How to Beat the House Edge at a Casino
The house edge is a significant part of any casino game. It is the advantage that the casino gains over the player if he wins one million dollars, and it can also grind a player into unprofitability if he loses another million. That is why casinos don’t have clocks or windows, so players won’t know what time it is. A welcome gift from management usually includes a free drink. This is a good sign, but it doesn’t mean that players should drink themselves silly. After all, they don’t have better judgment when they’re drunk.
In a typical casino, patrons are allowed to place bets on any game, but only within a certain limit. This way, they can’t win more than they can afford to pay out. In addition, the casino has a high mathematical expectation of winning in each game. In fact, most casinos never lose money on any game. In addition, most casinos regularly offer extravagant inducements to big bettors, such as reduced-fare transportation. Many casinos will also give free cigarettes or drinks to players who spend large amounts of money.
To monitor the games more closely, casinos have installed CCTV cameras. Video surveillance is routinely performed in a casino and computers are used to oversee game play. “ChiP tracking” is a method that involves betting chips with built-in microcircuitry that allows the casino to monitor each wager minute-by-minute. Roulette wheels are also closely monitored, ensuring that the wheel has not experienced any statistical deviations. Various versions of the games can be played without a dealer. All the players need to do is push buttons to place their bets.