Some people dedicate significant time and resources to grasping different game probabilities based on math. It’s unnecessary to solve complicated math problems, like those to mine Bitcoin. You need to be able to calculate risk and have some knowledge of probability.
To continue with the cryptocurrency analogy: in the 1500s, Gerolamo Cardano penned one of the first manuals in gambling, outlining the probability of certain things occurring. For instance, just one of 36 combinations will be two sixes. According to some, Cardano was behind the theory of probability, paving the way for a new area in math analysis.
Rules of Probability
The same rules apply regardless of what game you’re playing: poker, online slots, etc. To determine the risk, you consider the anticipated value, the likelihood of winning, the bet placed, the volatility, and how long the game is.
Of all these concepts, the volatility index is the hardest to grasp. It lets you know how much you stand to win relative to the anticipated value. More specifically, it shows you the odds of winning more than expected.
Online Casinos are (Sometimes) Easier to Beat
This is because there’s less pressure online, which makes working the probability out less challenging. Games like blackjack favor math more than others. In addition, some casinos are harder to crack than others. For example, there is no evidence to suggest New York online casinos have ever been beaten.
Is Blackjack the Easiest to Crack?
Your blackjack strategy should be based on decisions related to the hands played. A land-based casino is less favorable to strategy charts. It’s a different story if you’re playing blackjack online.
It’s no coincidence that the most significant crack in history happened in blackjack. Some students from MIT found this game was the only beatable one back in the 1990s and started visiting the biggest Las Vegas casinos. They won more than $400,000 once.
Most interestingly, they didn’t ‘cheat’ the casino in any way. All they did was use math to their advantage. They counted cards to forecast the probability of the next card they would draw. Many people use this concept today.
Is This Time Worth Investing?
Imagine spending hours applying math to reduce risk, studying probability, and more. Is it worth it? Yes, but using math to improve your outcome in a land-based casino is much more complex. This isn’t to say it’s impossible, even though the way people play games and deal cards has changed.
Most people rely on luck and play for fun. The cash rewards for players willing to take time to learn how to play are more substantial.
There’s no doubt math can increase the probability of winning. Articles and YouTube tutorials can clarify some mathematical approaches to win without overcomplicating things. Many pros use math to their advantage today.