House Edge Explained

We all know that eventually the casino will win in the long run.

This is what is known in the industry as the ‘house edge’ and is simply how the casinos make their profit from players’ bets.  For example, the house edge for roulette is about 5 per cent meaning that for every dollar you bet, the casino will keep on average 5 cents as its profit. The rest is returned to you as winnings. Of course some players win and other players lose but the longer you play, the closer your losses will correlate with the house edge as it’s the average loss over a period of time.  The house edge for each casino game varies. Obviously you’re looking for casino games that have a small a house edge as possible as you’ll be more likely to win.  The games with the smallest house edge include blackjack, craps and baccarat. To reduce the house edge even more, the only thing you can do is learn the best strategies for these games as they involve not only chance, but skill. The worst house edge of all casino games are the slots so just avoid them. Your money will be sucked down in no time fast.