| Roulette - House Edge |
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| Written by Administrator |
| Friday, 02 April 2010 12:02 |
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( (probability * payout) / bet ) - 1 = expected value as fraction of bet For example, betting $10 on a single number on an American wheel: ( ((1/38) * 360) / 10 ) - 1 = -0.0526 The house has the same edge on all of the other kinds of bets, except for the five number bet where the house edge is considerably higher (7.89% on an American wheel). The house edge should not be confused with the hold. The hold is the total amount that the house wins from a player. While the house might have an edge of 5.26%, if a player keeps playing until his or her bankroll is exhausted, the house will enjoy a hold of 100%.
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