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Casino Terms 101: House Edge vs RTP

Casino Terms 101: House Edge vs RTP

Casino Terms 101: House Edge vs RTP

Thu Dec 03 2020 02:00:00 GMT+0000 (Coordinated Universal Time)

All casino games have a house edge or an RTP to let you know your odds of winning a round. It may seem like it’s a minor component of gambling, but it actually plays a big role in successfully gaining payouts. 

House edge is a casino term and it is usually used for table games. It represents the advantage a casino has over the player in the course of a specific game. When the house edge percentage is low, it means that you have a higher chance of winning against the house. This works vice versa, meaning if the house edge is high, then you have lower chances to win.

On the other hand, Return-to-Player (RTP) is the percentage of how much of your total wager the casino game will pay you. This is based on the game you played and the wager you placed. 

The Link between House Edge & RTP

These two concepts go hand-in-hand because the house edge and RTP complete each other in calculating the percentage of how much the casino wins and how much you could possibly get back. If you have the percentage of either the house edge or RTP, you can easily calculate the counterpart’s percentage. 

For example, if a video slot’s RTP is 96.8%, then you subtract from 100% to get a house edge of 3.2%. This goes the same for finding the RTP. Finding both percentages gives you an idea on your odds in winning.

How to Raise Your Chances of Winning

You can manipulate these odds to your favour. There are strategies used in roulette, blackjack, and video poker that let you use the house edge and RTP to your advantage. 

For roulette, the European version usually has higher RTPs and lower house edge than other roulette variants. This also goes for blackjack and video poker where having a high RTP and low house edge will greatly benefit you in the long run. 

Casino Games and their House Edge & RTPS

Each live-dealer casino game has an RTP for specific aspects you can wager on. An example of this is baccarat where there are house edges for 3 betting odds based on the outcome of each player:

  • Banker: 1.06%
  • Player: 1.24%
  • Tie: 14.36%.

On the other hand, there are other wagers in casino games that are not based on the overall outcome of the game. In a table game called Big Six, known as the popular Wheel of Fortune, even the wager you place has its own house edge. The house edge can also be based on the amount you wager when it comes to Big Six:

  • $1 has a house edge of 11.11%
  • $2 has a house edge of 16.67%
  • $5 has a house edge of 22.22%
  • $10 has a house edge of 18.52%
  • $20 has a house edge of 22.22%.

Find out which Games Work Best for You

There is a variety of table games and live casino games where you can test these tips. Play any game such as poker, roulette, or blackjack with a low house edge, so you can see how much you can win. You can also try out a variety of slots as well to test how much you get back based on its RTP!

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Casino Terms 101: House Edge vs RTP

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