Most casino games are game of chance where both casinos and players have equal chance of winning. But, the fact shows that the casinos are the winner in the long runs. Most players will lose their money back to casino no matter how much he/she wins previously. What actually make the players lose their money to casinos in the long runs? Here are the 3 key factors that cause most players lose the ir money at the end: house edge, maximum limit and psychology factor. https://www.broadstone.net/
The House Edge
Like other business, casinos need to ensure they make sufficient profit from their gambling business. That’s why casinos need to have slightly better winning edge compare to players. The mathematical advantage of casino against its players is known as “the house edge”. Casinos place the house edge on each type of games, for example in European Roulette game: it adds a “0” on the wheel making the betting on Big/Small, Odd/Even and Black/Red have a house edge of 2.78%, which means in the long run, the casino will win the 2.78% of the money bet on Big/Small, Odd/Even and Black/Red in Roulette game. If you play on game which has house edge of 5.56% versus 2.78%, meaning that you will lose your money twice as fast as in the second one. Now you know why you lose the money faster in certain games than others?
In any casino games, it is very common to have runs of 5, 6 or even 15 consecutive outcomes of black or red, high or low, even or odd; but it does not happen in any casino in the earth to have 50 consecutive equal outcomes. This means that if the casino did not place a maximum betting limit and the player has sufficient money to double his/her betting every time he/she lose, the player will wins back his/her money plus one chip. That’s why the casino protects itself from rich players who play with this strategy by introducing maximum limit on all casino games. If the player keeps double up the betting, he/she will lose money if the outcomes continue turn up to the opposite results and finally hit the maximum limit.
Do you notice that most players who win money want to win more; they will continue to stay at table until they lose all their money. The same situation happen on the players who lose money, they will try to cover the money lost by betting more until they lose all money they have in hand. This is the psychology factor that makes the casinos continue to be the winner at long run. The casino won’t fear even you win big money because they know they will get back your winnings plus your money in the long run.
There are many betting strategies that published on various e-books that teach the player how to win money from casino. Theoretically the strategies will work if the player smartly implements the strategies. But the fact shows that most players will turn greedy when they win and forget about their strategies; what they want is continue win and win big. That’s why they forget about the strategies, and bet based on their greedy behavior. This is how most players lose money to casino in the long runs.
Players lose their money to casinos due to the 3 key factors: house edge, maximum limit and psychology factor. The “house edge” and “maximum limit” are preset by casinos to protect their advantage and you can’t change them. But, if you want to make some winnings from casinos, then you need to work on “psychology factor” by staying with your betting strategies and controlling your greedy behavior.