Uncut Gem: Behind the Scenes of the Gambling Industry

How Things Run

The first casinos started out in Europe in the 1600s and have now grown to be one of the biggest industries. We’re going to give a closer look at how casinos operate and what things are going on behind the scenes.

For example, you’ll learn more about:

The importance of RTP and house edge
How casinos get players through the door
Why casino are designed a certain way
Other insider information

Online Casinos vs Traditional Casinos

For much of the casino’s history, they were physical locations which you had to visit. It was a place to gather, drink, gossip and have fun. Then, in the ’90s, a new phenomenon began to take hold. We started to see the rise of online casinos.

Fundamentally, the two kinds of casinos offer the same types of games but differ in their overall experience. Online casinos rely considerably on bonuses and promotions to get players to sign up, something you often won’t find at their physical counterparts. There are some online casinos without registration that let you try games for free without even joining.

RTP, Payouts and House Edge

If you’re new to the gambling world, you might not realise the importance of RTP or the fact that different games can have varying odds. RTP, which stands for return to player, is a key number to keep in mind.

RTP is expressed as a percentage and indicates how much of your money you can expect to win back in the long term. Popular casino games all have different values; the average for slots is around 96%. Blackjack, on the other hand, has an RTP of over 99%. Three percentage points may not seem like a lot, but it can have an impact in the long run.

House edge, however, looks at the advantage the casino has. You could consider this the flip side of the RTP. There’s a saying that “the house always wins” because no matter what, the advantage is always with the casino.

Casinos are a Business

 

Casinos are, first and foremost, a business; their goal is to make money off you and every other player. It’s interesting to see the different setups and strategies casinos use. Sometimes you won’t even realise what’s going on.

How do casinos encourage you to gamble more?

For example, did you know music can influence gaming behaviour? It’s true! Studies have been done on this and showed that low-tempo music could cause people to gamble persistently. Casinos, of course, take full advantage of it.

Bars and restaurants are common establishments at casinos. Restaurants allow you to eat right there, so you don’t have to leave. It ultimately leads you to spend more time in the casino and is also a source of revenue itself. After a satisfying meal, you’re likely to go back to the games again.

Even the interior design and look can affect your mood. For example, the colours and lights can put you to ease, or they can create excitement. The general absence of clocks makes you less likely to know how much time has gone by.

Security and Preventing Fraud

Casinos go to great lengths to create a safe environment and also catch anyone who might be cheating or engaging in other illegal activities. Cameras are found on the ceiling, often referred to as the “eye in the sky”.

Security walks around to make sure players aren’t trying to cheat in some way. Fraud can take place by several methods, from forged IDs to counterfeit chips. Ultimately the casino has to stay one step ahead and on top of things at all times. Large casinos especially will have sophisticated security departments.

Running a Casino Isn’t Easy

You’ve now seen just a few examples of things that go on behind the scenes and how casinos can attempt to influence you. A lot of effort goes into these places, perhaps more so than many other kinds of establishments. Whether it’s online or in-person, the ultimate goal is to have fun and enjoy yourself.

The post Uncut Gem: Behind the Scenes of the Gambling Industry appeared first on TRIPWIRE MAGAZINE.

How Things Run The first casinos started out in Europe in the 1600s and have now grown to be one of the biggest industries. We’re going to give a closer look at how casinos operate and what things are going on behind the scenes. For example, you’ll learn more about: The importance of RTP and
The post Uncut Gem: Behind the Scenes of the Gambling Industry appeared first on TRIPWIRE MAGAZINE.Read MoreTRIPWIRE MAGAZINE

Leave a Reply

Generated by Feedzy
%d bloggers like this: