Glossary
House Edge
Definition, examples and related concepts for casino house edge.
Quick answer
House edge is the operator’s theoretical long-run expected advantage on a wager, usually expressed as a percentage of total money wagered.
Why it matters
It lets players compare the mathematical cost of wagers that have different rules and payout structures.
Example
A 2.7% house edge corresponds to an expected long-run loss of $2.70 per $100 of total action.
Related concepts
RTP, expected value, variance, volatility and betting speed all describe different aspects of gambling economics.
Related reading
Responsible gambling: Gambling involves financial risk. Never chase losses or gamble with money needed for essentials. Eligibility and legal age vary by jurisdiction.