How Do Casinos Make Money
It seems pretty obvious that casinos make money. I mean how else would they build the fancy hotels and spend so much money luring the player into their pits. There are some of you out there though who look at this and still don’t understand how it is done, so this article focuses on how casinos make their money.
Casinos make money on their games because of the mathematics behind the games. The house has a well-calculated advantage on each and every bet wagered. If they didn’t have this edge working in their favor, we’d all have to find a different form of adult entertainment because casinos wouldn’t exist. With these percentages working in their favor, a casino is always guaranteed to win in the long run.
No one better described this than the fictional casino boss, Gronevelt, in Mario Puzo’s famous novel, Fools Die, when he pragmatically stated: “Percentages never lie. We built all these hotels on percentages. We stay rich on the percentage. You can lose faith in everything, religion and God, women and love, good and evil, war and peace. You name it. But the percentage will always stand fast.”