Different games of chance have varying odds, with casinos having an edge to make a profit. Craps and blackjack offer the best gambling odds for players, with craps having lower house odds when played conservatively, and blackjack having low house odds when played with a single deck. Other games, such as baccarat or pai gao poker, offer decent player odds when acting as bankers.
Different games of chance have different odds associated with them, depending on what the odds are of the player winning over the other players or the house. Modern casino games all give the house an edge so they can make a profit and survive. Some games have relatively low house odds, ranging from less than 1% in their favor for games like blackjack, to more than 20% for games like big six or keno.
Craps and blackjack have some of the best gambling odds for the player in casinos. Craps has different odds depending on how it is played, but at its best it can be nearly a game on par with the house. Playing wild, playing with propositions on 2 or 12, or playing for any craps gives a house edge between 11.11% and 13.89%, while playing for a proposition 7 gives the house a 16.67% edge.
On the other hand, when played conservatively, such as a strictly passing game, the odds become much more favorable for the player. At 1X odds, passing the dice played gives a house edge of only 0.85%. Most houses allow at least a 2X game of odds, which means that the player can place an odds bet that is double his pass line bet. When playing at 2X odds, the house edge drops to 0.61%, and with houses allowing even larger odds increases, it gets even lower, down to 0.32% at 5X, 0.18% at 10X, and down to 0.02% at 100X, making it almost an even game.
Blackjack also has a fairly low house edge, when played by an experienced player who can look at the cards fairly accurately. The odds for blackjack change dramatically as the amount of decks played increases, so that the player’s best odds occur when playing a single-deck game. With one deck, the house edge is only 0.20%, rising to 0.35% with two decks and as high as 0.63% for an eight-deck full play. These gambling odds are based on a basic game of blackjack, assuming the player knows when to stand, hit, split and double down. Blackjack played while card counting can give the player an edge of between 1% and 2%, but while it is not illegal, most casinos are looking for card counters and will kick them out.
While these two games traditionally have the best odds in casinos, some others can offer relatively strong player odds with decent payouts. One such set of games are those in which players can choose to act as bankers, such as baccarat or pai gao poker. As a banker, the player pays a certain percentage of his income, usually about 5%, to the house, but keeps the rest. This can offer a good opportunity for the player to increase his odds such that the house only takes between 1% and 2%.
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