If you are a regular casino player then you have probably heard a lot about the casino house edge or house advantage and you know what it is. If you don’t know what a casino house edge is here is a quick definition:
What is casino house edge
According to Wikipedia:
Casino House edge is defined as the casino profit expressed as the percentage of the player’s original bet
however, we feel that this definition is not clear enough so according to bestuklivecasinos.co.uk:
Casino House edge is defined as the ratio of the average loss to the initial bet or the statistical advantage the casino holds in the long run in any given game
What this means is that the house edge is applicable only if the player keeps playing the casino game long term.
For example if you sit on a roulette table and place a couple of bets on red and you win both times, then the house edge is not applicable. Same thing if you sit on a blackjack table and play only 2-3 hands.
The casino house edge is applicable only when you play a lot of hands/place a lot of bets. In other words the longer you play, the closer you get to the house edge percentage. This doesn’t necessarily mean that you will always loose in the long term as this will also depend on other factors like your luck, skills, strategy and discipline. The house edge is just a statistical edge.
At the end of the day it is gambling we are talking about so sometimes you win, sometimes you loose!
The point is that there is a house edge that casino players need to be aware of and ideally play more the games that have low house edge if you want to increase your chances of beating the house.
How to reduce the house edge
A very important factor in reducing the house edge is strategy. There are a few casino games that you can play with a strategy and reduce the casino house edge to the minimum. For example, if you play blackjack with optimal strategy charts of when to hit, when to hold, when to split etc then you play with minimum house edge which is to your advantage of course.
If you play with no strategy and you are just making decisions based on intuition, then the house advantage gets higher.
Savvy gamblers know that the best way to preserve and increase their bankroll is to make bets on casino games with the lowest house edge.
Live Casino Games House Edge
Let’s have a look now at the casino house edge for live casino games.
|Casino Game||Variation/Feature House Edge|
|Live Baccarat||Banker – 1.06%|
Player – 1.24%
Tie – 14.36%
|From 0.486% to 0.695% (depending on casino rules)|
Live Caribbean Stud Poker
|Live Roulette||European – 2.7%|
American – 5.26%
|Live Sic-Bo||From 2.78% (for bets on big/small) to 33.33% (for bets on double)|
|Live Three Card Poker||Pair Plus – 7.28%|
Ante & Play 3.37%
|Live Ultimate Texas Hold’em||2.43%|
|Live Casino Hold’em||2.16%|
From the table above we can see that Live Blackjack has the lowest house edge when you follow basic strategy. Live Baccarat has also a very low edge when you are betting on Banker or Player while from the Live Poker games Live Casino Hold’em and Live Ultimate Texas Hold’em has a relatively low house edge.