The secret to gambling is understanding how a casino works before you’ve bought into all of the flash. Casinos are run by smart, sophisticated, successful entrepreneurs. And these people did not get where they are by giving away money. Your strongest course of action is to be knowledgeable of how casino
work so you can be the master of your experience.
If you come at them thinking that you are the king and that they’ve never seen anyone like you before then you are kidding yourself. They know exactly everything about you, income, who you are, what you like and dislike, if you are married or divorced. Are they the CIA of FBI then? Is there a secret cabal, a conspiracy between the state and these casino people?
No, they are always analyzing tons of data on gamblers so as to develop profiles of those who are likely to blow their cold hard cash on the games the casino offers. Nothing is overlooked regarding their intelligence efforts. Absolutely every possible element within the casino, wallpaper design, carpet color and thickness, scent, level of music volume, dress of the staff is there to pull you in and keep you spending your money as long as possible. Sight, sound, taste, touch and smell are orchestrated to one end; keep you feeling good so you will continue to spend money.
A casino has an unbreakable rule which is that “The house always wins.” There are several games designed to allow smart players to win occasionally, but casinos are in business like all other businesses and that is to make a profit, to make money for the owners (remember them? the smart, successful entrepreneurs?).
So how do they make their money? Basically in three ways which are common to all casinos:
1)They charge a commission on certain games like sports betting. 2) In a number of their games, they don’t pay out the true odds. They take a little cut of the winnings. So for example in a game like roulette you bet on a 37-1 turn for the right number and if you guess right your winnings are only 35-1. Now it might not seem like much to you, but over a single night with hundreds of people betting and some winning the casino’s winnings mount up fast. And 3) Every casino has a natural house edge. An advantage that can be worked out mathematically (and believe it people, there are literally hundreds of books and papers that have been written on that very subject, some of them have been written by university students scripting their doctoral thesis for mathematics). So if you want more than a night’s fun at the casino, if you want to win… then learn and become smart.