The biggest cliché in casino betting is the invincibility of the house edge. Conceded, casinos are there to make profit and house edge is the way to do it. But the house edge is not that big a deal. What is the house edge, how it matters and how to beat it? Let’s discuss it all and more.
House edge explained
The House edge, Player Disadvantage and Average Expectation, all refer to a statistical advantage that a casino holds over the bettor. Picture this. You raked in some money in a roulette game. Now, the casinos will take a certain pre-agreed percentage from the winnings and pay you the rest. The deducted percentage is the house edge. Think of house edge as a tax levied by the casino on your winnings, just what the government does to your income.
The Average Expectation depends on the game you play and casino you play at. Roulette, Craps, Blackjack (Single Deck), Baccarat, and Pai Gow Poker represent house edge friendly casino games for you. Contrarily, the Wheel Of Fortune and Slots come with a hefty house edge.
Likewise, online casinos offer you a favorable house edge as opposed to the land-based ones. The online casinos can afford to keep it low, as their operational expenses are low compared to their offline counterparts that bleed money on staff salaries and premises maintenance.
The significance of house edge lies in its ability to impact payouts. The higher the house edge, the lower your payouts will be. The house edge can be used to compute the cost of your entertainment per session, and decide the bet sizes, and spot a winning opportunity.
Why house edge can’t beat you?
Let’s refer to the tax analogy again. Every business involves taxes. But the taxes don’t stop entrepreneurs from making profits. They stay profitable and give the government its fair due gleefully. Then why should the house edge deter you from making profits via casino roulette?
The house edge was, is and will always be there and you have to workaround it. That calls for creating and executing some thoughtful strategies to minimize the house edge. Even if the house edge is taken out of the equation, there’s simply no system that can guarantee wins.
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