Online Gambling House Edge

Whether you’re gambling on a computer, on your phone, on an iPad, or in a land-based casino, you’re going to hear the term “house edge” quite a bit, but what exactly is it? Essentially, it’s the advantage that the casino has on those who play their games.

Every casino game has its own house edge, so before you play, it wouldn’t hurt to know what it is for the game you’re interested in. For example, American roulette has a house edge of 5.26 percent at online gambling sites. Slot machines have a wide range that can go all the way up to the double digits.

Gambling House Edge

Let’s use a house edge of 5 percent just as an example. This means if you’re putting down a dollar a bet, you’re going to get back about 95 percent of that money in some way (on average) with 5 percent being the online gambling house edge when playing casino games from home or mobile devices. This breaks down to you getting back an average of 95 cents of that dollar but losing about 5 cents. For $1,000, it would break down to $950 and $50 on average. Keep in mind that this is the average and it happens over the course of your bets.

Basically, knowing what the house edge is on each game can help you determine what the average loss would be if you play a particular game and what the casino could get on average. The more knowledge you have about the casino games you play, the better. A good way to look at gambling is to assume that, as the saying goes, the house always wins especially in desktop casinos over mobile casinos. However, consider any money you win a great thing while you have a fun experience.

November 9, 2015 by : Posted in 2016 No Comments

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