their odds, they should play games such as blackjack that involve a level of skill; but it warns players that they need to acquire the necessary skills before hitting the blackjack tables.
About Jackpot City
Jackpot City is well-established UK casino, providing top quality online casino services to poker pros and beginners alike.
SOURCE Belle Rock Entertainment