Monday, June 24, 2013

Casino's Bread and Butter

house edge is bread and butter

Once you understand the concept of a fair game, you will see that house edge is a form of cheating. House edge come in three general variations.

  • Making a payout that is slightly less than fair payout
  • Maintain the fair payout rate but making a small increase in the total outcomes.
  • Making special rules that gives the house and advantage over gamblers.
If you do not factor house edge into your formula, you will lose in the long run without realizing it.

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