| By: Jay Adrianna - at February 15, 2015 |
Las Vegas is one town that everyone has to travel to at least one time in their life. The lights and the action are something that everyone can get a kick out of. In recent years, the gritty undertones have been replaced with an almost Disney feel. Everything is family friendly, and the hotels even have amusement park rides the whole family can enjoy. Of course, at its heart, Las Vegas will always be a gambling town. Even with all of the weddings and bachelor parties going on, it is still about the almighty buck at the various casinos throughout town. Every restaurant and every hotel has some way in which you can put your money on the line. These are the places with the best odds of you being able to win big when you are visiting Las Vegas.
The true odds of winning are 37 to 1 or 38 to 1, not the 36 to 1 that is the most the player can get paid on a winning bet. The house edge, the odds advantage in its favor, represents the average. If you are looking for sophistication, you cannot beat the Bellagio Casino. Black Jack Odds: Chance of Winning Approx. In many casinos, the black jack dealer has a slim 1% advantage over the players. Not too surprising given that casinos are for-profit businesses. That slim advantage means black jack has the best odds of all the casino games. It's also one of the easiest card games to learn, which is why it. Feb 25, 2020 The Two Casino Games with the Worst Odds of Winning. The two casino games that are hardest to win also happen to be two of the most popular games to play. They're easy to understand and require little to no skill, so a lot of people play, making lots of money for the casinos.
15) The Venetian
This is one of the prettiest casinos that can be found in Las Vegas, or anywhere else for that matter. From the moment you walk in the door, it is nonstop opulence with gilded décor and ceilings that will certainly make you lose your footing. The massive size of the casino floor may seem off-putting at first, but you will soon get your bearings, and start to enjoy everything that the betting floor has to offer. You can find your niche very quickly with a slew of different games that you are able to get involved in. Everything from slots to blackjack to sports betting is available here. If you enjoy Spanish 21, the Venetian offers some of the best odds for winning at this game in Las Vegas.
The Venetian
By Ricky Barnard via Wikimedia Commons
One of the main draws is that you are able to take advantage of mobile betting. Simply download the app that allows you to bet on races and other games, and you are able to place a bet and check in on the status of your bet as you are walking throughout the hotel. It is not necessary to stay on the casino floor, but with all of the re-creations of art masterpieces, you may be inclined to stay and just take pictures even if you did not have any luck at the tables.
Outside of The Venetian
By ZooFari via Wikimedia Commons
14) Palms Casino Resort
When you are not trying to win your nest egg at the tables in the Palms casino resort, you can enjoy the movie theater or the nightclubs and bars. Once you are ready to sit down, you may not be shocked to find that you are elbow to elbow with Hollywood royalty. Many legends of the silver screen like to hang out at the Palms because of the great restaurants as well as the great gambling that is offered. Among the major casinos, this is one of the few that has some pretty decent odds of winning even if you are betting against some of the higher stakes players.
Palm's Place
By Marc Berry via Wikimedia Commons
The only real suggestion here is to stay away from the slot machines. These are the bread and butter of the casino since the odds are stacked against the players, even though state law requires that they pay out at least 75 percent of what they take. At the tables, there are several people betting against the house. If you find yourself at a table with people who are less skilled than you, you have just as much chance of beating the house as they do. Regular tournament play is on Wednesdays, so if you are just in town to have fun, and don't feel like a tourney, you might want to skip this one in the middle of the week.
Palms Basketball Suite
13) Circus Circus
Ceasar benefits now. If you have the kids along with you, they will certainly get bored if you are at the tables gambling all night long. This is when you might want to consider taking them to Circus Circus. This casino is very family oriented and has décor your children will find highly engaging. They are able to take advantage of the amusement park and the video arcades while you are trying your luck at the tables. It is the best way to make sure you can turn a family vacation into a gambling vacation for you.
