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Improve Your Odds of Winning by Knowing Which Games Have the Best Odds

Improve Your Odds of Winning by Knowing Which Games Have the Best Odds

In recent years, online gambling has increased in popularity among gamblers around the globe. The size of the global online gambling market is projected to rise to $94.4 billion by 2024. Before wagering on casino games online, you must know some basic rules and the odds offered by each game. Read on to know the odds offered by some popular online casino games.

The house edge and payout percentage

Before gambling in any online casino with real money, it is important to know the house edge and payout percentage. The house edge is also known as the casino advantage. It is the percentage reflecting the advantage that the online casino has over the player. It indicates the average loss to the original bet, making it easier for the gambler to estimate his expected losses during the gaming session. The higher the percentage of odds, the larger the advantage for the online casino. For instance, if you wager $100 on a casino game with 4% house edge, you could expect to lose $4.

The payout percentage applies to online slots and it is similar to the house edge. It is the average amount of money that will be returned to you in the form of winnings, compared to your wagered amount on the game. For example, if you wagered $100 on your favourite online slots with a payout percentage of 90, you will get $90 on winning.

Casino games with the best odds

Below are the three best games to play in online casinos. They offer some of the best odds and can increase your chances of winning a huge amount of money.

Blackjack

Blackjack is a game of cards and it is played with a deck of 52 cards. The game of Blackjack offers decent odds of winning. The objective of the game is to beat the dealer by reaching a final high score without exceeding 21.

Blackjack involves the element of luck and skill. The house edge of the game is normally below 1% and it can sometimes be as low as 0.13%. The odds of winning in the game of Blackjack are 49 per cent.

Roulette

Roulette is a casino game in which a ball is dropped on to a revolving wheel with numbered compartments. There are numbers from 1 to 36 and a 0 on the wheel. The numbers are coloured red, while the zero is marked in green. You can place bets on Roulette in a number of ways. The simplest way is to bet on whether the ball will fall in the red or green compartment, which has odds of almost 50/50. You can increase the payout by betting on a specific number or a group of numbers.

Craps

Crap is a dice game in which the gambler makes a wager on the outcome of the roll. It may seem like a complex casino game at the start, but it is quite easy to master. The game of Craps offers a low house edge and can potentially return a higher payout. The average house edge is 1.2% but some casinos can offer as low as 0.60%. If you bet whether or not the shooter will win, your odds are almost 50%. You can increase the payout by making more specific bets.

Casino games with the worst odds of winning

The below two casino games have the lowest chances of winning. They are very easy to understand and require little or no skill to play.

Wheel of fortune

Wheel of Fortune is also called as the Big Six Wheel and it can be found everywhere from amusement parks to land-based casinos. The wheel is divided into a number of equal segments separated by pins or spokes. Each segment of the wheel is associated with a number. The dealer spins the wheel and the pointer indicates the winning segment. The pointer is mounted on a piece of leather, which also rubs against the spokes to slow down the wheel.

The game offers some of the worst odds of winning. The odds are 54:1 and the house edge can go up to 24.07%.

Slots

A slot machine is a gambling machine that creates a game of chance for its players. Its standard layout is a display with three or more wheels which rotates when the lever on the machine is pulled by the player. The odds of winning a handsome amount are extremely high. The odds can be as high as 1 in 49,836,032.