As much as we all love playing online casino games, we know the rules. Before you become experienced in gambling, you will lose a lot of money. Even as a casino expert, it is easy to make simple mistakes that cost a lot. But what if we introduced you to the Monte Carlo method of online gaming? A guaranteed winning strategy that you want to know about.
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Info on Monte Carlo
The process of playing online games is a very complicated one. There are thousands of games on the internet, with new ones being created every day. Each of these games has variants, each with a separate set of rules and regulations. It might take a while to learn how to play these games, and before then, you will record a lot of losses.
As gamblers, you are constantly trying to find working methods and strategies to win these online games. Although the losses could be terrible, winning comes with many bonuses and prizes that make it all worthwhile. However, it takes more than skills to win, so gamblers are always on the lookout for great strategies that can put them ahead of the house and increase their winning chances.
One of the oldest strategies to help you is the Monte Carlo method.
In this method, you will realize that making a simple decision like whether to play or fold is more than just a split second decision. There are so many calculations in making the winning combination that it might get downright complex. However, it is not a difficult process that you can not learn.
It is essential because not only does it teach you risk and management, it explains randomness and its importance in betting. It discusses the financial industry and how to make potential investments. Most importantly, it explains winning combinations and how to use probability to arrive at these combinations.
Playing games online is different from real life, and gamblers need to understand that certain strategies are needed if they do not want to keep counting losses. Pay attention as we explain what the Monte Carlo method stands for and how it can help you win all your games and make enough money from casino games as you have always wanted.
How Monte Carlo Works
One thing that you should understand is that Monte Carlo is an actual mathematical method. You need a deep understanding of maths and probability to fully grasp this concept and what it stands for fully. However, learning it will be helpful as it helps you get an analytical and correct probability of your game when calculated correctly.
Some experienced gamblers call this the random method because it deals mostly with random figures. You will have to simulate numerical calculations using random figures to get the correct assertion for your games.
When this strategy was first established, it wasn’t to be used in online casinos. Surprisingly, the inventor, Stanislaw Ulam, was a very capable Scientist and Mathematician who discovered the concept behind hydrogen bombs. On this day, he was playing a game of solitaire with friends, and he started developing a strategy on how to win.
When it was found that this formula worked, it became widespread and used in finance, investment, and physics. People could now easily collect bulk figures and use this method to predict the outcome correctly. Here’s how Monte Carlo works in online casinos:
Firstly, remember that the payout rate determines the Monte Carlo procedure you will use. Another major principle that must be followed is that the bet amount for the session must equal the sum of the figures on both ends of the sequence.
For example, if you have 2,3,4 as a sequence, the bet amount for the session will be the sum of the first figure 2 and the last figure 4, which gives a bankroll of $6.
If you play this session and lose, write the loss unit on the right end of the sequence. Now, assuming the lost unit is 5, you now have a new sequence of 2,3,4,5.
For the next round, you will add $2 + $5 to give you $7.
If you win, erase a number from the sequence on both sides.
If this happens, 2,3,4,5 will now become 3.4.
The session ends when the numbers on the sequence can not be added again.
This might be a little confusing for the experts, let alone newbies. However, one thing you must know is practice makes perfect. Try to play games using this method as often as you like until you are sure you know what you are doing.
Also, remember to stay away from using this at big games while you’re still learning. As easy as it could help you win if you master it, you can also completely fail at it if you get any figure wrong.
Game Variants
As we mentioned before, the Monte Carlo method is dependent on payout procedures, so it works very well for casino games with double or triple payouts. Blackjack, roulette, and baccarat are game variants where the Monte Carlo method can be effectively used for the best results.
Let’s start with triple payout games like roulette:
There are three major roulettes in online casinos, but only the two above can be played with the Monte Carlo method. The third type, American Roulette, has an extra number pocket that reduces your winning chances.
The European roulette features a wheel with numbers 1-36. These numbers are designed on pockets that form an inner and outer edge around the wheel. Players can bet on either the inner or outside pockets, as you will find out later. There is also an extra pocket for “0”, and this is marked in the colour Green so it can stand out from the rest of the numbers on the wheel.
