How do you calculate house edge...? | Bitcointalksearch.org

iv4n

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Quote from: nullama on January 22, 2023, 04:26:46 PM

Quote from: iv4n on January 22, 2023, 06:12:29 AM

...

Yeah, at the end of the day it's the odds (luck) that determine how often you're going to win.

Casino games are made so that you feel like you're winning even though in real money terms you're not. For example you see an amazing display, lights, shows, etc, but you just made a tiny amount of money. So you feel like you're doing way better than reality, and continue playing.

As long as you don't bet more than what you're comfortable paying, it should be fine, and seem almost like paid entertainment.

If you spend more than what you thought you were comfortable paying, then you will most probably end in ruin.

Some time ago I ran into this term LDW for the first time, loss disguised as a win.

Quote

Slot machines are a particularly dangerous form of gambling because they are programmed with the most addictive form of VRRS schedule. Additionally, they are programmed to operate on a principle known as loss disguised as a win(LDW). This effect happens when a player is given a “win” of credits with a spin, but fewer credits than the original wager. The psychological effect is that these frequent wins keep the player engaged, despite a net loss.

Both the single-line slots (the traditional slots) and the more modern multi-line slots are programmed to give LDW “wins” in a specific payback percentage, but it is always less than 100% and certainly not above 100%, meaning that the house always wins. There are no “hot” slot machines, only “cold” ones.

From my experience, I can relate to this... When things go down they go down, there are wins here and there, but the balance is just getting lower. It's like that with all lucky-based games with any RTP & house edge. I have wins and losses on both, and I can't say that in "reality" RTP & house edge means a lot. But that's me and just my experience after millions of bets in all sorts of lucky-based games.

Mr. Magkaisa

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- Hello mate, I'm not sure if the house edge is calculated the same in crypto gambling because I'm sure that there is a percentage that reduces the house edge for every gambler who bets on their website platform.

There are several links here that show and explain how to perform their computation depending on the games the gambler chooses.

Calculation of the House Edge

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Quote from: danherbias07 on January 15, 2023, 06:51:04 PM

Quote from: libert19 on January 13, 2023, 02:15:03 AM

...if it isn't stated by casino beforehand, and sometimes it's stated only for dice and not for other games (examples being card games, roulette, slots), in such cases how is it to be calculated?

Stake.com has a fairness calculator.

But I don't usually check that because I cannot even understand the numbers in it. I am one of those guys that don't care about these critical details and just go directly to gambling.
I don't know how to calculate the house edge although, in provability checking, I do it manually by doing 10 rounds per seed. But it doesn't end up with my expectation most of the time because sometimes I win in a good streak or vice versa.
Maybe contacting support will be the easiest way to get an explanation.

Verifying seed will take a lot of time and effort, so it is hardest way to figure out the house edge of Stake originals I believe. Asking from support will lead to a similar answer: House edge is calculated in billions of bets which is done by special software. You can rent the hash power of high-end graphics cards online to test single seed for approximate house edge ratio. I am 99% sure house edge will be close to 98.9999% in most seeds. False advertisements mostly be done by casinos but they don't mention users have to bet over a billion bets to get a perfect house edge %.

nullama

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Quote from: iv4n on January 22, 2023, 06:12:29 AM

~snip~
I think the same, and I gamble for decades already. When it comes to lucky-based games like slots, in-house, and live games it's all about luck! From my experience even with the lowest possible house edge there are long losing streaks on each of these games. Of course, high-volatility games can be even worse, +100 dead spins are something pretty normal.
So from my experience is exactly as you say, the numbers don't mean much if we are simply unlucky!

Yeah, at the end of the day it's the odds (luck) that determine how often you're going to win.

Casino games are made so that you feel like you're winning even though in real money terms you're not. For example you see an amazing display, lights, shows, etc, but you just made a tiny amount of money. So you feel like you're doing way better than reality, and continue playing.

As long as you don't bet more than what you're comfortable paying, it should be fine, and seem almost like paid entertainment.

