How do players find out the house edge? Which bitcoin casino games have the lowest house edge? Here is the information you need to make the most of the money you put down.
What Is House Edge?
The House Edge is the way a casino ensures that it makes money on each game. Casinos are businesses, and businesses need to generate income in order to operate. Casinos do this by building a profit into every bet. This profit can be calculated by percentages, called “player return” or “house edge.” If you bet the casino a dollar, the casino can pay you 95 cents to your dollar, giving you a player return of 95% and the casino a house edge of 5%. Over time, these percentages add up, while still keeping players happy. 5% is not that much to you when you are raking in extra cash.
Traditional casinos have a house edge range of 3% to 15% depending on the game. Bitcoin casinos typically average at 0.05% to 3%. The house edge is significantly lower in Bitcoin casinos because Bitcoin does not require the same administrative costs to operate as traditional currencies. Bitcoin casinos have lower administrative fees, allowing them to lower their house edge.
This is good new for players. With a house edge almost guaranteed under 3%, players make more on their investments than their peers in standard online casinos. It is still a good idea to look for Bitcoin sites with the lowest possible house edge. Every percentage point matters when it comes to your wallet.
How To Find Out The House Edge Of A Game
A reputable Bitcoin gambling site should tell you exactly what the house edge is for each game. Players can find the house edge by clicking on the game they want to play. The house edge should be easy to find. Some sites have it posted in clear sight, while others link it to the game rules. If the site does not advertise its house edge, be wary about playing. The low house edge is part of the appeal of Bitcoin casinos, so if a site is not using that as a selling point there is a reason. Sites that hide their house edge typically have a higher house edge, which is why they are reluctant to reveal it.
Games With The Lowest House Edge
Even in the world of Bitcoin casinos there are still games that provide players with better odds. Typically the house edge variations correspond to traditional casino games. Games with a low house edge in a traditional casino will probably have a low house edge in Bitcoin, except that the difference between traditional games and Bitcoin is a few percentage points. Games like blackjack, dice, baccarat, and video poker have lower house edges than games like slots, wheel of fortune, and roulette.
Blackjack
Blackjack has one of the lowest house edges in online gambling. Many Bitcoin casinos offer a house edge of 1% or less. Blackjack is also a simple game of chance, with high odds of winning, making it a fun and profitable casino game. Blackjack pays 2 out of three hands, so it is important to make sure the player return is high.
Dice
Dice has a low house edge in traditional casino play, and this holds true for Bitcoin casinos as well. The house edge is typically around 1%. Some sites advertise lower percentages. Make sure you investigate the reputation of a site advertising zero percent house edges prior to playing.
Baccarat
Baccarat offers a competitive house edge of 1% for a clear win and up to 15% house edge for a tie. The clear win offers an excellent player return. The tie at least offers a payout, even if 15% seems steep.
Poker
Bitcoin poker boasts a house edge (rake) of roughly 2.5%. There are quite a few Bitcoin poker sites around now, and the house edge varies slightly from game to game. Poker is a game of skill rather than chance. It is possible to tighten up your game enough to lower the house edge in some poker games.
Video Poker
Video poker's house edge also hovers around 1%. Like live poker, it is a game of skill, and it is possible to rake in a higher player return.
Craps
The house edge in craps varies based on the bet. The house edge can run from 1% to 16% in traditional casinos, and some Bitcoin casinos see comparable percentages. Others offer a guaranteed base payout of 99% and higher.
Keno
Keno averages a 99.5% return to the player, making the house edge 0.05%. Traditional casinos' house edge averages between 25% and 29%. Some Bitcoin sites have a higher house edge than others, but overall keno fans will love the advantage Bitcoin casinos give them.
Wheel Of Fortune
Wheel of fortune games see house edges that vary based on the bet. The lowest house edge a player can expect to see averages at 3%.
Slots
The house edge in slots hovers closer to 3% than 1%. Players who enjoy slot games should expect a to pay a higher house edge.
Roulette
With American roulette averaging at 5% and European roulette 3% in favor of the house, roulette holds one of the highest house edges in Bitcoin casinos. There are casinos that offer better odds, but they can be hard to find.
Miscellaneous Casino Games
Online casinos offer more than traditional table games. There are many enjoyable alternatives to cards for players eager for something different. These games work the same way when it comes to house edge. Most have a house edge significantly below 3%. Check the house edge of each game before you play. Remember, if it is not advertised, there is probably a reason.
How To Choose?
Each Bitcoin site has a slightly different house edge for each game. Look at a few before you play. It may make sense to register for several sites, taking advantage of the games with the lowest house edge on each site. If you prefer to play at one site, look for a site with an overall lower house edge and a good reputation.