Video voice over for Casino gambling strategies
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EnglishVoice Age
Middle Aged (35-54)Accents
North American (General) North American (US General American - GenAM) North American (US Mid-Atlantic)Transcript
Note: Transcripts are generated using speech recognition software and may contain errors.
We have all heard stories about players winning millions in casinos, using secret tricks and not having to work another day just enjoying luxurious holidays, drinking ice cold margaritas on beautiful, sunny beaches. God's well, those stories are fake. The math behind casino games always favors casinos, so there is no guaranteed way for players to win, even if you were lucky at first and win. If you keep playing long enough, the math will, sooner or later turn against you and you will lose your money. Now let me show you how the math of all casino games works and why the casino always profits of the end. Casino games such a slot machines, roulette or blackjack are called games of chance because their outcome depends on luck. You play them against casinos, not against other players. Regardless of your skill, the casino will always have an advantage. Let's take a closer look at how it all works. All casinos and casino games have certified fair randomness, which means that the game results really are random. But remember, fair randomness doesn't make a game fair. Here is an example. Imagine a game in which we flip a coin if it lands on eagle, I will give you $1. However, if it lands on heads, you will give me $2. Even though the randomness is fair, the game clearly isn't. Your chances of winning and losing are the same, but the amount you can lose is twice a sigh is the amount you can win. So does that mean you can't win any money what you can, but only in the short term, Even in our imaginary game, you can be very lucky. And when the first few flips giving you a couple of dollars in profit, however, the incredibly one sided odds of the game will catch up with you very quickly. Real games in actual casinos or the land based or online have better odds, which might not cause you to lose money as fast as you would and are made up game. But you can be sure that you will eventually lose. You just have to give it enough time. Now that you know that all casino games are unfair for players, let's take a look at how you can distinguish which of them arm or unfair and which are less unfair. This is where the term returned to player. RTP comes in. It's the long term percentage of wagered money that you get back from the casino in the form of winds. It essentially tells you how much of your beds you can expect to get back from the casino when playing a specific game. Let's go back to the game with a coin. In this game, you have a 50% chance of winning a dollar and a 50% chance of losing $2. This means you lose half a dollar on average. Let's reformulate the rules a bit to better illustrate the RTP. You bet $2 flip a coin. If you win, you will get back here $2 another one on top of that, which is $3 in total. In other words, you play $2 for a 50% chance to win $3 you end up with $1.5 on average, which is 75% out of the wagered $2. This is the RTP of this game. This means that you only get back 75% of each bet in the long run. It's not that bad for most games, though most casino games have an RTP somewhere in the range of 95% to 99%. The remaining percentage forms the house edge, the mathematical advantage casinos have over players, which enables them to run a profitable business. For example, roulette has a house edge of 2.7%. Does this mean that you will lose 2.7% of your money when playing roulette? The answer to this question is yes and no. It depends on how you play. If you wager your money only once, you will only lose 2.7% of it on average. However, if you wager your money over and over again, you will lose 2.7% of each bet on average, which adds up quickly over time. This is why we also need to differentiate between the RTP of a game and the expected return of abetting strategy. The expected return of abetting strategy describes how much money you can expect to get back from a gambling session. On average, when you follow a certain betting pattern, it is never higher than the RTP of the game you play, but it could be lower, much lower, actually, depending on how you play, let's take a look at two examples. Both played European roulette with an RTP of 97.3% and a 2.7% house edge. In the first example, your strategy is to place, Ah, $100 roulette, bet and hope for the best. If you win, you take your money and leave. If you lose, you admit defeat and move on. In this case, the expected return of your betting strategy is the same as the games RTP because you only wager your money once. You therefore lose $2.7 on average, regardless of the type of bet you place as long as you only place it once. Imagine a second example. Let's say you walk into a casino and start placing $10 bets on the color red or black. You play until you go through 100 game rounds or until you lose everything. In this case, you lose $22 on average because you wager much more money in total and lose 2.7% of each placed a bet on average. Okay, you already know how much money you will lose. But how you lose it over time is also important as well as your chance of hitting a lucky big win. That's where volatility, also known as variants, comes in. These two players play a