It’s normal to see discussions about the house edge on online casinos and online gaming forums. Some people are unaware that the house edge has a big impact on various live casino games. What is the house edge? Unfortunately, many sources fall miserably short when it comes to answering this question.
Fortunately for you, you are in the right place. We will break the term down. You will also learn how you can use the house edge to your advantage.
What is the House Edge?
It’s imperative for you to understand that a casino is a business. The brain trust behind a casino makes an earnest effort to make a profit. If they don’t do this, they will not be in business for a very long time.
Most of the games featured at an online casino are slanted in the casino’s favor. This gives the casino a golden opportunity to have a better chance of winning. This is known as the house edge.
When the huge jackpots begin to accumulate, the house edge helps the casino cover these large sums of payouts. As you can see, being a consistent winner helps the casino stay afloat.
It is important to mention that not all games are equal in the virtual gaming industry. Some games don’t have a house advantage. For example, live poker tables will pit you against other poker players around the globe. You will not be playing against the house.
Three Gaming Categories
When it comes to house edge, the games fall into three different categories. You have a low edge, medium edge, and high edge. Let’s take a quick look at them.
High House Edge
Slots – 3% to 20%
Keno – 20% to 40%
Medium House Edge
Slots (Medium) – 5% to 10%
Caribbean Stud – 5.2%
Three Card Poker – 3.4%
Let it Ride – 3.5%
Roulette (Double Zero) – 5.3%
Low House Edge
Blackjack – 0 to 2%
Baccarat – 1.2%
Video Poker – 0.5% to 3%
Pai Gow Poker – 2.5%
Craps – 1.4%
Can You Shift Things to Your Favor?
It’s extremely important for you to know the house edge before selecting your games. This will help you know your odds of winning. An experienced casino player will not hesitate to tell you that you should know your chances of winning. If you don’t, you are throwing your hard-earned money away.
Once you know the house edge, you stand a good chance of winning. You will also be in a better position to use various gambling strategies. In short, knowing the house edge can increase your chances of getting a good return on your money.
The casino will always have an advantage over you, but this does not mean that you cannot win money. Knowing the house edge can help you become a better casual or professional casino player.