What You Should Know About Casino Gambling
Have you ever noticed it in a casino? I am not just talking about “online casinos“, but in general. Have you noticed that generally when you enter any of them, you will find rows upon rows of slot machines… but only one roulette table, or only a poker table? There is a logic behind doing this, but this isn’t because they are requiring additional lights or noises, that they populate the halls with one-arm bandits. The logical reason for it is rooted in a far more commercially-oriented objective.
Because it’s fact… casinos and gambling are in it for the money. From a gambling hall’s consideration, those slot machines are the big money horse. Pound for pound (or should we say “coin for coin”?) slots produce more revenue than poker, or blackjack. The majority of casino-goers will think that poker and blackjack are more profitable to the house, but the reality is very different.
Without going into the mathematical calculations of the roulette game (readable in Wikipedia, under “Roulette“), but know that the profit margin on a European / French roulette owner is only about 2.7%, while an American roulette margin dives lower yet. Today, the objective is to explain the main reasons as to why the above dynamics are in essence.
There are many misconceptions as to the way placing a bet really takes place at the table, and feel free to fault all your favorite James Bond spy-flicks, if you think all punters are pitching thousands (or tens of thousands) per bet. It
doesn’t really happen like that. Most people really aren’t tycoons throwing chips like shooting skeets. Bets are most times reasonably conservative, due to a potentially high payouts with just small bets.
In such instances, just a $25 bet could earn you right around $1,000. Because of ratios like these, it’s no wonder the majority of gamblers place conservative bets! It sometimes happens that there will be a player hitting it big at the table, netting a jackpot like $250,000. Of course, it certainly isn’t the norm… but when it does take place, the house really feels it. In slots, bets rather low. It’s a penny-ante gambling game, in the majority of cases. However, there are higher bet machines in casinos, which can go up to $100.00 a bet.
However, moneys won in slots are fairly low, due to a very high number of chance and probability variables that 3 or more reels turn out in a winning combination. Due to this, the house makes higher earnings with with slot machines, instead of other games. The second revenue generating upper hand slots exercise over other table games is that, in the case of table games, the House is playing against more than one opponent at the same time; the House’s chances of losing are higher.
These betting odds that the Casino faces are even composite, since a winning hand can come from any player betting, even though some end up losing. To facilitate this, there are sometimes teams working sneakily, as if they were casual punters who don’t know each other. In the example of blackjack, the house can also end up staying on a low hand, but required to payout however many players who didn’t bust. And if the gambler played a “double down”, it can cost them twice as much for a “full” BlackJack combination.
Thirdly, crafty players try to use tricks which sometimes work in favor of players, when they work. Obviously, betting establishments anywhere are always on the lookout for people doing stunts like these. Which is why the moment you’re caught attempting crafty stuff, you’ll be most likely thrown out of the house pronto. Because odds are generally poised in the house’s favor, hence the saying, “The House ALWAYS wins in the end”, ambling businesses are not one bit keen on “unfair” advantages… at least, for gamblers.
There’s a lot of money in the gambling industry, so as such, these people are very much ahead of their game when they have to take care of security and guarding their interests (i.e., advantages). So be advised that tactically positioned CCTV cameras ARE monitoring you, as well as the plain-clothes security crew.
Card counting, sleight of hand, accomplices… such trickery could result in unpleasant outcomes, if you are spotted trying to trick the House. As you can see, poker and blackjack pose substantial risk to the Casino, because of some systems that casino-goers can employ to beat the house. Because of the randomness of slots, there are no tricks to produce any effect in playing slots, thus the slot machine remains a casino’s principal big earner.
Possibly, the greatest of advantages slot machines have (like any gambling game), is that slots is particularly and compulsively ongoing. With slots, most times a player is close to cashing in even a small payout, and this “almost won” with slots pushes most folks to keep gambling beyond any a sensible limit.
There’s a voice in the back of your head saying, “OOOH! SOOO close!. Come on, one more…. ARGH!!!”. Gambling businesses leverage all they can, and that’s why their halls are lined with slot machines, instead of the roulette tables. Again, casinos are a, business and it’s about turning profits, and you can “bet” on it that nothing was left to casual planning.
Although it can be fun to blow a little money on gambling games and slots every now and then (who doesn’t like the idea of winning a fat jackpot?), always exercise your own common sense, and never bet money you can’t afford to lose!