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The Games Gamblers Play... for Money
Casino gambling (Shhhh, not so loud.). The first things that come to mind is Las Vegas, slot machines, bright lights and colorful casino chips.
If you are not a gambler, and you do not know a whole lot about casino gaming, then read on.
According to the Wikipedia Online Encyclopedia, a casino is a building that accommodates gambling.
Customers may gamble by playing slot machines or other games of chance. Some games require skill, but the outcomes remain unpredictable, nevertheless.
Casino gambling games usually have mathematically determined odds built in to guarantee the house retains
an advantage over its players. This advantage is called the "edge". "Payout" is the percentage given to winning players.
Some statistically even games may take a commission, or "tax". This becomes a "rake" on bets made by customers against each other.
There are a lot of casino gambling games which can get you hooked in no time. First of all, you have the classic slot machine.
A slot machine is a coin operated casino gambling machine with three or more reels that rotate when a lever on the side of the
machine is pulled. It includes a currency detector that validates the inserted coin. The machine typically pays off based on
patterns of symbols visible on the front of the machine once it stops.
Sadly, casino gambling games often offer the player the illusion of control in which the player is given choices.
However, these choices do not eliminate the players long term disadvantage. This disadvantage is caused by the
casino not paying the full amount that it would be expected for the odds wagered. For example, if one game
was played by betting what number a roll of a die would give, instead of paying 6 times the amount bet for winning,
the casino only pays 5 times the amount bet. The Die has six faces, but only pays for five.
Craps is a famous gambling game using dice. Players wager against the player on the outcome of one roll, or of a series of rolls of two dice.
The rules vary slightly from one venue to another, but the expected value of most bets is only slightly negative.
All side bets have a negative expectation, except for the free odds bet with the expectation of ZERO, that the player is allowed to make after a point is established on a flat bet.
Unlike in Blackjack, there is no possible Craps winning strategy over any given period of time.
Roulette is a signature gambling game. A croupier turns a round roulette wheel which has 37 or 38 separately numbered pockets in which a spinning ball must eventually land.
The main pockets are numbered from 1 to 36 and change color between red and black, with the number 1 being red. In addition there is a gree colored pocket numbered at ZERO.
On most roulette wheels in the United States, but not in Europe, there is a DOUBLE ZERO compartment marked 00, also colored green.
If a player bets on a single number and wins, the payout is 35 to 1. The bet itself is returned, so the total payout is multiplied by 36.
Poker is a very popular card game. The players, with fully or partially concealed cards make wagers into a central pot,
after which the pot is awarded to the remaining player, or players, with the best combination of cards.
Like Poker, Blackjack is also a very popular gambling card game. Much of its popularity is due to the mix of chance with
elements of skill and decision making, and a practice called card counting. It is a skill in which players can turn the odds of the
game in their favor by making betting and strategy decisions based on the cards that have been dealt.
Players suspected of card counting are usually banned and blacklisted. In the state of Nevada, a convicted card counter
becomes a Felon facing a long prison sentence.
Be very wary because gambling games are highly addictive (as they are intended to be). A lot of lives have been ruined by casino gambling and although it might be fun to win now and then,
please do try to regulate yourself. Unlike the state run lottery, these favorite games people play do require some betting skills just to break even.