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Casino Secret - Why casinos always have an edge?

  • Published Date December 16, 2020
  • By Admin

 

 

Have you ever visited a casino before, walked to the roulette table and bet on your favourite number...thinking that if it hits, you will make 20X your money?

The ball bounces around, gets closer to your number and your heart starts pounding...a second later, it lands on another spot.

You think to yourself, “Damn...it was a total waste of money, but let’s try my luck at it again.” What is the worst thing that could happen?

Well, you put all your chips into one magical number...and again you end up losing it all to the house.


Casinos offer unlimited entertainment. Even though you don’t gamble, watching other player’s risk everything and manage to beat the odds is fun. Naturally, like all organisations, casinos exist to make a profit for their casino owners. But, have you ever wondered how casinos make money? Is it all down to losing bets by the players right? Actually no. Casinos already have a built-in advantage that works in the favour of casinos. This is known as the house edge. This is by no way the latest development. Casino games like roulette, blackjack, and baccarat, have been famous for almost more than a century and the house edge, which depends on the rules, has not changed much.

What is the house edge?

You possibly must have come across the saying, “The house always wins”? It is true, the house in this refers to the casino. The casino will win in the long run. This is because every game has a mathematical edge. 

The house edge is a percentage representing the advantage that a specific casino has over the player. However, it is not the ratio of money lost to the overall bet. Instead, it determines the average loss to the original bet, making it easier for a player to predict their possible losses during their gaming session.

If you are still struggling to understand it, let’s put it like this - in a game of American Roulette (where the wheel has added double zero), the house edge is 5.26%. This means for every $1 million bets at the table; the casino will make a profit of more than $50,000 and $950,000 of the bet is returned to the bettors. The casino is not intended to bankrupt a player in one sitting. It only wants the player to walk out with less money than they came in within the long term, leaving the casino with a profit.

Why players lose more money than they expect?

Many people who are mindful of the house edge still do not understand its impacts for their bankrolls. They think that the house edge has approximately 5% edge at the roulette table which means that they can plan to sit down with $100, gamble for a few hours, and the probability is that they will lose only about $5. They do not realise that the house edge does not apply to the initial bankroll, but to the total amount of money they bet.  

Let’s say you make a $5 bet on each spin of the roulette wheel, at 50 times an hour. While he may win some bets and lose some, you are betting $250 an hour. If the house edge plays out perfectly, you lose 5% of $1,000 at the end of four hours of play, an amount 10 times greater than what he predicted from his misunderstanding of the casino’s house edge.   

The House Edge for Casino Games

There is a wide range of social casino games and you can be certain that they are built to give the house a complete advantage over the players. However, the house edge for some games is fixed, whereas others might differ depending upon the factors such as rules and the number of decks used. Following are the casino games with the lowest house edge :

Blackjack: 

Blackjack is the ever classic table casino card game. The reason for its popularity is that it is exciting and very easy to play. Playing with the correct blackjack strategy will have a very low house edge. The game with the lowest edge in the casino is usually blackjack. It has a house edge from 0.25 to 2%.

Craps: 

Craps is generally the second-best casino game. The greater the odds, the lower the house edge. The bets at the craps table are the most simple bets. The pass line bet, don’t pass bet, the come bet, and the don’t come bet all have a house edge lower than 1.4%. 

Baccarat: 

Baccarat is one of the most favorite casino games with big gamblers. This is because the house edge is very small when followed with a perfect strategy. The house edge on banker bets is 1.06%, 1.24% on player bets and 14.36% on tie bets.

Three-Card Poker:

Three- card poker is a fun, and easy variation of poker and has gained a lot of attention in casinos because of its speed. The house edge is around 1.5%.

Video Poker: 

Much has been said that the house edge for video poker is 0% only if the right strategy is implemented. But I am quite doubtful, as casino companies are in the business to make money. Video poker has a house edge between 0.3% and 0.5%.

Slots: 

Slot machines are the undisputed kings of casinos, even though the payouts are not being as high as table games. They are also the easiest to play. The house edge of slots is from 2% to over 10%.

Roulette: 

Things are much easier in roulette. It depends on which version you prefer to play. The number of zeroes on the wheel makes a massive difference to your returns. The single zero also known as European version has a house edge of 2.7%, double zero also known as American version has 5.26%, and in triple zero, the house edge skyrockets to 7.7%. This is the reason why experts recommend playing only European roulette.

Pai Gow Poker

Playing Pai Gow Poker, which is like the Chinese version of poker, is a fun game and the player gets a double chance to win. This game gives bettors a chance to play a casino game with comparatively a low house edge of around 2.84%.

Last but not least, we are not going to leave you without a piece of expert advice. 

Whether it is an online casino or land-based casino both have one goal- to make profits. Finding a casino game which you like and also that has a low house edge is a priority. But that is not all that matters. Since you are playing with many other players, make sure that you are the best version of yourself. This can be accomplished by polishing your skills. You can do so by playing your favourite online casino games for free before visiting a casino and investing real money. Once you are confident enough about the game, then you can head over to play for real cash.

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Tips on how to play online video slots | Beginner guide

 

Beginners guide on how to play online video slots

For over a hundred years, slots machines were the most common and popular source of entertainment. However, they have now evolved into a more modern variant known as video slots. Today, the game is very popular in live casinos, and their virtual counterparts attract legions of players. With the increasing availability of the internet, there are a wide variety of video slot machines to play in virtual casinos today, ranging from the simple “One Armed Bandit” to the latest high-tech video slots.

