The ratio of the expected player loss to the initial amount bet. For example if the house edge for blackjack is 0.5% then for every $100 you bet initially you can expect to lose 50 cents. The house edge is a good measure of expected player wins or losses over time but is not a perfect measure of comparing one game to another. The reason is the house edge does not include additional money bet (for example doubling in blackjack or raising in Three Card Poker) as money bet. Two common mistakes in calculating the house edge are not including ties (they should be counted towards money bet) and including additional money bet (like doubling and raising) towards money bet. An exception to the usual definition is in craps, in particular proposition bets that can take multiple rolls to resolve. For place, buy, lay, and hard way bets the house edge is defined as the expected player loss per bet resolved. Another exception is in Let it Ride, in which the house edge is the ratio of the expected loss to a single bet (or 1/3 of the total initial bet).
Also known as PC (percent casino). The percent of all wagers the house can expect to win, over a period of time. Can vary widely, but normally is about 30%.
The percentage of each bet that you make that the house takes in. Winning bets are paid off at less than the true odds to generate income for the house.
This is the advantage that the casino has. Usually defined by a percentage of moneys played they are guaranteed to acquire. This is variable depending upon game, machine, casino, and even state or country. The house edge on Red White and Blue is 7.5% here.
The advantage that the casino has over the players in all the games.
The mathematical winning edge that a casino has.
the percentage of the overall wagers that the casino can win over a period of time.
A term for the casinos' advantage over the player. No game has a more favorable house edge for a player.
The advantage (or edge) a casino has over a player on a particular bet on the craps layout. Also know as Casino Advantage. See Tables of Odds for what the Casino Advantage is on all bets.
The advantage (or edge) a casino has over a player on a particular bet on the craps layout. Also know as Casino Advantage. Online Craps Glossary of Casino Craps Terms...
The house edge (also known as the casino advantage) is the profit that a casino builds in to each game. It is expressed as the difference between the true odds and the odds that the casino pays out. For example, in American roulette, you have a 1/38 chance on a single number bet. However, if you win on a £1 bet, the casino will pay out £35 (1/35 odds) plus return your original £1 stake. The difference between the true odds (38) and how much you get with the casino’s odds (36) is therefore £2. If you divide this difference (2) by the true odds (38) you have a house edge of 5.26%.
A mathematical number that represents the number of wagers that the house can expect to win over time. In Keno, the amount is typically 20-30%.
The advantage the house has by programming an advantage into thier slots or other gameing machines. this is also known as stacking the odds.
The mathematical advantage of the casino has on a given bet. The house edge is set at 5.26%, resulting from the player receiving odds of 35 to 1 rather than the true odds of 1 in 36 or 37 to 1. All in all, that edge is comparable to the "rake" in poker, and in some bets on the craps table, in Baccarat and other games including sports betting. The single 0 European roulette wheel has a house edge of only 2.70%. The player has a 1 in 37 chance of winning and still gets 35 to 1.
Expressed as a percentage, this indicates the "edge" a casino has over the player in a certain game. A typical House Edge will vary from 0.05% to 5% depending on the game.
The casino's advantage over the player in any game. Also known as edge.
The casino's advantage over the player. In baccarat the best bet is always on the banker and the fewer the decks the better the banker bet. Eight decks baccarat has a house edge of 1.06% / 1.24% (banker bet / player bet). One deck baccarat has a house edge of 1.01% / 1.29%. These differences in percentage do not seem large, but they do have a considerable impact on play in real life. Dealt and played using "standard" rules, a winning Banker bet is charged a 5% commission. If ties pay 8:1 the casino's advantage is 14.11% on ties. If ties pay 9:1 the casino's advantage is 4.8% on ties. In some casinos, ties are permitted to be bet on.
the advantage of the house to make profits on each game; It is estimated as the difference between true odds and the actual pays out the casino makes.
The advantage that the casino has over the player, measured in percentages.
The percentage of each bet that a player makes that goes to the house or casino. This is the advantage that the casino has over the player and is a way of generating income for the casino. House edge is also referred to as a vigorish or a vig.
The mathematical average of the casino's profit per player's bet. If $1 million is wagered in a given night at a casino, and the house edge is 5%, then the casino profits $50,000 and players walk out with $950,000. The house edge is the way casinos profit. Blackjack is one of the most popular casino games as it offers a house edge of less than 1%.
(n). The term "house edge" refers to the percentage advantage of casino over the player.
the wagering advantage of the casino (house) usually gained by paying out less than real odds would require
The house edge is another name for the vig.
The casino's mathematical advantage, expressed as a percentage of each wager.
Also known as PC (percent casino). The term referring to the mathematical edge that the casino has over the player on a particular bet. A house edge of say 1% means that for every £100 bet by the player, the probable long term outcome will be £99 won by the player, and £1 retained by the casino.
The mathematical edge that the casino has on a given bet. Also known as the casino advantage.
The "house edge" is a pre-set mathematical advantage per bet for the casino, and is expressed as a percentage of the amount bet. It is the same as the word "Hold".
The casino's built-in advantage. See also "vigorish."
The casino in-built advantage, usually gained by paying less than the odds.