By Mutari via Wikimedia Commons
Best of all, since the atmosphere of this casino tends to ward off many of the high rollers, it allows beginning gamblers an advantage in the game. You will be able to play at the poker tables without having to worry about seasoned players taking all of your cash. Chances are that you will be playing against some other tired parents just looking for something fun to do rather than watching the kids for a change. If nothing else, you might just make some friends out your gambling foray.
Midway, Circus Circus
12) Aria Resort & Casino
If you are looking for luxury, it is hard to beat Aria. This is one of the newest casinos on the strip and it is the only casino that is located within the City Center development. The main thing that sets its gambling floor apart from the rest of the casinos' is that it has an open feel. The other casinos give you a kind of claustrophobic feeling with closed roofs and no way to see anything but gleaming lights and gamblers as far as the eye can see. The open construction of Aria is a welcome departure from the norm.
Front View of Aria Resort and Casino
By Sarah Nichols via Wikimedia Commons
If you are getting tired of rolling dice and hunching over the poker table, you can order up a chair massage right on the casino floor. This is a very unique service you will not find at any other casinos. While the massage may not make you a better gambler, you will at least feel like you got something out of money that you spent while on the casino floor.
Lobby of the Aria Hotel
By Colin Rose via Wikimedia Commons
One of the best bets if you are a poker player is that it has more poker tables and options than just about any other casino in town.
11) The Excalibur
Any expert in Las Vegas will tell you to start small and work your way up as you get more experience on the gambling floor. This is why the Excalibur is one of the best casinos to get started at. You will not be surrounded by all those professional gamblers that see the inside of a casino more often than they see their home. There are $5 minimums available, so you are able to start off small and see where things take you. Since the biggest opposition you are likely to face is the dealer, you will have a pretty good shot at winning at least a few hands. If nothing else, it is a good place to get your bearings on what you can expect at some of the larger casinos.
Excalibur During Daytime
By Brian Whitmarsh via Wikimedia Commons
The Excalibur is one of the older casinos in town, so do not expect a lot in the way of glitz and glamour. Also, do not expect a lot of comps. Unless you are willing to spend all your money at the slots (never a good idea) you are not likely to get much for free while you are gambling. Now, if you hit a big winning streak, you will certainly get some free drinks and maybe even a free meal, but you are better off getting your meal elsewhere.
Night View of Excalibur from Tropicana Avenue
By Josh Truelson via Wikimedia Commons
10) Mandalay Bay
After watching poker played on television and in the movies, everyone thinks that they are an expert. Las Vegas is a great town to put those feelings to the test. If you truly have the talent, you will find out. If you don't, you will surely lighten your load while in town. If you just want to try your hand in a real setting, there is no better practice ground than at the Mandalay Bay. This is one of the casinos known for poker, and it is among the only places in town where the casino will actually teach you how to play for free. If you show up in the afternoon, there are lessons given to anyone who wants to take them. Just be careful who is watching you learn.
Mandalay Bay
By Kris1123 via Wikimedia Commons
While you are at the Mandalay Bay, take a little time to walk away from the table and experience the rest of the casino. It is one of the hotels in town that likes to put on a big water and lights show. Since there are so many people drawn to the casino for the entertainment, the odds are stacked pretty well in your favor. With so many different gambling options, you have the ability to choose something you have some talent for.
View from Pool at Mandalay Bay
By Erin Khoo via Wikimedia Commons
9) The Flamingo
This is the casino that many remember from the movie 'Swingers.' It is one of the older casinos in town, and as such, it does not draw a lot of the professional gamblers. Additionally, the tables allow you to place smaller bets and get your feet wet. While you are able to start small, you will also be able to move your way up to playing at some of the higher stakes tables if you feel so inclined. Just make sure that you are getting yourself a drink while you are on a winning streak. More than likely your drink will be for free, and that just makes a good time better.
