How to get the most from your new player bonus by playing games that have the lowest house edge.
So you've just joined an online casino and made a deposit to activate your new player bonus. You should now have a nice little pot of cash sitting in your account to play with and if you are a conscientious punter, then you'll be wondering how you can increase the amount in the pot, rather than simply which games you are going to play.
The reason for this is that different casino games offer players much better (or worse) odds of success. If you analyse the chances of you winning at a typical type of game, there are some that offer the player much better odds of winning than others do. This figure, often quoted as a percentage, is the 'house edge'.
To understand this figure, the lower the percentage of house edge, then the greater chances the player has of winning any particular turn of the game. In theory a house edge of zero percent is a totally fair game, whereas theoretical house edge of 100% would mean the house would win every time.
So if you are relatively new to online casinos then you'll be wondering how you can calculate the house edge for your favourite games. The good news is; you don't have to. It's been done for you and by using the stats outlined below, you can target the games that, statistically, you have more chance of winning compared to other games.
Serious gamblers will tend to play the games that have the lowest house edge.
The reason for this is simple; statistics have shown over billions and billions of analysed hands, that players have more chance of winning at these games than others at the casino and as a thoughtful gambler, any advantage that you can have in your favour is a plus point.
So with that in mind, here are the games to target with a low house edge:
Blackjack - Ever wondered why so many big gamblers love blackjack? Well with a house of edge of around 0.28% on any given hand, gamblers realise that blackjack is the game to target if you want to grow your cash as not only are the stats less in favour of the house, but a strong understanding of blackjack strategy can reduce the house edge even further.
Video Poker - Playing Jacks or Better video poker offers generally better chances for players to win more often, with most video poker games offering a house edge of around 0.46%.
Roulette - Ever wondered if the single zero or double zero on a roulette wheel makes much of a difference? Well by betting on the even money bets (Odd/Even, Red/Black, 1-18/19-36) a single zero roulette wheel (which has just one Zero green slot, sometimes called a European Wheel) offers a house edge of 2.7%. A double zero wheel (which has two green slots, 0 and 00 and is sometimes called an American Wheel) increases the house edge to 5.26% per spin.
Games to play less often (Games with a higher house edge):
While we'd never advise players not to play any casino game, after all it is your money and you should enjoy it as you wish, there are games that really don't offer the player the greatest chances of success. Listed below are the games with generally higher house edges that players should really play less frequently if they want to keep their bankroll ticking over.
Slot Machines - It may be a staple of the online casino but the house edge on slot machines can range from 2% up to 15%. Just keep in mind though that slots also have bigger jackpots than other games. There are no million dollar jackpots in Blackjack... but there are in slots.
Sic-Bo - This popular eastern game is not the most profitable to play with bets giving the house an edge of between 2.78% up to a whopping 33.33%.
Keno - The house edge of 25% to 29% in Keno is the biggest of any online casino game.
It is worth noting though that some of these games, such as progressive jackpot slots and keno in particular can offer the chance of winning a life-changing sum of money. While your chances of hitting these jackpots are small, there is still a chance and many players will happily ante up and play these games simply to allow themselves a chance of winning that amount of money.
Games with several different bets offering a variable house edges dependent upon the bet.
Some games offer several bets on a single outcome (for example, on the spin of a roulette wheel you can make a myriad of different bets). Each bet that can be made has its own house edge and understanding this can make you a far stronger and more profitable player at the games outlined below.
Craps - Which bet you make in Craps can drastically affect the house edge. Bet on the Pass/Come or Don't Pass/Don't Come and you cut the house edge to less than 1.5%. Bet on Any Craps bet and that increases to 11.11% on any throw of the dice.
Baccarat - Backing the Banker (1.06%) or Player (1.24%) is far more beneficial in Baccarat than backing the tie, which offers a house edge of 14.36%.
By carefully targeting which games you play, specifically those with the lowest house edge possible, you stand a much better chance of taking your nice bonus and your initial deposit and growing your cash as you play, rather than simply handing it back to the casino in double-quick time. An alternative and popular strategy is to play the bonus money on slots and with any luck grow the bankroll.
Next Post: The lucky seven : Las Vegas' biggest ever winners
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