Since when is 5% a small cut?
That sounds like a ridiculously high house edge to me.
I think so too. 5% is not a small cut. Imagine if you know how many gamblers are playing their games and lose. Adding all of the money that the gamblers lose and deduct the overall total by 95% and i'm sure the result is no joke. The total money that the site owner can get with 5% is not small enough to be considered as low house edge.