Are Casino Games Rigged? RTP, House Edge, and More
Anyone who has ever lost at a casino online or offline may have questioned...
What determines if the game is rigged or not?
This is a reasonable question. If you have ever lost your hard-earned money, you want to make sure that the casino is legitimate and you weren't cheated.
So, ARE CASINO GAMES RIGGED?
This article will help you understand what rigged is and explain how casinos make their money.
Let's first define what "rigged" actually means.
Are Casino Games Rigged?
This is a complex question because all casino games are rigged against the house. The house always wins. We've all heard it before. Because the casino has a mathematical advantage on every game they offer, that is true.
You are not gambling at the casino when you play. However, just because the casino has a mathematical advantage, which we will explain in detail in a moment, does not necessarily mean that the games have been rigged.
As long as the rules and regulations are clearly established by the casino and followed exactly, then I don't think any casino game is rigged. If the rules and regulations are not followed by the casino, it must be questioned if it is rigged.
FOR BRICK AND MOTOR CASINOS
This could be the case if a casino offered blackjack, but took some of their aces out to limit the number blackjacks that a player could hit. They also offer craps games where the dice can be manipulated in a way that the rolls are predetermined.
It is a red flag that something might not be right if the exact payouts are not listed on the layout of a table game or in the options menu for a slot machine.
Online casinos that don't pay winning bets promptly or accurately are considered rigged.
Gamblers may believe that if one game has more money than another, it is an indication that the game is rigged. However, each game is designed with a specific edge or hold and no two games will pay the same percentage.
Please Note:
Blackjack is more popular than Baccarat. Slot machines are more popular than Blackjack. Keno is more popular than any other game. It doesn't necessarily mean that a game is rigged if it takes a larger percentage of your money. There are many reasons a player may choose which games they want to play. There are many reasons that a player chooses to play a particular game. These include the fun factor, ease of learning, jackpot potential, and many other factors. While house hold can be a factor in a player's decision, it is not a major factor. It should not be used to determine whether a casino game has been rigged. \\
There are many resources that can help you find out what the casino has on a specific game. I recommend that you do your research before you place your money.
How do casinos make their money?
We've already discussed how each game has a house edge or built-in hold. Now we will dive into it to help you fully understand what this means.
The law of large numbers, which math experts refer to as the casino's edge is where many people get lost. Simply put, the casino deals with very large numbers while the gambler does not. While the casino may win or lose on any bet, over time all these games will end up giving them close to the mathematical edge for that particular game. We might only play for a few hands, rolls or pulls as a player. However, the casino can offer millions of possible outcomes every year.
They are quick to get to the long-term. The casino will always win, even though there is some short-term variance.
Please Note:
You have probably heard of the term "casino hold" if you've spent any time researching how casinos make their money. However, you might not have heard of the return to player percentage, or RTP.
Ever seen a slot machine with a 99% payout? This is how the casino highlights the RTP of the game.
What is RTP?
The return to player percentage refers to how much money a particular slot machine or table game pays back to the player over the long-term. For example, 85% is the lowest return percentage that a licensed casino can pay to players for playing on a slot machine in Nevada. This means that for every $100 wagered the casino will pay $85 and keep $15.
RTP is the exact opposite of casino hold. It tells you what the casino will give back to players, instead of how much it is keeping.
But remember:
Casinos are subject to the law of large numbers. A RTP of 99 does not mean that you will get $99 back if you deposit a $100 bill into a slot machine. This means that there will be over a million handle pulls during the life of the machine with some winners as well as losers. The theoretical payback is $99. It might seem like the same thing but it isn't.
Progressive jackpots are one way casinos can trick you about RTP. As players love the chance to place small bets and win big, progressives are very popular at brick and mortar and online casinos.
But remember:
RTP is calculated based on all possible outcomes. If someone wins the million-dollar jackpot, they must lose even more money to pay it. It can feel unfair that the casino keeps losing. But, it is important to keep in mind that the math may take some time to catch up to the variance.
