Updated: 2024
We won’t discover America saying that casinos always have an advantage over players, right? Although this might not be revolutionary news, many players in the UK tend to forget about it. Online casinos are a business like many others and their main point is to make money.
Even with completely transparent and fair gaming operators, the rules are set up to statistically favour the gambling website. Always. Does it mean you’ll never win money, though? Absolutely not. Read below and learn what house edge is and how exactly it works.
What Is House Edge?
It’s nothing else but the casino’s advantage. It’s the term that describes the advantage an online operator has over their players. This rule applies to all sorts of games in online casinos – table games, slots, lotto and bingo are only a few of them.
From a player’s perspective, the great thing about the house edge is that it provides you with extra information on how profitable the game is. Use this guide wisely and you will then be able to say which game pays less or more. You will also avoid losing money!
How Can I Find The House Edge Percentage?
The game’s house edge is not a secret. When you play slots, you’ll find this information in the game’s description or rules as RTP %, which stands for the Return To Player. It tells you what percentage of real money wagers will be returned to you as winnings.
For example, an online slot has a 96.5% RTP, the house edge would be 3.5%.
Why Is The House Edge Important?
Knowledge is power! Casinos are required by law to provide you with information about all games so that you can make informed decisions. Online operators give you access to data such as the house edge but other, independent, third-party specialists analyse and physically test this information to ensure it’s all correct.
This all ensures that you are able to estimate your chances when playing the game and minimise the risks of losing money.
What Are The Typical House Edges Of Casino Games?
- American Roulette 5.25%
- Classic Blackjack 0.12%
- European Roulette 2.68%
- Keno 20%-40%
- Sic Bo 2.78%
