The simplest way to explain this is by example.
Say you’re playing a game with a 1% house edge. For every $100 you spend playing this game, the casino expects to receive $1 (1% of 100). They might receive more or less every round. But in the long run, this will average out to $1.
When you figure that they are dealing dozens or even hundreds of hands per hour – PER TABLE – it’s not hard to see how they can make astronomical amounts of money. And that’s just for their table games.
If you want to see for yourself how much money you can expect to lose to the casino (in the long run), simply multiply how much you’re betting by the house edge (in decimal form).
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