By Location: Land-based vs Online Slots. Now, another slot categorisation is made in accordance with their location - either they are land-based or online. Slot machines that can be played physically are predominantly located in real world casinos, but they can also be found at hotel lobbies, at the airports or elsewhere. Gambling is one of those industries that attract mixed reactions from different parts of the world. The industry has been growing steadily over the past few decades and is expected to reach 92.9 billion U.S. Dollars in 2023. Technology has played a major role in the development of the gambling.
Online gambling is getting more and more popular due to the conveniences that players acquire. With online casinos, we can play casino games from our house, on the streets, and from various devices such as mobile phones, PCs, tablets, etc. Registration and payment services are also very convenient in online casino portals. These advantages helped online casinos to grow over time. Most of the land-based gambling games are available in online casino portals. We can play online casino games whenever we want in the current hi-tech environment. The quality of the casino games is increasing by adjustments such as video game graphics, 3D, VR, real-time strategy, etc. This post aims to cover various types of online casino games and give detailed information about them. So, let’s start with the first game, which is video poker.
Poker
Our list of casino games starts with one of the most popular casino games – Video Poker. Video Poker is a casino card game that played though drawing five cards. It is a version of classic poker that optimized for console screens. In online casinos, players have the chance to play poker with millions of people from all around the world. In this game, building, logical strategies are an essential factor for becoming a good poker player. Video poker games are not different from actual poker. The rules and gameplay of the game stay the same. The main advantage of poker in an online casino is payout rates. In most video poker, payout percentage stands at ninety-nine point ninety-two percent that is higher than almost any online casino games that you can imagine. It is effortless to learn video poker, but it is hard to master this game. Let’s discuss the gameplay and rules so that you can clearly understand the scheme of the game.
As we mentioned before, the rules of video poker are easy. Most of the time, online casinos offer Texas Hold’em poker type, that is why we will talk about the rules of that online casino games. In video poker, every player gets two cards randomly at the start. After that, players are using those cards with the addition of five shared community cards that the dealer gives them. The objective in this online casino game is to create the most prolific five-card combination out of the tags that you have.
Gameplay
The winner of this online gambling game is a player that has the best hand or the one that gets other players to fold. In video poker, there are four rounds that players can bet. In each of those rounds, the player can put all of their chips on the table and continue to play. That feature is a little bit risky while you are playing in online casinos because the chances of you getting double or triple chips are equal to the chances of losing everything in the game. Video poker is an exciting game because players can use their winning strategies, number crunching, psychological aspects, and get the win with combinations of those mentioned aspects.
Winning Combinations in Video Poker Online Casino Games
In Video Poker players can create various winning combinations that can help them get chips. Below, we will show you winning hand possibilities.
#1 The first one is one of the simple combinations of video poker, which is Royal Flush. In this combination, players need to collect cards that all belong to the same suit. Sequence for these combinations can be A-K-Q-J-T.
#2 Second winning combinations is called Straight Flush. In video poker, if the player could collect any series of same suit cards, they will have the chance to win. For example, a combination of five cards in Straight Flush looks like this: Nine-Eight-Seven-Six-Five
#3 Third winning combinations in video poker called four of a Kind. It means that the combo includes four cards that have the same value. For example, if a player has four A’s in his hand.
#4 Fourth combinations for winning video poker game is called Full House. In this combination, the player needs to have three of the same kind of cards and one pair of tickets in sequence to win the game.
There are also several combinations such as three of a kind, two pairs, pair, high card that can be helpful for you to win poker games in online casinos.
Slots
Another online casino game type on our list of casino games is slot games. Slots are among the most accessible online casino games, and rules of the game include only rows, reels, and buttons. Players do not need to use strategy or anything to enjoy this casino game. Online slots have several symbols that portray mainly fruits, animals, myths, historical objects, some letters, and numbers. To play slot games, you need to make a deposit on pay lines and push the start button.
