wagering free spin calculator online casino

Let’s pretend you play Blackjack with a 3% house edge, and you wager 100€ in total, you will theoretically lose 3€ Obviously this number could be a lot bigger or smaller. Simply for calculating your Casino game EV you need 2 variables: First we need to calculate the EV of the casino game There is no question to if this works or not, you simply can’t beat the math. As long as you only take advantage of positive EV you will surely beat the casino in the long run. In short this is a concept in probability describing the average outcome of a bonus. We will call it EV, short for Expected Value. Our aim is therefor not to beat the casino, it’s to find out where we have a positive edge on our expected value. We are not here to gamble even tho this a gambling strategy guide, we are here to calculate the expected value.

And instead aim for a positive Expected value before betting. House Edge (HE %)Īs seen above you should not aim for a long term profit. Starburst has a RTP of 96,1% meaning that over time this slow will keep about 3,9% of the money deposited and return about 96,1% to the players. As starburst is a very popular slot at the moment we will use is as an example. And they account for a massive amount of all gaming revenue.įor simple games like slots, the House Edge is the opposite of RTP. To give you an idea, typically casino games have the following house edge percentages:ĭespite slots being worst of these 3 example they are still undisputed kings of online casino. Since the house edge is in favor of the casino, you always want to find games with as low house edge as possible. Obviously this doesn’t count as cheating as it is absolutely fair for a business to aim for a profitable structure to cover their costs with reasonable profit. On most casino games there is House Edge to makes you lose in the long run. Odds are statistical likelihood of a predicted outcome.įor example betting on heads or tails has a ration of 50-50 or 1:1 chance of winning or losing. The basic terms we need to understand for this is Odds, House Edge and RTP Yes you can turn a bonus cash into real money. However, when the bonus comes in play, the rule of the game changes. Let me reiterate that you can not beat Casino for long term due to the built-in house edge. Lots of people spend & lose without knowing the real value of their casino bonus.

Wagering free spin calculator online casino