0 votes
by (120 points)
Can someone explain what the casino house edge is and why it matters?

1 Answer

0 votes
by (780 points)
The casino house edge is the mathematical advantage that the casino has over the player in any given game. It represents the percentage of each bet that the casino expects to keep as profit over the long run. For example, in roulette, the house edge is 2.7% due to the presence of the green zero, which means for every bet made, the casino expects to retain 2.7% on average. The house edge ensures that the casino will win in the long term, despite the outcomes of individual bets.
by (100 points)
Basically the casino will always turn a profit over an extended period of time
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