If you spend more than what you thought you were comfortable paying, then you will most probably end in ruin.

iv4n

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Quote from: Yatsan on January 17, 2023, 09:51:07 AM

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I am one with the gamblers who are not checking the house edge simply because I don't bet that much. Either I win or lose; depends on my luck and analysis. I believe those people who care for such thing are the ones who gives more importance of what they are doing which is gambling in this case. They won't be wrong from doing so but no matter high high or low a house edge is, if you won't be lucky enough to win the game, then that would be fate right there. Let us say you are now aware of the edge against players; then what now? Choose other platform which has lower against its players? What if you're just unlucky? Then you'll lose still. Problem is gambler's mindset thinking that if edge is on the players, they'd generate more profit. But unfortunately, gambling does not simply work that way.

I think the same, and I gamble for decades already. When it comes to lucky-based games like slots, in-house, and live games it's all about luck! From my experience even with the lowest possible house edge there are long losing streaks on each of these games. Of course, high-volatility games can be even worse, +100 dead spins are something pretty normal.
So from my experience is exactly as you say, the numbers don't mean much if we are simply unlucky!

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Quote from: Yatsan on January 17, 2023, 09:51:07 AM

Quote from: danherbias07 on January 15, 2023, 06:51:04 PM

Quote from: libert19 on January 13, 2023, 02:15:03 AM

...if it isn't stated by casino beforehand, and sometimes it's stated only for dice and not for other games (examples being card games, roulette, slots), in such cases how is it to be calculated?

Stake.com has a fairness calculator.

But I don't usually check that because I cannot even understand the numbers in it. I am one of those guys that don't care about these critical details and just go directly to gambling.
I don't know how to calculate the house edge although, in provability checking, I do it manually by doing 10 rounds per seed. But it doesn't end up with my expectation most of the time because sometimes I win in a good streak or vice versa.
Maybe contacting support will be the easiest way to get an explanation.

I am one with the gamblers who are not checking the house edge simply because I don't bet that much. Either I win or lose; depends on my luck and analysis. I believe those people who care for such thing are the ones who gives more importance of what they are doing which is gambling in this case. They won't be wrong from doing so but no matter high high or low a house edge is, if you won't be lucky enough to win the game, then that would be fate right there. Let us say you are now aware of the edge against players; then what now? Choose other platform which has lower against its players? What if you're just unlucky? Then you'll lose still. Problem is gambler's mindset thinking that if edge is on the players, they'd generate more profit. But unfortunately, gambling does not simply work that way.

The house edge isn't the only factor, and I agree that luck plays a big part in gaming. However, calculating your prospective financial loss is made easier when you know the house edge. Do not mistake gaming for a method of financial support; I admire those who are successful at doing so, but I urge caution. There is only one of each, though. Overspending and the consequent financial strain can be mitigated to some extent by creating and keeping to a budget. To limit your losses, it's also crucial to know when to stop while you're ahead. You should know the dangers and play within your limits

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Quote from: nullama on January 21, 2023, 06:28:12 PM

It's basically one of the most important things to know when you play a game.

Really? Why?

Don't get me wrong, I know what HE is, and I recommend everyone who gambles to learn about gambling mathematics, but in casino games HE is always greater than 0, so in the very long term the tendency is to lose all your money, although in the short term you may have positive results, winning sessions. But come on, knowing if in a certain site the HE is 1% and in another one it is 2% is not so important for me.

Quote from: nullama on January 21, 2023, 06:28:12 PM

At least if you want to minimize the probability of losing all your money, or at least have a better chance to win something.

Most gamblers will probably just go to the one with the best lights or music, or whatever, independent of the maths behind them.

Maybe people prefer to bet on the 2% HE site because it has better software, more variety and better customer service. Then you also have to take into account that with promotions and cashback, maybe the 2% site gives you more and for your level of betting the HE is 0.5% and the one that gives you 1% with promotions and cashback is 0.8%.

nullama

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Quote from: decodx on January 21, 2023, 02:51:29 PM

In my opinion, it's important to understand the house edge for each game you play. Different casinos and different rules of the games can affect the house edge, and it may vary for different games and different variations of the same game.

I was once unpleasantly surprised when I realized that a game I had thought to be a simple variation of blackjack was actually much more complex than that. It turned out that the house edge of the variation was higher than regular blackjack, and I lost quite badly by not knowing how the game played before sitting down to play it! That's why it's important to read up on the rules of any game you play so that you can understand the odds and make an informed decision about whether or not it's worth your time.

