But if you want to increase your chances of winnings, you’ve got to pick your games wisely. Nobody goes into a casino wanting to lose. Payout percentage is a term usually used to refer to slot machines and other similar casino games, and is essentially the same as the house edge. Some casinos will pay out 95 cents of every dollar, making their house edge 2.5%, and while every single detail is not necessarily important, the average house edge is between 2-3%, meaning anything higher than that should be approached with caution. By learning a certain game’s house edge, players can better judge the odds of that game, and decide where to put their money. The house edge is the colloquial term for the percentage of each player’s original bet that goes into the casino’s pocket – that is, the profit of the house. These two terms – ‘house edge’ and ‘payout percentage’ are key pieces of gambling terminology to be familiar with before you head out and wager your cash, and also before you look into the odds and probabilities of specific casino games.Įssentially, the house edge and payout percentage are where the casinos make their money.
Which games have the worst odds? Payout Percentages and House Edges
