Johnnie Poker
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House advantage, or house edge, is the opposite or negative of the player expectation, expressed as a percentage of the wager. Sometimes house advantage is referred to as PC, for percentage, although care must be taken when discussing PC since this term is sometimes used for hold percentage.
"Hold Percentage" is not the same as house advantage and there is much confusion among some casino personnel regarding the meaning of “PC.”
Hold and hold percentages are discussed when common casino measurements are examined in more detail. House advantage (HA) is the most commonly used indicator of the value of a particular game or bet. From the casino’s perspective, the house advantage represents how much, in terms of percentage of the money wagered, the casino can expect to retain in the long run.
Double-zero roulette, for example, has a house advantage of 5.26%. Thus, for example, if many wagers totaling $1,000,000 are made on the roulette tables in a given year, the casino will make (win) about $53,000.
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