Humans have been gambling for several thousand years, something that has recently been confirmed by the discovery of playing card tablets in China that date back to thousands of years before the birth of Christ. This is pretty awe-inspiring in itself, however one thing that often surprises people even more is the fact that casinos as we know them have only been around since the 16th century.
Oh yes, that’s right, and it also means that most of the casino games that we all know and love today have equally short lifespans too. Whilst gambling games before the advent of casino could all have wildly different rules and odds, nowadays we are all treated to more or less the same versions of games in casinos. Read on for casino games at www.paybymobilecasino.com and their odds of winning explained article.
What are casino game odds?
So, the first thing to explore here is what exactly casino game odds even are, because if you are a complete newcomer to the world of gambling you will probably be wondering what the word odds even mean. Well, gambling is essentially an exercise in probability and the concept of chance, and odds are how people can see what the risk of losing is on any given game.
It sounds quite simple, but the reality is that odds were not standardized in the gambling world until casinos came around, and this is simply because there wasn’t much regulation involved before casinos were invented. So there you have it, this is the simple definition of “odds”, read on to find out more about how this can benefit you as a gambler.
The concept of house edge
When talking about casino games and their odds there is always going to be one defining thing that gamblers talk about, and that is something called house edge. But what is house edge? Well, have you ever heard of the phrase, “the house always wins”? This relates to the fact that casino games always have to have odds that swing in the casino establishment’s favor, simply because if they did not then the casino would not be able to keep operating financially.
So when people talk about reducing the house edge they are basically theorising ways of keeping the casino’s odds of winning down, and by virtue of that your odds of winning up.
RTP and slots
Due to the modern online slot explosion gamblers now have it better than ever when trying to find the odds of winning on a particular slot game in the 21st century, and that is all down to something called RTP.
RTP, or Return To Player, is information that developers and online casino platforms are obliged to give, and it points to the average amount of money a gambler can expect to win back from their stake whilst playing the game. This is a fantastic and easy way to find out your odds of winning on a slot game.