Some online casino members play for the love of the games, some members play for the adreneline rush, and some members play for the money.
Money isn't everything, everyone knows that, but gambling can be a lucrative hobby, it'd be stupid to pretend otherwise. That being said, did you know that some games are much more profitable than others? By checking a casino game's stats, you can work out how much you're likely to win, and which games are best to avoid. Furthermore, you can work out if you're favoruite casino game actually has a chance of winning you the big bucks.
How To Work out the Profitabilty of a Casino Game
The profitability of casino game can be worked out by it's house edge. A house edge is the phrase used to describe the mathematical advantage that a gambling game, and therefore the casino, has over you as you play over time. However, these figures are not always published. Instead, casino players should try to find a game's return to player rate (RTP), which can usually be accessed somewhere on site.
A game's RTP represents, essentially, the rate at which you'll recieve your money back. However, as always in life, it's a little more complicated than that. RTP rates are the percentage of total wins, over the total stakes player, yet they're always theoretical. The RTP percentage is calculated by looking at an extended period of play, so it doesn't accurately represent what will happen each time you play. For instance, if a game was advertised with an RTP rate of 95%, it'd be foolish to expect to win 95p back for every £1 you wager. Of course, if it did mean that, why would anyone play the game, as it would mean you're destined to lose.
Instead, the RTP considers how many people are playing too. This means that sometimes you 95p could be going towards someone else's win. As we mentioned earlier, one of the most appealing aspects of gambling is the adrenline rush, which all comes down to the uncertainty of the game. For instance, you could be walking away from the casino with 10 other people's 95p and winning a total of £9.50.
Once you've worked out a casino games's RTP, you can also work out the house edge. The house edge is, in fact, the exact opposite of the RTP. So if a game has an RTP of 95%, it also has a house edge of 5%. The house edge is how you work out if a game is worth playing; neither of these figures can predict what will happen in your current gaming session, but they do predict the long term results of the game, and therefore, show how generous and profitable it is.
Now we've talked you through how to work out exactly how profitable a game is, how do your favourite games stack up?
Many people talk about how rewarding table games are. Some people swear by blackjack, some gamers love the roulette wheel. Whatever their vice, you may hear the phrase ‘beat the house' come out of their mouths from time to time.
That being said, table games are not actually all too profitable. Most table games have an RTP of 95% or less. This is nothing to sneer at, but it does leave them falling behind other types of games. The benefit, however, of playing table games is that some titles do require some sort of skill. This can be improved on over time, to eventually give you a better chance at winning big.
Online slots are often the butt of table games player's jokes. This is because they are easier to play, and don't require an ounce of skill. Instead, players simply hit a button, and the game's RNG decides whether they'll walk away a winner or not. This means that many people may think that online slots are less profitable than table games. They would, however, be wrong to think this.
In general, online slot RTP's can range between 89% and 99%. Of course, not all machines are this generous – or even, as mean. Usually, a slot should have an RTP of at least 95%, especially if you're playing with a respected software developer. We'd never recommend you play a slot with an RTP of any lower, and this means you're getting a lower house edge than most table games.
Moreover, progressive jackpot slots, and high volatility slots, offer you the chance of turning pennies into millions. These kinds of games will, as is to be expected, have a lower RTP, but this is because they're saving up your 95p (if we are to use the example we used earlier), to create one huge payout. This is why progressive slot hunters track the patterns of the slot, to see when enough money has been pooled for the slot to be on the brink of paying out the jackpot.