Simple English definitions for legal terms
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A banking game is a type of gambling where the house, or the bank, takes bets from all players. The bank pays out the winning bets and keeps the money from the losing bets. It's like a game where everyone puts their money in a pot and the bank takes a cut of the winnings.
A banking game is a type of gambling where the house, also known as the bank, accepts bets from all players. The bank then pays out winning bets and takes losses from other bettors.
These examples illustrate how the bank in a banking game is responsible for accepting bets, paying out winnings, and collecting losses. The bank has an advantage in these games because it always collects a percentage of each bet, even if it loses some bets. This is how casinos make money.