Find Out Why Millions Of People Gamble Online Every Day
Have you noticed that anytime when you walk into a casino, the place is full of rows upon rows of slots… but perhaps a roulette table, or only one poker table?
There are reasons for this, but it’s not because the casino is needing an extra array of lights or noise, that casinos populate the playing area with one-arm bandits. The thinking in this is based on a far more sensible aim.
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Because it’s fact… casinos and gambling are a big business.
From a casino’s vantage point, those slots represent the casino’s big money makers. Pound for pound (or should we say “coin for coin”?) slots produce more revenue than poker, or blackjack.
The majority of people are convinced that poker and blackjack are more profitable to a casino, but casino make much more revenue on other games.
We can forego the mathematical calculations of the roulette game (readable in Wikipedia, under “Roulette”), but know that the profit margin on an European / French roulette wheel is only about 2.7%, and an American roulette margin goes lower still.
In this article, our intention is to discuss some of the fundamental reasons as to why such matters are such.
A lot of players maintain some misunderstanding on the modality of betting actually happens at the table, and you can blame all your favourite 007 films, if you think every player is pitching thousands (or tens of thousands) with each flick of the wrist. It doesn’t really happen like that. The vast majority of folks are not tycoons chucking chips like shooting skeets.
Bets are typically rather conservative, because of the potentially high payouts with even small bets.
In such cases, just a $25 bet can bag you close to $1,000. Because of potential payouts like these, it’s no wonder almost all gamblers place conservative bets!
What’s more, casinos might get a pro making bank really big at the game, scooping up a win like $250,000. No, it certainly isn’t the norm… and when it does happen, the casinos smile even less.
Slot machine bets substantially conservative. It’s a penny-ante gambling game, in the majority of cases. Although, there are higher bet machines available, and they can be in the region of $100.00 a bet .
Payouts in slots are fairly low, thanks to the vast number of chance and probablity variables that 3 or more reels line up in a winning combination. Therefore, the casino makes more money with slots than table games.
The second money making advantage slots boast over other table games is that, in the latter, casinos are competing against multiple opponents simultaneously; thus, the casino’s chances of not winning are higher.
These odds that the Casino faces are even composite, given that a winning combination could come from more than one player at the table, even though some don’t pull it off. You’ll sometimes find people working to cheat the House, pretending to be casual punters who don’t know each other.
In the example of blackjack, the Casino could end up bust, but required to payout however many players who did better than the dealer. And if the gambler had a “double down”, the House would have to pay him twice as much for a 21.
As you probably know, there is no shortage of systems and methods which sometimes work in favour of players, when they work. And casinos are aware of this
are always on the lookout for people trying to trick them. That’s why if you’re caught attempting crafty stuff, you’ll be ushered out unglamorously by the men in black .
Though odds stand mostly stacked in the casino’s favour, hence the expression, “The House ALWAYS wins in the end”, casinos don’t like “unfair” advantages… at least, for punters .
This is the gambling industry, so they go to great lengths to be ahead of their game when they have to take care of security and guarding their interests (i.e., advantages). A full network of strategically placed CCTV cameras ARE watching you, along with the discreet security crew . Card counting, sleight of hand, accomplices… all these things will get you barred, as soon as you are spotted trying to trick the House.
But getting back to the main point, poker and roulette can present substantial risk for the Casino, because of a few tricks that casino-goers could use to beat the casino . That said, there are no tricks to produce such advantages in playing slots, thus the one-arm bandit remains a casino’s mainstaple big money maker.
Possibly, one of the biggest advantages slot machines leverages (as with any gambling game), is that slots can be particularly and compulsively ongoing. With slots, you’re almost always close to winning even a small payout, and this “almost won” with slot machines pushes most folks to keep playing well past a reasobale limit. You’re always thinking, “OOOH! SOOO close!. Come on, one more…. ARGH!!!”.
Casinos leverage all they can, so the first thing they show you when you walk into the casino is the slot machines, as opposed to just one or two roulette tables. It’s a, business whose sole obejctive is turning profits, and they’ve done their homework .
Although it can be fun to blow a little money on casinos and slots every now and then (who doesn’t like the idea of winning a fat jackpot?), always excercise your own common sense, and never bet money you can’t afford to lose!
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