![]() ![]() ![]() Over the long-term, you may be expected to lose 5% of the time, but in the short-term anything is possible. Secondly, while you are expected to lose money over the long-term, even with the odds stacked against you, it’s still possible to win. The more game rounds that are played for a particular game, the more the average loss will approach the house edge in practise. But the law of large numbers tells us that if you play a game repeatedly for enough time, your losses will gradually approach the house edge. In any given game, you may turn a profit, break even, or realise a loss. ![]() The purpose of the built-in mathematical advantage for the casino is to ensure their operations remain profitable.īut what’s the point of playing if the house has a built-in mathematical advantage?įirstly, the house doesn’t need to beat every player - the house takes a percentage of the wagers placed by all players as profits over the long-term. You may have heard the phrase ‘ the house always wins’ before, which refers to the fact that players are at a disadvantage when playing in a casino and risking their stake when betting against ‘the house’. The house edge percentage can tell you the average loss you can expect with each bet and help you make smarter betting decisions. House edge is the mathematical advantage that a casino has on a player’s bet that ensures the casino makes a profit over the long run. House edge is an important concept to understand when you’re betting. ![]()
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