What is the House Edge?
There are hundreds of games available at online casinos and these include table games such as Craps and Roulette, card games such as Poker and Blackjack, a range of different slots which have progressive jackpots and Video Poker. For online casino players from Canada playing online casino games should be enjoyable and players will choose casino games that they most enjoy. All online casino games have a mathematical advantage which is known as the house edge.
The house edge is a percentage that an online casino would keep from each player as they place bets on online casino games. Every casino game will have a house edge and this will differ depending on the country and the online casino being played at. The house edge can vary and players are always on the lookout for ways to beat the house edge by making use of strategies and gaming skills. The house edge is not in place to stop players from the big wins, but this mathematical advantage increases in the players favour if the particular online casino game has a weaker house edge.
The House Edge and Online Casino Games
The following list offers how the house edge works for popular online casino games. Bearing in mind that these are average figures which will differ depending on the online casino and country.
Online slots usually have a high house edge and even though online slots are very popular and the winnings are generous these games are programmed in such a way that a percentage of the winnings go back to the online casino. The profits that these casinos make from slots are significant and the house edge of online slots can range anywhere from 3% to 15%.
Video Poker is a combination of online slots and Poker. This is a popular casino game and offers Canadian players a low house edge of about 0.4%
Popular versions of Poker, Caribbean Stud, 3 Card Poker and Let it Ride, have a house edge which is considered as medium to high and can vary from 3% to 10%.
One of the most popular online casino games is Blackjack and the house edge will differ from those who play Blackjack with a strategy to those players who are playing Blackjack for the first time. The house edge for online Blackjack ranges from 0.28% up to 5%.
When it comes to Roulette Canadian casino players will find that the house edge differs depending on which variant is being played. European Roulette which has one zero has a house edge of 2.7% and this figure is standard no matter where the bet is placed. American Roulette has two zeros and has a house edge of between 5.2% and 5.4%.
When it comes to playing Craps Canadian players will find that the house edge is determined by the type of bet and can vary from 0% for odds bets up to 12% for a hard bet. A sevens bet will have a 17% house edge.
A popular game of chance for Canadian players is Baccarat and because it is a game of chance and no skill is needed to play the house edge is usually very low ranging from 1% to 1.5%.
Keno is like playing the lottery and because this is an online game of chance and because the chances of a win are usually not good the house edge is high ranging from 25% to 30%
Understanding how the house edge affects online casino games will enable players to make well informed bets and increase the odds of a win.