Winning combinations for online slots depends on the symbols that are appearing on reels. If at least three of them are matching, players are winning that round. There are also particular figures, such as scatter and wild symbols, in slot games. In most of the slots, scatter symbols used for getting bonuses such as re-spins, free spins, and bonus rounds. Wild symbols are correspondent to activating multipliers and replacing other symbols so that you can form a winning combination
Baccarat
Baccarat is a very unique and exciting card game that players can also play in online casinos. The game does not require much skill because it is based on luck. Simplicity makes Baccarat very popular and widely known. Online casino games like Baccarat were mainly entertainment of royalties in the early centuries; however, now everybody can access this fantastic card game.
Card Values in Baccarat
Baccarat does not have standard features with other card games. In most of those online casino games, the highest values are given to Queen, King, and Ace, etc. In Baccarat, those cards are considered as lower value cards, and they are carrying only one point. Cards have values from two to nine, and they are taking the same amount as their indication number. Numeric numbers are significant while playing Baccarat. The suit of the cards is not essential for this game. For instance, spades, hearts, clubs, and diamonds all have the same values unless the numeric number of those cards differs from each other.
Objective and Game Play of Baccarat
The objective of the game for players is to collect cards that have an overall value equal to nine. In that case, the player will win the game of Baccarat in online casinos. Play starts with two players, and they are getting two cards at the start. If those two cards’ values are equal to eight or nine, one player wins that round. If natural win does not happen, of card dealer bot gives players additional cards, and the game continues at this pace.
As we talked throughout the article, there are many types of online casino games. Some of them are based on luck, and others require skills to earn rewards. One common feature of all those games is entertainment value, which is very high in online casino games. If you are fond of casino games and want to learn about various types of them, make sure to read the article. Whats a high roller. Good luck!
Slot machines are a popular type of casino game.
Games available in most casinos are commonly called casino games. In a casino game, the players gamble cash or casino chips on various possible random outcomes or combinations of outcomes. Casino games are also available in online casinos, where permitted by law. Casino games can also be played outside casinos for entertainment purposes like in parties or in school competitions, some on machines that simulate gambling.
Categories[edit]
Overhead view of a casino floor with table games (bottom) and slot machines
There are three general categories of casino games: gaming machines, table games, and random number games. Gaming machines, such as slot machines and pachinko, are usually played by one player at a time and do not require the involvement of casino employees to play. Tables games, such as blackjack or craps, involve one or more players who are competing against the house (the casino itself) rather than each other. Table games are usually conducted by casino employees known as croupiers or dealers. Random number games are based upon the selection of random numbers, either from a computerized random number generator or from other gaming equipment. Random number games may be played at a table or through the purchase of paper tickets or cards, such as keno or bingo.
Some casino games combine multiple of the above aspects; for example, roulette is a table game conducted by a dealer, which involves random numbers. Casinos may also offer other type of gaming, such as hosting poker games or tournaments, where players compete against each other.
Common casino games[edit]
Notable games that are commonly found at casinos include:
Table games[edit] | Gaming machines[edit] | Random numbers[edit] |
House advantage[edit]
Casino games typically provide a predictable long-term advantage to the casino, or 'house', while offering the players the possibility of a short-term gain that in some cases can be large. Some casino games have a skill element, where the players' decisions have an impact on the results. Players possessing sufficient skills to eliminate the inherent long-term disadvantage (the house edge or vigorish) in a casino game are referred to as advantage players.
The players' disadvantage is a result of the casino not paying winning wagers according to the game's 'true odds', which are the payouts that would be expected considering the odds of a wager either winning or losing. For example, if a game is played by wagering on the number that would result from the roll of one die, true odds would be 5 times the amount wagered since there is a 1 in 6 chance of any single number appearing, assuming that the player gets the original amount wagered back. However, the casino may only pay 4 times the amount wagered for a winning wager.
The house edge or vigorish is defined as the casino profit expressed as the percentage of the player's original bet. (In games such as blackjack or Spanish 21, the final bet may be several times the original bet, if the player double and splits.)
A European roulette ('single zero') wheel
In American roulette, there are two 'zeroes' (0, 00) and 36 non-zero numbers (18 red and 18 black). This leads to a higher house edge compared to European roulette. The chances of a player, who bets 1 unit on red, winning is 18/38 and his chances of losing 1 unit is 20/38. The player's expected value is EV = (18/38 × 1) + (20/38 × (−1)) = 18/38 − 20/38 = −2/38 = −5.26%. Therefore, the house edge is 5.26%. After 10 spins, betting 1 unit per spin, the average house profit will be 10 × 1 × 5.26% = 0.53 units. European roulette wheels have only one 'zero' and therefore the house advantage (ignoring the en prison rule) is equal to 1/37 = 2.7%.
