Understanding House Edge – How to Increase Your Online Winning Chances

The popularity of online gambling continues to scale up despite the coronavirus pandemic. Beginners in the industry are mostly intrigued by accessibility and the fun factor in games rather than profits.

However, as one gains experience, they learn about online gambling techniques and know the necessary skills required to turn chance into money. One such skill is understanding the house edge in online casinos and how it works to benefit you in the long run.

House edge is an in-built advantage system that works in favor of casinos. It is administered by dealers to ensure they benefit from games. The house edge of a machine, for example, shows the chances of the device winning over the player. The higher the house edge, the higher the chances of the player to lose.

You should, therefore, look for the lowest house edge when seeking to maximize profit. This article covers all you need to know about house edge and how you can use it to increase your chances of winning in online casinos. After learning some viable gaming strategies, you can apply such tactics in the best paying online casino games in 2020 at playigo.com to generate daily profits.

How Does the House Edge Work in Games?

Most people presume that winning in gambling is mostly determined by luck. To an extent, this is true. However, skilled gamblers know that house edge, among other enabling factors, play an essential role in helping consistent players accumulate a sizable bankroll in the long run. Naturally, some games are easy to win than others; otherwise, why would casinos collect varying fees for different games? This is the reason why knowledge of house edge is vital for any gambler.

The house edge in a game is the victory probability of a dealer, such that if you play a game in which three outcomes may result, the following might happen. The game might result in cases A, B, or both. If the player wins (A), they pocket the casino’s stake. If the vice versa happens and the casino wins (B) in another round, the casino takes the whole prize pool, including the player’s stake.

In such a case, the casino may increase the house edge by declaring that both cases’ occurrence becomes a win for the house. Without increasing the casino’s winning probability, the game would be pointless as prizes would be moving between the player and the dealer.

How to Play Around House Edges

You are probably wondering if you can avoid a house edge entirely in online casino games. The less complicated answer is no. Casinos and other dealers depend on the house edge to sustain their businesses. You may, however, increase your skills and tricks to increase your chances of winning. A typical casino has various games with varying house edges.

Some have house edges as low as 1%, while others have more than 5%. Games with more than 5% house edge are quite expensive, so it would be best to bet on games with a lower house edge of around 3% and below.

Online Casino Game Options with Low House Edges

Blackjack– If you love to take control of your profits and invest your energy in ensuring continuous wins, strategy games like blackjack should top your list of favorites. Blackjack is a beloved classic casino game that is flexible to different strategies. With a 0.5% house edge, blackjack is a hot cake in the casinos.

Video Poker– Despite the broad category of video poker versions available today, none impresses professional gamblers more than those tried and tested and proven to be profitable. The Jack or Better versions offer some of the highest winning probabilities. Moreover, the games use simple strategies that are friendly to all gamblers. These versions have a 0.46% house edge.

Poker– Although poker’s house edge is not measurable due to its variance, it is essential to mention that it is one of the most popular casino games globally. Many professional gamblers invest enormous amounts in it. Poker offers a fixed house edge since the dealer does not participate directly in the game—the dealer charges according to pot sizes when issuing cards and chips.

European Roulette– As one of the oldest games available, roulette’s popularity qualifies its inclusion in our special list. Roulette can be played in two different versions: the American and European roulette. The difference lies in the number of zeros each one uses. The American roulette provides the option to choose between either two zeros or one, while the European roulette uses a single zero. The European version is the most profitable with a 2.7% house edge, half the American house edge.

Other profitable games include slots with a 2.8% house edge, craps with a 1.4% house edge, and Pai Gow Poker with a house edge of 1.5%.