Published on September 24th, 2019 | by Guest0
Casino Games House Edge Explained
Do you ever wonder how casinos make a profit when they are giving away money to winners every minute? One might think it is because players lose big on bets, but this is not true at all. All casino games have built-in advantages that work to a casino’s favor.
This is called the House Edge, and in this online casino guide, we are going to discuss all that you need to know about it and, more importantly how you can play to beat it by using this knowledge to your advantage.
What Is House Edge?
House edge is commonly known as a casino advantage, or how the casino makes money. It exists at every table game, slot, or lotto in a real casino and an online casino.
House edge tells a player how much a game pays out on average in its lifespan. Also, it tells you which games offer a player the best profit on their bets. Being familiar with a game’s rate to win can help you make smarter choices and earn more.
The House Edge is different for every game, and the original games itself determine it. A particular casino does not determine it. It does not matter where you are gambling, in a real casino or an online casino; there is no way to escape it.
How to Use House Edge Knowledge to Your Advantage
We are going to tell you how to use ‘house edge’ knowlege to make a more significant profit for yourself when you play. Real casinos and online casinos do not want players to know about this because you can use it to your advantage instead of the casinos having the edge.
The games with a high house edge will pay out less on average over their lifespan compared to games that have lower ones. The information is available to the public, and we are going to give you insight into the range of the most popular games.
Online Game Comparison with Our Recommendations
With some games, the rate at which the casinos win vary. This varying percent is not because of different casino rules or regulations but, specific conditions with the game itself.
Online blackjack is one of the most popular games for online casinos all over the world. There are many different variations of the game, which can affect blackjack’s house edge.
Blackjack relies a lot on a player’s knowledge of the game and how to win, but also there is luck of the that are cards drawn by the dealer. Because of this, there is a 0.5% house edge based on if the game is played perfectly using the standard rules and generic strategy.
The more you know about blackjack and how to win, the more the house edge becomes less and less. Even after knowing the rules and strategies of blackjack, there are some other recommendations we have to reduce the casino’s chances of winning even more.
Check out these recommendations before you start playing blackjack online.
Look at Online Blackjack Charts
Easily found online, blackjack charts show every possible outcome for the cards the dealer and you hold. Knowing this can help you to make decisions depending on the cards shown on the table.
You will first need to know the charts before you can use this strategy. If you remember the card values that have been played on the table, this can help you to understand what cards have the possibility of remaining in the deck. Once mastered, this can bring the house edge to 0.18%, which makes your odds as a player pretty good!
Online slots rely only on luck, not so much skill or experience. Each player is equal, and there will never be a way to better your odds. All you can do is hope for the best results when you play.
Something that can help you determine which slots are better to play is looking at the Return To Player for each slot machine. In slots, Return To Player tells us how much a slot machine has paid out over its life versus how much money total players have paid in.
If we look at the Return to Player as a percentage, the number that is needed to get to 100% is considered the house edge. For example, if a slot pays out a Return To Player of 80% then, the casino wins 20% of the time for that specific slot machine.
Have you ever wondered why offline casinos have so many slots games? This is because slot games have a low Return To Player percentage. This means that online casinos have the best chances of winning with online slots!
If you are a player that enjoys playing slots, we will give you some things to keep in mind.
Seek Out the Slots With the Highest Return to Player
If you look hard enough, some online slot games have a Return To Player of 99%, meaning the casino wins only 1%!
Play the Max Number of Pay Lines
If you do so, you will maximize your chances of getting a winning line.
Play Slots With Bonus Games
Bonus games are where you make the most money on slots. These are often the sweet-spot for winning big rewards.
Online poker is similar to playing at a live table, just on your computer screen. Now, there are many different versions of online poker variations you can play. Different poker games require different strategies and also different house edges.
Just like with most table games, knowing the rules and strategies of poker will help you have better judgments, improving your chances to win and decrease the casino’s chances.
The perfect strategy will help you to win at Online Poker, but we have some other recommendations for you to maximize your earnings.
Compare Pay Tables
Similar to online slots, online poker comes with pay tables that show you where you stand to win for each winning hand. Not every paytable pays out the same amount, so do some research to find the highest payouts.
Bet the Max
Not only will betting the highest wager give you back even higher payouts when you win but, with many online poker variations, if you bet the max, it will pay out higher odds than if you bet a lower amount.
First, Practice For Free
Many online poker games allow you to play for fun. This will not make you any money, but it will give you a chance to practice your strategy, and when you do make real bets, you will lower the casino win rate.
The Bottom Line
This is just some information about the house edge and how to use this information to your advantage. Also, we only explained the house edge for a few of the most popular online games.
House edge is an element in all casino games, including online games. It is essential to do your homework about the games you like to play to get the best payout and win the most!
If you are struggling with a gambling problem, you can look at this website for support.