If you play casino games like Deco Diamonds Slot, then you must have come across the term ‘House edge’. This term isn’t new to regular casino players as they already know what it means and the importance. But as a new player, you might be wondering what House edge is all about.
This article has been written to answer all your questions concerning house edge. Read on to learn more.
What is House Edge?
In simple terms, the house edge is the advantage that a gambling house or a casino (whether offline or online) has over a player in a particular game.
This should not be confused with the ratio of most lost to the total bet. Rather, it helps to reveal the amount a casino is expected to gain and how much the players should expect in returns.
For example, the house edge of a game could be 5%. This will mean that the casino gets 5% of all money spent on the game. This may seem little but when you consider how many people play a particular game, you’ll realize the money can accumulate into huge profit for the house.
In summary, here are two things the house edge shows you:
- The average amount a game pays to players out over time
- Games that offer you the best returns on your bet
What is RTP?
So, you might be wondering, ‘if the house edge is what the casino expects, what should come to me?’ Here is where the RTP (return to player) comes in.
The RTP is the percentage of money that a player expects from playing a casino game overtime. Simply put, it is the rate of returns a player gets from a particular game.
So while the house edge is for the casino, the RTP is to the player. The RTP is the direct opposite of the house edge.
In our previous example, we assumed the house edge for a game is 5%. In this case, the RTP of the game will be 95%. The higher the RTP, the lower the house edge and vice versa.
However, one thing to note the casino where you’re playing does not determine the RTP or house edge. It depends on the particular game you play. So, it doesn’t matter where you play a game. As long as it is the same, the RTP and house edge remains.
How important is the house edge and RTP?
As a new player on casinos, you might be wondering how to use the knowledge you’ve just gained about the house edge of games. If you want to increase your chances of winning while playing games, knowing the house edge is important.
When you know the RTP of different games, you will be able to make a better choice. This is one thing most experienced players always check before they play.
A game with a higher RTP will pay you better than one with a high house edge. So, you should rather go for slot machines and games with high RTPs for more returns.