Most of casino revenue comes from the “House Edge”. For the regular online casino player, this is a familiar term. Although someone new to a gambling website might find it difficult to comprehend, especially when they come across statements like ” slots has the highest house edge” or “blackjack is the most profitable games to play because it has a low house edge”.
When you play at an online casino, you lose more number of times than you win. In most of the casino games, you are playing against the casino, also known as the house. The online gaming software is developed to give the casino operator an advantage, which means that the odds are stacked in favor of the casino leading the casino to win on more occasions than the player. Casino software uses something called the Random Number Generator to replicate random chance in virtual gaming. This ensures that the outcome of the games is purely by chance. Casinos are not cheating the player, but they do have a natural advantage over the player.
Online casinos are a business entity, wanting to make a profit and this is perfectly legal so long as they don’t cheat their customers. The house edge is the means for online casinos to earn revenues. To take an example, the house edge for Roulette is 5%. So for each dollar wagered on a roulette game, the casino gets 5 cents while the balance 95 cents go to the winners of that game. Over a period of time, casinos will steadily make the money since the players can’t beat the house edge. But this is not to say that online casino games are not profitable. In the short term, many players manage to win their games and also make a small profit.
Although it is not possible to beat the house edge, you can always learn to work around it and make the most of it if possible. That’s what the winners do. They try to work around the house edge by learning the skills to play the game with the best strategy available so that they get ahead of the house edge. It is pertinent to note here that the player wins occasionally and not consistently while playing at a online gambling site. ...continue reading Beating the Casino House Edge