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- Best Gambling Odds In Vegas
Roulette wheel | Photo by Christopher Furlong/Getty Images
Spending a weekend gambling in Vegas may be fun, though you'll probably have an even better time if you win big at the tables. If you're hoping to beat the odds at the casino, the game you choose to play matters. You're more likely to come home a little bit richer if you sit down at the blackjack table rather than settling in with the gray-haired set at the slots. Play criss cross poker online. Mac 0sx 10 7 download.
It all comes down to math. Amateur gamblers may hope luck is on their side when they walk through the doors of the Bellagio or Caesars Palace, but what they really need to think about are the odds of winning at different games. While the house always has an edge, it's much bigger in some situations than in others. That's why you never see smart gamblers wasting their time playing keno or wheel of fortune – games where you're almost guaranteed to lose money.
Casino games with the best odds
Out of all the casino table games, blackjack offers the best odds. Roulette odds are still great, though. As you will see from checking out our roulette payout chart, European roulette odds are better than American roulette odds. This is because European roulette features a single zero. Roulette games with a single zero have a house edge of 2.7%.
Savvy gamblers are going to cluster around the blackjack tables, where the casino's edge is usually between 0.5% to 1%, though the number varies depending on the number of decks and other rule variations. You can calculate the house edge on a particular game of blackjack using the Wizard of Odds online calculator. Those numbers also assume you're playing with what's known as basic strategy, or making the best possible decision based on the cards you've been dealt. For the average player who's going to make some mistakes, the house's edge increases to 2%, according to the University of Nevada's Center for Gaming Research.
Discover the Best Payout Casinos in 2020 - Our ultimate guide to online casinos that offer higher payouts to players, or games that offer favorable odds. El Cortez has the best single-deck blackjack game at $5 a hand, while M Resort has the best high roller odds for players willing to plop down $5,000 a hand. In Table 1 you will find the top blackjack tables in Las Vegas that offer fair rules and great payouts. NFL Football Week 10 odds and betting lines. Includes updated point spreads, money lines and totals lines. The NFL Las Vegas Odds are listed in order of rotation and those numbers are generated and produced by the sportsbooks. Above each matchup and rotation is the Time of the game, which is subject to change. All game times are Eastern Standard Time. One of the best features on the NFL Vegas Odds is the Open Line.
Blackjack table | Photo by Christopher Furlong/Getty Images
'Blackjack is one of our easiest games to play,' Jay Bean, a floor manager at Caesar's, told Cleveland's Newsnet5. 'You're just looking for a number that beats the dealer's number without going over 21.'
'You are somewhere between 44% to 48% in every single hand of winning,' Michael Magazine, a professor of analytics at the University of Cincinnati, said of blackjack.
After blackjack, the games with the best odds are baccarat and craps. In baccarat, which is a game of chance rather than skill, the odds are close to 50/50, though your chances are slightly better if you bet on the banker rather than the player. At the craps table, the house edge on a pass line bet is 1.4%.
Roulette is one of the easiest casino games to play, and the odds are also fairly good. If you only bet on red or black or evens or odds (as opposed to a specific number) the house edge is 5.26%, assuming you're playing in an American casino with double zeros on the wheel. Your odds of winning are better in a European casino with a single-zero wheel.
Video poker is another game with fairly good odds for players. 'For video poker the statistical advantage varies depending on the particular machine, but generally this game can be very player friendly — house edge less than 3% is not uncommon and some are less than 1% — if played with expert strategy,' per the Center for Gaming Research.
Casino games with the worst odds
Slots may be less intimidating to novice gamblers than table games like blackjack, but the house is more likely to take you for a ride. Each slot machine is different, but the Wizard of Odds estimates the house edge for penny slots at between 6% and 15%. If you can't resist the slots, chose a higher-denomination machine, since these tend to have a higher payout percentage than lower-denomination slots.
'The average slot machine is probably two, three times more costly to players than the table games,' Bill Zender, a former professional gambler, told Mental Floss.
Even worse than slots are 'sucker games' like wheel of fortune and keno. The house advantage on keno averages 27%, according to the Center for Gaming. For wheel of fortune games (which also go by names like 'big six' and 'lucky wheel'), the house edge ranges from 11% to 24%, depending on your bet.
Whether you choose to take a chance on the wheel of fortune or are a high-roller playing baccarat, understanding how the game is played will put you ahead of most other players.
'Ninety percent of the people who walk into a casino have no idea of the odds stacked against them,' Zender said.
Also keep this in mind: The more you gamble, the likelier you are to lose. An analysis of online gamblers found that those who bet the least also had the highest winning percentage. But even then, the numbers weren't great. Seventeen percent of the lightest gamblers ended up in the black over a two-year period. Only 5.4% of the heaviest gamblers came out ahead.
'[T]he average person doesn't understand the math' of the multiplier effect, Jim Kilby, who has written books on casino management, told the Wall Street Journal. 'Casino games are nibbling machines, and the more nibbles you have, the bigger your losses.'
