What is the house advantage?

What is the house advantage?Dissecting the Concept of the House Advantage

Gambling has its fun but only if you are aware of what you are doing. Never get into a casino without understanding some of the facts. House advantage is one of the terms that you will come across when learning the basics of playing an online or offline casino. What does the term mean though?

House advantage is the mathematical edge held by a commercial gambling venue. The function of the house edge is to ensure that the casino or whatever venue you are gambling at retains a certain percentage of the money that players spend. Regardless of what a casino promises its customers, the bottom-line is that it is a commercial venture. It has to pay its workers, maintain the premises and pay for equipment. A casino needs to make money, and the best way to do that is by taking a fraction of the bets you make. The house advantage means that for every wager that a player makes, there is a probability of him or her losing and the casino winning.

How does it Work

How do casinos do it though? All the games have to be designed in a way that the probability of losing is higher than that of winning but how do gambling venues achieve this? Every game in a casino comes with specific rules, and some of them are meant to give an edge to the house. From the type of equipment used and the betting rules and strategies in place, a game is structured to increase the chances of the house winning. In blackjack for instance, if the dealer and the player both ‘bust’, the player loses. It means that the bets end up with the house. Another example is roulette where the odds are 37 to 1; there are 36 possible stops in roulette plus the zero, making it 37. It means that the true odds of a player winning are 1 in 37, but the payout odds are 35 to 1; that is, the casino pays out 35 for a euro bet. From these calculations, the casino holds a house advantage of 2.7%.

What happens is that the true odds of a game are higher than the payoff odds of the casino. You calculate the house advantage by subtracting the payout odds from the true odds then find the percentage. In the above instance, the house edge is (37-35=2 then 2/37 to get the %). From these figures, it shows that a player could stop at all the 37 points of the roulette and still fail to win.

In some games such as craps, roulette and big six, the house edge remains constant because the number of stops doesn’t change. However, the advantage can vary from one region to another. In some areas, roulette wheels have 37 stops while in others, it has 38. This difference will affect the house advantage, and a player should be aware of it before getting started. Other games where you will find that payoff odds are lower than the true odds include Pai Gow poker, three card poker and mini-baccarat. The house advantage in blackjack is somewhat different because, with every draw of the card, it changes. Depending on the cards that remain in the shoe, the edge can shift between the player and the venue. The skills of the player will also determine where the advantage lies. Video poker is another game where the edge can fluctuate.

What does it Mean?

Just because there is a house edge on all games doesn’t mean that a player will always lose. The house advantage is designed such that the losses are spread out over a period. It means that a player who wagers for an extended time will tend to lose more money in the long run. Wins will happen unexpectedly, especially in the games that rely on luck. It is possible, though for a player to manipulate the house edge in games like blackjack and video poker where the technique can affect the odds. A player can improve his or her skills by using online resources and strategy books to find the best tactics, depending on the environment.

One point that every player should be aware of is that the house advantage does not just apply to the initial bet you place on a game but the total amount wagered. You will find a player putting back their winnings, credits or chips into a game, which means that their total bets at the end of the day are high, and that means more of their money is exposed to the house edge.

The house advantage is a concept that has been accepted in the gambling industry. It allows commercial gambling venues to keep part of the bets that players make to contribute towards their revenue. The house edge can vary significantly among games and casinos. A player should understand the odds that he/she is playing with. Knowing the house advantage clues a player in on the risks that come with a particular game and casino, which is necessary before betting.

Best Casinos in UK

1.
casino.com

100% up to $/€/£100 plus Free Spins

2.
pink casino

100% up to £150 with 50 free spins

Visit Website!Visit Website!
T&Cs apply
Significant terms: T&Cs apply. New player only 7 days to claim offer and deposit a min of £10 with a further 7 days to wager 35x. Cash stakes only and wagering contributions vary.
Max reward £150. 50 wager-free spins 0.10p each on Starburst awarded after wagering complete, winnings paid as cash. 3 day expiry.18+ BeGambleAware.org.
3.

100% up to €/£99 with Free Spins

Yako Casino offers lottery, live casino and a bunch of casino games. You won't have a boring minute when you play here. Claim the welcome bonus - a matching bonus plus free spins to start your casino experience at Yako Casino.

Visit Website!Visit Website!
T&Cs apply
18 +. Min deposit €20. Wagering 40 x bonus. Live casino is excluded. Valid for 30 days. New players only. Begambleaware.org. 18 +. T&C applies.
4.
casinocasino

100% up to €/£100 with 10% cashback

CasinoCasino is a big brand in the UK and have a lot to offer for their players. Here you have a big selection of games and also a huge welcome bonus. The first impression with CasinoCasino is excellent!

Visit Website!Visit Website!
T&Cs apply
New players only. 18 +. Min deposit €10. Wagering 40 x bonus. Max bet €5 with bonus funds. Live casino is excluded from this bonus. 100 % up to €100 on your first deposit. Welcome bonus excluded for players that deposit with Skrill or Neteller. Begambleaware.org. 18 +. T&C applies.
5.
playojo casino UK logo

50 Free Spins on first deposit

PlayOJO has been in the industry since 2017 and provides the players with a big selection of games from NetEnt, Evolution, Thunderkick and Play'n GO for example. You get a welcome bonus when you sign up and make your first deposit. It's worth to have a look at PlayOJO - one of the biggest brands in UK!

