
About online casino houses
Did you ever notice that most times when you walk into any casino, the place is full of rows and rows of slots… and perhaps one roulette table, or maybe just a poker table?
There is a logic behind doing this, although this isn’t due to the casino needing additional lights or sounds, that they populate the halls with slots. The strategic placement in doing so is steeped in 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 a gambling hall’s point of view, those slots are the casino’s bread and butter. Pound for pound (or rather, “coin for coin”?) slot machines produce more revenue than poker, or blackjack.
The majority of people will think that poker and blackjack are more profitable to a casino, but the truth may surprise you.
Let’s skip over the mathematical model of the roulette game (which you can find 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 dives lower yet.
In this article, our intention is to present a couple of primary reasons as to why such scenarios are as they are.
Misconceptions abound as to the way placing a bet really takes place at the table, and feel free to blame all your favourite 007 Spy-flicks, if you think every player is betting thousands (or tens of thousands) per bet. It doesn’t really happen like that. Most casino-goers are not tycoons slapping down chips like shooting skeets.
Bets are most times quite small, because of a possibility of high payouts with even small bets.
In such instances, a mere $25 bet is capable bag you almost $1,000. Because of potential payouts such as these, it’s easily explained why almost all punters make small bets!
Occasionally, there will be a player making bank really big at the table, scooping up a prize like $250,000. No, it it’s not an everyday happening… but when it does happen, it’s a blow to the casino.
Slot machine bets rather contained. Generally thought of as a penny-ante sort of game, most times. But, you can find some high-roller machines both online and off-line, and they can go up to $100.00 a bet .
Chances of big jackpot earnings at slots are not that high, thanks to a very high number of chance and probablity factors that 3 or more reels match up in a payout combination. Because of this, the casino makes higher earnings thanks to slots, as opposed to other games.
The second revenue generating upper hand slots have over their more glamorous counterparts is that, in the latter, casinos are playing against more than one opponent simultaneously; the House’s chances of losing are markedly increased.
These odds that the Casino faces are even composite, because a winning combination can come from any player at the table, although most don’t pull it off. You’ll sometimes find teams working covertly, as if they were casual gamblers who just sat at the table.
In the specific case of blackjack, the dealer can also go over 21, while still having to payout all those players who did better than the dealer. And if the punter played a “double down”, the House would have to pay him twice as much for his King / Ace.
Lastly, crafty players try to use tricks which sometimes present the gambler with an upper hand, when done right. Obviously, casinos realise this|are always on the lookout for people trying to trick them. Which is why the moment you’re caught being clever, you’ll be have your winnings seized, and be barred from the Casino .
Despite the odds being generally poised in the casino’s court, hence the expression, “The House ALWAYS wins in the end”, casinos don’t like “unfair” advantages… at least, for players .
This is the gambling business, and these people ensure they are always ahead of their game when it comes to security and guarding their interests (i.e., advantages). So be advised that cleverly located CCTV cameras ARE watching you, and so are the plain-clothes security teams . Card counting, sleight of hand, accomplices… trying this stuff could result in unpleasant outcomes, if you are identified as playing to gain an advantage over the House.
But getting back to the main point, poker and roulette can present a lot of risks to the Casino, due to a few tricks that players might try to outmanoeuvre the casino . Clearly, such systems cannot produce such advantages against the slot machines, and that’s why the slot machine remains the casino’s auto-pilot big money maker.
But perhaps, 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 at least a little something, and this psychological advantage the House has with slots pushes most folks to keep hanging on to the idea of cracking the jackpot well past a reasobale limit. There’s a voice in the back of your head saying, “OOOH! SOOO close!. Come on, one more…. ARGH!!!”.
Casinos have it all worked out, hence the rows and rows of slot machines, as opposed to just one or two roulette tables. Again, casinos are a, business and it’s about winning as often as they can, and you can “bet” on it that nothing was left to casual planning .
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!
About the Author
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