5 ms·

"1% may not sound like a lot, but it's more than the typical casino edge in a game of blackjack or slots." The house edge for slots games is anywhere from 2% t

"1% may not sound like a lot, but it's more than the typical casino edge in a game of blackjack or slots." The house edge for slots games is anywhere from 2% to 15%+ and is one of the worst bets you can make in the casino. Blackjack, video poker and some bets on craps are the only times in a casino where the house edge shrinks to below 1%.

wozniacki 11y ago
Blackjack, video poker and some bets on craps are the only times in a casino where the house edge shrinks to below 1%. Care to cite your source for this or are you a gaming industry insider?
- PhantomGremlin 11y ago
  There's no need for a source. It's common knowledge. Many books, websites, and research papers have extensively studied those games. Edward Thorp is a mathematician who did a lot of analysis about blackjack over 50 years ago.[1] He's a seminal figure in this field. Here's one site I recall mostly because it has a memorable name: http://wizardofodds.com/ http://wizardofodds.com/ [1] https://en.wikipedia.org/wiki/Beat_the_Dealer#History https://en.wikipedia.org/wiki/Beat_the_Dealer#History
  - ChristianBundy 11y ago
    > There's no need for a source. It's common knowledge. Many books, websites, and research papers have extensively studied those games. It's obviously not common knowledge to the person that's asking the question. :~) Thanks for the source though.
    - mod 11y ago
      That one person doesn't know it doesn't mean it's not common knowledge. That said, the edge is not always below 1%. It varies based on the rules. Some games don't allow a surrender, for instance, which changes the edge pretty drastically.
- windowsworkstoo 11y ago
  It says it right on the card on the table that explains the min/max bets (in Aus at least). Also, it's basic stats which can be applied depending the house rules.
- albedoa 11y ago
  > Care to cite your source for this or are you a gaming industry insider? Strange dichotomy to those of us who have been to a casino. They tell you right at the games — you don't need to be an industry insider.
  - wozniacki 11y ago
    You are assuming a lot there. Slow your roll. No casino in the states of NV, CA or LA has ever informed me nor have I seen other patrons be duly made aware of the 2%-15% for the slots nor the 1% for Blackjack, Video poker or Craps. In Nevada, I don't see any stipulation they're even required to, by the Nevada Gaming Commission. [1] [1] LICENSING AND CONTROL OF GAMING - GENERAL PROVISIONS https://leg.state.nv.us/NRS/NRS-463.html https://leg.state.nv.us/NRS/NRS-463.html
    - albedoa 11y ago
      Neither I nor anyone has said that they are required to make you aware, let alone "duly" so. For instance, it makes good business sense for a casino to advertise their 94.64% slot return since they still have an edge. You don't have to be an industry insider or close to it to learn this information, as you implied.

wozniacki 11y ago

Blackjack, video poker and some bets on craps are the only times in a casino where the house edge shrinks to below 1%. Care to cite your source for this or are you a gaming industry insider?

PhantomGremlin 11y ago
There's no need for a source. It's common knowledge. Many books, websites, and research papers have extensively studied those games. Edward Thorp is a mathematician who did a lot of analysis about blackjack over 50 years ago.[1] He's a seminal figure in this field. Here's one site I recall mostly because it has a memorable name: http://wizardofodds.com/ http://wizardofodds.com/ [1] https://en.wikipedia.org/wiki/Beat_the_Dealer#History https://en.wikipedia.org/wiki/Beat_the_Dealer#History
- ChristianBundy 11y ago
  > There's no need for a source. It's common knowledge. Many books, websites, and research papers have extensively studied those games. It's obviously not common knowledge to the person that's asking the question. :~) Thanks for the source though.
  - mod 11y ago
    That one person doesn't know it doesn't mean it's not common knowledge. That said, the edge is not always below 1%. It varies based on the rules. Some games don't allow a surrender, for instance, which changes the edge pretty drastically.
windowsworkstoo 11y ago
It says it right on the card on the table that explains the min/max bets (in Aus at least). Also, it's basic stats which can be applied depending the house rules.
albedoa 11y ago
> Care to cite your source for this or are you a gaming industry insider? Strange dichotomy to those of us who have been to a casino. They tell you right at the games — you don't need to be an industry insider.
- wozniacki 11y ago
  You are assuming a lot there. Slow your roll. No casino in the states of NV, CA or LA has ever informed me nor have I seen other patrons be duly made aware of the 2%-15% for the slots nor the 1% for Blackjack, Video poker or Craps. In Nevada, I don't see any stipulation they're even required to, by the Nevada Gaming Commission. [1] [1] LICENSING AND CONTROL OF GAMING - GENERAL PROVISIONS https://leg.state.nv.us/NRS/NRS-463.html https://leg.state.nv.us/NRS/NRS-463.html
  - albedoa 11y ago
    Neither I nor anyone has said that they are required to make you aware, let alone "duly" so. For instance, it makes good business sense for a casino to advertise their 94.64% slot return since they still have an edge. You don't have to be an industry insider or close to it to learn this information, as you implied.