The House Edge and Chuck-A-Luck

Casinos enjoy an advantage over players. Its "rake" (or "vig") could be as low as two percent. But, millions of bets can bring in enough cash to ensure that the casino is able to stay afloat. Casinos have spent a lot of money on security, no matter if it's a sting operation and a rogue participant. They have specific rules and guidelines for players to help prevent this. Additionally, they invest in the most advanced technology.

The house…