How Does The Casino Win Money From You?



Many people who know little about online casinos think that the casinos cheat when they extract the money from their customers. The truth however, is very different. The online casino is a business like any other and hence, they have a way of earning from each member that plays their casino games. They do not cheat the casino players out of their money - they just have a percentage out of the whole business just as any other business would have. This is what it known as the House Edge. Some call it the Casino Advantage. Nothing personal - just business!









How Do You Calculate The House Edge?



There are two types of casino odds that concern you � one is the casino odds that you take on any bet. For example, the casino odds that you get when you bet a dollar which would get a dollar when you win the bet � these would be known as true odds. Now when you win, the online casino would pay you your winning after cutting out of it a certain tiny percentage, say for every one dollar they would pay you 95 cents. This is what you would call the odds that the online casino would pay you. The difference between these two sums will give the house edge or the casino advantage.



All the house edge amounts are fixed except for the video poker and the blackjack which usually comes free of house edge if the casino player is skilled and rules of the table are favorable. This is because every time a card comes up the whole set up changes and so do the casino odds.



However, with the other casino games (roulette, craps, blackjack, etc) the casino odds are mostly tipped towards the house and hence you need some very strong strategy to be able to win over it. This is because the chance games have a fixed percentage based on the spin (roulette) or the dices roll because these never change the outcome. The fact remains that there will always be the same total numbers on roulette as there would be on dice and that makes the whole difference.



But this does not mean that you would only loose when playing craps, roulette, etc. Rather, that the maximum casino odds are against you. With the right playing strategy you would be able to fight the casino odds and work out ways that would give you an edge over the house. However, if you plan to plan to long, the house would be profited more.

By: Online Casinos Games & Online Gambling Team

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The article' s source is one of the best online casinos guide Online Casinos Games & Online Gambling

The page for this article is: Understanding the House Edge