EVENMONEY
Back of house

The numbers
on the other side

What the house sells
time
What it charges
a percentage of every bet
How it collects
repetition

A casino does not need luck and does not need you to lose any particular hand. It needs volume. These tools show what that costs at the pace and stake you actually play.

What a session actually costs

House edge is a percentage of every dollar wagered, not of what you bring.

Slots Typical strip machine8.00% · 600/hr−$4800

Note the decision rate. This is why slots take money faster than anything else.

Baccarat Tie14.36% · 70/hr−$1005

Pays 8 to 1 on a 9.5 to 1 shot.

Craps Any seven16.67% · 30/hr−$500

The worst common bet in a pit.

Roulette American, top line (0-00-1-2-3)7.89% · 40/hr−$316

The one bet on an American table that is worse than the rest.

Roulette American, any bet5.26% · 40/hr−$210

The second zero doubles the cost of playing.

Blackjack Average recreational player2.00% · 80/hr−$160

The gap between this row and the first is what strategy is worth.

Blackjack Basic strategy, same rules but 6:5 blackjack1.77% · 80/hr−$142

One payout change makes the best game on the floor a mediocre one.

Roulette European, any bet2.70% · 40/hr−$108

Single zero. Every bet on the layout has the same edge.

Blackjack Insurance, uncounted5.90% · 15/hr−$89

A separate bet on whether the next card is a ten. It is not.

Baccarat Player1.24% · 70/hr−$87

Slightly worse. No commission, slightly fewer wins.

Baccarat Banker1.06% · 70/hr−$74

Best bet in the game, commission included.

Blackjack Basic strategy, 6 deck S17 DAS LS, 3:20.38% · 80/hr−$30

The best bet on the floor, and only if you play every hand correctly.

Craps Pass line with full odds0.37% · 30/hr−$11

Included for scale: odds bets carry no house edge at all.

Note how far slots sit from everything else, and that the difference is not mainly the edge — it is the decision rate. Six hundred spins an hour turns a modest percentage into the fastest way to lose money in the building.

Risk of ruin

For a player with an edge. Without one, ruin is certain given enough hands.

Chance of busting
83.2%
Units for 5% risk
1632
Units for 1% risk
2508

A counting edge of about 1% with a 1-12 spread carries a standard deviation near 3.3 units a hand. Read the middle number: that is the bankroll the edge demands before it means anything.

At $25 units, 400 units is $10,000 sitting behind a 1% edge. This is the arithmetic that keeps card counting a job rather than a hobby.

Typical standard deviations
  • Blackjack, basic strategy
  • Blackjack, counting with a 1-12 spread
  • Baccarat, banker
  • Roulette, even money
  • Roulette, straight up

The streak you thought was impossible

Red or black, single-zero wheel

Chance of seeing 6 reds in a row within 200 spins
75.2%

Streaks are not anomalies. They are what randomness looks like up close, and a table that has just produced one is exactly as likely to produce another as it was before.

The chance the next spin is black after 6 reds is 48.6% — the same number it was on every spin before, because the wheel has no memory of them.

Every betting system, every scorecard, and every hunch about a table being due rests on the belief that this sentence is false.