November 23rd, 2006 : Written by Brooke Winger
The individual payouts for casino games can vary wildly depending on the game played and the player’s skill. In order to calculate the potential gains for the player, casino games are typically separated into three categories: table games, electronic games, and ticket games. Table games are standard casino games like blackjack, roulette, or baccarat. Electronic games are casino games that rely solely on an electronic mechanism for play, such as a slot machine. The last category, ticket games, consists of games like bingo and keno where a player marks their choices on a slip of paper.
Typically ticket games offer the lowest payouts to the player. These types of games may offer large jackpots, but there is very little chance of actually matching all the numbers necessary to be eligible to win big. For example, a player has a 1 in 389 million chance of matching all fourteen numbers in a standard game of keno. In addition to poor odds, these types of games almost entirely rely on chance. This means that there is no possible way for a player to manipulate the odds in their favor to receive a higher payout.
Like ticket games, electronic games offer the player very few chances to increase their payouts by manipulating the odds. Unlike ticket games, however, electronic games are set to payout a certain amount of the time. Casinos typically set their slot machines to pay out between 90-97% of the time. While this percentage may be high, when you look at it closely it shows that the player will lose their money 10-3% of the time. Electronic games do not offer very good odds over the long term, but could possibly be beneficial to the player who stops before they lose money.
Because the casino presets electronic games, there is the possibility that certain machines are set to pay out more than others. For example, there is research to suggest that casinos manipulate slot machines in high traffic areas to pay out more frequently than average. While the casino may take a loss on that individual machine, the sound of the jackpot motivates the people standing by to take their chance on the gaming floor.
Among all of the games offered in a casino, table games offer the best payouts. Typically, these games are played for higher stakes than the ticket or electronic machines, proportionally raising the potential profits. Most table games have a minimum bet of $5 in order to play. This stands in stark contrast to slot machines, which can often be played for a single coin. There are even some casinos that continue to offer penny slot machines. There is no way of wagering such small amounts on a table game.
Most table games also offer the player the chance to manipulate the odds of probability in their favor. Typically table games are referred to as skilled games, because a skillful player understands the mathematical principles of the game. Blackjack is notorious for having card counting systems that claim to reduce the house edge. With extremely accurate card counting, it is mathematically possible to beat the casino at blackjack. The possibility of manipulating the game to increase payouts makes blackjack a much better game to play than games without lower payouts.
Many popular table games are also preset to have a low house edge. For example, in baccarat, the most popular bets only carry a house edge around 1%. In some table games the house edge can go up to 5% for a standard bet, but even a 5% house edge is better than the potential of a 10% house edge at a slot machine.
For the player who is interested in optimizing their payouts at a casino, it is important to stick to the games with the lowest house edge. In most casinos, the games with the lowest house edge are the table games. While table games need more skill than ticket or electronic machines, they offer the highest payouts to their players. Mastering them takes time, but prowess at the table games can help a player win big at the casino.