Understanding "House Edge"
Few casinos have to close down for lack of money, and the main reason can be summed up in two words - house edge.
This dictates that, over the long term, there is a statistical imbalance in favour of the casino.
Whatever the game - blackjack, craps, video poker, roulette or baccarat - the "house" has the upper hand in percentage terms.
Understanding the edge, and working with it, is good strategy.
Statistically, the game with the greatest chance of nullifying the house's advantage is blackjack. It's possible, when a player uses basic strategy, to reduce the house edge to less than one per cent.
Basic strategy does not mean card counting; it is playing the percentages, knowing when to hit and when to stand, depending on what cards have been dealt to that point. It's not necessary to know the exact statistics on how likely an ace is to appear at a given time, just follow the well-established rules on when to take a card, when to split, when to double down and so on.
The house edge in blackjack also depends on the number of decks used in a shoe. The more decks used, the greater the probability of the casino winning in the long run. A single deck (good luck finding this) yields only a 0.17 per cent advantage to the house, whereas a casino using eight decks has a 0.66 per cent edge.
In craps, bets on the don't pass/don't come bar give the house just a 1.36 per cent edge, while pass/come is slightly higher at 1.41 per cent.
And while you might fancy "snake eyes" - a bet on the dice to roll a total of two - you should be aware that the house has an advantage of nearly 14 per cent. This is because though the true odds of two ones appearing are 35/1, the odds paid are only 30/1.
Before deciding whether to play the American or European version of roulette, bear in mind there is one extra number (double zero) on the American table.
As a result, the house edge goes up from 2.7 per cent on a European table to 5.26 on the American version.
Written by Alex Corcoran, online gaming writer with a passion for Blackjack, poker and uk bingo sites
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Online Poker Room Choices
With online betting, the man who likes to spread his money across a variety of casino games, will look for a strong internet poker room that offers other table games and betting options.
Once the only action around was online poker. With so many options for your gambling dollar, it can be hard to decide where to play. There's online backgammon, online sports books, online casinos, online bingo, you can even bet on politics.
Here are some of the advantages to finding a big room with a variety of games:
Poker is supposed to be fun. Having a big room full of people to play with any hour of the day is fun. Waiting around hoping and praying that the game you want to play at the stakes you want to play it at is decidedly not fun.
- Big rooms generally will offer the best bonuses and promotions, especially blackjack and poker bonuses.
- A room that has both an active poker player's club, and casino player's club is going to reward its most loyal customers with vip service, and a lot of frequent player rewards.
- Find a room that let's you build up a lot of player points, and one that let's you trade those points in for cool swag. Would you rather win an ipod or a bunch of t-shirts? I know my answer.
- Big rooms are the safest. A fly by night operation may offer you a big initial bonus, but generally the terms are restrictive, and if the room folds, you've put yourself at risk.
Party Bets meets all the bullet points. The poker and online casino software is great. It's the biggest room around, it's got great customer service, and awesome sign-up bonuses. If you're looking to place a bet on Portsmouth, or the ponies, Party Bets is the place to do it.
At party bets you can bet on nearly anything. you can even bet on the election, plus with all these live betting events you'll never go any where else, you can place your bets online quickly and easily, view sports news, soccer stats and live scores and results. Plus, you can take advantage of the huge party bets bonus codes for first time depositors, party bets also provides one of the fastest payout services available online, making cashing out your winnings a breeze, also provided is an extensive sports news section allowing you to read about the latest sporting news from around the world covering all the major sports including all the top racing action from across the globe.
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Cash Game Poker 101
If you learned poker from watching it on television, you may have never played a cash game before. Many players have gone straight from watching WSOP or WPT broadcasts to playing Internet
Texas Holdem in sit and gos or multi-table tournaments.
However, most of the great players got their start and continue to make money in cash games. If you are thinking of trying cash game poker, here are a few things to expect.
Limit Vs. No Limit
Most people choose to play no limit tournaments as a matter of course.
the most common and the most fun to play. However, if you are going to play cash game poker, you are going to have to decide whether you want to play a limit or a no limit game.
Limit games are described by their limits, for example, in a $3/$6 limit game you can bet $3 before and on the flop, and $6 on the turn and river. No limit games are described by their blinds. A $2/$4 blind game means that the small blind puts up $2 and the big blind puts up $4, with subsequent raises needing to be at least $4, but which can be any amount up to a player’s
No limit games have much more variance. However, they allow you to protect good hands, bluff and trap much more effectively than in limit games.
In a cash game, you can win or lose considerable sums very quickly. This can come as a shock to tournament players who are usually prepared to lose only their buy-in. You should come to a game prepared to put two or three buy-ins into play, so that you can weather the variance of the game.
Managing the Blinds
Since the blinds in cash games never go up, you do not have to be as aggressive as in tournaments. You can afford to wait for strong hands before ever entering a pot. You can also be willing to risk more money on smaller edges, since a loss will not eliminate you from a cash game as long as you have money in your pocket.
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