What is a Good House Edge?

The house edge describes the mathematical advantage a gambling game has holds over you. With this advantage, the casino has a guaranteed percentage return over time.  And you have a guaranteed percentage loss over time.

Gambling providers use the house edge to cover the costs of providing their games like paying their staff, maintaining the club, etc. As a result, they make money. Gambling profits are made from the money gamblers put into the games, whether a slot machine, keno, blackjack etc.

How Do Players Lose More Than They Expect?

The house edge is still a mystery to many people, even those who are aware of it. Since the house has a 5% edge at the roulette table, Players might think they can reasonably expect to lose around £5 if they sit down and gamble for a few hours with £100.

It’s important to understand that the house advantage only applies to the total amount wagered, not their starting bankroll. For example, if you bet £5 on every spin of the roulette wheel, and the wheel rotates 50 times an hour. Regardless of whether you win or lose some bets, they place a wager of £250 per hour.

At the end of four hours of play, if the house advantage plays out perfectly, you will lose £50, or 5% of £1,000, which is ten times more than what you expect because you might have misunderstood the house edge. Roulette wheels with a 00 slot have a 5.26% house advantage.

The casino management expects to pocket slightly more than £50,000 for every £1 million wagered at a roulette table. Bettor’s money is returned to them by £950,000. The casino doesn’t want to bankrupt a player in one go. However, it just wants to reduce the money you come in with, leaving the casino with money.

Using Your House Edge

As a player, you can use the house advantage as a guide for determining which games are the most profitable. Games with a high house advantage will reduce their average payout over time compared to games with a lower house edge.

You can avoid getting scammed by games that provide the casino with a massive advantage over you by using readily available information.

Why Does the House Always Win?

There is one certainty in gambling: The house always comes out on top. Unlike a charity that gives away free money, a casino is a business. A business has a business model to ensure its profitability, just as any other business does.

Games with the Best House Edge

How to Improve Your Odds

You need to be aware that the posted house advantage is not always accurate when comparing casino games. Not all bets in a game have the same house advantage, so sticking with the most favourable ones will increase your odds.

The player win has a 1.24% house edge, and the banker win has a 1.06% house edge. The casino will have an extremely small edge if you always bet on the banker.