jimboston wrote:
Computer based games in Vegas and other casinos... games like slot machines and computer based poker or Black Jack... these all have published “odds” that are monitored by the State Gaming Commission. I don’t know (as I have not done it myself) but I have been told that you can actually go to the Casino as ask for the “odds sheet” for the various slots / electronic games in the casino, and that players will choose a Casino (in part) based on the odds they offer. Card games, dice games, or games like Roulette don;t have published odds because they are truly random... but they games are designed in such a way that the odds always favor the house.
So casino games (not slot machines but basically everything else) have 'predictable' odds. Generally they don't post them, however they are constant and easy to find. With that said games where you have to make choices of how to play (mainly blackjack, but also 3 card poker and some others) have set odds for payouts, but you can really f*ck yourself or 'beat the odds' by making bad/good decisions. There are two games in casinos that basically have the BEST odds, craps and baccarat.
Craps has one specific bet that is situational where you actually have an slight advantage over the casino. Playing craps properly (maximizing your odds, avoiding all the bad bets) amount to really just sticking to either pass/don’t come bets, or pass/come bets and then backing those at odds when a number is on the board. If you stick to just the basics, the casino advantage stays under 1.5% (98.5% return for players).
baccarat has like a 99% return, and imo is the best game in a casino for players (only 1% casino advantage over the player). Most casinos only put this game in the high roller rooms now, because big time gamblers like the odds but it doesn't make money for the casino very quickly (so they offset that by requiring large minimum bets).
Roulette used to have ok odds when there was just one 'zero' slot, but now virtually all casinos have a 'zero' and a 'double zero' slot which really ruins the return rate for players.
Blackjack can have good odds if you make only the correct (mathematical) decisions. The real advantage the card counters gain is by knowing when the odds go up for player based on what cards are already dealt, and then they dramatically increase their bets. So basically they dick around with small bets at low odds, and wait for 'the perfect storm' and increase their bets dramatically. It's a fun game but it's pretty much the worst game a 'casual recreational gambler' can play because you will make bad decisions and decrease your odds dramatically. The BIGGEST single thing you can do to improve your odds in Blackjack is sit down at the table that says on it "Blackjack pays 3:2" and DO NOT SIT AT THE TABLE THAT SAYS "Blackjack pays 6:5". Most casinos have both, just mixed in right next to each other, and one pays you more than the other for no reason expect people are stupid and mindless and drunk and don't pay attention
When it comes to the slots... I think the legal limit Nevada has set is 70% return, so no casino in las vegas can rip you off by more than 30% lol. On the strip most machines will be around 85% payback, downtown maybe 85-90%, and smaller casinos that serve the locals well off the strip can sometime have payout returns as high as 95% (and if they do, they will be screaming it from the mountain tops trying to attract customers). Here is a pretty decent site explaining it much better than i can.
https://wizardofodds.com/games/slots/appendix/3a/