Post
Topic
Board Gambling discussion
Re: Dice 101
by
Betwrong
on 22/09/2021, 10:28:51 UTC
As I'm always saying, don't overestimate the impact of house-edge on your performance. It's not that big as people might think.

Yeap, the house edge is always just slightly higher than the player's, but that's enough for them to make a lot of money.
You ask me: Why?
Because even though it's a small advantage, most users continue to play while they're winning, and generally raise the stakes with money that's already in the house, thus increasing their chances of returning everything they've won.
Few are in the habit of stopping when they've won enough or restarting bets at a smaller amount.
The house benefits far more from the players' addiction than from the luck advantage.

Actually the house doesn't care whether a particular player is winning or losing. It's a common mistake to think that casinos want that there were more addicted gamblers. They surely don't want that because the higher the number of people addicted to gambling, the higher the probability of prohibitive laws regarding gambling to emerge. What casinos want is a lot of people playing on their platform. Notice: playing, not losing. They make money on the house edge, not on what some unfortunate gamblers are losing.