Why the House Always Wins: An Overview
Today, we take a look at what coming up against the casino will result in. In this article, we look at why the house always wins and how to know when to cut your losses. Gambling in a casino is always an enjoyable experience but in order to win some cash at the end of it, you’re going to want to know how to walk away. Let’s take a look.
Why the house always wins: An Introduction
Next time you enter a casino, lookout for a few things. The way which a casino is set up, it’s almost as if you’re being controlled by the gambling house. This goes from small things like the darkened windows and no clocks to the games and music playing. Moreover, these indirect subliminal messages are all giving you signs and making you fall into the hands of the casino. First of all, it is important to understand what the gambling house wants.
What the casino wants
Ultimately, the casino wants one thing and one thing only. Your money. And what better way to get it than by sending you non-verbal messages to making you spend your hard-earned cash in a casino. Whether it be from the music you hear in the back of the casino or from the red carpet, you can always find one or two tricks a casino may employ to help encourage you to spend your money.
The House Advantage
The next thing which explains why the house always wins is down to the house advantage. In a nutshell, this is the real reason why you’re always going to be up against the odds in a slightly disadvantaged way. If you play heads or tails, your chances of winning are 50/50. However, when it comes to a casino, you will never be up against such odds. Think of a roulette table. If you want to play a 50/50 bet, you’re probably going to bet on either odds or evens or black or red. However, in both cases, you’ve got a green zero as an X factor.
The 0 symbolizes the house advantage as the casino will always be slightly more in the better seat. The house advantage is also found in slots and other casino games. This can be identified in the RTP for slots. If a game has got 96% RTP, the 4% is basically the house advantage and what you’re up against. It’s normal to be up against a house advantage as the casino is the host to all of your gambling endeavors.
The longer you play…
Another trick you’re going to want to look out for is to avoid staying in the casino for too long. After all, the longer you stay, the more likely you are to lose. In the long run, the house always wins. Thus, you’ll need to keep fully aware of when you start your night of gambling and keep an eye on the clock for every win.
It’ll do you well to keep this simple equation in your mind as a sort of motto. The longer you play, the greater the odds are that the casino has. The house edge will vary, depending on which casino and which game you decide to play.
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Why does the house always win?
Whether you decide to play roulette, blackjack, video slots or scratch cards, the odds of you winning will always be greater than the odds of the house winning. The house edge is known as a figure which represents the profit which a casino can reliably expect to make from players. That can even be a low number such as 1% to 2% profit. However, other casinos can make much more profit of up to 15% to 25% just from the house edge alone. If a roulette table has got a 0 and even a 00, the house edge roulette is up to 5.26%. For every $1 million at the specific table, that’s a staggering $50,000. The casino doesn’t want to put a player out from the off. Otherwise, no one would actually gamble. The casino wants to take your money but only in the long run, hence, the house advantage is a very small amount.
Don’t underestimate the house advantage
Although the house advantage is only up to 5%, it still is massively underrated. Most players believe that if they play with $100, they will end up losing only $5 to the house edge. However, the total amount wagered is the figure that will be affected by the house edge. When you place a $5 bet on every spin at a roulette table and that results in 50 spins in an hour, you will win some and lose some. If you stay for the full hour, you’ll have won some and lost some but, ultimately, you’ll have wagered $250. If the house edge works, after four hours, you’ll have lost $50. That’s 5% of $1,000. That amount is 10 times bigger than what you assumed you’d lose to the house advantage from the start of the day.
The Casino Tricks
This goes back to what was discussed at the start of the article. None other than the tricks which the casino employs to make you spend more money. These come in all shapes and forms and, ultimately, just want you to make yourself comfortable in a casino and stay for as long as possible.
Have you ever noticed how casinos have darkened windows and no clocks? Well, that is to make sure that you forget about time and have no idea whether it is night or day inside. The more left in the dark you are, the better for the casino.
Another tactic employed is simply by offering you free drinks. It should come as no surprise that alcohol is a beverage which makes you feel calmer and looser, hence, easier for you to spend your money without any regret. Another problem is that alcohol also makes you lose your sharpness which can back-fire. If you’re not 100% in control of yourself, how are you actually going to win anything?
Casinos also keep ATM machines at the back of the gambling house. This is because, in order to get there, you’re going to have to pass by all those shining bright lights which slot machines can offer.
Know your games
You’d do well to know which games are better for you to play and which are not as profitable. Blackjack is a fan favorite because the house advantage is only 0.5%. Some casinos will have a slightly higher amount, some will have a slightly lower value. Baccarat is another popular choice as the house advantage is typically only 1%.
This is relatively nothing, especially when compared with the house advantage of roulette. When coming up against a roulette table with a 0 and 00, you’re going to be up against 5.26% house edge. Slot machines can also have a high advantage, going up to 17% whilst keno can also have a 25% house advantage. These values are absolutely crazy, and you would be wise to avoid such games at all costs.
The Bottom Line
Thus, if you now know why the house always wins, the choice is up to you. We’ve got a fine list of jackpot slots for you to try out which have got their own house edge they’re up against. If you deem brave enough to play against the video slot, you can do so. These games all have a house advantage but, for what it’s worth, you have also got a good chance of playing and winning an amount far bigger than what you stand to lose. The most important thing which you have to keep in mind is to know when to quit. If you’ve got a few wins recorded, don’t be shy in saying goodbye. As we’d like to remind you once again, the longer you stay, the greater odds you have got of losing, i.e, the house advantage increases.
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