If you want to know the truth about a Casino, read this. Many casinos use the “house edge” as a motivation to keep players interested and spending more money. Comps are free items that the casino provides to encourage and reward customers who spend more money. The 1970s saw Las Vegas casinos offering cheap buffets and free show tickets to attract visitors to their casinos. These perks helped boost the number of people visiting the Las Vegas strip, thus increasing the gambling revenue.
The house edge is a mathematical expectation of the casino’s probability of winning a particular game. This tells how much the casino can afford to pay to patrons. Because every game has a mathematical expectation of winning, casinos rarely lose money on a game. As a result, casinos regularly give away extravagant inducements to big bettors. This includes free cigarettes and free drinks. It’s a good idea to bet only money you can afford.
The casinos use technology to monitor the players and their winnings. Video cameras and computers are routinely used to watch the games. Moreover, “chip tracking” involves using betting chips with microcircuitry built into them, so the casino can closely monitor every player’s wagers minute by minute. Aside from this, casinos routinely offer extravagant inducements to high-rollers. Some even offer free cigarettes and drinks. This type of advertising is also more effective than other forms of advertising.