Casino House Edge 101: What Is It and How to Calculate It?

The house edge is a small advantage that gambling establishments have, but it’s still possible to win big!

That means the percentage of money lost is not based on the total bet–that’s good news for users of online gambling apps. The indicator shows the average loss in relation to the initial bet. This helps the player to have a better understanding of how much money they can potentially win during a gambling session.

People say, “The house always wins,” because the percentage is sky-high, but that doesn’t mean you can’t have fun and possibly win big! If the house advantage in a game is only 0.28%, a player betting $100 can expect to lose only 28 cents on the round. The exact stake in a wager with a house advantage of 4% would result in a loss of $4, and that’s not bad.

That may not seem like much money for a gaming app, but keep in mind that they are always open. The gambling establishment makes 0.50 percent an hour here and 12 percent there–it adds up to a hefty profit.

We’ll be exploring how (and why) the house always comes out on top and learning about the calculations behind it.

What Does the House Edge Really Mean?

A good way to think about the house edge is to view it as the casino’s profit margin. While some players may experience short-term success, the casino will always come out ahead owing to the inherent mathematics of the games itself.

And the casino isn’t cheating–it’s just using its math degree to its advantage. Many online casinos provide information about their game payouts on their websites, which allows players to know the advantages of each game.

For those who need a concrete example, consider this: if you bet $100 on a game of Roulette, the house edge is 2.70%, or $5.26. The casino will still take 5.26% of all bets from most players, no matter what you win that particular night.

With a large enough customer base, it becomes clear how casinos make most of their money–this fixed rate is similar to what gamblers pay for admission to casinos.

How to Calculate the House Edge

By comparing the house edge of different games, you can identify which gives the best returns to players in the long run. From the player’s perspective, the house edge is useful since it reveals which games provide the best chances of winning.

Naturally, the long-term payouts of games with a higher house edge will be smaller than those with a lower house edge. You can protect yourself from the casinos with an unfair edge over you by taking advantage of this freely accessible data.

This advantage is inherent to the games rather than predetermined by the casinos. As a result, it doesn’t matter how strategically you use your money; the house edge is always there in casino games.

When you want to figure out where the house’s edge comes from, all you have to do is compare the real odds of something happening with the amount the house will pay out for it.

Let’s look at fixing a prediction of a single number wager as an example:

• Using this fundamental theory, you can calculate the house edge for each bet in American roulette.
• The initial five-number bet (available exclusively on American roulette) is the defining feature. The house edge on this wager increases to 7.89%, earning it the nickname “sucker” in the gaming world. Therefore, you should never make this kind of bet.

Final Thoughts

The aim of the house, whether in roulette, casino games, or sports betting apps, is to provide an exciting and engaging experience for gamblers. They have a chance to win their initial bet and potentially go on an amazing winning streak. As they continue to play longer, the probability of winning also increases.

Casinos provide their customers with complimentary drinks and rooms to make their gambling experience more enjoyable. Dear readers, remember that every game has a chance for a win and a loss. Keep a positive attitude and enjoy the experience. You have a chance to beat the odds, whether by choosing the right number in the roulette wheel or making informed decisions in sports betting.

Remember–the house edge is just one of the variables to consider when placing your bets!

A Look at the Martingale Betting System – Does it Work?

The Martingale strategy is among the most well-known and long-standing betting strategies. Since there are no intricate equations involved, it also happens to be one of the simplest to master–the mathematics involved is elementary, and the process consists of only a few fundamental steps. 

The Martingale is a negative progression method in which the bettor raises his or her bet after a loss. The idea is that you will eventually win a wager and that the odds of losing several in a row are minimal. This reasoning, no matter how convincing it first appears, is flawed. 

The majority of gamblers have likely given the Martingale strategy a shot at least once–this is likely due to the system’s apparent simplicity and the fact that it looks effective at first glance.

There is no assurance that this strategy will work any better than any other kind of progressive betting. In reality, it may be one of the riskiest methods available! If you read this post, you’ll see why. 

