The House Edge

The house edge represents the statistical advantage that a casino or gambling establishment has over the player in a game. It is expressed as a percentage of each bet that the casino expects to keep over the long run. For example, a game with a 5% house edge means that, on average, the casino will retain 5% of all money wagered on that game. This advantage ensures the casino's profitability while allowing players a chance to win in the short term. Understanding the house edge helps players assess their chances and manage their expectations and betting strategies accordingly.