Odds Of Winning At A Online Casino

Roulette wheel Photo by Christopher Furlong/Getty Images

  • Your odds of winning are better than this, as you can hit five bells, five whistles or five of any other set of symbols, so on this machine your odds of any set of five are actually 5 x 0.032%, or 0.16%. So once in every 625 spins of this hypothetical machine, you’ll hit your set of five identical symbols for the jackpot.
  • Online Casinos. Online casino gambling is still fairly new. The first online casino opened in 1994 and the industry has been growing steadily ever since. In this day and age, a casino information site would not be complete without a discussion of land-based casinos, along with the online.
Winning

Spending a weekend gambling in Vegas may be fun, though you’ll probably have an even better time if you win big at the tables. If you’re hoping to beat the odds at the casino, the game you choose to play matters. You’re more likely to come home a little bit richer if you sit down at the blackjack table rather than settling in with the gray-haired set at the slots.

What are the online gambling basics? If you have never gambled online you are probably bewildered by how to get started. Online gambling is still a relatively young industry and as such there are still many less than reputable casinos.The good and the bad are still fiercely elbowing each other for market share.

It all comes down to math. Amateur gamblers may hope luck is on their side when they walk through the doors of the Bellagio or Caesars Palace, but what they really need to think about are the odds of winning at different games. While the house always has an edge, it’s much bigger in some situations than in others. That’s why you never see smart gamblers wasting their time playing keno or wheel of fortune – games where you’re almost guaranteed to lose money.

Casino games with the best odds

Savvy gamblers are going to cluster around the blackjack tables, where the casino’s edge is usually between 0.5% to 1%, though the number varies depending on the number of decks and other rule variations. You can calculate the house edge on a particular game of blackjack using the Wizard of Odds online calculator. Those numbers also assume you’re playing with what’s known as basic strategy, or making the best possible decision based on the cards you’ve been dealt. For the average player who’s going to make some mistakes, the house’s edge increases to 2%, according to the University of Nevada’s Center for Gaming Research.

Blackjack table Photo by Christopher Furlong/Getty Images

“Blackjack is one of our easiest games to play,” Jay Bean, a floor manager at Caesar’s, told Cleveland’s Newsnet5. “You’re just looking for a number that beats the dealer’s number without going over 21.”

“You are somewhere between 44% to 48% in every single hand of winning,” Michael Magazine, a professor of analytics at the University of Cincinnati, said of blackjack.

After blackjack, the games with the best odds are baccarat and craps. In baccarat, which is a game of chance rather than skill, the odds are close to 50/50, though your chances are slightly better if you bet on the banker rather than the player. At the craps table, the house edge on a pass line bet is 1.4%.

Roulette is one of the easiest casino games to play, and the odds are also fairly good. If you only bet on red or black or evens or odds (as opposed to a specific number) the house edge is 5.26%, assuming you’re playing in an American casino with double zeros on the wheel. Your odds of winning are better in a European casino with a single-zero wheel.

Video poker is another game with fairly good odds for players. “For video poker the statistical advantage varies depending on the particular machine, but generally this game can be very player friendly — house edge less than 3% is not uncommon and some are less than 1% — if played with expert strategy,” per the Center for Gaming Research.

Casino games with the worst odds

Slots may be less intimidating to novice gamblers than table games like blackjack, but the house is more likely to take you for a ride. Each slot machine is different, but the Wizard of Odds estimates the house edge for penny slots at between 6% and 15%. If you can’t resist the slots, chose a higher-denomination machine, since these tend to have a higher payout percentage than lower-denomination slots.

“The average slot machine is probably two, three times more costly to players than the table games,” Bill Zender, a former professional gambler, told Mental Floss.

Even worse than slots are “sucker games” like wheel of fortune and keno. The house advantage on keno averages 27%, according to the Center for Gaming. For wheel of fortune games (which also go by names like “big six” and “lucky wheel”), the house edge ranges from 11% to 24%, depending on your bet.

Whether you choose to take a chance on the wheel of fortune or are a high-roller playing baccarat, understanding how the game is played will put you ahead of most other players.

“Ninety percent of the people who walk into a casino have no idea of the odds stacked against them,” Zender said.

Also keep this in mind: The more you gamble, the likelier you are to lose. An analysis of online gamblers found that those who bet the least also had the highest winning percentage. But even then, the numbers weren’t great. Seventeen percent of the lightest gamblers ended up in the black over a two-year period. Only 5.4% of the heaviest gamblers came out ahead.

“[T]he average person doesn’t understand the math” of the multiplier effect, Jim Kilby, who has written books on casino management, told the Wall Street Journal. “Casino games are nibbling machines, and the more nibbles you have, the bigger your losses.”

Follow Megan on Facebook and Twitter

More from Money & Career Cheat Sheet:

Many people will be visiting a casino this summer, whether on a trip to Vegas, on a cruise ship, or just at a local casino during a 'staycation.'

