Tag: bookie

Casinos have an edge and they make money, FACT.Players bet on Roulette and the game has a built in edge in the casinos favour.The player wins or loses on individual bets, but the casino is looking at the odds over the long run.It is somewhat like the way the insurance companies calculate insurance premiums, they lose sometimes, but they have an edge in their favour where premiums collected are more than their payouts...