Guide to casino games
What are casino games?
Casino games – also called table games - can be played in a casino or online. Gambling activities may include card, dice and random number games played on a table. These are managed by a representative of the casino known as the croupier or dealer. Some of the best known games include poker, blackjack, baccarat and roulette. Casino games work by allowing customers to purchase chips and to bet these on the outcomes of a game (such as a round of poker) or an event (such as spinning a roulette wheel).
Going to a casino is a form of entertainment, but can become harmful. You’re likely to spend more that you win, so it should never be counted on as a way to make money.
The difference between skill and chance-based games
- Games of pure chance. These include roulette, baccarat, money wheel and pokie machines. The odds are not affected by anything the player does or anything they think they know.
- Games of partial skill like blackjack and poker. Some knowledge and judgement may increase your chances of guessing a winning outcome but chance still plays a large role in the result.
Your brain sees patterns that aren’t there
Your brain is constantly scanning the world for things that are predictable and meaningful so that it knows what to do next. However, it runs into problems when it tries to spot patterns in games that are random. Random means that it’s impossible to predict the future from the past. So in games like roulette, craps, baccarat, keno, wheel of fortune and pokie machines, the brain sees patterns that aren’t there.
Take roulette for example...
You may see an electronic display that shows the outcomes of the last few spins. It’s tempting to check the displays for patterns and change your bets according to what you see. But it doesn’t matter what you bet - the next spin is unrelated to all previous spins. The little ball has no memory and can’t remember where it last landed. Don't be fooled by any patterns, they are just an illusion.
Is it your turn to win?
Some roulette players may continue playing even if they are consistently losing because they feel it is their turn to win. If you see that number 23 has not come up for a long time it may seem logical to think it must come up soon. But the outcome of the roulette wheel is random and it does not have a memory. Number 23 has the same chance of winning on any spin.
What is the house advantage?
The house is geared to win in the long run because of a mathematical advantage (or the house edge) that the casino enjoys over the player. You may win on occasions, but continual gambling over time will result in losses for you, the gambler.
The house advantage (or “edge”) is the difference between the true odds (or the mathematical odds) and what a casino pays. This varies across games and is usually expressed as a percentage. The higher the percentage, the more the casino is keeping.1
How the house advantage works in roulette
Roulette wheels feature the numbers 1 to 36, along with a 0 and sometimes a 00 as well. This means the ball can land on 1 of 37 possibilities (or 1 of 38 possibilities in the case of a 00 wheel). In other words the true odds are 1 in 37 (or 1 in 38). However, the highest a casino will pay out in roulette for any single bet is $35 for every $1 you bet (maximum payout rate of 35 to 1). Because the payout rate is lower than the true odds, the house has an advantage every time you spin. The house edge on a 00 roulette wheel is 5.26%. This means that every time you bet $1 you’re likely to lose 5 cents2. Or put another way...