But before you go, you may want to know which games give you the best chance of winning.

So we went behind the scene at two casinos, and spoke with the game managers, to find out which games give you an edge.

Table Games Your Best Bet

Jay Bean, a Caesar's floor manager, agreed to sit down with us and talk about the games with the best odds.

He said many people don't realize that table games have much better odds than slots. They are intimidated by thoughts of card sharks taking their money, with images of an intense Texas Hold 'Em tournament in their minds, and so they stick with the safe games: the slots.

But they are doing themselves a disservice, he said.

Bean's advice? After you've spent some time on the slot machines, move on to the Blackjack table, and start by just observing.

Odds Of Winning Online Casino

1. Blackjack

Blackjack has the best odds of winning, with a house edge of just 1 percent in most casinos, Bean said.

Plus, you are playing against only the dealer, not hooded poker champions.

'Blackjack is one of our easiest games to play,' Bean said. 'You're just looking for a number that beats the dealer's number without going over 21.'

If you're a novice, Bean said to sit down during a less busy time, such as the afternoon, and the dealer will walk you through the game.

Casino

But the same is not true with poker: You should practice the game with your friends first, at home, Bean said, until you are comfortable with it. Bean said novices are best off passing on the poker tables, where yes, the competition can be tough.

You can find out more information about the game of blackjack at the following link:
http://wizardofodds.com/games/blackjack/

2. Craps

So from the Blackjack table, he suggests moving on to the dice game Craps, the game with the second best odds, also nearly 50-50.

The Craps table can be a bit intimidating for the beginner with all the boxes on the table, Bean admitted. But it's really not tough, and it has one of your best chances of winning. In the end, all you are really doing is betting on a dice roll.

For more information on craps, visit:
http://wizardofodds.com/games/craps/

3. Roulette

Bean said your next stop should be the Roulette wheel. It's simple, and pays fairly well.

'So you bet on your favorite numbers,' Bean said. 'The dealer spins, and if your number comes in you win.'

If you stick to betting on just Reds or Blacks, you have nearly a 50-50 chance of walking away a winner. If it lands on red when you choose red, you will double your bet, Bean explained.

While it may seem you have an even chance of winning by simply choosing a color, there is one catch that gives the house its edge: the extra green 0 and 00 position on the wheel. It's on all American roulette wheels.

Or, if you feel lucky, play just one number. It's hard to win, but if you do it pays out 36 to 1.

For more information on roulette, visit:
http://wizardofodds.com/games/roulette/

Worst Odds

Your worst odds? The casinos, understandably, did not want to talk about games with poor odds.

Winning At Casino Slots

So we turned to Forbes Magazine, which in a report about Best Bets at the Casino , said two popular games -- the Wheel of Fortune and the ever-popular slot machines -- have the lowest odds of winning, with a house edge of 10 percent or more.

Chances Of Winning Online Casino

The Experts Agree

Professor of Analytics Michael Magazine has crunched the numbers, and agreed that blackjack is the best way to go home with money in your pockets. He said if you take a little time to learn the game, you have the best odds of winning.

'You are somewhere between 44 percent to 48 percent in every single hand of winning,' he said, noting that no other casino game gives you odds that good.

Best Odds Of Winning Slots

But Magazine cautioned that he's not promoting gambling, because he said even games with the best odds still favor the house.

'Play it long enough and you will lose. In the long term the house doesn't lose,' Magazine said.

If You Love The Slots..

Finally, if you really enjoy playing the slots, here is some good information to know, from state casino reports we examined.

With slots, the more money you put in per bet, the higher your chance of winning. If you put the max in a penny machine, which is usually around 50 cents, you have much better odds than if you put in 2 cents.

In addition, penny slots have the lowest odds, with $1 and $5 slots paying much better.

Always gamble responsibly, and don't waste your money.
__________________________

Odds Of Winning Casino Games

You can learn more about specific odds of slots machines in each state that has casino gambling by visiting the American Casino Guide.

Don't Waste Your Money is a registered trademark of the EW Scripps Co.

When the best new online casino games are released, the casino can award a small no deposit for the new gamblers to draw new customers and allow them to play the new slots free. No deposit bonus means you are getting a certain amount of money (usually about $10) to play new slots online right after you create your casino account. New casino slot games free.

'Like' John Matarese on Facebook
Follow John on Twitter (@DWYM)

Salsa casino sabor y rumba. During the dance, dancers often break from each other during percussion solos and perform the despelote, an advanced form of styling in which the male and female partner get physically close and tease each other without touching through the gyrating of hips and shoulders while performing muscle isolations.The major distinction of Casino Styling is that male partners have tendencies to show off (following Afro-Cuban influence), under the cultural guise of males having to attract attention and tease females.