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Casino House Edge |
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Each game inside the casino has an in-built
advantage for the house. It is the factor that supplies casinos with their
gaming profits. Around 18% of the cash 'drop' in casinos is retained as profit,
or 'take'. This means that 18% of the money a casino gets to put down the shute
on the gambling tables is pure gaming profit. (averaged out over a period of
time)
GGG advises that
bets with a house edge greater than 3% should be avoided. Playing with a good
strategy in all the casino games mentioned will keep you below this figure.
Below we tell you how to do that.
House Edge for UK Casino
Games |
GAME |
CASINOS |
HOUSE EDGE |
CHARACTERISTICS |
Roulette |
136 |
1.39-2.78% |
No skill.
Volatile |
Blackjack |
136 |
~1% |
Skill
important |
Casino Stud
Poker |
136 |
2.5% |
Negligible
skill factor |
Punto
Banco |
10 |
1.17-1.36% |
No skill.
Acquired taste. |
Craps |
7 |
0.7-16% |
Skill required.
Complex. Volatile. |
Prorgessive
Poker |
100 |
3.45% |
No
skill. |
Sic
Bo |
5 |
2.78-18.98% |
No
skill. |
Money
Wheel |
5 |
11.11-24.07% |
No
skill. |
In each Casino game
there are several ways to bet and each bet is paid at odds. (i.e. you get back
something times your stake money as well as your stake money) The casino edge,
or advantage, or vig., is created by making those odds lower that the true odds (the
real odds of what you just bet on). |
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Roulette |
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Roulette of the sort played in British casinos allows for the
player to place 'Even Chance' bets. They are High, Low, Red, Black, Odd and
Even. As zero is green and none of these, then none of these bets is paid out
as a winner when zero comes up. However the player gets to retain half
of their bet. This brings the house edge down to around 1.39%. GGG
advice is to play 'even chance' bets if you are new and want to learn. They
have the problem of being dull and also offer little chance to win in an
evening's play. The normal house advantage from playing the numbers in Roulette
is 2.78%. i.e. A single chip placed on a winning number should return 37
chips to break even but it returns 36 instead. The edge is 1/37.
Double Zero or American. The 'double zero' game as
played in the U.S and other countries under the guise of 'American Roulette'
has a total of 38 numbers ('0', '00' and 1-36). The payout odds are the same as the single zero
game and so the edge on a single number is 5.40% i.e. A single chip
placed on a winning number should return 38 chips to break even but it returns
36 instead. The edge is 2/38. As an aside, there are two other differences.
- No half stake
return or en prison (French game) rule. When either '0' or '00'
occurs, all Even Chance bets lose!
- A single chip
bet covering the four numbers 0,1,2,3 on a single
'0' roulette wheel is paid at 8-1 and
maintains the 2.78% house edge. Here however, because of the '00', the chip now covers 00,0,1,2,3, which is five
numbers and paid out at 6-1. This is a vig. of 7.89%.
To the CASINO-Games-Roulette
page. |
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Blackjack |
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Blackjack gives the player a decision that affects the outcome
almost every hand. Many of these decisions are so simple that players get them
right most of the time. However, around 15% of the time the players differ from
the choice of play that is mathematically correct. So, from playing perfectly,
which gives the house just under 1% advantage, general play by punters
pushes that figure up to 3%. GGG advice is to learn some
basic strategy and really stick to
it. The Gods of chance do not look favourably on gamblers who try to buck the
odds all the time.
<NOTE
Blackjack with one deck, dealer stands on soft 17,
doubling allowed on any first two cards and not after splitting, is an even
game. i.e. No vig. at all. You will not find this anywhere in the world but
that was how it was played back in the early 1960s.
NOTE> Imagine playing with the conditions in the NOTE above. Now add
any of the following that applies to the game you are in and you'll be able to
work out what the edge is against you;
- Two Decks -
Casino's edge goes to 0.3%
- Four Decks -
Vig. is 0.5%
- Six Decks - Vig.
is 0.6%
- Restricting
Doubling Down to 9,10,11 - Lose another 0.1%
- No Doubling
Down on soft hands - Lose another 0.1%
- Allow
Doubling Down after splitting (some places) hands - Gain
0.2%
- Allow restricted
Doubling Down after splitting hands - Gain
0.1%
- Lose all to a
dealer's Blackjack - Lose another 0.1%
- No
re-splitting (common) - Lose another 0.1%
So you
can see how the casino vig. is reached. The standard British 6-deck BJ game
suffers a house edge of 0.8% because (Six decks -0.6%, restricted
doubling -0.1%, no double soft hands -0.1%, lose all to dealer's natural -0.1%,
double after split +0.1%).
