Most casino games are games of chance where the draw results are simply a probability value among all the possibility. Theoretically, the casino and the players should have the equal chances of winning; but, are you aware that casinos are making most of money from their players and majority of gamblers are losers? What actually make casinos the long term winners and consistently earn the money from their players? The 3 key casino’s winning factors are: house edge, maximum limit and psychology factor.
The House Edge
The key factor that helps casinos make a lot of money is the mathematical formula behind it. The mathematical advantage of casino enjoys over the players is known as “the house edge”. With the house edge advantage, the casinos are able to calculate their expected revenues, the money that the casinos will surely win from their players in long run. The higher the house edge value in any casino games, the more money will go to the casino. For example, the Sic Bo Big / Small have house edge of 2.78% which means in the long run, the casino will win the 2.78% of the money bet on the Big/Small in Sic Bo game. If you play at game with house edge of 5% versus 2.5%, meaning that you will lose twice as fast as in the second game.
The Maximum Limit
In any casino games, it is very common to have runs of 5, 6 or even 10 consecutive outcomes of black or red, high or low, even or uneven; but it does not happen in any casino in the earth to have 50 consecutive equal outcomes. If you bet on red in roulette and the outcomes are black in the consecutive runs, it will turn into red finally. This mean that if you have sufficient fund to double up your betting using the technique called Martingale, you will finally win back all the money you lose plus one chip. Now you see why casinos want to set a maximum limit in all games. This is to ensure the Martingale techniques does not work even you have sufficient fund to double your betting after every loss. If you apply the Martingale technique, you will finally hit the maximum limit of the table and it stops you from double up your betting. The maximum limit is the winning strategy for casinos.
Do you notice that players who win money want to win more? That’s why they do not want to leave the table until they lose all their money. Do you also notice that the players who lose money want to win back their money in the shortest time, if possible within a few draws? That’s why they are increasing their betting size every time they loss until that lose all their money.
Although all gamblers try to become the smart players, they have their own betting strategies trying to win as much money as possible from the casino. In fact, no one want to lose money to the casino, instead, most of the players want to get rich by winning the money from casino.
In actually fact, their betting strategies may get them win initially, but they become greedy and forget about all their betting strategies that may required them to leave the table after specific number of runs; what they do is continue bets without following their strategies anymore. They will regret about their greedy behavior after they lose all their money. This is the psychology factor that makes the casinos the winners in long runs.
Casinos are the winners in the long run as they enjoy advantages in term of house edge and maximum limit set for each game. In addition, the psychology behaviors of the casino’s players have put advantage to the casino to win the money from their players.