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More from Money & Career Cheat Sheet:Ever since the 1980s, casinos have discovered that they make more profits off their slot machines than they do from their table games. This is just as true of online casinos as it is of land-based gambling halls. In Las Vegas, where free drinks and loyalty rewards have long been used as inducements for slot play, the latest promotional craze is bragging about payback rates. Where are the biggest jackpots being hit? Who can offer the best slot machine odds?
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If you listen to Las Vegas locals, they say never play the slots at casinos that line Las Vegas Boulevard. 'Strictly for tourists,' they will tell you. Then, they'll point downtown where many of the city's oldest casinos are grouped within easy walking distance from one another and add, 'The best payouts are along Fremont Street.'
But what do the actual numbers say? Is Vegas street wisdom to be believed? And what to make of claims made by casinos themselves? Who really has the loosest slots in town?
Downtown vs. the Strip
Overall, slots generate nearly 60% of Nevada's annual gaming revenues and almost twice as much as table games. The Nevada Gaming Control Board breaks down its Las Vegas slot statistics in two major tourist areas: downtown and the Strip. Additionally, there is a large locals market, which reports of gaming revenue classify as the Boulder Strip and North Las Vegas areas.
In the full fiscal year between July 1, 2011 and June 30, 2012, the payback percentages for all slots in Clark County were 93.51%. By area, the downtown paid back 93.47% and the Strip returned 92.62%, so there is a certain ring of truth to the locals' claim. However, what goes unsaid is that North Las Vegas slots returned 93.91% and the Boulder Strip slots paid back 94.76%, so the best advice is to avoid the tourist areas and play where the locals play.
Compared to fiscal 2011, all of the areas except the Boulder Strip showed a slight reduction in paybacks in 2012. Slots located along Boulder Highway paid out exactly the same year on year; they include the machines of such popular casinos as Sam's Town, Arizona Charlie's, and Boulder Station, to name a few.
Odds by Slot Type
'Blackjack is one of our easiest games to play,' Jay Bean, a floor manager at Caesar's, told Cleveland's Newsnet5. 'You're just looking for a number that beats the dealer's number without going over 21.'
'You are somewhere between 44% to 48% in every single hand of winning,' Michael Magazine, a professor of analytics at the University of Cincinnati, said of blackjack.
After blackjack, the games with the best odds are baccarat and craps. In baccarat, which is a game of chance rather than skill, the odds are close to 50/50, though your chances are slightly better if you bet on the banker rather than the player. At the craps table, the house edge on a pass line bet is 1.4%.
Roulette is one of the easiest casino games to play, and the odds are also fairly good. If you only bet on red or black or evens or odds (as opposed to a specific number) the house edge is 5.26%, assuming you're playing in an American casino with double zeros on the wheel. Your odds of winning are better in a European casino with a single-zero wheel.
Video poker is another game with fairly good odds for players. 'For video poker the statistical advantage varies depending on the particular machine, but generally this game can be very player friendly — house edge less than 3% is not uncommon and some are less than 1% — if played with expert strategy,' per the Center for Gaming Research.
Casino games with the worst odds
Slots may be less intimidating to novice gamblers than table games like blackjack, but the house is more likely to take you for a ride. Each slot machine is different, but the Wizard of Odds estimates the house edge for penny slots at between 6% and 15%. If you can't resist the slots, chose a higher-denomination machine, since these tend to have a higher payout percentage than lower-denomination slots.
'The average slot machine is probably two, three times more costly to players than the table games,' Bill Zender, a former professional gambler, told Mental Floss.
Even worse than slots are 'sucker games' like wheel of fortune and keno. The house advantage on keno averages 27%, according to the Center for Gaming. For wheel of fortune games (which also go by names like 'big six' and 'lucky wheel'), the house edge ranges from 11% to 24%, depending on your bet.
Whether you choose to take a chance on the wheel of fortune or are a high-roller playing baccarat, understanding how the game is played will put you ahead of most other players.
'Ninety percent of the people who walk into a casino have no idea of the odds stacked against them,' Zender said.
Also keep this in mind: The more you gamble, the likelier you are to lose. An analysis of online gamblers found that those who bet the least also had the highest winning percentage. But even then, the numbers weren't great. Seventeen percent of the lightest gamblers ended up in the black over a two-year period. Only 5.4% of the heaviest gamblers came out ahead.
'[T]he average person doesn't understand the math' of the multiplier effect, Jim Kilby, who has written books on casino management, told the Wall Street Journal. 'Casino games are nibbling machines, and the more nibbles you have, the bigger your losses.'
Follow Megan on Facebook and Twitter
More from Money & Career Cheat Sheet:Ever since the 1980s, casinos have discovered that they make more profits off their slot machines than they do from their table games. This is just as true of online casinos as it is of land-based gambling halls. In Las Vegas, where free drinks and loyalty rewards have long been used as inducements for slot play, the latest promotional craze is bragging about payback rates. Where are the biggest jackpots being hit? Who can offer the best slot machine odds?
