Casino Games with Fast Payouts
The key to knowing which casino games have fast payouts is to understand what you're going up against when you're inside the casino.
Nope, you're not going against the dealers or other players but the house advantage or house edge of each casino game.
Every bet has a certain probability of winning or losing. For example, in a toss coin, the probability of heads or tails is 50-50. This is considered is even money bet.
If you bet a dollar and was paid a dollar when you won, you would be paid TRUE ODDS. However if the casino only paid you 95 cents every time you won instead of a dollar the House edge would be 2.5%.
Simply put, the house edge is the difference between the true odds and the odds that the casino pays you when you win.
What does house edge got to do with fast payouts? If you know the house edge of a game or bet, you know how much and how fast your bankroll is going to get depleted in that particular game or bet.
The house edge of all casino games is fixed, except for Blackjack and Video Poker. With skill and perfect strategy, these two games can actually have a positive payback.
In the case of Roulette, the house edge is 5.26% for the double zero game. In the game there are 36 numbers plus the 0 and 00. The odds of you winning is one in 38 or 37 to 1. If you win the casino pays you 35 for your dollar bet. You keep your original dollar, and are paid an additional $35 returning $36.
The difference is two dollars (38 minus 36). Divide the $2 by 38 which is the true odds and you come up with the house edge of 5.26%. So you could actually cover all the numbers on the layout and still lose money. These are great odds for the house but not for you.
The key getting ahead in a casino is to know which games and bets can offer the best odds and the lowest house advantage. Read through our analysis of each game and practice your skills in our favorite free online casino.