What is House Edge and how it effects gambling

[Alucard1]

I would like to know What is House Edge and how it effects gambling ?
I am not new to gambling but still never understand this term clearly.

You are not new in gambling but you don't know what hours edge is?
You don't forget to be active in gambling but you forget to make some research, we can identify things through research, there is always an answer when we take time for searching about it.

The House edge is all about favor on the casino itself, once the gambler wins on a specific game, the casino still wins and earned more money than the winners, it happens in the long term of the game when there are many players who try the game.

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[Johnyz]

I would like to know What is House Edge and how it effects gambling ?
I am not new in gambling but still never understand this term clearly.

This is the edge of the gambling developer against the players so technically if the house edge is very high the chance to win on that gambling site is very low which every gamblers don’t like. This must be balance since gambling site wants to create profit as well same as the players. This is so easy to understand mate, and also important to know before you gamble.

[Timelord2067]

This is the edge of the gambling developer against the players so technically if the house edge is very high the chance to win on that gambling site is very low which every gamblers don’t like. This must be balance since gambling site wants to create profit as well same as the players. This is so easy to understand mate, and also important to know before you gamble.

I saw a thread in this board not that long ago asking what people thought was an acceptable level for a House Edge and while there was some discussion the consensus seemed to be in the 3% to 5% band as an acceptable House Edge

[Saisher]

I saw a thread in this board not that long ago asking what people thought was an acceptable level for a House Edge and while there was some discussion the consensus seemed to be in the 3% to 5% band as an acceptable House Edge

I'm ok with that percentage, there's still gambler who's going to win jackpot on that percentage, but the longer you play the house edge will play a big factor, best strategy is to always shift gear refresh or go for other games then comeback later I find success on this,

[imstillthebest]

I saw a thread in this board not that long ago asking what people thought was an acceptable level for a House Edge and while there was some discussion the consensus seemed to be in the 3% to 5% band as an acceptable House Edge

I'm ok with that percentage, there's still gambler who's going to win jackpot on that percentage, but the longer you play the house edge will play a big factor, best strategy is to always shift gear refresh or go for other games then comeback later I find success on this,

3 to 5 percent edge are high but this do depend on the game too  .

good games like slots usuall have higher edge but i better play on games or on site that has 1 percent or lower edges than that although this wont mean that i can be a winner now but atleast i have more chance than ever.

  your shared strats to beat the house is okay , i have tried this and seen many gamblers try that but is that all a myth ? because theres that time that we are gonna loose after trying these strats .

[erikoy]

3 to 5 percent edge are high but this do depend on the game too  .

good games like slots usuall have higher edge but i better play on games or on site that has 1 percent or lower edges than that although this wont mean that i can be a winner now but atleast i have more chance than ever.

  your shared strats to beat the house is okay , i have tried this and seen many gamblers try that but is that all a myth ? because theres that time that we are gonna loose after trying these strats .

House edge is an advantage to casino because they created the gambling activities and for them to earn they will going to make sure they will get the returns of their investment.

Meaning that casino are earning profits not by chance or luck. It was design for them ro earn and for you to play and making some fun with friends. Gambling should only consider as leisure and no way it could be a way to another source of income. Some gambler may feel lucky like hitting a jackpot but mostly gamblers will tend to lose. So make gambling a good leisure times.

[Timelord2067]

3 to 5 percent edge are high but this do depend on the game too  .

good games like slots usuall have higher edge but i better play on games or on site that has 1 percent or lower edges than that although this wont mean that i can be a winner now but atleast i have more chance than ever.

  your shared strats to beat the house is okay , i have tried this and seen many gamblers try that but is that all a myth ? because theres that time that we are gonna loose after trying these strats .

House edge is simply the amount the house rakes in to cover their costs and plan for new ventures.  Where the house makes it's real money is where the punters roll their winning back into vet more wagers at whatever game they are playing - even if they have a big win and eventually the gambler looses out.  Always know when to fold/cash in/walk away.

[btcltcdigger]

House edge is simply the amount the house rakes in to cover their costs and plan for new ventures.  Where the house makes it's real money is where the punters roll their winning back into vet more wagers at whatever game they are playing - even if they have a big win and eventually the gambler looses out.  Always know when to fold/cash in/walk away.

That's the hardest part, and that's the part on which house edge relies.
There's awlays that one question in your mind, "what if"... what if i can double it.
What if after 10 loses, the next one is a win, and i can get all my losses back

[aioc]

What if after 10 loses, the next one is a win, and i can get all my losses back

That's martingale it's not guaranty that what you expect will happen I tried it so many times but end up not the way i expected if you want to implement martingale be sure you have a lot of funds to chase your winning bet I experienced that I am one or two bet away from winning and getting all my losses but failed to get it for lack of big funds to implement martingale.

[btcltcdigger]

What if after 10 loses, the next one is a win, and i can get all my losses back

That's martingale it's not guaranty that what you expect will happen I tried it so many times but end up not the way i expected if you want to implement martingale be sure you have a lot of funds to chase your winning bet I experienced that I am one or two bet away from winning and getting all my losses but failed to get it for lack of big funds to implement martingale.

Ah yes, same happened with me.
It's surprising how big 1 satoshi initial bet can becoime if you have 10-15 loses in a row.
Burned around $20 in 20 games like that. Was not happy