Topic: House Edge (Read 2078 times)

Not only in the long run but even by the time we play, we shortly experience a loss. This happens at most times though based on my experience. Even though there is no error but a common lucky game of players can still suspect them and some can made an alibi only to stop that player from destroying them. Worse is they will confiscate the wins of those players. It is funny that they can easily detect our actions but if they are the ones who have a problem, it takes time for them to look at it.

Obviously a reputable casino will do what you said because they are reputable anyways. This is the reason why they achieved that status and they won't do something that can scratch the reputation that they already built.

This is not how casinos are supposed to operate, at least not the legit ones. Pretty sure you didn’t mean to say this but the way you said it is the same as saying that all casinos manipulate the results of their games. On a legit casino, winning or losing depends on your luck.

But you are correct, this is a low risk and profitable business for casino owners thanks to the house edge which guarantees that the house will always win on the long run.

Many times we look for regulated casinos, and for some players the word regulated means that they have to comply with certain KYC levels and the money and everything is safe, but it is not like that, nor does the fact that the casinos have a thousand licenses guarantee their honesty, that either, but I think that the best casinos in my opinion are the oldest, that is the type of casinos that I look for, that is why I like casinos like bitcasino.io, stake.com, among others that I know are high caliber casinos, they give me absolute confidence.

The term "house edge" itself suggests that it favors the casino. In no way will it ever give professional gamblers an advantage. Honestly, even if they’re professionals, gambling on the wrong game will lead to losses... or maybe they aren’t professionals at all. 

True professional gamblers focus on games where they can apply and develop their skills, not games of pure luck like the ones OP mentioned.

We can always make money from gambling but we should know that majority of the profits we are making is as a result of other gamblers loses. There is nothing free in gambling because there is no way we could be making profits and thinking the money is actually from the casino team. No, this is mostly as a result of loses from other gamblers. Anytime we end up making loses, we should know that the money is from someone else. Having a casino is a huge business and there is no way you would ever make loses from it.

The casino is the business I know that is almost completely risk-free for the owners, it's free money because "they cut the shot." They let you win if they wish to and let you lose if they wish to, so they are already "made" if the marketing and recognition favour them and I don't think any business can ever be able to be compared with how easy it is for the casinos to make money when it is already well-established. It is the starting time and resources that could be initial challenges. For this, we only try our luck and should be prepared for responsible gambling by admitting the house is supreme.

They are building a business and its really that a standard that they will really be setting out advantage against into their users or gamblers. They arent building a charity on which they will be making up something without having any benefit. We do know that gambling business is never been cheap on which its understandable that they will be needing to make money on reaching up their ROI. Come to think that they are really making things looks entertaining and this is the main purpose of gambling in the first place. So its understandable that they will be having that edge on which its recommended that as a gambler then you do really know at least the basics of things about on how you do lose up in the longer run despite of making up some winning or on breaking even. Amount will really be that totally different on what you had spent and won up.Theres really that difference due to house edge, but in overall its not really that too much in gap or difference with numbers because it is really just that too small in differences and thats normal. Gambling is just for fun and better dont mind about on how much you have lost on just simply move on just in case you are really that experiencing a series of loses. Its normal, being lucky could also happen too but dont expect too much because in gambling only a few do able to make money if they are lucky.

House edge is part of the foundation of gambling and there will not be a casino if the house edge system is not in place this is because without house edge the casino will not have enough revenue to run the business and that is why house edge is an important aspect of gambling, the earlier the gamblers know about this reality the better for them, because having in mind house edge advantage will always act to preserve the gambler from expecting too much from their games....


And it helps the casino also to generate more revenue to keep the business going, this is why most times, we tend to mis use the essence of house edge in gambling since some gamblers thinks otherwise.

No, we aren't showing house edge that way, but in most cases the gamblers will lose money in gambling and that's a fact. Only few lucky fellows might win against house edge but only when their luck is fully in their favor.

The same lucky fellows might lose money when they continue betting, and their luck won't save them every time.

Some bets will of course be win bets and some of those will be loss bets, however, the house won't lose even if someone wins because at the same time someone else is losing.

That's right. Indeed, the distinction between short term and long term is essential. In the short term we can win, and that is what attracts us. If we never won because of the house edge or whatever, there would be no gambling. What happens is that the house edge is based on the law of large numbers, whereby the more we bet the closer our actual result will be to the expected result, but in the short term there can be variations that are very much in our favour.

You guys speak about house edge as if it's something that ensures that gamblers never encountered any winnings, of which it's not, if all gamblers are to look at house edge the way you guys do or seem to be looking at it, no one will be gambling all gamblers will believe that every bet they place will result to nothing other than failure.

What I want you guys to understand is that, individually, it is very possible to beat the house edge, most especially in the short term, but generally or collectively, it's may not be possible because more gamblers usually will lose their games, than those that are lucky enough to win.
And on an individual level, when a gambler is able to calculate his entire spending on gambling, and is also able to tell how much he or she has won in total, as well as lost in total, if the amount won in total is more than the amount lost, it simply means that the gambler is in profit and ahead of the casino's house edge, this is absolutely doable with the help of skill, knowledge and luck, depending on type of gambling game the player is focused on.

