Which Gambling Game Has The Best Odds

• Which Casino Game Has The Best Odds
• Which Gambling Game Has The Best Odds Of Winning
• Which Gambling Game Has The Best Odds For The Player

Most gamblers focus on games that provide them the most entertainment value for their money. Others look for games with better odds.

Slot machines and the lottery are two of the most popular types of gambling games in the United States and worldwide. So, which game offers better odds, slot machines, or the lottery?

Craps is a game of chance played with dice. Craps and blackjack have some of the best gambling odds for the player in casinos. Craps has different odds depending on how it’s played, but at its best, it can be almost an even game with the house.

On this page, I’ll discuss the lottery vs. the slots in terms of odds and winnings. Continue reading to learn more below.

Winning Jackpots

Before I get into the details of the real factors like the house edge and return to player, let’s look at why people are so drawn to the lottery and progressive slots.

Nov 28, 2018 You may not have perfected the art of card counting at MIT but blackjack is still one of the best bets you can make at a casino. Even if you’ve never played a single game of blackjack in your life you still have a pretty good chance of coming away with a winning hand as long as you know how to do simple addition. Blackjack has always been a classic game at the casino, and the small edge makes it the perfect game if you want to finish your casino session in the black. A number of other casino table games could be considered midrange when it comes to RTP: Baccarat, a popular game at the casino, has an RTP of 98.99%. Craps boasts an RTP of 98.64%.

Winning the lottery offers players the potential to instantly begin a seemingly new life. People are drawn in by the potential to go to bed with a few hundred dollars in the bank and wake up a multimillionaire.

I’m referring to the lottery games with huge payouts like the Powerball and MegaMillions games. I have never met a single person that chatted me up about how they really wish they’d hit four numbers on Power Ball and cash in that $100 ticket.

It would seem that every ticket is bought to match all five numbers plus the Powerball. I mean, $100 is far from terrible for a $2 investment, but it won’t cover the electric bill. No, players spend hours dreaming of how they’ll spend their immense fortune after they hit the jackpot.

I’ll admit, shopping for a new Ferrari sounds like more fun than paying the internet bill. Unfortunately, only a handful of lottery players will ever get that opportunity. The largest Powerball jackpot in history was pushing $1.6 billion. That’s the kind of money many people can’t even fathom.

Progressive slots also provide instant entry into the lifestyle of the rich and famous. The most famous and lucrative of the progressive slots is Nevada’s Megabucks.

Megabucks gives players the chance to turn $3 into over $10,000,000. You may choose to play for $1, but you’ll be playing for a much smaller top prize.

If you’re one of the lucky few that see three jackpot reels line up on a $3 spin, you’ll be handsomely rewarded.

Odds of Hitting a Massive Payday

Huge multi-state lotteries like Powerball typically pay out around 50%. Most of the winners on a gigantic lottery game are small prizes.

For example, in the Powerball game, you have a 1 in 38 chance of hitting the Powerball and doubling your $2 investment.

As the prize amounts increase, your odds decrease dramatically. Remember that $100 prize I mentioned earlier? Your odds of winning it are a sobering 1 in 36,525. Indeed a tremendous gap for a relatively short jump in money.

If you are like most lottery players, these numbers mean nothing to you. You came to dance, and nothing short of hitting the jackpot will fulfill your dreams. Well, you probably know the odds aren’t in your favor. So, I’ll cut to the chase…

Your odds of hitting the Powerball jackpot are an astronomical 1 in 292,201,338.

What about the Megabucks slots? Megabucks actually gives you much better odds at hitting the jackpot. Of course, the jackpots rarely reach the massive numbers of the lottery.

However, the average jackpot size is around $10 million. I don’t run in circles where not one of us could use an extra $10 million. You may even hit the jackpot when it climbs close to $40 million as one anonymous gambler did back in 2003.

Wherever the jackpot happens to sit at any given time, your odds are roughly 1 in 50,000,000. It’s still not great, but that’s considerably better than the Powerball lottery.

Scratch-Offs

Scratch-off lottery tickets can be purchased at just about any convenience store or gas station in many US states. These instant win games can be purchased for as little as $1.

I am of the variety that rarely carries cash anymore. But I’ll sometimes see a couple of singles in my wallet leftover from my tipping fund or maybe some golf winnings. I enjoy dropping $2 to $5 on a ticket and seeing if I can’t surprise my wife with flowers or whatever she happens to have on her wish list.

