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House Edge


wilbergei

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Posted
41 minutes ago, wilbergei said:

How about the really high ones. Like on american roulette its around 5.24% edge

 

Ur choice to play there, but its too high. 5% is realy high for a house edge, better play in lower h.e sites.

Posted

Casinos would breakeven without the house edge. Luckily it is small enough to make a profit in the short run, but unfortunately, even if you do win, in the long run, the statistics will balance out and you will lose again...

Posted

House is the main thing that's make the gambling site alive. They get profit for the house edge. At start time some gambling site face negative profit. But as time run user wager much and the house edge finally makes the work and get back their loss and profit for house edge. 

Posted
On 11/4/2018 at 7:42 PM, wilbergei said:

What do you guys think about the house edge affect on all casinos ?

I'm okay with the house edge but only for a small percentage. If it more than 2% it's a bit high tho.

Posted

every gambling sites have a House Edge i think, they take some profit from it

But i hope the % of edge is not big. because its really affected to the player who won the game 

Posted

House edge is more percentage chance on casino side. If there 1% HE it's meaning your chance is only 49.5% to win on 2x payout and casino have 50.5% chance to beat you. Why? If there no house edge,there will be 50:50, but since casino or dealer have house edge 1% there is only 99% its 49.5 on your side and 49.5+1 on dealer. 

when you run for long run you will get bust slowly since house have more % to beat you. 

  • 4 weeks later...
Posted
31 minutes ago, SovietDoggo said:

I think the house edge isn't needed at all but that's my opinion.

It's the bread and butter for the site's profit in the long run. :P

Posted
10 hours ago, SovietDoggo said:

I think the house edge isn't needed at all but that's my opinion.

Then casinos would break even, and there would be no incentive to keep the website operational (unless ads are introduced, but I would not gamble in a casino which spams ads). The house edge is used to keep the casino alive and pay for all the expenses and make the casino profit.

Posted

It makes sense. The casino has to make something out of every bet , this is a business and the fact that they've facilitated the environment to gamble should be paid for.

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