Casino

Look at the game of Roulette. You will see that the house edge is 5.26% for the double zero game. This is how we figure the edge. In the game there are 36 numbers plus the 0 and 00. The odds of you winning is one in 38 or 37 to 1. If you win the casino pays you 35 for your dollar bet. You keep your original dollar, and are paid an additional $35 returning $36. The difference is two dollars (38 minus 36). Divide the $2 by 38 which is the true odds and you come up with the house edge of 5.26%. So you could actually cover all the numbers on the layout and still lose money.

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Blackjack is in a different category because every time a card comes out of the shoe, it changes the make up of the cards remaining. The advantage can shift from player to house depending on which cards have been played and the Skill in which you play your cards.. Video Poker also is based on skill. If you play the perfect strategy, there are actually some games that have a positive return based on their pay table.


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