Online casinos are very popular on our forum and there are many games available for the gamblers to enjoy. The number of crypto online casinos just keeps on growing for crypto enthusiasts to choose from. However, not all casino games are created equal when it comes to the odds of winning. The house edge, also known as the casino advantage, is the mathematical edge that the casino has over the player in the long run. It reflects the difference between the true odds of winning and the casino’s payouts for winning bets.
The house edge varies depending on the game, the rules, and the strategy of the player. Some games have a fixed house edge, while others have a variable house edge that depends on the player’s choices.
Generally, the lower the house edge, the better the chances of winning for the player. I am going to list the casino games in the list below. They are only average estimates as the actual house edge may vary depending on the specific game, the casino and the player's choices. Therefore, it is advisable to check the rules and the payouts of the game before playing, use the sensible strategy and money management. Please gamble responsibly.
Casino Game | House Edge |
Blackjack | 0.5% (with Optimal strategy, favorable condition) |
Baccarat | 1.01% (Betting on Banker) |
Craps | 0% (Betting on the odds) |
Video poker | 0.46 (Jacks or better with full pay) |
Roulette | 2.7 (single zero) |
-------- | -------- |
Keno | 20-40% |
Slots | 2-15% |
Big Six | 11.11-24.07% |
Sic bo: | 2.78-33.33% |
Tie bet in baccarat | 14.36% |
Separated the table by lowest house edge and highest.
I'd like to add that the house edge isn't the only factor that determines the profitability of the game. Players should also look into the variance, payout ratio, Skill level required being the other main factors. For example, some gamblers might enjoy, a game with higher house edge but the variance being low, meaning consistent set of results (like slots and similar games) while others might prefer low house edge but with high variance, which brings higher risks to the game but also gives high rewards (like Blackjack etc).
Ultimately, the best casino games to have a favorable winning position are the ones that suit the player’s preferences, budget, and goals. The player should always be aware of the house edge and the rules of the game and use a sensible strategy and money management. Online casinos can be a fun and exciting way to gamble, but only
if the player plays smart and responsibly.
Without making the post too long, I'll add basic strategy for one of the casino games that I'm experienced in, being Blackjack.
Basic and general strategy in Blackjack:-Always split aces and eights.
-Never split fives and tens.
-Double hard 11 except against a dealer ace.
-Stand on hard 17 or more.
-Hit soft 17 or less.
Of course, these rules are not enough to cover every situation, and they may not be optimal for some variations of blackjack. Therefore, it is advisable to use a strategy chart or a blackjack calculator that can adjust to the specific rules of the game you are playing. Remember, the optimal strategy does not guarantee that you will win every hand, but it will reduce the house edge and increase your chances of winning in the long run.
Please suggest if there's any other games that should be added and want to know how the odds are calculated for a specific game. I personally may not know but will he happy to look into it, learn and help fellow gamblers.
Good luck, Have fun and Gamble responsibly.