The fact is that the casino gambling industry generates more annual revenue than movies, spectator sports, cruise ships, theme parks and the music industry combined. Based on recent government statistics, the 443 physical casino establishments in the U.S. take in more than $30 billion dollars in annually.
The numbers are staggering considering that it's just as easy for the player to win in a casino as it is for them to lose.
The experts say, “overcoming a negative expectancy in any game of chance is mathematically impossible.”
They say, “the laws of probability cannot be offset regardless of the playing strategy that is used and that all systems players lose in the long run.”
The casino going public has been conditioned to except these statements as truths as if carved in stone. They're told to think of losing as being the price of entertainment or not to be concerned with winning because it's just not possible. I sometimes think that these gambling “experts” are on the casino's payroll.
Granted, the casino will win more bets than it loses, this is a certainty. But the idea that the negative percentage in all casino games must catch up to the player in the “long run,” is based on an infinite number of decisions. The casino must book all bets and derives their profit percentage over the “long run” of play. But as we all know, gambling sessions are not played over an infinite period of time.
Gambling is done over a period of minutes, hours or sometimes even days. The player's only concern should be with the probability of outcome within a defined and reasonable period of time.
It is the notion that all system players lose that assumes that the system player must follow the system wherever it leads them. System players by nature are more more logical and rational in their approach to gambling than to assume that would be the case.
Everyone knows the advantages the casino has over the player. We know that each game has a built in mathematical edge for each game that is offered. They also have unlimited capital resources to withstand any short term run of misfortune.
Someone that thinks that luck or winning and losing cycles play no role in any game of chance, has never been at a crap table and watched a hot shooter throw 14 consecutive passes.
There are a wide variety games offered in casinos and even more types of wagers that can be made. The shear number of video and slot machines one finds is a testament to the built in profits they generate.... steady as a Rolex. These aren't games for the serious player.
But there are casino games that offer the player a better than even chance of winning and dare I say, with amazing consistency. These are the money games. The four best casino table games are:
• Craps.... the house percentage on “line” bets (pass line & don't pass line) is only 1.41%. With the addition of added “odds” wagers (double odds) reduces the house edge down to .60%.
• Baccarat.... is limited to betting on two choices, the “Bank” hand and the “Player” hand. The house advantage on the Player hand is 1.25% and on the Bank hand it's 1.16%. For a wager that amounts to a coin toss, these percentages can be beaten.
• Blackjack.... playing expert multi-deck, “Basic Strategy” (proper playing strategies for each hand based on the dealers face card) allows the player to play an even game with the house depending only on the composition of the remaining cards in the shoe.
• Roulette.... last but not least, although the house percentage on the 0/00 American style wheel is a fixed 5.26% regardless of the combinations played, the percentage on even-money wagers (red/black, odd/even, high/low) is a very manageable 2.6%.
These four table games have the lowest “house percentage” of any casino game and offer the player some of the very best opportunities to win.
The player has three very distinct advantages with which to overcome these low percentages:
1. The player can choose their bets, limiting their wagers to the ones that have a 2% or less house edge.
2. The player can vary the size of their bets, betting more when winning and less or minimums when losing. This insures that their winning bets will be substantially larger than their losing bets.
3. The player can keep their playing sessions short and choose to quit playing when they are ahead and in the money.
It's important to remember that the gambler is entering into a competition with the casino. Each of them are trying to take money away from the other. Given such low percentages, if the player knows everything there is to know about the game they are playing, they enter the competition on almost even terms.
In knowing the correct playing strategies, sound money management and having adequate resources, the player will enter this competition with a definite edge.
There will inevitably be a time in almost every session of play when you will be in the money. When playing intelligently this will happen more times that not.
It is at these times that the system player will call it quits and head to the cashiers cage to cash in their winnings.
Following these simple steps will make any player a more consistent winner. The casinos might not like you for your “hit & run” playing style, but if your goal is winning money, this is how it's done. The music changes but song remains the same.
As always, thanks for reading our articles! If you're planning on playing casino games online, than you must visit our Online Casino Reviews before choosing a casino to play at. There are way too many "casino review" websites built these days that are nothing more than companies getting rich from online casinos paying them to tell you who is good and who isn't. Don't get burned. Be safe. Play at one of our reputable, trustworthy, and financially secure online casinos!