slots<\/strong>, roulette, keno, all table games except blackjack, and most video poker games.<\/p>\n\nHere’s how the casino advantage relates to cash wins and losses.<\/p>\n\n
If you multiply the casino edge by the total amount you wagered, the resulting number is the casino’s average revenue. This is also the average amount you lose. The important thing to remember is that the casino edge applies to each bet, not just the total amount of your money.<\/p>\n\n
You may have $200 to play with, and you will bet $10 to play the game. If you play 100 hands, you would bet a total of $1,000. In this example, you multiply $1,000 by the casino edge, which is the average number you lose.<\/p>\n\n
Therefore, if you bet on a draw, you will lose over $140 on a $1,000 bet. In contrast, the average loss for the same $1,000 bet on the bookmaker’s hand is only $10.60. The expected loss per $1,000 bet on the player’s hand is $12.40.<\/p>\n\n
It is important to understand that in a few hands, you may lose or win more than expected based on the casino advantage. If you play a hand of baccarat <\/strong>and bet $20 on the dealer’s hand, you will either win $19 or lose $20<\/p>\n\nThe mathematical calculation of the casino edge is that in the long run the casino will make the right amount of money. Casinos don’t worry about the short term because they know that if they place millions of bets, the casino edge will generate steady profits over time.<\/p>\n\n
This also means that the more you play games with a casino edge, the faster the casino will drain your money. This is why it is so important to play games with a low casino edge.<\/p>\n\n