House Edge and House Drops at Online Casinos

May 23, 2011 | Article Category: Online Casinos

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When discussing house drops, or casino gaming drops, players should note that the house edge and house drops are not the same thing. To understand the house drops, it helps to be reminded exactly what the house edge is.

The house edge, or house advantage is the percentage advantage that a casino will have against the player in an online casino or land based casino game. In simple terms, the house edge is the percentage of money that a casino will keep over the long term.

The house edge may be 5%. This would mean that out of every $100 that a player wagers, the online casino will keep $5 while the player will take home $95. This percentage is an average that may not be true for any one player at any time, because it is always possible to lose more, or win big.

The house edge on blackjack can be as little as 1% for skilled players, and can be higher for unskilled players. For those players that stay at the game for too long, it is likely that they will begin to lose, even if they were winning before, and the house edge will simply begin to eat away at their wagers. Slot machines vary greatly, since the online casino will decide on the house edge unless there is a law limiting how much the house edge may be set to.

Now that the house edge has been clarified, it will make it easier to understand the difference between the house edge and house drops.

The house drops or the casino gaming drops is the amount of money that the online casino will expect an average online casino player to spend, or drop, on the house.

This means that players who play for short periods of time will most likely lose less, simply because they do not play long enough for the house edge to eat away at their wagering money. If a player plays a game for a long time, even if the house edge is low, it is possible that they will lose perhaps 15% of all the money that they wagered in that gaming session. The player has dropped around 15% of the money that they wagered.

The reason that the house drop continues to increase over an extended period of time is that the player is always adding money into a minus computation. Even when the house edge is low, except for those lucky few, players will continue to lose money to the house if they do not pay attention to how long they are playing, and losing, for. Of course, those who are winning, are simply beating the odds!