Have you noticed that usually when you enter any casino, the hall is lined with rows and rows of slots but maybe just one roulette table, or only one poker table?
There are reasons for this, but it certainly isn’t due to the casino needing an extra array of lights or noise, that they fill the place with slots. The strategic placement in their ubication is rooted in a much more practical goal.
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Because it’s fact… casinos and gambling are a big business.
From the casino’s consideration, their slot machines represent the casino’s main earners. Pound for pound (or should we say “coin for coin”?) slots are more profitable than roulette, or blackjack.
A lot of players are convinced that poker and blackjack are more profitable to a casino, but in actuality, they’re not.
Without going into the statistical considerations of the roulette game (readable in Wikipedia, under “Roulette”), but know that the profit margin for an European / French roulette wheel is less than 2.7%, while profit on American roulette margin goes lower still.
Today, the objective is to dissect the fundamental points as to why these matters are like so.
A lot of casino-goers carry several misunderstanding of the modality of betting actually happens at the table, and you can fault all those James Bond movies, if you believe all punters are pitching thousands (or tens of thousands) at every play. It doesn’t really happen like that. The vast majority of people are not tycoons throwing chips like shooting skeets.
Bets are generally rather contained, because of the potentially high payouts with just small bets.
In these cases, as little as a $25 bet might just earn you close to $1,000. Thanks to ratios such as that, it’s no wonder most gamblers generally do conservative bets!
Naturally, you can get the pro hitting it big at the game, netting a jackpot like $250,000. Of course, it doesn’t happen often… and when it does take place, the casino really feels it.
In slots, bets are also most times very unremarkable. Slots are usually a nickel-dime gambling game, in the majority of cases. Although, there are high end slots available, and they can be in the region of $100.00 a pull .
Payouts in slots are aren’t too great, due to an incalculable number of chance and probablity variables that 3 or more reels turn out in a winning combination. As a result, casinos bank better takings with slots than table games.
Another income producing advantage slots boast over other table games is that, with Roulette, the House is competing against multiple opponents at the same time; its likelihood of not winning are higher.
These odds stacked against the House could furthermore be composite, given that a winning hand could come from more than one player sitting there, even though some will lose. To facilitate this, there are sometimes people working to cheat the House, under the guise of being casual punters who don’t know each other.
With blackjack, the House can also end up staying on a low hand, but required to payout however many players who didn’t bust. And if the gambler went for a “double down”, it can cost the casino twice as much on a 21.
Thirdly, there are some systems and methods that can work in favour of players, when they work. And casinos are aware of this;are always on the lookout for people trying to trick them. That’s why if you’re found to be attempting crafty stuff, you’ll be ushered out unglamorously by the men in black .
Because odds are heavily stacked in the casino’s favour, hence the adage, “The House ALWAYS wins in the end”, casinos certainly don’t stand for “unfair” advantages… at least, for gamblers .
There’s a lot of money in the gaming industry, therefore they are very much on top of their game when the issue is their security and guarding their interests (i.e., advantages). A full network of strategically placed closed-circuit cameras ARE monitoring you, as well as the discreet security crew . Card counting, sleight of hand, accomplices… attempting to deceive the casino like this may cause you a lot of trouble, as soon as you are spotted trying to ool the casino.
No doubt, table games and blackjack carry substantial risk for the House, as a result of the systems that casino-goers could use to beat the House . That said, there are no tricks to create any effect in playing slots, so for these reasons the one-arm bandit remains a casino’s primary big income generator.
Possibly, one of the biggest advantages slot machines presents (like any gambling game), is that slots is an insidious compulsion. With slots, most times a player is close to cashing in at least a little something, and this “almost won” with slot machines keeps a lot of people gambling beyond any a sensible limit. You’re always thinking, “One more, just one more… Come on, one more…. ARGH!!!”.
Casinos know this, and that’s why their halls are lined with slot machines, instead of the roulette tables. It’s a, business where the game is NOT roulette – it’s turning profits, so everything has been meticulously thought out .
Although it can be fun to blow a little money on casinos and slots every now and then (who doesn’t like the idea of winning a fat jackpot?), always excercise your own common sense, and never bet money you can’t afford to lose!