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‘High limit’ refers to any casino game where the minimum bet (and where applicable, the maximum bet) are of a very high value.
In the casino and gambling industry, hold refers to the percentage of total wagers that a casino or bookmaker retains as revenue after paying out winnings. It represents the casino’s built-in advantage, ensuring profitability over time.
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In gambling, the house refers to the casino or betting operator that provides the games and manages wagers. The house acts as the facilitator of gambling activities, ensuring games run fairly while maintaining a built-in advantage to secure long-term profitability.
The house edge is the built-in advantage that casinos have on most of the games played on the gaming floor, in order that the casino makes money.