The Flamingo
By Kvasir via Wikimedia Commons
While many may flock to the Flamingo for the low $5 betting available, they will stay for the inviting atmosphere of the staff and the décor. You are not distracted by a lot of lights and sound. Instead, there is a more subdued atmosphere, so that you are able to concentrate on what you are doing while you are at the table. It can help to bring the fun back for you.
Bugsy Siegel Memorial Outside the Wedding Chapel at the Flamingo Hotel
By Jarhed via Wikimedia Commons
8) Tropicana Las Vegas
If you are going to go to Tropicana, make sure that you join the Players Club first. This is a club that will allow you to have protection if you decide to play the machine-betting games. If you should lose $200, you are protected over the course of three days. This is reimbursed in the form of a 'free play' rather than actually giving you your money back. You will at least be given the opportunity to win your money back. It is suggested that if you already have lost $200, don't go beyond your free plays and lose $200 more. Switch to some other kind of gambling instead.
Tropicana Las Vegas North Tower
By Matthäus Wander via Wikimedia Commons
As some of the older hotels have been demolished or given in to lower rate tables, Tropicana has been able to hold on as one of the better casinos. This may be in large part due to the $200 million renovation that the casino went through. The new theme of Tropicana is to make it look like the casino is set in South Beach. You can find graphics from 'Sex and the City', 'The Hangover', and 'Ghostbusters' on the different walls. You can still find low limits to bet on if you are not willing to risk some of the higher stakes.
Casino and Leaded-Glass Ceiling
7) Paris Las Vegas
Those who live close to the strip will tell you that you have to go to Paris, if for no other reason than to try out the Le Village Buffet. It is renowned as being one of the best on the strip. Of course, you may go for the buffet, but you will stay for the gambling, and the gambling floor will not disappoint you. Keep in mind that the casino floor is pretty big, but you will not have to worry about getting lost. There are definitely larger and more confusing casino floors on the strip. The staff has been rated well and will be more than happy to help you should you not be able to find what it is you are looking for.
Paris Las Vegas
By thinboyfatter via Wikimedia Commons
If you are worried about getting hooked by the professional gamblers, simply stay out of the high stakes rooms. This is where all of the high rollers go to play on a daily basis. The sports bet areas are among the favorite spots for locals and tourists alike to find a fun place to relax. Just settle in and lean back in front of one of the large TVs, and watch the game. Even if you are losing money, you will still be able to enjoy watching the game and having a drink.
Charms of ireland reviews. Paris Las Vegas Lit up at Night
By ZooFari via Wikimedia Commons
6) Binion's Gambling Hall & Hotel
While you are in Las Vegas, you are supposed to check out the Fremont Street Experience, and when you go to Binion's, you are able to do just that. This is the casino where the World Series of Poker got its start. Beginning in 1970, the now famous series brought together some of the best in poker to try their hand at winning a truly huge pot. Do not let this intimidate you from trying to play poker at these tables. There are many novices that want to play in this historic location, and you will be among them, which puts you at good odds of winning whenever you are playing. Just make sure to stay away from the high limit tables if you are unsure of your skills.
Binion's Gambling Hall & Hotel
You will not be able to stay the night at Binion's since the hotel closed in 2009, but you can still get a bite to eat in between hands at the blackjack and poker tables. If you do not want to worry about coins when playing slots, this is the place for you since you will be using a 'ticket-in ticket-out' system while you are playing the machines.
Fremont Street Showcasing Golden Nugget and Binion's
By Johnwalton via Wikimedia Commons
5) The Cosmopolitan of Las Vegas
The Cosmopolitan is another of the casinos where you can take advantage of the Players Club and get a $100 rebate for machine losses. This is another of the newer casinos in town, and it offers a lot for the whole family. You will be able to check out the bars while the kids are enjoying themselves. The restaurants will have something for everyone, so you can have a nice family dinner before sending the kids to bed and seeing what you can do with their college funds.
Cosmopolitan Resort and Casino
By Allen McGregor via Wikimedia Commons
You may want to consider staying at the Cosmopolitan while you are in town. Like several other hotel-casinos, there is a good chance that if you start winning, they will comp your room rate for the duration of your stay.
