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The Built-In Advantage of the Casino |
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<br>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.<br> |
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How is the House Edge Calculated? |
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<br>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:<br> |
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The wheel has 37 numbers in total. |
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The actual probability of your number coming up is 1/37. |
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A winning bet is rewarded with a 35-to-1 payout. |
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That small difference is where the casino gets its edge. |
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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. |
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House Edge in Different Casino Games |
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<br>Not all games are created equal |
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