When you have just redeemed a bonus, the last thing you want to waste it on is bets that are to the exact opposite of your advantage. The idea behind house edge is very simple: in the beginning, the player and the casino are on even playing ground, each one has an equal chance to win, hence a house edge of 0.00%. This percentage merely means that the house does not have any advantage over the player. Certain manipulations or rather designs of each game allow the house (the casino) to gain an advantage over the player because after all this is what will ensure that the casino gets some income in. Hence, the higher the house edge, the higher the chance of the player losing. Below are some bets that you will want to avoid when wagering with your bonus (or your own money).
This is known as one of the worst bets in table games. This bet comes with a house edge of 14.36% making you an extremely lucky person f you ever win anything from making such a bet. The Baccarats Draw bet comes in contrast to the games two other bets which are both some of the best bets a player can make at casino table games.
7, 2, 12 Craps bets
Betting that the number to be rolled on the Craps table is a 7 – whether on the come out roll or any roll following it – gives the house an edge of 16.67%. Needless to say that these are monstrous odds stacked against the player. Additionally, statistically, 2 and 12 (as the minimum and maximum numbers) are the least likely numbers to be rolled and so offer the player very little advantage. Both numbers have 13.89% house advantage.
Taking an insurance bet is quite tempting because of the wording. Nevertheless, this bet makes it to the worst bets list simply because it comes with a house advantage of 8%. This is significantly lower than the house edges presented by the bets above but it is still too high for the house advantage that the player should ideally be playing with.
Any slots bet
Calculating the house edge on slots is not as set in stone as the house advantages of table games. With online slots, the house edge may very well vary between different casinos while the house edge of table games will always be a certain percentage. In general, slot machines offer some of the highest house edges on a casino floor. A good indicator of the house edge of slot machines at a casino is looking at the payout percentage used by the casino. If the payout percentage is 87%, then the house has a 13% advantage over the player, hence a 13% house edge. Some casinos have recorded payout percentages up to 98% which is a notable decrease in the house edge. However, in general, slots offer 10-15% in house advantage, making them quite a risk in comparison to games such as Blackjack where the house edge could be as low as 0.28%.
The one that takes the cup for the worst casino bet given the high house edge is playing the game of Keno. This game gains the house a stellar 25-30% advantage over the player, making it quite a stunt to invest in such a bet. The thing about Keno is that it is basically the Lottery just with slightly less house advantage. The possibility of each number being picked does not decrease as the more places are taken on the board. This makes it that much more difficult for the player to get the winning combination of numbers.