House Edge: Casino Profitability Explained
Whether you win or lose at the casino is usually determined by luck. However, it's essential to recognize that casinos operate on a calculated business model rather than relying on chance. To ensure profits, casinos have a built-in advantage known as "house edge," which indicates the percentage they are expected to retain for every bet.
What is House Edge in a Casino?
The casino, also called the “house”, uses various odds and rules to get an edge over the players. The house edge guarantees a...