Whether you gamble in Vegas or are part of the new breed of online casino gamblers, if you want to be a successful gambler, it is crucial that you fully understand online gambling odds when playing, betting, spinning or calling etc.
In everyday conversation, people use the words ‘odds’ quite a bit. When was the last time you heard or said, ‘What are odds that…?’ or ‘What are the odds!’ or ‘The odds are…’ etc. Odds are all around us and effect our everyday lives in terms of the decisions we make, for good or bad.
In online gambling, the odds are like a mask to a SCUBA diver. Without a good understanding of the odds, an online gambler may as well as use their betting money to make paper airplanes and fly them off the nearest bridge!
But what are casino game odds? In short, casino game odds are the mathematical representation of the basic probability of a potential outcome. Take, for example, the coin flip before a soccer game. A coin only has two sides, and therefore only two possible outcomes or results. Thus, the odds of either heads or tails coming up are 50%, or as expressed in ratio form as 1:2 or 1 to 2.
These odds are easy to calculate because we are dealing with a 2-sided coin with only 2 possible results. Imagine how complex the odds become when dealing with a deck of 52 cards or two 6-sided dice, or the numbers, and ‘black’ or ‘red’ of a roulette table etc. Now things are getting pretty complicated!
However, do not despair. The objective of this article is to simply make you aware of the importance of exclusive online gambling odds when gaming. There are plenty of good internet casinos sites – find the best here at top10onlinecasinos.biz – that explain odds in great detail as well as many gambling publications available in good bookstores. Good Luck!