House edge
The house edge is the share of each bet a casino expects to keep on average over the long run, equal to 100% minus the RTP of the game.
Related terms
- RTP
RTP, short for return to player, is the share of all the money bet on a game that it pays back to players over a very large number of bets, shown as a percentage.
- Rakeback
Rakeback is a reward that returns part of the house edge on every bet you place (in poker, part of the rake you paid), whether the bet wins or loses.