Casinos, whether land-based or online, need to make money in order to operate. Most companies make good money on games and players who return time after time. Some people win big on the games the casinos can offer, while others deposit money without getting much in return. Even when players win millions, the casinos are always left with more, which means that players can come back with opportunities to win more – again and again. This is related to what we call Return to Player (RTP) on slot machines and house edge at online casinos.
From English , house edge can be translated to the benefit of the house, and explains well what is in the term. Every casino game has a house edge that is valid, but some have a lower house edge than others – such as blackjack and craps. In short, house edge is the difference b/w the true odds and the odds that the casino pays you when you win.
The last sentence in the paragraph above really explains why casinos have to use house edge on their games. Without a house edge, we players could make deposits on all possible options, and win winnings anyway. It would have been nice for a while, until the casinos went bankrupt as dominoes. House edge ensures not only fair play, but also a secure source of income for the casinos. This allows you to return to the various casinos and have fun with casino games, even with house edge, time after time. Who knows, the next person to enter the correct number might be just you?
Even slot machines have their own version of house edge. We call this RTP, which determines how much goes to the casino and how much ends up in the winning pot for the players. If you want to avoid big house edge at online casino and such coincidences, you can choose one of the two games at casinos that are determined by your own skills. This is poker and blackjack, which require some thinking and skill. Those who sit around the table during poker tournaments let nothing be determined by chance. You can probably also imagine that casinos are not always as fond of this, and among other things, counting cards is in the blackjack casino’s fear.