We’ll dive deep into the system, breaking down how it operates and why it doesn’t work and providing details on several alternative takes on the Martingale strategy. 

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The Martingale consists of that–any amount can be used as the base unit, although it is wise to keep it low for factors that will become obvious later!

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The underlying idea is the belief that by doubling up, you are going to win and cover all of your losses, making a one-base unit profit.

It makes no difference how many consecutive bets you lose or how much your starting unit is worth. If you stick to the strategy, every winning bet will result in a gain of exactly one unit.

This is the typical response of newcomers to the Martingale strategy, who regard it as a foolproof method to win big at the casino on online betting apps. But as you’re about to see, that’s not the case at all.

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The Martingale betting strategy has a major downside: the needed stakes can quickly become quite expensive if there is a string of losing bets. Using the same $5 initial investment as before, let’s explore how quickly your bankroll can dwindle if you lose six consecutive bets.

If you’ve lost the last six bets in a row, which is very possible, you’ll need to put down $320 on the following one. That’s $64, and you’d be down $315 already from your first wager. You might think you have a lock on the following one, but there’s actually very little chance of that happening–no matter what happened previously, there is still a 50/50 probability of success.

If you were to lose the following one, your loss would increase to $635. In addition, your next bet would need a $640 investment. It’s possible that you’ve blown all of your money! If you haven’t already, even one or two more losses might be very costly–you might end up exceeding the maximum bet for the table and having to fold.

The Martingale strategy loses money in this situation–if you have an endless bankroll and play in a gambling establishment with no maximum bet, then this technique works well, but you will eventually run out of cash or need to bet above the table limit if you use this strategy for a long enough period of time. Even if you manage to reduce the loss and restart, you will have lost any money you have made up to that point.

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Final Thoughts

As you read this, you might be thinking that it’s unlikely that you’ll be on a losing run for long enough to bring about problems, but it is a possibility. In reality, it’s far more common than you realize! Every bet has the same one-to-one probability of success despite previous results. 

So we don’t recommend using the Martingale strategy, as the prospective rewards aren’t worth taking such a high risk to obtain. Remember that the maximum gain from a winning bet is one base unit.

If you are determined to try it out, we advise playing for free on an online gambling app a few times before moving forward–that way, you can see for yourself and decide if it’s worth the risk!

How to Become a Live Dealer at an Online Casino

Since live dealer casinos have become so popular, a lot of people are interested in learning about what is involved to get into the industry as a live dealer! In this helpful guide, we’ll break everything down for you so you understand all you should know.

We’ll discuss what it means to be an online casino dealer, how you can become one, and how to increase your chances of landing live dealer casino employment when job opportunities pop up.

But before we move on, let’s first define exactly what a live casino dealer is and what the job entails!

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Take a look at what else the dealers are doing by playing at some live dealer casino apps–they’re job is to both manage the games and keep the participants entertained. It’s part of the job to talk to customers, tell them jokes and anecdotes, and express appreciation for their tips.

Lastly, register for a training program for live casino dealers. They aren’t like classes you’d take at college or university–you can avoid the trouble of commuting to a campus and take them online instead! In the competitive employment market for online casino dealers, having taken and completed a live dealer casino training program on your resume is a definite plus.

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Visiting websites of live gambling providers like Pragmatic Play and Evolution.com are other options–anytime they launch a new game studio is when they’ll be posting job ads. Due to the rapid growth of the online gambling sector, there are a lot of live dealer job openings available on a regular basis.

Live online casino dealer jobs tend to pop up on job search websites such as Indeed.com or Jooble.org. One of the advantages of these websites is that you can upload your resume and submit applications for multiple jobs without having to do it manually every time. And the more applications you send out, the better your odds of getting hired.

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Online staffing organizations report that a live dealer at an online casino is projected to earn between $35,000 and $50,000 per year. Experience, shift, and venue all play a major role in determining hourly pay, which can range between $9 to $23 an hour.  

