Gambling business wouldn't be able to give profit if players had a 50% chance of winning every game. The mission of house edge is to help casino make money, by giving it an advantage to win a game. THE CONCEPT OF HOUSE EDGE Casinos, both online and offline, have a certain edge for every game, table, lotto or slots. The house advantage depends on a game. Let’s take slot machines first: you have a higher chance of not winning the jackpot giving the house an edge. If you know the edge for the games played, you can strategically choose games with higher chances of winning.
What Does a High House Edge Mean? The higher the edge, the less the "house" or casino will have to pay out to players on a long-term basis. Keep in mind that the edge is based on a large number of games. Although, there’s always a chance that a player can win dozens of times in a row. But there’s also a chance in a 50/50 game that the player can lose 30 times in a row. The games that have a higher advantage to the house also, often, have the highest payouts. COMMON CASINO GAMES AND HOUSE EDGE STATISTICS Continue reading
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AuthorContent marketer, online gambling enthusiast, sports fan. Archives
April 2021
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