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Glossary Statistics / Term

House Edge

In casino games, the expected payoff to the bettor is negative: the house (casino) tends to win money in the long run. The amount of money the house would expect to win for each $1 wagered on a particular bet (such as a bet on "red" in roulette) is called the house edge for that bet.

Permanent link House Edge - Creation date 2021-08-07


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