Casino Games: Skill vs. Luck
All forms of casino gaming involve elements of luck, and this is true no matter how good of a player you are. However, the amount of chance involved varies greatly based on the specific game and your level of skill. For example, blackjack entails lots of skill, so a totally new player wouldn’t want to jump right into this game without knowing any strategy. Keeping this in mind, let’s take a closer look at games that are based on both chance and skill.
Casino Games based on Skill
With games that are mostly based on skill, it’s extremely important that players spend some time learning tips and strategy. By doing so, people can drastically reduce the house edge and better their chances of making profits; with some games, players can even gain a long-term advantage through strategy. Here are some of the most popular skill games in casinos:
Blackjack – This is one of the best skill games because players can lower the house edge to 0.5% with blackjack strategy. The good news is that players will do well in this game simply by searching for favorable house rules and using a blackjack strategy card. Those who are really good at card counting can actually gain an edge over the casino.
Caribbean Stud – Most people don’t recommend Caribbean Stud because, even with good strategy, the house edge sits at over 5%. But despite this fact, there is still plenty of skill involved with Caribbean Stud because of all the raising and folding that players can do when facing the dealer. Just watch out for the side jackpot bets because the house edge climbs over 25% with these.
Poker – Poker offers players the best chance to make long-term money in the casino. After all, players aren’t competing against the house because the casino only takes rake from cash game hands and tournament fees. Instead, the goal is to beat your fellow opponents, which means there is no ceiling on long-term profits for the sharks. On the other hand, there’s no limit to the amount of poker strategy players need to learn to be successful.
Video Poker – Just like the regular version of poker, video poker also gives players a very good opportunity to make money. And depending on the specific game you’re playing, the payback percentage can be over 100% when perfect video poker strategy is used. Even if you don’t find the best games, some video poker variations give players the opportunity to get around 99.5% payback.
Casino Games based on Chance
The bad thing about casino games that are based almost entirely on chance is that you can’t lower the house edge much. But on the bright side, beginning players don’t have to worry about learning a bunch of complicated strategy, and they can just sit back and have fun with the games. If this interests you, here are some luck-based casino games:
Bingo – As long as you don’t miss any of the called numbers, bingo is a game based entirely on chance. Of course, you can increase your opportunities to win big money by playing more cards, but the house edge remains the same in bingo no matter what strategy you use.
Keno – Those who enjoy playing the lottery should strongly consider playing keno. With this game, you pick numbers on a ticket(s) in hopes of having them selected so that you earn big money. There really isn’t much keno strategy to remember, which is kind of unfortunate since the house edge is around 25% with this game.
Slots – Slots is about as close to pure chance as one can get because players simply spin the reels and hope for big payouts. Sure there are plenty of bankroll management elements to consider with online slots, but for the most part, it’s just spin and hope to win. Of course, you should still look for slots games with good payout percentages, and hunt for the big jackpots if you have the money.
Games in Between Skill and Chance
Not all casino games are so easily defined because some are a mixture of skill and chance – although they involve more chance than skill. Baccarat, craps and roulette are good examples of these games and here is why:
Baccarat – The main skill to baccarat is making the correct bets over the long-run. This means betting on the banker hand to win because doing so lowers the house edge to 1.06%. Wagering on the player hand can still drop the house advantage down to 1.24%, which is also pretty low. Other than this, the majority of baccarat is about wishing for good luck.
Craps – Just like baccarat, craps is another game where the bets you make have a heavy influence on the house edge. The best craps bets in terms of a low house edge include the pass line, don’t pass line, come and don’t come wagers. Also make sure to avoid the craps myths that exist in the game because they’ll cause you to lose quite a bit of money.
Roulette – With roulette, the main thing players need to do to lower the house advantage involves playing the right variation. American roulette is the worst game to play because the bets all carry a 5.26% house edge. European roulette is a much better game to play because the casino’s advantage drops down to 2.70%. Even better is if you can find French roulette because the lowest possible house edge is 1.35%.
Whenever you’re thinking of playing a casino game, always consider your experience and how much skill the game involves. Also, make sure you do whatever it takes to lower the house edge because this increase your chances of making profits.