The money that the live dealers earn, however, is higher than what dealers at traditional casinos make! The reason for this is that players are more inclined to leave tips for dealers working in brick-and-mortar casinos as opposed to those working in online establishments.

While the option to tip live dealers at online casinos is relatively new, it has yet to achieve the expected results. Americans, who have a reputation for being good tippers, are not as inclined to give money as a bonus to live online dealers–it is much more intuitive to tip someone you’ve met in person than it is to tip a dealer you’ve only seen on a screen. Things are beginning to shift, though, and live dealers are able to earn more through tips.

Are Online Casinos Rigged? – A Deep Dive Into Online Casino Legitimacy

Feeling anxious about using an online casino for the first time is totally normal—after all, you’re putting your own cash on the line at websites you’ve never used before. Plus, it’s hard to shake off those nagging doubts—are these online casinos fair, and can you trust them? Do they use underhanded tactics to make sure you don’t win? It’s a lot to think about! But don’t worry; we are going to get to the bottom of your worries and answer the question once and for all—are online casinos rigged?

The short answer is no, as long as the online casino is part of a reputable network that complies with all applicable laws and regulations! We will go over the facts about online casinos and dispel some of the fiction you may have heard about virtual casinos so you know exactly what you’re dealing with when you gamble online.

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Yes, the famous saying is “the house always wins.” Regardless of how much money players win or lose, the casino always comes out ahead of all winning players because of the calculated edge or advantage. If you think you can beat the casino, you might want to reconsider your career as a “professional” gambler.

We’ll walk you through all the steps involved in verifying an online casino’s compliance with local laws and regulations so you can feel safe playing virtually—even if you don’t win big (although we hope you do)!

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Check out the following list of what you should be looking for when choosing an online casino:

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But like we said, it is in your best interest to read the security policies of an online casino closely before giving them your payment info.

An online casino’s records can provide an overview of its strategy for dealing with safety and security issues, so checking reviews for complaints is another way to find out how it handles security and possible breaches.

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There is a built-in mathematical advantage in every game provided by the casino, whether that advantage is in coding or construction. You may be more familiar with this pattern by its other name, “house edge” (the return to the player is the inverse of the house edge).

Let’s say, for example, a game of blackjack—the house edge remains at 0.5% even if you follow the most reliable plan and play every card correctly. Despite the fact that this may seem like a small part, the casino will still make a profit of 0.5 cents per $100 wagered. Those few cents add up to a lot of money over time!

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The two most typical scams in online casinos are RTP and RNG manipulation.

A game’s return to player (RTP) indicates the amount of money you could expect to make from it over time. For example, if the game’s RTP is 96%, you can expect to win $96 for every $100 you wager.

This number is an average amount, and players’ actual returns will naturally vary depending on their individual luck. This is to be expected; after all, slots are games of chance, so the most important thing is to make sure you are not cheated out of your money.

Manipulation of random number generators (RNG) is another scam in shady online casinos. All casino games must use a random number generator to provide truly unpredictable results. However, fraudulent casinos can change the random number generator (RNG), eliminating any chance of random success.

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Takeaways

We are well aware of the existence of shady online casinos and will do everything in our power to steer you away from these places. If you only play at online casinos that are verified and legitimate, you can relax and have fun armed with these facts vs. fiction about rigged online casinos!

5 Signs That It’s Time to Take a Break from Gambling

It’s about as surprising as saying water is wet, but gambling can indeed turn into an addiction. One could argue that even if you’re not fully held captive by your habits, there might be subtle hints that it’s time to take a break from gambling.

We are certainly not here to rain on anyone’s money parade or be ethical authorities. For those who indulge, it’s a fun and exciting pastime! Most can keep their gambling under control, but for some, it becomes more challenging to recognize when to stop.

Addiction to gambling is treatable, but a fundamental step is admitting there is a problem. We will look at five signs that your gaming could be getting out of control, and it’s time to step away from the tables, phone, or for the old schoolers, your bookie.

