Everyone knows that the house always has an edge, right? Well, if you didn’t know that, you need to skeedaddle out of here! Basically this is how casinos work: players buy chips with money (they “drop” some cash”). Then they use those chips to make bets on games- the amount of money bet will normally far outstrip their deposit, as they play their money through over and over again (their balance might go up after a win, or it might go down after a loss). Typically, someone on a slots machine might play through their money 20- 30 times, so if they bought £100 worth of chips, they might make £2000-£3000 worth of bets.
Some people win more than they deposited. And this is funded by those people that lose more than they deposited. But while this is going on, the casino collects its house edge on the bet, typically anything between 1-3% of each bet. This is the house edge, and this is how casinos make their money.
OK. No surprises we hope. But before you say “I knew that”, make sure that you also understand that the house edge varies considerably between different games. So before you head to Monaco, or Vegas or Macau, you may want to know which games give you the best chance of winning.
Table Games Are a Player’s Best Friend
In general, table games have much better odds than slots. Many think that because slots are simple, these are the best games to play if you are a novice- to avoid being “eaten up” by a shark.
But they are barking up the wrong tree.
If you wanto to spent some time playing slots- fine, but then move on to the Blackjack table, and watch and learn.
Blackjack
Blackjack has the best odds with a house advantage of just 1% in most casinos. Remember, you are playing the house in blackjack, not a poker shark. All you need is a number that beats the dealer’s cards without going over 21.
Craps
Craps also has pretty good odds if you play the right bets. The game can be a bit scary at first for newbies- again, just observe and you’ll be playing like a seasoned pro in no time.
Roulette
Roulette is also a pretty good game for punters, particularly if you play even paying bets (red,black) on a French wheel that plays “La Partage” rule. You can get the house edge down to 1.3%.
Worst Games
The worst games with the dud odds? We’s stay clear of the massive progressive jackpot machines (they might pay out lottery style jackpots, but that’s because the house edge is lottery style too. Keno’s not too good either.
Just remember that play casino games long enough and you will eventually lose. That’s why they love to keep you playing. The smart money gets out of their seat when they have won a big jackpot. And walks out the door, stopping at the cashier to cash in their winnings.
If You Do Play Slots
Finally, a piece of advice. If you love playing slots (we do- let’s face it- today’s games are superb entertainment- think the Battlestar Galactica Slot and the Girls With Guns Slot for instance, and you are not going to have the chance of winning these massive jackpots at the blackjack table even if you grind your wins out), remember- the more money you bet per spin, the better your odds of winning. If you bet to the max you have much better odds. It’s better to set your budget and go for it, than piddle around.
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