While the thrill that is associated with winning at the casino amongst gamblers usually keeps them always tied to the game, it is without doubt that most often the house ultimately has an edge. There are several parameters that make it easy for the house to have an advantage over the gamblers. Some of such factors are by design while some can be said to be just out of natural occurrence.
In this content piece we are going to discuss some of the reasons why the house is in fact the real party in gambling that has an edge. Read on to find out more.
About The House Edge
Basically, the House Edge is a term that is most commonly used to refer to the mathematical advantage the game of gambling, and therefore the physical gambling venue, has got over the gambler as he plays over time. Thanks to this edge, the house is assured of a certain percentage of return over time. Unfortunately for the gambler, the converse is the end result, an assured percentage of loss on what he or she bets.
With this understanding, it is therefore prudent on the gambler to be aware of the fact that betting and gambling don’t provide foolproof winning. Of course the gambler can win for a little while, but not the long run.
So, Why The House Edge?
Well, gambling is a business to begin with and those who set them up do so to make profits. They aren’t doing it all just for fun or enjoyment and of course the goal of any business that operates in the world is to create profits. That being said, the house edge is designed to help the gambling provider being a commercial business to cover for its operation costs. The business has got staff to pay and bills to cater for and a goal to make profits.
Basically, the profits that the gambling provider makes come from the very monies that gamblers pay to play. And it doesn’t matter the kind of gambling game that’s involved, whether Blackjack, Roulette, Poker, Keno or any other type of gambling game. The Casino games house edge is designed solely for the benefit of the casino business and not the player!
The house edge is usually designed in such a way that a particular percentage of money that is placed by the gambler will ultimately remain there. An example is where a house edge could be built on a given poker machine where at least 12% of every bet made goes back to the business.
In poker machines there is what is called the random number generator. This is actually a computer that is programmed to choose a combination of symbols at a random fashion. To help the house remain with a specific predetermined amount, the random number generator designed in such a way that there will be more losses than wins.
With The Houe Edge Explained Does it Mean Players Won’t Win?
With the explanation of house edge above, it clearly shows that the casinos will ultimately win in the long run. Does this mean therefore that it is hopeless for players to play and expect to win? No, it is quite possible for any player to win at a casino despite the house edge. However, players need to be alive to the fact that they can only win in the short term and not in the long run.
It must be noted that it takes several thousands of bets to enable the house edge to even itself. There is no reason therefore for any player who is keen on trying luck to do and be able to win in the short term.
Examples of short term winning for players
First time player, for instance, could spin the wheel and be able to win absolutely on the first spin of the wheel. If such a player did not play again and decided to proceed straight home, the winning will be his or hers to enjoy.
There is also a scenario where the number predicted by the player could come up more than is expected in a couple of spins. This will comfortably help the player to win and beat the house without ever losing a penny!
In gambling it is important for players to always be aware that the odds are usually ultimately against them. However, there is also a chance that players can occasionally be able to beat the odds and win. In gambling, players aren’t always in the loop of what’s going to happen and this is why they need to be realistic in their expectations when playing. The game could be much exciting for the players if they cared to be alive to the fact that perhaps gambling is just a game!