If you are playing in the UK today then the
rules are a little more generous. Double after splitting and infinite
re-splitting (including Aces) and other normal UK rules give a house edge very
close to 0.5%.
[To the CASINO-Games-Blackjack page.] |
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Casino Stud Poker |
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Casino Stud Poker is a
poor cousin of real poker. Very clever people have worked out that there is an
extremely small difference in the chances of winning a hand by using the
knowledge that you have at your disposal. i.e. the cards that you can
see The house vig. is 2.5%.
Never
raise with anything less than Ace-King-J-9-4. If you play blind
the House edge is 16.6% which works out at 5½% of your average stake.
According to the paper 'An Analysis of Caribbean Stud Poker' by Peter
Griffin and John M. Gwynn Jr., which appears in the book Finding the Edge in
the perfect situation of having 7 colluding players it would be possible to
narrow down the dealer's unseen cards to just 16. Using a computer to analyze
all 1820 possible 4-card sets out of 16 the player would have an advantage of
2.3%. In a six player game the house would still have an edge of 0.4%.
Unfortunatley the Internet casinos usually only have 3 player spots.
For
you to have a break even equity at the jackpot side bet in an UK Casino, the
meter would have to be at least £263,205. If you are playing a £5
initial poker bet, your average bet will be about £10 and your vig.
against you about 25 pence. So to have an even equity across both bets the
Jackpot prize will have to be 25% above £263,205 which is £329,006.
Above this value you will technically have a vig. in your favour but most of
the equity is tied up in winning first prize which is 650,000 to
1. |
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Punto Banco |
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Punto Banco has three bets, Bank, Player and Egalite. Playing
Bank gives the house a 1.17% edge. and Player gives them 1.36%. The real odds
of the Egalite bet is 9.47-1 but the casino offers you 8-1 (9 for 1) and thus
racks up a massive 14% edge here. GGG recommends you never play the
egalite bet!
[To
the CASINO-Games-Punto Banco
page.] |
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Craps |
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Craps is by far the most complicated and interesting game in
the casino and that is why it is dying out. If you learn how to play it, learn
to play the low vig. bets and you will last longer, have more fun and have a
better chance of winning.
Bet |
Odds Paid |
True Odds |
House Edge % |
Win Line |
Evens |
251-244 |
1.41 |
(taking odds) |
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0.85 |
Come |
Evens |
251-244 |
1.41 |
(taking odds) |
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0.85 |
Don't Win |
Evens |
976-949 |
1.40 |
(taking odds) |
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0.83 |
Don't Come |
Evens |
976-949 |
1.40 |
(taking odds) |
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0.83 |
Field |
Evens |
36-35 |
2.78 |
Hardways |
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2,2 and 5,5 |
15-2 |
8-1 |
5.56 |
3,3 and 4,4 |
19-2 |
10-1 |
4.55 |
Place Bets |
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Win 6 or 8 |
7-6 |
6-5 |
1.52 |
Win 5 or 9 |
7-5 |
3-2 |
4 |
Win 4 or 10 |
19-10 |
2-1 |
3.33 |
Lose 6 or 8 |
4-5 |
5-6 |
1.82 |
Lose 5 or 9 |
5-8 |
2-3 |
2.5 |
Lose 4 or 10 |
5-11 |
1-2 |
3.03 |
Buy Bets |
(5% commission) |
6 and 8 |
6-5 |
6-5 |
4.76 |
5 and 9 |
3-2 |
3-2 |
4.76 |
4 and 10 |
2-1 |
2-1 |
4.76 |
Lay Bets |
(5% commission) |
6 and 8 |
5-6 |
5-6 |
4.0 |
5 and 9 |
2-3 |
2-3 |
3.23 |
4 and 10 |
1-2 |
1-2 |
2.44 |
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The Craps Odds
table shows the odds and house vig. for all bets legal in the United
Kingdom.
Odds
Paid shows what the house pays out on a
winning bet.
True
Odds shows what is the real odds of the bet
and therefore the amount you would be paid if Craps was an even game, i.e. no
house edge.
House
Edge % tells you what advantage, or vig.,
or house edge the casino has. The bigger the number the worse the bet is.
Generally speaking, anything over 3% should not be played as this will diminish
your chances of winning in the medium-long term to virtually
nothing.
[To CASINO-Games-Craps] |
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