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House Edge: Does Fortune Favour Those Who Play the Odds?By Shane Addinall Sep 15, 2022Losing while playing casino games is inevitable, but there are ways to minimise the losses. Instead of trying to chase losses, use house edge in your favour by choosing games that reward better.
We all love spending some time playing our favourite casino games, and there is always the hope that we pocket some winnings along the way. Gambling comes with one guarantee: the house always wins. The fact of house-edge in all casino games is undeniable, so what can players do to minimise their risk?
Beyond gambling basics, like only wagering with money you can afford to lose, there are other approaches to help players make their online casino experience more fun and lucrative. The most straightforward option is to pick games with the lowest house edge. Join us as we look at the 8 casino games with the best odds.
May the Odds Be in Your Favour
The secret to enjoying gambling is understanding what you are up against, and the house edge is the most important factor here. Different casino games offer players different odds. We also know that players can lower the edge even further by combining the best house edge with skill.
House edge translates to the rate at which a casino pays out when players use optimal strategy. We can also explain it as the ratio of loss to the initial bet. Therefore, the smaller the house edge percentage, the less you are likely to lose in the long run while applying optimal strategy.
Jacks or Better video poker
Jacks or Better is a fun video poker variation that offers punters quicker gameplay than other versions of poker. Like most video poker games, in a game of Jacks or Better, punters face the computerised dealer, and the gameplay is much faster than a live casino set-up. Since its launch at online casinos, there have been many fresh additions with side bets and different gameplay experiences.
The game itself is one of the original versions of poker that dates to the 19th century. Perhaps the low house edge helps this age-old card game to remain a staple in the casino library. Jacks or Better offers players a 0.46% house edge when using the perfect strategy. There are countless online sources for the best Jacks or Better strategy, including Gamblers Pick guides.
There are many kinds of blackjack available online, including exciting live options along with local variations like Spanish 21. As an age-old favourite, it might surprise you that the game of 21 comes with very attractive odds. When played with a single deck of cards, blackjack comes in with an average house edge of 0.5%, and certain rules allow this to drop lower than 0.1%.
Online casinos have entertaining video blackjack options where punters can hone their blackjack skills, and many of these games offer automated strategy advice. When blackjack players use basic strategy tips on when to split, stand, or hit, they increase their odds of winning more often and minimise losses.
Because there are so many variations of blackjack, it is good to understand that certain versions, rules, and side bet options affect the odds. For instance, whether or not the dealer stands on soft 17 has a major impact on the house edge, and so does the number of decks used. Regardless, most blackjack options offer the best odds, and this is one reason punters love the game.
As a favourite to agent 007, this card game is simple to learn and comes with excellent odds. Also known as punto banco or Chemin de fer (by some French players and Mr Bond), baccarat is one of the oldest and most popular casino card games in the world. The highly sophisticated game mostly has three bet options, but only two come with reasonable loss ratios.
Baccarat rules are straightforward, and we could compare them to betting on the flip of a coin. Players have three betting options: Player, Banker, and Tie. Some modern online versions have side bets, but the original rules include the ones we mention. The aim is to get a total hand as close to 9 as possible. Whoever gets the best combination wins the round, and this is what the player bets on.
The house edge for a banker win is 1.06%, for a player win, it is 1.24%, and for a tie, it is 14.36%. Most baccarat tables at online casinos deal from a six or eight-card shoe, but the odds remain in the same approximate range, and the most obvious bet strategy is to stick to the banker and player bets while applying basic baccarat strategy.
Craps is one of the oldest games of chance and used to be played on the streets, with historians estimating its origins from the Roman era. Since then, it evolved into one of the most exciting table games in land-based casinos, with roaring crowds surrounding the table. Today, the dice game has many online versions, and although the excitement of a crowd isn’t there, the core principles remain.
House edge for the beloved dice game is anything between 1.4% and 5%, depending on which bet you make. Although the action of a craps game seems straightforward, many rules complicate the game, and it is best to review and understand these before placing bets. Certain bets make it tricky to determine a house edge. An example of this is the place bet, where it could take many rolls of the dice to resolve a bet.
