To give yourself the best chance of coming out ahead in an online casino, one thing you should consider is the house edge. Even if you’re new to gambling, it won’t come as a shock that in the long term, it’s the casinos rather than the players who make most money.
If that weren't the case, the whole system would collapse. If casinos lost money, they’d go out of business so there would be nowhere to gamble. There are people who have conspiracy theories about casinos, whether online or land-based. And indeed, sometimes it can seem that fate is on the side of the house when you get dealt a pair of Kings in blackjack, only to see the dealer turn over a Jack and an Ace.
But this is not house edge, it’s just a fact of life that unless you have blackjack yourself, you are always susceptible to being beaten on any hand. House edge is the actual statistical tilt in favour of the house on a given game. Casinos have an advantage in any game, whether that be video poker, roulette, craps or any of the slots.
The most obvious example, perhaps, is roulette. On an American table, besides the numbers 1 to 36, there is both a zero and double zero, which means there are 38 potential outcomes. If you place a chip on a winning single number, though, you will only be paid out at odds of 35 to one, so this is where the casino has the advantage.
It’s worth knowing because, given a choice between playing an American or European version of roulette, it makes most sense to stick with the European. Because it only has one zero, the house edge is 2.7 per cent as compared to 5.26 on an American table.
If you’re looking for the game with the smallest house edge, look no further than blackjack, where players who use basic strategy can reduce the advantage to less than one per cent.
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