Casinos have been around for decades, and in the last three decades, online gambling has also become popular. While many used to regard online casinos as the pirates of the internet, regulations have changed that.
Now, you can find safe ones that governmental entities licence and regulate. It also carried over to the casino games, with better odds and security available. However, do online casinos or brick-and-mortar establishments offer the best odds?
Difference Between Online and Land-Based Casinos
Brick-and-mortar casinos are generally more expensive, as they have to upkeep a venue and, in general, have more expenses. While these establishments offer a livelier atmosphere, social interactions, and instant payouts, they’re also more difficult to access.
Online casinos have fewer expenses and sometimes a lower overhead count. They’re easily accessible and typically offer thousands of games more than a brick-and-mortar establishment can provide.
However, there are also more options, so it might be challenging to find the best one. In this list, you can find a detailed comparison of the best online platforms in 2024.
What Are Casino Odds?
Before we look at how the odds compare at these different gambling venues, let’s discuss what game odds are exactly.
RTP
Part of making a slot or table game is determining the return to player (RTP) percentage. This percentage shows the theoretical calculation of how much the game will return over billions of spins. However, note that it doesn’t mean that if the game has a 97% RTP, you’ll win £97 for every £100 you bet. Still, the higher the RTP, the better the game’s chances to payout.
House Edge
The house edge stands opposite to the RTP percentage. If you have a game with a 97% RTP, then the house edge will be the difference between that number and 100%. In this case, it means the RTP is 3%. It’s the casino’s advantage over the player, and it states that the casino will theoretically keep that percentage of every bet placed on the game.
Odds
Game odds refer to the likelihood of players winning a specific combination. It works with the house edge and RTP to deliver your final odds in a game. For example, having a one in five chance to win means you have a 20% chance. It’s your probability of success.
Casino Odds at Online vs Land-Based Casinos
If you thought the odds might be better at an online casino, then your suspicions are right. Online odds are better since these operators have lower overheads. It’s also become more common for top game providers to create higher RTP titles, especially regarding table games like blackjack.
Land-based casino games rarely have an average RTP over 92%, while online slots have a 96% average RTP. Online casinos can also provide their games to multiple countries, provided they have adequate licensing, which allows them to build a more significant client base.
Where to Play Games with the Best Odds?
Both brick-and-mortar and online casinos have pros and cons, but online sites typically provide better odds. However, simply because it has better odds doesn’t mean you’re guaranteed to win. Players should always gamble responsibly by never wagering money they can’t afford to lose.