It's basically one of the most important things to know when you play a game.

At least if you want to minimize the probability of losing all your money, or at least have a better chance to win something.

Most gamblers will probably just go to the one with the best lights or music, or whatever, independent of the maths behind them.

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Quote from: libert19 on January 13, 2023, 02:15:03 AM

...if it isn't stated by casino beforehand, and sometimes it's stated only for dice and not for other games (examples being card games, roulette, slots), in such cases how is it to be calculated?

Been going through the comments on the first page to learn about this too, but have not seen a definite answer or response, or maybe there is one I missed, someone can please point me to it..

This is something I've never really paid attention to or cared to know, even though I've been gambling for a while, I have learnt that the house edge is what determines the chances of a gambler winning in the game he or she is playing, the lower the house edge, the higher the possiblity of the gambler winning, but the higher the house edge, the lower the possibility of the player winning, I think this is something really important for every gambler to know, and it also seems like some casinos deliberately hide this information from non asking gamblers.

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Quote from: libert19 on January 13, 2023, 02:15:03 AM

...if it isn't stated by casino beforehand, and sometimes it's stated only for dice and not for other games (examples being card games, roulette, slots), in such cases how is it to be calculated?

The house edge is basically the Expected Value for the casino of a game expressed in percentage of the player bet. https://math.info/Misc/House_Edge/
So if the EV of a game for the player is -0.25$ for a $1 bet. The house edge of the game is 25%.

Usually if a provider gives the house edge of one game it also gives the house edge of its other games. So which provider is doing that precisely? Because it's a little bit surprising. Anyway on some casino, like Sportsbet, Bitcasino, Livecasino or Stake you can always find a house edge or RTP below the screen of the game. The house edge equals 100%-RTP.
It's better to check the rules inside the game to find it, but if it's not written you can use the datas given by the casino. Sportsbet, Bitcasino, Livecasino are offering a live RTP feature that allows the players to see what house edge is currently gotten by adding up the bets won and lost by other players.

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In my opinion, it's important to understand the house edge for each game you play. Different casinos and different rules of the games can affect the house edge, and it may vary for different games and different variations of the same game.

I was once unpleasantly surprised when I realized that a game I had thought to be a simple variation of blackjack was actually much more complex than that. It turned out that the house edge of the variation was higher than regular blackjack, and I lost quite badly by not knowing how the game played before sitting down to play it! That's why it's important to read up on the rules of any game you play so that you can understand the odds and make an informed decision about whether or not it's worth your time.

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Quote from: Yatsan on January 17, 2023, 09:51:07 AM

What if you're just unlucky? Then you'll lose still. Problem is gambler's mindset thinking that if edge is on the players, they'd generate more profit. But unfortunately, gambling does not simply work that way.

Of course, if you are unlucky you can lose on any casino, but that has nothing to do with House Edge. The more you play, the more important this percentage becomes. Small differences of e.g. 51% and 51.5% are enough to get out as a loser or not, e.g. with 1000 bets.

To your second sentence: The edge is never on the side of the player, otherwise the house would be broke in no time. Even a house with 50% chance to win would have no chance to survive.

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Quote from: danherbias07 on January 15, 2023, 06:51:04 PM

Quote from: libert19 on January 13, 2023, 02:15:03 AM

...if it isn't stated by casino beforehand, and sometimes it's stated only for dice and not for other games (examples being card games, roulette, slots), in such cases how is it to be calculated?

Stake.com has a fairness calculator.

But I don't usually check that because I cannot even understand the numbers in it. I am one of those guys that don't care about these critical details and just go directly to gambling.
I don't know how to calculate the house edge although, in provability checking, I do it manually by doing 10 rounds per seed. But it doesn't end up with my expectation most of the time because sometimes I win in a good streak or vice versa.
Maybe contacting support will be the easiest way to get an explanation.