Yes most of those cases could be that the gambler have failed in one or two ways to obey the TOS of the casino, in fact most of the newbies in gambling lately don't follow the terms and conditions reason being that not many of them even take the time to read the terms and conditions of the casinos in the first place, for this lack of awareness of the rules make it easier for them to violate some of the rules unknownly and the get penalized for that regard because ignorance is not an excuse to violate rules..

When you see account banned, 90% of the cause is from the gambler and only less than 10% is a genuine case of mistakes or abuse from the casino, since we have some casinos like 1xbits that have several unresolved cases of accounts banned without clear explanation, so those one are part of the 10% gamblers right abusers in most cases.

In conclusion

Issue of accounts banned and house edge have no connection because no casino will banned account for the sake of house since house edge mechanism is to protect the interest of the casino by giving advantage to in house games to favor casinos more than it favors gamblers.

I gambler may not get banned all because of his winning, it may be that such has violated the rules, or any other attempts on the website that goes against their ToS, when we make a huge win and we are eligible to make withdrawal after fulfilling all the kyc and verifications requirement, we are going to be free of being banned, every consequences come along with the offense we made or violation taken by us form them.

The answer to your question is simply because casino is a business. Their games are all designed that they will win in the long run so they can easily spot any error to their games if a certainty player consists draining their bankroll because in theory their games is designed that players will not win in that manner.

Ofc they will fight every penny if they knew that it’s from abnormal win since they need it for their business operations or else they might went down or decreased their profits.

On the bright side, on,u mediocre casino doesn’t pay for damage/questionable games like this but reputable casino accept loss and pay user if the game has bug on it.

Yes, and the problem is that the casino always has to be considered and understood, but not the player as such, and that is not something fair, why does the casino always have to be Understood ? No , yes, if something like that happens, the casino has to assume that the person who was playing should be paid, because that person is not to blame for the insecurity of the casino , so it would make me very angry to win and then be told that no, that the money is not going to be Given because they are the casino, that is what should be fought for and should be accepted as rights and rules, the Casino will always look for the rules for its benefit, for those types of acts the casino must assume that the Error was theirs, not the player's, and assume that expense, for me that is what should be.

I think that’s fair, but they should provide a public statement about the incident since it doesn’t just concern one gambler - it affects everyone. If they’re regulated, the regulators will likely conduct an investigation to verify the legitimacy of the claim, as it directly impacts the gamblers' chances of winning.

These situations are actually quite common, not just in casinos but even in sports betting. Incidents like this happen from time to time.

You are right in what you say, but I have seen some cases where they start playing the slots, but things do not go well for the casino and Suddenly the player who knows nothing wins and wins and wins well, then the casino then makes an apology and says that this is not fair because it turns out that the slot was in the middle of an exploit by another user, so what happens to the Customer who was also playing and winning? and about to withdraw and they throw everything back at him ? I think that is where the casino should pay, because the Player is not to blame for having been in an exploit, that is what has happened.

Actually, it depends whether the casino use their relatively low House edge as part of their advertisment campaign or not. I have seen casinos here on the forum which start their signature campaign and also their ANN the read allowing possible gamblers to know how low their edge is, in order for them to try to attract them to try their games. Less edge, means less money is kept by the casino in the long term by each one of the players who decide to sign up on it. In contrast, when comes to brick-and-mortar casinos, they do not openly disclose their house edge to gamblers who just enter their gambling floor, they just allow them to get their playing chips and start right away with their wagering.

Though, I am not sure whether casinos in Las Vegas and other popular gambling destinations are legally required to reveal their edge to gamblers if they request such information to the staff. It would make sense to me of it was part of their local laws.

It is really just that too impossible that you wont really be able to make yourself recognize with house edge as you do go forward or on the time that you are getting some experience towards your gambling activity. Lets say that you had just recently started up on which it will really be just that too common that you will be making up some realizations that your winning is really just that less than on what you had wagered or bet on. Soon you will be able to find out those differences and making up some searches about HE on which on the time or moment that it do happens. Gamblers will really be that making up those awareness at the time that they are on the losing situation and not on the winning ones. On the moment that they have suffered huge loses then this is where they will really be trying out to seek for some possible reasons behind it.

Its true that this is where the gambling casino would really be able to make money on and since its business then its really just that a normal approach. Gamblers will really be that losing in the long run even we do say that they are somewhat do able to sustain their gambling activity but the winnings they do have is completely that being reduced, not unless if you do win up some jackpot or huge multipliers then it will really be able to compensate or cover up on what you have lost earlier.

Many casinos are meant to be regulated because their are some that always like to cheat their users because they believe they don't have to power to sanction them. This is a good reason why we need to make use of good and regulated casinos that we can report when things go wrong. Every gamblers to need to take their time and search for a good casino that will not end up scamming after some good reputation. Gambling is meant to be fun not to become something that customers will be complaining about that they can't access their accounts.