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Is this true of all casinos?

Yes, this is true of all casinos. Casinos make money by taking a percentage of each bet – also called the “house edge.” This house edge is how casinos make their money, and it’s why they always come out ahead in the long run.

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More information: https://www.inquirer.com/philly/business/20140110_76ers__online-gaming_firm_announce_partnership.html?outputType=amp