House Edge

All casino games, regardless of those in the brick and mortar casinos or online casinos, are designed to have the House Edge (also known as House Advantage) built into the game. House edge refers to the mathematical advantage that the casino would have over the player, expressed as a percentage of the player's wager.

Taking the American Roulette as an example, the wheel consists of numbers from 1 - 36, plus 0 and 00. The odds of winning for the player will be 1 in 38 or 37 to 1, meaning a $1 wager on the winning number will make the casino return the original $1 that the player has wagered and payout $37 as winnings. In this scenario, the odds presented will be the true odds. However, in order for the casino to make profits and continue to run their businesses, the casino will only pay 35 to 1 for the above scenario. The player will receive his original $1 and $35 as winnings. The difference between the odds that the casino pays out and the true odds is therefore known as the house edge, or the long term expected winning of the casino. For the American Roulette example above, the difference in winnings is $2, which if taken as a percentage of the true return of $38, is 5.26%. Therefore, 5.26% is the house edge for the American Roulette.

House edge varies for different games and casinos, due to the difference in game rules and odds. However, the method which the house edge is calculated is similar to the above roulette example. To find out the typical house edge for other casino games, please refer to the table below:

 

 

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House edge comes in two forms, fixed and variable. Fixed house edge applies to games such as the roulette where each set of play is independent from the previous sets that occurred. A winning number ''10" in the current roulette spin will not result the ball in the next spin from being less probable of landing on the number "10" again. The numbers on the wheel remains the same for every spin and all numbers have an equal chance of being the winning number. As such, the house edge remains fixed for every spin. Variable house edge applies to games such as Blackjack and Poker, where the player's skill element comes into play and each draw of the card from the deck changes the composition of the remaining cards.

The player's skill level is very important for games like Blackjack and Poker. In the Blackjack game for example, the player can actually decide the strategy forward based on the quality of his cards, as well as observing the rest of the cards laid on the table. Therefore, a very skilful Blackjack player can actually minimized the house edge against them, and in some instances shifting the advantage from the casino to the player. As for the games like roulette with fixed house edge, there's no skill element to speak about, as the betting is on based pure luck and the player has no control to where the ball will land during a spin.

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