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In games that have a skill element, such as blackjack or Spanish 21, the house edge is defined as the house advantage from optimal play , on the first hand of the shoe . The set of the optimal plays for all possible hands is known as “basic strategy” and is highly dependent on the specific rules and even the number of decks used. With European Roulette, because it has only the single zero , your odds change like so. Betting one chip on red/black or odd/even gives you a chance of 18/37, about 48.65%.