How To Reduce Casino House Edge ☘️ Casino Strategy
Casino house edge is a method that both online and land casinos use to make a profit. Whilst you can never eliminate this percentage, there are a vast array of ways to reduce it and increase your own earnings. Read on below to discover exactly how this is calculated, and straightforward ways to lower it.
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Firstly, before we begin, it is important to fully understand what the casino house edge is. Essentially, it is a percentage of your profits in every game that goes towards the casino. In more technical terms, it is the difference between odds and the payout. Subsequently, this is used for the operational costs of the company, therefore it is reasonable why it this amount is taken. Many punters refer to it as the cost of taking part.
It is easier to grasp this concept with an example. Let’s say that the casino house edge was 2%. Let’s say you bet €10 on a slot machine, €0.20 would go towards the casino.
There is another way to calculate the casino house edge, and this is by using the RTP (otherwise known as Return To Player). The equation is:
Casino House Edge = 100 – RTP
Let’s say that the RTP of a game was 95.5%. Using the equation above, we can calculate that 100 – 95.5 = 4.5. Hence, the casino house edge is 4.5%.
So, what is a good RTP or house edge? Generally speaking, you should look for casino games that have an RTP of over 95%, therefore a casino house edge of less than 5%. This varies greatly, but applies on both online casino games and land casino games, as well as any type of slot or table game.
How Can I Reduce Casino House Edge?
Now that we understand what the casino house edge is and how to calculate it, we can consider strategies on reducing it. Although you can never completely disregard this percentage as the casinos require it to sustainably run in the future, there are plenty of tips on how to lower it.
Compare Betting Sites
Although there is a general range of casino house edge for every game, it fluctuates depending on the betting site that you are using. By researching different online casinos and checking their general RTP or casino house edge, you can gain a better understanding of the percentages and therefore find the best range suited to you. In addition, it is always helpful to compare betting sites, because you can also find the best features such as regular promotions (e.g. free spins), a huge variety of games, user-friendly interface, mobile app, 24/7 customer services, and more.
Choose Lowest House Edge Games
It may seem apparent, but choosing the games with the lowest casino house edge will, of course, increase your profits in the long term. Some games simply have a lower house edge than others. Such table games include classic blackjack, baccarat, video poker, whilst slot machines include Blood Suckers (Net Ent), Mega Joker (Net Ent), and Book Of 99 (Relax Gaming).
It is worth noting that usually, table games have a lower house edge than slot machines. Additionally, online casinos have a lower house edge than land casinos because they offer more variety and game selection. Lastly, live dealer games can be manipulated and taking advantage of this flexibility can reduce the casino house edge.
Know Which Games To Avoid
Just as you should be aware of which games have low casino house edge, you should be equally as educated on which games you should avoid when playing.
Generally speaking, the games with the lowest RTP and highest casino house edge are craps, American roulette, keno, sic bo, and Caribbean stud poker. This doesn’t necessarily mean that you should never play these games, but if you do, use strategies to maximise your profits. These games have diverse ranges, and therefore one wrong move can astronomically increase the house edge. Be sure to know when to cut your losses.
High RTP
Some casinos include the casino house edge of their games, whilst others advertise the RTP of their games. Either piece of information is vital in making an informed decision. Because the two are linked.
For example, let’s say you wanted to play European roulette, and the RTP was 97.3%. Using our calculation, 100-97.3 = 2.7% casino house edge. This is within the ranges of a good casino house edge, therefore this game is worth playing.
A good RTP is over 95%, whilst very good is over 97%, and excellent is anything over 98%. These have the lowest casino house edges respectively.
Use Live Games
If you bet using online casinos, especially on live games, you can reduce the casino house edge considerably. This is where you can play games with a live dealer, betting simultaneously with other players and chatting with them. The live games give you the opportunity to increase your profits because you can choose to respond to the dealers using many options, such as doubling down.
Online Casinos
Online casino usually have a lower casino house edge. This is because the operational costs are lower than a land casino. There is no building to rent, lighting to maintain, and employee wages to fund. This means that the betting sites can afford to lessen this percentage.
Budget
By far one of the most important strategies for any kind of gambling, especially reducing the casino house edge, is budgeting. Although this doesn’t necessarily change the percentages, it is key in keeping your losses to a minimum. By setting yourself a deposit limit and not spending over this amount, you can make sure that you are only depositing what you can afford to lose. In the long term, this will help you to monitor your profits and identify your strengths. For example, you may earn more cash when playing classic slot games as opposed to live dealer games.
Practise
Many casino games offer a free demo before you begin to play. This is where you can take the time to read the rules and truly understand them, as well as practise the game in a free trial. The only true way to grasp the majority of casino games is by simply immersing yourself in them.
Additionally, you can practise through the use of promotions like welcome bonuses. Especially with no deposit welcome bonuses, you will be awarded free spins so you can gain experience. Overall, this will increase your profits.
Know When To Quit
Sometimes, you should simply know when to cut your losses. This means that you should stop playing when you are incurring a big loss instead of trying to win your money back. Similarly, you can quit whilst you are ahead instead of excessively trying to maximalise your profits. Especially if you have been playing for a while, setting time out sessions can be extremely beneficial for your wellbeing.
What Are Some Popular Casino Games And Their Casino House Edges?
Like we mentioned above, all games have a casino house edge to help keep the company running efficiently. In the table below, we have listed some of the most popular games and their respective casino house edge, to help you in making a decision on which tables or slots to play.
Game
Casino House Edge
Mega Joker
1%
Blood Suckers
2%
Baccarat
1.06%
Craps
1.36%
Sic Bo
2.78%
Video Poker
0.46% to 5%
As you can see, the games above have low casino house edges. With this being said, the values greatly differ depending on the betting site that you are using, and the choices you are making within these games. Remember to research the percentages and make informed decision accordingly. Lastly, consider the strategies we have listed above to increase your likelihood of a higher profit!
Financial Management
Setting financial boundaries in betting is one arguably one of the most important strategies that you must consider. For example, it is worthwhile setting a limit for the month, like €50. Sticking to this will allow you the flexibility to play live slots whilst also preventing you from incurring huge losses. A way to track this is through using an e-wallet, as this way you can separate betting from everyday expenses and easily track your profits.
Time
Spending too much time playing live slots can be detrimental to your health, therefore setting time-out sessions can be helpful. This can be found in the settings of most online casinos and will alert you when your time is up. Overall, this promotes gambling responsibly.