House Advantage (Gaming Law) Law and Legal Definition
House advantage is the casino profit expressed as a percentage of the player's original bet. Casino games provide a predictable long-term advantage to the casino or the house, at the same time offering the player the possibility of a large short-term payout. House advantage is the mathematical winning edge a casino has provided for itself. This may be done by manipulating the rules of the game and payoff amounts. By doing this the casinos ensure that it maintains a certain level of profitability. House advantage is also known as the house edge or casino percentage.
