What is the House Edge and How Does it Hurt Me as a Player?
Whenever we put together a guide with tips and tricks, we like to tell you all about the house edge the game has. But, not everyone knows what the house edge is and how this magical number changes how likely you are to be a big winner.
So, let’s bring you into the light and teach you just how important it is to fully understand the house edge when you’re playing at a casino – it will change your life for the better, we promise!
Back to Basics, what is House Edge?
We’re going right back to basics when it comes to house edge as it’s one of the most important things you need to know before you play at any casino. House edge is the edge the house has over you as a player on that specific bet or game. The house edge can be dynamic on a game and change based on which bets you play. So, before you sit down at any casino game, learn which bets have the highest house edge and avoid these unless you’re a card counter or have a solid strategy in place.
Higher House Edge Means More Chances of Losing
Casinos tend not to advertise the house edge on games, instead they show the return to player (RTP). This means you have to do some digging to find the house edge on certain games, but we promise it’s not hard to find. In games, different bets can carry different house edged. For example, the house edge on blackjack for someone using perfect strategy is around 0.5%. Now, the house edge on the insurance bet in blackjack is a whopping 7.4%, making it a sucker bet in blackjack. There are 96 cards that will give you a payout on the insurance bet, where as there are 215 that will cause you to lose – see where we’re going with this?
Where Can I Find the House Edge of Casino Games?
Unfortunately, casinos aren’t required by law to display the house edge of every single bet. This means you need to do a bit of homework if you’re going to cut the house edge and give yourself the best chance of winning. The best place to search is in the BitStarz blog for our guides, tips and tricks for certain casino games. In here, we will teach you all about the house edge for the game and teach you which bets are best to play. If we’ve not covered it yet, you can generally find help on the internet. A short Google search will yield lots of results.
So, now you know all about house edge and what it means, it’s probably time to get back to basics and learn all the bets and the house edges for those bets before you next hit the casino – after all, you owe it to yourself!