House Edge
The term “House Edge” refers to the built-in advantage that a casino has over players in any given game. It’s a percentage that represents the average amount of each bet that the casino expects to keep over the long run. For instance, if a game has a house edge of 5%, the casino will theoretically retain 5% of all money wagered on that game over time. This edge ensures that the casino profits in the long term, even if individual players win in the short term. The house edge varies from game to game; for example, blackjack typically has a lower house edge compared to slot machines, making it more favorable to players. Understanding the house edge is crucial for anyone looking to gamble, as it helps in making informed decisions about which games offer better odds.