The following principles are the basis of several casino systems that can give you greater chances of winning. Be sure to meet them and apply them when you can!
One of the primary principles: Risk of ruin
The risk of ruin is a concept of the world of finance that basically indicates the probability that you lose enough money so that you cannot continue playing. This is a term that takes into account your expected value, the house advantage and the variance of each game. The risk of ruin is a complex mathematical concept that you don’t have to learn. Simply search the Internet for a debris risk calculator designed for the game that interests you.
Calculate the probability of reaching a goal before you spend all your money. The risk of ruin is a concept that can help you if you want to know what the probability is. That you double your casino balance by playing roulette before Spend all your money. The risk of ruin will also help you if you want to know how long your balance will last if you follow a regular game pattern. Do you wonder how many times you have to bet $ 100 in blackjack games until you finish your balance, taking into account that sometimes you win?
Volatility: an important concept to learn
Volatility refers to the frequency and volume of game prizes. A game with high volatility such as a progressive slot joker Motobola, delivers huge prizes with a low frequency. While a game with low volatility delivers low, but steady prizes. Volatility can help you choose casino games according to your personality.
If you are a risky person with time to play a single game and a good balance, it is a good idea to choose titles with high volatility. On the other hand, if you just want to have fun and take care of your money, choose games with low volatility. Volatility is usually expressed with the standard deviation symbol.
Variance: third item on our list
Variance is a concept related to the volatility and advantage of the house. And indicates the probability that you will enter a winning or losing streak. Obviously, the greater the variance of a game, the higher the chances of entering a run, and winning or losing a lot of money.
Variance is a term intrinsically related to volatility. After all, the greater the volatility, the higher the variance of a game. Some games with high variance are – slots, video poker, keno, bingo, bets for a number in roulette, etc. Some games with low variance are – blackjack, baccarat, craps, pair bets in roulette.
Conclusion: Expected value
The expected value refers to the amount of money you can win or lose if you repeat the same bet many times. Does the definition sound familiar? That is because, in the world of online casinos such as link dafter joker, the expected value is the same as the house advantage. For example, European roulette has a house advantage of 2.7% and an expected value of -2.7%.