"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
Does the Casino always win???
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