The Element of Chance in Online Casino Games

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The Element of Chance in Online Casino Games By: CasinoAdvisor.com, Wednesday October 8th 2008 5 Comments Email Print One broad definition of online casino games could be those games that involve an element of chance and are played between the players and the house, and not among players themselves. Some games involve both skill and chance like blackjack, Caribbean Stud poker and video poker, whereas others involve only chance like slots, roulette and keno. All casino games are characterized by an average payout ratio. The average pay out ratio is defined as the amount of money that the online casino pays out on an average per dollar wagered expressed as a percentage. The average payout ratio is governed by the software developed based on the rules of the game. Once the software is frozen then the average payout ratio is independent of any decision made by the player. In online casino games that involve some skill the average payout ratio assumes that the player makes the optimal decisions. In these games the player can increase his chances of winning up to the average payout ratio by learning how to play optimally. However in those online casino games that depend on chance alone, there is nothing that the player can do to improve his chances of winning. Yet there are many online players who believe that they can increase their chances of winning in games like slots, roulette and keno. Some invoke luck using extraneous lucky charms such carrying a "lucky" coin, or wearing a lucky shirt, or rubbing a rabbit foot on the "bet max" button on a slot machine or playing at certain times of the day. The fact of the matter is that the random number generator that determines the outcome of the game is incapable of recognizing any of these activities. Tampering with the betting pattern may appear more erudite but is equally fruitless. For example if a player bets more coins in slots then he will win more if he hits a winning combination but will also lose more if he does not hit a winning combination. The average payout ratio, which is based on per dollar wagered, remains unchanged. Some slots players keep changing the paylines they bet on. They do not stand to gain anything by doing so. Each payline has an equal chance of hitting a winning combination. Some roulette players keep track of the red and black numbers called. If in the past the number of reds called is greater they believe that the chance of the next number being black is greater because in the long run both should be equally called. Neither the roulette wheel nor the random number generator that simulates the roulette wheel remembers the earlier numbers called. Each spin is independent and each time both red and black have equal probability of winning. Acceptance of the fact that games of chance are just that will lead to less frustration and more enjoyment. A useful motto is to play to have a good time with winning as a bonus. Article Tools Email Print Digg Del.icio.us StumbleUpon Comments Add Comment Comment by: Andy B. On: March 27, 2010 Being it as it may that chance is a prevailing factor in most online or land based casino type games albeit they are pretty much the same, there is still an element of skill to many of the games. Games such as blackjack, baccarat, and poker (table and video poker) both have a certain element of skill that if played properly will lower the house edge in certain games significantly as charlie62 has mentioned. Comment by: jerrybrown On: February 22, 2010 I wish we were able to see more games of skill at online casinos as well would definitely make playing online casino slots games more interesting. Other games though are definitely games of skill at casinos (ie. blackjack, baccarat, etc...) most are unfortunately games of chance though. Comment by: Marie Olson On: January 18, 2010 It's unfortunate it is this way as slots games that bear an element of skill to them would certainly be more exciting and engaging to play to say the least. I think that if we could affect the payout of a game though our knowledge or skill that would otherwise just be a game of chance this would make the gambling expereince just that much more interesting and entertaining. Comment by: Angie Kent On: August 10, 2009 Chance will always prevail IMHO unless you're playing games like blackjack or poker (I more mean table poker (ie. Texas Holdem, etc...)) where there is a great element of skill especially in a game like table poker where the game is really driven by strategy. There is still most definitely the element of chance though in that you can never predict how the cards will be dealt. Comment by: charlie62 On: July 01, 2009 Regardless of how you look at gaming whether you're playing in land based casinos or in online casinos chance is the most prevailing element in these games. Slots far more then other land based games and they also have higher holds for the casino then other games like blackjack which yields less then a 1% hold for the house over time with an optimal strategy being played by players. Add Comment You must be signed-in to add a comment: - Sign-in - Register More Articles Chinese New Year Online Slot The Fantastic Sinbad Slot Game Romeo And Juliet In Online Slots Usher The New Year With Fluo Party Valkyrie Online Slot From Elk Top of Page

Casino Articles

The Element of Chance in Online Casino Games

By: CasinoAdvisor.com, Wednesday October 8th 2008

One broad definition of online casino games could be those games that involve an element of chance and are played between the players and the house, and not among players themselves. Some games involve both skill and chance like blackjack, Caribbean Stud poker and video poker, whereas others involve only chance like slots, roulette and keno.

