We've all heard the phrase “the casino always wins”, but why is that so? I understand that the games are set up in such a way that the establishment gets its share of profits, but what makes it happen? Is it all just about RTP or are there some other mechanisms that work in the casino's favor? Are there games in which the player has a mathematical advantage, or in the long run the casino is still in the plus? Very interested to hear your opinions!
The fact is that casinos don't make money from cheating players, but from a built-in mathematical advantage called the house edge. This is the difference between the real odds of winning and the payout odds. For example, if the real chance of a certain combination is 1 in 10, but the payout is 9 to 1, the difference is the casino's profit. This principle works in all games - from roulette to slots. By the way, if you're interested in going deeper into the topic, I recommend reading this article https://www.back2gaming.com/gaming/what-is-house-edge-and-rtp/ - it explains in detail how house edge affects the odds. The RTP you mentioned is also important, because it shows how much percent of all bets are theoretically returned to players. For example, if a game has an RTP of 95%, then over the long haul 5% of all bets stay with the casino. Of course, you can win in the short term, but if you play for a long time, the mathematical advantage of the casino will inevitably make itself felt. That's why the casino is always on the plus side!
Well, I think it's simple here - a casino operates as a business, and if it didn't have a profit, it would just close down. Of course, house edge plays a key role, but there are also other factors - for example, the discipline of players. A lot of people don't know how to stop in time and keep playing even when they are on the plus side, eventually losing it all back. I think this is also the secret of casino success. Although, on the other hand, there are players who win big, so there is still a chance!
