Knowing the house edge can influence the way you place bets by helping you make more informed decisions. If you are aware of the house edge for a particular game or bet, you can better assess the potential risk and potential payout. For example, if a bet has a high house edge, you may be more cautious and bet smaller amounts or avoid that bet altogether. Conversely, if a bet has a low house edge, you may feel more confident in placing larger bets or playing that particular game more frequently. Ultimately, understanding the house edge can help you make more strategic and calculated betting decisions.