Ask anyone who gambles online, and they will admit to having lost more bets than they have won. A few lucky ones will wager at a progressive jackpot and win lots of money after a few trials, but those are a few out of millions. The odds of winning at an online casino are always quite low.
So, why do players still log into their gaming accounts to play table games and slots when they know their chances of winning are slim at best? The thrill of gaming, maybe, and some are addicted and cannot stay away. Others are in it for fun too, so there are several reasons why people engage in these games.
Is Online Gambling Rigged?
When you gamble at a real casino, several things happen. You risk your money for a reward that might or might not be granted. Any top rated online casino in Canada has strategies to make money, and most of them involve making profits in the long run. The games are usually audited for fairness to limit manipulation, but there are a few terms you will want to be familiar with to know how a casino works.
Gambling is big business that sees better results when players feel safe. The first thing any site worth its salt will have is a license that makes you feel protected and regulated. It will then carry an eCOGRA badge that says it practices fair gaming. You will notice the encryption that lets you know any communication between you and the site is coded and safe from hackers. After ensuring a player is safe, the site goes on to have the biggest selection of games as provided by the best software providers in the business. Mobile gaming is big these days, so mobile compatibility with the games is a must-have for the business to compete.
Profitability comes in the ability of the business to bring people through the door and keep them coming back, which is why the site will work on strategies to onboard players. Bonuses are an effective way to invite those that want to see how online gaming works, and casinos use this to make a killing. You get free money to get you started, but you have to meet wagering requirements before you can withdraw the winnings tied to this bonus. About rigging, no one has been able to prove this theory since some people win after just a few games while others never get lucky at all. Where games of skills are concerned, you are even more likely to win if your skills and strategies are smarter than a casino’s.
Odds represent the likelihood of an event taking place. If your odds are 5:1, you will win $5 for every $1 wagered. If you bet $3 with these same odds and win, you will take home $15 plus the $3 you originally wagered. They are represented by ratios or percentages, but the meaning remains the same at any win casino. 9:1 can also be expressed as 1/(9+1)=0.10, which you can also express as 10%. You want to know the odds of your chosen game to know how much you can make or lose.
There are so many slots themes which is also why they are some of the most developed games in the industry. Slots are easy to play, so most players will always choose them instead of games of skills. Every spin counts and winners are selected through the Random Number Generator technology, which is fairer than human intervention. You just need to place a bet and spin the wheel to win or lose.
House edge matters when you play slots. If the RTP is 90%, then the house edge is 10%, meaning you will win $90 for every $100 wagered. Progressive jackpots give the biggest wins for slots, but you would have to beat serious odds to take home the loot.
So, can you win at online casinos? Yes, because lots of people do. You want to know how to maximize your winning chances by selecting games with higher returns-to-player and diversifying your gaming pool. Some options have better returns, such as table games and poker that require skills. Slots and other games of chance are purely dependent on luck, so you will be trying your best with millions of other players. Try some casino games today and see for yourself.