Everyone who has ever been to a land-based casino or played online should know that each game comes with a house edge. This means, that on average, the casino will come out in profit.
Of course, this doesn’t put players off joining in the fun nor preventing some punters from making a living or fortunes from a casino.
Many smart punters tend to play the games where the house edge is ever so slight on games that give pay outs of evens or above.
A simple example of even pay outs would be tossing a coin. You bet £1 that it will land on heads and have a 50/50 chance of winning.
Many successful punters employ the Martingale System. This is where they only place bets on even money, such as the example above. Then, should they lose, they double their money for the next bet and still have a 50/50 chance of winning.
The theory is that they could lose their first four bets, but by winning the fifth they will have come away from the table with double their original stake.
This strategy and many others can be practices for free by signing up and playing the free casino games over at Betfair. Many newbies to the game may find it beneficial to play online for free to practice their systems before going into the real money games either online or at a land-based casino.
Roulette is a very popular game at casinos, but few realise that it has a rather big house edge compared to other games available.
The European variation of the Roulette game gives the casino a house edge of 2.7% because of the green zero. Its American counterpart has a double zero as well which makes the house edge as high as 5.26%.
This means that on average, for every £100 that is bet on a single spin of the roulette wheel, the casino will come away with £2.70 profit in Europe and £5.26 in America.
How does this compare to other popular casino games, both online and off?
Well, Blackjack has a house edge of just 0.5%. No wonder this is such a popular game with players who employ the Martingale System and other similar strategies. Blackjack bets are even money of course.
In Baccarat, the house edge is at 1.06% if your bet on the banker, 1.24% if you bet on the player and a staggering 14.36% if you bet on a tie. It is widely advised that you stay away from betting on the tie given that all outcomes pay out at even money.
Betting on the Pass in Craps gives the house an edge of 1.36%, whilst betting on Don’t Pass makes the house edge 1.41%. Any seven turns the favour to the casino into a staggering 16.67%.
Three Card Poker gives the house edge a 7.28% and therefore is one you may want to consider avoiding. Likewise, Keno is the casino hotels favourite game as it has a house edge at a staggering 20-40%.