House Edge
casino
Pronunciation: HOWS ej
Definition
The statistical advantage the casino has over the player in any game.
Detailed Explanation
House edge represents the percentage of each bet that the casino expects to keep over the long run. It's built into every casino game and ensures the house's profitability. For example, a 5% house edge means the casino expects to keep 5 cents of every peso wagered over time. Different games have different house edges.
Usage Example
"Blackjack has one of the lowest house edges at around 0.5% with basic strategy."
Philippine Context
PAGCOR-licensed casinos in the Philippines must disclose house edges for transparency, helping players make informed decisions.
