Shock study: 1 player out of 2 does not master the notion of house advantageFriday, August 2, 2023
The advantage of the house is a concept known by all professional casino players. However, a recent study has just revealed that many players do not understand this essential information at all. Let's revisit this surprising discovery.
The house edge, the bread and butter of casinos
“Today, the advantage of casinos over players is between 0.5% and 15% depending on the casino game. »
The house edge on slot machines and all casino games represents the margin a casino takes on each game played. If it were 0%, the casinos would not win any money and the players would have as much chance of winning as the establishment over the long term.
Today, the advantage of casinos over players is between 0.5% and 15% depending on the casino games. It is therefore essential for all casino enthusiasts to know the least disadvantageous practices and the most likely to make them win money.
The advantage of the house is therefore linked to the Player Return Rate (PRR). If for a given game, the advantage of the house is 10%, the PRR will be 90%. Here is a list of casino games known for having a low house advantage:
- ♣ Video Poker: from 0.5% to 5%
- ♣ Baccarat: from 1.5%
- ♣ Blackjack: from 1.5%
- ♣ Roulette: from 2.5%
- ♣ Craps: from 1.4% to 5%
We therefore advise you to play these games as much as possible to maximize your chances of winning.
A study that overwhelms casino players
A study conducted at a University in San Diego by Professor Katherine Spilde and Anthony Lucas shows very critical towards casino players.
Indeed, their research proves that the average casino player generally has no idea about the concept of house advantage, and therefore cannot differentiate between a profitable game and a game that heavily favors the casino. The study reveals that most players do not play long enough on a casino game to determine if it has a positive expected value or not. redistribution rate raised or not.
A real information work It must therefore be done through the Internet, but also with the help of casinos. These have indeed hidden this information from players for a long time. This is still often the case in land-based casinos. Only certain online casinos have had the good idea to indicate the RTP of each game on their game library, thus offering players real indications on their chances of winning.
In an ideal world and in a few years perhaps, we can dream of a law enforcement around gambling games imposing casinos to make the RTP visible on each game present on their platform. In the meantime, we can only advise players to play on casinos that have already adopted this approach or to inquire about the profitability of each game online.