Gambling Online

Inside Information

 Online Gambling Secrets or "Inside Information"

The next information is essential when deciding on a game strategy, it can make the difference between a successful gambler and a loser. It is the only knowledge that will help you determine whether the other tips you get are just mind distracters or real advice. It is the main tool you will have available to calculate your chances of winning, thus, changing your bets accordingly.

Blackjack is the only one casino gambling game that gives you a fair chance to beat the casinos. Yes, in all games played in the casinos, blackjack remains the only one in which a participant can actually change his chances of winning during the game. Let us explain.

Every Casino gambling game has a built in profit for the casinos on every bet. This is known as the House Edge or Casinos Advantage. (Note: This is true for "brick and mortar" casinos. In the online casinos world the casinos online are powered by software programs, thus the House Edge of each game and each casino is dependant on the fairness of the casino owners).

Every bet you make has certain chances of winning or losing. If you bet on the flip of a coin, the probability of heads or tails is 50 - 50. This would be an even money bet. If you bet a dollar and was paid a dollar when you won, you would be paid TRUE ODDS. However if the casinos only paid you 95 cents every time you won instead of a dollar the house edge would be 5%. Simply put, the house edge is the difference between the true odds and the odds that the casinos pay you when you win.

Blackjack is the only gambling game in which the house edge is not fixed. In this game you can actually have a positive payback. This of course depends on the skill of the player and the rules or pay back table.

Let's look at the gambling game of Roulette. You will see that the house edge is 5.26% for the double zero game. How do we figure the edge? In the game there are 36 numbers plus the 0 and 00. The odd of you winning is one in 38 or 1/38. If you win the casinos pay you 35 for your dollars bet. You keep your original dollar, and are paid $35. The difference is Two Dollars (38 minus 36). Divide the $2 by 38 that is the true odds and you come up with the house edge of 5.26%. So you could actually cover all the numbers on the layout and still lose money. Great odds for the casinos - but not for you. Games like Roulette, Craps, and Big Six have a fixed percentage because one roll or spin will never change the out come. There will always be 38 numbers on a Roulette layout and 12 numbers on a pair of dice.