How to play online gambling games-Fun88: Learn about payout percentage and variance
Online gambling at Fun88
Percentage when online gambling at Fun88 and other online casinos
All online gambling games where Fun88 and other casinos collect bets and pays out potential winnings. The most famous of such online cash games at Fun88 and other betting sites in india are slot machines, Roulette, Blackjack and Baccarat.
Most of you know that these real cash games in India are somehow set up to give casinos a certain long-term advantage. Otherwise, casino owners would be losing money by keeping those games.
The casino's advantage for each game is determined by the rules of the game and by the payout percentage in case of a win at Fun88.
If these rules are applied over many, many rounds (sometimes hundreds of thousands of times), online gambling site owners can be certain that the number of bets collected will exceed the number of wins paid out. Statistics work in favor of casinos in the long run.
Even though long-term statistics work against you, it is very common to arrive at a casino, play, win, and walk away with your winnings. The main reason is that your visit to a casino consists of only several dozen rounds of play. In this case, the statistics do not have enough time to converge (show up). The outcome of your visit to the casino is then more determined by chance (or by your luck, if you prefer).
It is exactly this probability that helps lucky players win and beat the casino's statistical advantage. To increase the odds of beating the statistics, it is very important to know two basic characteristics of each game: payout ratio and variance.
Online gambling at Fun88 and the payout ratio (RTP: Return To Player)
The payout ratio (also known as payout percentage, RTP - return to player) of a game of chance is the long-term statistic of the total money won, divided by the total money stacked. The opposite of the payout percentage is the house edge. The house edge is calculated as 100% minus the payout percentage. If the payout percentage is 95%, then the house edge is 100% - 95% = 5%.
Online gambling at Fun88 - Roulette RTP: In European Roulette, the probability of winning when betting on black is 18 black numbers divided by 37 total numbers (don't forget the zero). The payout is 2 times the bet. The Roulette payout percentage is then 2 * 18 / 37 = 0.973 = 97.3%. The house edge is then 100% - 97.3% = 2.7%. The Roulette game is set to have the same RTP for all bet types (color, numbers, etc.).
Online gambling at Fun88 - Blackjack RTP: As the rules of Blackjack can vary from casino to casino, it is expected that the RTP can vary as well. But generally, a game of Blackjack with basic strategies used gives an RTP of around 99.5%. In live, online Blackjack the expected RTP changes as the Dealer deals cards from the deck. The RTP in this case is usually between 95% and 102%.
- This is exploited by card counting players who estimate the current RTP of the Blackjack on Fun88 deck and try to bet high if the RTP is above 100%, to make a long-term profit. On the other hand, casinos also have ways to detect such card counters and prevent them from continuing to win.
Percentage of slot machine payouts: The RTP of slot machines is usually between 92% and 97%. The payout percentage of slot machines is determined by the symbols on the virtual reels, by the pay-table, and by other specific rules applied to each online gambling game, for example Fun88 casino games.
Payout percentage of an online gambling game and the percentage of the betting system
It is very important to note that the payout percentage expresses the payout of a single game round.
Let's assume that you bet $100 on Roulette and win $1200. Then you continue playing and bet 12 times $100 = $1200. The RTP must be used in each round separately. The expected statistical casino profit in this case would be:
($100 + $1200) * (100% - 97.3 %) = $1300 * 2.7 % = $35.1
Notice that 97.3% is the RTP of Roulette. If you continue to play with your previous winnings, then you should expect to lose more than the house edge stated above. Most players place bets using their previous winnings repeatedly.
If you want to be a smart player when you are playing online gambling games at Fun88, you must distinguish the RTP of the online gambling game (which applies only for a single game round) and the payout percentage in the betting system. Your betting system is determined by how you play during your entire stay in the casino.
This includes online gambling game selection and variants/settings, rules for bet sizes, and decisions about when to stop playing. Let's define the RTP betting system as: a ratio of overall wins passed on to a net of losses from other players who were not so lucky.
On the other hand, some websites change these two definitions. Their definition of the RTP of a game may give the false impression that players statistically speaking will only lose a fraction of their money (equal to the advantage of the game).
The rest of the money should be redistributed among the winners. When in reality - if players place bets using their previous winnings, they will lose more. The RTP of a poor betting system can drop below 50%. Even in Blackjack - a game with a 99.5% RTP. As you will see, the RTP of a worse betting system is close to 0%.
The optimal betting system is the one that has the same RTP as the game being played. To achieve this, you should avoid placing bets with your previous winnings. Theoretically, the easiest way to achieve this is to bet your entire bankroll in one round.
Then keep betting everything until you lose or win a satisfactory amount of money. Roulette is a very good game for this system since you can choose the odds of your bet. Let's assume you have $100 to play with and $900 in your bankroll is going to satisfy you. Placing $100 on a square (4 numbers) is almost the optimal strategy in this case.
You will leave the casino either with a good amount of money or without the $100, but your odds are very fair. The major disadvantage of this strategy is that you will be playing for a very short period.
Online gambling Fun88 Variation/Volatility
The variance of a game determines how quickly your bankroll changes when you play. When you play a game with low variance, you win small amounts very often. In this case, your bankroll changes evenly (unfortunately, usually downward).
In the case of a high variance game, you will lose most rounds, but when you win, you will win high amounts.
Gradual drops are, from time to time, replaced by a high win.
The variation of a Fun88 game can also be described by the statistical distribution of win amounts. As the winnings are usually proportional to the bets, we are talking about the distribution of the winnings expressed as a multiplot of the bet.
When we bet on a color in Fun88 roulette, all winnings are paid out at twice the bet. When we bet on a number in roulette, all winnings are paid as 36 times the bet.
The variation of Fun88 slot machines is a bit more complicated. You can win with so many combinations and many different multipliers of bets.
Due to it is not so easy to describe slot machine variance for a number, and game providers use only descriptions for losses like "small", "medium", "high". We think that slot machine variation can be better described. Since this topic is somewhat difficult, we have decided to create a separate article about slot machine variation.
The variance of a Fun88 game has a significant impact on your chances of walking away from a casino a winner. The rule of thumb is, "The higher the variance, the better". The first reason is that in a game with high variance it is easier to win an amount that satisfies you in one round.
The second reason is that more rounds lead to a loss and so you don't bet too much of your previous winnings (which has a negative impact on the RTP betting system).
In other words, you lose more often. The third reason is that if you can win a high number of multiple bets, you can bet less to win the same amount. This also reduces the amount of your bets and therefore reduces your losses in the long run.
Let’s assume a game with no variance and a 99% RTP. In this Fun88 game, a $1 bet will pay $0.99. The outcome of each round will be determined and winning in this game would be impossible. Of course, probably no one would like this game at Fun88.
Gambling real money games at Fun88
Fun88 is one of the best sites where you can gamble in Asia. At Fun88, you can play Blackjack, Slots, Roulette and many other online money earning games you will enjoy.
Moreover, Fun88 offers you a nice interface when playing and many bonuses and promotions you will love.
So, visit Fun88 now and start betting for the best at Fun88.
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