Casinos offer a variety
of games and the casino’s edge or advantage is different for each game. The higher
the casino advantage, the less is your chance of winning.
The casino advantage has
2 components. The first and easiest to understand is when you lose. When you lose a bet,
it is lost, period.
But the second is when
you win. But how can you lose when you win? Well, instead of receiving a fair payout for a
winning bet, you are paid less. For example, a fair payout for a $1 wager on roulette is
$37. However, the casino pays you only $35. It keeps the $2 almost like a tax. As a
result, the $2 disappears in the coffers of the casino, without you even knowing or
realizing it! The irony of this is that you are happy you have “won” even though
you have just been short changed by the casino.
What you need to know is
how much is this hidden tax and what you can do to reduce it. Because the lower you reduce
this tax or casino advantage, the greater will be your chances of winning more or at least
minimizing your losses.
The following table
summarizes the casino’s advantage for games where a player with a little luck has a
good chance of winning. A positive casino advantage means the casino has the edge. A
negative casino advantage implies the player has the better of it. Most casino games have
several different types of wagers, which is why you see a range of casino advantage for
most games.
Games You Can't Win
You should really think twice
about playing the following casino games since the casino advantage is so high:
| Keno |
+20% to +50% |
| Let It Ride |
+3.5% |
| Caribbean Stud Poker |
+5.2% |
| Red Dog |
+3.5% |
| Big Six Wheel |
+11.1% to +22.2% |
