As bingo is a game of chance, it is not possible to exactly predict whether you are going to win or not. However, you can calculate the probability or odds of winning without much hassle. When you calculate the odds of your wining a bingo game, you are placing yourself at an advantage over the other players who may not have considered this aspect at all.
Odds of Winning
Although bingo is not a strategic game, knowing the odds of your winning can help you know whether or not the game is in your favour. Calculating the odds of winning is simple. All you need to do for is consider the number of cards you are holding and divide it by the total number of cards in the game.
For example, if you are holding 3 cards and the total number of bingo cards being used is 30, your odds of winning would be 3 in 30 or 10%. Similarly, if you own 10 cards and there are a total of 1000 cards in the room, your odds would be 1 in 1000, which is very less.
So when choosing a room, you can calculate the odds of winning to determine whether or not you have a good chance of winning money.
Calculating Payout Percentage
Payout percentage is referred to the proportion of the amount that is paid as prizes to the players out of the total money spent. Unlike with other casino games where you can directly know the payout percentage from the casino, in online bingo, you need to calculate the figure manually. Considering the above example, if each of the bingo cards is priced at $5, the total amount spent would come to $150. If the total amount awarded to prizes is $120, the payout percentage is calculated by dividing 120 by 150, which comes up to 80%. The payout percentage would be the same for a single game, no matter how many cards you have bought, but it can differ from game to game.
Odds of Winning a Progressive Bingo Jackpot
The progressive jackpots are very attractive as the prize money can be huge and increases with the number of cards being added to it. Because of this feature of the jackpot, every player would like to know their odds of winning it. But unlike the odds for winning a bingo game, calculating your exact odds of winning a progressive bingo jackpot is very complicated.
Calculating Frequency of Numbers Drawn
Although a few players have misconceptions that a few numbers come up more and few don’t because of biased gaming, it is not true. The probability of a number being drawn is the same for all numbers, which is 1.11% in a 90 ball bingo and 1.33% in a 75 ball bingo.
Although chance or luck plays a major role in determining your win in a bingo game, you can certainly improve your odds of winning by choosing a reliable online bingo site and the right bingo room with fewer people and bigger prizes.