word type: noun
- The online poker room or live casino offering games of chance or skill.
- To bankrupt someone maliciously, as in "to get housed." (verb)
Remember this: The house doesn't beat the player. It just gives him the opportunity to beat himself. -Nicholas "Nick the Greek" Dandalos
The guy kept raising my blinds all night. It was so satisfying to house the shit out of that noob. -Unknown
You Should Also Know...
In a poker room, the house makes money by taking a rake from most pots (typically, the pot must reach a minimum size before a rake is taken). Online, the rake is generally five percent, with a maximum of five dollars. In a casino, the house is competing against its customers, so every time a customer loses a bet, the house wins. The odds are also setup to favor the house at the casino gaming tables, so if the players won and lost exactly as they were statistically expected to, the house would still win money.
Bringing Down the House: The Inside Story of Six M.I.T. Students Who Took Vegas for Millions by Ben Mezrich. This is a fascinating read about the famous M.I.T. blackjack team. The 2008 film, 21, is loosely based on it, but the book is much better.