Top 10 Most Risky Casino Bets For Online Players

Posted: September 2, 2023

Updated: September 2, 2023

Although placing bets at the casino is great fun, it becomes foolish if you're just blindly throwing your money away on bets that are virtually immpossile to win. Obviously, some bets are going to be easier and some harder. That's one way the casino makes money from their players. But, we strongly suggest you stay away from the most risky casino bets, even though they offer the biggest rewards.

Although placing bets at the casino is great fun, it becomes foolish if you’re just blindly throwing your money away on bets that are virtually impossible to win. Obviously, some bets are going to be easier and some harder. That’s one way the casino makes money from their players. But we strongly suggest you stay away from the riskiest casino bets, even though they offer the biggest rewards.

Avoid These 10 Risky Casino Bets

When it comes to casino betting, ignorance of how the casino operates can lead to some of the riskiest casino bets you’ll ever make. It’s common knowledge that casinos are businesses striving to stay profitable by covering expenses like rent and employee salaries. Their secret weapon for achieving this? The “house edge,” a small but crucial mathematical advantage that tilts the odds in favor of the casino.

Most gaming machines, including slots, prominently display their RTP (Return to Player) percentage, indicating how much money you can expect to recover from your wagers. For instance, if a game boasts a 98% RTP, you’ll typically receive $98 for every $100 you bet. In this scenario, the house edge is a mere 2%. However, it’s essential to remember that this advantage plays out over an extended period, making it an average figure.

Understanding The House Edge

Now, it’s worth noting that not all casinos have the same house edge, and this principle extends to various types of games within them. Consequently, certain risky casino bets come with a higher house edge, potentially draining your bankroll faster. Slot machines, for instance, can carry an edge ranging from 2% to a staggering 15%, contingent on both the specific casino and the machine’s placement within the establishment (yes, location matters).

Given the significant advantage the house enjoys in some games, we strongly advise steering clear of the following ill-advised bets. You’ll find these in both brick-and-mortar and online casinos like King Billy Casino. If you’re interested in mastering tips and tricks for winning jackpots, don’t forget to explore our comprehensive guides.

Keno – The Most Risky Casino Bets

Often seen near the blackjack tables, Keno resembles a lottery more than anything else. However, the house always maintains a remarkably high edge in this game, sometimes reaching as much as 25%. Keep in mind that the likelihood of drawing a winning ticket always remains constant. Prior to playing, always check the odds, as they can vary significantly from one casino to another. It’s unquestionably one of the most risky bets you can place in a casino. So just stay well away from this one. The same goes for playing Keno online at any online casino sites in the UK.

The Big Six Wheel – Casino Risky Bets Over A Game of Luck

The Big Six Wheel, also known as The Wheel of Fortune, harks back to an ancient carnival amusement. Unfortunately, the odds are very far from favorable. The house edge for this game ranges from approximately 11% to a whopping 24%, contingent on the number of participants. Yet for some reason this remains incredibly popular in all casinos. Probably thanks to it’s very easy game play.

Caribbean Stud Side Bet – Proceed With Caution

In general, we advise against indulging in side bets of any kind as they are truthfully some of the most risky casino bets. If the gambling platform encourages them, it’s essential to question who stands to gain from this proposition. You got it… not you! The typical side bet here is for a minor progressive side jackpot, which seldom reaches significant payouts. The house edge for this option stands at around 14%. It’s always much safer to stick to banker and player bets.

Baccarat Tie Bet – A Risky Wager

While the baccarat banker and player bets are well-known as the most favorable choices, the tie bet ranks among the least advisable bets in the game of baccarat. This particular bet carries a house edge of approximately 8%. It’s best to steer clear of it.

Blackjack Insurance Bet – A Misleading Name

The term “insurance” in the Blackjack Insurance Bet is somewhat ironic. It’s another side bet that you should avoid at all costs. With a house edge of around 8%, it’s hard to see how you’re insuring anything here.

It’s more of a lighthearted bet for those who might not be well-informed about the game. Once again, it’s wise to avoid it entirely.

Playing Blackjack On A Gut Feeling

Making decisions in blackjack based solely on hunches or guesses is an unproductive approach. This strategy, or rather the lack of one, will deplete your bankroll quicker than you can imagine. You might as well be giving away up to 20% of your money to the casino with such risky casino bets.

Steer Clear Of The Let It Ride Side Bet

Online gambling news in the UK strongly advises against dabbling in Let It Ride side bets. This bet relies on the paytable, but even the most favorable paytables still give the house an edge ranging from 13% to a staggering 36%. It’s one of the most risky casino bets you’re better off avoiding.

Avoid Craps The Proposition Bets

Craps proposition bets, whether they’re hard bets or wagers on a single roll, are best left untouched. They collectively carry a formidable house edge, typically exceeding 17%. Ouch!

Roulette – The Riskiest Casino Bets

Keep in mind that the roulette wheel inherently carries a 5.26% house edge on all slots when playing the US double zero wheel, except for the “five number bet,” which includes 0-00-1-2-3 and is aptly named the basket bet. Placing this bet might make you feel like a basket-case yourself, as it carries a daunting 7.89% house edge. Fortunately, European wheels, with just one zero, offer a lower house edge at 2.7%.

The Casino War Tie Bet

In Casino War, it’s akin to a children’s game—a simple draw of cards, where the higher card wins. However, there’s an option to place a tie bet. This wager predicts that both you and the dealer will draw cards of identical value, resulting in a tie. Should this rare event occur, the payout is 10 to 1. Beware, though, as the tie bet carries an alarming house edge of 18.65%. It ranks among the most risky casino bets you can make, even when playing on online jackpot sites like King Billy Casino.

Conclusion – The Most Risky Casino Bets

For a casino to thrive, it must generate revenue and turn a profit. The sole source of these funds is, undoubtedly, the players themselves. Every machine and game within the casino maintains a house edge, a fact you should investigate before you commence your gaming session. Many machines even display this information upfront, as casinos are not secretive about these figures. In fact, they want you to be fully informed about what you’re engaging in. Our advice is to steer clear of casino risky bets with excessively high house edges, as they diminish your chances of winning and the enjoyment of the gaming experience. Remember, always wager responsibly and enjoy your time at the casino.