Top 5 Bad Bets at Online Casinos
There are many online casino games that provide great odds and give you a chance to win. However, there are also bets at Australian online casinos that are bad bets and should be avoided. Today, we take a look at five bets you should avoid at online casinos.
Keno
Live Keno is one of the worst casino games you can play. The house edge is about 27%. The only reason you’d consider playing it is that the game is very slow-paced and is great for casino players on a budget. Online Keno is better than live Keno, but it is still a bad bet for a couple of reasons.
First, the house edge for online Keno is still between 10 to 12% depending on which game you’re playing. While that sounds great compared to live Keno, the online version of the game plays much faster, meaning you can blow through 10 to 20 games of Keno per hour. You’ll end up spending more money on online Keno than live Keno.
Insurance Bet in Blackjack
If you like to take insurance on blackjack, you’re making a horrible bet. Insurance is a bet you can make when a dealer is showing an ace. The bet is 50% of your current bet and pays 2 to 1 when the dealer has a blackjack. Ultimately, this results in a push as you will lose your initial bet but win 2 to 1 on the insurance bet.
The reason this is a bad bet is that your odds of losing the bet are lower than your odds of winning. You have a 61.7% chance of winning the bet as opposed to a 69% chance of losing the bet. This makes the house edge around 7% for the blackjack insurance bet.
Tie Bet in Baccarat
Baccarat is a simple game where the only thing you have to do is bet smartly. However, the tie bet is not a smart bet. When betting the tie, you’re betting that the Player and the Banker (Dealer) will have the same hand. This bet normally pays 11 to 1 as opposed to 1 to 1 for the Player bet or 0.95 to 1 for the Banker bet.
The house edge for the Banker and Player bets is around 1%. This makes these bet some of the lowest for table games. However, the Tie bet has over a 14% house edge. You’d be better off playing 94% RTP online pokies than playing the Tie bet in baccarat.
Any Seven Bet in Craps
Out of all the bets on a craps table, the Any Seven bet is the worse. The Any Seven bet in craps has a horrible house edge of 16.67%. The reason behind this high house edge is that the odds of rolling a seven on a pair of dice is 5 to 1. However, the bet only pays 4 to 1, giving the remaining edge to the house.
Another reason this is a bad bet is that this is a single roll bet. In most bets, such as the Come or Pass line bets, you have to roll at least twice to resolve a bet. For Any Seven, you only get one roll to win or lose.
Playing Blackjack With a 6 to 5 Payout On Blackjack
You will generally see two types of blackjack games offered at online casinos in Australia. The first is the standard game paying 3 to 2 on blackjack and the other paying 6 to 5 on a blackjack. Avoid the 6 to 5 blackjack game whenever possible as the game has a much lower payout and the house edge is higher.
For example, if you bet $10 on a 3 to 2 table and hit blackjack, you’ll get $15. The same hand for a 6 to 5 table will only pay $12. That difference adds up over time. It also makes a huge difference for the house edge. Playing a 6 to 5 blackjack game will raise the house edge by 1.4%, bringing it to around 2% overall.