House Edge: Definition & Explanation

What Is The Term “House Edge” In Casino?

The “house edge” is defined as the casino profit expressed as the percentage of the player’s original bet.  The player’s disadvantage is a result of the casino not paying winning wagers according to the game’s true odds, which are the pay outs expected considering the odds of a wager either winning or losing. It also can be described as the mathematical advantage that the game and commercial gambling, has over you as you play over time.

How To Calculate

The formula to calculate is the total amount returned to players divided by the total amount bet by players. The total amount bet by players equals the sum of each initial bet per round per player for the audited period for a specific game.

Important Information On House Edge

The House Edge can be a huge advantage to the players and can help to bring home those wins. The casinos are by design, going to win over time and that is just facts. If you happen to be winning on a particular day, you are not destined to continue winning. So, bear in mind that sometimes it is important that you stop playing for that particular day and continue the game another day. Hopefully that you can come back and win another day. Never play too much with the house edge, remember that house edge will always wins. It is mathematically designed that way.

5 Casino Games Online With The Lowest House Edge

  1. Slots House Edge – Around 2.8%
  2. Roulette House Edge – Between 2.7% and 5.4%
  3. Baccarat House Edge – 1-3%
  4. Poker House Edge – Fixed Fee
  5. Blackjack House Edge – ≥ 0.5% house edge

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