Odds Of Winning Casino Games
Night View of the Cosmopolitan Resort and Casino
By Cygnusloop99 via Wikimedia Commons
4) El Cortez Hotel & Casino
Almost everyone will tell you to check out El Cortez while you are in Las Vegas. This is for a few different reasons. For one thing, the casino is not on the strip. Instead, it is downtown, and you are able to have better luck with the odds because the casino is not one of the ones where many of the locals will try to prey on tourists. If you are going to be there on the weekend, even better. You will be able to check out the food truck festival that is held there every Saturday. This will allow you to experience all of the different foods that these vendors have to offer.
El Cortez Hotel & Casino
On top of being one of the better places to eat on the weekends, the casino is on Fremont Street, which is a destination that every tourist needs to check out at least once while they are in Las Vegas. This is because the whole Las Vegas scene would not exist if it were not for the downtown area. El Cortez is just one of the last stalwarts left from this bygone era and is a must see. It does not hurt that the odds of you winning are in favor while you are gambling here.
Inside of El Cortez
3) Caesar's Palace
It is hard to imagine a trip to Las Vegas without going to Caesar's Palace. There are very few places that can be described as truly Las Vegas in style, but this is one of them. The entire scene is all out opulence. Built as if it was built for Caesar himself, the entire casino and hotel resembles something out of ancient Rome, with a hefty dose of mythology. It is no wonder that just about all of the boxing matches occur at this location. If you just want to be entertained, you can find what you are looking for at Cleopatra's Barge, including some great drinks and dancing.
Caesars Palace View from Across Bellagio Lake
Of course you are in Las Vegas for the gambling, so you will want to mosey on down to the poker tables. Steer clear of them during the tournament schedules. You will know when these are going on because they are highly publicized within the casino. Keno and sports book, along with tons of slots, give you the choice of how you want to play the odds. Staying with card games will give you the best odds of winning.
Sports Book Betting Area at Caesars Palace
By Blane via Wikimedia Commons
World Famous Forum Shops at Caesars Palace
2) MGM Grand Hotel & Casino
MGM Grand puts the grand back into the casino. It is actually the biggest in Las Vegas. Heck, it is the biggest resort complex in the world. There is simply nothing that can compare with the absolute magnitude of the MGM Grand. As such, the odds are in your favor. If you walk up to a table and you notice that the dealer knows every single person there, just walk on to find a table at which you are not the only stranger. The more people from out of town you can find at a table, the better your chances are of winning because they are not career local gamblers.
MGM Grand Hotel and Casino
By Bobak Ha'Eri via Wikimedia Commons
You do not always have to play poker whenever you want to play a table game. You can also get involved in Casino War, roulette, Pai Gow and more. If you are into poker and that is all you want to play, you will be able to find a multitude of poker games that you can play as well as the varying stakes that are available to you so your chances are even better of winning.
Lion Habitat at the MGM Grand
By Izx from Wikimedia Commons
1) Bellagio
If you are looking for sophistication, you cannot beat the Bellagio Casino. Live roulette online. This is one of the ultimate luxury resorts. As such, you can expect that there are not going to be many low stake tables to get involved in. Of course, you can also expect that you will have a really easy time of winning. The locals tend to stay away from the tables, and big money players come in from out of town to try their luck, often with more money than knowledge of the game.
Bellagio Casino at Night
By Photographersnature via Wikimedia Commons
Expect to get free drinks as long as you are able to stay at the table. In fact, you can expect to get pretty much anything for free as long as you are not losing too much. If you go up and down, you may still be able to get a lot out of the experience. Just make sure that this is not your first stop, so you are able to get some experience under your belt before going for the big money. With some decent experience, the odds are stacked in your favor to win at Bellagio.
