Some bets in the casino have a very high house edge. Slot machines are popular but they can have a house edge from 1-15 percent depending on the casino and/or location of the machines. Although some table games have a low house edge, there are some bets you should avoid. Here are some of the worst bets you can make.
1. Live KenoKeno is a game similar to the lottery. The house edge can run 25 percent or higher. The odds for drawing any number of spots doesnt change, the house edge comes from the payout for the winning numbers. This varies from casino to casino.
The Big Six or Wheel of Fortune is an old carnival game with equally bad odds. The house edge varies from 11 to 24 percent depending on the number the player bets.
The side bet for the progressive jackpot in Caribbean Stud varies a little by the size of the jackpot but it rarely reaches the amount to make the bet worthwhile. The average house edge is about 26 percent.
4. Baccarat Tie BetThe Baccarat Banker and Player bets are two of the best bets you can make. However the tie bet in Baccarat is one of the worst. It has a high 14.36 percent edge. Stick to the banker or player bets.
The insurance bet in Blackjack is just another side bet that should be avoided. The house edge is around 8 percent. You are not really insuring anything.
Deviating from Blackjack basic strategy can make Blackjack one of the worst games in the casino. A player can give up 20 percent or more playing hunches.
The house edge for the side bet is based on the pay table which varies from casino to casino. Even the best pay table has a high double digit house edge that ranges from 13 to 36 percent.
The proposition bets on the craps table are the bets on the hard ways and the other one roll bets. These have a house edge that can reach as high as 16.7 percent.
The bets on the double zero American wheel has a house edge of 5.26 percent on all bets except the five number bet. The five number 0-00-1-2-3 bet is called the basket bet and has a house edge of 7.89 percent. The European wheel with a single zero has a lower house edge of 2.7 percent.
10. Casino War Tie Casino war is the same as the kids game where you each draw a card and the high card wins. There is a tie bet that can be made when playing Casino War. You are betting that your card will tie the dealers. If you tie the dealers card you get paid 10 to 1 for your tie bet. It carries a high house edge of 18.65 percent.