A lot of people wonder how casinos make their money especially bettors that have been getting regular payouts. While some of those who lose on a regular believe the Casino is cheating. The house edge simply refers to the advantage a casino game has over a player. It can be found on every lotto, table game, and slot in both land-based and online casinos and it is commonly referred to as the ‘casino advantage’.
The percentage of this advantage can be higher or lower and the higher the percentage the larger the advantage. The house edge helps players know the average amount of payout paid by a game during its life span. It is not set up by individual casinos and it always works in favour of the casino. Bettors use it as a guide to know which game pays out more.
The Casino is also known as “the House”. The house edge differs from game to game but in every game, the house has an advantage over the players. Whenever a player plays any game in a casino, both the players and the casino are putting up a stake and betting against one another.
If the player wins, the casino payout their stake, and if the player loses the casino takes. But the chances of a player win is way lower than that of the house, it is more of luck than skills. The house does not always win against players but has an advantage that makes them win in the long run – play Crown Gems Slot.
Slot games have a higher house edge than other games which is usually between 5%-10%. The house gets to keep 5% of every dollar bet on a game and return the remaining 95% to players as winnings if the house edge of the game is five percent. Games such as Blackjack, Roulette, and Baccarat have the lowest house edge which is usually 0.5% or 1.5%.
How to beat an online casino game house edge
It is said that the house always wins. The house cannot be brought down but there are a few ways players can be the house edge. Some of these ways include:
Have a knowledge about house edge: Having a good knowledge about what a house edge is, how it works and how it is calculated gives a player a better chance of beating a house edge. It helps a player know which games to play.
Play games with a low house edge: Games with low house edges are mostly table games. Slots have a house edge but you can play the ones with over 96% Return To Player.
Make use of bonus wins: You can use your sign-up bonuses and some allow players earn real money. You can use your wins to play so you don’t lose your actual money.· Make good use of promotions: You can play games only during promotions especially promotions that have large cash giveaways or big prizes involved. You can do this on multiple online casinos.