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Founded Date December 1, 1958
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How Casino Odds and the House Edge Work
Every casino game, from the flashing lights of the slot machines to the felt of the blackjack table, is built on a mathematical foundation. This foundation is the house edge (or house advantage), a term that every player should understand.
The Casino’s Built-in Profit
It represents the percentage of a player’s original wager that the casino expects to win over time. This is typically shown as a percentage figure. For example, if a game has a house edge of 2%, it means that for every $100 wagered on that game, casino the casino expects to make a profit of $2 in the long run.
This doesn’t mean you will lose exactly 2% on every visit; it’s a statistical probability over thousands of plays. Players can certainly walk away with big wins in a single session; this is what makes gambling exciting. But over the long haul, the math ensures the casino remains profitable.
Comparing the Advantage in Different Games
The house edge varies significantly from one game to another. Opting for low-edge games is a key strategy for casino any savvy player.
| Casino Game | Typical House Edge | Notes |
|---|---|---|
| Twenty-One | Around 0.5% | Requires optimal play (basic strategy) to achieve the lowest edge. |
| Baccarat (Banker Bet) | ~1.06% | The Tie bet has a very high edge (~14%) and should be avoided. |
| Craps | Less than 1.5% | The basic Pass Line and Don’t Pass Line bets have a low edge. |
| Single-Zero Roulette | 2.7% | The single zero on the wheel gives it a much lower edge than the American version. |
| American-Style Roulette | 5.26% | The addition of a double zero (“00”) nearly doubles the house edge. |
| Slots | Highly variable | The specific Return to Player (RTP) determines the house edge (Edge = 100% – RTP). |
This knowledge allows you to manage your bankroll more effectively. It guides you to better games, sets realistic expectations, and casino enhances your enjoyment by extending your playtime.