Understanding the “House Edge”

Understanding the “House Edge”

It is no secret that casinos hold the advantage. Without it, however, it would be impossible for these gaming clubs to operate without going in the red. With that in mind, it is essential that you understand the unfavorable position that you are in to gain the upper hand. This is the meaning of “house edge” for fresh players foreign to online casinos.


The “House Edge”

The house edge shows the advantage held by the casino in any given game. It is a statistical calculation, expressed as a percentage, revolving around the discrepancy between the odds of you winning versus the odds of you losing.  It is consequently a portrayal of the statistical advantage that any game gives to the house, hence the name “house edge”.

To give you an illustration on how the house edge works, we will use the most straightforward example, the red/black bets. The biggest fallacy that people misinterpret is that there is a 50% chance of you winning or losing. That is not correct, however, as the two zeroes skew the odds in favor of the house. With 38 separate variations and only 18 of those winning, the possibility of you coming out ahead is 47.37%.

The truth of the situation is that, at the end of the day the odds are stacked against you and you have less of a chance winning and more of a chance losing.


How to gain an advantage against the House

It is easy not to fall inside the trap that casinos put when you have the Internet on the tip of your fingers. A quick and simple search can yield you these calculations and help stack the odds in your favour. This can prove useful as it can help you pick which games to steer clear from and which ones to play.

Being aware of these calculations will help you, should you find yourself in a lucky streak, by realizing that you can still lose 53% of the time. Having knowledge that the game is made so that you will inevitably fail, you can save 53% of your winnings and continue playing knowing that you will withdraw with money in your pocket.

While a lot of players continue playing after they have won in hopes of earning even more than what they have already made, they disregard what they are risking. As a result of doing this, most, eventually, lose it all. Identifying when to back down is pivotal to the success of gamblers and for those who seek to walk off with money rather than with an empty wallet.

Edward Griffin


Edward Griffin

Hey I'm Edward Griffin, one of the people behind dbestcasino.com. I have been living, playing and working in the online casino world for the past 15 years. I am here to help you make the most informed decisions in your online casino experience.

Latest Casino News

Aug 23, 2023
For those who are in Canada, it may be interesting to learn more about the biggest casino winners in the country. Join us as we look at lucky players who have found themselves on a…
Jul 31, 2023
“I can't believe it!” was the first reaction of the happily surprised Finnish casino player when she found out she had won the incredible amount of €230,610 cashed out by The Megaways Gonzo…
Jun 20, 2023
You love to travel. You want to visit great places. Going on holidays has never been a stress-free activity. Pack your luggage and arrive at the airport on time, then navigate your way…
May 20, 2023
Reporting big wins is our favorite topic of writing. Here we are today again to tell you about a huge win - a dream. Not a dream, but a real explosion!Relax Gaming and its Money Train 2…
Apr 24, 2023
A fortunate player at BitStarz Casino had the rare opportunity of winning a huge payout while playing a new online slot game. The game in question is Piggy Bjorn 2 - Winter is Coming by…
Mar 25, 2023
Countries around the world have different attitudes towards gambling and are building their own measures when it comes to its legality. Some countries, such as the United Kingdom, have very…
Feb 24, 2023
For millions of people around the world, the casino is a place to spend a lot of free time having fun. The feeling of playing in an online casino site is different compared to playing in a…
Jan 22, 2023
The sporting events that are back online will facilitate the process of getting involved in fantasy sports betting. Sports fans get the perfect opportunity to get involved in the action, to…