The house edge of casino games varies greatly with the game, with some games having an edge as low as 0.3%. Keno can have house edges up to 25%, slot machines having up to 15%.
The calculation of the roulette house edge was a trivial exercise; for other games, this is not usually the case. Combinatorial analysis and/or computer simulation is necessary to complete the task.
In games which have a skill element, such as blackjack or Spanish 21, the house edge is defined as the house advantage from optimal play (without the use of advanced techniques such as card counting), on the first hand of the shoe (the container that holds the cards). The set of the optimal plays for all possible hands is known as 'basic strategy' and is highly dependent on the specific rules and even the number of decks used. Good blackjack and Spanish 21 games have house edges below 0.5%.
Traditionally, the majority of casinos have refused to reveal the house edge information for their slots games and due to the unknown number of symbols and weightings of the reels, in most cases it is much more difficult to calculate the house edge than that in other casino games. However, due to some online properties revealing this information and some independent research conducted by Michael Shackleford in the offline sector, this pattern is slowly changing.[1]
In games where players are not competing against the house, such as poker, the casino usually earns money via a commission, known as a 'rake'.
Standard deviation[edit]
The luck factor in a casino game is quantified using standard deviations (SD).[2] The standard deviation of a simple game like roulette can be calculated using the binomial distribution. In the binomial distribution, SD = √npq, where n = number of rounds played, p = probability of winning, and q = probability of losing. The binomial distribution assumes a result of 1 unit for a win, and 0 units for a loss, rather than −1 units for a loss, which doubles the range of possible outcomes. Furthermore, if we flat bet at 10 units per round instead of 1 unit, the range of possible outcomes increases 10 fold.[3]
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- SD (roulette, even-money bet) = 2b√npq, where b = flat bet per round, n = number of rounds, p = 18/38, and q = 20/38.
For example, after 10 rounds at 1 unit per round, the standard deviation will be 2 × 1 × √10 × 18/38 × 20/38 = 3.16 units. After 10 rounds, the expected loss will be 10 × 1 × 5.26% = 0.53. As you can see, standard deviation is many times the magnitude of the expected loss.[4]
The standard deviation for pai gow poker is the lowest out of all common casino games. Many casino games, particularly slot machines, have extremely high standard deviations. The bigger size of the potential payouts, the more the standard deviation may increase.
As the number of rounds increases, eventually, the expected loss will exceed the standard deviation, many times over. From the formula, we can see the standard deviation is proportional to the square root of the number of rounds played, while the expected loss is proportional to the number of rounds played. As the number of rounds increases, the expected loss increases at a much faster rate. This is why it is impossible for a gambler to win in the long term. It is the high ratio of short-term standard deviation to expected loss that fools gamblers into thinking that they can win.
It is important for a casino to know both the house edge and variance for all of their games. The house edge tells them what kind of profit they will make as percentage of turnover, and the variance tells them how much they need in the way of cash reserves. The mathematicians and computer programmers that do this kind of work are called gaming mathematicians and gaming analysts. Casinos do not have in-house expertise in this field, so outsource their requirements to experts in the gaming analysis field.
See also[edit]
References[edit]
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- ^'Michael Shackleford is the wizard of odds'. Observer. Retrieved 13 October 2015.
- ^Hagan, general editor, Julian Harris, Harris (2012). Gaming law : jurisdictional comparisons (1st ed.). London: European Lawyer Reference Series/Thomson Reuters. ISBN978-0414024861.
- ^Gao, J.Z.; Fong, D.; Liu, X. (April 2011). 'Mathematical analyses of casino rebate systems for VIP gambling'. International Gambling Studies. 11 (1): 93–106. doi:10.1080/14459795.2011.552575. S2CID144540412.
- ^Andrew, Siegel (2011). Practical Business Statistics. Academic Press. ISBN978-0123877178. Retrieved 13 October 2015.
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