The first thing we need to examine is a mathematical concept simply referred to as expected value. What is the House Edge?įor starters, let’s look at the broader picture.
There are complicated mathematical explanations, of course, but let’s look at it in layman’s terms. The house edge is a statistical advantage the casino has over players in all casino games. The reasons why the house always wins are always right there in front of your eyes in the form of RTP rates. But have you ever wondered why the house always wins? And before you ask – no, it’s not because casinos cheat or scam. The house always wins.’ Whether you’re an experienced gambler or a complete newbie, you’ve probably come across this expression.
