Pages:
Author

Topic: Casino games and the house edge : Players odds to win? (Read 208 times)

newbie
Activity: 0
Merit: 0
Hey @Dewi Aries, I completely agree that it's important not to put all your trust in RTP percentages alone. Gambling should always be approached with caution and self-control. Setting limits for yourself and focusing on responsible gaming practices are key to ensuring that gambling remains a fun and safe activity.
For those looking to explore casino games without risking too much, checking out no deposit bonus offers at nodepositbonuses.com can be a great option. These bonuses allow you to play without having to make a deposit, giving you a chance to try out games and potentially win without putting your own money on the line.
legendary
Activity: 2646
Merit: 1090
Leading Crypto Sports Betting & Casino Platform
I remember enquiring to the customer service of one of the crypto-casinos years ago about the house edge for some of their slot-type game (if I remember correctly) and not only the customer service could not give me an answer - they didn't even know what the house edge was.
I bet you mate they know, oh yes the customer service correctly have an idea of the house edge but only pulled up that professional stunt to  dodge from giving you the answer you seek. It could be that the ratio of their house edge could be so discouraging for any gambler to believe that they can stand a chance if they should have knowledge of it. What I think every gambler should be doing is observing how much you lose on a particular game of a casino despite all manner of strategies used, in that way you can judge for yourself if the odds of winning in terms of the house edge is actually fair or not.
When it comes to slot HE then it isnt something that you would really be asking. Why? it would be understandable that it would be that huge comparing into those typical games like Dice or other similar ones. We do consider out that there are factors that would be affecting those things specially into that different RTP percentage and other similar stuffs on which it would really be that affecting in overall
winning chance. This is why on the time that you do make some gambling then it would be always better that you should really be that mindful or really that making up some realizations that house do always win at the end unless if you do really get engaged with those strategic games then it might really be that needing that different approach.

Basically it is very difficult to be able to get a type of gambling where the house only takes a little profit, especially if you are involved in a type of gambling like the slot you said where the percentage of winning is very much smaller than the risk of losing which usually often happens in a row and we can see that there is enough evidence that most people who cannot keep their involvement safe then usually they will lose unexpected amounts and even lose all valuable assets or go crazy.

Speaking of RTP machines I think it's a foolishness and deception made by casinos to increase the confidence of gamblers who want to play, if you believe in the percentage of RTP machines then I think you should immediately change your belief, the logic is that RTP machines are made by the casinos themselves and obviously I think there are quite a lot of suspicions that we should think about, honestly I have tried several RTP machines at several online casinos which turned out not to be in line with expectations, such as for example RTP shows a high percentage of around 90% and above and when I try several times it turns out the same results still lose. So don't trust easily because winning always depends on how lucky you are at that time, and also on the other hand be careful and firm on self-control and the limits you have made, don't focus too much on winning but focus on preventive measures.
legendary
Activity: 2338
Merit: 1081
#SWGT CERTIK Audited
A bit about Video Poker and some basic strategies.

Ever wanted to combine the thrill of slots with the strategic edge of poker? Look no further than video poker! This game lets you make decisions that can significantly impact your chances of winning.

Pay Tables: Your Pocket Roadmap

Each video poker machine tells its own payout story through the pay table. Before diving in, seek machines offering the highest rewards for common hands like full houses and flushes. I have added the link for popular pay tables.

Max Bet: Aiming for the Royal Flush Jackpot

Most machines offer a bonus royal flush payout when you play max coins. This small investment can significantly boost your long-term winnings, so max bet it is!

Low Pair Power: Don't Underestimate the Jacks and Queens

Think a pair of J's is weak? Think again! Holding low pairs like Jacks or lower beats a single high card any day. These pairs have a higher chance of blossoming into a three of a kind or a full house, boosting your winning odds.

Straight or Flush? Know When to Break Up the Party

Dreaming of a royal flush? Sometimes, breaking up a straight or flush can be your golden ticket. For instance, with Jh-Th-9h-8h-7h, ditching the 9h increases your royal flush chances. But remember, if a royal isn't in the cards, stick with your straight or flush and pray for good fortune!

Unlock the Secrets of Each Game

Jacks or Better, Deuces Wild, Double Bonus... the list of video poker variations goes on. Each game has its own strategy secrets. Fear not! Explore online strategy charts for popular games to learn the optimal hold/discard decisions for every hand. With a little practice and these tips, you'll be conquering video poker tables like a seasoned pro!