The French roulette wheel is designed in a similar pattern and follows the same betting options as the European version. The only slight difference is the layout pattern.
However, in French roulette, your odds of winning at roulette are better because of the “La Partage” rule where you get half your bet back if the ball lands on number zero when you bet on the outside pockets.
Let’s look at the betting options where Monte Carlo is effective when playing this roulette:
The roulette wheel is divided into 3 columns of 12 numbers. It is the addition of all these numbers that equals 36. A column bet involves wagering on the outcome being a figure within one of the columns that make up the wheel.
The Monte Carlo method is great for these bets, as randomness is easy to calculate here.
Here, you are betting that the outcome will be a figure within one of the three dozens that make up the wheel. Unlike the column, this number is in order.
For the double payout games, we have blackjack and baccarat. Blackjack is a game of strategy where you have to win the dealer by equalising or having a hand higher but not more than 21. It sounds fairly simple, but it is easy to keep losing and losing until you find a method that works.
Baccarat is also similar to blackjack in that you have to beat the dealer by getting a hand equal to or close to nine.
It is easy to ace these games with the Monte Carlo method because they deal mainly with calculating randomness or figures.
Comparison of Monte Carlo Games
Before you make any investment in these double or triple payout games, it is important that you do so, knowing your odds of winning. This would influence your bankroll and every other decision you make while gambling.
As the name implies, the house edge is the advantage that the casino has over you as a player in a particular game. Mathematically, it is a percentage cut out from the player’s original bet. Different casinos set their house edge differently. Some do it by game, and some just have a single figure for the casino. Either way, it is important that you know how to use this to your advantage when playing.
In American roulette, the house edge is relatively higher than other types at 5.26%. This is because of the extra number pocket on the wheel, which makes all the difference because the odds of winning a single bet is 37:1, which makes it a little harder.
For European and French roulettes, the odds are a little better. French roulette has the best house edge at 1.35% because of “La Partage”, favouring the player a little more and increasing their odds. European Roulette has its house edge at 2.70%.
There are three types of bets in Baccarat, but only the tie bet offers a high payout of 8:1. This causes a lot of players to flock towards this, but be aware that it has a house edge of 12%, which makes it very volatile. The house edge is 1% for the standard player bet, while the banker bet is 1.06%.
At 0.5%, the house edge for blackjack is one of the lowest margins in any online casino.
Monte Carlo Strategies
The Monte Carlo method is still one of the best ones for playing and winning online games. Many methods can determine the effectiveness of this procedure when it comes to casino gaming. One of these major methods is the RTP.
Return To Player percentage determines how much of your financial investment will come back to you in the long run when you play in a casino. For example, if you come across a casino or game with an 85% RTP, you can expect to receive $85 out of every $100 you wager. This means you should choose a casino with high RTP to ensure you are getting adequate returns for your money.
Besides being one of the games with low house edges, you will also find some blackjack tables offering an RTP percentage of about 97.5%. The house edge and RTPs are related in that you can figure out a casino RTP by subtracting the house edge from 100%.
FAQ
It uses mathematical formulas to determine the outcome and correct probability of your game.
A brilliant scientist named Stanislaw Ulam who also discovered the mechanism behind Hydrogen bombs.
Players should bear in mind that there is no method that can give you the exact figures to win a casino game. Monte Carlo is only a method that gives you an estimate and close numbers, not the exact figures.
It uses probability and random figures to determine the outcome of your games. It is also used to examine the effect of risks and how to manage it in casino gaming.
It depends on the bulk of material you want to experiment on. However, it helps you run a large bulk of information within a short time frame.
Not totally. Being great in mathematics will help you successfully run this formula without any problem. However, you can learn it without being very adept at maths, even though it might take time.
This method can not be used when the figures are uncertain or unknown. You can only run it with known mathematical figures and certainties.
Double and triple payout games like blackjack, roulette, and baccarat are great for the Monte Carlo method.
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