5 of the Worst Casino Bets

When you go to play at a casino, you will not see signs everywhere telling you which game has which odds and which games are going to rob you blind. That means that you need to do your homework before you hit the casino floor to make sure you are making the wisest bets. Here we are going to tell you about the very worst casino bets. These are bets on different games that have terrible odds for the players, sometimes with up to 25% edge for the house!

1. Any Keno Bet

No matter what game of Keno you play or how many numbers you choose, the house edge is still nearly 25% at most casinos. This is a big chunk if you think about it in money terms instead of percentages. 25% of $100 is $25. That is a quarter of the money wagered that you will lose to the house and unlike Blackjack, there are no systems to help you win at Keno because the numbers are drawn randomly.

2. Any Money Wheel Bet

The money wheel looks like a fun and easy game to win, but really it has the third worst odds out of all casino games. The Money Wheel at first glance looks like it should be at a carnival or a country fair and wouldn't you know it, the odds are based like it was! In fact, the Money Wheel is known to have a house edge of 24%. If you really must playing the "big wheel", you might as well set your money on fire, because literally the money wheel does that - burns a hole in your pocket. Stay away!

3. Blackjack Insurance Bet

When players new to the game see this bet, they think that this is a good bet to make, but in reality, this is not a good bet to make. Where as Blackjack can be one of the games with the best odds in the casino when played with a good strategy, the insurance bet gives the house a 8% edge. That means that for every $100 you bet on Blackjack, you will lose $8. Now, $8 isn't a lot at first thought, but 8 dollars and 8 dollars continuously can sure add up.

4. Most Slot Machine Bets

You may find loose slot machine games from time to time that boast a 98% payback rate, but even this is usually not completely honest. When you see these signs, there is a machine that pays that, but it is generally somewhere in a side by side row of other machines without saying which machine has the loose payouts. This is a little trick that casinos like to play to draw players in. You see the loose slots sign and sit down to play and you will never know if you are really sitting at a loose slot machine. Although slot machines take up 80% of most casinos, there is a good reason for this. Slot machines are known to pay the bills and keep things running because not only are they the most popular casino game, but they are one of the casino games with the worst odds, most having around a 5% house edge.

5. Most American Roulette Games

Although at first glance, Roulette looks to be a game that even a child could play, it perhaps should be for children as it is really not worth it to gamble on. Now, European or French Roulette wheels actually have a pretty good house edge with only a little more than 2%, however the American wheel with it's extra double zero slot is not that lucky. When playing American Roulette at a casino, the house holds a 5.26% edge over players. Read our article on the difference between American and European roulette games for more information.

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