House Advantage / House Edge
(blackjack)
The term "house edge" refers to the percentage advantage
of casino over the player.
House Edge (baccarat)
The casino's advantage over the player. In baccarat the best
bet is always on the banker and the fewer the decks the better
the banker bet. Eight decks baccarat has a house edge of 1.06%
/ 1.24% (banker bet / player bet). One deck baccarat has a house
edge of 1.01% / 1.29%. These differences in percentage do not
seem large, but they do have a considerable impact on play in
real life. Dealt and played using "standard" rules,
a winning Banker bet is charged a 5% commission. If ties pay
8:1 the casino's advantage is 14.11% on ties. If ties pay 9:1
the casino's advantage is 4.8% on ties. In some casinos, ties
are permitted to be bet on.
House Edge (keno)
Also known as PC (percent casino). The percent of all wagers
the house can expect to win, over a period of time. Can vary
widely, but normally is about 30%.
House Edge roulette
The mathematical advantage of the casino has on a given bet.
The house edge is set at 5.26%, resulting from the player receiving
odds of 35 to 1 rather than the true odds of 1 in 36 or 37 to
1. All in all, that edge is comparable to the "rake"
in poker, and in some bets on the craps table, in Baccarat and
other games including sports betting. The single 0 European
roulette wheel has a house edge of only 2.70%. The player has
a 1 in 37 chance of winning and still gets 35 to 1.
