On the subject of gambling, one thing’s for sure and that is, no one should leave it by chance. Because at the end of the day, the House Always Wins! Bear in mind that casino like pkvgames is a form of business and not a charity that gives money away. And similar to all other businesses, its model is prepared in a way that it will generate profit, not lose money.
So much so that there are plenty of benefits instilled in a casino that it increases its edge towards players. Few of the benefits are discussed below:
- House Edge or a representation of the average gross profit of what the casino is expecting on a certain game.
- The longer a person plays, the higher the stakes of losing in the casino.
- There’s varying house edge for every casino game on the floor with Keno being the highest and Blackjack having the lowest probability.
What’s House Edge?
Regardless of the game that you chose to play, the probabilities of the casino site or establishment to win your money is always greater than the odds of players beating the casino. This is mainly because of the reason that casino games are made in a way that it will generate an edge for the casino and thus, slims out the chance of players to win.
To give you an example, in the game of Roulette, biggest payout for a single bet is 36 to 1. On the other hand, roulette wheels besides having 36 numbers have “0” and at times, “00” too. This pushes the actual odds of the game to become 37 or 38 to 1 and not what the casino want you to believe of “36 to 1”.
Extra House Edge
While the “house edge” seems to be over the top, let me tell you that there’s also this “Extra House Edge” that pushes the casino’s boundary. What this means is, the longer a person plays, the higher the odds of play will be equal with house edge. On short-term games, it may be that the player beats the casino but in the long run, the house will recover and beat players.
With this thing in mind, casinos are doing everything they can to keep people playing on their floor. Casinos are notorious for having no windows and clocks. It is not because they can’t afford it but because it’s a strategic move to keep players on their floor and play.