Remember: Practice makes perfect, so test these strategies at home or on free online games. And most importantly, have fun! Video poker is all about the thrill of the chase and the satisfaction of outsmarting the machine. So, deal yourself in, master these tips, and let the winning hands roll!
legendary
Activity: 2338
Merit: 1081
#SWGT CERTIK Audited
Since, I've shared basic Blackjack strategy in the OP, I wanted to expand on basic Baccarat strategy.
Generally, the best strategy is to always bet on the banker, as it has the lowest house edge of 1.06%. The player bet has a slightly higher house edge of 1.24%, while the tie bet has a very high house edge of 14.36% and should be avoided.

Baccarat is a fairly simple game and the basic strats/betting is similar to the ones that are used with dice or roulette.

The Martingale System - You double your bet after every loss and return to your initial bet after a win. This system aims to recover all your losses with one win, but it can be very risky and lead to huge losses if you encounter a long losing streak.
The Paroli System - You double your bet after every win and return to your initial bet after a loss. This system aims to take advantage of winning streaks and limit your losses, but it can also backfire if you lose after increasing your bet.
The 1-3-2-6 System - You follow a sequence of 1-3-2-6 units for your bets, where one unit is your initial bet. You increase your bet by the next number in the sequence after every win and return to one unit after a loss. This system tries to balance your wins and losses, but it can also result in losing more than you win if you don’t complete the sequence.

Keep in mind that these strategies are not guaranteed to work as baccarat is a game of chance and just like roulette and dice, the outcome of each hand is independent of the previous ones. If you are really unlucky, the bets can go against you 16-20 times in a row (has happened to me personally when I first started playing on dice).
legendary
Activity: 2408
Merit: 1555
(...)
but for most legit sites, they should display the RTP or the HE of each game. most are not visible for the players to see, usually, you have to press the question markt (?) button or the info button (!) on each side of the game

Thanks. It's been a very long while since I played slots or similar games. If the "info" button is now the standard, that's great to hear. I think every reputable site should have such information displayed.

I have the impression people just don't care about house edge these days anymore (...)

I think the subject of HE was mostly (or only) discussed in the dice-type game threads. Those games would do pretty well in terms of transparency. Even if the HE was not explicitly stated, you could easily calculate it from the odds, that were always disclosed.

It's an absurd! Do you remember which casino was that?

I think I know, but not 100% sure, as that was years ago, so prefer not to say as I could be wrong and give the site an undeserved bad publicity.
legendary
Activity: 2366
Merit: 1403
Leading Crypto Sports Betting & Casino Platform
I am grateful for this. Thank you very much.
I didn't know that Keno had that high house edge. Well, now I know. Cheesy How about Plinko? Or did I miss it?
I remember keno being the same those in physical gambling sites would play all day and night.
There would be drawings every 5 minutes or so. Naturally the winning odds were pretty low. I remember the highest possible win chance on a complication was something like a little above 50% and the RTP overall 60%...
Ofc the house edge can vary based on who provides the game. On online casinos there's a lot of space to make it better, but usually they don't.
legendary
Activity: 2338
Merit: 1081
#SWGT CERTIK Audited

Basic and general strategy in Blackjack:


If you are using to the advance Blackjack strategy that add the card count then there’s some minor correction to this point that you submit.

Quote
-Always split aces and eights.

Don’t split 8’s or anything pair if the dealer card is higher to your pair single value. It’s either you will hit or stand depending on the dealers card.

Quote
-Hit soft 17 or less.

The only time you will only hit soft 17 is when dealer open card is higher than 7 or 4-6 which is perfect setup for a double down.



I like reading thread like this because it’s very informative unlike typical topics here that is just too objective for discussion. You should note that this house edge is only applicable for regular games since there’s already a lot of variation of games like Blackjack, Baccarat and other game that affects the house edge significantly.

Thanks for the suggestions. I had kept it to a very basic strategy since, if I included advance strategy, the post would've been a very long one. Also, is it possible to card count on online casinos? Casino's try their best so that it isn't easy as they use more decks (8 decks?) that it's not very easy to take advantage of.
hero member
Activity: 1582
Merit: 689
Leading Crypto Sports Betting & Casino Platform
You must always be wise in every decision you make when gambling, for example today, if you play game such as slots and have the luck to win, then withdraw the amount of winnings so that they don't run out completely if you want to continue playing.
This would be much better than saving all your winnings in gambling site balance.