Because of these differences, we express house edge for craps in different ways than other casino games. Odds ratios depend on if a push is being counted. Without getting too technical here, the best bets on a craps table are the pass-and-come bets which offer players odds of approximately 1.41%. If you are keen on shooting some dice, look at our Craps guide.
Pai Gow Poker
This table game is a unique and more recent casino game played with a single 53-card deck, including one joker. Inspired by the Chinese domino game Pai Gow, this fun and social poker game originated in Southern California in the 80s, and players bet on two hands instead of one.
Pai Gow Poker has a house edge of approximately 1.46%, and although it is a game of skill with similar rankings to standard poker, it is an easier game to learn. Both the player and the dealer get 7 cards each after the player enters their bet. The joker card is a semi-wild and can complete a straight, flush, or straight flush, and royal flush.
Both parties split their cards into two hands: one two-card hand being low, and the other 5-card hand for high poker values. Players bet on whether their two separate hands beat their opponents, much like classic poker games.
Ultimate Texas Hold ’Em
This popular version of poker is available as a video casino game at most online casinos and as a live online casino game known as Extreme Texas Hold ‘Em from Evolution. In this poker game, the players may make one raise at any point of playing a hand, and the earlier they do this, the higher the raise can be. Standard US rules apply to Ultimate Texas Hold ‘Em, which is played with a single deck.
The game has a house edge of 2.19% on the ante bet, using an optimal strategy. Punters have the advantage of playing this fan-favourite for free on training versions, and some real-money casino games have the option to switch on computerised advice for the best strategy.
An advantage with this version of poker is that you play against the house, and no poker face is required, so don’t worry too much about a bluff or Botox replenishing. Ultimate Texas Hold ‘Em is the perfect game to allow players the freedom to learn solid poker strategies while becoming confident gamblers.
There are two kinds of roulette that reign among punters; single zero and double zero. The latter is an American version of the European former. The number of zeros has a major impact on the house edge, and therefore only European, or single zero, roulette makes it onto today’s list. As one of the easier table games, it has become a favourite for land-based patrons and online punters.
Single zero roulette has a house edge of 2.7%, and the difference comes in with the 37-number wheel. Thanks to the single zero on the wheel, the house edge drops significantly when compared to the American double zero version.
Other rules that impact the odds are whether the game has Atlantic City rules or French rules. When playing according to French rules, the la partage standard allows players to get part of their even money bet back when the pill lands on zero. Atlantic City rules can apply to single or double zero wheels and drop the house edge to 2.63%.
These highly entertaining online casino games are by far the favourite choice among punters around the globe. The trick is to find slots with the highest RTP ratings. Online Slots represent house edge through the Return to Player percentage, and the average rate is around 96%. This translates to a house edge of 4%, which is not exactly in line with the previously mentioned games.
However, some software providers and casino platforms have online slots with RTP ratings of 97% and 98%. Now we’re talking, right? Always remember software developers calculate RTP scores over a massive number of spins, mostly over 1 million. Another differentiating point is that some providers allow platforms to choose the RTP, meaning that the same game can have different odds at various online casinos.
When opting for online slot gambling, always do so with responsible gambling tools, like automatic time and loss limits, activated. The downside to slots with a low house edge is the lack of game options and exciting themes. Most slot games run with an average RTP between 94% and 96%, with exciting bonus features to sweeten the deal.
Odds Stacked Against You?
These are the best games to choose when you want to play with the highest odds of losing as little as possible. Gambling always has an element of risk, and when it is no longer fun, take a break and do something else you enjoy.
At the end of the day, casinos are a business, and the house edge is there to keep them in business. As the saying goes: “Some you win, some you lose”, so play casino games for the fun of it, and if you win along the way, it is a bonus.
Tagsvideo slots baccarat roulette european roulette texas holdem pai gow craps blackjack jack or better video poker house edge
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