Gambling has been around awhile. The practice of casting lots is mentioned 70 times in the Old Testament, so playing a game with an unknown outcome is nothing new. And, like gamblers of the old west, those who know the games best, profit. The funny thing is, people who will spend hours and hours picking out what they think is the best $400 TV will plunk down $500 for casino chips to play a game they know virtually nothing about.
It surprises me how easily some players can be lured into new games. Sometimes I think that a beginners guide to gambling should be mandatory reading before admittance to any casino. Of course I don't really have an issue with a player who has played strictly 7-stud all their life joining my Omaha-Eight game. Yeah, serious double standard.
W. C. Fields said, "Never Give a Sucker an Even Break," and P. T. Barnum liked to say, "There's a sucker born every minute," but casinos don't need suckers to play their games, they just need players that trust them. To gain trust the US gaming industry has become one of the most highly regulated businesses in the country. The casinos don't need to cheat to make a profit.
Playing casino games is entertainment. Yes, the games may be additive, and gambling is at the core, but if you look at it from the casinos' stand-point, it's just business. They put out a slot machine that has an 8 percent hold and they know that some players will win, some will lose, and at the end of the month that little machine will win 8 percent of all the action. If it's a quarter machine that costs $2 a spin and the machine gets played five spins a minute for 10 hours a day, the machine wins $480 a day. That's entertainment at $48 an hour for the player.
Best of luck to you on your next foray into casino land, and remember, you're paying for entertainment, unless you have no idea how the games are played, then you are paying for a very expensive education!
Comments
I believe less than 5% of the people who gamble are actually serious, have studied the game they play at the casino and have countless hours of practice in non-gaming situations. The others simply want to be entertained or want something for nothing, hence the populaity of state lotteries. Casinos would love those odds.
“And, like gamblers of the old west, those who know the games best, profit.”
Many or most games were rigged because there was little to no regulation.
Man, what amazes me, especially here in OK, where Indian Casinos ABOUND….actually all over, is the increase in play and participation by people who SHOULD know that there is really no way to win. There are only so many games that have a positive expectation and slots are not one. But “everyone” plays them. BJ only has a positive expectation IF you can count cards. But WHO truly counts 6 and 8 deck (common) shoes and with 6-5 BJ single decks in Vegas and antes at Indian Casinos, who can overcome those odds, too. Video Poker limited. Basically just poker and as he says above, “bring on all those home poker players”. So why do people keep going to casinos? Is it really entertainment if you KNOW you are going to lose money?
I savor, lead to I found exactly what I was having a look for.
You’ve ended my 4 day long hunt! God Bless you man. Have a nice day. Bye