I am one with the gamblers who are not checking the house edge simply because I don't bet that much. Either I win or lose; depends on my luck and analysis. I believe those people who care for such thing are the ones who gives more importance of what they are doing which is gambling in this case. They won't be wrong from doing so but no matter high high or low a house edge is, if you won't be lucky enough to win the game, then that would be fate right there. Let us say you are now aware of the edge against players; then what now? Choose other platform which has lower against its players? What if you're just unlucky? Then you'll lose still. Problem is gambler's mindset thinking that if edge is on the players, they'd generate more profit. But unfortunately, gambling does not simply work that way.

danherbias07

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Quote from: libert19 on January 13, 2023, 02:15:03 AM

...if it isn't stated by casino beforehand, and sometimes it's stated only for dice and not for other games (examples being card games, roulette, slots), in such cases how is it to be calculated?

Stake.com has a fairness calculator.

But I don't usually check that because I cannot even understand the numbers in it. I am one of those guys that don't care about these critical details and just go directly to gambling.
I don't know how to calculate the house edge although, in provability checking, I do it manually by doing 10 rounds per seed. But it doesn't end up with my expectation most of the time because sometimes I win in a good streak or vice versa.
Maybe contacting support will be the easiest way to get an explanation.

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Quote from: chaser15 on January 15, 2023, 05:55:58 PM

Quote from: libert19 on January 13, 2023, 02:15:03 AM

...if it isn't stated by casino beforehand, and sometimes it's stated only for dice and not for other games (examples being card games, roulette, slots), in such cases how is it to be calculated?

May I ask for what purpose? It's just for verifying the fairness of the game?

My answer will be considered as another part of the discussion and not related technically to how house edge for slots or RTPs for slots, and roulettes, was being computed, but trust these game providers under reputable gambling sites that everything is really fair at both ends.

Not necessary to know things like that as long as you are playing on a well-established and reputable gambling site. Sometimes, a truly high expectation of winning big rises, especially for those confused about the real meaning and possible output of "over 95% RTP on slots", as an example.

Some players misinterpret RTP as the chance of winning which is why some of them are whining about not hitting for several bets. Like ending up in 15 Deadspin while the RTP stated that it is a 96% lol. Winning chance is different from a return to player and even different from hitting chance.

I do agree that it all ends up in trusting the gambling platform on their announced house edge, after all, it is quite too tasky to verify if the housed edge implemented by the casino is the same on what is stated on their website.

Quote from: nullama on January 15, 2023, 06:00:50 PM

It's a good idea to play mostly on games where the odds for the house are the smallest possible.

True many says that this will give the player a good return in the long run.

nullama

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Quote from: chaser15 on January 15, 2023, 05:55:58 PM

~snip~
May I ask for what purpose? It's just for verifying the fairness of the game?

My answer will be considered as another part of the discussion and not related technically to how house edge for slots or RTPs for slots, and roulettes, was being computed, but trust these game providers under reputable gambling sites that everything is really fair at both ends.

Not necessary to know things like that as long as you are playing on a well-established and reputable gambling site. Sometimes, a truly high expectation of winning big rises, especially for those confused about the real meaning and possible output of "over 95% RTP on slots", as an example.

I think it's reasonable to know the odds of the games you're playing.

That should really be one of the most important pieces of information for you to make a bet, but I think it's not that public.

It's a good idea to play mostly on games where the odds for the house are the smallest possible.

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Quote from: libert19 on January 13, 2023, 02:15:03 AM

...if it isn't stated by casino beforehand, and sometimes it's stated only for dice and not for other games (examples being card games, roulette, slots), in such cases how is it to be calculated?

May I ask for what purpose? It's just for verifying the fairness of the game?

My answer will be considered as another part of the discussion and not related technically to how house edge for slots or RTPs for slots, and roulettes, was being computed, but trust these game providers under reputable gambling sites that everything is really fair at both ends.

Not necessary to know things like that as long as you are playing on a well-established and reputable gambling site. Sometimes, a truly high expectation of winning big rises, especially for those confused about the real meaning and possible output of "over 95% RTP on slots", as an example.

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Quote from: AmoreJaz on January 14, 2023, 05:12:55 PM

Quote from: ?? on ??

Quote from: uneng on January 14, 2023, 04:44:35 PM

The casino has to provide what is the value of the house edge for their table games, like dice, roulette, plinko, mines, crash... I would contact support if I couldn't find this information anywhere.

