Reason I like Bodog #5:
Many online casinos give you a big matching
bonus when you sign up and make a deposit,
but there's a
catch. You have to do a lot of betting
before you're allowed to cash out your winnings,
and play on the most popular games doesn't
count! It's common for blackjack, craps,
baccarat, roulette, and Jacks or Better to be
excluded. Sometimes it's everything but slots.
And sometimes you can't even find the fine
print. Many casinos put their 100% bonus in big
screaming letters but make you hunt all over the
site to find the rules.
That's why Bodog is a welcome relief.
They allow play on just about every game to count
towards the wagering requirement (everything except Pontoon and Caribbean 21). It's that simple.
Just no opposite betting, like both red & black
on roulette at the same time. All casinos ought to
be as easy as Bodog about this.
Bodog's signup bonus is a modest 10%, but it's simple. The wagering requirement in order to cash out the bonus is 15x the deposit plus the bonus, and play on just about every game satisfies the requirement.
Finally, at some other casinos if they think
you're abusing their bonus offers, they'll actually
seize your winnings. Frankly, that's
criminal. But if Bodog suspects you of bonus abuse
they'll still pay you, they just might not offer
you any future bonuses.
Play for free, no B.S.
One click and you're in.
Call the 800-522-4700 hotline, and read this.
Also, know that Parkinson's drugs encourage gambling.
Expected Loss is somewhat of a misnomer. It's not
the value you actually expect to lose. It's the
mathematical average loss. So whoever came up with the
term "expected loss" did a bad job. They should have called it
An example illustrates the difference. The house edge in roulette is 5.26%. So
for every $5 bet the casino will keep $0.26 on average. So your
"expected loss" on a $5 roulette bet is $0.26.
But if you bet $5 on roulette you can't lose exactly $0.26.
If you bet on red or black, you'll either win another $5 or lose the
whole thing. So you don't really expect to lose $0.26,
it's just your mathematical average loss on each $5 bet, if you played
the game forever.
So why do we even talk about expected loss if you can't
lose exactly the amount it predicts on one play? Because the
longer you play, the closer your actual loss will be to the expected
loss. Let's say you play 1,000 spins on roulette, at $1 a spin,
betting on red every time. You win 475 times and lose 525 times.
So you got back $950 (475 wins, plus you get your original wager back),
and you risked $1,000. That means you lost $50. The percentage
you lost was $50 / 1000 = 5%, which is pretty close to the 5.26%
Expected loss is good for comparing the risk of various
games. Your expected loss depends on three factors:
- How much you're betting (the amount per hand)
- How fast you're playing (hands per hour)
- The house edge (the average
casino profit per bet)
In formula form, it's:
House Edge x Number of
Hands = Expected Loss
As a practical example we'll use blackjack at $5/hand for two
hours, assuming you use the proper strategy:
0.5% x 60 hands/hr x 2 hrs. =
Below is a table showing your expected loss after 16 hours
of play, using common house edges and common rates of play
Hands Per Hour (HPH)
Expected Loss for 16 hours
8.0% (5 coins)
6.0% (3 coins)
5.0% (2 coins)
1.06% (betting on Banker)
0.50% (with perfect play)
($5 Pass, $5 odds)
(Pass Line Bets)
pass line bet
Crash Course in Table Games. If you're a slot
player and wish you knew how to play table games so you could stop
losing money hand over fist, then check out our Crash Course in Table Games.
Table Game Speed. The rate of play at table
games depends on the casino's style and how many other players are
playing, but the values in the table are good estimates. Larger
casinos tend to make their dealers deal at a fast pace, which not only
makes you lose quicker but probably decreases your enjoyment of playing
since it's not friendly and relaxed. If the play in one casino is
too fast, try a smaller casino (especially one Downtown instead of on
the Strip). Also realize that the more players at a table, the
slower the game. You'll be playing a lot faster if you're the
only one at a table.
Slot speed. The rate of play on slots, of course, depends on how fast you
push the button. Unlike table games, you're more in control the
Slot returns. Slot returns in the table are the
average for Las Vegas Strip & Downtown casinos as published in the
Jan. 2002 Casino Player. But of course, you'll need to
play in a casino which lists its slot returns to make sure you get
them. In fact, you might be able to find better returns than in
this table. On the Vegas Strip, Stratosphere and Riveria have 98%
dollar slots (2% house edge). Downtown, Fitzgerald's has 98%
Blackjack & Craps Edge. The low edge for blackjack
assumes that you use proper Basic Strategy.
The edge for craps assumes you're
taking single odds.
Last update: 2005
|a d v e r t i s e m e n t s
Online Casino Guide
Guide to gambling online features casino reviews, game guides, payout percentage information and a guide to online casino bonus offers
Best Online Casinos
Online casino reviews, rules of popular casino games together with strategies and tips, hot casino bonuses and news.