Casino games of skills and chance

In casinos there are several games which are purely random which means that the event is completely independent than the other events like the toss of a coin. These games are known as games of chance. In casinos, games like bingo, keno, slots, craps and roulette can be considered as games of chance. The probability of a particular outcome of these games will always remain constant no matter how many times the game is played. For example when you roll a dice the probability of a particular number appearing will always remain 1/6

Player implications

What this means to a player is that there is nothing that a player can do in order to win the game. The outcome will always remain the same no matter how skilled the player is. What this means is that the smartest thing to do is to understand the odds of any event before placing a bet on it. For example, in the game of craps, a player will have a 11% chance of rolling 2,3 or 12 but the probability of throwing 7 is 17%. There is a greater chance of throwing 7 than the chance of crapping out. For this reason, there is a better chance of winning on a bet on pass line rather than betting on crap spot.

In any game, whether it is a game of skill or chance there will always be some anomalies which will show up during the game. This is when the streaks will surface. However, there are no patterns in these streaks since they will always be random outcomes. The odds of these streaks will never chance and they will always depend only on luck. When it comes to games of chance there is no guaranteed way of winning since it all depends on chance.

Player implications in games of skill

In games of skill however, things are quite different. The knowledge, experience and the proficiency of the player will have a great impact on the odds of winning the game. in games like poker players can definitely do something in order to increase their chances of winning at the game. With experience and knowledge a player can become more proficient and can increase the chances of winning in the long run.

For example in the game of poker there are a number of strategies which a player can learn and apply to the table in order to increase the chances of winning. With enough experience, a player can learn how to read the tells of the opponents while being able to hide his/her own tells. For this reason, practice and knowledge of games of skill will always pay off in the long run.

Even in the games of skill a certain degree of luck will always be involved. However, understanding and knowing the difference between games of skill and chance will improve your level of awareness and will help you make better decisions on when, where and how much to wager which will give you the best chance of winning at these games.