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House edge is a theoretical number made up by mathematical analysts. It assumes that the player uses flawless casino strategy and that action plays out in the long-term.
That is why a player might win big money in an evening even if the edge is weighted heavily in favor of the house. You won 10 percent of what you wagered.
But the house edge calculates the casinos winnings over thousands of wagers made by thousands of people. Many games have a low house edge precisely because the casino wants you to win occasionally.
That way you will keep playing and the house slowly drains your bankroll. The hold is always higher than the edge, meaning that casinos always make more money than they theoretically should in each game.
Most players are not experts in their chosen game. Casinos count on players making poor decisions. In a standard blackjack game in which the player is not using a card counting system the house edge is.
So you lose more money than mathematical theory says you should. While the blackjack house edge is a paltry.
For example, some Vegas casinos have recently begun paying only , rather than , on blackjack hands. CTDs are small betting shops spread all around the country.
There are almost local In a move that was foreseen a couple of years ago with the creation of Hydra Industries for this very purpose.
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