Slots, on the other hand, are provided by third party companies, so you have to search for the RTP (return to player) percentage of each of them. So you deduct the RTP value from 100 and reach the house edge result. Example: RTP is 98,5%, so 100 - 98,5 = 1,5% house edge.

For pragmatic slots, house edge mentioned inside slot settings, users are able to check exactly set house edge with 2 clicks left below settings option. For other slot providers, checking slotcatalog.com is best idea, each slot has been listed on website has full details included max win, house edge, lines etc.

if you can't find it, worry about the casino you are playing with. i also don't think there are players who are actually calculating the house edge if it is not given on their page. it should be readily available to its players. if you will create a poll on this forum about players who are actually calculating HE, i don't think you will get a number.

True, I am one of those that are not calculating the house edge. Too many numbers to consider and the house edge is already declared by the casino on their FAQ and I believe is verified by the one who is giving out licenses, and besides, the result of luck based games is still random.

Quote from: ?? on ??

Quote from: uneng on January 14, 2023, 04:44:35 PM

The casino has to provide what is the value of the house edge for their table games, like dice, roulette, plinko, mines, crash... I would contact support if I couldn't find this information anywhere.

Slots, on the other hand, are provided by third party companies, so you have to search for the RTP (return to player) percentage of each of them. So you deduct the RTP value from 100 and reach the house edge result. Example: RTP is 98,5%, so 100 - 98,5 = 1,5% house edge.

For pragmatic slots, house edge mentioned inside slot settings, users are able to check exactly set house edge with 2 clicks left below settings option. For other slot providers, checking slotcatalog.com is best idea, each slot has been listed on website has full details included max win, house edge, lines etc.

I think Play N' Go enable different RTP depending on the casino's preference. Is that correct?

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Quote from: ?? on ??

Quote from: uneng on January 14, 2023, 04:44:35 PM

The casino has to provide what is the value of the house edge for their table games, like dice, roulette, plinko, mines, crash... I would contact support if I couldn't find this information anywhere.

Slots, on the other hand, are provided by third party companies, so you have to search for the RTP (return to player) percentage of each of them. So you deduct the RTP value from 100 and reach the house edge result. Example: RTP is 98,5%, so 100 - 98,5 = 1,5% house edge.

For pragmatic slots, house edge mentioned inside slot settings, users are able to check exactly set house edge with 2 clicks left below settings option. For other slot providers, checking slotcatalog.com is best idea, each slot has been listed on website has full details included max win, house edge, lines etc.

if you can't find it, worry about the casino you are playing with. i also don't think there are players who are actually calculating the house edge if it is not given on their page. it should be readily available to its players. if you will create a poll on this forum about players who are actually calculating HE, i don't think you will get a number.

uneng

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The casino has to provide what is the value of the house edge for their table games, like dice, roulette, plinko, mines, crash... I would contact support if I couldn't find this information anywhere.

Slots, on the other hand, are provided by third party companies, so you have to search for the RTP (return to player) percentage of each of them. So you deduct the RTP value from 100 and reach the house edge result. Example: RTP is 98,5%, so 100 - 98,5 = 1,5% house edge.

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Quote from: Hydrogen on January 13, 2023, 06:32:57 PM

There are different methods, with varying accuracy.

True there are lots of ways how to present house edge calculation some of it are:
House Edge = 100% - Payout Percentage
House Edge = (1 - (payout ratio / average bet)) x 100%
House Edge = (odds against winning - 1) / odds against winning
House Edge = (Probability of Losing x Loss per Loss) / (Probability of Winning x Payout per Win)
House Edge = (Probability of Losing x Loss per Loss) / (Probability of Winning x (Payout per Win - 1))

Quote from: Hydrogen on January 13, 2023, 06:32:57 PM

A more accurate way to calculate house advantage might be to determine bet win versus bet loss percentages. To a certain extent, the biggest advantage the house has is insider industry information and the power to set odds which can sometimes be misleading and inaccurate. There are sporting events where 2:1 underdogs should be betting favorites. The odds often do not reflect accurate statistics. Its a point bookmakers rely on, to fool gamblers who fail to realize odds often do not reflect mathematical probability.

