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A Roulette wheel is an easy way to demonstrate ‘house edge’. All the numbers bar one are either red or black, so betting on red or black gives players almost a 50-50 chance to win. But the single pesky little green segment (the number 0) pays out to the house, making the odds of winning from a black/red bet just slightly less than 50%. That tiny margin gives the casino the house edge it needs to be profitable.

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