Does the "house" always win?
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Does the "house" always win?
Frank Scoblete (Casino Gambling Expert & Bestselling Author) gives expert video advice on: Which casino games represent the best odds for a player?; What is the rule of thumb regarding "when to walk away"? and more...
A lot of players have the idea that the house always wins. If that were true then no one would ever come back to a casino, because no one would leave with any more money than they came with. Over time, however, the "house-edge" grinds away at a player. In the game of craps, for example, there's a bet called the "pass line" bet. The "pass line" bet will win 251 times for the house, and 244 times for a player. Now, many players think that's an even bet, but it's not; the house has an edge of seven wins over the player. If we look at this example, then it's easy to see how the house can, over time, always win