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So, if anything can happen, why is it that the casino always wins? The answer is because of the house edge. The house edge is the mathematical advantage that the casinos have over their players.
When using the roulette example above, we explained that the actual chances of winning when betting on a single number are one in either 37 or We also mentioned that the payout is If we bet on the same single number for 37 spins, the mathematical expectation is that our number would come up once and once only.
Now, anything could actually happen in 37 spins, because of the randomness that we mentioned earlier. This is simply because of the laws of probability.
So, over that long term, the mathematical advantage that the casino has due to not paying true odds gives them what is effectively a guaranteed profit.
This is only a very simple explanation to give you some basic insight into how the casinos have an advantage. The unfortunate truth about casino gambling is that the house edge exists in each and every game that casinos that offer.
At the very least, you can reduce the rate at which you lose. Here are two easy to follow tips that will instantly give you better value for money in the casino.
One important thing you should know is that the size of the house edge is not the same in every casino game.
It can vary from very low to very high. There are three games in particular that have very low house edges, and are also very easy to learn. We recommend playing these if you want to make your money last in the casino.
Another important thing to know is that casinos reward their customers. Their primary goal is to have as many people playing at their games and machines as possible, for as long as possible.
The more gaming activity they handle, the bigger their profits will be. They therefore incentivize their customers to play more often, by giving them rewards.
Most venues provide their customers with player cards. Comps can come in the form of free drinks, meals, accommodation, or even extra chips to gamble with.
You really should take advantage of these comps when you can, as they can significantly increase the overall value you get for your money.
One of the major benefits of playing at online casinos is that they are especially generous when it comes to the bonuses and rewards that they issue to their players.
So simply playing online rather than at a land-based value can give you better overall value for money. Casino gambling should be viewed first and foremost as a form of entertainment and a way to have some fun.
This is why you should only ever play with money that you can afford to lose. The single best way to get maximum value in the casino is, in our opinion, to simply learn the optimal way to play each game.
If you make the right decisions each and every time, you can greatly reduce the effect of the house edge. Blackjack and video poker are the best examples of games where your decisions have a big effect on outcomes.
With these, you can minimize the house edge to an almost negligible level if you play the right way. We explain the best strategies for playing these games in the following sections of our website.
Card counting and using betting systems are two casino strategies that you should be aware for very different reasons. Card counting is a strategy that can be used when playing blackjack, and if used correctly it can actually give you a small edge over the casino.
Betting systems are not really a strategy at all, but many players view as them as such. The idea with card counting is to keep track of all the cards that are dealt, so that you can have some idea of which cards are left in the deck.
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