In addition it is also stated that each game has its own house edge formula for calculating house edge like for example:

Slot machines: House Edge = (100 - payout percentage) / 100

Blackjack: House Edge = (total number of decks x (0.5% - 0.8%)) / (number of decks remaining in the shoe)

Roulette: House Edge = (number of zero pockets on the wheel / total number of pockets on the wheel) x 100%

Baccarat: House Edge = (number of decks x (14.36% - 1.17%)) / (number of decks remaining in the shoe)

Craps: House Edge = (total number of bet possibilities x (1 - (payout ratio / average bet))) x 100%

Video Poker: House Edge = (100 - payout percentage) / 100

We can see more example in this link: https://easy.vegas/gambling/house-edge-calculation

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Quote from: TimeTeller on January 13, 2023, 04:58:14 PM

Quote from: Johnyz on January 13, 2023, 04:27:00 PM

There are some site that offers a free simulator to check the house edge, and also asking the support can make things a lot more simple since the site should disclose it for them to be trusted by the gamblers. I’m not sure though if all the gamblers really concern about the house edge especially if they are already playing with the top site, because honestly I’m not making any effort to know this with the top sites.

That is true, usually the gambler doesn't check the HE if he is already playing on a reputable site.
Not many gamblers are worried about HE. But sometimes it is still good to know the HE being offered by the site.
Also, you can compare the HE from those top sites and decide which one of them is worth playing with.
Most of the time, you can get the info by checking the details of the game. If not, ask the support of the site.
It should readily be available anytime a customer should ask such info. If not, doubt the casino's operations.

Maybe those players do only care about having fun and usually the one that cares about the house edge are the gamblers who are serious about winning a profit. In each site, there must be a button or a tab to check the house edge of the games.

Sometimes it is also stated on their ann thread here in the forum. If not then we can follow the advice of @Johnyz or by you, which is to inquire on the casino's customer support. There is no point of hiding the house edge since the player can still play that game as all can still be dependent on luck. As long as the gambler is lucky then he can win no matter how high the house edge was. He can also lose even if the house edge is at its lowest point already.

Hydrogen

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There are different methods, with varying accuracy.

Most calculate house advantage by the percentage below 1.00 a gambler can win at near even odds. Many books will offer 0.96 versus 0.96. Rather than 1.00 versus 1.00. In which case, the house advantage will be considered near to 4% per bet.

But if I remember correctly, percentage gains compound over time. Which could carry a potential to negate the 4% house advantage.

A more accurate way to calculate house advantage might be to determine bet win versus bet loss percentages. To a certain extent, the biggest advantage the house has is insider industry information and the power to set odds which can sometimes be misleading and inaccurate. There are sporting events where 2:1 underdogs should be betting favorites. The odds often do not reflect accurate statistics. Its a point bookmakers rely on, to fool gamblers who fail to realize odds often do not reflect mathematical probability.

BitcoinPanther

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It was stated that one of the formula of house edge is

House edge = 1 - (payout percentage/100) or (1 - payout percentage) * 100%

So if the payout percentage of a casino is around 96% then the house edge computation will be:

1 - (96/100) = 1 - .96 = .04 = (converting to percentage) 4%

It is as simple as that ,IMO.

TimeTeller

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Quote from: Johnyz on January 13, 2023, 04:27:00 PM

Quote from: libert19 on January 13, 2023, 02:15:03 AM

...if it isn't stated by casino beforehand, and sometimes it's stated only for dice and not for other games (examples being card games, roulette, slots), in such cases how is it to be calculated?

There are some site that offers a free simulator to check the house edge, and also asking the support can make things a lot more simple since the site should disclose it for them to be trusted by the gamblers. I’m not sure though if all the gamblers really concern about the house edge especially if they are already playing with the top site, because honestly I’m not making any effort to know this with the top sites.

That is true, usually the gambler doesn't check the HE if he is already playing on a reputable site.
Not many gamblers are worried about HE. But sometimes it is still good to know the HE being offered by the site.
Also, you can compare the HE from those top sites and decide which one of them is worth playing with.
Most of the time, you can get the info by checking the details of the game. If not, ask the support of the site.
It should readily be available anytime a customer should ask such info. If not, doubt the casino's operations.

