Pro & Cons of Online Gambling

If you are a gambling freak and cannot travel to Las Vegas, then you should be seriously thinking of gambling in online casinos. Online casinos not only provide the peace of mind and the relaxed atmosphere that is lacking in a real one, but also the convenience of gambling while sitting in your computer room. Imagine playing at a noisy local casino unable to focus on your next move. Online casinos give you the opportunity to choose the environment and the ambience you want to have while playing.

Surprisingly online Casinos offer some interesting advantages over real casinos. Playing online is much simpler than playing in a real one especially for a newbie. You can take hours before playing your next hand, which is not possible in a real casino where your opponents would get irritated and impatient by the time you take before playing or by the question you keep asking regarding the rules.

For a beginner sitting at a real poker table can be quite intimidating. They surely will feel like they are at the wrong place especially with experienced campaigners sitting around them. But the online poker gives anonymity to the gambler which encapsulates the beginners’ anxiety. Before playing a game they have an option to watch and learn from an on going game. Also online casinos provide beginners’ with tutorials and practice games, which are useful for learning the game. Some sites have these helpers for beginner in the form of buttons labeled for different actions. They also include some on-screen popups which help in making suitable actions.

Like explained before in the article online casino allows you to choose the environment suitable to you, unlike certain land based casinos where smoking is prohibited and so is talking on cell phones. You could do all these things while playing online. Also one doesn’t have to worry about their dress code or opponents while playing online. Incase you don’t understand English you don’t have to worry because online casinos are multilingual and hence you can play in which ever language you are comfortable with. Also there is no fear of getting robbed while walking through large and dark parking lots, while playing online. Online casinos accept payments through Credit cards, Debit cards, PayPal and NETeller, etc. which are much lenient than the ones in real casino.

Even though there are many advantages of playing in an online casino, there are some intriguing disadvantages too in gambling from you personal computer. First of all would be the possibility of not receiving the winning amount. Although safeguards are in place for this to not happen it is still a possibility. Secondly downloading software’s from unknown casino sites might result in downloading actually viruses and trojans. This would eventually hurt your computer as well as your bank account. Finally, the convenience of accessing and the anonymity one gets while gambling online can prove to be extremely disastrous for those who are addicted to gambling.

Progressive Jackpot Odds and Probabilities

Calculating odds and probabilities for classic slot machine games with 3 reels with 10 symbols on each reel is simplicity itself. You simply multiply the chances of hitting the correct symbol on each real times the chances of hitting it on the other 2 reels. The formula looks like this in fact:

1/10 X 1/10 X 1/10 = 1/1000

A brief explanation: if there are 10 possible symbols on each reel, then the chances of hitting 1 of those 10 is 1/10. The chances of hitting that same symbol on all 3 reels is the product of the chance of hitting it on each reel.

A casino makes its money by having payouts that aren’t equivalent to the true odds of hitting the jackpot. In a case where you have a 1 in 1000 chance of hitting a jackpot, if you paid out 999 to 1 or 998 to 1, the difference in the payout versus the actual odds would be your resulting profit.

But progressive jackpots are sometimes tremendous. Sometimes you can even find progressive jackpots of $1 million or more. In order to accomplish this, slot machine manufacturers had to become programmers, because realistically, a mechanical slot machine was limited to 3 or 4 reels with 20 or so symbols on each reel. A mechanical slot machine’s reels are actual strips of metal, and having more than 20 symbols on each of them made them too large to actually operate the machine.

But with a random number generator program, a casino can set up “virtual reels” with an unlimited number of symbols on each. They can also set up multiple reels. Since the odds of hitting the jackpot become much smaller, the amount of the jackpot can become much larger.

Here’s what the odds of hitting the jackpot are on a 3 reel machine with 30 symbols, and for a 5 reel machine with 30 symbols:

1/30 X 1/30 X 1/30 = 1/27,000

1/30 X 1/30 X 1/30 X 1/30 X 1/30 = 1/810,000

If the odds of hitting the jackpot are 1 in 810,000, you could easily have a payout of $500,000 or even $600,000 and still maintain a solidly profitable slot game.

Since progressive jackpots grow constantly until someone hits the jackpot, you could theoretically make a positive expectation bet on a slot machine game, IF the jackpot were large enough. In the above example, if the jackpot were $810,001, you’d be making a positive expectation bet.

The problem is that the slot machine manufacturers don’t make it that easy. They use algorithms in their random number generator software that set up a % payout, so it’s unknowable to a player what the dollar amount on the jackpot must be to have a positive expectation bet.

If I only knew the settings for Cash Splash or Wow Pot, maybe I could wait until the jackpot were large enough to play, and make positive expectation bets all the time. But on the other hand, just having fun is usually positive expectation enough to suit me.

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