Many players wonder how casinos make profit. Some of them think that they alter spin results to make players lose and keep money from their bets. That is obviously not true. Knowing what house edge is answers the question of how online casino operators make money. It also tells you a lot about what your chances of winning when playing a certain game are. The house edge is specific to certain types of games and casinos can’t change it. Keep reading to find out everything you have to know about casino games house edge.
What is house edge?
House edge describes the advantage that casino has over players. This advantage is built into every casino game. If the house edge is for example 5%, it means that for every £10 put into the machine, the casino will keep 50p. The rest will be paid out in winnings to various players. The house edge is calculated over the lifespan of the machine so there is no way of knowing how much you will get back in every single game.
The grind-down is a term explaining why, even though the house edge is set at only a few percent, most of the time you lose everything you bet. That’s because house edge applies to the amount you place on every single bet, not to the total amount you start the game with. The longer you play the game, the better it works, and you have to be aware of the fact that you will almost always lose against the casino. House edge in slots
When you look at slot machines you can notice that each of them has a different Return to Player value. RTP represents how much the game will pay out compared to what the players put into the game. RTP is expressed in percentage and the amount needed to get full 100% is the house edge.
House edge in slots varies greatly. In some games casinos can have as little as 1% advantage, but in others as much as 30%.
House edge in popular casino games
House edge is different for each casino game. If you want to increase your chances of winning you should pick games with low house edge. Here you can check what house edge some of the most common casino games have:
- Roulette can offer two different values of house edge, depending which version you play. American Roulette has house edge as high as 5.26%, and European Roulette 2.7%.
- Slots on average offer house edge between 90 – 97%. Some of them can have a higher house edge, and others lower. A tip that can help you win is to always choose games with RTP over 96%.
• Blackjack usually has house edge between 0.35 – 0.60%. The house edge increased by around 0.02% each time a new deck is added to the game. That’s why it is advisable to play online Blackjack which uses only two decks. Land-based casinos use eight of them.