Does the Casino always win???

    3,916
    views
    7
    replies
    Last post ago almost 8 years by mondobiz
    Avatar 31779
    • Started by
      Mighty! Member
      3046
    • last active 4 months ago
    Headline back 23

    Readers of this topic also read:

    Please or register to post or comment.
      • Avatar 31779
        • Started by
          Mighty! Member
          3046
        • last active 4 months ago
        "The casino always wins..."  I hear that same statement so often.
              I was doing some reading and came across this bit of info...
          Does the casino always win??
                    " No it doesn't. On any given night, there are plenty of people who are ahead of the game at any given time. There are also plenty of people who are ahead when their day or evening of gambling is over. In fact, I once read a statistic, based on a survey of people at the airport in Las Vegas, that approximately 10 percent of the folks leaving were ahead for their trip. If there were never any winners, the casinos would go out of business. Who would ever play if hand after hand, roll after roll, spin after spin, time after time you lost? No one. In the long run, the casino will beat almost every player owing to Three variables: the casino edge on almost all games (THATS THE BIG ONE), the casino bankroll that can weather hot streaks by the players, and the poor play of many players. But the casino does not always win."
         

        I think it's true that the casino does win overall , due to the varibles listed in the above paragraph,  but the casino does  pays out money every day to people like you and me.    Any thoughts gang??             
                                                                All in Fun: PMM2008
      • Avatar 7881
        • Replied by
          Super Hero
          1492
        • last active 5 months ago
        Overall, it wins.  Someone will win $1000, but three people will loose $1000 each.  Also, the "math" of gambling is if you play long enough, you'll loose.
      • Avatar 10718
        • Replied by
          Super Hero
          2134
        • last active 8 months ago
        Hmmm...PMM weren't you the one collecting cans so you could gamble?? 
      • Putting on lipstick emoticon 1
        • Replied by
          admin
          12453
        • last active 2 hrs ago
        I think the casinos make out just dandy. I know when i get a free dinner or a hotel nite free, i often think...this really isn't free. For what i have spent in the long hall...i have paid for every guest on my floor in that hotel and every person in the restaurant eating that steak!!

        Casino's and internet casino's are a HUGE industry make money hand over fist.

        Lipstick

      • Index
        • Replied by
          Sr. Member
          327
        • last active 8 months ago
        Its the old economics rule -NSTAAFL - "No Such Thing As A Free Lunch"

        When my mom would leave the casino on a losing streak, she'd say "that was an expensive cup of coffee" cause thats all she would leave with...LOL

        Yep, when i lived in Palm Springs area I received my share of comp meals and free gifts but all in all they cost me more than I would ever spend on those things.
      • No avatar a78
        • Replied by
        • guest
        • offline
        In the long run we all know that the casino wins, but they do not win all the time, believe it or not the casinos want winners, of course not many though, because someone who loses at a casino may tell 2 or 3 people but someone who wins is gonna tell 2 or 3 hundred which is in the best interest of the casino to get more people in the door thats why most have the winners wall with all the pictures of winners to give EVERYONE the feeling they can win there.

        Tony
      • Avatar 5887
        • Replied by
          Sr. Member
          295
        • last active 8 months ago
        i heard a good quote tday, it was on 60minutes, it was about some casino dude looking like liberatche, he built the bellagio and other hotells. he said "the only way to win in a casino is to own one, or have *** luck* i think that sums up a bit. i have never heard of a casino going down cause of losses. at the end of the day, the casino sits with the most of money, and a lucky few with some big wins.

      lcb activities in the last 24 hours

      • 29
        new members
      • 702
        members online
      • 13170
        guests online
      • 131
        new posts
      • 9723
        free games played
      Join the club

      Most viewed forum topics

      • Key111
        You've made a deposit and gone straight away to one of your favorite games. Sadly, your bankroll has dwindled down to a zero balance.  There is nothing left to do but close the virtual  window on another Jackpot dream...
        Penny for your thoughts...
      • Avatar 6303
        Hello,  I have waiting 4 weeks for a 600.00 payout i requested and it was declined for unknown reasons.I have had no problems till now and i really need this winnings.My car died and has been fixed but im short...
        Raging bull no pay
      • Index
        Treasure Mile - Exclusive $64 no deposit bonus Amount: $64 free bonus How to claim the bonus: New players need to sign up through our LINK and enter the bonus code SPIN16TM. Existing players need to use a bonus...
        Treasure Mile and sister brands Spin16 no deposit

      Join today and start earning rewards

      You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
      S logo
      Select Language
      Search
      Search Results

      Report to moderator

      Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

      Please note that your email address will be revealed to the moderators if you use this

      Submit
      39012170