commit 49b1680837687f07a5e6a8cb89eff368f89fd0b4 Author: vaughndurant9 Date: Wed Jul 23 11:44:20 2025 +0000 Add 'What Is the Casino's Advantage?' diff --git a/What-Is-the-Casino%27s-Advantage%3F.md b/What-Is-the-Casino%27s-Advantage%3F.md new file mode 100644 index 0000000..fa10e3d --- /dev/null +++ b/What-Is-the-Casino%27s-Advantage%3F.md @@ -0,0 +1,15 @@ +The Built-In Advantage of the Casino +
Ever heard the phrase "the house always wins"? This saying describes the house edge, the core principle upon which all casinos operate. It is the casino's built-in mathematical advantage over the player in any given game. Understanding it is crucial for any smart gambler.
+ +How is the House Edge Calculated? +
The house edge is derived from the difference between the true odds of winning a bet and the odds that the casino pays out for that win. Consider an example from the game of Roulette:
+
+The wheel has 37 numbers in total. +The actual probability of your number coming up is 1/37. +A winning bet is rewarded with a 35-to-1 payout. +That small difference is where the casino gets its edge. +In this case, the house edge is 2.7%. This means that for every $100 bet on the wheel over a long period, [casino](https://goldfish.it/casino/leovegas/) the casino expects to make an average profit of $2.70. +
+ +House Edge in Different Casino Games +
Not all games are created equal \ No newline at end of file