Visit Website!Visit Website!
T&Cs apply
First deposit only. 50 Free Spins on the Book of Dead slot. Min deposit €10. Excl. new players in N.I. Each Free Spin valued at 10p. OJO’s Rewards and Game Play policy applies. Begambleaware.org. 18 +. T&C applies.
6.

100% up to €/$/£200 with Wager Free Spins

Videoslots casino comes with over 3000 games and a wide horde of online slots. Treat yourself to some exciting casino action, all in one place. With so many games, it means more jackpots and more fun!

Visit Website!Visit Website!
T&Cs apply
New Players Only 18+. 1st Deposit Bonus with a minimum deposit of £10. Wagering requirements: 35x bonus. Maximal bet: £20 or 50% of starting bonus value (lower value applies).
You have 7 days to activate the bonus, once activated welcome spins must be used within 24 hours.

Welcome Spins are free from any wagering requirement. No maximum withdrawal limits. A first deposit is required to play these spins. Bonus will be paid out in 10% increments to your cash account. Casino Videoslots gives you a chance to win up to 4,200 Extra Spins on Battle of slots. Full Bonus T&C Apply
Read all T&Cs

7.
Hype casino

100% up to €/£300

New players only, min deposit £10, wagering 45x, max bet £5 with bonus funds, 100% up to £100 bonus on 1st deposit, 50% up to £200 on 2nd deposit. No max cash out on deposit offers. Welcome bonus excluded for players depositing with Skrill or Neteller. Full T&C’s apply

Hyper Casino is fairly new in the industry but it boasts of really speedy transactions and responsive a website. Even more interesting is that in the first few months after launching, a Swedish player won a mega jackpot at Hypercasino!

Visit Website!Visit Website!
T&Cs apply
1st deposit bonus.100% match bonus up to £/€/$ 100 on first deposit. Second deposit bonus 50% match bonus up to £/€/$ 200 on second deposit. A minimum deposit of £/€/$ 10 is required. Maximum bonus offered will be communicated in the details of each specific promo.

The welcome bonus is available to players from the following countries: United Kingdom, Austria, Canada, Germany, Ireland, Norway, India, New Zealand, South Africa and Switzerland. Unless other rules are specified, bonuses are valid for 30 days and are subject to the X45 wager requirement.

Slots and Other Games apply towards the wagering requirement. Table games, Video Poker and Live Casino do not count towards the wagering requirements. Bonuses cannot be used in the Live Casino. Bonus Terms Apply
Read all T&Cs
8.

100% up to €/£1000 plus free spins

Casinojoy promises lots of happiness and bliss for all its players. With the splash of colours, an extensive range of casino games, interesting bonuses and promotions for daily and weekly joy!

Visit Website!Visit Website!
T&Cs apply
The welcome bonus is only available to players who create an account and make their first deposit at Casino Joy. As a player, you must deposit a minimum of £10 in one instance. When you do not wish to receive the New Player Welcome Bonus offer, you have the option to opt out upon making their deposit.

Players can only use the Bonus Codes from the New Player Welcome Package once. You will need to wager the Welcome Bonus 40x before you can withdraw the Bonus or any winnings gained from it.

The 20 free spins will be instantly credited upon a qualifying deposit. The remainder will be credited at the rate of 20 per day for 9 days on Starburst.
Casino Joy reserves the right to change the pre-selected free spins game selection at any time, at its sole discretion.

All Free Spins from the New Player Welcome Bonuses are valid for 72 hours upon activation, unless otherwise stated. The maximum withdrawal amount for a player from their Free Spins is £100.

Deposits made via Skrill or Neteller are not eligible for the New Player Welcome Bonus.
The General Terms and Conditions of the Casino Joy website apply.
Read all T&Cs

9.
casumo logo

100% up to €/£300 with Free Spins

This hilarious casino is one of the best known casino brands on the Internet. It's winning awards left and right and has a massive selection of games available from all the leading developers.

Visit Website!Visit Website!
T&Cs apply
18+. New UK customers only. Opt-in required. 30 free spins on Book of Dead game upon registration with NO wagering requirements or deposit required for spins AND 100% deposit bonus up to €300: Min deposit €10 and 30x wagering requirements apply on bonus (game weighting applies). Max bet applies. T&C Apply.
Read all T&Cs


10.
rizk logo

100% up to €/£200 with Free Spins

Rizk is a highly popular and vibrant superhero-themed casino. The mascot, Captain Rizk, fights shady deals and promises “real rewards, no bullshit”.

Visit Website!Visit Website!
T&Cs apply
100% up to €/£200 Welcome Bonus with 40x wagering within 30 days, meaning we will double any deposit you make from €/£10 up to a maximum of €/£100. But that’s not all – we will also add 50 Extra Spins on Book of Dead on top. If you deposit the minimum €/£10, we’ll double it so you have €/£20 to play with, plus 50 Extra Spins. If you deposit the maximum €/£100, we’ll double it so you have €/£200 to play with, plus 50 Extra Spins.

The 50 Extra Spins will be distributed over the course of 5 days (10 per day for the following 5 days after you claim your Welcome Bonus). You will find 10 fresh Extra Spins on Book of Dead every day from 11:00 (UK Time) in your account in the Rewards Section. Simply log in and claim them within 24 hours for your extra chances of winning. Minimum deposit is €/£10, deposits via Skrill (Moneybookers), or Neteller are excluded from this offer. You can place a maximum bonus bet of €/£5 per spin when you have the bonus active. New customers only.

Game weighting and full terms and conditions apply.
Read all T&Cs



Relevant news