The finest way to sample slot machine titles is playing the games free. Another way to increase your winning probability is settling for low odds gaming titles. This means that there are games that offer better winning chances including fixed jackpot games, high coin denomination titles and classical slot machines. Yes, classical slots make a list.
If the slot machine gives you more than two times the payout when you put in two times the number of coins, for example, you should max it out instead of playing single coins because you increase your chances of winning a bigger pot, and the expected value is higher. If the machine just gives you k times the payout for k coins, it doesn’t.
Expected Value Slot Machine We always recommend that the player examines the conditions and double-check the bonus directly on the casino companies website. 3 reasons why you should follow us on social media. Win special prizes in quizzes every week 2.

You have two choices when you gamble. You can do what most players do, and rely on luck. The other option is to understand how gambling games work, and make betting decisions knowing the long term outcome before you make your first wager.

As all casino games are designed (in theory) to guarantee a return to the casino, the theoretical win (winnings for the player) is always negative while the expected value, also known as expectation (winnings for the casino) is always positive. However, like with all probabilities, an element of randomness exists. The slot manufacturers set up the probabilities on the amounts in the guarantee so that the expected value of taking the guarantee is the same as that of taking the spins. If the expected values weren't the same, they wouldn't be able to calculate the long-term payback for the machine without also knowing the probabilities that a player would.

Before you learn more about the second option, I want you to understand something. I’m not here to judge you, or even tell you which kind of gambler you should be.

Lots of people enjoy the chance to get lucky playing slots or blackjack and aren’t interested in the work involved in learning more about gambling games.

And it does take some work.

But the good news is that once you do the work you can benefit from it the rest of your life.

In addition, once you learn about expected value, you can use it to find opportunities to beat the casino on a consistent basis.

When a person learns how to look for opportunities t beat the casino, they become an advantage player.

An advantage player knows there are certain ways to beat the casino and is always looking for and exploiting an edge. Becoming an advantage player is even harder work than understanding expected value, but it can be worth the effort.

If you’re interested in learning how to improve your gambling results, this page will help you.

Even if you’re not sure you want to become an advantage player, if you take a few minutes to learn about expected value you can stretch your bankroll and understand which games offer the best value.

In the first section you’re going to learn exactly what expected value is and how to use it. Then I’m going to explain a little bit about how you can use it as an advantage player.

Gambling games are all mathematical based. If you know a few things about how math works and understand the mathematical concepts behind gambling games, you can determine how much you should win or lose on any wager.

I realize that many people are hesitant to dig into math too much. I used to teach math at a small college and many of my students were convinced that they couldn’t do math and / or were scared of it.

Please don’t stop reading just because I mentioned math. You’re going to see that expected value is easy to learn, and everything you need to know is on this page.

Everything you need to know is explained in simple terms and shown using examples so you can learn step by step.

Every bet you make has an expected value. The expected value of a bet is the average amount you win or lose in the long run.

The long run is tens of thousands of bets.

Because all bets have a mathematical base, if you know the correct numbers and formulas, you can determine exactly how much a bet is worth. On any individual bet, you either win or lose.

Here’s an example:

You place a $100 wager on black at the roulette wheel. The roulette wheel is one that has a zero and double zero space. This is usually called an American roulette wheel.

When the ball lands on black you get your $100 bet back and win $100. When the ball doesn’t land on black, you lose your $100 bet.

This is a fairly straightforward bet. You either win $100 or lose $100. But when you make this same bet thousands of times your results get closer to the expected value.

Expected value tells you the exact amount you lose on average on each individual wager. In the short run your results vary quite a bit from the expected value.

On the roulette wheel, there are 38 spaces. 18 spaces are black, 18 are red, and two are green.

You can use this information to determine the expected value of each bet. It’s not hard to work out the numbers, but the good news is you don’t need to work through it like this.

The hard work has already been done.

I’ll share the numbers for popular games below, but seeing how the numbers are determined will help you in the long run.

Because the roulette wheel has 38 spaces, let’s see what happens when you make 38 bets, with the results of the 38 spins landing on each of the 38 possibilities. In the long run, the ball lands on each space an equal number of times, because the results are random.

If you bet$100 on black 38 times your total cost of bets is $3,800. When the ball lands on red or green, you don’t get anything back. When it lands on black you get back your $100 bet and the $100 you win. It lands on black 18 times, so you get back $3,600.

To determine the expected value you use these numbers to determine the house edge for the game.

Here’s how you do it:

Divide the amount you win by the amount you bet. This means you divide $3,600 by $3,800. This gives you .9473684211. Now subtract this number from one. 1 – .9473684211 = .0526315789

This decimal is then converted to a percentage. You convert a decimal to a percentage by moving the decimal two places to the right. We then round the number down, so the percentage is 5.26% for roulette with 38 spaces.

The first decimal you computed represents the amount the casino returns on average on each bet and the second represents the amount the casino keeps on average from each bet. So the pay back percentage is 94.74% and the house edge is 5.26%.

Remember, I mentioned above that the hard work has already been done for you. You don’t have to work through the math in the example for every game.

You can simply see the house edge for popular casino games in the list below.

Take a look at the games and the house edge and you can see that some games have a relatively low house edge and some are much higher.

After you take a minute to look at the list, I’m going to show you how to use the house edge to determine the expected value of any bet you make.

Baccarat player bet	1.24%
Baccarat banker bet	1.06%
Baccarat tie bet	14.36%
Blackjack	.3% to 2% depending on house rules
Craps don’t pass bet	1.36%
Craps pass line bet	1.41%
Craps odds bet	0%
Keno	20% to 30%+
Let It Ride	3.51%
Pai Gow Poker	1.46%
Roulette 37 spaces	2.7%
Roulette 38 spaces	5.26%
Slot machines	2% to 20%
3 Card Poker	3.37%
Video Poker	.25% to 8%

You can see that a few games have a range of house edge percentages. Blackjack, keno, slot machines, and video poker all have a range of possible house edges. Keno and slot machines don’t offer good house edges, but blackjack and video poker both offer the chance to find games

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