house-edge
Built-in casino profit
The house edge is the mathematical advantage a casino or gambling establishment has over players, expressed as a percentage of each bet the house expects to keep over time.
A slot machine with a 5% house edge returns 95 cents of every dollar wagered, on average.
The house edge on blackjack is lower than on roulette.
The term explains why casinos always profit in the long run, regardless of individual winners.
Facility for wagering
- advantageFavorable position or circumstance
- oddsLikelihood expressed numerically
- probabilityQuantified chance of occurrence
- marginEdge of a page
payout · rake · vig · vigorish · hold · percentage · blackjack · roulette
casino
Facility for wagering
- advantageFavorable position or circumstance
- oddsLikelihood expressed numerically
- probabilityQuantified chance of occurrence
margin · payout · rake · vig · vigorish · hold · percentage · blackjack · roulette · slots
minimizing
Reducing to smallest extent
session · grinding · comps · break-even
house, edge, houses, housed, housing, housebound, household, householder, housekeeper