Understanding The House Edge

When it comes to real money gambling in online casinos in Singapore, one thing is never left to chance. The house always wins in the long run. Before you bet on your best games, you must understand that a casino is a business that is determined to make a profit and is not some kind of charity organization. Thus, the house edge indicates the average gross profit that the casino expects to receive from each game. Nevertheless, it should be understood that the house varies greatly among different casino games. The game with the lowest edge is blackjack, while keno has the highest edge of them all.

Carry on reading our comprehensive guide to finding out more about the house edge of popular games in Singaporean casinos. You’ll learn how to calculate the edge of different games, how to minimize the risks involved, and much more.

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What is a House Edge?

Regardless of the game you play, you should know that the chances of the casino winning are higher. This happens because casino games are always designed to provide the house with an in-built advantage. The only game that is exempted from the edge is poker because it’s played between players. 

As aforesaid, the house edge represents the average gross profit that the casino expects to earn from each game. The least paying games have an edge of around 0.5% to 2%. Other games have relatively high edges of between 15% and 40%. Nevertheless, this does not mean that players have no chances of profiting from casino gaming. With the use of a proper strategy and bankroll management skills, Singaporean players can make good money from online entertainment.

House Edge vs. RTP Percentage

Often many novices are confused with the house edge and the Return to Player (RTP) percentage. There are significant differences between these two concepts.

While the house edge represents the long-term advantage of the casino, the RTP is what the player expects to gain in the end.

Actually, it’s more straightforward to calculate the house edge of a casino than determining the RTP of a game. Normally, the RTP percentage is always higher.

Casino House Edge

Calculating the House Edge in Casino Games

Calculating the house edge of casino games will seem complex at first. The good thing is that the formula for determining it is more or less the same. Whenever you want to calculate the edge, follow this method:

House Edge = (Odd Against Success – House Odds) x Probability of Success

If you convert this into a percentage, the formula will be as follows:

House Percentage = House Edge x 100

For example, the edge in the Sweet Bonanza slot machine is 3.49%. To determine what the casino will keep as profit for every $100 you bet, it’s essential to convert it to decimal and multiply by $100, which gives us $3.49 as profit.

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As earlier mentioned, the house edge varies across different online casino games. You can always find information about the RTP of a third-party game by clicking on the question mark (?) in the top right corner. The following figures represent the house edge of various online casino games:

  • Online Slots – 1% to over 10%
  • Blackjack – 0.5%
  • Roulette – 2.75% to 5.26%
  • Baccarat – 1.06% to 1.24%
  • Craps – 1.41% 
  • Video Poker – 0.25% to over 10%
  • Game Shows – 3.92% to over 5.59%
  • Online Keno – 25% to over 29%
  • Sic Bo – 2.78% to over 33.33%

How It Works with Online Slots

Online slots are without a doubt the most popular game across the globe. Most online casinos in Singapore offer dozens of variations ranging from traditional fruit machines to modern video slots. All slots use a random number generator (RNG) to generate results, in order to provide fair gaming, the best online casinos have slots from developers that are regularly tested, to ensure that their algorithms are not rigged, and provide fair RTP numbers, which should be 94% and up. One of the main features of slots is that they are purely based on luck as opposed to some table games that require skills. Though online slots are the most loved, they are often unfavorable to players. 

These games come with a house edge ranging between 3% to 10%. Some land-based casinos have machines with a high edge of up to 20%, meaning, only 80% of the winnings are paid back to players. But, the good thing about this game is that they allow you to play low stake bets. If you are looking for excitement or more playing time, this is probably the best choice. We highly recommend Singaporean players find information about the slot’s RTP before staking real money bets.

Tips Worth Considering

Even though it’s not easy to minimize the casino game house edge, the following tips will help you to boost your profit and minimize the risks involved.

  1. Choose games with a lower house edge like poker and blackjack.
  2. Use a strategy to increase your winning opportunities.
  3. Claim casino bonuses and promotions to boost your bankroll.
  4. Research about the game’s terms and conditions before you start playing.
  5. Maximize your bets on games with favourable odds like roulette.

Conclusion

Though the casino always has an upper hand in winning, the house edge varies among games. There are games with favorable house edges while others have a slightly higher percentage. Despite the differences, it’s vital to understand how to calculate the house advantage and increase your chances of winning. This will help Singaporean gamblers to easily determine whether their preferred game is profitable or not.

Popular casino games that have a low house edge are video poker machines, baccarat and blackjack.

Unfortunately, it is not possible for players to change the house edge of a casino game. But they can use a strategy to increase the chances of winning.

Poker games where punters play among themselves do not have a house edge.

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