House Edge

The casino’s built-in mathematical advantage, equal to 100% minus RTP. It guarantees profit over volume, not every session.

All terms

RTP (Return to Player)

House Edge

Vig / Overround

Implied Probability

Expected Value (EV)

Variance

Volatility

Kelly Criterion

Closing Line Value

Arbitrage

Dutching

Matched Betting

Lay Bet

Liability

Wagering Requirement

Risk of Ruin

Edge

Parlay / Accumulator