Tag: sports

Casinos have an edge and they make money, FACT.Players bet on Roulette and the game has a built in edge in the casinos favour.The player wins or loses on individual bets, but the casino is looking at the odds over the long run.It is somewhat like the way the insurance companies calculate insurance premiums, they lose sometimes, but they have an edge in their favour where premiums collected are more than their payouts...

Like any enterprise, casinos concentrate on profit.However, their undertakings are varied and diverse than any organization.The many activities when a casino indulges include gambling, restaurants, hotels.Gambling alone is fairly complex comprising of varied cards, machines and table games.The conversion of money to chips, given the large inflow of cash and the risk of thefts, can be an art alone...