house edge
Built-in casino profit
The house edge is the mathematical advantage a casino holds over players in any given game, expressed as a percentage of each bet the house expects to keep over time.
A 5% house edge means for every $100 wagered, the casino expects to profit $5.
Blackjack has a lower house edge than slots.
The house edge ensures casinos remain profitable regardless of individual winners.
- vigGambling commission fee
- oddsLikelihood expressed numerically
- game rulesInstructions governing play
- casino gamesWagering activities at betting houses
- rouletteSpinning wheel wager
blackjack · probability · expected value · the long run · wager · vigorish · poker · craps · slot machines · bankroll · variance · pay out · betting · jackpot · dealer · risk · rake · margin
- blackjackblackjack, 21, twenty-one, hit, stand
- gamblinggamble, gambling, casinos, casino, bets
- gambling lingoall in, ante up, raise the stakes, go all in, high roller
- Casinoscasino, casino floor, gaming floor, chips, casino chips
- gambling termsbet, wager, odds, chips, jackpot
- bettingbet, ante, wager, odds, stake
fairness of odds
house edgefair odds
Equitable probability assessment
true odds · even money · fifty-fifty · fair game · level playing field