Whether you are in the bright lights of Monte Carlo or Vegas or you are simply chilling at home in your favorite pajamas, you may have noticed that casinos are ritzy and well-presented affairs. They can afford to pay out potentially thousands of pounds to their winners all while keeping the smiles in place. Land casinos also frequently offer comped deals on hotel rooms or meals and free drinks to their gamblers. While the online casinos don’t have this problem, they do have to run their own costs. So, how do casinos make their money? Let’s dive into this!
The house edge is something that both the physical and virtual casinos take advantage of to help them make their money. The edge is the statistical likelihood that the house (the casino) is going to win instead of you. It is often expressed in a percentage known as the RTP, the Return to Player.
Let’s picture a slot game which advertises an RTP of 96%. If a player then spends $100 on this slot game, the average amount they will get back is $96, resulting in a $4 loss. These losses are often what fund the casinos.
That is why people who go to casinos with the view to win will frequently head for the table games as they have higher RTPs which give a player more of a chance of turning things in their favour. A game of blackjack might have an RTP of 99.5% which means that you have more of a chance of turning things to your favour.
If you are truly looking to make money, poker is your best bet. You aren’t playing against the house with poker but against other players. This means that your skill determines whether or not you will win or lose. Depending on the prestige of the table, you may have to pay a hefty buy-in fee to be able to play, but any winnings you leave with will be yours.
Let’s first take a look at a technique the virtual casinos use to keep the money rolling in. This is particularly obvious and prevalent in the American casinos in Las Vegas. No matter what time you step onto the casino floor, everything will always look the same. There are no windows and no clocks so you cannot track the passage of time. Therefore, you could very easily waste a few hours in there without even realising.
If you do land a win, there is no way that you can slink over to the cash desk to claim it. A siren or alarm is likely to go off along with bright flashing lights and maybe even some confetti if it is a mega-jackpot win. The staff will all want to make a fuss of you and your money is likely to be counted out and handed over with great ceremony; especially if there is already a lot of people out on the floor. The message is clear – “This person just won so you can win too!”
Then we come to the design of the games themselves. Casino slot play is designed to draw you in and make you want to keep playing. Due to the presence of the random number generator keeping things fair, casino games cannot be “fixed”. However, they are designed to keep you hitting that spin button. It could be as simple as putting several bonus features in the game, with the one you play randomly determined by the game. If you keep getting the same one, you might feel that you want to keep playing until you see everything the game has to offer like on mr.bet/new.
Likewise, to enter the bonus features you usually have to land 3 scatter symbols. A common feature of slots is to spin the final reel for a few seconds more if you manage to land 2 scatters. This builds up the tension and will leave you either euphoric as you land the last scatter or disappointed as it slips through your fingers. Take the latter scenario several times in a row and you may find yourself chasing down the bonus and losing money without realising. Always be aware of how much you are spending. Making a budget and sticking to it is a great way to ensure that you are not losing too much in a single session.
Make the Big Wins Hard
Landing a jackpot win is no easy feat. When it comes to the slots, you generally have to play a progressive mega-jackpot to get the chance to grab a big win. You will not just have to access a bonus round, you may have to land a very specific combination to win the jackpot. For example, in Mega Moolah, you have to spin the jackpot wheel to see if you can land one segment in a 20-segment wheel to walk away with the mega jackpot. A 1/20 chance to win may not seem like the best of chances but it is there. Such a game offers such a brilliant chance to win that many players don’t mind betting maybe any more than $10 if it means they have the opportunity to win. Especially using a platform like allcasinoscanada.com
Casinos can also make money by offering a variety of different gambling opportunities to their clientele. For example, the online casino stakers don’t just offer table games and slots, they also offer many sports betting opportunities. This will ultimately give them a much wider pool of people to appeal to. Someone might be searching for the perfect place to lay down some bets on an upcoming football match only to have a slot catch their eye and they stay to play for a while. Stakers allow you to bet on numerous sports so there’s something for everyone: from ice hockey to netball.
If a casino does not have a theme worth playing for or a wide enough appeal to encourage a general audience, it is probably going to struggle. Casinos know how to appeal to their audience. Be smart and don’t fall for their tricks, you don’t want to just hand your money over to them.