I just thought, seriously, why we pay an edge in online Casinos?
Because almost all the online casinos are coming with player vs gambling-house type of gambling model. Hence obviously gambling houses need some advantage against the gamblers and they are taking it in the name of house edge.
They justify it like they needed it for their running costs coverage. The survival cost could be covered by having some fixed fees. Still we can see no gambling houses are preferring that but they always enforcing house edge against gamblers while playing.
You mean to say house are defeating us just through house edge ? I am not ready to agree this. It is just a game, there would be one winner and also there must be a loser. This applies to player vs player scenario also. Gamblers play multiple time hence they face losses. If you play only one roll in dice gambling then you might win near to 50%
That must be the actual possibilities of any gambling.