No matter what game you choose to play in an online casino, the odds of you winning vs the odds of the house winning is not even close to equal.
You may have heard the phrase “the house always wins”.
Statistically speaking, the house will always have an edge against the player. Casinos are not charitable organizations, they are a business and the business needs to be kept afloat! Every casino needs to profit to survive.
Every game that the casino offers will have a house edge in favor of the casinos, whether it’s slots or blackjack.
Here, I discuss roulette house edge, which is useful if you plan on playing online casino games for real money.
What is House Edge?
House edge in very simple terms is how much money the casino makes from online casino games.
Simply put the house edge is the advantage that the casino has for a particular game over players. This advantage is how the casino ensures that it will always be profitable over the long term no matter how many players win.
Though it might sound a little unfair in the beginning, the house edge in no way means that you do not stand a chance of winning. It only means that over time, taking all players into account, the casino will always make more money than what players win.
For example, it’s possible to beat blackjack’s house edge by counting cards, which is why some casinos consider this cheating, players who are found card counting may end up being banned.
You can even see it as a small price to pay for entertainment. There is always the chance to win big after all. The house edge is different for every game, but for online roulette it is usually around 2.7%. This means that you will only lose $2.70 for every $100 you spend on the game. In the grand scheme of things, that’s not too much!