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Roulette House Edge
Now we will take a look at that statistical vampire known as the House Edge. This is one concept you should be clear on, for it is what guarantees the casinos a winning position. House edge is the mathematical advantage casinos hold over players, by paying of winning bets for less than what should be paid to fairly compensate the risk involved. See, there is a precise statistical probability for every bet you make in the casino. If the payouts were perfectly aligned with the probabilities, then in theory, in the long run, the casinos could never win in the long run. The house edge is the unseen foe that never sleeps. It works against you with every bet you make, grinding away your fortunes with malicious intent.

 

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