The House Edge – A Guaranteed Win for the Casinos

Here’s why it’s important to know the house edge, which is the amount of money the casino expects to win from you over time when you play the games. The bigger the edge, the more they win. The smaller the casino advantage the longer your money may last. You are at risk for a quicker loss on any type of bet within a game that has a house edge of more than 2%.

Here is the house edge, AKA casino advantage, for some of the most popular gambling games in casinos today:

Roulette

There are 38 numbered positions that players can wager on in a number of ways. Betting a single number and winning will net you a payoff of 35 to 1. Therefore the casino makes a 2 unit profit for each win. 2/38 = 5.26% advantage for the house. Your expected loss over time is $5.26 for every $100 wagered. on a single number.

Craps

Type of bet Edge

Pass Line 1.4%

Place 6, 8 1.5%

Any Seven (one roll wager) 14.36%

Baccarat

Bet Bank. 1.06%

Bet Player 1.24%

Bet Tie 14.38%

Basic Blackjack

By far the best table game as long as the player uses correct basic strategy and the house offers favorable rules such as:

Blackjack pays 3 to 2

Dealer stands on soft seventeen

Double after splitting pairs

Double on any 2 cards

Re-split pairs

Surrender allowed

Look for these rules and you’ll enjoy a house edge of about 0.5%.

It’s worth noting that many casinos have switched to hitting soft 17. This increases the edge to 0.7% but it’s still a good game. Be aware of games that pay only 6 to 5 for a player blackjack instead of the customary 3 to 2. Simply put, a 3/2 game nets a player $15 for a $10 bet, whereas a 6/5 game only pays $12. That’s a -$3 loss for every blackjack! Not good. Unfortunately, the Vegas strip is converting to 6/5 games.

Blackjack Variants

Two low edge blackjack variants are:

Spanish 21. 0.7%

Blackjack Switch 0.6%

Carnival Games

Remember the infamous words of the carnival showman P.T. Barnum? ” There’s a sucker born every minute”. A number of games are dubbed carnival games because of a higher house edge than the traditional offerings of blackjack and baccarat. They are:

Texas Holdem Bonus 2.0%

Three Card Poker 2.3%

Ultimate Texas Holdem 2.5%

Four Card Poker 2.8%

Casino War 2.9%

Crazy 4 Poker 3.4%

Let it Ride 3.5%

Mississippi Stud Poker 4.9%

Caribbean Stud Poker 5.2%

Also, be mindful of the optional bonus or side bets at the tables. Most games have them, including those with a low edge.The winning payout amounts look very attractive and players can win even if the original wager is lost to the house. However the house edge jumps to double digits on most of these wagers.

Sports Gambling

When betting on sports games, the house takes a “vig”, slang for vigorish, when bettors make an even money wager. For example, a $10 bet on the Buffalo Bills, vs. the Miami Dolphins will cost $11. Player wins $10, the house keeps $1.

Slot Machines

It seems the everybody loves the penny slots these days. Multi-coin, multi-line with striking themes, graphics and bonus features. Players can wager as little as fifteen cents up to three or four dollars per spin. the edge on the pennies ranges between 10 & 15%! The hold on dollar and higher machines is much lower, ranging from 2 to 5%. If you’re going to bet max on the pennies, you’re better off playing the bucks.

If you like machines study up on video poker. Learn how to read the pay tables that are posted on each machine. There is a skill element to video poker. Choosing the right game can drop the house edge to less than 1%. Good Luck!

Online Casinos and Mobile Casino Games on Your Phone

Online casino participants, at the very least in regions in which online gambling is 100 % legal, learn that they might or might possibly not have opportunity to take part in their preferred online casinos games when they are at home. A lot of individuals have incredibly long commutes times to their places of work and utilize mobile phones to occupy in their free time to take part in their favored mobile casino games.

It is basically a well known fact that individuals are now employing other strategies to be on the internet to do several different activities and financial dealings. As technological innovation cultivates a whole lot more people decide to make use of the wireless web connection to play mobile casino games like mobile poker, blackjack, slots and roulette on their cellular devices. This is a more advantageous option for them rather than utilizing their home computers given that they can make use of them when they are outside the house in virtually any region.

So when these customers are not at the home or office, they could use some of their spare time and opt to engage in mobile casino games.

People want to do many actions on the internet mainly because of the efficiency aspect. Paying the bills, business banking and shopping are amidst a few of the favorite things folks enjoy doing on the net together with leisure time activities like watching movies, online gaming and going on social networking internet sites. At present, most of the activities just talked about can also be performed on a cell phone including mobile casino gambling.

As being on the web becomes a trouble-free and easier component of everyday life, much more online casino participants will also expect their alternatives to be increased along with the choice to play mobile casino games by using their mobile devices. Actually, a large amount of online casino game enthusiasts will hope for their online casinos to make available mobile casino gaming for the instances when they’re not in a position to be at their home PC.

Breakthroughs in the mobile enterprise, like the Apple iPhone, are forming a more substantial mobile casino target audience. Any online casinos that give both their standard online casinos and a smooth adaptation for their members, who would like to additionally perform online casino games on their mobile devices, are undoubtedly ahead of the game in regards to the online gambling for the future.