Odds? Probability? House Edge?


When Malaysia Online Casino players are reading our article talking about the probability of playing different games or calculation of house edge, they seems have a basic idea of what these terms imply. Let me give an example, if we say a game that is higher house edge, players are more likely to lose money. Therefore, players are necessary to understand the different terms before betting, right? I am going to discuss about these three special terms: odds, probability and house edge.

First of all, odds is the measurement of how much money a casino pays out to the winner based on how much they bet. Malaysia Online Casino players also call odds as the payouts. For instance, if A has 5:1 odds to win B, anyone bet on A will win RM5 for every RM1 bet which his initial bet amount will be returned as well. Team that has higher odds is believed as underdogs. Odds is usually used to indicate payouts in the event of successful bet.

On the other hand, probability is referred to the likelihood of an event occurring. For example, when I explain European Roulette, I have mentioned that there are 37 numbers and each number has the same probability to be drawn. From the concept of this game and the term, players can easily know that how a game is run and roulette is pretty fair towards players.

Last but not least, house edge is known as what a casino get from players in the long run. Therefore, the small the house edge, the more likely players win. If players’ money lasts longer, the more chance for them to win. Hence, Malaysia Online Casino players are suggested to play the game with as low house edge as possible such as blackjack, crap and baccarat.


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