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Understanding Fixed Odds

The technology associated with casino games online can be quite confusing to newcomers and experienced gamblers alike. By understanding some of the logistics behind these games, especially when it comes to fixed odds, players feel more relaxed and are able to thoroughly enjoy their games.

What are Fixed Odds?

In a fixed odds casino game, the odds of winning and losing are relatively the same. For instance, when wagering on one number in roulette, the odds of winning will always be 35 to one. Though this may change a bit based upon the wagers made by the player, the player can always estimate their odds of winning. Similarly, there are seven bets in the game of craps that will always pay out four to one. Though there is an amount of risk involved, these risks are fixed.

Fixed Odds in Blackjack

When it comes to blackjack, fixed odds work a bit differently. The odds of winning will change based upon the cards the player receives, but the payouts for winning a hand are always two to one or three to two, depending on the variant of the game being played. For instance, a player with an initial hand of 16 stands a very good chance of winning, but this can change in an instant after receiving the third or fourth card.

Multiplayer Games

Multiplayer games that require participants to share accumulated prize money--such as casino games that offer progressive jackpots--cannot be considered fixed odds games. For instance, while the odds of hitting a certain combination on a slot machine may be fixed, the odds of winning a progressive jackpot associated with that machine are not. The chances of winning this prize are purely coincidental and rest upon the wagers placed by the player at any given time.

When players look to understand the odds of their favorite casino games, they should first understand fixed odds, how they work, and which games to which they apply. This way, players can easily determine their odds of winning.

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