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Learn Blackjack Card Counting and Beat the Dealer!
Learn Blackjack Card Counting and Beat the Dealer!
Blackjack is one of the few games where you can get an edge over the casino.
This is something you can learn and profit from quickly and easily.
Before you learn to card count however, you need...
Poker Hand Rankings
Poker hand rankings are one of the most important aspects of any poker game. When playing online poker, especially fast online poker games such as Texas Holdem Poker, you need to be able to quickly discern which cards are needed to create a better...
What you need to know about - native americans and gambling
The term ‘Gambling’ is synonymous to ‘Gaming’. Gaming or Gambling is deeply rooted in the life of Native Americans. If we probe into the history of life of Native Americans and gambling, we find that the kind of gambling that used to be there was...
Where Can I Buy Classic Arcade Games Machines?
If you miss some of your favorite classic arcade games, don’t worry. You may be able to still find one. First, however, you should be patient in doing research. It can be quite hard to find one and patience will be needed. Your first option would be...
Women Gambling 101
There is a fundamental difference in the outlook of men and women about gambling. Surprised!! Well it is true. Gambling is an activity a woman can enjoy the most once she is financially and personally independent and this comes as news to both the...
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Casino income 101
Casinos never existed in ancient days. The bourgeois class used to gamble in each other's house or on street while the upper section or wealthy gaming aficionados got separate houses and rooms built to play. However with the advent of new games of chance, their soaring popularity and the handsome revenue incurred via them, well furnished big buildings were made specifically for enjoying the games. These hubs came to be known as 'casinos'. With the progress of time, the quality of games, infrastructure and amount of people swarming the casinos have definitely improved.
But have you ever pondered over the fact that the casinos that have created millionaires make their money? How do the casinos run? What is their source of earning? In this article you will explore different money making strategies of casinos
* Casinos primarily run on the money they acquire through the different games played therein. The money that is paid to the winner is from the collection made by all the players playing that very game. Basically the casinos pay the winners less than the true odds. For instance suppose that there are 40 slots on a roulette machine i.e. 40 people can play together but only one person will be crowned the winner. Now while the actual odds in this case should be 39-1, in order to earn keep its margin, the casino makes it 36 or 35-1. If every player loses the game, its bonanza for the casino.
* Sports betting also enable the casinos to earn good profits. This is because in this betting the gambler has to pay an extra charge over the wager amount. For example if the original wager is for
$150, he will be paying $160 or $170, $10 or $20 being the extra charge. Now the winner will receive the amount of his original bet, his charge and $150 as the winning money. But casinos collect the sum of all the losers. This constitutes the money of actual bet clubbed with the charge.
* Slot machines bring in hefty profits to casinos. Firstly these machines save the cost of a dealer. Secondly people are quite obsessed with the slot machines; as a result they keep on playing thinking that they too will win the game of chance. But they are sadly mistaken. The reason being the slot machine's computer programmed by the casino operators. However, the slot machines can be really beneficial for the player too. Though the computer is tuned yet the odds are kept significantly high in favor of the player. Moreover, the machines are encoded before coming on the floor so there are no chances of deceit.
* The basic principle behind casino's rich income is the setting of odds. The casino odds are inauthentic for authentic ones would entail minute and even no profit at all. But the odds are not set at random. The casinos determine the odds as a ratio to the average loss to the initial bet. This is an approximate measure of the income that casino will incur out of each game. The casino odds are known as house edge. The house edge value is high for games that are played the least and require less skill. Games that are skillfully played have a lower edge.
About the Author
Mansi gupta writes about. casino income Learn more at http://www.casinobiznotes.com
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