Casino games with the lowest house edge
Casino Games With The Lowest House Edge
Casinos offer the allure of increased fortune and a more immediate rush of adrenalin than their sister business model, stock trading and investment. But just as investing in one stock is different to investing in another, the type of casino games you play will impact your chances of winning – not only because of skill and even luck, but because some games have a lower house edge than others.
The House Edge
The house edge is basically the built-in profit margin in every casino game – how the casino affords to stay in business and pay rent, taxes and wages, to continually offer you the opportunity to raise your fortunes in a fun way. Varying not only from game to game, but also from round to round, the house edge of any casino game is a reflection of the true odds minus your payback over a period of time. Very simply put, it’s the difference between what you put in and what you get out.
Understanding the house edge allows you to read the odds better, and in turn increases your chances of walking away a winner.
Because the software used in developing slot machines and online casino games also impacts the house edge, you’ll often find that the same game will have a different probability on two different sites. However, there are some casino games that inherently have the lowest house edge – and this is especially true at Canada’s best casinos.
So which casino games have the lowest house edge in general?
Blackjack usually has the lowest house edge with a potential average of 0.28% to 1.5%, depending on the house rules of the casino. Something to look out for is a blackjack table where the payback is 3-2, the dealer stands on a soft 17, and late surrender is available. Because the odds shift with each card drawn, skill is an important factor in keeping the house edge low, but of all the many casino games available blackjack is almost always your best bet.
In most cases, craps is the second-best casino game to play if you’re looking for a low house edge, often averaging on 1.36% to 1.41% depending on the game style, bet type and your level of skill. Although craps can be difficult to learn, it can be an incredibly rewarding casino game. There are a wide variety of bets to be made, but there are some best described as “sucker bets” that can push the house edge up to 10%. Any 7, Hardways and Proposition bets are some of the more complicated types, and the closer you are to the table’s centre the higher the house edge will become. Playing Pass/Come, Don’t Pass/Don’t Come and placing numbers are a sure way to get the lowest house edge, which also decreases with higher odds – making craps one of the more alluring casino games available.
While slot machines average at 2% to 5%, the house edge can easily climb up to 15% or higher depending on the game you play. On the other hand, video poker is certainly one of the top three casino games with the lowest house edge – as little as 0.46% on Jacks or Better at Full Pay. Of course, skill plays a huge role in deciding the payback percentage for your bets, and making your bets by gut feeling can tip the house edge against you. Incredibly popular in Canada, video poker is a casino game sure to afford you favourable odds if played with skill.
Last, but not necessarily least on our list is baccarat. Popularity for this fun casino game increased with Sean Connery and Roger Moore’s versions of James Bond depicting it as 007’s favourite – and it’s easy to see why. Similar to blackjack in many ways, baccarat enjoys a typically low house edge that tends to range from 1.06% to 14.36%. Your choice in play has everything to do with determining the percentage of course, as baccarat is a casino game concerned with tradition, ritual and skill. Betting on the banker or player is sure to give you the lowest house edge at 1.06% to 1.24% (even better than craps) but betting the tie can be a deal-breaker for you by skyrocketing those numbers to a whopping 14.36%.
Casinos will always have the advantage over the players in the long run, but understanding which casino games afford you the lowest house edge goes a long way to ensuring you get the most out of your experience.