Rarely have I won any significant cash, but for as little as I play, I’m definitely in the black. Scratch-offs may start at $1, but the games in some areas can go all the way up to $50.

The amount of the top prize will depend significantly on the price of the ticket. Purchasing a $1 ticket may net you a top prize between $500 and $5,000. The big scratch-off prizes are reserved for the high dollar tickets. For example, the state of Texas offers a $50 game named “$200 Million Ca$h” with four top prizes of $5 million.

Your odds of hitting the top prize will vary depending on how many tickets pay the maximum amount. It will undoubtedly be an extremely slim chance of striking gold.

Casino Slots

Real money slots come in as many varieties as scratch-off tickets. Walk into any Las Vegas casino, and you’ll be greeted by a sea of slot machines.

Casino slots can range from the standard spinning reel models to the latest video slots with over 20 pay lines and high definition graphics. Just like their vastly different appearances and levels of immersion, the money can be very different.

As a whole, casino games generally pay based on how much you wager. Imagine you place $10 on an even money roulette bet. If you win, you get $20. That’s your original wager plus a $10 profit. Slots are slightly different and yet the same.

For instance, a slot machine may have a $1 bet as the standard bet. Yet, you may have the option to increase that up to say $5 to activate multipliers for your winning. Additionally, you can choose how many lines to play. It can get tricky here because, obviously, betting max lines will increase your investment.

Most significant casinos will payout at between 90% to 95%. Some places may be smaller, usually the penny slots or low denomination machines.

Looking at that number, one fact becomes crystal clear—slots pay out at a much higher percentage than the lottery. If your main goal is to enjoy small incremental wins, you’ll probably have a much better time playing slots than the lottery.

After all, even the smallest wins on a slot machine can be incredibly exciting for most players. You’re bombarded by ringing bells, flashing lights, and even the sound virtual coins plinking into your bank.

Slots or Lottery

Lottery jackpots are the go-to get-rich-quick scheme in the United States. Millions of tickets are sold every week for the Powerball and Megamillions drawings.

People spend countless hours fantasizing about winning a massive jackpot even though they have an exponentially better chance of being struck by lightning not once, but twice in their lifetime.

Lottery scratch offs could net you some smaller wins along the way, but the top prizes are still unlikely. Slots are your best bet if you’re strictly looking at your odds of winning. Even the vast Megabucks progressive gives you a much better chance at an early retirement than the lottery.

The payouts are so much higher on slots than the lottery that it’s really not a competition. To put it in perspective, the theoretical difference boils down to this. If you put $100,000 into a slot machine for an hour, you could leave with $95,000.

Put the same $100,000 into lottery tickets, and at best, you’re walking away with $50,000. Despite being one of the highest house advantages in any casino, slots still has much better odds than the lottery.

Conclusion

I’m not here to tell you to steer clear of the lottery, especially if that’s your favorite game or an essential hobby to you.

However, you should understand that your odds of winning are minuscule. It’s almost a certainty that you are never going to hit a lottery jackpot.

Of course, someone’s going to win. So, it might as well be you.

If you’re concerned about getting the most from your entertainment dollar or enjoy winning, stick to the slots.

Online casinos have become the dominant form of gambling and playing the most popular casino games. Traditional casinos you can go to and play are still very popular, make no mistake, but people in large part prefer all the benefits that online gambling has in store. For example, not having to leave the comfort of your home is a huge plus, and not everyone has enough time in a day to go to a casino and back. Online mobile casinos like BoomtownBingo are also extremely convenient since you can play a quick game on the go when commuting to work for example, or while traveling. All you need is a stable internet connection and the world of online casinos and games is yours for the taking.

However, not all of those games offer the players the same chance of winning. As a matter of fact, some of the most popular games are also some of the hardest to win. With this in mind, we decided to make a sort of a list of the top online casino games with the best odds to win. To find out more about this and become a better online casino gambler in the process, make sure to check out casino-reveiws.co.nz.

Contents

• 6. Wheel of Fortune

1. Blackjack

Blackjack is without any doubt one of the most popular and widely played classic card games. This casino game is present in every casino and it is among those games with the highest skill curve. Both online and land-based casinos have similar odds of winning. The house edge starts from 0.72% and presents one of the games with the best odds for the players. When online variations are concerned, live dealer and RNG (random number generator) versions vary in winning odds from website to website. If you get a blackjack, you get 3:2, insurance pays 2:1, and other wins are 1:1. Basic strategies lower the odds of the house to under 1%. It is also worth mentioning that Pontoon, the most exciting and intriguing blackjack variety, has a house edge of only 0.32% to 0.62% with optimal strategizing. Other varieties of regular blackjack include Atlantic City, Classic, European Blackjack, and Spanish 21, all equally respected and loved by the players.