All casino games are characterized by an average payout ratio. The average pay out ratio is defined as the amount of money that the online casino pays out on an average per dollar wagered expressed as a percentage. The average payout ratio is governed by the software developed based on the rules of the game. Once the software is frozen then the average payout ratio is independent of any decision made by the player. In online casino games that involve some skill the average payout ratio assumes that the player makes the optimal decisions. In these games the player can increase his chances of winning up to the average payout ratio by learning how to play optimally. However in those online casino games that depend on chance alone, there is nothing that the player can do to improve his chances of winning.

Yet there are many online players who believe that they can increase their chances of winning in games like slots, roulette and keno. Some invoke luck using extraneous lucky charms such carrying a "lucky" coin, or wearing a lucky shirt, or rubbing a rabbit foot on the "bet max" button on a slot machine or playing at certain times of the day. The fact of the matter is that the random number generator that determines the outcome of the game is incapable of recognizing any of these activities.

Tampering with the betting pattern may appear more erudite but is equally fruitless. For example if a player bets more coins in slots then he will win more if he hits a winning combination but will also lose more if he does not hit a winning combination. The average payout ratio, which is based on per dollar wagered, remains unchanged. Some slots players keep changing the paylines they bet on. They do not stand to gain anything by doing so. Each payline has an equal chance of hitting a winning combination. Some roulette players keep track of the red and black numbers called. If in the past the number of reds called is greater they believe that the chance of the next number being black is greater because in the long run both should be equally called. Neither the roulette wheel nor the random number generator that simulates the roulette wheel remembers the earlier numbers called. Each spin is independent and each time both red and black have equal probability of winning.

Acceptance of the fact that games of chance are just that will lead to less frustration and more enjoyment. A useful motto is to play to have a good time with winning as a bonus.

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Comment by: Andy B. On: March 27, 2010
Being it as it may that chance is a prevailing factor in most online or land based casino type games albeit they are pretty much the same, there is still an element of skill to many of the games. Games such as blackjack, baccarat, and poker (table and video poker) both have a certain element of skill that if played properly will lower the house edge in certain games significantly as charlie62 has mentioned.

Comment by: jerrybrown On: February 22, 2010
I wish we were able to see more games of skill at online casinos as well would definitely make playing online casino slots games more interesting. Other games though are definitely games of skill at casinos (ie. blackjack, baccarat, etc...) most are unfortunately games of chance though.

Comment by: Marie Olson On: January 18, 2010
It's unfortunate it is this way as slots games that bear an element of skill to them would certainly be more exciting and engaging to play to say the least. I think that if we could affect the payout of a game though our knowledge or skill that would otherwise just be a game of chance this would make the gambling expereince just that much more interesting and entertaining.

Comment by: Angie Kent On: August 10, 2009
Chance will always prevail IMHO unless you're playing games like blackjack or poker (I more mean table poker (ie. Texas Holdem, etc...)) where there is a great element of skill especially in a game like table poker where the game is really driven by strategy. There is still most definitely the element of chance though in that you can never predict how the cards will be dealt.

Comment by: charlie62 On: July 01, 2009
Regardless of how you look at gaming whether you're playing in land based casinos or in online casinos chance is the most prevailing element in these games. Slots far more then other land based games and they also have higher holds for the casino then other games like blackjack which yields less then a 1% hold for the house over time with an optimal strategy being played by players.

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