In the world of gambling, there is one inevitable thing you have to accept; that is the fact that the house always wins! Remember, casinos whether they are offline or online like Mega888, they’ll always be a business. Much like other businesses, it has to make money and give owners profits.
Regardless of the type of game, you opted to play, the casino’s odds of winning your money are always better than yours. This is because of the simple reason that casino games are made in a way that’ll give the house an edge.
So to give you an example, in a game of roulette, the biggest payout for just one bet is 36 to 1. On the other hand, roulette wheels, on top of the 36 numbers also have 0 and at times, 00. This brings the real odds of the wheel to 37 or 38 to 1. The house edge means that the odds advantage is in their favor. This also represents the average profit that the casino expects from a certain game.
Players Lose more than what they Thought
There are countless people who are mindful of house edgee and still, don’t fully understand the implications it brings into their bankroll. They believe that the approximate 5 percent house edge is still within a reasonable range to win money after few hours. What they don’t understand though is, the house edge is not applicable to their starting bankroll but, to the total sum of money they bet.
Take a look at this for example. Assuming that someone made a $5 bet on each spin of a roulette wheel, and the wheel is spun 50x per hour. While that person might win and lose some bets, he/she wagered $250 per hour. If the house edge plays just fine, then that player just loses $50 in a 4-hour play or the 5 percent of 1000 dollar bankroll.
Extra House Edge?
Here’s something you need to know in casinos. The more you spent playing, the bigger the odds are going to be that the outcome of your play would match up with the house edge. Simply speaking, a player might be well ahead in the long run. In short play sessions, the player might get ahead of the casino. But in the long run, the house edge will consume the player’s odds and make them unprofitable for every game they play.
Since casinos are aware of this, they do everything they can in keeping people play longer. They do simple tricks such as not having clocks and windows, offering complimentary drinks, and so forth.