Mytopslot Guide: How to play games of chance?

Marco

Poker, Roulette, Slots

May 25, 2023

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In the vast landscape of online gaming, games of chance hold a special allure. They offer a unique blend of anticipation, risk, and reward that has captivated players for generations. Whether you’re drawn to the spin of a roulette wheel, the shuffle of a deck of cards, or the mesmerizing reels of a slot machine, the world of games of chance is filled with endless possibilities.

The “Mytopslot Guide” is your gateway to unlocking the potential within these thrilling games. Our team of experienced enthusiasts and industry experts has meticulously crafted this guide to empower you with the knowledge and strategies necessary to navigate the intricate world of games of chance on the most popular and reliable platforms, to be found in Mytopslot.

Whether you’re a complete beginner, eager to dip your toes into the world of online gambling, or a seasoned player looking to enhance your skills and broaden your horizons, this guide is here to support you at every step. We understand that venturing into the realm of chance can be both exhilarating and overwhelming, which is why we’ve designed this guide to be your trusted companion, demystifying the concepts, rules, and strategies that underpin these games. Get ready to embrace the excitement, enhance your skills, and embark on a remarkable adventure in the realm of games of chance on Mytopslot!

Throughout the guide, we’ll delve into a wide range of popular games of chance, providing comprehensive explanations of their mechanics, betting options, and winning strategies. From classic table games like blackjack, poker, and baccarat to the ever-popular slot machines, we’ll leave no stone unturned. Our aim is to empower you with the knowledge and confidence to make informed decisions, adapt your gameplay, and increase your chances of success.

But it doesn’t stop there. The “Mytopslot Guide” goes beyond the basics to explore advanced techniques, expert tips, and even the psychology behind games of chance. Understanding the principles of bankroll management, recognizing patterns, and staying disciplined are just a few of the essential aspects we’ll explore to help you elevate your gameplay to new heights.

In addition to mastering the games themselves, we’ll also address the practical aspects of playing. From creating an account and navigating the platform’s interface to understanding the various bonuses, promotions, and loyalty programs available, we’ll ensure you have all the tools necessary to make the most of your gaming experience.

So, whether you’re seeking an adrenaline-fueled rush or aiming for that life-changing jackpot, the “Mytopslot Guide” is here to accompany you on your journey. Let’s dive into the captivating world of games of chance, where luck intertwines with strategy, and the thrill of winning awaits.

Principles described in this article can be applied to almost any game of chance in which a player plays against the house. In other words, all games where a casino collects bets and pays out potential winnings. The most famous of such games are slot machines, roulette, blackjack and baccarat, but there are many others.

Most of you probably know that these games are somehow set to give casinos a certain advantage in the long-run. Otherwise, the owners of the casino would be losing money on them. This advantage is also known as a house edge.

The advantage of the casino is determined by the rules of each game and by the payout rules in the case of winning. If these rules are applied over many, many rounds (sometimes even hundreds of thousands of times), casino owners can be quite certain that the sum of bets collected will exceed the total amount of wins paid out. The statistics work in benefit of the casino in the long-run.

In spite of long-term statistics working against you, it’s quite common to come to a casino, play, win, and leave with your winnings. The main reason is that your visit to a casino consists only of several tens or hundreds of game rounds. In this case, the statistics don’t have enough time to converge (show up). The outcome of your casino visit is then more determined by chance (or by your luck, if you want). It’s exactly this chance that helps lucky players win and beat the statistical advantage of the casino, although just in the short term.

Games of chance and payout ratio (RTP)

Payout ratio (also known as expected return, payout percentage or RTP – return to player) of a game of chance is the long-term statistical rate of total money won divided by the total money staked. The opposite of the payout ratio is the house edge. The house edge is calculated as 100% minus payout ratio. If the payout ratio is 95% then the house edge is 100% – 95% = 5%.

Let’s take a closer look at payout ratios of some of the most popular games of chance.

• Payout ratio of roulette

In European Roulette, the probability of winning when betting on the black color is 18 (# of the black numbers) divided by 37 (# of all numbers, don’t forget the zero). The payout is 2 times the bet.

The payout ratio of roulette is then 2 * 18 / 37 = 0.973 = 97.3%. House edge is then 100% – 97.3% = 2.7%. The roulette game is set to have the same RTP for all kinds of bets (color, number, etc.).

Note: American roulette has a much worse RTP and one type of bet with RTP different from all of the other bets. We go much deeper into this topic in our article about roulette rules, bets and odds, so check it out if you want to learn more about roulette.

• Blackjack RTP

As blackjack rules may vary from casino to casino, it’s obvious that RTP may differ as well. But generally, a game of blackjack played by a player utilizing the basic blackjack strategy gives an expected RTP of around 99.5%.

In live and online blackjack the expected RTP varies as the dealer deals cards from the deck. The RTP in this case is usually between 95% and 102%, depending on which cards are left in the “shoe”. This is exploited by card counters – players which estimate the actual RTP of the blackjack deck and try to bet high if the RTP is over 100%, to make a long-term profit. On the other hand, casinos also have means to detect such card-counters and prevent them from playing further.

