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Casino Odds and House Edge
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In most casino games the house has a built in profit on every bet. This is known as the House Edge or Casino Advantage. If you play European roulette with numbers from 0-36, and bet on 1 number, your odds against winning is 36:1. But when you win you are paid 35:1. The difference is the house edge 2.7%. And it means that in the long run you will loose 2.7% of your turnover if you are playing European Roulette.
The house edge differs a lot from game to game but the easier a game is to understand the greater the house edge tends to be.
I have listed some popular casino games from the highest to the lowest house edge. For games partially of skill perfect play is assumed.
It is important to know the odds when playing casino games. But I am not saying that you newer should play the games with the high house edge. You should play them if you enjoy it. But you can’t play games with high house edge to make money in the long run. If your object is to win money in the long run you have to play with negative house edge, Card counting at Blackjack or the best Video Poker Games. You can also play games with a small casino advantage if you combine it with a good welcome bonus, player points or some other player advantage. But the best strategy is probably to play the game you like and have fun. But don’t expect to win a lot of money over time playing games like Roulette or Caribbean Stud Poker.
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