The house edge can be a complicated topic, but it is one that every avid gambler needs to know well. In the below we will discuss what a house edge is and how it affects your chances of walking away as a winner. A house edge is imperative for a casino to stay in business, but it is our job as frequent players to find the best possible house edge to ensure we have the best potential odds of winning.
House Edge Explained
The house edge will usually be presented in the form of a percentage. For example, Blackjack usually has a house edge of 0.5% meaning for every $100 you bet, you are likely to lose $0.50. This really doesn’t seem too bad in the grand scheme, however, Blackjack is one of the more favourable games to play when house edge is considered, it is important to know the house edge of any game you choose before you start playing.
When taking the house edge into consideration, it is not all a losing game. Keep in mind that house edge is a dataset taken of thousands if not millions of games. While the house edge is a good reference point to the payout of a certain gaming, it is by no means consistent or defining. It is very possible to make money at a table when the house edge is not in your favour, just don’t expect to make money at the same table every single time you play, unless you have the right strategy.
Overcoming The House Edge
While the sheer numbers will always point to the casino making money, there are ways to overcome the house edge. Specifically, among which is strategy, having the right strategy can alter the house edge, sometimes in your favour.
The best example of this is perfect strategy in blackjack, where in some cases it is possible to push the house edge slightly in your favour. Another great opportunity to overcome house edge is in slots. While some professional gambler would likely laugh at the idea of changing the Return to player value (house edge) in slots, online slots with the right bonuses can aid in changing slots return in your favour.
The best example of this is the Mega Joker game by NetEnt with a staggering 99% RTP (1% house edge) with great bonuses like free spins or deposit bonuses offered by some online casinos. 99% RTP while you are only putting forward 50% of your playing capital is a great deal for anybody. It is worth keeping in mind that the RTP like house edge is based on a very large sample size and will likely not reflect during daily play.
Know The Game
At the end, the most crucial part of your casino experience relies on you knowing the game that the casino offers. Small details about the game can affect the house edge in a considerable manner. The house edges are usually easily available for any game you would want to play, be sure to check all the games available.