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Lesson 2 of 5
~10 min
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House Edge Explained Simply
Understanding why the house always has an advantage
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🎯
Hook
🎯 Hook: The $11 to Win $10 Puzzle
You want to bet $100 on the Kansas City Chiefs to win their game. The sportsbook offers you -110 odds. This means:
- If you win, you get $190.91 back (your $100 bet + $90.91 profit)
- If you lose, you lose your $100
Wait... why not $200 back? Why do you only win $90.91 when you risk $100?
That missing $9.09 is the house edge. And understanding it is the key to understanding why casinos and sportsbooks always win in the long run, even when individual bettors win.
Section 1 of 5