The “House Edge” is a term used in the casino industry to describe the mathematical advantage that the casino, or “house,” has over the players in any given game. Expressed as a percentage, it represents the average gross profit the casino expects to make from each game.
For example, if a game has a house edge of 5%, it means that over the long run, the casino expects to keep 5 cents of every dollar bet on that game. This advantage ensures that the casino will make a profit over time, even though players might win in the short term. The house edge varies among different casino games, with some games having a higher edge than others. It’s a critical factor for players to consider when choosing games, as it affects their chances of winning.