You might be thinking, “yeah, sure I know what odds are” but did you know that
casino odds are different from normal odds? The casino’s odds are lies.
There are two types of odds in this world. One is true odds and the other is the
casino’s house odds. The house odds are what the game payouts are based on.
The house edge is what the casino uses to make its money. The higher the house edge
is in a game, the more likely you are to lose money betting on it.
Blackjack is the casino game with the lowest house edge. If you play
using perfect strategy, you can knock it down to 0.28%. Online, it’s
possible to get that house edge down to about 0.12%. How? By picking
your game wisely.
The house advantage grows by 0.02% for every deck you add to the
game. So, go for single or double deck blackjack games. Games where
the dealer has to stand on 17 are better too because this changes
the house edge to -0.13%, giving the player the advantage.
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There’s one important difference between American roulette and
European roulette games. The house edge is 2.7% in European roulette
but it’s a massive 5.26% in American roulette. These odds represent
the fact that the American roulette wheel has ‘0’ and a ‘00’ slots,
whereas the European version only has one ‘0’.
That’s why you have a 48.6% chance of winning when you bet on
red/black in European roulette and a 47.4% in American
Always check that the game you’re playing pays the full 35 to 1
payout for a single number too. Tweaking payouts is something sneaky
casinos often do, thinking no one will notice. Even a switch to 33
to 1 doubles the house edge from 5.26% to 10.53%.
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In online baccarat the odds favor the banker, just like they do at
land-based casinos. Based on the standard 8 deck game, the
probability of a banker win is 0.4586% and the probability of a
player win is 0.4462%.
If you want to make a profit, stay away from tie bets. Even though
the payout is higher at 8 to 1, the house edge on a tie bet is
14.36%. It’s only 1.06% on banker bets and 1.24% on player
In order for the house to keep an edge in baccarat, every winning
banker bet is subject to a 0.5% commission.
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Casino Wars is popular because it’s so simple. There’s a simple odds
based strategy you can follow too. If you surrender every time you
and the dealer tie then the casino will have a house edge of 3.7%
but if you go to war every time, then the house edge reduces to
Try to find a Casino Wars game that offers a bonus for consecutive
ties too. These rules mean the house edge is knocked down to just
Most gamblers know that video poker is famous because some versions
of the game have payout percentages above 100%. A little-known fact
is that even if you haven’t studied video poker strategy, you can
still get a better payout rate from a video poker machine than any
other game at the casino.
With perfect strategy you’ll get a payout percentage of 99.54% but
even if you’re a newbie, you can expect an average payout percentage
Also, aim for video poker games that give you ‘full pay’ with 9/6
paytables. This is when a full house pays 9 to 1 and a flush pays 6
to 1. A video poker game that cuts the pay on a flush to 1 to 5 will
reduce the game’s payout percentage from around 100% to 95%.
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Slots games are an odds lover’s nightmare because they’re the only
casino game where you can’t calculate the odds of a win. Slot
outcomes are run by random number generators and each game’s
mechanics are different.
As a rough guide though, a 10 symbol 5 reel online slot with 20
paylines can churn out over 33.5 million different symbol
combinations. In comparison, video poker has only 2.6 million
possible combinations and there are just 1,326 potential starting
hands in single deck blackjack.
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Yes, is the simple answer.
Land-based casinos pay out an average of 88% of every Canadian dollar you bet there.
The best online casinos pay out 95-97%.
This isn’t down to the online casinos feeling generous. It’s because business wise,
running a casino on the Internet is very different to operating a land-based