Have you always wondered how a casino makes money?
Understanding how games built on random events can turn a profit for a casino can be confusing. If you would like to understand how casino games such as live poker work a little better, you need to understand what the casino edge is.
Here we will address this subject and equip you with the information you need to be a better casino player.
What is the Casino Edge?
The casino edge refers to the percentage of money wagered that the casino ultimately keeps as profit. This edge varies across different games. However, you can be certain that any casino game you play will come with at least a small edge in favour of the casino.
Despite the fact results of casino game rounds are randomised, the edge is still active. This is because games are designed with the casino edge built in. It is usually something modest, like 5% or less, in order to keep the game attractive for players and give them a fighting chance.
Why Must Casinos have an Edge Over Players?
Before playing at a casino, whether it be online or land-based, you should consider the fact that the casino is a business. While there is money to be made and fun to be had, ultimately the casino has to turn a profit for itself.
Casinos provide a fair game for players despite the house edge. The edge applies to the entire income of the casino, made up of a huge number of bets and players. That is why individuals are able to walk away in profit despite the casino making money overall.
Casino Edge in Practice
A good example of the house edge is in roulette. Roulette is a simple game where players will often bet on what appear to be 50/50 outcomes, such as red or black. Indeed, the casino pays out this result as if it is 50/50.
However, the house edge in roulette comes from the green zero space on the wheel. This slightly reduces your chances of landing the colour you have chosen, despite the fact you are being paid as if the chances are 50/50.
How Can You Overcome the House Edge?
In games which do not revolve around luck, such as slot games for instance, it is important to use strategy to help combat the house edge. By playing logically in games like blackjack you are able to reduce the house edge and give yourself the best chance of winning.
The house edge increases if you play in a risky way and reduce your chances of winning. So, if you want to get closer to a 50/50 battle with the casino, ensure you read up on some basic strategy before you start playing a game.
Last Thoughts on Casino Edge
The casino edge should not be something that deters you too much from playing. Of course, it is very important to consider, particularly when it comes to implementing strategy, but ultimately you still have a random roll of the dice to try and land an exciting jackpot.