Does house edge work the same online?
The house edge is defined as the ratio of the average loss a player makes to the initial bet amount. To put it into simple terms, when the players lose, the house takes their bet, when the players win, the house pays out their stake. This works the same whether you are playing online or in a land-based casino. However, there are a few differences between the two which I will explain below.
When you are playing in an online casino, information about the house edge ratio is generally very easy to obtain. The online casino will often display the house edge next to each game, and the information is kept updated. However, it can be harder to retain information about the house edge in a land based casino, since odds on games can differ from one and based casino to the next, and therefore edges can differ hugely.
In some cases, you can use strategy, both online and offline, to potentially lower the house advantage. Games such as Blackjack carry this potential due to the fact that the edge can change hugely (both for and against the house) depending on the skills used by the players. However, there are some tactics that can only be employed at land based casinos, such as card counting, which has the potential to further lower the house edge. Strategy can affect house edge, so it really does pay to practice and maximise your skills in a particular area if you are looking for maximum profit.
In some cases, online casinos can afford to offer a much lower house edge than land based establishments due to the fact that they have lower overheads. For example, they are able to retain more profit due to the fact that they do not have to pay out for rent, utilities and other overheads.View all FAQs