For all of those who never made a spin, rolled dice or played cards, casinos are a waste of time because they simply don't understand the rush that players are getting. That centuries old cliché 'the house always wins' should never be taken so literally because this doesn't mean that you won't be getting some money as well.
Why does this happen? Why is it that, no matter what, house always profits? Well, the main culprit for this is the house edge. Some of you may probably ask what exactly the house edge is.
The house edge is the advantage a casino has over players and the way they are making money. As you already may know your overall gambling success is based on odds and percentages. This may sound complicated to some but it's not really, so I'll try to make it simple. Let's say you are to flip a coin 10 times and you bet €1 per flip. In the real world you stand to win or lose a maximum of €10, but in a casino you can lose €10 but earn only €9.75. So you see now why the phrase 'house always wins' exists.
If you wish to make a success in the gambling career than you need to understand what house edge and odds are all about because it helps you avoid bad bets. Even if there's a game you're passionate about try to avoid them if the house edge is high. Being how the house edge and odds can help you minimize your losses I'll give you a list of house edge ranges on some of the most popular games:
– Baccarat: 1.06% to 14.36%
– Carps: 1.1% to 16.67%
– Keno: 25% to 29%
– Blackjack: 0.3% to 0.5%
– Caribbean Poker: 5.22%
– Pai Gow Poker: 1.46%
– Video Poker: 0.46%
– Roulette: 2.7% on single zero and 5.26% on double zero
– Slots: 2% to 15%
Detrimental Errors In Betting
You may have noticed that some of these games have ranges that are based on the bets you make. We all wish to cut down on our losses so here are some of the bets I recommend you to stay away from:
Tie bet in Baccarat:
Baccarat is a great game that is quite popular and it can bring you a lot of money if you are disciplined and if you master the fundamentals. However, not all bets are good bets in Baccarat and some of them can ruin you. The bet I'm talking about is the tie bet and it is undoubtedly the worst bet you can make because the house edge on that bet is 14.36%.
Blackjack's insurance bet:
At the point when the dealer shows you an Ace you will be offered the opportunity to buy insurance against 10 or any face card. Whatever you do, don't do this because the house edge is 7.47%.
Choosing Keno:
Keno is the worst possible game choice you can make because the house edge in this one can go even up to 29%. Sure you can win once or twice but to expect that you can make any profit in the long run is pure crazy.
Carps and prop bets:
These are also called the bets in the middle of the Carps table and if you ask me, they are nothing more than rubbish because the house edge on these range from 5% to 17%.