It is true what you say that we need to be more competent in making decisions. And we must remember that we should never make a decision when our anger is overflowing because the gambling results we get are not in accordance with what we previously expected. And believe it or not, when we make a decision when our emotions are overwhelming, that decision will only end in regret.

Quote
You are right and indeed in games like blackjack and poker it does not depend on luck alone but also on the gambler skill in using strategy and also intelligence when processing the cards into the largest order.
But not all gamblers understand this and there are still many gamblers who are fixated on one belief, namely luck to win.
This is stuck mindset where they only think about luck and don't want to increase their experience or knowledge.

Play gambling wisely, the aim is not to seek as much profit as possible, but this is done so that we can always minimize the level of loss when gambling. knowledge, skill and expertise greatly influence the final results of the gambling we do, and when we only focus on luck, then it is true what you say that we will never be able to increase the possibility of winning, and forever our gambling will be a detrimental activity. And related to knowledge, skills and abilities, these are all things that we can hone and improve. So so that we can always increase opportunities and create opportunities in the gambling we do, then continue to hone and improve your knowledge, skills and skills.
hero member
Activity: 1176
Merit: 593
When life gets hard BUY Bitcoin!

Basic and general strategy in Blackjack:


If you are using to the advance Blackjack strategy that add the card count then there’s some minor correction to this point that you submit.

Quote
-Always split aces and eights.

Don’t split 8’s or anything pair if the dealer card is higher to your pair single value. It’s either you will hit or stand depending on the dealers card.

Quote
-Hit soft 17 or less.

The only time you will only hit soft 17 is when dealer open card is higher than 7 or 4-6 which is perfect setup for a double down.



I like reading thread like this because it’s very informative unlike typical topics here that is just too objective for discussion. You should note that this house edge is only applicable for regular games since there’s already a lot of variation of games like Blackjack, Baccarat and other game that affects the house edge significantly.
sr. member
Activity: 812
Merit: 257
Eloncoin.org - Mars, here we come!
Your strategy with the odd arrangement for a starting point is worthy of my trying and contemplating in the future, I have tried several gaming websites and I posted on the profile Grin, not yet up to cassino and slots but the capital is already running low because with limited capital from a few cups of coffee and snacks on holidays, on vacation changing methods with games, I sometimes think that websites like this are self-beneficial, members to get lucky have a small chance and even if they win it is rare. But it's not always the case because there are times when the predictions turn out to be accurate maybe because of guessing to produce fun and happiness even if temporarily. yes, I wish you luck too.

But what I like is that there are some websites that I registered, there is a newslater or notification offering a few free spins, I don't see what I get but this sweet impression makes the email from this casino website every event or every day very much awaited;D

It turns out that there are also many and the probability is different, in the future I will try and be curious about what you explain. you measure with good reason.

#I noted
legendary
Activity: 3108
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
I am grateful for this. Thank you very much.
I didn't know that Keno had that high house edge. Well, now I know. Cheesy How about Plinko? Or did I miss it?

I played Keno for a long time and sometimes I do myself at a high winning rate despite that house edge but here is what I analyzed. I am using 8 number picks and at a high risk which means higher returns if I hit 6-8 numbers. x270 for 6, x600 for 7, x900 for 8. Most of the time a long game will just hit 6 numbers but I did experience hitting 7 numbers, although never with an 8.
Looking at my graph and statistics, the ratio is 1 win is equal to 10 losses which means I need 10 losses first before I get one of those hits. This type of game was never for the fainted heart because stress will definitely sink into your brain when nothing is hitting for like 50 rounds. But, when RTP clicks it sometimes gives x270 once or better, twice.
I cannot even count how many bets I made playing Keno but I can tell that it's not about RNG, mostly just RTP, and despite that high edge I can tell that when you play longer, you lose more in the process because once I hit high multi wins, next to it will be a losing streak at any game I pick.
I've tried jumping from one game to another and the same results happen. It's not bad luck, it's the system that is taking back, the house edge. Gamblers should know this so that they won't be expecting too much after a win.
legendary
Activity: 1358
Merit: 2011
I have the impression people just don't care about house edge these days anymore, like they used to care in 2015-2016. I don't see people talking about it on gambling threads and when one or other person mention house edge, the conversation doesn't go ahead or isn't quoted by anyone else. It's like after crypto gambling got more popular and new casinos took the front of the industry, people alienated themselves from the learning and understanding how gambling basically works.

