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The casinos make their money by paying off bets at less than the true odds. This is the House Edge. Lets take a look at how this effects you and your bankroll.

The money it cost us to play a game in relation to the house edge is called the Expected Value or EV. The EV is actually the average outcome determined by multiplying the average Bet times the number of Hands Per Hour (HPH) times the House Edge. Based on our Chart we can figure out the EV of any game for each hour we play. For this example we will use a $5 bet. The figure is what it costs you to play the negative expectation games, (i.e. games with a house edge).

Roulette: $5 x 50 HPH x 5.26 = $13.15
Craps: $5 x 30 HPH x 1.4 = $ 2.10
Caribbean Stud : $5 x 40 HPH x 5.3 = $10.60
BlackJack: $5 x 60 HPH x 0.5 = $ 1.50

Now, the first time I saw these figures years ago, I thought there must be a misprint. I knew that I had lost more than $1.50 playing Blackjack for and hour and sometimes I won money so how could it be?

The answer to this question is a thing the mathematicians call Standard Deviation. Lets flip a coin 100 times. The EV should be 50 heads and 50 tails but it doesn’t happen this way every time. Most of the time you get more heads than tails or the opposite. The amount we stray from the EV is the Standard Deviation. You will be one standard deviation away from the EV about 68 % of the time and will be within 2 standard deviations 95 % of the time. There is an equation for figuring this: Standard Deviation = 1.1 divided by the square root of the number of hands played.
Lets say we played 100 hands. The square root of 100 is 10. we divide 1.1 by 10 and come up with 11% or 11 units (11% of 100 hands). If we are playing $5 per hand one unit would equal $5. so our standard deviation would be $55. If we are playing Blackjack , we figure that the EV is minus $2.50 for 100 hands. We find that the range for one standard deviation (68% of the time) is between: -$56.50 and +$52.50

-$2.50 + plus $55 = plus $52.50
-$2.50 + minus $55 = minus 57.50
Doubling the standard deviation will give us a 95% accurate range between: -$112.50 and +$107.50.

** See more at: http://casinogambling.about.com

  All you have to do to play at online casinos is download the casino software for FREE to your desktop and then you're a click away from 24-hour casino gambling. You have no obligation to play at online casinos and at the very least you can play a game for FREE to see what you like. Refer your friends to play online and you can have "casino night" yet play from your respective homes. You can even chat while you play online.  
 
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Shark Casino likes to offer online casino rewards and promotions to all of their new and dedicated online casino game customers. Check out the SharkCasino.com Instant Rewards Program, giving you free cash while you play!

Sci-Fi Casino - has earned its place as one of the most trusted names in online gambling. As one of the only woman owned online casinos, They have an impeccable record of fairness and have the most responsive customer service department in the industry. In fact, THEY were the first with same day E-cash payouts (since 3/2002).

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Platinum Play - There is a buy $20 get $30 bonus offer so you get a total of $50 to play with. Additionally when you buy with Neteller or FirePay you get an additional 20% of you purchase. There are smaller additional bonus offers for other payment methods. Wagering requirements are 5x bonus and purchase which is quite low compared to industry standards.

7 Sultans has proven to be one of the most popular Internet casinos in the world since 1999 with a massive 85 games and advanced graphics and sound. The casino offers both Flash and Download versions and remains a firm favorite with the players – Win the Sultans’ Riches! Up to $100 free! Simply download free software (or order free CD) and register as a real player.

Intercasino - Established in 1996 InterCasino has welcomed more than 275,000 players, many of whom have remained with them from day one. More than 280 million games have been played and $3 billion paid out to player accounts. Voted Top Online Casino 2001,2002 & 2003 by the Readers of Gambling Online Magazine. Bonuses: 100% Match Bonus up to $80 FREE each and every month!

 

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