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Quote from: libert19 on January 13, 2023, 02:15:03 AM

...if it isn't stated by casino beforehand, and sometimes it's stated only for dice and not for other games (examples being card games, roulette, slots), in such cases how is it to be calculated?

In some games, the mechanics of the game (and the odds) are obvious - in card games, dice, roulette, etc. and you can make the calculation yourself, and in some games everything is not obvious at all (slots and similar games) and no calculation is possible so the chances (and the house edge) in them are set programmatically.
In general, you need to know the probability of all events and the odds that the bookmaker gives if you guessed them - then you can make a calculation in order to understand what is the house edge.

Fatunad

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Some are already giving out links but some YT might be better if we do have this type of question.

https://www.youtube.com/watch?v=P8l9FoV1z5o
https://www.youtube.com/watch?v=Jk2cqYHnJHk

Heres some relevant thread for some calculation.
https://bitcointalksearch.org/topic/frustration-of-calculating-house-edge-on-dice-sites-4487738

Johnyz

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Quote from: libert19 on January 13, 2023, 02:15:03 AM

...if it isn't stated by casino beforehand, and sometimes it's stated only for dice and not for other games (examples being card games, roulette, slots), in such cases how is it to be calculated?

There are some site that offers a free simulator to check the house edge, and also asking the support can make things a lot more simple since the site should disclose it for them to be trusted by the gamblers. I’m not sure though if all the gamblers really concern about the house edge especially if they are already playing with the top site, because honestly I’m not making any effort to know this with the top sites.

coolcoinz

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Quote from: libert19 on January 13, 2023, 02:15:03 AM

...if it isn't stated by casino beforehand, and sometimes it's stated only for dice and not for other games (examples being card games, roulette, slots), in such cases how is it to be calculated?

Here's a good explanation of how house edge works and can be calculated. It contains examples for various games.
https://easy.vegas/gambling/house-edge-calculation

If you don't want to do the math and the casino doesn't give any hints, your best option is to choose a different one that is a bit more transparent.

klidex

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Quote from: ryzaadit on January 13, 2023, 06:04:44 AM

Hey @libert19

If you playing on provider, they always give you the information like how many deck in the game (for example BJ/BACCARAT) but also they give you some overview for the RTP % too. You should try to see on the "Information Game".

If you playing in Evolution Games, easy to be find. Just find the setting logo, and you can find it there.

Previously, were you really able to understand and understand what the OP was asking.
In essence the OP is asking how to calculate a winning percentage or RTP in a game in a casino. So I think you only need to answer what is asked, not instead offer a gambling or casino place.
When it comes to RTP, I'm sure almost all casinos, whether they're trusted, popular or not, definitely have %RTP in every game description.

ryzaadit

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Hey @libert19

If you playing on provider, they always give you the information like how many deck in the game (for example BJ/BACCARAT) but also they give you some overview for the RTP % too. You should try to see on the "Information Game".

If you playing in Evolution Games, easy to be find. Just find the setting logo, and you can find it there.

swogerino

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Quote from: libert19 on January 13, 2023, 02:15:03 AM

...if it isn't stated by casino beforehand, and sometimes it's stated only for dice and not for other games (examples being card games, roulette, slots), in such cases how is it to be calculated?

For the slot machines you have to check the "Edge" which is in the description of every slot page before you start playing it.For example if the edge says 3.96% it means that 3.96% of 100% will be for the casino and the rest for the players.However not to be confused that if you play 100 dollars you will get 96.04 dollars back,no,that edge is calculated for a huge number of spins,more than millions of spins in total from all players and from that amount 96.04% is returned to all players,the lucky ones make the big wins,as the slot machine uses RNG -random number generator to do their calculation and no one knows the moment when the slot machine will be in a pay mode.

If this is not in the description,do not play at such casinos,the big ones all of them have it in their description page.

libert19

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...if it isn't stated by casino beforehand, and sometimes it's stated only for dice and not for other games (examples being card games, roulette, slots), in such cases how is it to be calculated?

Topic: How do you calculate house edge...? (Read 323 times)