The casino industry is worth billions of Dollars each year, and whilst casino operators do make a fortune, many players do win some huge amounts of cash too!
Size of the Online Gambling Market Place
The online gambling market place has been growing in value year on year, and will continue to do so for many years to come too.
2013 – $31.20billion
2014 – $34.81 billion
2015 – $37.91 billion
2016 – $41.77 billion
2017 – $47.11 billion
Types of Casino Venues and Sites
Land Based – Land based casinos can only operates in States, Counties and Provinces that permit gambling and much hold a local or national gambling license.
Online – Online casinos can operate internationally and are accessed via both downloadable and web browser based gaming platforms.
Mobile – You can access a mobile casino site on most mobile devices often by a downloadable casino app.
Understanding House Edges
Each casino card and table game has a built in house edge which is the percentage of players stakes that a casino can expected to win from players on each hand or round played off.
Roulette – French Roulette has the lowest house edge at 1.35%
Blackjack – Microgaming’s Classic Blackjack has a house edge of 0.13%
Baccarat – The Bankers Bet has the lowest house edge.
Pay-Out Percentages
Games such as slot machines and video poker games will return to players over the long term a percentage of the stakes that are wagered on such games.
Slot Machines – The highest denomination slots often have much higher pay-out percentages.
Video Poker Games – Video Poker games can have RTP’s of around the 98% to over 99% ranges.
Casino Comps
Most casinos will give players extras based on how much they wager and not necessarily how much they have lost over one or more sessions.
Standard Comp Club – A standard comp club will award a set number of points when you gamble and will offer a set redemption rate too for turning points into playing credits.
Tired Comp Club – When playing at a casino offering a tiered comp club the more you wager the higher up the tiers you rise and will benefit from lower redemption rates and more comps as you progress through each tier.
Casino Bonuses
Understanding the types of casino bonuses is important as there are so many of them waiting to be claimed, and all online and mobile casinos will be offering you them.
No Deposit Bonuses – No deposit bonuses allow players to claim free chips and credits simply for signing up to a casino site or app.
Deposit Match Bonuses – A deposit is needed to claim a deposit match bonus the value of which can occasionally be over 100% of your deposited amount or sometimes lower.
Free Spins Bonuses – Free spins allow players to play off a set number of no cost spins on slot games and keep any winnings they achieve when doing so.
Cash Back Bonuses – A percentage of your losses will be paid back to you when you claim a cash back bonus.
Casino Games Which Make the Most Profit
There are some casino games that players should avoid placing, as they are the games that have been designed to make the casino operators the highest amount of profit.
Keno – Keno is a number predicting game that players should avoid playing
American Roulette – There are two zeros on the American Roulette wheel which increase the house edge on those games.
6/5 Paying Blackjack – Blackjack games that have a high number of cards in the shoe and pay only 6.5 and not 3 to 2 for a winning players blackjack hand should never be played.
Games with Side Bets – Many card and table games can offer an optional side bet, and those side bets always come with a huge built in house edge so should be avoided by players at all times.
Sources
https://www.statista.com/statistics/270728/market-volume-of-online-gaming-worldwide/
https://www.casinopedia.org/terms/r/return-player-rtp
https://vegasclick.com/gambling/houseedge
https://theoakstreatment.com/gambling-addiction/gambling-addiction-statistics/
https://www.investopedia.com/financial-edge/0910/casino-stats-why-gamblers-rarely-win.aspx
https://www.pbs.org/wgbh/pages/frontline/shows/gamble/etc/facts.html
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