House edge determines the guaranteed profit the casino makes if the outcome of games is even, 50 games won and 50 games lost. How stupid are you?
Amazingly stupid. Its been explained to them a hundred different times why they're wrong yet they still barrel through it to continue posting things that are flat out wrong. Its more than retardation, its mental illness. Yet I think its still prudent to occasionally remind the casual reader why their explanation of "house edge" is wrong so they don't get even 1% of the public's sympathy.