Every day, thousands of dollars enter or leave the treasury of casinos, and we always hear about a gambler who wins or loses a large sum of money.
The thing that caught my attention is that the casino never loses. The money that you win is not the property of the casino, but of another player. The
casino is in the process of recycling the money that the players have invested. There is always a winner and a loser, and when you bet with an amount of money, you bet against the money of all the other players. If you win, they will pay you from their money, and if someone else wins, they will pay him
BTCBTC from your money.
So the casino remains the biggest beneficiary, right?
The answer is simple and this is the house edge, which means that no matter which game you choose to bet on, the chance that the casino will win is significantly greater than the chance that you will win. All casino games are designed to give the casinos a built-in advantage.