New live casino
A widespread thesis is that in gambling, only new live casinos emerge as the winners. On the other hand, in the past, there have been many lucky ones who have made casino games rich and prosperous. So the house doesn’t always win, right?
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So we want to shed some light on the subject and examine it from different perspectives. What about each player’s chances of winning? For example, who benefits from 5 pounds for free with a no deposit bonus and what is the difference between online and offline casinos?
New live casino – The house edge
It should be clear to all players from the outset that all gambling sites are run for profit and do not operate under the guise of charity. As with any other business enterprise, the operating concept is generally designed for financial gain. The general average of the so-called house advantage in the casino is based on this in the long run. The profit of a gambling operator results from a long-term calculated proportional percentage of the total bet of all players.
Generally speaking, for example, the operating costs of license fees, website and customer service to provide a smooth online gaming service are lower than the costs of facilities, inventory and costs of staff of a traditional casino. Typically, the cost of getting the latest casino games release is passed on to their customers through a low house edge of just 4-5 per cent. Payout percentages vary by game genre, as can be seen from the average RTP (return to player) of individual game developments.
Common pay rates for online games
- Slot machines 95-96% on average
- Table games and video poker 97-98%
- Live matches on average more than 96%
The range between the different versions of the game varies from less than 80% to 99%, as with some variants of blackjack or baccarat. Therefore, each recreational player can calculate the odds of winning over a longer period of time and then make their individual game selection.
A long-term probability calculation should in no way be understood as a guaranteed profit forecast for each individual player. Despite all the odds, the unpredictable factor of chance only makes the final decision in any game of chance. So at the same time, somewhere in the world, a fabulous jackpot worth millions is smashed and elsewhere, consequently, many losers struggle with a long streak of bad luck.
Luck is always based on sheer chance and cannot be calculated or forced. However, each gaming enthusiast can determine their own stop loss and optimize the chances of winning.
Additional chances of winning
As mentioned above, the cost of managing one of the best UK online casinos is less than that of a local casino, while at the same time achieving a higher rank. However, this also implies a significant disadvantage for all casino operators, as the gigantic competition from the international iGaming industry is only a click away. That is why most of the new live casinos use a large part of the cost savings for effective advertising methods in the form of casino promotions.