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Tips to Understand Canadian Casino Mathematics

The popular dealer Nico Zographos once said about casino gambling that “there’s no such thing as luck, it is all mathematics” and the statement is very true. That hasn’t stopped Canadian gamblers from believing in luck, though, and they still partake in all sorts of superstitious rituals to help their luck stay super. In reality, casino games are designed to ensure that the house stays profitable. Top-rated $5 deposit casinos 2022 need not sully their hands rigging games; the underlying maths of every game carries out this mission in the long run. Basically, whatever randomness (or luck) that brings you wins is guaranteed to turn against you or others in the long run. An understanding of casino mathematics can go a long way towards educating you on why this is so.

Elements of Casino Mathematics

It is ironic that the lack of understanding (and acceptance) of casino maths usually goes both ways. That’s because maths exists completely in the realm of logic while losing or making money triggers emotions (the antithesis of logic). As such, rather than utilising maths to explain an outcome, people are more likely to find something more emotionally appealing. This inability to accept what we might understand is what spawns gambling superstition. A logical step to eliminating such harmful superstitions would be learning all there are to the elements of casino maths. These elements are:

  1. The House Edge: this is a long-run mathematical value of how much the casino is expected to make per wager. Evidence of a lack of understanding on the part of a player is obvious in the way to flock towards high house edge games. They do so with the dream of a big (but relatively more unlikely) win. The casino shows its ignorance when they offer promos that grant promos to mathematically intelligent players.
  2. Odds: it makes sense that they are called that, considering that they tilt advantage even when they seem fair, and are anything but even. Jokes aside though, odds are computed based on probability. This computing is more straightforward for some games (like roulette) and more complicated for others (such as sports betting). In all cases, though, they represent the chances that an outcome will occur.

There are other elements worth reading up on including RTP, win percentage, theoretical win percentage, expected value and hold percentage. Get to know more also about online casino reviews vs paper magazines in Canada.

Can Maths be Beaten?

Definitely, but not in every game. If you are playing casino games to make money, it’s unlikely that you would be profitable in the long run. It’s why we recommend bankrolls; that way you extend your entertainment and discipline yourself against recklessness. However, there are two games as subject to the skill of the player as they are to the house edge maths. These games are blackjack and poker. Generally speaking, the chances of winning in the former are larger but skill can elevate your chances in poker even further.

This is because where poker has a psychological aspect that confers advantages, blackjack’s profitability is dependent on the “basic strategy”. The basic strategy sort of gamed blackjack and it still holds till today. Beyond these two games though, maths also falters in sports betting. This is due to the human element involved in such games. Where casino games are dependent on randomness (which in the long run obeys the laws of probability), sports are based on solely human performance. Sure, there’s a bit of randomness to them, but theirs is not guaranteed to be rectified in the long run. Players who beat sportsbooks consistently usually incorporate a strategy that looks at bets on a game-by-game basis. Learn also how to play free for chance at the SuperCoach Perfect 9 $300,000 jackpot.

Tips to Understanding Casino Maths

There are no tips to beating casino maths that would hold steady in the long run besides the blackjack strategy. Even that is not always absolute in its results. However, understanding the maths would give insight as to why things turn out the way they do, and the games that are more favourable. That is easier said than done, though. That said, some of the tips that could help are:

  1. Reading up on how the house edge is calculated;
  2. Computing odds to ascertain house advantage;
  3. Brush up on your probability;
  4. Judging promos based on probability to help understand their advantage to casinos;
  5. Learn how to interconvert the major forms of stating odds.

It should be obvious by now that there is little these tips can do to your chances within a game. Regardless, you should note that knowledge of (2) and (4) can help spot profitable flaws in the maths of the casino. Some Canadian online casinos might reserve the right to withhold winnings from the play they consider unfair to themselves (ironic, right). So, read up on their terms and conditions as well.

Why Does the House Always Win?

The house always wins because it’s inevitable. It’s as simple as that and yet it isn’t. This clichéd saying is obviously not referring to every hand, gambling session or player, rather it refers to the total results accumulated over an extended period of time. The house edge that we spoke briefly about is computed over thousands of hands. So, even when a particularly skilled player wins big, natural randomness holds that another would lose big. Even when that correction doesn’t happen, the probability inherent in a game would correct it over time. That’s why the house always wins.

Is This Mathematical Advantage Legal?

100% legal. This is so because players are expected to understand the nature of the games they are getting into. The overwhelming majority do and feel the possibility of winning big is worth the risk. Canadian casinos, on the other hand, run a business and need to maintain staff, facilities, licences etc while making a profit for their owners. Then, there are the regulatory bodies that ensure that this advantage is not further inflated by tampering with gameplay. They do so by testing the RNG of games before they go live. Once tested and proven to meet the licensing requirements of the body, the games are licensed and are fully legal, thus eliminating all claims of illegality.

Conclusion

Casino mathematics is only interesting to mathematicians. At least, that’s what we think, because it’s hard imagining people enjoying churning numbers and probabilities in this way. Nevertheless, some Canadians who have thrived as professional gamblers usually do so by churning numbers. Such people are proof that gambling is all about mathematics and by understanding the maths, you are better positioned to spot opportunities that you would otherwise have missed. If you are simply having fun, then maintaining a bankroll should suffice as enough preparation (except maths is a hobby), but if you are gambling to make money consistently, you need the maths.

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