![]() They are the odds stacked against players. These numbers are the percentages of defeat built into every casino game, sports game, or horse race you bet. That's 19 percent you have to overcome before breaking even. With breakage (the house rounds every payoff down to the nearest dime), add another two percent. In horse racing, you bet against everyone else at the track, and, typically, the house takes 17 percent of all money bet. But those other forms are also slanted toward the people running the games.Ĭasinos have something called the vig (short for vigorish), the advantage the house enjoys on all so-called "even money" and "true odds" bets, on which you're paid, respectively, what you've bet on or an amount proportional to your risk. The odds in a lottery are worse than other forms of gambling. WATCH SCHEDULE TOPICS ABOUT FRONTLINE SHOP TEACHER CENTER
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