QuestionJune 11, 2025

The house edge is the expected value to the casino. False True

The house edge is the expected value to the casino. False True
The house edge is the expected value to the casino.
False
True

Solution
4.0(302 votes)

Answer

True Explanation 1. Define House Edge The house edge is the average profit the casino expects to make from each bet. 2. Relate to Expected Value The expected value for the casino is the mathematical expectation of profit, which aligns with the house edge.

Explanation

1. Define House Edge<br /> The house edge is the average profit the casino expects to make from each bet.<br />2. Relate to Expected Value<br /> The expected value for the casino is the mathematical expectation of profit, which aligns with the house edge.
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