'Dancing' Fountains of the Bellagio
By Photographersnature via Wikimedia Commons
Conclusion
These Las Vegas casinos are just a handful of the hundreds of casinos you can try out. The locals will tell you that the best odds are at the casinos outside of town, but gambling experts will tell you to never bet with the locals. This is especially true if you are a novice at gambling. The locals that bet every day will smell you coming from a mile away and cozy right up to you until even your emergency backup money is gone. The best advice is to bet on what you are comfortable with, and above all else, have fun. Never gamble what you are not willing to lose, and never bet with the thought about what you might win. Approach your trip to Las Vegas with these 15 places in mind and bet with a level head, and you might still have some money for a drink on the plane.
Odds Of Winning Mega Millions
Fun Stuff
Top 15 Best Rides and Roller Coasters at Cedar Point
Top 15 Best Water Parks in the World
Top 15 Las Vegas Casinos with the Best Odds of Winning
Top 15 Things That Happened in Vegas Stayed in Vegas
Win at Fair and Carnival Games: Get that Stuffed Prize!
Fun Stuff |
Auto | Health | Holidays | Money | Society | Style | Science | Education | Hobby | Home | Family | Sport | Technology | Food | Travel
Games available in most casinos are commonly called casino games. In a casino game, the players gamble cash or casino chips on various possible random outcomes or combinations of outcomes. Casino games are also available in online casinos, where permitted by law. Casino games can also be played outside casinos for entertainment purposes like in parties or in school competitions, some on machines that simulate gambling.
Categories[edit]
There are three general categories of casino games: gaming machines, table games, and random number games. Gaming machines, such as slot machines and pachinko, are usually played by one player at a time and do not require the involvement of casino employees to play. Tables games, such as blackjack or craps, involve one or more players who are competing against the house (the casino itself) rather than each other. Table games are usually conducted by casino employees known as croupiers or dealers. Random number games are based upon the selection of random numbers, either from a computerized random number generator or from other gaming equipment. Random number games may be played at a table or through the purchase of paper tickets or cards, such as keno or bingo.
Some casino games combine multiple of the above aspects; for example, roulette is a table game conducted by a dealer, which involves random numbers. Casinos may also offer other type of gaming, such as hosting poker games or tournaments, where players compete against each other.
Common casino games[edit]
Notable games that are commonly found at casinos include:
Odds Of Winning In Blackjack
Table games[edit]
| Gaming machines[edit] | Random numbers[edit] |
House advantage[edit]
Casino games typically provide a predictable long-term advantage to the casino, or 'house', while offering the players the possibility of a short-term gain that in some cases can be large. Some casino games have a skill element, where the players' decisions have an impact on the results. Players possessing sufficient skills to eliminate the inherent long-term disadvantage (the house edge or vigorish) in a casino game are referred to as advantage players.
The players' disadvantage is a result of the casino not paying winning wagers according to the game's 'true odds', which are the payouts that would be expected considering the odds of a wager either winning or losing. For example, if a game is played by wagering on the number that would result from the roll of one die, true odds would be 5 times the amount wagered since there is a 1 in 6 chance of any single number appearing, assuming that the player gets the original amount wagered back. However, the casino may only pay 4 times the amount wagered for a winning wager.
The house edge or vigorish is defined as the casino profit expressed as the percentage of the player's original bet. (In games such as blackjack or Spanish 21, the final bet may be several times the original bet, if the player double and splits.)
In American roulette, there are two 'zeroes' (0, 00) and 36 non-zero numbers (18 red and 18 black). This leads to a higher house edge compared to European roulette. The chances of a player, who bets 1 unit on red, winning is 18/38 and his chances of losing 1 unit is 20/38. The player's expected value is EV = (18/38 × 1) + (20/38 × (−1)) = 18/38 − 20/38 = −2/38 = −5.26%. Therefore, the house edge is 5.26%. After 10 spins, betting 1 unit per spin, the average house profit will be 10 × 1 × 5.26% = 0.53 units. European roulette wheels have only one 'zero' and therefore the house advantage (ignoring the en prison rule) is equal to 1/37 = 2.7%.
