diff --git a/Understanding-Casino-Math-and-the-House-Edge.md b/Understanding-Casino-Math-and-the-House-Edge.md new file mode 100644 index 0000000..f78a14b --- /dev/null +++ b/Understanding-Casino-Math-and-the-House-Edge.md @@ -0,0 +1,14 @@ +
Casinos are incredibly profitable businesses, and their success relies entirely on cold, hard mathematics.
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The house edge is the built-in mathematical advantage that the casino holds over the player in every game.
+The Secret of the House Edge +
If a game paid out at exactly the true odds, the casino would eventually break even and go bankrupt.
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Take European roulette, for example: there are 37 numbers on the wheel, making the true odds 36 to 1.
+The edge is an average calculation over millions of roundsIt cannot be defeated by betting systemsShort-term luck can temporarily overcome the edge +The Flip Side of the House Edge +
While table game players talk about house edge, slot machine players focus on Return to Player (RTP).
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However, because of short-term variance, one player might win $10,000 while another loses their entire bankroll.
+Finding the Best Casino Odds +
Smart players actively seek out games where the mathematical advantage of the casino is incredibly thin.
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Avoiding high-edge games is the easiest and most effective strategy for any [casino](http://liveinsofia.com/author/lucillemcgowen/) visitor.
+Casino GameAverage House EdgePlayer Skill NeededBlackjack0.5% (with strategy)HighEuropean Roulette2.70%None +
Accept the edge as the price of admission for the entertainment, and gamble responsibly.
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