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While casinos always have an edge, your betting strategy should begin with knowing which games have the lowest house edge. In general, you’ll find the lowest house edges with poker, blackjack, craps, and baccarat, but not all bets in these games have low house edges, so you have to know which bets give the house the lowest edge. While players can win and win big, over the long run, the house always makes a profit. Here are a few tips on betting to help you minimize losses and maximize your chances of gain.
Poker, of course, not only depends on luck, but on the skill of the players. One of the biggest betting mistakes made by beginning poker players is thinking that just because they have put money into the pot they have to stay in the game till the bitter end. But the act of putting money into the pot doesn’t help you win. If you feel sure you have been beaten, then go ahead and fold, because you don’t gain anything by playing a hand all the way to the end.
Also, you should be aware that Online Poker is often more aggressive than live poker. With online poker, you can win more by attacking the blinds and turning small advantages in your favor, but with live poker, those small edges may not be worth going after due to the different style of play.
Blackjack house edges differ depending on how many decks of cards are used, and whether blackjack pays out at 3:2 or at 6:5. The more decks of cards that are used, the greater the house edge. If you are a decent blackjack player who knows basic blackjack strategy, then the house edge is only about 0.5%. Some blackjack bets have huge house edges, like the “insurance” bet you may be offered when the dealer’s face-up card is an Ace. The insurance bet is basically betting that the dealer has blackjack, and there are only four possible cards in a deck that will give the dealer blackjack. So the insurance bet is a sucker bet, and you should avoid it.
Additionally, if you love playing blackjack, one of the best betting tips to learn basic blackjack strategy, which is not the same as learning to count cards. Once you learn basic blackjack strategy, you’ll get the house edge closer to its theoretical 0.5%.
With craps, the pass and don’t pass bets are your safest, because the house edge on pass bets is just 1.41%. On don’t pass bets, it’s only 1.4%. Most people choose to make pass bets at live craps tables as a sort of “positive vibe” for the shooter. The come-out bet is your best chance for winning a pass bet because there are six ways the shooter can roll 7 and two ways he or she can roll 11.
At the baccarat table, it’s all based on luck, except for the “tie” bet, which is based on gullibility. While baccarat carries an overall low house edge, the house edge on the tie bet is over 14%, so one of the best tips on betting in baccarat is avoiding tie bets. For baccarat in general, the house edge is 1.24% for player bets, and for banker bets it’s 1.06%, so baccarat overall has some of the lowest house edges in the casino. While casinos always have an edge, your betting strategy should begin with knowing which games have the lowest house edge. In general, you’ll find the lowest house edges with poker, blackjack, craps, and baccarat, but not all bets in these games have low house edges, so you have to know which bets give the house the lowest edge. If you want to find a great resource on tips on betting, you may find a useful website is tipsonbetting.net.Share on: