DEFINITION
The mathematical advantage a casino holds over players on any given game, expressed as a percentage.
IN DEPTH
A 1% house edge means for every $100 wagered, the casino expects to keep $1 on average. Blackjack with basic strategy has a house edge under 0.5%. Slots typically run 3-8%.
WHY THIS MATTERS
Why House Edge Matters When Choosing a Crypto Casino
The difference between 2% and 5% house edge is significant over time. Playing 100 spins at $1 each: 2% edge costs ~$2, 5% edge costs ~$5. Over a session, choose games with the lowest house edge: European Roulette (2.7%) over American (5.26%), or Blackjack (0.5% with basic strategy) over pokies (3-8%).
RELATED TERMS
Crypto Casino
An online casino that primarily accepts cryptocurrency for deposits and withdrawals.
Fiat Currency
Government-issued currency such as AUD, USD, or EUR, as opposed to cryptocurrency.
RTP (Return to Player)
RTP is the percentage of all wagered money a game pays back to players over time, expressed as a percentage.
Variance
The degree of risk and reward fluctuation in a gambling game. High variance means big wins but less frequently.
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