House edge is a term that comes up often when you read about gambling and play various casino games at slotsuk.co.uk. Understanding what it is and how it works is crucial to knowing what your chances of winning the game are. House edge also tells you a lot about how much profit a casino makes from the game.
What is house edge?
House edge is a percentage that describes the advantage that a casino has over players in a particular casino game. House edge explains how much on average the game will pay out to players over its lifespan, and how much the casino will keep in profit. The higher the house edge, the larger the advantage for the house, and consequently the lower your chances of winning.
House edge in popular casino games
The tip to increasing your chances of winning is to play games with the lowest house edge. Nevertheless, the house edge varies from game to game. Below you can read about house edge in a few games that you can find in all the online casinos.
1. Roulette
Roulette is a casino classic. Everyone has heard of it but not everyone knows that there are two versions of the game. It’s important to know what the difference between them is because each of them offers different house edge. When you play the European Roulette, the casino has the advantage of 2.70%. In the American Roulette, however, the advantage rises to 5.25%. That’s because the American version has an additional 0 on the wheel.
2. Craps
House edge in craps varies depending on the bet. Its range is the widest from all casino games. It can come close to 0%, but it can also be as high as 10%.
3. Blackjack
Blackjack is another iconic casino game that’s loved by players around the world because of its relatively low house edge. The house edge typically varies between 0.35- 0.60%.
The house edge in Blackjack increases by 0.02% when a new deck of cards is introduced. When you play this game in land-based casinos there are eight decks used. When you pick online Blackjack, there are only two decks. Moreover, when you get some experience and use Blackjack strategies you can significantly lower the casino advantage.
3. Slots
Slots are probably the most popular casino game. They are easy to play and players often choose them in hopes of winning huge jackpots. The house edge is different in each slot game. On average it’s between 90 – 97%. Slots with high payout rate are the ones with Return to Player value higher than 96%. You shouldn’t pick games with RTP lower than that if you want to increase your chances of winning.
5. Baccarat
When you play Baccarat there are different kinds of bet you can place. If you bet on the banker, the house edge is 1.06%. When you bet on the player, the house edge is 1.24%. If you choose the tie option, the casino advantage increases to 14.36%.