This guide will help you understand everything you need to know about this unit of measure that applies to both brick-and-mortar and online casinos.
This means that, for every $100 bet a player makes, the house expects to profit $5.Īnd what about the players? Is there a way for them to measure the probability of success? In fact, there is, and that metric is called RTP which means Return to Player. For example, on average, the house edge for an American Roulette game is around 5%. This edge only applies to the games where the players actually play against the casino, meaning that in games like Poker, where the players are betting against each other, this factor doesn’t exist.įor the other games such as slot machines, Blackjack, Roulette, or even Craps, over the long run considering a high number of placed bets in any of these games, on average the house will win a certain percentage of these bets. If we’re not taking into account all the other services a Las Vegas casino might have on its venue, at the end of the day, this so-called advantage that the casino has over the players is what makes them money. In short, the magic of a casino’s business model relies on this phenomenon which is called the house edge. If you ever set foot inside a brick-and-mortar casino, you know that no matter which game you decide to play against the house, you’ll always have the feeling that the casino has a built-in advantage.