• Payout percentage of slot machines

The RTP of slots is usually between 92% and 99%. Payout percentage of slot machines is determined by the symbols on the virtual reels, by payout table, and by other specific rules applied to each particular game. If you are curious which slots have the highest RTP, check this Wolfie’s collection of best paying slots.

Variance (volatility) of games of chance

To put it simply, the variance (also known as volatility) of a game determines how rapidly your bankroll is changing when you play the game:

• When playing a game with low variance, you win small winnings quite frequently. In this case, your bankroll changes quite evenly, although, unfortunately, usually downwards.
• In the case of a high-variance game, you lose in a vast majority of rounds, but when you win, you win high. Gradual drop-downs are, from time to time, replaced by a big gain.
  
• The variance of the game can also be described by the statistical distribution of winnings. As they are usually proportional to the bet size, we are talking about the distribution of winnings expressed as a multiple of the bet. When betting on a color in roulette, all winnings are paid out as double of the bet. When betting on a single number, all winnings are paid out as 36-times the bet.

The variance of slots is a bit more complicated. You can hit many various winning combinations and win many different multiples of your bet. Due to this, it’s not that simple to describe slot variance by one number, and game providers only use loose descriptions like “small”, “medium”, and “high” for their slot machines.

Variance of a game has a significant impact on your chance to walk away from a casino as a winner. The rule of thumb is “The higher the variance is, the better”:

• The first reason is that in a game with high variance it’s easier to win the amount that satisfies you in one game round.
• The second reason is that more rounds end up with a loss and so you don’t bet that much from your previous winnings (which has a negative impact on the RTP of your betting system). In other words, you lose more quickly.
• The third reason is that if you can win a higher multiple of the bet, you can bet less to have a chance to win the same amount. This, again, reduces the total sum of your bets and therefore also reduces your long-term losses.

Just to illustrate, let’s assume a game with no variance and 99% RTP. In this game, a $1 bet would pay out $0.99. The outcome of each round would be determined and winning in this game would be impossible. Of course, no one would like this game, but it illustrates the fact that a high RTP is not all that matters.

Expected Return of a Betting System

It’s crucial to understand that the payout percentage represents the anticipated payout from a single game round. Consider this scenario in euros: If you wager €100 on roulette and win €1200, and then proceed to play 12 more rounds, each with a stake of €100, the RTP (Return to Player) should be applied to each individual round. In this case, the projected statistical profit for the casino would be (€100 + €1200) * (100% – 97.3%) = €1300 * 2.7% = €35.1.

Note that 97.3% is the RTP of European roulette. If you continue playing with your previous winnings, then you should expect to lose more than the previously declared house edge of the game. Most of the players place bets from their previous winnings again and again, losing a portion of their money each time.

If you want to be a smart player, you must distinguish between the RTP of the game (which applies only to a single game round) and the expected return of your betting system. Your betting system is determined by how you play during your whole stay in a casino or your entire session in an online casino. This includes selection of the game, its variant and settings, sizes of your bets and decisions about when to stop playing.

It’s difficult to imagine the RTP of a betting system taking into account just one player. That’s why we always run simulations with at least a million of players to get reliable results. The expected return of a betting system can be defined as a ratio of the overall winnings of players who managed to hit their “target”, to net losses of players that weren’t that lucky.

Be aware that some websites swap these two definitions. Their definition of game RTP might give a false impression that players statistically lose only a small fraction of their money, equal to house edge of the game. The rest of the money should then be redistributed among winners (other players using the same strategy that managed to win).

In reality, if players place bets using their previous winnings, they lose more. The RTP of a poor betting system may drop far below 50%. Even for blackjack – a game with an RTP of 99.5%. As you will see, the RTP of bad betting systems is close to 0%.

The optimal betting system is one that has the same RTP as the game played. To achieve this, you must avoid placing bets using the money you’ve previously won. Theoretically, the easiest way to achieve this is to stake your whole budget in one round. Then keep betting all-in until you lose or win a satisfactory amount of money. Roulette is a very good game for this system as you can choose the odds of your bet.

Conclusion

Here are the most important things to take away from this article:

• Payout percentage of games of chance applies only when considering a single game round. Your real expected return will be lower due to re-betting previous winnings.
• You statistically lose on every bet. A fewer bets means a smaller statistical profit for the casino.
• The RTP of your betting system depends on the RTP of the game, variance of the game, size of your bets, and rules when to leave and when to keep playing.
• Variance of the game is determined by the size of potential winnings as multiples of the bet. The higher the individual wins, the higher the variance of the game (considering a fixed RTP).
• Games with high variance are usually more favorable. The advantage of significantly higher variance can easily beat the advantage of slightly higher RTP.
• The higher the variance, the higher the chance of turning small sums of money into huge sums of money.
• The bigger the bets in one round, the higher the RTP of your betting system, considering a fixed bankroll.
• If you play for fun, look for games with high variance and place smaller bets. A few wins could get you to your desired win, otherwise you will lose your whole budget. Keep in mind that you are doing a tradeoff between the duration of your play and the RTP of your betting system.

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