All Casinos Are Business Enterprises, And The Primary Goal Of Any Business Group Is To Make a Profit, It Is Essential To Understand That The Only Way Casinos Make a Profit Is When a Player Loses His Money. There Are Bets That Either Has a Very High Casino Advantage Or There’s Another Way You Can Make The Same Bet By Offering The Casino Less Of An Edge, a Smart Gambler Knows Which Kinds Of Bets To Play And What Types Of Bets To Avoid. Let Us Look At Some Of The Standard Casino Bets To Stay Aware Of.
The Live Keno Bet
This Is a Game Which Has Over a 27% House Edge When We Say Live Keno, We Mean Actually Played In a Keno Lounge. It Used To Be Much More Popular Back In The 80s And 90s Than It Is Now, But You Can Still Find It At a Few Casinos. It’s a Prolonged Game Which The Casino Likes To Make Their Money From, So They Have a Very High House Edge, Now This Is Not To Be Confused With Electronic Keno.
If You Go Up To One Of Those Game King Machines, They Have The Regular Keno, The Multi-Card, The Cleopatra And The Caveman Keno That’s All Not As Bad As Live Keno It Only Has About a 10% To 12% House Edge Which Is Still Pretty Bad But Not As Bad As Live Keno.
The Blackjack Insurance Bet
If You’Re Not Familiar With Blackjack, The Insurance Bet Is a Side Bet Where If You Have Your Initial Wager Out, You’Re Playing Your Hand If The Dealer Deals The Cards. Then They Show That There One Up Card Is An Ace They’Ll Ask The Table If They Want Insurance And The Way The Insurance Bet Works Is You Have Your Initial Bet, Say You Were Betting Ten Dollars On The First Hand The
Dealer Has Their Ace Up They Ask The Table If You Want To Take Insurance Which You Shouldn’t Do As You’Ll Have To Put Out Half Of Your Initial Bet. The Dealer Checks Their Cards To See If They Have a Blackjack, If They Don’t Have a Blackjack You Lose Half Of Your Initial Bet. The Reason Insurance Is Terrible Because The Only Way Your Insurance Bet Is Going To Win Is If The Dealer Has a 10 In The Hole And 10s Only Make Up About 1/3 Of a Deck Of Cards, So The Chances Of You Winning That Bet Are Less Than Chances Of You Losing
Conclusion
The Casino Is Not a Place Where You Wander About Aimlessly, And It Is a Place Where Experienced Players Sit Down On a Table And Try To Win From The Casino, Which Rarely Happens. It Is Crucial That You Know About All Kinds Of Bets, Both Advantageous And Disadvantageous Of The Game You Will Be Playing, This Will Help You In Becoming More Professional And Confident In That Particular Game.
What Is a Comp?
Comp Stands For Complementary And Is Defined As The Extra Service In Forms Of Food, Coupons, Alcoholic Beverages Or Entertainment Facilities That The Casino Offers You For Free To Keep You Happy And To Play. These Offers Differ a Lot From Player To Player, Depending On The Game And The Amount Of Money He Bets. For a Regular Slot Player, The Comp Can Be Anything From a Couple Of Dollars, a Coffee Or a Free Parking Ticket. For a Person Who Is Bringing a Lot Of Money In The Casino Can Be Offered a Lot More, They Can Be Airlifted Using The Casino’s Private Jets, Free Limousine Facilities With a Chauffeur, a Butler To Attend To Their Needs Round The Clock, Michelin Class Meals And One Of The Most Expensive Penthouse Suites.
How Are They Determined?
The Critical Thing To Understand About Casino Comps Is That If You Know You’Re Going To Be Gambling Anyway, You Might As Well Be Asked To Get Rated To See What You Can Get Back In The Way Of Comps And Here’s How It Works. When You First Sat Down At a Table And Be Sure To Tell The Dealer That You Want To Be Rated They’Ll Then Probably Call Over Supervisor In That Pit He Will Ask For Your Player’s Club Card To Identify You And Then They Will Track How Long You Play And How Much You Bet To Determine How Much You Should Be Given In Comps. The Supervisor Who Is Also Called The Floor Person Won’t Stand There And Constantly Watch You, Instead, They’Ll Glance Over Every Once In a While To See How Much You’Re Betting And Note It On a Card Or If They Use An Electronic System, They Will Put That Information Into a Computer. One Of The Essential Tricks To Keep In Mind Is That a Player Must Inform The Manager Or Any Other Casino Employee Before He Changes His Table So That His Progress And Betting Amounts Can Be Appropriately Tracked.
Decoding The Comp Formula
Usually, a Casino Will Want You To Play For At Least a Combined Total Of Three Hours, And Virtually All Casinos Use The Same Formula To Calculate Your Comp Value, They Take The Size Of Your Average Bet And Multiply It By The Casino’s Advantage On The Game. You’Re Playing To Come Up With An Expected Loss For Each Time You Play, They Then Multiply That By The Average Decisions For Your Entire Game, And That Result Is Then Multiplied By The Length Of Your Play And Hours The Result Is What The Casino Expects To Win From You During Your Play.
Conclusion
In a Casino, An Important Thing To Keep In Mind About Comp Is That You Don’t Have To Lose To Qualify. The Casino Only Asks That You Put In The Time To Play So You Would Still Be Eligible For The Same Number Of Comps As Any Other Player. Another Thing To Mention About Comps Is That Some Casino Games Such As Blackjack Require Skill And The Casino May Adjust Its Expected Advantage Over You Depending On How Well You Play The Game.