After years of managing player accounts at major online casinos, I’ve watched thousands blow their bankrolls on terrible bets while thinking they were experts. Time to see if you’re funding the casino’s profits or actually playing smart.
Ready to test your casino knowledge? First, check out Richard online casino to familiarize yourself with a modern gaming platform. This Australian-friendly site features games from over 40 providers and a generous welcome package of 5,000 AUD plus 300 free spins. Their extensive game selection includes pokies, table games, and live dealer options—perfect for applying the expert knowledge you’ll gain from this quiz.
The Online Casino Challenge
Question 1: When playing online blackjack, which action gives you the best edge?
- A) Always taking insurance
- B) Using basic strategy charts
- C) Always splitting 10s
- D) Increasing bets after losses
Question 2: Which slot feature actually matters most for your bankroll?
- A) Bonus rounds
- B) Number of paylines
- C) Progressive jackpots
- D) RTP percentage
Question 3: In online American roulette, what’s the house edge?
- A) 2.7%
- B) 5.26%
- C) 7.89%
- D) 3.35%
Question 4: Which online casino game typically has the lowest house edge?
- A) Baccarat (Banker bet)
- B) European Roulette
- C) Video Poker
- D) Caribbean Stud
Question 5: What does “volatility” in online slots tell you?
- A) How often it pays
- B) Maximum potential win
- C) Software provider reliability
- D) Return percentage
Question 6: In video poker, which hand gets better relative payouts than in regular poker?
- A) Straight flush
- B) Full house
- C) Two pair
- D) Four of a kind
Question 7: What should alert you about an online blackjack game?
- A) 5 decks used
- B) Dealer hits soft 17
- C) 6:5 blackjack payouts
- D) No doubling after splits
Question 8: When playing craps online, which bet is smartest?
- A) Field bet
- B) Any 7
- C) Pass line with odds
- D) Place bets
Question 9: Why are “hot” and “cold” slots a myth?
- A) Games are tested for randomness
- B) RTP doesn’t change during sessions
- C) Results use RNG with no memory
- D) Casinos balance payouts across games
Question 10: What’s the most important factor when choosing an online casino?
- A) Welcome bonus size
- B) Game selection size
- C) Withdrawal speed and limits
- D) Graphics quality
Answers
Answer 1: B) Using basic strategy charts
Online blackjack basic strategy charts adapt to the exact rules of each game variant. Most people think they know basic strategy, but they make dozens of mistakes. One major benefit of online play is keeping the chart open while playing—something land-based casinos would kick you out for!
Answer 2: D) RTP percentage
Return-to-player percentage is everything online. Unlike physical casinos, where all slots run around 85-92%, online slots can range from 92-98%. That’s an enormous difference to your bankroll over time. The graphics and sounds might be fun, but they don’t pay your withdrawal.
Answer 3: B) 5.26%
Online American roulette (with 0 and 00) has that nasty 5.26% edge on almost every bet. It’s like voluntarily giving the casino $5.26 for every $100 you wager. Meanwhile, European roulette with just one zero cuts this nearly in half to 2.7%. Always check which version you’re playing—many online casinos offer both but promote the American version.
Answer 4: A) Baccarat (Banker bet)
The unsung hero of online casinos is the Banker bet in baccarat with just a 1.06% house edge after commission. Most players gravitate toward flashier games, but smart players love baccarat because it requires zero skill or decisions—just click “Banker” and you’re getting one of the best odds online. No strategy to memorize, no decisions to second-guess.
Answer 5: A) How often it pays
Volatility is all about payout frequency. High volatility slots might go 20+ spins with nothing, then suddenly pay 500x your bet. Low volatility games give frequent small wins.
Not sure about slot volatility? Try some games to play for free to see the difference between high and low variance slots without risking money.
Answer 6: A) Straight flush
Online video poker has a quirky pay structure where straight flushes get disproportionately rewarded. In most Jacks or Better games, a straight flush pays 50x your bet while four of a kind pays just 25x. This massive jump doesn’t exist in traditional poker. Good video poker players specifically hunt for those straight flush opportunities.
Answer 7: C) 6:5 blackjack payouts
The sneakiest trend in online blackjack is casinos switching from 3:2 payouts ($15 on a $10 bet) to 6:5 payouts ($12 on that same bet). This seemingly small change increases the house edge by about 1.4%—more than DOUBLING it!
Answer 8: C) Pass line with odds
Online craps has a secret weapon: the odds bet behind a Pass line bet has ZERO house edge. None. It’s the only truly fair bet in any online casino. The Pass line itself has a 1.41% edge, but taking maximum odds behind it brings your overall disadvantage way down. Most players completely overlook this option.
Answer 9: C) Results use RNG with no memory
Every online slot spin uses a random number generator (RNG) with no memory of previous results. A machine that just paid a jackpot has exactly the same chance of paying another jackpot on the next spin. The “due for a win” or “hot/cold machine” concept is the costliest myth in online gambling.
Answer 10: C) Withdrawal speed and limits
Welcome bonuses get all the attention, but withdrawal policies reveal a casino’s true character. Sites with lightning-fast payouts and reasonable limits (or none at all) typically run honest operations. Those with pending periods, weekend lockouts, and tiny withdrawal caps are often trying to create “cooling off” periods, hoping you’ll cancel and gamble more.
How Did You Score?
8-10: You’re costing the online casino money.
5-7: You’re probably breaking even.
3-4: The casino loves your business.
0-2: You’re funding the CEO’s next yacht.