The House Edge – What Does It Mean?

: 1280 Highway 315; Wilkes-Barre, Pennsylvania 18702

: 126 miles northwest of New York City

: 2006 (casino operations)

: none

Pocono Downs was acquired in 2005 by the Mohegan Sun and along with the purchase came a gaming license to which the Mohegan Sun built a casino that houses more than 2,500 slot machines for those who love playing the machines. Most recently, in January 2010, the Governor of Pennsylvania signed a law allowing the introduction of table gaming in Pennsylvania, of which Mohegan Sun was the first to have its facility approved to install the popular table games.

While the casino doesn't offer hotel accommodations, plenty of places to stay can be found very near to the casino enabling you to get to and from the casino easily, as well as visit other areas of interest outside the casino property including shopping malls with all of your favorite retail stores, and a number of places to eat. You may want to pass up eating out in town however when you see the number of eateries available in this massive place. Among them you'll find:

There's a huge selection of great food and treats here for the taking and not you'll want to leave to visit anyplace else. After dinner, take advantage of the entertainment provided in one of the two bars that include live bands featuring local entertainment, music from the onsite radio station, and you can even play video poker right at the bar. The venues providing this entertainment include:

And the live entertainment features all types of music sure to fit in with anyone's musical tastes. The schedule changes regularly so be sure to check with the casino to see what's coming up on the dates you are interested in visiting.

For those who love to shop, you'll find onsite shopping at:

These stores feature a fine selection of clothing for both him and her, wines and cheeses, gifts and novelties and more. Just about anything you would need or want to buy can be found right on the property. For the sports fanatic who want to take in some baseball or hockey, you'll find several teams available in the minor league genre where you can watch up and coming players make their mark depending on the time of the year before coming to the casino for dinner and dancing and perhaps some slot play.

Whether you're into gambling or not, there's plenty to do here at the Mohegan Sun at Pocono Downs and the managers and staff at this great place will absolutely go out of their way to make sure each and every visitor has a great time while they are here.

You may have already heard the term, player talk of beating the edge or reducing the edge in all sorts of casino games. In reality it is quite a generic term that refers to the advantage that a casino has in any particular game.
For instance, in roulette the house edge is represented by a zero on the wheel. If you place a wager on red or black, odd or even then a spin landing on zero represents a win for the house. Statistically, it represents approximately a 2.7% advantage, but in US casinos there are two zeros on each wheel which double the ‘house edge’ to a huge 5.3% in favour of the house. That is all you need to know about playing roulette on a US wheel, don’t the house edge is too high.
But what does that figure actually mean, well it refers to the expectation is that the house will retain $5.30 of every hundred bucks you wager. That really doesn’t sound too bad does it? An evenings entertainment all for a few bucks risked, and of course you could always win! Unfortunately as any gambler knows this isn’t quite how it works, the percentage the casino retains is normally much higher.   In truth most casinos would be upset if they didn’t get that figure to over 30% or even much higher.
The reason is because the percentage doesn’t just refer to your specific bankroll, it has to be applied to every single wager you make. It’s often know as churn, each wager, every bet has that 5% advantage applied and it will slowly eat away your entire wallet if you keep playing for too long.   It is the fundamental problem with all systems, none of them can get rid of this advantage. In the long run all the casino needs to do is to keep you playing, the longer you play then the more this advantage will flatten out the lucky streaks and results.