Keno is a killer
Video Keno offers an easy gamble. Pick a few numbers and wait for the lottery-style numbers to appear. It’s a laid-back bet, it’s fun -- but it’s also a very bad bet. Even with optimal play, you still give away a 25% edge to the house, making it one of the worst games in the casino.
Don’t parlay those sports bets
An afternoon in a sports book can be a fun way to pass some time, cheer on your favorite team, and plunk down some action on a few games. And parlays seem like the perfect bet: a small bet can get you a big payout, and you get action on a number of games -- which is more fun than just action on one game. The bad news is that parlays keep you blinded to the bad odds you’re getting. Overcoming point spreads is difficult enough, but getting four or six contests correct to hit a parlay is extremely difficult and certainly favors the house. Experts say it’s a better option to bet each game individually, and rolling some of those winnings into other wagers. Also, when betting on sports, try shopping around to multiple sports books -- you’ll often find the exact same bets with more favorable odds.
Stay away from inside bets at the roulette wheel
The roulette wheel is popular for its elegance and simplicity. It’s an easy game to play with a promise of making some big bucks if that little ball hits your lucky number. But the casinos have a nice edge of more than 5 percent on that fancy spinning wheel and most bets on the board are a bad bet. Stick to red, black, even, odd, low numbers, and high numbers, columns, and sectors when placing a bet. These even-money and lower-payout wagers offer a better option than those “inside bets” on individual numbers or groups of numbers, which are frequent losers and offer little chance to walk away a winner.
Slots: where the losses rack up fast
In general, slot machines are a bad bet. There’s a reason the casinos have so many of them -- the house edge reaches up to a whopping 17 percent, and with the action moving so quickly they offer a chance to lose money at a much faster rate.
There’s only one bad bet in baccarat
Baccarat can be a great game for players looking for a game with only a small house edge. Betting on the banker offers only a house edge of about 1 percent and a real chance at winning some money. However, betting on the “Tie” gives the house a huge advantage of over 14 percent. This is really the lone bad bet at the baccarat table and should be avoided for those looking to win some cash. And who isn’t, right?
Sign up here for our daily Thrillist email, and get your fix of the best in food/drink/fun.