With the advantage held by the house, the longer and more frequently a player engages in gambling, the more they tend to lose. That's why online betting site create a comfortable atmosphere for players to forget about time and encourage them to play for as long as possible. The casino is most wary of "professional" players who remain calm and composed even when facing losses.
ADVANTAGES OF THE CASINO HOUSE
Let's use the simplest game, the coin toss (also known as "heads or tails"), to explain the significance of the house advantage in a casino.
In this game, the house flips a coin with two sides: heads and tails.
A player places 1 unit on heads. If tails comes up, the house wins the player's 1 unit. If heads comes up, the house pays the player 1 unit. This is a fair game where the house has no advantage.
In other words, the house advantage is the winning rate of the casino when they face no risk.
Suppose one player bets 1 unit on heads, and another player bets 1 unit on tails. Regardless of the outcome, the house takes 1 unit from the loser and pays it to the winner. In this game, when the house faces no risk, the house doesn't win either.
This is a game in which the house has no advantage. The house advantage is 0.
However, nowadays, casinos rarely offer games where the house advantage is 0. Most casino games provide an advantage to the house.
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Let's consider the popular game of Roulette in casinos. This game is well-known and played by almost everyone.
The European Roulette wheel has 37 slots, each representing a number from 0 to 36. Suppose we place 1 unit on any specific number. If we win, we keep our original unit and win an additional 35 units. If the house places 37 units on all 37 numbers, the casino faces no risk and wins 1 unit. Besides betting on a specific number, there are also betting options for groups of 18 numbers (even/odd, high/low, red/black) or groups of 12 numbers. In all cases, the house has an advantage of 1 number.
The house advantage in European Roulette is 1/37 = 2.7%.
This means that an average player, neither lucky nor unlucky, neither skilled nor unskilled, will lose 2.7 units for every 100 units played.
American Roulette has an additional slot for 00, giving the house an advantage of 5.4%.
If we search for the term "House Edge/Advantage of casino games," we will find detailed information about the house advantage in various casino games.
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Because of the existence of the house advantage in these games, the longer and more frequently a player engages, the more they tend to lose. That's why casinos create a comfortable atmosphere, isolating players from the outside world, and encourage them to play for as long as possible.
Casinos are most concerned about "professional" players who are disciplined and know when to stop after a few bets and small wins. However, such players are rare. The majority of casino visitors have the tendency to keep playing due to their desire to win or lose, and as a result, they play more and ultimately end up losing.
LOSING DUE TO PSYCHOLOGICAL FACTORS
Although the outcomes of casino games are random, there are times when players experience continuous winning or losing streaks.
Statistics show that there are very few people who bet more when they are on a winning streak. With the mindset of protecting their winnings, they may bet more but not excessively. However, when they lose,