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Binary Options are the hottest new game in online trading. No experience necessary, step right up and place your bet! A quick Google search reveals thousands of ‘brokers’ offering hundreds of dollars in sign up bonuses and promises of 70%-85% returns in minutes! If this sounds familiar slots online gcash philippines, you may be remembering the explosion of offshore online casinos that sprung up all over the net a few years back before the federal government began enforcing the UIGEA (Unlawful Internet Gaming Enforcement Act) in 2010.

Being an avid sports bettor and market enthusiast, I couldn’t ignore the correlation that binary options have with gambling. In this form of trading you are given two options to choose from: up or down. Is the particular security, currency, or commodity going to move up or down in the respective time period that you have chosen. Kind of like: are the Patriots going to win by 3 or not? Is the score going to be higher or lower than 43? You can see where this is going right?

Most legitimate brokers I have spoken with consider binary options to be a straight gamble, but still a legitimate trading vehicle. The problem with binary options that are being offered online right now isn’t with the system itself, it is with the ‘brokers’ that are offering it. As one trader put it: “they are straight snakes. Who offers 100% match bonuses with a trading account?” In full disclosure, legitimate brokerage houses do offer bonuses to new customers of up to $2500 (for a million dollar deposit), and most binary options sites have a limit as to the bonuses, but some do not. So how do these options houses stay in business?

To answer that question, we need only look at their ads and do some real math. These sites offer 70%-85% and sometimes higher returns on your investments, so you automatically assume that for every dollar you invest, you will get $1.85 in return. And this is true, if you win every option that you place. That would be perfect if these sites were in Fantasy Land, but we all know that you won’t win every time. The small print tells you that you will lose 100% of your investment when that option doesn’t come in. In essence you are risking $1 for $0.85 on what is essentially a 50/50 proposition. Those my friends are terrible odds.

At these odds, you need to win 58.8% of your options just to break even. To put these numbers into perspective, let’s take a look at the entertainment capital of the world. The average $1 slot machine in a casino on the Las Vegas Strip pays out at 94.67%. This means that for every $1 you play, you will be paid out around $0.95. That’s almost ten percentage points better than these ‘investment brokers’. The question you really need to ask yourself is: would I pour my investment money into a slot machine? At least in Vegas you can get free cocktails!

The simplicity of slots coupled with the promise of lucrative money prizes make this casino game a favorite among players. However, working out the true probabilities of winning and the expected return on your stakes can be misleading. Learning and understanding the odds of online slots is essential for any player looking to increase the chances of winning and avoid breaking the bank online casino.

The Chances of Winning on Slot Games

You would be surprised to know how many players begin placing bets without even knowing the payouts of the slot games they play. Furthermore, many casinos don´t focus too much on advertising the payout rates of their online slots and prefer highlighting the latest promotions and cash prizes that can be won playing these games. The truth is that no matter what other perks online casinos offer, a typical online slot will keep between 1% and 10% of all bets placed. Whether you play off or online, you can expect these payout rates. What this percentage means is that for every pound wagered on slots, the casino will earn between 1p and 10p. This payout rate is what it´s known as “expected return” on batches. Payout percentages are based on thousands of games played, which means that the payout in the short time could be higher. Nevertheless, you should always go for the slot games with the highest payout percentage to players.

Increasing Your Odds of Winning

Players are always looking for ways to improve their odds of winning at casino games, especially slot games. In other casino games, the player’s input can actually alter the advantage that the casino has over players. In online slots, however, the house´s mathematical advantage remains unchanged throughout the game. Nonetheless, players can follow a series of guidelines that can help them increase their winning odds. Some of these guidelines include adopting a solid bankroll management, knowing which slots to play and which ones to avoid, playing the slot games that offer more chances of winning and playing slots that offer a progressive Jackpot.

“Hot” Slot Games

Just like it happens with blackjack or roulette, where some variations of the game are more popular than others, there are some slot games that players favor more than others. The reason why some games stand out from the crowd almost certainly hast to do with how much they pay out to players. For example, when given the choice, most roulette players will prefer playing French roulette over American roulette because they know that the chances of winning are more attractive. There are some slot games that offer the same payout percentage to players, however, players argue that some of these slot games payout more than others. Some slot games such as Da Vinci Diamonds and Deal or No Deal are said to produce more winners than many others but there are two possible explanations for this. One possible explanation is that the amount of winners produced by one slot game is directly influenced by the number of players playing this game. So the more players playing Da´Vinci Diamonds, the more winners there will be. In the case of Deal or No Deal slots, for example, the reason why this game is considered to be “lucky” may have to do with the fact that players can play the minimum stakes and still qualify to win the progressive Jackpot. Thus, the more people playing this game, the more likely it will be that one of them will hit any of the three progressive Jackpots offered in the game.