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Ever wonder
how one person can be confident enough to start a casino? Ever wonder
how a casino operator knows he's going to make money, if people play?
Ask yourself a simple question, "what do I need to run a successful
business?" If your answer was profit, then you're thinking is right
on track.
The House Edge means the casino's advantage for each game.
To be precise, House Edge equals the difference between the true odds
(a $10 wager pays $10) and the odds that the casino actually pays you
when you win (i.e., a $1 wager wins 95 cents).
The only exceptions to the idea of intrinsic profit are Blackjack and
Video Poker. Both of these games include extra variables such as Skill,
Rules, Number of Decks in Play, Game type and Pay Table. Look at the following
chart to see a breakdown of the House Edge for some of the most popular
casino games.
| Baccarat |
Bank |
1.06 |
80 |
| Player |
1.24 |
| Tie |
14.4 |
| Craps |
Pass/Don't |
1.4 |
30 |
| Field |
5.6 |
100 |
| Hardways |
Up to 16 |
| Roulette |
Double 00 |
5.26 |
50 |
| Single 0 |
2.7 |
| Caribbean Stud |
Ante |
5.3 |
40 |
| Bonus |
48 |
| Free Ride |
Base |
3.5 |
40 |
| Bonus |
15-30 |
| Keno |
Average |
27 |
7 |
As mentioned above, the outcome of Blackjack and Video Poker games is dependent
on more than just the House Edge.
For Blackjack, players must figure in their personal skills, house rules,
and the number of decks used in the game. But as you see below, these variables
produce an advantage for you.
Basic
Strategy
Poor/Hunch
Counter
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50
3-5
+
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» |
HPH
60 |
For Video Poker too, players must figure in their personal skills, game
rules, and the set pay table. Just as in Blackjack, the extra variables
give you an advantage.
| Video
Poker ** |
Perfect
Play |
+ |
» |
HPH
600 |
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