Edge
An advantage over an opponent.
In the context of casino gambling, the term "edge" refers to the advantage that a casino or a player has over the other party in a game.
House Edge: This is the statistical advantage that the casino has over players in games like blackjack, roulette, and slots. It is usually expressed as a percentage of the player's bet that the casino expects to keep over the long run. For example, if a game has a house edge of 5%, it means that, on average, the casino will keep 5% of all wagers made by players.
Player Edge: In some cases, skilled players can gain an edge over the house through strategies or techniques, such as card counting in blackjack or exploiting favorable betting conditions. This player edge is often much smaller than the house edge and requires significant skill and knowledge.
Overall, the concept of "edge" is crucial in understanding the dynamics of advantage in gambling scenarios.
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