Understanding a variety of important statistics can help improve your strategies when playing certain online casino games, such as blackjack and roulette. It can also help pick slots that are more likely to pay out and avoid the ones that are least likely to pay.
The outcomes of most online casino games are, in fact, determined by Random Number Generators (RNGS), whereas the outcomes of Live Dealer Casino games are not. However, the results from all types of casino games, whether determined by RNGS or not, are about as fair and realistic as can be.
Here is a closer look at how understanding statistics and the payout rates, odds, and rules of certain games can greatly benefit players.
To find out whether casino table games produce fair results, one of the simplest things you can do is look at the latest RTP% (Return To Play Percentage) payout rates, which can usually be found in the game's paytable.
These statistics tell us, on average, how much individual games have paid back in winnings over a four to six-week period. Many players, therefore, look for these stats before launching a game to play, and they will only play the games with above-average RTP% payout rates.
These payout rates are often calculated by trusted third-party online casino testing agencies that constantly monitor and test games for fairness. Some of the most renowned online casino testing agencies that calculate payout rates of games that are supplied by industry-award-winning online casino software providers and game development studios are the following:
eCOGRA (eCommerce Online Gaming Regulation and Assurance)
iTech Global Pty Limited
Gaming Laboratory International
Technical Systems Testing (TST)
Some of the other trusted online casino testing agencies that also monitor online casino games and check they are producing fair and realistic outcomes are Global Lab Limited, BMM Testlabs, and Quinel Ltd, to name just a few. With most online casino games today, the average RTP% rate tends to hover between 93.00% and 98.00%. Let's take a quick look at exactly how this works.
Let's take a quick look at exactly how this works. If the players have spent $/€/£1,000,000.00 (or equivalent currency value) on an online slot machine over a four-week period, and in that time, the game paid out $/€/£984,500, it means that for the period under review, that game had a 98.45 RTP% payout rate, which is fairly high.
When searching for online casino table & card games or online slot machines to play from your smartphone or desktop computer, you may want to keep these stats in mind before you launch them and start playing them in the real money mode. Perhaps only look for the games that recently had a 93.00 RTP% payout rate or higher. Anything lower than 90.00% is just not worth playing.
When playing European Roulette, for example, you should also take the time to learn the different odds, which can help you place more strategic bets that are more likely to return a profit. For example, betting on Red/Black, Odd/Even, or the numbers 1-18/19-36 comes with a 1:1 return and is far more likely to occur than a Straight Up bet, which usually comes with a 35:1 payout rate.
It's the same in horse racing. If you're seriously trying to win, you wouldn't keep on placing lots of silly longshot/outsider bets with odds of 100/1 or higher. These odds mean you only have a 1.00% implied probability rate of winning.
You are more likely to win with 1/5 odds, which means you have an 83.30% implied probability rate of winning. In blackjack, you should also take the time to learn as many stats and strategies as possible to give you the best possible chance. To begin with, players should start by learning basic blackjack strategy.
The more stats and data you can use to your advantage in certain games, the greater the edge over the house you will have. However, don't forget that no matter how certain the 1/5 odds may first appear, no bet is ever guaranteed to win.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.