As a rule, winning casino games is about luck more than anything else. However, other factors can determine your odds of winning and help you understand an acceptable loss rate. As a player, you should go into casino games with your eyes open, knowing the odds of winning or losing, so you make responsible betting decisions.
What is the house edge?
The house edge, or casino advantage as it is also known, is a primary lever on which you can calculate your chances of winning. It is a ratio of average losses to an initial bet. Average losses are calculated on optimal player strategy, which requires a degree of experience. Therefore, anyone new to online casino games should not assume that house edge figures will apply to them when they start.
Knowing the house edge allows players to estimate how much they stand to lose with greater accuracy than any other calculation. This helps them determine a game’s potential profitability. Many people apply similar principles when considering converting their ideas into business plans to assess their viability. Here are some casino games with a house edge that benefits players:
Typically, the blackjack house edge sits at 0.5%, which is extremely favorable if you are an experienced player. If you are not a blackjack aficionado, a quick review of the rules and some practice will get you primed for action. You can learn to apply strategies like studying blackjack charts that show you every possible outcome for the cards you and the dealer hold. Alternatively, players could try card counting, although casinos frown on such tactics.
A roulette house edge depends on which game format you play. American roulette has the worst house edge at 5.26% for red or black because its wheel includes a 00 pocket. In European roulette, the figure is 2.7%, and in French roulette, 1.35%.
While baccarat might not be as well-known as other games, it could be one of the best ways to make money in a casino. However, it is easy to learn as the rules are few and uncomplicated. Additionally, when baccarat is played well, the house edge can diminish to 1.01%, meaning that players can see an almost 100% RTP (return to player) rate. Experts suggest three tactics to maximize your chances of winning: back the banker to win, never take a tie bet, and play with fewer decks.