As the old saying goes, “The house always wins,” and from a certain perspective this may be true. In order to make money from gambling, casinos have what is dubbed the house edge. For many games this can be calculated as an exact percentage based on the odds and stakes of the game, offering players a glimpse into how much more likely they are to win at some games than others.
As mentioned in in the article about Millennial gambling habits, the new generation of gamblers are lower risk takers. So for those players who simply want to enjoy a flurry on a few casino games with the lowest risk of losing, they may want to check out some of these games.
European Style Roulette
Unlike Poker or Blackjack, where there is a certain level of skill involved, Roulette is a game of pure chance, and one with a relatively low house edge, but only the European version. The difference between it and its American offspring is that the latter’s wheel has an extra pocket, the double zero, bringing the total number of pockets to 38, one more than European version.
Yet the payouts for a single win number on both games are same at 35-1. This one additional pocket decreases the odds of winning, pushing it from 37-1 to 38-1, doubling the house edge from 2.7% to 5.26%.
With a basic level of understanding and implementing a smart strategy, Blackjack players can reduce the house edge to 1%. The strategy will be based on certain rules of play that will take into account your pair of cards alongside the dealer’s upcard, and inform you how to proceed.
However, to help reduce the house edge even further, try to play a game of blackjack where only a single deck of cards is being used. As there is less variation in the cards, the house edge drops significantly.
The exact edge will depend on the cards dealt and the variant of Blackjack being played, but there is a significant increase between a single deck game and a two deck game. Casinos are also aware of this, and so will usually deploy six or eight decks in order to keep their house edge high enough to be profitable.
Like Blackjack, there are a vast range of poker variants, each with its own rules and house edge. Those players seeking a low-risk poker game should check out Three Card Poker. The fast and furious deviation from Texas Hold ‘Em sees each player given three cards, but with Ante and Play rules the house edge comes in at just over 2%.
If you want to play Poker but significantly reduce the house edge, why not swap the live table for a game of Video Poker instead. Jacks or Better carries a nominal house edge of 0.46%.
Although James Bond has risked his life several times over for Queen and country, his games of choice is relatively low risk. Baccarat has one of the lowest house edges of all casino games, and unlike Blackjack, this is unaffected relatively unaffected by the number of decks being employed by the dealer.
While some casinos, both in real life and online, offer single deck Baccarat, the most common game type uses six or eight decks, which offer a house edge of 1.06% on Banker bets and 1.24% on Players bets. However, it is best to avoid betting on a tie between the two, which sees the house edge soar to 4.93% on a bet tie of 9:1 and 14.4% on a bet tie of 8:1.