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Consider how much the house would expect to gain by your playing roulette for the same amount of time. Roulette is a slightly slower paced game, with maybe a round every couple minutes or so, and not many players are quite avid enough to spend four hours at a table.
But, for arguments sake, we will examine that at a rate of 30 rounds per hour with a flat bet of 25 credits, playing for four hours, a casino would expect to make Again you might say, well that's not an overly exaggerated amount to expect to lose during a session at a casino, but keep in mind that it's playing over time that makes it add up.
Twenty such sessions a year would set you back 3, credits and multiply that by the number of years you plan to play, and you'll see that it really does add up.
Some people gamble at a casino for the fun and excitement that this unique form of entertainment delivers. That is perfectly fine, as gambling at an online or land-based casino can be a leisurely, enjoyable hobby.
Recreational players don't mind parting with a reasonable amount of money because they can rationalise the experience in saying it was the price paid for a little fun.
This is fine as long as that person is an occasional player, or if they hadn't really planned to devote the time to studying the games or taking steps to improve their chances of winning money during sessions.
However, the truth is that - given the choice - most players prefer to win, and there are proven ways to dramatically reduce the chances of losing - namely by not playing games with bad odds - such as keno.
This is actually as good as the odds get for keno, with the odds varying from casino to casino. The following chart shows the expected house edge for casino table games and also sports betting.
For any given session on any given day, these percentages can fluctuate quite a bit, however they represent a fairly accurate expectation of the house's advantage over time.
To see how the house edge is playing out for players at online casinos, you may examine a monthly ranking of recent online casino payout percentages, broken down by category such as table games, slots, poker games and overall payouts.
Looking at the chart above, you'll see that craps, blackjack, and baccarat offer the smallest house advantage.
These are the games upon which you should focus. Coincidentally, craps and blackjack are two of the most popular online casino games, and this makes their study feel less like actual study and more like fun.
If you already know a thing or two about blackjack, then you probably know that it is one of the only games where a skilled player can not only eliminate the house edge, but go a step beyond that by creating a player's edge.
How is this possible? Learning basic strategy to perfection is the first step. Next is becoming a knowledgeable and accurate card counter.
Lastly, adjusting bets and hand decisions based on the count while masking your expertise to the dealer, pit personnel, and preferably other players.
Unless you are already a natural genius at math, this will likely take hundreds of hours of practice. Few ever make it to the level of professional blackjack player.
If you are able to someday acquire this elite status, you can expect to have an edge over the house at somewhere between 0.
Again, you might say this doesn't seem like a lot. It's time, my friend, time that makes things add up.
A professional player can expect to make in the neighborhood of 30 units per hour playing blackjack, depending on betting level. While this is a lot more than minimum wage, it is not a salary by which millionaires are made either.
This is just an example of one way to make smart play work for you. Instead of giving up a big advantage to the house playing a game like keno, try learning basic craps or blackjack strategy and you'll likely notice a decrease in your losses and an increase in your winnings right off the bat.
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