House Edge
The mathematical advantage of the casino over players expressed as a percentage.
The term "House Edge" refers to the mathematical advantage that a casino has over players in a gambling game. It is expressed as a percentage and represents the average amount of profit the casino expects to make from each bet placed by players over time.
For example, if a game has a house edge of 5%, it means that, on average, the casino will keep 5% of all the money wagered on that game, while the remaining 95% will be returned to players in the form of winnings. The house edge varies from game to game and is influenced by the rules of the game, the skill level of the players, and the strategies employed. Understanding the house edge is crucial for players as it helps them gauge their chances of winning and manage their bankroll effectively.
« Back to Glossary Index