Tag Archive: blackjack insurance bet

The worst casino bets are the one's made without understanding how the casino actually works. Everyone knows that the casino is a business. And to stay in profit, to be able to pay the rent and wages of their workers, they need to make money. How do they do that? Simply be having a "house edge". That is a mathematical couple of % points over the gambler. Most slots and games machine have a RTP (Return to Player) number written on them. This says exactly how much money you'll get back from a certain spend. Say the RTP player is 98%. Then for every $100 you put in, you'll get 98 cents back. The house edge in this case is 2%. But remember that this is over time. A long, long time. And that's because it's an average.