2. Baccarat

Another classic gambling game, baccarat is a very popular card and chips game with varieties like Baccarat Banque, Puno Banco, Mini, and Chemin de Fer. The banker’s hand has the best advantage in the game usually, and the house charges a 5% commission on all winnings for this particular hand. In general, the house edge starts from 1.06% for the banker, and 1.24% for the player. The banker’s hand pays 0.95:1, while the player payout is 1:1. For a tie, a very rare outcome, it is 8:1. At some sites, the house advantage is over 14% so make sure to do some research.

3. Roulette

Which Casino Game Has The Best Odds

By far the game most associated with casinos, roulette comes in a few varieties that offer different chances of winning. French roulette has a 1.35% house edge, and two special rules that make it different and exciting. If the ball lands on chance bets or the zero, the player gets paid half of the wagered amount. In the la partage version, the wager remains available for the next spin too. With the European roulette, the house edge is 2.7%. This is the roulette with a single zero, making the house edge twice as low than the American, which stands at 5.26% since it has double zeros. American has 38 compartments in total, while the European and French have 37. Therefore, your safest bet is with the French roulettes.

4. Craps (Seven-Eleven)

Although some statistics show that craps have the worst odds of winning, with the house edge starting from 1.4%, it is actually the opposite. However, it is also very hard to determine the exact losing and winning probability of this casino game. The dice have 36 possible combinations, and hitting a seven has the highest probability with around 16.67%. Rolling a six or an eight stands at 13.9%, while getting a 12 is the absolute lowest with the probability of only 2.78%. It is a game of chance since no skill is needed, and therefore it could be argued that the odds of winning are actually pretty poor. It is sometimes also referred to as the game with one of the highest random chance.

5. Slot Machines

House edge for slot machines starts from 10%, instantly tanking them at the very top of the hardest games to win money from. Although slots are the most played gambling games, since there are so many of them per casino on average, most of them give you a very low chance of winning. They are the easiest to play too and therefore quite appealing and addicting. The Return to Player Percentage, or RTP, is the amount that the machine pays back over a number of spins, and it is the best way to check how generous a machine is. The odds are usually written on the machine itself as a sort of guide.

6. Wheel of Fortune

The hardest game to win in any iteration is the wheel of fortune, a popular sight on game shows and both brick and mortar and online casinos. They are usually a major attraction since they feature large prizes. While highly interactive and exciting, they are next to impossible to win, especially when it comes to the most valuable prizes and the highest cash amounts. The house edge for wheels of fortune starts at 24%, but it greatly depends on the number of low prize sections on the wheel, as well as those spots that award nothing to the player. The game has a crazy amount of luck and randomness involved, and it is better to skip it if you prefer skill games.

7. Casino War – House edge starts from 18.65%

8. Sic Bo – House edge starts from 18.52%

9. Keno – House edge starts from 16%

10. Pai How Poker – House edge starts from 2.5%

Games of Skills vs. RNG Games

Before everything, we should define both types of games. Games of skills are those games that require a high level of mental proficiency. On the other hand, RNG games (some gamblers name them Games of Chances) are usually a matter of luck. Of course, for both types of games, you need to have a budget plan. More precisely, you need to know at every moment how much you can afford to spend.

Both types of games have different benefits. RNG games are simple and relaxing. You don’t have to invest a lot of effort while playing them. However, your success with these games will depend on how lucky you are. Logically, the Random Number Generator is there to ensure that everything around the game is honest. The examples of this game subcategory are slots, wheel of fortune, and keno.

On the other hand, games of skills require a high level of knowledge, skills, and experience. Because of that, the experienced gamblers would rather decide on playing games like that. More precisely, they would decide on playing online gambling games like blackjack, roulette, and different variations of poker.

We are not going to say which type of casino game is better. However, if you decide on playing skill-based games, you need to work harder on your improvement. That is the only way to reach the goal that you have.

Which Gambling Game Has The Best Odds Of Winning

Conclusion and Takeaways

Which Gambling Game Has The Best Odds For The Player

As you can see, skill-based games have a much higher chance of winning that RNG games. Therefore, if you plan to earn from your casino sessions, make sure to become better at roulette, blackjack, and a few poker variants. At the same time, avoid slot machines, craps, and wheels of fortune, at least as the main casino games you opt for.