Betting has been around since the beginning of time. At that time, betting was a form of entertainment in almost all civilizations. Approaching the 19th and 20th centuries, betting has skyrocketed to become one of the largest and most important industries in the world. In addition to the dealers and other casino employees, many players make their living from online casino games.
There are hundreds of online casino facts to discuss. As you continue to play and gain experience, you will realize that some instances are more lucrative than others. But the painful truth is that so far, no betting strategy has proven to be effective. The following content focuses on the interesting history of betting and other information you need to know about online casinos.
The first online casino was launched in 1994
The history of when the first online casino site was launched is a bit confusing. To quell the debate, Microgaming launched its pioneering online casino, Gaming Club Online Casino, which featured games such as poker, roulette and craps. Microgaming also launched Cash Splash in 1998, which was the first online slot machine with progressive jackpots.
Online live games debuted in 2006/2007
The Internet and mobile technology were still far behind. But with the introduction of 3G Internet in 2003, this dream started to become a reality. In fact, the first live online games were introduced before Android and iPhone. These innovative devices have only made it better.
Betting strategies don’t work
Many online casino systems promise immediate returns. One such strategy is the Martingale system based on aggressive progression. Here, players double their bets after each loss. For example, you can bet $10 after losing $5, and so on. However, while you may be able to make up for your losses after a win, this is never guaranteed. Therefore, the Martingale system will only eat up your money without you even knowing it.
Always play for equal amounts at the casino
Are you a fan of craps and roulette? You should know about pari-mutuel bets. These are bets that pay 1:1. A good example of this is bets such as through or through craps and odd or even roulette. Even though the payouts for these types of bets are smaller, you have a nearly 50% chance of winning the bet. Therefore, it is recommended to use betting systems such as D’Alembert and Martingale to place pari-mutuel bets.
Skill-based games
Using a betting system to play craps and roulette is undoubtedly beneficial. But the reality is that players of these games prefer slots and baccarat, which are games based on luck. In other words, players place their bets and then stand there waiting for the outcome. In contrast, games like blackjack and poker allow players to use strategy to win rounds. For example, poker players can decide to stand, hit, or double their bets. Advanced blackjack players, on the other hand, can count their cards.
The House Always Wins
No matter which strategy you use, the sad reality is that the house always comes out on top. Consider this; you are playing Texas Hold’em with the best strategy and reducing the casino advantage to about 0.5%. As good as that sounds, the casino is still slightly better than all the bets you’ve made. Even on a 1:1 bet, you still have more than a 50% chance of losing.
Beware of Casino Bonuses
When you play at the best online casinos, you will receive a welcome bonus or loyalty bonus. But do you think casinos just give away free money? Online casinos often require players to deposit a minimum amount before they can claim their bonuses. They will ask players to use the bonus multiple times before they can withdraw anything. These casinos know very well that the casino advantage will prevent you from winning anything tangible.
Players can always make money
Not everyone is destined to be a loser in online casinos. With careful game selection and a little strategy and luck, you can always win in the long run. For example, you will win more on slot machines with a hit rate of 30% or more. In addition, professional blackjack players win more often. The most important thing is to learn to stop once you’ve got something in your funds.