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What is the House Edge on an American Roulette Wheel?

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Can someone explain the house edge on an American roulette wheel and why it's significant for players?

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The house edge on an American roulette wheel, which contains a 0 and a 00, is 5.26%. This percentage represents the casino's average profit from a player's bet. It's a key piece of information for players because it indicates the built-in advantage that the casino has over the players in the long run.
Question2Answer fatal error:

Reading one value from empty results

Stack trace:

require() in index.php:27
require() in qa-index.php:189
qa_output_content() in qa-page.php:53
html() in page.php:359
body() in qa-theme-base.php:271
body_content() in qa-theme-base.php:391
main() in qa-theme.php:264
main_parts() in qa-theme-base.php:727
main_parts() in qa-base.php(720) : eval()'d code:51
main_part() in qa-theme-base.php:836
a_list() in qa-theme-base.php:882
a_list_items() in qa-theme-base.php:2282
a_list_item() in qa-theme-base.php:2290
a_item_main() in qa-theme-base.php:2311
a_item_content() in qa-theme.php:554
getVideoIdFromDb() in qa-base.php(720) : eval()'d code:42
qa_db_read_one_value() in qa-base.php(720) : eval()'d code:73