Online Bitcoin casino games are designed to give players a shot at winning money, but with that being said, not all games hold the same chances as others. Many aspects lead to a successful game, including design, functionality, user enjoyment, and return to player rate or house edge.
One of the most appealing qualities a Bitcoin casino game can hold is an eye-catching house edge. Their idea of house edge is to help players gauge the potential of their success rate. The two different ways to tell the payout rate of a casino game are via the RTP or house edge.
In this gambling guide, we will be focusing on what house edge means while briefly touching on the difference between RTP and house edge. From a player’s point of view, the success rate of a game is easy to identify. All one needs to do is know how to read the stats and get started.
The house edge refers to the casino’s advantage and is present on every table game, lotto, or slot in a casino online or on land. By knowing how to read the house edge, you will be able to tell how much each game pays out on average, as well as which games offer the best returns rate.
Although online gambling is always enjoyable, there are ways to improve your chances of favorable outcomes. By implementing a good strategy, gamblers will be able to improve their odds drastically, but the first step to a good gambling strategy is picking a game with player-friendly returns.
To help you understand here is a basic explanation of the difference between the house edge and RTP.
The RTP and house edge of a game is a concept that is the basis of the saying ‘the house always wins. Although similar, the two stats are different sides of the same coin, meaning that they both show the odds of a player but hold different calculation solutions.
The term house edge refers to most online Bitcoin casino games’ return rate, besides slots, which uses the calculations of return to player rate (RTP).
For those that like to understand the workings under the hood, here is how the house edge is calculated.
If a game’s house edge is 2,7%, this means that the gambler will, on average, take on losses of 2,7% of each wager made. So what this means in practice is that players could win or lose at any moment. After all, although it’s a house edge of 2,7%, that is the average loss amount over thousands of bets. A player could lose 100% of a particular bet but win millions on the bet after, with a total average loss of 2,7%.
The RTP is the opposite of the house edge, and to calculate the RTP of a game, all you need to do is deduct the house edge from the total of 100%. For example, if a game’s house edge is 2,7%, the RTP would be 97,3%.
Before we hop into the nitty-gritty of the top Bitcoin casino games with the lowest house edge, let’s briefly touch on the gambling categories that generally provide the best returns. Take a look at the table below before picking your preferred gambling game!
|Bitcoin Casino Game||House Edge|
|Slots||2 – 15%|
|Craps||0 – 16.67%|
|Baccarat||1.01% – 15.75%|
Based on the categories listed above, The Bitcoin STrip has put together a list of the top Bitcoin casino games with the lowest house edge, making winning a more real reality.
The best way to ensure the best outcome is by covering all the bases and implementing the best strategy for your gamble. Before you start your gamble, take the time to plan a strategy that includes a budget, duration, and games.
Each gambling game holds different potential, and depending on the game chosen, the strategy varies. Make sure to know the outcome you are after to help you set achievable goals along the way, resulting in a more strategic and successful approach.
With tremendous opportunities to win online, the crypto gambling industry has become bigger than ever and is expected to grow even more. Although highly unpredictable, there are steps that can be taken to help result in positive outcomes. Pay attention to Bitcoin casino games house edge and RTP rate as the first tell-tale sign of success.
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