House Edge:
First, here is an explanation about the term house edge. The house edge is the way the casinos create an artificial advantage over the player to ensure their profits. The advantage is created by not paying the true odds. The house edge is the gap between the true odds and the odds the casino actually pays out for a winning.
Here is an example for clarification. The true odds in an American roulette game are 37:1. However, if you place a one dollar bet, you would be paid 35 dollars instead of 37 dollars, which are the true odds. The two dollars gap between the true odds and the actual payout is the casino house edge. You can calculate American roulette house edge by dividing 2 dollars by 38. The result is 5.26 percent.
Poker:
This is an exceptional casino game. It is the only casino game where you play against the other players instead of competing against the casino. There is not a house edge in poker. Instead, most casinos ensure their profits by collecting a rake, which is a certain percentage of the pot used to cover expenses. Other casinos charge each player by the hour.
Poker is the best casino game to play if you are a skilled player. A skilled player with experience, excellent knowledge in certain game rules, smart strategy and an ability to read facial expressions would have an advantage over the less skilled poker players, especially those who rely on their good fortune.
Blackjack:
This is the only casino game where the advantage can be shifted from the player to the dealer. When you are playing blackjack and using an optimal strategy, the house edge can be lower than 0.5 percent. You can increase your odds of winning and lower the house edge by learning the strategy based on the mathematics of the game.
Another way to lower the casino advantage in blackjack is by card counting. A skilled card counter can adjust his bets and his strategy according to the proportion between high cards and low cards. Mastering card counting requires skill and practice. In addition, since casinos are not especially welcoming card counters to their blackjack tables, you should also practice your hiding skills.
Video Poker:
The resemblance between video poker and slot machine sometimes causes confusion. Nevertheless, contrasting to slot machine, video poker is a game of skill. Playing video poker using an optimal strategy can lower its house edge to less than half percent. As opposed to slot machines, in video poker machine the pay table on the front of the machine enables you to determine the expected return of the game.
For example:
1) In a 9/6 Jacks or Better video poker machine, the expected return percentage can be as high as 99.5 percent.
2) In a 8/5 Jacks or Better machine the return percentage can be 97.3 percent and 95 percent in a 6/5 Jacks or Better video poker machine.
3) In a full paying Deuces Wild machine, the expected return percentage can be 100.17 percent.
