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An Examination of the House’s Edge
If you’re a part-time gambler, or if you’re a rookie casino player, then you may have heard the phrase "House Advantage," and wondered what it means. Most people think that the casino advantage is the ratio of monies lost to monies wagered, however, this is not the situation. In fact, the casino advantage is a ratio derived from the average loss correlated to the opening bet. This ratio is imperative to know when placing wagers at the a number of betting house games as it informs you what bets give you a better chance of succeeding, and which wagers give the casino an impressive edge.
The Casino’s Edge in Table Games
Knowing the House’s Edge ratio for the betting house tables that you bet on is very important because if you do not know which bets give you the best odds of winning you can throw away your cash. One example of this occurs in the game of craps. In this game the inside propositional wagers can have a House advantage ratio of up to 16 %, while the line bets and 6 and 8 bets have a a great deal lower one point five % casino advantage. This example absolutely illustrates the impact that knowing the House Edge ratios can have on your success at a table game. Other casino advantage ratios include: 1.06 % for Baccarat when betting on the banker, 1.24 percent in Baccarat when betting on the player, fouteen point three six percent when betting on a tie,
The Casino’s Advantage in Casino Poker
Poker games bet on at casinos also have a casino’s advantage to keep in mind. If you plan on playing Double Down Stud the casino’s Edge will be two point six seven %. If you bet on Pai Gow Poker the House’s Edge will be between 1.5 percent and 1.46 %. If you like to wager on Three Card Poker the House’s Edge will range between two point three two percent and three point three seven % based on the adaptation of the game. And if you play Video Poker the House’s Edge is just .46 % if you betting a Jacks or Better video poker machine.
January 24th, 2010
Elliana
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