A casino is a public gathering where several chance games are played, and gambling is the prime functioning factor. They provide a variety of luxuries and facilities to attract players, that range from restaurants, free drinks, stage shows, and dramatic scenery. But there are simple places where games are played, with gambling being the prime reason. These vicinities are also called casinos. With the rise in the internet culture, we are also finding sites such as Kingz Asia casino that provide the online version of their traditional forefathers.
Vast amounts of money change hands every year in the casino business. Some big winners come into the limelight sometimes, but the primary winner is always the organizer, the casino. Commercial casinos in the States earned about $31.85 billion in 2005. Consider the fact that the Native American casinos brought a cash flow of about $22.62 billion in 2005 in addition to that, making it true to say that casino industry profits have been steadily increasing for over a decade.
They make money because every game they offer has a built-in statistical advantage for the casino. That edge is lower than two percent, which is a tiny share, but with the course, if time and the millions of bets later that casino patrons place, that edge makes enough money for them to build elaborate hotels, fountains, giant pyramids, towers and replicas of famous landmarks. This advantage of the casinos is known as the “vig” or the rake, depending on the game. The exact figure may vary based on many factors, such as how the player plays the game and whether the casino has set different payouts for video poker or slot machines.
Only two U.S. states do not have legal gambling, Utah and Hawaii, as of 2007. All of the other state either has state-sanctioned casinos or Native American gaming.
A casino gives a free good or service to its “good” players. This is referred to as a comp. A good player who spends a lot of money in the eyes of the casino is a fact that should be kept in mind. Free hotel rooms, dinners, tickets to shows, or even limo service and airline tickets will be received on a regular or interval basis if they spend a lot of money on bets or a lot of time on the slot machines. Comps are entirely based on the time a player spends on a slot machine or the amount he places in the form of bets. You can Ask a casino employee or someone at the information desk about the procedure to get your play rated. You have to notify the dealer at the table you usually play at or sign up for a “slot club” card that automatically tracks your play at slot machines. The casino will be aware of how much you’re playing and betting by that. This can help you to get a comp if you are rated high enough. Placing larger bets than you otherwise would or staying in the casino longer to earn a comp is a sucker bet, as pointed out by casino experts on many occasions. The money you will have to blow away to get a comp for what you want will always be far greater than you would have to pay for if you get it yourself.