Gamblers lose wagers much more frequently than they win. When you iron out the odds and ends, they often do not break even with their expenses and profits. The adage about the house ‘always’ winning, however, is not quite literal. People do get away with great profits off games in the casino. Instead, the proverb points out at the fact that the house gets an upper hand in every casino game. But by how much? The answer, as one would guess, differs to a great degree from one game to another. Keno and Big Six Wheel, for example, are infamously difficult to win in. One can win even at the most unlikely gamble if luck favours them. Thus the easy way to find ‘safer’ casino games is by looking at their house edge. Keno, for reference, has an astoundingly high house edge at 25%.
The ‘house edge’ is an estimation of how much the game mathematically favours the casino. In a sense, you can look at it as the gap between the average chance of you winning vs the average chance of the casino winning. Casinos are good at balancing the risk of high house edge with the lure of high payouts. Some games, however, are more user-friendly in terms of this ratio. The following games have an extremely low house edge with fair payouts – almost good enough to consistently break even.
Blackjack is one of the most popular casino games ever, and for good reason. Generally, games with good odds tend to be very difficult (e.g. poker). Blackjack, however, is both rewarding and easy to learn. The house edge is less than even 1% in some blackjack tables. Meaning, you and the house almost have a 50-50 chance to draw the winning hand. Moreover, online blackjack can become extremely beginner-friendly with some help from the widely available strategy guides.
Craps certainly numbers among the most casual casino games. All a gambler does is bet on the outcome of a dice. As a result, there is not much room for micro-management and strategies outside of knowing how to use your bankroll. To sweeten the deal, There are a couple of different ways to bet on craps. You can take the lead yourself and throw the dice personally, or you can simply let someone else roll it while you kick back with a few drinks. According to some experts, personally rolling the dice can amp your odds through ‘dice control’ methods. Needless to say, this is not really an option online. Anyhow, the different bets have different winning chances for you at the craps table. The house edge in multi-bets can go as low as 1.3-1.5%. A ‘pass/come’ contract multi-bet has about 1.41% house edge with a 1 to 1 payout
Baccarat looks more complex than craps, but they are virtually the same in principle. Rather than a dice, you basically pick between two sides in Baccarat – the player and the banker. Whichever gets the better hand upon a draw wins, and the wagers backing the winning hand also wins. Most baccarat players know that the banker bet is actually wins more often, with a 1% house edge. The player bet, on the other hand, has 1.24%. As anyone would guess, the casino balances this with a lower payout on banker bets.
Poker is the game of choice of the prestigious casino elite. It is well-known for its complexity and high skill ceiling. Due to its steep learning curve, many casual gamblers never get to a competitive level. It demands as much as any processional chess player’s craft to actually play poker at the pro tournament level. Not everyone can go to WSOP. In fact, most poker players lose very often. The game, however, potentially has the highest chance of winning if you play your cards right. However, it depends on more than just the innate game math. You win at blackjack most consistently by just playing better than the people at your table. If you are the most skillful player at the cardroom, you can make a living out of it.
It is important to recognize that we are specifically talking about European roulette here. Due to its omission of a ‘green’ slot, French/European roulette has a 2.7% house edge, almost half the rate of American roulette.
Good winning odds do not guarantee that you will necessarily do well in one casino night. They are long-term statistical averages. It is more worthwhile to look at them as a way to tell the expected value of your bet.
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