game with the same RTP, but with a different volatility. The player on the left plays a low volatility game. His winds are frequent but low. That's why the size of his bankroll fluctuates only slightly. The player on the right plays Ah, high volatility game. The majority of his game rounds end up in a loss, but he hits a big win from time to time. Having said that, both players will eventually lose everything. If they keep playing, So does volatilities even matter. And if it does, which games air better high volatility games or those with low volatility, it does matter. It actually matters much more than you might think. Although the preferences of players might differ, high volatility is better. From a mathematical perspective. Here are a couple of examples to demonstrate why in the 1st 1 you start with a bankroll of $100 keep placing $5 bets on red or black until you play 100 game rounds or lose everything playing like this. You have a 35.6% chance of ending up with more money than you started with, but you will only win a small amount. In most of the winning cases, your chance of ending up with more than $200 is only 1.5%. On the positive side, you will lose everything before reaching the 100 spin mark and Onley 4.3% of cases on average, you will lose $13.2. Now let's ramp up the volatility by keeping the same bet, size and placing bets on a specific number instead of red or black. When betting on color, you are quite likely to double your bet. While bets on a number give you a proportionately smaller chance to win 36 times your bet. It is therefore pretty clear that the volatility is higher in this example. Your chance of ending up in profit is lower. It is 24.6% to be exact, which is 11% less than before. However, if you do win, you'll win much more on average. Quite surprisingly, you are more likely to end up with 500 to $1000 than 100 to $200. All that all you will lose $6.5 on average. On the negative side, your chance of reaching the 100 spend mark is smaller than 25%. This is a sign that we might have taken it a bit too far in terms of volatility. But that's not an issue, because higher volatility allows you to place smaller bets and get the same or even higher chance of winning big. Let's take a look at the same betting strategy, but with a $2 bet instead of a $5 bet. As you can see from the table, this strategy is superior to the 1st 1 in almost all aspects, with a chance to win money at over 46% including a more than 13% chance to end up with 200 to $500 even a chance of getting over $500. The only thing that's worse is the possibility of reaching the 100 spin. You're guaranteed to play at least 50 game rounds but need to win at least one of them toe have enough money for 36 more game rounds, and if you win at least two spends, you will reach the 100 spin mark. Taking all of this into account. The possibility of playing the full 100 spends is 61.4%. In exchange for the higher risk of running out of money prematurely, you get a much higher possibility of winning a bigger amount and a smaller average loss of only $4.7 because the overall amount you wager is smaller on average before you ask to get all of these numbers, we ran a 1,000,000 player simulation for each betting strategy in order to get reliable results. What should you take away from this? Higher volatility enables you to have the same or even higher chance of winning big, even when placing smaller bets where a smaller bets make you lose less on average, because the house edge is applied to less money. Overall, even though you lose less on average, you also lose your money much faster. In most cases, that might sound bad, but it's actually good for your expected return because you are not often given a chance toe. Wager your money again and again, statistically losing a part of it each time. To summarize. High volatility gives you a better chance of getting a big win. But it also increases your chance of losing your entire bankroll, which is something you need to keep in mind when deciding how in which games to play. Regardless of the level of volatility you choose, remember that you are always playing at a disadvantage. You might be asking yourself, Is there really no way to beat the casino? To be fair, there have been people who have managed to beat casinos in the past by finding a trick that worked. And there are some strategies that you can use to get the advantage on your side, such as card counting and blackjack or bonus hunting in online casinos. However, these air very complicated to put into practice and definitely aren't for everyone. Chances are, if you are good enough to use these strategies than you can make much more money by investing your time into something else, everybody else will have to satisfy themselves with always playing at a disadvantage. So keep that in mind to the next time you enter a casino because you are always going to lose money. If you keep playing, you might be asking yourself whether you should be playing games of chance at all. The answer to this question depends on what you want to achieve. If your goal is to make money, you should not be playing casino games because these air not a way of making money or solving your financial issues if you just wanna have fun and C Casino games is a form of entertainment that you are willing to pay for by playing at a disadvantage. Go for it. But remember to gamble responsibly and only bet what you can afford to spend.