Interestingly, casino and lottery owners are in the business of making money just as gamblers. They don't dish out their money to the players without considering their huge expenses on their side to pay their staff, paying government taxes and reinvesting in their businesses. Therefore, they have designed some business model to enable them to create profitability.
The strategy they majorly use to accumulate huge cash is through the odds and the house advantage tactic. Casinos, lotteries, jackpots and online slots have been equipped with a given small house advantage to generate massive profits to these gambling companies. Remarkably, they offer colossal bonuses for online casino which are meant to entice the players into gambling. It would be delusional to think that these are charity organizations that have been put up to offer free money to their affiliates.
All the games are stack with odds premeditated to make the house win. In light of this, all odds are formulated to win players money for the casino but not the vice versa. The payout granted to the winning players, however, adds some advantage to the casino since it attracts other new players into the game. Players invite their friends to these games which help to increase the percentage of odds in favor of the house.
How Game Players Gradually Lose in the Game
Online gamblers have never realized how the casinos work. They still believe that the game is designed in such a way that they will gamble for the first few hours and their odds will soon match those of the house edge. As they gradually lose few dollars within hours into the game, the house collects hundreds of these dollars. For instance, when a player may be losing $15 for three games for an hour, the house is collecting approximately $500 from a number of such players. In the long run, let's say if, in one yearís time, five winners will acquire $1million, while the casino will have earned billions of dollars on its side.
House Advantage Secret
While the players spend longer in the game, they increase their chances of winning. Those who expend long hours have the advantage of having their odds match with the odd of the house. While dealing with this gambler's advantage, casinos have engaged a tactic
of bringing their players down to defeat. Both machine stationed gambling dens and the online ones operate the same, as they use similar profitability methods.
Additionally, this is another formula to keep the players longer in the game. With this technique, the players spend more money on the game, in their trial to win; they give more to the casino than they take away from them. It is no wonder that most casinos don't have windows and wall clocks to make the players become unconscious of time. For the new players, they are welcomed warmly with sumptuous drinks. Unfortunately, this never adds value to their luck in the bet.
Facts That Players Fail To Admit
- One's minimal winnings fail to counterbalance the losses one incurs. This is blatantly delusional. The meager winnings only serve to tempt the player to continue playing, whereas, in the actual sense, the house edge is taking the lead.
- Casino game winnings are entirely random occurrences. It is imprudent to capitalize your investments on these games since they are unpredictable.
- Casinos are entirely designed to capture the mind of the player so that they can invest their money with them. The next moment you need to pay attention to the services they offer to you. Everything is designed in your favor, unlike the money factor advantage. They want to entice you with awesome theme color, music and customer service that will cause you to release your money for the game. They have well set interior design and lightings which are meant to confuse the gamblers in the sense of time.
Researchers have it that the more times that players win, the less the money they are likely to collect. Why? It is believed that numerous wins give back small returns. Consequently, to gain these winnings, you must play many times which will subject you to suffer constant losses. Evidently, these constant losses are likely to surpass the wins. Numerous meager wins tend to entice many casino players causing them to miscalculate the uncertainty of risk-taking; eventually filling them with a profound sense of success.
If the casino games are stealing money to the gamblers, then, we would not be having this discussion. In some incidences, few players luckily make it in winning huge payouts. However, no matter how many people win, the house always remains on top. The players give to the casino more money than they take out of it.
Ironically, some people feel that gambling is stealing from people whereas, in nations like Japan, Gambling is legalized. Great business persons have made fortunes through this business, and they always find ways to gamble. It is unbelievable how players have bought in online gambling and spread their time and resources on casinos. Surely, individual preferences vary and that's why we are all different.
The casinos have to use a mechanism for them to stay alive. They have to achieve their goal to taking the gambler's money for them to stay in the market. They highly depend on the players for their sustainability; therefore, they must keep their minds engaged with perceived excitement. In a nutshell, the house will always win, which is a method of building its profitability.