Find the best online slot machines at these casinos
- Accepts Players From USA
- Hundreds Of Popular Casino Games
- Amazing New Online Casino
- Play Instantly On Mobile Or Desktop
Deposit Options include:- visa
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- bitcoin
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- Reputable, Legit, USA Online Casino
- Quick Payouts, Easy to Use Software
- Mobile, Download, and Instant Play
- Excellent 225% Deposit Bonus
Compatible with:- windows
- apple
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- Top USA Friendly Casino, Fast Payouts
- Quick Visa & Bitcoin Deposit Options
- Safe, Secure, and Highly Reputable Online Casino
- Excellent Welcome Bonus of 300%
Deposit Options include:- visa
- mastercard
- amex
- debit
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- ethereum
- litecoin
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- Visa, MasterCard, & More Deposit Methods
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- Safe and Legitimate Australian Casino
- 100s of Slots and Table Games
- Mutiple Daily Deposit and Reload Deals
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If you listen to Las Vegas locals, they say never play the slots at casinos that line Las Vegas Boulevard. 'Strictly for tourists,' they will tell you. Then, they'll point downtown where many of the city's oldest casinos are grouped within easy walking distance from one another and add, 'The best payouts are along Fremont Street.'
But what do the actual numbers say? Is Vegas street wisdom to be believed? And what to make of claims made by casinos themselves? Who really has the loosest slots in town?
Downtown vs. the Strip
Overall, slots generate nearly 60% of Nevada's annual gaming revenues and almost twice as much as table games. The Nevada Gaming Control Board breaks down its Las Vegas slot statistics in two major tourist areas: downtown and the Strip. Additionally, there is a large locals market, which reports of gaming revenue classify as the Boulder Strip and North Las Vegas areas.
In the full fiscal year between July 1, 2011 and June 30, 2012, the payback percentages for all slots in Clark County were 93.51%. By area, the downtown paid back 93.47% and the Strip returned 92.62%, so there is a certain ring of truth to the locals' claim. However, what goes unsaid is that North Las Vegas slots returned 93.91% and the Boulder Strip slots paid back 94.76%, so the best advice is to avoid the tourist areas and play where the locals play.
Compared to fiscal 2011, all of the areas except the Boulder Strip showed a slight reduction in paybacks in 2012. Slots located along Boulder Highway paid out exactly the same year on year; they include the machines of such popular casinos as Sam's Town, Arizona Charlie's, and Boulder Station, to name a few.
Odds by Slot Type
The Gaming Control Board statistics also indicate which slots pay out the best in order of the denomination of credit played. In fiscal 2012, Megabucks progressive slots showed the worst payback percentage overall, just 87.16%. However, the appeal of a massive jackpot obviously outweighs the poor odds during hard economic times, as Megabucks revenues rose 59% versus fiscal 2011—the biggest gain among all types of slots.
At the other end of the spectrum, the very best payback percentages came from high roller slots. Those accepting denominations of $5, $25 and $100 returned 94.67%, 96.52% and 96.30%, respectively—proving once again that it takes money to make money.
Vegas Games With The Best Odds Super Bowl 2020
For those whose champagne tastes come with beer budgets, the most fruitful games are on the nickel and quarter slots, which also include video poker machines of those denominations. Fully 94.48% of all 25¢ wagers were returned in fiscal 2012. Coming in right behind were nickel slots, paying back 94.40%.
Many slot players enjoy multi-denomination slots, which were a reasonably good bet in 2012 with a 94.65% payback rate. Meanwhile, dollar machines were not bad performers, yielding a 94.42% return of the cash invested. Much less favorable to players were penny machines, returning just 89.33%—the worst bet other than Megabucks.
What About Other Games
If slots aren't your cup of tea, and you much prefer real money blackjack, then visit our dedicated page to online blackjack. United States Blackjack typically affords better odds than the slots, especially if players are willing to learn card counting. Bet your real money wisely with the tips you garner from reading legitimatecasino.com.
Vegas Games With The Best Odds Nfl
Who's Really #1?
Best Gambling Odds In Vegas
For those looking for a specific casino to frequent or a certain machine offering the very best slot odds, it is hard to separate the hoopla from the reality. The Gaming Control Board statistics do not reveal the results casino by casino or machine by machine. Wheel of fortune comcom. And the claims made by the casinos themselves have to be taken with a grain of salt.
For example, in 2010 the Palms Casino Resort launched a massive advertising campaign based upon the results of an 'independent survey by the Las Vegas Advisor (that) indicates Palms' slots and video poker returns are better than the average payback percentages in Nevada.' Their claim was that Palms' slots were '28.278 percent looser than Clark County and 36.856 percent looser than the Strip.'
Not to be outdone, in 2011 the downtown's El Cortez Casino shot back with advertising claiming that their slots were '39% looser than the Strip,' implying looser than the Palms' slots by inference. Most lists of 'hot slots' in Las Vegas mention the two properties as #1 and #2, but with three Megabucks jackpots awarded since 2004, perhaps the Palms deserves a slight edge. The El Cortez has paid no Megabucks winners to date.
