House edge is used to describe the share of the money that the venue keeps in every game. It is the mathematical probability that favours the casino or the venue facilitating the game over the players. Whoever wins or loses, the casino always gets their share of the assured sum of money. House or casino uses this money to provide hospitality services to their guests and makes the gambling business profitable.
Some of the leading faces of the gambling industries think that it is important for people to know about the house edge. Tabcorp’s spokesperson Piggot is of the view that people should not be allowed to think that they can win in gambling because this is not true.