Basics casino math needed while playing casino games.
If you known the basic mathematic operations, addition, subtraction, division and multiplications, you can calculate the entire casino math you need for gambling. No high knowledge or algebra or calculus is required.
Why do we need math for casino games?
The answer is given in the question itself. The reason why do we need math is to calculate the odds and probabilities. There is an odd proposition in each and every casino bet. If the true odds of an outcome is much less than the odds you are paid off, then you have an edge. If the actual odds are longer, the casino has an edge. Obviously all the casino games are designed to give the casino the edge.
How can math help casino?
It can help you in number of ways; firstly it can help you to know how much edge the casino has. If the true odds of an outcome are 4-1 and you are paid 3-1, you should be tending to take the bet, but if just the opposite happens where the House is offering you 10-1 and the true odds are 100-1 you should not bet at all. Most of the people run after higher payout, but if you understand the casino math, you can decide yourself which bet to take to minimize your loss and maximizes your wins.
Other uses of casino math.
You can sure that you are paid correctly by casino math. Though dealers are well-trained, but they can make mistakes, and if they make mathematical errors, you can easily point it out .You can easily and intelligently manage your bankroll if you know the basic casino math. Above this you can also figure out the House edge, calculate what stakes you need to play so that your bankroll exists for long period, calculate how many sessions you wish to play.
Thus if you know the basic casino math and can apply at the right time you can judge yourself which bets are good and which ones are the worst.