About Casino Gambling
Have you noticed that most times when you walk into any casino, the place is full of rows upon rows of slot machines… but maybe just one roulette table, or only one poker table?
There’s a reason why that is, but this isn’t due to the casino needing anymore lights or sounds, that the gambling palaces fill the playing area with one-arm bandits. The thinking in doing so is made with a much more practical goal.
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Because at the end of the day… casinos and gambling are in it for the money.
From the gambling hall’s point of view, the slot machines are the casino’s money horse. Pound for pound (or beter yet, “coin for coin”?) slot machines are more profitable than roulette, or blackjack.
Most players believe that poker and blackjack are more profitable to a casino, but in actuality, they’re not.
Without going into the statistical considerations of the roulette game (which you can find in Wikipedia, under “Roulette”), but know that the profit margin for an European / French roulette owner is less than 2.7%, while profit on American roulette margin figures lower yet.
With our post, we aim to explain the primary points as to why these scenarios are actually the case.
Misconceptions abound about how bets really takes place at the table, and feel free to fault all those James Bond spy-flicks, if you believe all punters are shelling out thousands (or tens of thousands) at every play. It doesn’t really happen like that. Most casino-goers really aren’t multi-millionaires throwing chips like shooting skeets.
Bets are usually quite small, due to a possibility of high payouts with just small bets.
In these instances, a mere $25 bet is capable earn you almost $1,000. With leverage such as that, one shouldn’t be suprised the majority of casino-goers lay down small bets!
Occasionally, there will be a player hitting it big at the table, netting a prize like $250,000. Sure, it it’s not an everyday happening… but when it does take place, the casino really feels it.
Slot machine bets rather contained. Slots are usually a nickel-dime sort of game, most times. However, you can find some high-roller slots both online and off-line, which can go up to $100.00 a pull .
Chances of big jackpot earnings at slots are not that high, due to a very high number of chance and probablity factors that 3 or more reels result in a winning combination. Due to this, casinos bank better takings on slots, as opposed to other games.
Another income producing edge slot machines carry over their more glamorous counterparts is that, with Roulette, the House is up against more than one opponent at the same time; the House’s likelihood of losing are markedly increased.
These odds stacked against the House could furthermore be composite, because a winning hand could come from more than one player sitting there, although most end up losing. And let’s not forget the scam of teams working covertly, under the guise of being casual gamblers who just sat at the table.
Or like in blackjack, the House can also go staying on a low hand, and fstill forced to payout however many players who didn’t bust. And if the punter went for a “double down”, it can cost the casino twice as much for his Jack / Ace.
Lastly, there are some tricks which sometimes present the gambler with an upper hand, when done right. Obviously, casinos realise this
are always on the lookout for people doing stunts like these. Which is why the moment you’re found to be “counting cards”, you’ll be have your winnings seized, and be barred from the Casino .
Because odds are generally stacked in the casino’s court, hence the adage, “The House ALWAYS wins in the end”, casinos are not one bit keen on “unfair” advantages… at least, for players .
Casinos are in the gaming business, therefore these people adopt many measure to stay on top of their game when it’s about security and guarding their interests (i.e., advantages). So be advised that cleverly located CCTV cameras ARE keeping an eye on you, as well as the discreet security scouts . Card counting, sleight of hand, accomplices… all these things may cause you a lot of trouble, as soon as you are spotted trying to trick the casino.
But getting back to the main point, poker and roulette can present a lot of risks for the Casino, as a result of a few systems that punters could use to gain the edge against the casino . Because of the randomness of slots, such systems cannot produce such advantages in playing slots, and that’s why slots remains a casino’s primary big earner.
But perhaps, one of the biggest advantages slot machines have (like any gambling game), is that slots can be an insidious compulsion. With slots, most times a player is close to winning even a small payout, and this psychological advantage the House has with slots spurs gamblers to gambling well past a reasobale limit. You’re always thinking, “I ALMOST got it!AH! If only it were one more down!. Come on, one more…. ARGH!!!”.
Casinos have it all worked out, 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. Again, casinos are a, business and it’s about making money, so everything has been meticulously thought out .
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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