Although the game can be played with little to no background knowledge or previous experience, it is still vital to understand the basics of how the game works. Doing so will help you in making the most of your gambling experience. But before we begin how to play video slots, first, let's see what it is.   

What is video slots online?

Though classic slots are still prevalent among gamblers, their video versions have started to gain more attention in recent years. One of the main reasons for its increase in popularity is its ease and high entertainment value, which appeals to newbies and experienced players.  

As the name suggests, video slots are an on-screen version of a land-based slot game.  Rather than using a lever and a simple reel mechanism, the game is played on a video screen, with the player pressing a button in order to start the action. When you think of a traditional slot machine, you might picture a three-reel slot machine with a lever on one side to get the reels spin. Fruit symbols, sevens, dollar signs, horseshoes, and bells are probably to appear as symbols here. However, video slots are different. Because of its digital nature, it provides a wide range of dynamic graphics, sounds, animations, and themes that gives an interactive experience. 

Video slots are significantly more extensive than their one-armed bandit counterparts. They are played over five reels instead of three. Furthermore, they are likely to have a large number of paylines. Apart from thematic symbols, there are also going to be special symbols. The wagering range is substantially broader, and the prizes tend to be far more valuable.

Due to technological evolution, you can play the game based on your preferred TV shows, movies, fantastical lands, comic books, famous figures, etc. When playing the game online, there are better possibilities for side games, bonuses, and features to keep you entertained. This is just one of the reasons why gamers are drawn to this kind of play. With the rise in digital casinos, many traditional casino games like online coin machines have moved online.

Furthermore, unlike most reel slots machines, video slots have a higher maximum for bets. They usually have a significantly higher number of paylines, and the more paylines there are, the more coins you could be able to bet. Despite advancements in technology, the gameplay is relatively the same. 

Video slots features

If you want to learn how to win big at slots, you must first comprehend what features the games have to offer and what you are actually playing for. You can play online slot games without knowing the different elements, but this will make the gameplay boring. As we play slots to have some fun, it is crucial to get familiar with its different features. 

Reels:

Slot reels are the vertical positions on the grid where different symbols land in various combinations. By matching the appropriate symbols, you win the game. There are more than three or more reels. The most popular slots, however, are 3-reel and 5-reel slots.

Paylines:  

A payline is a pattern on the reels that the game reads to see if you have hit a winning combination or not. Usually, in most online slot games, the paylines move from left to right. However, in some, they move both ways. Some are straight lines, whereas others are zig-zagged. A win occurs when you get identical symbols on an active payline. There are certain symbols that are more valuable than others. The more you land on the highest value paying symbol, the bigger your win will be.

Scatter symbol: 

In each video slot game, scatters are your best friends. Normally, there are scatters in every slot game. It’s rare not to have these symbols. But if that is the case, they can be replaced with other symbols, such as bonus symbols, which perform in a similar way. The reason these symbols are excellent company is their capability to activate bonus games, like mini-games, free spins, or other bonus rounds.

Wilds: 

You might have often heard the term ‘wild card’ across many different games. This usually means a card that can substitute for any other card that you may want in order to win. With slots, it means the same. Wilds are one of the most common symbol features in the slot game. It is typically used to help you complete a winning combination that would otherwise be incomplete. They can be either simple logos or present as heroes, depending on the theme. Wild symbols offer you to win big in free slots.

Bonus round: 

It is a popular feature in the slot game that grants extra winnings. The bonus you receive could be anything, like picking one of the three chests, a chance to spin the bonus wheel, mini-games, etc. Prizes that you win during the bonus round are always for free.

How to play video slots?

No matter how fancy the graphics are, online casino slots machines all work in the same way. Before you start playing, you must check the paytable, provided by every online slot gaming app. It will show you which symbols are the best and if they have any bonus rounds or unique features. 

All video slots contain a set number of columns called reels, which displays the symbols. Despite the fact that each game has its own variations, every slot machine uses a random number generator (RNG). As the name implies, this technology assures that the symbols displayed on the reels are chosen at random and that the game and the outcome of each spin is fair. 

Once you select the bet size, press the spin button or the lever and see what fate has in store for you. If three identical symbols stop in successive positions on any of the bet lines, you will win. Payouts may vary depending on the number of paylines the slot machine has.

Many slots websites also give you an option of an autoplay feature. This mode allows you to sit back and let your computer do the spinning for you. Once you click on it,  you can set up as many as a number of spins before you start playing. Some online apps or sites also offer to spin the reels for you until you stop it. Once selected, the machine will keep spinning, displaying the outcomes and then moving on to the next spin. Generally, you can begin by pressing the “autoplay” button, which is usually located on the main screen.

Where to play online video slots?

Video slots are games of luck that do not require any strategy or skill to win. This is the most significant edge over other card and table games. They increase your chances of winning and make the gameplay more enjoyable. Now that you know what the features are and how to play slots, why not try the game on Gamentio and apply theory into practice. The site allows you to play video slots casino for fun that too for free and win tons of coins. What’s unique about this site is that it gives you a chance to use your winning coins at the Gamentio auction. You can bid on your favourite product and win the product of your dreams at nominal prices from the comfort of our couch. So, what are you waiting for? Install the app NOW

 

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