Casinos stay in business because in the long run they always win. This is the golden rule of gambling and is due to what is known as the house edge.
In short, the house advantage is a percentage of wagers made by the casino expects to keep. So, for example a game like blackjack, which is the house advantage is about 0.6%, the casino provides that for every £ 1,000,000 will take bets on it for £ 6,000 This may not seem like much, but This percentage is always a work in favor of the casino – and the longer you play, the more you win.
Despite the short-term fluctuations, where individual players come all the benefits of casino on the edge of the house. Different sets of different parts, but one thing is certain – none of them are in favor of the player!
With the exception of games in a casino.
Betfair Zero Lounge offers four games (roulette, blackjack, baccarat and video poker), without the benefit of the house. In other words, expect to win one of these games in general.
It may seem strange, but it is quite true. Betfair’s website that the expected return to player (ie disbursement rate) is 100% to 2 decimal places when they played with optimal strategy.
100% payout rate means that the probability of winning or losing are the same as betting on the toss of a coin – you can expect to lose and nothing to win in the long term, but in the short term, can go forward.
In fact, when he launched the Zero Lounge Betfair has lost many of the countries where it is played. In Greece, for example, they have lost nearly £ 30 000 and calculated a payout ratio of 100.02%!