What Casino Game Has The Lowest House Edge?
What is a House Edge?
In any casino game, the dealer or casino has an advantage over the player. This is known as the house edge. It's calculated as a percentage and is simply the advantage a dealer has over a player. Any casino is in the business to make money. No matter what game you play, the odds are always going to be in the dealer's favor. It doesn't mean you won't win, though. In addition to the house edge, casinos and casino game developers also pay close attention to return-to-player (RTP) percentages. This is the amount of money that's returned to players over time. That period of time may be the entire lifespan of a video slot machine or a full year. In some states, the RTP must meet state laws. If a state requires casinos return 80 percent of the bets they receive each year, the games must be designed so that at least 80 percent of the bets are won by players over time. Say a casino takes in $10,000 each day in wagers. In 30 days, they've collected $300,000. They have to return 80 percent to players over time. That means, the casino gets to keep $60,000 and the rest is returned over the long-term through normal payouts and jackpot wins. What's important to remember is that the RTP percentage is long-term and is spread out among all players who come to the casino. You could bet $1,000 during your time at a casino and never gain a penny. If you keep playing each day for years, you may win, but you're still very likely to spend more than you ever win back.Why is the House Edge Lowest in Blackjack?
In general, Blackjack has a house edge of 0.5 percent. It's likely than on almost every hand, you'll win some or all of your bet back. You may win more than your bet, which is always nice. For this reason, Blackjack is a great game to choose if you are okay with winning a small amount regularly. You could win a jackpot, especially when you play progressive jackpot Blackjack, but you're relatively certain to win back a small amount. I played 10 hands of Classic Blackjack at Liberty Slots Casino to give an example. I bet the minimum $2 each time for a total of $20 in wagers. Here's what I won:- #1 – Win $4
- #2 – Loss
- #3 – Loss
- #4 – Win $4
- #5 – Loss
- #6 – Loss
- #7 – Win $4
- #8 – Win $4
- #9 – Blackjack $5
- #10 – Win $8