USE this LINKAs a sensible player you're looking for casino games that experience a small house edge. Everyone knows that one of the table games offer better odds and a lower house edge than others do. By far some of the worst table games is the Wheel of Fortune or Big Six Wheel.
Actually I DON'T BELIEVE this game must be considered a table game, as there are not any chairs for the players to take a seat on. Why? Because no person of their right mind desires to play this game for terribly long.
The Wheel of Fortune, or Big Six Wheel because it is usually called, is an old carnival game and you've got about as much chance at winning within the casino as you do at the carnival midway. The wheel is set six feet in diameter. The wheel has 54 slots and every slot has a symbol, for you to be the winner if the wheel lands in that slot. There are seven symbols on most wheels: $1, $2, $5, $10, and $20, A "Joker" and a "Casino Logo."
In front of the wheel is a table with places so that you can bet at the symbols which might be at the wheel. The dollar amounts at the wheel correspond with the repay you are going to receive in case you have the winner. You set your chips at the symbol of your choice. Finally the bets are made the dealer spins the wheel and when it stops the winner is paid consistent with the chart below.
At first glance a repay of 40 to one for the joker and the casino logo looks as if a beautiful nice repay for a dollar bet. After the wheel you spot that the chances of hitting it's not too good as there's just one joker and one casino logo at the wheel. The real odds of hitting it's 53 to at least one however the casino is solely paying you 40 to at least one.
The selection of times the logo appears at the wheel and your true odds of hitting with regards to the payoff determine the home edge. The house edge ranges from 11 to 24 percent. That is shown within the chart below.
In some casinos the joker and the casino logo spots pay 45 to one which lowers the home edge to 14.81 percent for that bet. That remains an excessively large house edge.
You now see why the Wheel is a foul bet and will be avoided. One interesting note is that you just often see the massive Six Wheel located by the exit to the casino. Many players will make the last desperate bet at the 40 to at least one shot because the head out the door. Don't fall into this little casino trap.
House Edge
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Read More... [Source: About.com Casino Gambling: What's Hot Now]
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