Casinos have an advantage over gamblers; after all, this is how they earn enough money to stay in business. This advantage, known as the House Edge, ensures that casinos manage to keep back a certain amount of the money that is wagered.  The house edge is just an indicative number and it is no guarantee that you will get back a fixed amount whenever you place wagers. There’s always a chance that you will win your first bet or even that you will have a long unlucky streak. However, if you gamble for long enough then there’s a good chance that your losses will be close to the house edge.

House Edge

It is very important to know about the house edge and how it works so that you win more money than you lose at a casino.

  • The ‘grind’ refers to the way the house edge keeps chipping away at your casino bankroll. The longer you play, especially by ploughing back your wins into the game, the more you will be affected by the grind. Therefore, the wisest thing to do is avoid marathon gambling sessions and also to select games that have a relatively low high edge. Also, you should make fewer bets in order to protect yourself from the house edge
  • Take the trouble to find out the house edge of the various casino games you want to play since it varies according to the game. While the house edge of Craps is 0.8% and that of Blackjack is 0.5%, the figure for Roulette is 5.5%. Interestingly, slot machines have an edge of 0-17% whereas progressive slot machines have an edge of 5-17%. The games that are the most unprofitable to play are Keno (25%) and the typical State Lottery (50%). These games have the biggest jackpots, and they attract lots of players even though the chances of winning them are slim. Do keep in mind that you are more likely to win at games that have small house edges. Slots are also very exciting and quick paced but you won’t really make any money if you play them for long.
  • Use the right strategy for each game so that the house edge can be lowered. This means that you have to play strategically when you are playing games that have an element of skill. However, this is not significant if you are playing games that are entirely about luck. If you can take the trouble to earn how to play games such as poker, craps or blackjack then you will be able to beat the house to some extent. Its best to practice these strategies before you actually gamble any money.

There are more ways that you can make your casino outings more profitable than usual. All casinos offer comps and freebies in order to attract customers. You just have to pick and choose the best ones to get the maximum advantage from your casino outing. Furthermore, you should be disciplined when you gamble so that you don’t fritter away your wins in a (mostly) futile attempt to win even more money.

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