House [Meaning] - MasterTerms.com

House

The house is the entity or business that operates the casino and profits from the games.

In every casino game, the house sets the rules and ensures that it has a statistical advantage over the players, known as the “house edge.” This means that over time, the casino will always profit, even though individual players may win in the short term. The house edge varies by game but is always designed to ensure the casino remains profitable.

House Example

For example, in roulette, the house edge comes from the presence of the 0 and 00 on the wheel, which gives the casino a slight advantage over players betting on red or black.