What is a Casino?
A casino is a place where people can gamble. It may have a glamorous image, with fountains, towers, pyramids, and replicas of famous landmarks, but there has been less-lurid gambling establishments that were still called casinos. Some are located in hotels, restaurants, or other tourist attractions. Others are standalone buildings with games of chance and other forms of entertainment.
Some casinos are large, with soaring ceilings and a wide array of games for people to play. Others are more intimate, with a small number of gaming tables and slot machines. Almost all have security to prevent cheating and theft.
While some games have an element of skill, the vast majority of casino games are based on luck. Every game has a built in advantage for the casino, sometimes as low as two percent. This advantage is built into the game rules and reflected in the payback percentage on video poker and slot machines. It is also reflected in the payouts on other table games, such as roulette and craps.
Casinos make money because, like any other business, they must cover all their costs and provide a profit to shareholders. This guarantee of a gross profit is referred to as the house edge. This advantage is so consistent that it is not possible for a player to win more than the casino can afford to lose. This is why casinos offer big bettors extravagant inducements, such as free spectacular entertainment, limousines, hotel rooms, reduced-fare transportation and luxurious living quarters.
The post What is a Casino? appeared first on villagesanclemente.org.
Source: This article was originally published on Village San Clemente
About the Agent
Jim Flores is an accomplished real estate professional providing services as both agent and broker for over 13 years. His extensive knowledge of the Southern California real estate & mortgage market has allowed him to provide an outstanding level of client satisfaction to his clientele. As co-founder founder of Sea Sell Realty Jim is committed to personalized service. His goal is to exceed client needs by applying his expertise to all aspects of the real estate industry including sales, property management, consulting, training and real estate technology. For example, Jim’s use of technology benefits his clients by utilizing tools that make transactions client friendly: electronic signing, social media ads, paper less transactions and iPad essentials.
Offering expert Home Buying and Selling Real Estate Services in: San Clemente, The Pier Bowl, Laguna Niguel, Dana Point.
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