Ok so house edge is basicallynthe profits the house pulls in. But I wonder...
Due to the nature of people and gambling do you still think people will lose more then win and the casino will still make money ? Do you think people will keep being greedy till everything is lost or do you think it will be equal to both player and house ?
Due to the nature of people and gambling do you still think people will lose more then win and the casino will still make money ? Do you think people will keep being greedy till everything is lost or do you think it will be equal to both player and house ?
That's the wrong way of thinking about it. That's how a player would think. The banker/house always thinks of the long run however slight of an edge they have. They know in the long run they always win regardless of the variance and the short term results. If you take away the edge and have it at 50/50 then it's an even game in the long run. Now why would you operate as a casino with those odds. You lose in the long run as you have to make money to keep the casino going.
