Casino games are one of the highest contributors to gambling revenue in the United States creating over $6 billion in revenue each year.
Each casino game has different odds and probabilities, therefore in order to win a substantial return it is better to know which casino games offer the best odds for players and which ones offers the worst.
To allow you to quickly find the highest payout casino machine we have created the following list emphasizing the casino games with the best odds, with the worst odds, the house edge and payout percentage.
The house edge and payout percentage
Before wagering your money with a well-known operator such as BetAmerica, and before becoming familiar with the odds and probabilities of the different casino games it is important to understand two key terms; the house edge and the payout percentage
Every casino needs to make a profit and this is where the house edge and payout percentage come in.
The house edge is the name given to the casinos profit expressed as a percentage of the players original bet. By knowing the house edge of certain games players can determine if odds are good or not.
For example maybe some casino only pay out 95 cents for every dollar so therefore the house edge is 2.5%. You don’t need to know every detail, but it is important to know that the normal house edge is 2-3 %.
The payout percentage applies to slot machine games and it is similar to the house edge. The payout percentage is the return that players receive for every dollar they wager on slot machines or other similar casino games.
Games with the best odds
If you want to win a substantial payout in casinos today it is important to know which games offer you the best chance. Most people do not know that the games with the best odds are all forms of table games.
Sometimes people may feel intimated by the thoughts of the dealer taking their money so they would prefer to use it on other games like slots or machines. However, in fact there is a higher chance of winning a high payout from the table games listed below.
Normally the house edge for Blackjack is just 1% or as low as 0.13% for most online operators which accounts for why the odds are so good.
Furthermore, in Blackjack you are playing against a dealer not poker professionals which makes it easier to win.
Blackjack is also one of the best casino games for a high payout.
Craps has the second best odds, a low house edge and can potentially return a high payout.
The average house edge is approximately 1.2% but some casinos offers 0.60%.
There is one fundamental bet in Craps the “pass line” bet which almost guarantees all players make and earn a small return, even beginner players. As you get more experienced, you can add more bets to your repertoire and begin to earn a higher payout.
The idea behind Roulette is that each player bets on their favourite numbers, the dealer then spins the wheel and if your number is picked you win.
The majority of casinos have set the house edge for Roulette at 2.7% for single zero and 5.26% for double zero.
Games with the worst odds
It is harder to know the casino games with the worst odds as many casinos do not want to disclose this information for obvious reasons.
According to Forbes‘ the casino games with the worst odds are two of the most popular casino games – the Wheel of Fortune and Slot Machines
Wheel Of Fortune: 11.2%
The concept is very simple, a big wheel with 54 different segments and which ever segment the Wheel stops at is your prize.
With a simple concept usually comes extremely bad odds. The odds are at 54:1 however because each segment is different means that it is more difficult to reach a high payout. Furthermore the house edge starts at 11.2% and goes to 24.07%.
Slots: 1 in 49,836,032
The odds of winning a considerable amount are extremely high. According to WizardofOdds a jackpot amount for 2400 coins has a 1 in 262,144 odds of winning whereas a jackpot of anything for $8 to $33 million has odds of 1 in 49,836,032.
Therefore, it is more profitable for players both online and offline to play table games especially the three with the best odds listed above for a high pay out and the best chances.
Here’s a list of the odds so you can compare them against each other:
|Blackjack||0.13% – 1%|
|Craps||0.60% – 1.2%|
|Roulette||2.7% – 5.26%|
|Wheel Of Fortune||11.2% – 24.07%|
|Slots||1 in 49,836,032|