Well, if people really understood what HE is, they wouldn't bet at all. Especially as they usually do, putting false hopes in gambling and betting more than they can afford. If a certain game has a HE why are you going to bet $100 if you know that on average it will return $95? And that's just on the first play. If you bet a second time, the expected average return is $90.25, if you bet a third time it is 85.7, and so on.

Once you understand this you see that the tendency is for your money to become $0 but people don't think that, they are driven by emotions, excitement, thrill.
sr. member
Activity: 980
Merit: 364
Thank you for sharing this information. So far, what I know is that casinos always have an advantage over players, because they design their games to benefit them and give them profits for the sustainability of their business, but I didn't know that the house hedge that the average casino has for one type of game can up to 40 percent. Even though some casinos can be different, depending on the algorithm they use, I don't think it's much different, especially in games that are based on luck.
legendary
Activity: 1904
Merit: 1096
Leading Crypto Sports Betting & Casino Platform
Add Caribbean Stud Poker to your list. Despite its 5.22% house edge, it has a progressive jackpot! This literally increases excitement and rewards. You mentioned variance and payout ratios? Caribbean Stud shows how high volatility benefits thrill-seekers. We gamble for adrenaline, right? Mystery and the chance of a great win are key. Even'simpler' games require strategy. Knowing when to fold and call in Caribbean Stud can greatly impact the house edge

Pai Gow Poker, a strategy game with a 1.5% house edge, follows. The risk-reward balance makes Pai Gow appealing. Knowing the odds and how to set your hands is crucial. Who doesn't like more playtime for your money when the pace is slower? It's about enjoying the game, not just minimizing losses. Gambling is fun because of the difficulty, strategy, and anticipation of each hand
hero member
Activity: 1260
Merit: 503
Leading Crypto Sports Betting & Casino Platform
Thank you for the information OP conveyed, it is quite an interesting and useful post. And I hope I'm really lucky when I gamble.
In casino games, the house edge is the mathematical advantage that the casino has over the player. This means in the long run, the casino has an advantage in most games. For example, in roulette or slot machine games, there are certain advantages that the casino has that make them more likely to win than the player. This advantage ensures that the casino will make a profit in the long run, even though players can randomly win in short gaming sessions.

The chances of winning in a casino game depend largely on the game itself. Some games have better odds for players than others. For example, games like blackjack or poker may give players more control and the opportunity to use strategies that can increase their chances of winning. However, most casino games are designed in such a way that long-term profits tend to lie with the casino, not with the player.
OP has explained all the details well and of course this is very useful for us.
It just that all of this is just information and maybe we can use some of the points presented but it will never affect the results or luck because luck itself always comes unexpectedly.
In gambling the house edge is always superior and no gambler can deliberately use the strategy they have to beat the house edge and only luck can really beat the house edge.
You must always be wise in every decision you make when gambling, for example today, if you play game such as slots and have the luck to win, then withdraw the amount of winnings so that they don't run out completely if you want to continue playing.
This would be much better than saving all your winnings in gambling site balance.

You are right and indeed in games like blackjack and poker it does not depend on luck alone but also on the gambler skill in using strategy and also intelligence when processing the cards into the largest order.
But not all gamblers understand this and there are still many gamblers who are fixated on one belief, namely luck to win.
This is stuck mindset where they only think about luck and don't want to increase their experience or knowledge.
legendary
Activity: 2366
Merit: 1403
Leading Crypto Sports Betting & Casino Platform
Craps is a weird game but I am unsure if it's fair to say that it has a 0% house edge.
I don't speak with gambler's in person very often but every time I saw someone play craps they would place their bets all over without strategy so the edge they got was far higher than 0%. I wonder to this day if anyone playing craps would enjoy playing while keeping the perfect strategy.  Cheesy

Personally I think there's not much innovation in the gambling space these dsys. It has been ages since I saw a new video gambling game. Crypto gambling used to be more experimental and innovative.

I remember some years ago there was a site called peerbet and it offered 0% house edge player vs player bets.
You could create a lottery with however many tickets you wanted, buy as many of the lottery's tickets you needed, and then let others but the rest, and the site would pick a winner based on chances of the tickets and distribute the pot to him. This model was proven to attract attention and worked for the site to have profits via other games it featured. After the platform was bought by investors though I guess they failed to maintain it.

