M
Mike_25
Guest
The house edge is why the casino always wins in the long run. It's built into the games themselves through the math. To really understand it, you need to calculate the edge for different games and bets.
Start by counting the total number of possible outcomes.This includes every possible hand, roll, spin and combination. More outcomes means more opportunities for the house to win.
Now count the number of outcomes that result in a player win. These are the times you'd walk away with an even or better payout.
Subtract the player wins from the total possible outcomes. What's left over is the number of times players will either lose money, bust a push, or not have a bet at all. These outcomes give the house the edge.
Divide the number of losing/push outcomes by the total number of possible outcomes. This gives you the percentage chance of an unfavorable outcome for the player on each play. If there's a 78.9% chance of a loser/push, the house has nearly an 8% edge.
In games with multiple outcomes per play (like poker), calculate the edge for each outcome and weight them by their odds. Add up the edges for the overall game edge. Hands that happen more often have a bigger impact.
The edge percentage is the House's long term advantage over the player. A 2% edge means the House will win 2% of all money played.
Things that swell the edge include: more outcomes total, a greater % of unfavorable outcomes, bets with multiple options (like season vs singledigit in keno), and bigger payouts for players (closer to the true odds).
Compare edges across games and bets to make the smartest plays with the least loss over time. Even the pros will still lose around 2-5% at most tables due to the edge.
Let me know if any part of how we calculate the edge and use it still confuses you. I can walk through more examples for different games and bets until the concept sticks.
Understanding the numbers behind the games leads to smarter decisions and smarter plays. It won't overcome the edge, but you'll lose less as a result. An education in edges provides a better chance at ending up ahead, no matter what the outcome. The edge is in the house's favor, always, but knowledge is power when you play. Let's work them numbers..!!
Start by counting the total number of possible outcomes.This includes every possible hand, roll, spin and combination. More outcomes means more opportunities for the house to win.
Now count the number of outcomes that result in a player win. These are the times you'd walk away with an even or better payout.
Subtract the player wins from the total possible outcomes. What's left over is the number of times players will either lose money, bust a push, or not have a bet at all. These outcomes give the house the edge.
Divide the number of losing/push outcomes by the total number of possible outcomes. This gives you the percentage chance of an unfavorable outcome for the player on each play. If there's a 78.9% chance of a loser/push, the house has nearly an 8% edge.
In games with multiple outcomes per play (like poker), calculate the edge for each outcome and weight them by their odds. Add up the edges for the overall game edge. Hands that happen more often have a bigger impact.
The edge percentage is the House's long term advantage over the player. A 2% edge means the House will win 2% of all money played.
Things that swell the edge include: more outcomes total, a greater % of unfavorable outcomes, bets with multiple options (like season vs singledigit in keno), and bigger payouts for players (closer to the true odds).
Compare edges across games and bets to make the smartest plays with the least loss over time. Even the pros will still lose around 2-5% at most tables due to the edge.
Let me know if any part of how we calculate the edge and use it still confuses you. I can walk through more examples for different games and bets until the concept sticks.
Understanding the numbers behind the games leads to smarter decisions and smarter plays. It won't overcome the edge, but you'll lose less as a result. An education in edges provides a better chance at ending up ahead, no matter what the outcome. The edge is in the house's favor, always, but knowledge is power when you play. Let's work them numbers..!!
