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Casino Odds Guide: How To Crush The House Edge

With the come up of a myriad of casinos, especially online casinos, it is important to know how to win and in that case, what your odds are. It is after all why you’re playing. This is where knowledge of the house edge of a particular game comes in handy. The house edge is a term that is especially used in gambling games and is the mathematical advantage that a particular game, and thus the gambling venue has over the player, over time. This assures a certain return percentage to the gambling venue over time and for you, the player, a percentage loss of your bet. The odds of casino games vary with different games. For example, casino odds on blackjack vary from casino odds on craps.

A Game By Game Guide To Casino Odds

Before you decide to go gambling, knowing the odds or edges that a few of the games out there have can be of an added advantage. Each and every single casino game is unique when it comes to winning chances and the house edge. It is important that you learn how you can minimize the edge and give yourself the biggest advantage possible. Later, we will be learning about different games that are played widely in Canada and the odds each game has.

Online Blackjack

When it comes to the subject of odds and probability in online blackjack, some people get flustered. In the real sense, the possibilities, or outcomes rather are limited to certain number of known events. First off, when playing with a single deck of cards, the odds of an ace appearing are 4/52. This isn’t always the case, however. According to studies, different cards have different odds of appearing. This means that both players and dealers have to gain this knowledge in order to acquire an advantage over the other.

Online Roulette

Roulette is all about odds, as is all other gambling games. When it comes to the most basic level when talking about online roulette, the house edge should be the first topic of discussion. The house edge varies according to the type of roulette and casino at which you are playing. When looking at roulette payouts and odds. Several factors should be calculated, and/or kept in mind. These are the odds of winning, losing and occurrence of unusual events.

Online Baccarat

Also known as punto banco, Baccarat is one of the oldest and most popular casino games. The odds in Baccarat can be said to be split into three. These are, the player wins, the banker wins and a tie. A lot of factors come into play when talking about the same topic. The first being the number of decks used while playing the game. Each game has, depending on the number of decks, 1, 6 or 8

Online Casino Wars

Without a doubt, casino war is the easiest card game to play in an online casino, or a casino generally. The game is usually played with 6 decks and when it comes to odds, a tie carries the day. If this occurs, the player has to make one of two choices, surrender half of the bet or go to war with the dealer and here, the odds can be said to be split between the player and the dealer.

Online Slots

Online slots are the most popular online casino destination. This is because they are the easiest to play and understand. Here, the odds are fixed and there isn’t a particular or specific “winning strategy”. The odds are reduced depending on the number of reels a certain machine has. For example, a machine that has 3 reels gives you a better chance of winning than a 5 or 6 reel slot gives you.

What Does ‘House Edge’ Mean?

The house edge is a term that is mostly used in the gambling world to describe the mathematical advantage that the game and eventually the gambling venue has over the player. The house edge makes sure that the odds are stacked against you. This means that in most cases, you will lose before you win. This advantage also assures a certain percentage return to the gambling venue. Casino odds per game may vary, where some games give you a high chance of winning than others.

Part 1: Odds of Losing – House Odds

It is important that players realise that the odds are stacked against them in casinos. This is because casinos are businesses and the have to make a profit and at the same time cover for operation costs including the costs of providing the games you play, staff salaries and so on and so forth. The house odds are way higher and this means that you, as a player, will have to lose, so as to satisfy the house odds in order to win.

Part 2: Odds Of Winning

The odds of winning in a casino are low, but not impossible. This is what makes gambling, or betting in general, all the more exciting. The fact that you may be lucky enough to have the odds in your favor. In most cases, the wins are usually hefty, and players could be lucky enough to walk away with millions of dollars!

Part 3: Total

Overall, the odds tip heavily on the casinos or gambling venue’s side. This is because of the algorithms used in most casino games. Poker machines, for example, have a mechanism called Random Number Generator that is programmed to pick symbol and number combinations randomly. The random number generator is designed in such a way that it puts out more losses than wins. Although player odds are low, the winnings cater for the minimal odds.

Beginner’s Tips

If you are a beginner and you are trying your luck in gambling, it is wise to do a little digging of your own before you actually start. Which games offer the best odds? Which casinos have a house edge that may be in my favour? Which is better, an online or land-based casino? How do I start? These are a few questions you should get answers to so as to make the most out of your gambling experience.

Are Online Casino Odds Better Than Land-Based Ones?

When it comes to the question of which has better odds between online and land-based casinos, online casinos take the day. Land-based casinos have their theoretical Return to Player percentage at a stone called minimum. An example is the regulated RTP in Vegas of 75%, you will find that most slots have this percentage. When it comes to online casinos, the RTP is rather high and most games have their RTP falling at a whopping 97%.

How to Get Started

As mentioned earlier, as a beginner in the gambling world, you should be able to answer a few questions before you actually start. The first step, especially if you would like to start with online casinos, is to get information on the many online casinos out there and Casinoguides.ca offers this information and much more. Next is to look at the different games the gambling world has to offer and the odds these games have. Generally, take slow, steps and in no time, you will be a gambling guru and other beginners will be coming to you for help!

Glossary

About Casinoguides.ca

Casinoguides.ca is an online review platform that runs its main operations in Canada. The site provides online casino players with information on various casinos including information on the promotions and bonus features the casinos have to offer. It also gives informative reviews on games giving players a rough idea of the games in general and the jackpots and bonus features that come along with the games. This information comes along with the odds that come along with the different casinos and games offer to give players a guiding light on which ones have the potential of making their online experience worthwhile.