Also bustabit used to have a bonus that if utilized correctly could even bring house edge to negatives, but was removed due to bot abuse. Perhaps now with AI checking though it could be brought back with preventing abuse also? Thankfully the new mkneypot has low house edge at least.

I wish we could see some innovdtin again.
hero member
Activity: 2548
Merit: 533
I remember enquiring to the customer service of one of the crypto-casinos years ago about the house edge for some of their slot-type game (if I remember correctly) and not only the customer service could not give me an answer - they didn't even know what the house edge was.
I bet you mate they know, oh yes the customer service correctly have an idea of the house edge but only pulled up that professional stunt to  dodge from giving you the answer you seek. It could be that the ratio of their house edge could be so discouraging for any gambler to believe that they can stand a chance if they should have knowledge of it. What I think every gambler should be doing is observing how much you lose on a particular game of a casino despite all manner of strategies used, in that way you can judge for yourself if the odds of winning in terms of the house edge is actually fair or not.
When it comes to slot HE then it isnt something that you would really be asking. Why? it would be understandable that it would be that huge comparing into those typical games like Dice or other similar ones. We do consider out that there are factors that would be affecting those things specially into that different RTP percentage and other similar stuffs on which it would really be that affecting in overall
winning chance. This is why on the time that you do make some gambling then it would be always better that you should really be that mindful or really that making up some realizations that house do always win at the end unless if you do really get engaged with those strategic games then it might really be that needing that different approach.
legendary
Activity: 2338
Merit: 1081
#SWGT CERTIK Audited
Thanks for starting this topic. Even though those odds can vary between casinos, it's good to at least have some idea of what to expect from each type of game.
Personally, I think there should be a legal requirement (or just a good custom) to display odds for any type of game, especially online ones. It's crazy to think how many players don't even care about the odds and would only focus on the entertainment side (flashy animations etc).

Cheers mate! Happy to help, I see a lot of casinos popping up and a lot of young crowd who are into crypto really tempted to gamble and see if they can make a quick buck out of it. Just wanted a word out about the odds people have to actually do just that.
I remember enquiring to the customer service of one of the crypto-casinos years ago about the house edge for some of their slot-type game (if I remember correctly) and not only the customer service could not give me an answer - they didn't even know what the house edge was.
It is entirely possible that the support was 3rd party, and they are just there for mainly responding to deposit queries and withdrawal issues. They probably have no clue what games are even provided by the said casino. They just have a basic understanding of which text to forward, if the customer askes certain questions.
hero member
Activity: 1582
Merit: 689
Leading Crypto Sports Betting & Casino Platform
Thank you for the information OP conveyed, it is quite an interesting and useful post. And I hope I'm really lucky when I gamble.
In casino games, the house edge is the mathematical advantage that the casino has over the player. This means in the long run, the casino has an advantage in most games. For example, in roulette or slot machine games, there are certain advantages that the casino has that make them more likely to win than the player. This advantage ensures that the casino will make a profit in the long run, even though players can randomly win in short gaming sessions.

The chances of winning in a casino game depend largely on the game itself. Some games have better odds for players than others. For example, games like blackjack or poker may give players more control and the opportunity to use strategies that can increase their chances of winning. However, most casino games are designed in such a way that long-term profits tend to lie with the casino, not with the player.
hero member
Activity: 2016
Merit: 777
Leading Crypto Sports Betting & Casino Platform
It's crazy to think how many players don't even care about the odds and would only focus on the entertainment side (flashy animations etc).
I have the impression people just don't care about house edge these days anymore, like they used to care in 2015-2016. I don't see people talking about it on gambling threads and when one or other person mention house edge, the conversation doesn't go ahead or isn't quoted by anyone else. It's like after crypto gambling got more popular and new casinos took the front of the industry, people alienated themselves from the learning and understanding how gambling basically works. But back then I remember accessing different dice websites (they were really simple) and seeing explicit on their front pages how much their house edge was. Total transparency.

I remember enquiring to the customer service of one of the crypto-casinos years ago about the house edge for some of their slot-type game (if I remember correctly) and not only the customer service could not give me an answer - they didn't even know what the house edge was.
It's an absurd! Do you remember which casino was that?

I think I would open another ticket on customer service just to report their support doesn't know what house edge is. Grin
Pages:
Jump to: