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What is Casino House Edge?
For the player of a single hand of a casino card game, or single spin of a slot, the outcomes are clear. You either win money or lose it – with some games having a ‘push’ result too.
The amount of money you’ll win or lose over a session in a casino table game is determined by two things:
- The mathematical advantage built into the game, and;
- How close to the perfect strategy you play
Setting aside strategy mistakes, all games have a built-in advantage. This comes into play over millions of hands. Say a game has a 5% house edge (this is on the higher side). You might win or lose money over 10 hands, or even 1000. If you were to play 1 million hands over several years, you’ll almost always find you lose close to exactly 5c for every $1 you staked.
We will give you a long list of fast payout casinos below, but some instant casino sites are better than others – they deserve a separate listing. Below, you can see our “best of the best” pickings for fast payout casino sites: Any of these instant withdrawal casinos will complete your payouts almost immediately. The payout percentage is sometimes posted on the rules or information page for the game itself, or as a list on either the online casino or the game developer's website. If you're having trouble finding where the slots payout percentage is posted, try a quick Google search of the game's name and either 'payout percentage' or 'return to player'.
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In the short-term, variance gives you a shot at coming out ahead. The more hands you play the closer to the average you’ll get (a mathematical concept known as ‘regression to the mean’). Shorter-term, your results can vary, sometimes you’ll put together a string of wins – getting an above average return.
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In many games, the perfect strategy is unclear or difficult to memorize unless you are an expert player. If you hit when you should stand in blackjack – even in a marginal situation – you are giving some extra money to the casino. You might win the current hand, though mistakes will always contribute to the house edge in the long run.
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For a player seeking a casino with the best payout, there are four things to consider:
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- Find the games with the lowest built-in house edge
- Play them perfectly, so you don’t give away extra money
- Manage your ‘risk of ruin’ from natural variance with solid bankroll management
- Maximize your comps and bonuses to improve your profitability