Gambling Secrets: What operators don’t want you to know about casino odds.
The secrets of gambling run deep. Many professionals have uncovered the truth about casino odds, and are able to win on a fairly regular basis because of it. Others make up the majority of casino goers, and are generally the ones padding the pockets of gambling operators worldwide.
5 Gambling Secrets Casinos Don’t Want You to Know
Every gambler, from the casual, once-a-year player, to veterans and pros, knows this… “you win some, you lose some”. How often you win, and how much, is dictated by a mixture of luck and true casino odds. How much the casinos wins, however, is dictated solely by the odds, and they are always in the casino’s favor. Which brings us to or first item of interest…
#1 True Odds vs Paid Odds
Have you ever noticed some wagers pay out a strange amount? A natural blackjack, for instance, might pay 3-to-2 or 6-to-5. A winning Banker bet in baccarat requires a 5% commission, bringing the payout to 0.95-to-1. There’s a reason for this oddity in payouts. If the true odds of a bet favor the player, or come near enough to it, the casino alters the payout odds so that the casino still has the advantage, aka the house edge.
#2 House Edge Guarantees Casino’s Profit
The casino is always going to make a profit. The house edge, no matter how big or small, serves to guarantee this. If you’ve ever been lucky enough to hit a substantial win, or seen someone else do it, you may have thought, ‘Ha! The casino didn’t win today!‘ That’s not really the case. For every gambler who gets lucky, there are many more who don’t. Their losses paid your win, and the casino’s profit at the same time.
#3 House Edge Size Matters
The size of the house edge does matter. It won’t ever be in your favor, but some games have a much lower house edge than others. Playing these games will certainly decrease your odds of losing a large amount of money. Playing with a strict and proper strategy, combined with a bit of luck, and knowing when to walk away, is the easiest way to leave with a profit.
#4 Games with the Best Casino Odds
The games that offer the best odds – the lowest house edge – are blackjack, baccarat, mini-baccarat and video poker. Play the right games, with the right strategy, and the house edge will be less than 1.5%. Pay attention to the rules and payouts, though. In 21, make sure a natural blackjack pays 3-to-2. In video poker, games like All Aces and Jacks or Better Full Pay are best. The lowest house edge in baccarat is on the Banker bet, so stick to it.
#5 Don’t Be a Sucker for Keno (and Other High Edge Games)
One of the best kept secrets of gambling is just how terrible the odds are in keno. It is the worst game you can possibly play. You might as well buy a ticket for the national lottery. The house edge in keno is abysmal; as high 25-50%. This is the casino’s bread and butter, and they love nothing more than to see players betting on it. Other terrible house edge games include progressive Caribbean stud poker, let it ride, red dog, progressives slots, penny/nickel slots, and any wheel game (big wheel, money wheel, wheel of fortune, etc.)