Effective Strategies for Chance-Based Games
We’ve all heard those trite expressions before – The games are rigged, The house always wins, The only winners at casinos are the ones who don’t play, etcetera. But all of this is only true over the long term. Since 99% of players don’t meet the statistical criteria for the ‘long-term’, almost everyone should be considered a short-term player.
For the record, long-term evaluates at least one million spins on a slot machine game. If you were to spin 1000 X per day, it would take 1000 days to qualify for the definition of a long-term slot player. That’s almost three years of 1000 spins every single day. If we assess millions of spins, those years increase in multiples. It is easy to see how the house has the edge over time since the rules of games are designed to keep a fraction of every US$1 bet by players.
There are two important concepts known as RTP and House Edge. They are opposite sides of the same coin. If the RTP – return to player – is 95%, then the House Edge is 100% -95% = 5%. The House Edge indicates the percentage of every dollar that the house, a.k.a. the casino, generates from players. If you bet $100, $5 is the house edge, and your return is $95 over the long term. We all know that the long-term is essentially gobbledygook – a theoretical imagining that most players never realise.
How to Focus Tactics and Strategies on Casino Games?
In a chance-based game, anything can happen in the short term. A Roulette player can win, lose, or break even on any given play. Since this table game is based purely on the luck of the draw, it’s anybody’s guess where the ball will land.
When you play online roulette at a casino, you trust the software to deliver a credible, transparent, and fair outcome. Specialised programs known as RNGs (random number generators) are used to imitate lady luck. They’re overseen by Technical Systems Testing agencies and regulatory authorities to ensure compliance with outcomes.
As a player, your tactics and strategies are geared towards picking games with the lowest house edge. Roulette is Roulette? Wrong. While French Roulette, European Roulette, and American Roulette look similar, they are vastly different.
Your casino strategy should always focus on selecting the game with the most player-friendly odds. We know that European Roulette and French Roulette are similar in many ways. But a closer examination of the rules indicates that French Roulette is the superior option. Consider the odds:
- European Roulette – house edge of 2.70%
- French Roulette – house edge of 1.35% (La Partage & En Prison)
- American Roulette – house edge of 5.26%
Clearly, you should select the game with the lowest house edge. This ensures that players can slow money transfer from their wallets to the casino’s coffers. But it’s not only about RTPs; it’s also about money management.
How is Money Management Such an Important Strategy with Casino Games?
A budget, a.k.a. bankroll, is your lifeline in real money gaming. Manage it wisely, and it’ll serve you well. Manage it poorly, and it will ruin you. As expected, walking into a casino with all your credit cards flush with cash is never wise. Set a budget and stick to it. Set slot limits for every game to account for each gaming session.
Land-based casinos in Las Vegas, Atlantic City, or on Tribal Lands offer many perks to players. Some are apparent, others less so. For example, coupon booklets may offer vouchers for slots gaming. In addition, player club cards are a great way to get points towards many in-house benefits such as shows, restaurants, room upgrades, complimentary parking, valet parking, and so forth.
One of the prime benefits of in-person casino gaming is free drinks. The mega-casinos have no qualms about offering players free beverages, provided they are playing at the slot machines, roulette, or blackjack tables. We all know why they do it, but still, it’s a free benefit. Of course, too much of a good thing can be a bad thing, and that’s especially true when you mix gambling and alcohol. Play cautiously, set limits, and know when to walk away.
At online casinos, there are more benefits available to players. These come in the form of bonuses and promotional offers. As a new player, you are generally privy to a welcome bonus. It’s a terrific way to improve the ROI of your bankroll.
These come with terms and conditions, including exclusions, validity dates, available games, et cetera. Bonuses are bankroll boosters. Use them wisely to stretch the playing power of your budget. Remember, winning is from bonuses that must meet playthrough requirements before they can be withdrawn.
The Final Play: Follow These Tips to Jackpot Central
These practical strategies for chance-based games focus on factors other than the games themselves. You will notice that game selection is an important criterion. Always pick games with the best payback potential and the highest RTPs.
Volatility/variance should be factored into the equation because that determines the size and frequency of those winnings. You can win more frequently with lower payouts than with higher payouts. The preselection process helps you to pick winning games before you start playing. Always play in demo mode before you play for real. That’s how winning is done!