What is House Edge?
House edge is a fundamental concept in casino gaming that represents the built-in advantage the casino has over time. It is expressed as a percentage, indicating the portion of each bet the casino expects to retain over the long run. Think of it like this: if you wager KSh 100 and the game has a 5% house edge, the casino expects to hold onto KSh 5 on average, paying back KSh 95. But hey, that doesn’t stop you from landing a hefty win in the short term – mambo can change in an instant!
Different games carry different house edges. Skill-based games like blackjack can drop to around 0.5% when you nail the strategy, while pure luck slots might climb up to 10% or more. In general, the more strategy involved, the better your long-term chances. poa, right?