If you’re a casino enthusiast, you have probably heard the basic term “house edge”. Have you ever wondered what is the casino’s main goal behind creating the wide gambling platform and offering different game varieties online? How does gambling sites make profit? Does their revenue comes from the players’ losing bets? No. Online casinos have a built-in advantage that makes profit for them. And, it is called the house edge. Want to know what is house edge and why the casino house always comes out as the winner in the end? Continue to read this post.
What Is House Edge?
Sometimes also known as the casino advantage or house advantage, house edge is a term that describes the mathematical advantage and the average profit, online casinos expect to make for different casino games. It helps in determining how much each game pays out over its lifespan on player’s bets.
Importance Of House Edge
Understanding and determining house edge is extremely important. The reason is that it is one of the crucial variables that tell the average loss of a player.
Average loss = Amount bet per round x number of rounds per hour x house edge x number of hours played
Hence, you would not be able to calculate the average loss if you don’t know what is the house edge percentage of a particular game.
House Edge Of Famous Online Casino Games
The house edge differs from one casino game to another even one specific type of game has varying advantage among its variants. Here are the most popular casino games along with their house edge.
- Slot machines – 0 to 17%
- Blackjack – 0.5%
- Roulette – 5.5%
- Baccarat – 1.01%
- Video Poker – 0.5 to 5%
- Craps – 0.8%
- Keno – 25%+
Always keep in mind that harder a game is to learn and master, the better the winning potential. That’s a reason video poker, blackjack, and craps, which take some time to learn, have the lowest house edge.
Online Casino Games With The Lowest House Edge
If you don’t have any idea on which games has the lowest house edge to help you get some extra money in your account, then pick any of the following.
- Blackjack (Single Deck) – 1.5%
- Craps – 5.0%-0.8%
- Baccarat – 1.01%
- Three-card Poker – 1.5%
- Video Poker – 5.0%-0.5%
- Slots – 10.0%-2.0%
- Roulette (single zero) – 2.5%
- Pia Gow Poker – 2.5%
- Caribbean Stud Poker – 5.0%
- Backgammon – 6.39%-4.82%
Pick the baccarat game if you’re a novice as it has the lowest house edge. But, as always said, little or incomplete knowledge can be dangerous. So, alongside considering the house edge, also keep into account other essential factors such as game play, features, betting limits, etc. Don’t go just on the house edge but also figure out how the specified game is played and if it matches with your gaming style or preferences.
Read Also: How To Decide Which Casino Game To Play?