An Examination of the House's Edge
If you are a recreational gambler, or if you are a novice gambler, then you may have heard the term "House Edge," and wondered what it means. Most people think that the House Edge is the ratio of total money lost to total money wagered, however, this is not the case. In reality, the House Edge is a ratio made from the average loss compared to the initial bet. This ratio is important to know when making bets at the various casino games as it tells you what bets give you a better chance of winning, and which bets give the House an overwhelming advantage.
The House's Edge in Table Games
Knowing the House's Edge ratio for the casino table games that you play is very important because if you don't know which bets give you the best odds of winning you can waste your money. One example of this occurs in the game of craps. In this game the inside propositional bets can have a House Edge ratio of up to 16 percent, while the line bets and 6 and 8 bets have a much lower 1.5 percent House Edge. This example clearly shows the impact that knowing the House Edge ratios can have on your success at a table game. Other House Edge ratios include: 1.06 percent for Baccarat when betting on the banker, 1.24 percent in Baccarat when betting on the player, 14.36 percent when betting on a tie,
The House's Edge in Casino Poker
Poker games played at casinos also have a House's Edge to take into consideration. If you plan on playing Double Down Stud the House's Edge will be 2.67 percent. If you play Pai Gow Poker the House's Edge will be between 1.5 percent and 1.46 percent. If you like to play Three Card Poker the House's Edge will be between 2.32 percent and 3.37 percent depending on the version of the game. And if you play Video Poker the House's Edge is only .46 percent if you play a Jacks or Better video poker machine.
Other Casino Game's House Edge Ratios
Every casino game has a House Edge percentage associated with it. If they didn't the game wouldn't be in the casino. If you like to play the less popular casinos games then you will be interested in the following percentages: Big Six between 11.11 percent and 24.07 percent, Bonus Six between 10.42 percent and 23.83 percent, Blackjack between .18 percent and .43 percent, Casino War between 2.88 percent and 18.65 percent, Catch a Wave .5 percent, Keno between 25 percent and 29 percent, Let it Ride 3.51 percent, Red Dog 2.8 percent, Sic-Bo between 2.78 percent and 33.33 percent, Slots Machines between 2 percent and 15 percent, Spanish 21 between .4 percent and .76 percent, and Super Fun 21 .94 percent. In conclusion: If you want your bankroll to last a long time and get value for your wagered money, stick to the games with small house edge. | |
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