Casino House Edge Uk
How to work out the House Edge
Casino House Edge Chart
- As we touched on above, all casino games favour the casino thanks to a mathematical advantage called the house edge. The house edge varies between each casino game, and often different bets will carry their own house edge (as in Roulette). To calculate the house edge percentage, you can subtract the odds of your bet winning from 100.
- House edge = 1 - (return / loss) It's shown as a percentage, where 0 would mean the casino expected not to win and 100 would mean the casino was guaranteed to win (some bets in Keno come close!) In other words, the closer the house edge is to 0, the better your chance of winning.
Casino House Edge Uk Price
As an example, in Sic Bo, the bet on 9 or 14 has a probability of 0.1157 and pays 7 to 1 i.e. return of 8 for each unit staked (stake is returned with winnings).
Therefore, the expected return on a 10 unit bet is:
The house edge is a term used in the gambling industry and it shows the mathematical advantage the casino has over the players. This mathematical advantage is inherent to all casino games as the odds of the house winning money in the long term are inevitably higher than those of the players turning a profit. Video poker machines look like slot machines, but they offer a better house edge—if you play the hands optimally. Depending on the pay table, the house edge for video poker can be as low as 0.5% or as high as 5% or 6%. And those are the basics of the house edge as it pertains to casino games.
80 x 0.1157, which = 9.256
Dividing this by the possible loss (ie the stake), we get:
9.256/10 = 0.9256
To get the house edge, we subtract this from 1.
So, the house edge on 9 or 14 is
(1 - 0.9256) = 0.0744 = 7.44%
Getting the edge
Casino Lowest House Edge
Getting the edge and beating the house is essentially about knowing the expected odds and comparing them to the observed results in any one session on any game. Each of our featured games has a Strategy link which explains exactly where we think the edge can be found for that particular game.
It comes down to what kind of gambler you are. For example, would you bet on a horse at 10/11, expecting to win, or on a long shot of 25-1, hoping to win?
In each of the game strategy pages, we'll point out the bets to target based on your gambling style - steady low-risk, occasionally daring medium-risk or high-rolling high risk.
Casino House Odds
Gambling with discipline
With all this in mind, we have devised an overall gambling policy which, if followed, should, at best, give you consistent small wins and, at worst, minimise your losses.
This overall policy is in addition to the game-specific strategies given for each game i.e. bear this in mind regardless of which game you're playing.
Getting the edge on the house
No gambling system is guaranteed to win - if it was, the casinos would be out of business. But clearly some people do occasionally win at casino games, both real and online. You can be fairly certain that those players have followed a disciplined approach very similar to the gambling policy we outline on our golden rules of gambling page.
Know your game, know your limits - and good luck!