Most people believe that it is impossible to win in casinos because they cheat on players. It is not true. Players can cheat in casinos but not vice versa.
So, how it can be explained that casinos are always on velvet? Smart people and skilled players are winning big sums of money and even hit jackpots, moreover casino expenses are always high due to the luxurious interior design and nice salaries to countless casino staff. What is the casino secret? Casino house edge alongside with players' losses is a key to such profitable business.
What is casino house edge?
It is important to know that every game in a casino has its profit built in it for every bet. This is called Casino House Edge. It is also sometimes called Casino Advantage.
Every bet that is placed has its probability of losing or winning. It's a difficult mathematic? Yes, but without it casinos would be much less profitable. In other words, the casino house edge is a difference between true odds and odds that players have in the particular game. It is the average casino profit from bets placed by players.
The main idea of the house edge is that it is easy to approach the casino house edge by playing long. It is a kind of proportion: the longer the play is, the closer the house edge is.
Casino house edge chart
There is the casino house edge chart showing the % the house has on mostly placed bets.
House Edge Percentages |
Game |
Bet |
Percent (minus) |
HPH |
Baccaret |
Bank |
1.06 |
80 |
Player |
1.24 |
Tie |
14.4 |
Craps |
Pass/Don't |
1.4 |
30 |
Field |
5.6 |
100 |
Hardways |
up to 16 |
Roulette |
Double 00 |
5.26 |
50 |
Single 0 |
2.7 |
Carribbean Stud |
Ante |
5.3 |
40 |
Bonus |
48 |
Let It Ride |
Base |
3.5 |
40 |
Bonus |
15 - 30 |
Big Six Wheel |
One |
11.1 |
? |
$5 $10 $20 |
16-22 |
Joker |
24 |
Keno |
Average |
27 |
7 |
Blackjack * |
Basic Strategy |
1/2 (.5) avg |
60 |
Poor/Hunch |
3-5 |
Counter |
Positive |
Video Poker** |
Perfect Play |
Postive |
600 |
* Varies depending on Skill, Rules and number of decks used. |
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** Varies on Skill , Game type and Pay Table. |
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HPH means Hands Per Hour
Live blackjack house edge
Casino house edge is not the same in every casino game. Table games, especially blackjack, which requires skills and usage of blackjack betting strategy, have a low house edge and player can make it even lower. Blackjack has the lowest house edge, due to its complicated running. The secret of blackjack house edge is that it is growing in correspondence with large sums of money you may won at once. It means that it is not very good to win a lot at once, as blackjack house edge will increase immediately.
The easier way would be to double your bets couple of times in succession if you see that you are winning. In order to learn to reduce blackjack house edge you will need to practice in order to know how to play blackjack with the help of blackjack strategies.
Why it is important to reduce blackjack house edge?
- A player is more to win if the house edge is low;
- The house edge itself grinds away the money and if it is high, a player's money will not last long;
- It is obviously that placing small bets will give you a higher opportunity to win.
Casino house edge in different games
House Edge of Casino Games (and the Lottery) |
|
House Edge (with proper play) |
Maximum Payoff per unit bet |
Blackjack |
0.5% |
1.5 to 1 |
Craps, 1x Odds |
0.8% |
2 to 1 |
Video Poker |
0.5-5% |
800 to 1 |
Baccarat |
1.06% |
1 to 1 |
Roulette |
5.5% |
35 to 1 |
Slot Machines, flat top |
0-17% |
5,000 to 1 |
Slot Machines, progressive |
5-17% |
millions to 1 |
Keno |
25%+ |
thousands to 1 |
State Lottery, typical |
50%+ |
millions to 1 |
Tips helping to fight casino house edge
- Play casino games with the lowest house edge;
- Learn how to play by knowing the strategies of the games;
- Place small numbers of bets.
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