Even if you played the exact same game every day for a month you would not have enough play to reach the long-term mathematical hold. Some progressive games can hold the game for many years before the player hits the big win.
The Difference between Theo and Actual Hold
Remember that RTP and casino edge are calculated based on theoretical holds. A player's skill may alter these percentages. There are games that have no player choice, so there's no way to play a particular game better or worse than another player. This is the case with a slot machine, where no matter how many times you press that spin button, your chances of winning are equal or greater than any other player.
In a game such as Blackjack, where there's a clearly defined strategy, your decisions can make a big difference. The actual hold for one player will be different than the other players. This does not alter the theoretical hold, but it does affect the actual hold.
This is another area of confusion for players trying to determine if a casino has been rigged. For example, Blackjack has a theoretical hold around 2% depending on which rule set it is. However, the actual hold of Blackjack is more than 10%.
While some gamblers may think that the gap between theo& actual is a sign that the casino is rigged, in reality it just means that most Blackjack players aren't using the optimal strategy which results in significantly higher losses and higher hold. Although all this industry jargon and math speak like house advantage, hold, actual and RTP can be confusing, it's important to understand that you won't know if a casino is rigging a game.
We will provide some tips and tricks to help you make sure you're safe when gambling.
Are Casinos Rigged? How to Tell
We have established that casinos exist to make your money. However, that doesn't necessarily mean they are rigged. Here are some red flags to help you spot when a casino is rigged.
AS A GENERAL REGULATION:
You shouldn't be concerned about a licensed, regulated brick-and-mortar casino being rigged. These casinos are usually regulated by the state or local government and are regularly audited to ensure that their games comply with regulations. However, this does not mean that every brick-and-mortar casino you find is legitimate.
I hope you all would not play the 3-card Monte on the street corner or the dice game run by the local criminals. I won't spend too long talking about these types of operations. Instead, I will focus on casinos that seem to be reputable. For more details to visit บาคาร่า
I KNOW SOMEBODY WHO NEEDS TO HEARE THIS.
You can be sure that if someone offers you a game other than a casino, they will rip you off!
Red Flags for Brick and Mortar Casinos
Pay tables aren't posted or clearly identified
When you request rule sets, they are not available
There are restrictions on the amount and time you can cash out.
No state or local regulatory body has licensed the casino.
Based on your results, your betting limits can be changed during play.
When you win, the casino will not accept your action
This is not a comprehensive list of all the things you should be aware of when playing at a brick-and-mortar casino.
Please Note:
You should not let these things happen to you.
Next, we will take a look into red flags in online casinos.
Red Flags For Online Casinos
Pay tables aren't posted or clearly identified
When you request rule sets, they are not available
There are restrictions on the amount and time you can cash out.
Online casinos are not licensed by any state, local government or regulatory board.
Based on your results, your betting limits can be changed during play.
When you win, the online casino will refuse to take your action
Online casinos do not honor any offers or promotions.
Online casinos can freeze your account and withdraw your cash without any communication or justification
Poor reviews for the online casino
Our blacklist includes the online casino
These red flags are very similar for online and brick-and-mortar casinos. A casino is a casino and their operations are often consistent.
Online gaming is so much more recent than traditional brick-and-mortar casino gaming, there have been a lot of scammers out there trying to take advantage of unsuspecting gamblers.
You can prevent yourself from being cheated by playing in a casino game. Blacklist Casino Before you make a deposit at any online casino, be sure to add your name to the list.
If you ever find yourself questioning, are online casino games rigged?
Referring to our blacklist can confirm your suspicions and help you determine if the online casino is known for being bad actors.
Take a bow
You can have a lot fun playing at casinos. As long as you only play with reliable establishments, you will feel much better about your chances of winning.
Please Note:
This doesn't necessarily mean you will win, but it does mean you won't get cheated.
You now have a better understanding about how casinos make money.