The point of any gambling strategy, as you will soon find out, is to beat or eliminate the house, or casino edge. But what exactly is this, and how important is it for a player to know?
The truth is that websites define the house edge in different ways, but it is best understood by the fact that regardless of the game you play, no matter what the odds may be, the casino will have it “altered”, one way or the other, in its favor, often by charging a fee or paying less. The reason for this, of course, is that they need to make money to continue operating.
Casino games have different house edges, though. For example, in Roulette, wagering on two columns should pay you $14, but most venues will pay out $12, the $2 being their “cut”. That is also the reason why there is a double zero in the wheels, as it increases the odds in favor of the house.
Another form of casino edge is the payout percentage. If you have ever played the slot machine you know what this means: in a machine with a 95% payout percentage, the casino gets the 5% as commission.
You might hear the term Vig used by players. The Vig is the Vigorish and is best described as a fee placed on a wager. The best example of this would be in the card game Baccarat, where a 5% commission, or Vig, is put on a Banker bet. This is charged only when you bet and win on the Banker, though.
Another kind of house edge is the rake, more commonly applied in Poker games. This is usually a small amount that is taken from the pot. In some cases, there is no charge if there is no flop, but it depends on the game. Because of this, the edge for the house can be lower. In games like Texas Holdem, this can be reduced even more, as the emphasis is on player competition and not player vs. dealer.
As you can see, the house edge differs based on the game, but while this is the way that casinos earn cash, you will soon discover, through constant playing, that you can still come out a winner and make money.
Removing the commission may not be possible, but going home with plenty of dollars is. You simply have to pick the game you like and work on the strategies that will help you get the most out of your bankroll.