If you’re unsure exactly how either traditional casinos or online casinos like kingcasino.com make a profit, look no further than the house edge. Obviously, the house doesn’t win every time or it wouldn’t be any fun and no one would bet. However, you know that old phrase about the house always wins in the end? Well, if by “the end”, you mean “an assured percentage over time”, you’re not too far off the mark.
In short, the house edge is a term used to describe the mathematical advantage that the game has in its favour, and not your favour, as you play over time. This advantage results in an assured percentage return to the traditional casino or online casino over time, and for you, an assured percentage loss of what you bet.
Using the information to your advantage
If you’re a savvy gambler, you can turn the house edge to your advantage. Yes, as we established, it’s an inherent advantage that the casino has over you, but you can turn the tables and use it as a guide to tell you which games are the most profitable.
For example, games with a high house edge will obviously pay out less on average over time compared to those that have a house edge that’s lower.
Using this information, you can avoid getting drawn into playing games that give the casino a big advantage over the player. This then protects you and your bankroll, freeing you up to make your money elsewhere on other more profitable games.
RTP (return to player) percentages
Whilst we’re talking about house edge, it’s worth knowing about RTP rates too, as the two are linked. With slots machines, the RTP represents how much an individual machine has paid out over its lifespan, in relation to how much money has been paid in.
For example, if an online slots machine has an RTP percentage of 95%, then logically it has a 5% house edge. Likewise, Las Vegas RTP rates are nearer the 75% mark. Therefore, the house edge is around 25%. You can see why more and more people are signing up online to play.
The typical house edge for some popular casino games
- Baccarat 1.06%
- American Roulette 5.26%
- European Roulette 2.70%
- Classic Blackjack 0.13%
- Double Exposure Blackjack 0.69%
- Vegas Strip Blackjack 0.35%
- Let it Ride 3.51%
- Keno 20%-40%
- Sic Bo 2.78%
- Craps 1.36%
UK casinos will always show you the house edge
When you sign up to an online casino that has been licensed and regulated by the UKGC (UK Gambling Commission), the site is required by law to post the house edge so you can make informed decisions.
As the UKGC’s regulators regularly test the house edges on online casino sites to see if it’s accurate, you’ll not have to worry about not getting the correct information you need in order to make these informed decisions.
Use the data to your advantage and choose casino games that offer the lowest house edge. Steer clear of the ones where the odds are overwhelmingly in favour of the house.
HussaiN is a full-time professional blogger from India. He is passionate about content writing, tech enthusiasts, and computer technologies. Apart from content writing on the internet, he likes reading various tech magazines and several other blogs on the internet. Email ID: [email protected]
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