Burning Casino Probability Questions
Casino probability questions are the most frequently requested at casinos in New Zealand. If you’ve ever had burning questions about casino probability, then this guide is for you. We’ve compiled every question ever asked about how odds work for games, bonuses, and general prizes below to help any player find what they need. In addition, we’ve tried to write in an informative way and give helpful answers. So, read on to get the best answers for those burning casino probability questions.
Before we begin, we have to note that most of these questions will answer in a general way. For game-specific probabilities, we’ve got expanded guides for NZ players. After all, each game is unique and each variant can differ widely from the norm. If you’d prefer to skip to the best real-money online casino sites, we’ve listed them first below.
Most Popular Casinos in NZ
Best Casino Probability Questions Page Links
- What is a game of chance?
- What is the house edge?
- How do casinos use probability?
- What casino game has the best odds for a payout?
- What kind of odds do slots offer?
- What is Gambler’s Fallacy?
- Are games of chance bad?
- What are RNGs & why do they matter?
- What is a payout percentage?
All Casino Probability Questions
A game of chance is any entertaining game that doesn’t require skill to win. Most casino games fall under this definition because they are made to have differing odds and be difficult to cheat at.
House edge refers to the advantage the casino has over players. In most cases, it’s used to ensure that some of the cash goes to the casino over time. However, NZ players should be aware that it doesn’t mean that games are rigged. It’s used to ensure that casinos can keep operating through careful manipulation.
All casinos use probability to ensure that there are chances of winning and losing for each game. These are manipulated to skew the odds in favour of the casino. There are some mathematical equations involved to make this possible, but working them out won’t guarantee a win. In essence, most cheaters try to physically affect a game instead of going against the maths of casino probabilities.
Generally, Blackjack, Roulette and Craps have the best odds because they are relatively fixed to remain the same over multiple rounds. Here’s a quick breakdown to help players decide:
- Blackjack – usually, Blackjack has a 0.13% house edge and a 99% casino probability for a payout.
- Craps – the house edge in Craps starts at 0.6%, depending on where you play.
- Roulette – while Roulette has the highest edge of the three games at 2.7%, it rarely goes over for bets.
Pokies vary in terms of payouts, but small wins are fairly consistent. Typically, pokies offer 80% to 95% for payouts, making the house edge roughly 5% to 15%. However, there are no guarantees of winning with the casino probability sitting as it is.
This phrase usually refers to a steadfast belief that outcomes during casino games aren’t random and can be predicted or influenced. However, modern games are well regulated and using the logic rarely pays out. Casino probability works for a reason, and it’s not susceptible to influence. Even if you work out each income, there has to be some leeway for a bad outcome.
No, but they can influence your life negatively if you become reckless. By establishing personal limits, you can avoid these effects.
Random Number Generators (RNGs) create completely random games using casino probability and algorithms. Conversely, this technology can’t be hacked, and will usually be used for pokie machines and online games. Still, a lack of RNGs for any game can indicate cheating on the casino’s part.
This is the rate of payouts made by the casino for pokies. Payout percentages are worked out by comparing the bets made and the bets paid out. Nevertheless, they are not a guarantee that you will win the jackpot every time.