Casino Games Odds
Most casino players are convinced that luck is the only factor influencing a game’s outcome. However, that’s not exactly true. Don’t worry, we’re not talking about shady tactics or unfair play from the casino. It’s the casino games odds we want to bring to your attention. What you may not know is that any slot or table game has certain odds that can be used to your advantage. This guide takes you on a journey to discover the odds for the most well-known casino games and find out which come with the best winning chances.
What do Odds Actually Mean?
For the readers that just found out about the concept of “odds” outside sports betting, we’re starting with a simple definition. Odds, also referred to as “house edge”, represent the mathematical advantage, expressed as a percentage, that the game has over you in the long run. In other words, the odds represent the assured percentage return that the house wins over time.
To have a more clear idea of how odds work, we’re giving you the example with the differences in winnings that occur when playing 1000 bets on European Roulette compared to American Roulette. The house edge for American Roulette is 5.26% while the European version cuts that down to 2.7%. Let’s assume you always play with a €1 bet. No matter how well you choose the numbers, on the American Roulette table, the casino will make €50,26 while for the European table game the house profit will only be €27. To sum things up, simply because of the higher house edge for American Roulette, you’re losing €23.26 guaranteed.
Casino Games with the Best Odds
Now that we’re clear on how odds work and the way they influence your overall profit when playing casino games, let’s check out some of the games with the most advantageous odds. Playing these games with a well-thought strategy will considerably boost your winning chances.
Blackjack – House Edge 1-2%
In Blackjack, your goal is to get 21 or as close as possible to that value with the sum of the cards in your hand. We won’t go over the other details of the game as we’re sure you know how to play it by now. However, you probably didn’t know that there’s a huge difference in odds between Blackjack games that pay 3:2 and the 6:5 ones. In the first scenario, the odds stand under 1%. For every €2 you bet, the payout is €3. On the other hand, with 6:5 Blackjack, the odds jump to 2% and even higher since for every €5 placed as stake, you get €6.
Blackjack has the best odds when you keep it simple. For example, using side bets may seem like an extra way to win more. However, in reality, these bets only further increase the house’s edge.
Craps – House Edge 1.4-5%
With Craps, you need to predict the outcome when two dice are rolled. You can either bet on the shooter or against him through Pass and Don’t Pass line bets. The first roll of the dice is to establish the point for placing the bets. As an example, a Pass bet that pays 1:1 comes with a house edge of 1.41%. On the other hand, a Don’t Pass bet has a house edge per bet of 1.36% since there are multiple bet results that can validate a Don’t Pass bet.
Furthermore, when talking about bets that are resolved in a single roll, the payout is much higher but the house edge gets a boost as well. For example, for 2, 12, and all the “hard” hop bets, you’re facing a house edge of 5.56% and a win probability of 2.78%. That may seem worth it for a payout of 33:1, however, the low win probability coupled with a huge house edge makes them disadvantageous.
Roulette – House Edge 2.8%
Roulette is one of the simplest casino games you can enjoy. Just place your chips on any of the numbers on the table where you think the ball is going to stop. There’s a strict payout for each type of bet – 35:1 for a single number bet, 17:1 for two adjacent numbers, 11:1 for any three numbers, etc. Also, the house edge doesn’t change depending on the bets you place. The roulette type is the only one that can influence the house edge, as explained earlier. For example, the extra “00” pocket in American Roulette takes the edge to 5.26% from 2.7% as it stands for European Roulette.
Casino Games with the Worst Odds
Since we’re determined to give you the full story about odds and house edge, we’re continuing this article with some casino games examples with a larger house edge. Let’s see how slots, keno, and the popular Wheel of Fortune games stand from this point of view.
Slots – House Edge 3-20%
Slots are the undisputed champions when talking about the most popular casino games out there. However, when it comes to house edge, the games with spinning reels can get tricky. Each software provider is mandated by law to disclose the RTP of every slot, it’s very hard to measure the house edge for each game. Things like slot’s volatility, playtime, and even how big your last win was come into play and influence the overall house edge. The best advice we can give you is to set a clear budget for playing slots and adjust the bet size to that budget.
Wheel of Fortune – House Edge 11%
Despite being a very popular game as well, Wheel of Fortune suffers from the same ailment as slots. It comes with a huge house edge and that makes long-term profits nearly impossible to attain. Sure, there are many variations of the game available out there. However, even the popular ones like Monopoly Live or Pachinko have similar house edge and odds.
Keno – House Edge 20-40%
For those that never tried this game, Keno is a lottery-like game of chance that can be played in online casinos. You have a ticket on which you pick the numbers you think are going to be lucky. Then, the game calls 20 random numbers to determine the winner. The payout differs depending on how many numbers from the one extracted are found on your ticket. However, since we’re talking about Keno games with up to 90 balls in total, the house edge can get as high as 40%.