The house edge of casino games varies greatly with the game, with some games having an edge as low as 0.3%. Keno can have house edges up to 25%, slot machines having up to 15%.
The calculation of the roulette house edge is a trivial exercise; for other games, this is not usually the case. Combinatorial analysis and/or computer simulation is necessary to complete the task.
In games which have a skill element, such as blackjack or Spanish 21, the house edge is defined as the house advantage from optimal play (without the use of advanced techniques such as card counting), on the first hand of the shoe (the container that holds the cards). The set of the optimal plays for all possible hands is known as 'basic strategy' and is highly dependent on the specific rules and even the number of decks used. Good blackjack and Spanish 21 games have house edges below 0.5%.
Traditionally, the majority of casinos have refused to reveal the house edge information for their slots games and due to the unknown number of symbols and weightings of the reels, in most cases it is much more difficult to calculate the house edge than that in other casino games. However, due to some online properties revealing this information and some independent research conducted by Michael Shackleford in the offline sector, this pattern is slowly changing.[1]
In games where players are not competing against the house, such as poker, the casino usually earns money via a commission, known as a 'rake'.
Standard deviation[edit]
The luck factor in a casino game is quantified using standard deviations (SD).[2] The standard deviation of a simple game like roulette can be calculated using the binomial distribution. In the binomial distribution, SD = √npq, where n = number of rounds played, p = probability of winning, and q = probability of losing. The binomial distribution assumes a result of 1 unit for a win, and 0 units for a loss, rather than −1 units for a loss, which doubles the range of possible outcomes. Furthermore, if we flat bet at 10 units per round instead of 1 unit, the range of possible outcomes increases 10 fold.[3]
- SD (roulette, even-money bet) = 2b√npq, where b = flat bet per round, n = number of rounds, p = 18/38, and q = 20/38.
For example, after 10 rounds at 1 unit per round, the standard deviation will be 2 × 1 × √10 × 18/38 × 20/38 = 3.16 units. After 10 rounds, the expected loss will be 10 × 1 × 5.26% = 0.53. As you can see, standard deviation is many times the magnitude of the expected loss.[4]
The standard deviation for pai gow poker is the lowest out of all common casino games. Many casino games, particularly slot machines, have extremely high standard deviations. The bigger size of the potential payouts, the more the standard deviation may increase.
As the number of rounds increases, eventually, the expected loss will exceed the standard deviation, many times over. From the formula, we can see the standard deviation is proportional to the square root of the number of rounds played, while the expected loss is proportional to the number of rounds played. As the number of rounds increases, the expected loss increases at a much faster rate. This is why it is impossible for a gambler to win in the long term. It is the high ratio of short-term standard deviation to expected loss that fools gamblers into thinking that they can win.
It is important for a casino to know both the house edge and variance for all of their games. The house edge tells them what kind of profit they will make as percentage of turnover, and the variance tells them how much they need in the way of cash reserves. The mathematicians and computer programmers that do this kind of work are called gaming mathematicians and gaming analysts. Casinos do not have in-house expertise in this field, so outsource their requirements to experts in the gaming analysis field.
See also[edit]
References[edit]
- ^'Michael Shackleford is the wizard of odds'. Observer. Retrieved 13 October 2015.
- ^Hagan, general editor, Julian Harris, Harris (2012). Gaming law : jurisdictional comparisons (1st ed.). London: European Lawyer Reference Series/Thomson Reuters. ISBN978-0414024861.
- ^Gao, J.Z.; Fong, D.; Liu, X. (April 2011). 'Mathematical analyses of casino rebate systems for VIP gambling'. International Gambling Studies. 11 (1): 93–106. doi:10.1080/14459795.2011.552575. S2CID144540412.
- ^Andrew, Siegel (2011). Practical Business Statistics. Academic Press. ISBN978-0123877178. Retrieved 13 October 2015.
