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The Built-In Advantage of the Casino |
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<br>You've likely heard the saying that the house always comes out on top. It's a direct reference to the house edge, the mathematical advantage that ensures casino profitability. It is the casino's built-in mathematical advantage over the player in any given game. Grasping this concept is essential for anyone who wants to gamble intelligently.<br> |
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The Math Behind the Advantage |
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<br>The house edge is derived from the difference between the true odds of winning a bet and the odds that the casino pays out for that win. Let's use a simple example from Roulette:<br> |
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The wheel has 37 numbers in total. |
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The actual probability of your number coming up is 1/37. |
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However, if you do win, the casino pays you out at 35 to 1, not 36 to 1. |
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That small difference is where the casino gets its edge. |
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In this case, [casino](https://goldfish.it/casino/betwin360/) the house edge is 2.7%. This means that for every $100 bet on the wheel over a long period, the casino expects to make an average profit of $2.70. |
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Which Games Offer the Best Odds? |
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<br>Not all games are created equal |
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