How to Decrease Casino House Edge
Whether you’re playing online casino games, live casino or heading down to a casino in real life, you’ll always have to know and understand the edge of the casino house. Understanding what it is and how it works will help you develop a winning strategy.
An Overview to Casino House Edge
Whatever game you play, the dealer or house will have a statistical edge that works for the benefit of the casino. This is how it makes a profit for the casino. The product of this advantage is a fixed percentage gain over time for the casino. The edge will vary per game so you will lose less money by playing games with a lower edge of the house than games with a higher edge of the house.
Take an example: in roulette, the edge of the house is about 5%. On average, this ensures that the casino retains 5p as income for every pound bet and refunds the other 95p as winnings to the players.
In the long run, casinos are designed to win, and the edge of the house helps them. The casino doesn’t have to win any game every time, so they know they’re going to get a share of all players ‘ overall bets.
Despite this, people play because while in the long term the odds favor the casino, in the short term, anything can happen.
Edges can vary depending on which online casino you select, but for some of the popular games, below is a general guideline.
- Craps can go as low as 1.4%
- Blackjack – 8%
- Baccarat – 1.06% (Banker) and 1.24% (Player)
- Keno (bingo) – between 25% – 29%
- Sic Bo – between 2.78% – 33.3%
If you’re a more cautious player, you can choose your game by using these standardized edge rules. Playing Craps can mean that you compete in a playing field that is more or less equal, although games like Keno and Sic Bo can have a major advantage over the team, while payouts may be significantly higher for those who win.
Decreasing the Advantage
The House Edge is what it is, and it can’t be avoided. Yet knowledge and information is always useful and you can try to play with a reduced edge of the house in some places.
Blackjack–as this game requires some skill and determination from the player, the edge of the house is already quite unpredictable. Understanding the “soft 17” rule will help shift the odds for you–knowing if your online casino requires the dealer to hit or stand when they hit 17 will allow you to make a more informed decision about when to stand up. It can also help you to know exactly how many decks your online casino uses–the higher the number of decks, the higher the edge of the house.
Craps–this is another popular game that allows the gambler some degree of edge power. The edge of the house varies wildly depending on where you choose to place your money with so many different bets to place. For eg, bets on “Position 6 or 8” have an advantage as small as 1.52%, while “Some 7” would give you 16.67%. It’ll be a long way to know the investments.
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The edge of the house applies to the bet number, not the starting amount. You win some rounds and lose others, but you will be gambling with your winnings for some of those rounds. The Grind is the term used to describe the effect of the house edge cutting into your money as you continue to re-bet. You only have to play games with a weak edge for short periods to limit the grind.