Casino Industry Glossary

House Advantage

General Casino Terminology

/ House Edge The statistical difference in odds of winning based on rules favoring the casino, expressed as a percentage.

In practice

Critical mathematical concept; varies by game.

One entry from the Casino Industry Glossary — 1,157 terms written for surveillance, compliance and operations professionals rather than for players. Definitions describe industry usage; where a term carries a regulatory meaning, verify against the instrument that governs your jurisdiction.