1. It Stops Being “Fun“

Unless you’re a professional gambler, then it’s supposed to be fun–when your obsession with betting outshines your love for the game, you need to call a timeout.

Betting for real money shouldn’t disrupt your regular routine–you shouldn’t base your budget on the outcome of a Saturday soccer game in Argentina. If the results of the matches you’re betting on are beginning to impact your life beyond your financial resources, you should consider taking a break from gambling and examining what’s happening.

You’re going dangerously close to gambling addiction the first time you find yourself making a specific choice in life and considering how gambling fits into the equation. If it stops being just recreational and starts interfering with your life, a break from gambling is necessary!

2. You Begin to Hide It

The sense of community among gamblers is a major draw to the betting world. We know that it might be irritating to listen to everyone else’s betting predictions all the time, especially if you don’t engage in the activity yourself. However, for true sports fans, this is all part of the fun!

If you’re a regular betting at sports, you’ve probably yelled louder than usual during action on TV to make it clear that you have something at stake. The moment you feel shame for displaying something like this is a signal that you need to change your bettin’ ways.

It might be as simple as gambling in secret, or it could include placing a wager while using the restroom or somewhere else where no one can see what you’re doing. However, if you’re to the point where you need to bet covertly, you probably already have a gambling problem. It’s common for people to want to hide their problems rather than face scrutiny, despite the fact that doing so might lead to much worse outcomes.

Another sign is when friends or family members voice their concerns about your gambling–people usually don’t express their worry without a valid reason. It might be difficult to acknowledge a compulsive behavior when going through it, even if you feel like you have everything else in your life under control.

If you feel like you need to hide your gambling from loved ones, you may have a severe issue on your hands, and it is time to take a break from gambling.

3. You’re Using Bill Money for Gambling

By “bills,” we refer to any essential expenses such as utility bills (water and electricity), rent, credit card payments, and even basic necessities like groceries.

Never put off paying for necessities so that you can afford to gamble. Even while you may be able to rationalize the thought process behind it–you lost a lot of money gambling; the only way to remedy the problem is to win a lot of money gambling–in practice, this never ends well.

If you are faced with a choice like paying your rent or re-upping your balance on your favorite online betting app, that’s not a position you should be in! Don’t simply consider the long-term impact on your bank account; broaden your perspective. Gambling can have serious psychological and emotional consequences in addition to financial ones.

There’s a chance you won’t ever get to a choice like this if you take gambling out of the equation.

4. You Are Chasing Your Losses

We touched on this above; to “chase losses” is to increase one’s gambling after losing money. If someone feels compelled to get vengeance for a loss by winning, it may indicate that their attachment to gambling has become problematic, and it’s time to take a break from gambling!

Gamblers are not immune to “mind traps” or beliefs like the “gambler’s fallacy” that cause a skewed perspective. For instance, believing they are “owed a win” because of the karmic gambling gods, they should bet again.

All of this noise masks the truth that your odds of winning haven’t changed!

5. Gambling Beyond Your Financial Means

When gambling responsibly, you should know how much money you are able to lose if your bets don’t pay off.

If you use a gambling app and stake $150, for instance, you should be okay with losing that much money since you know you’ll quit playing after that.

By doing this, you can manage the level of risk you are exposed to and minimize potential losses. Without setting limits, it can be easy to overlook your actual spending. If you lose the money you require to cover your other expenses, having fun can quickly transform into feelings of guilt.

Final Thoughts

Thanks to the proliferation of mobile gambling apps, we appreciate how convenient it is that people can now gamble without having to leave the comfort of their homes. You don’t have to schlep to a casino–you can just download an app!

However, now that it is easier than ever before to do so, we worry that it may become a problem for certain people.

Many gamblers are likely to develop friendships with other gamblers–by watching out for each other, you can steer clear of the potential risks that come with the ups and downs of gambling.