If you have seen casino movies or gone to a casino yourself, you would have seen that there is a lot of free stuff going around. You can see people getting drinks, food and occasionally even gambling opportunities for free. This might seem like an excellent deal to newcomers but beware: for it is not.
Like Facebook, Twitter, YouTube, Google, and everything else presumably ‘free’, the free drinks at casinos are not exactly free. To understand this, we need to know how the casino makes money and how much.
The House Edge
When you play a game at a casino, for example, poker, there will be a percentage attached to it. For example, 98% would be the RTP or return-to-player percentage. This means that 2% of your earnings will go to the casino. This 2% is known as the house edge or house advantage. The house edge varies from game to game and from one casino to the other. For example, the house edge on baccarat maybe 1.2% in one casino, while it can be 2% in the casino right next to it.
The house edge might also vary with the variant of the game that you are playing. The most common example of this can be seen in the case of blackjack. There are two main variants of blackjack with two different odds: 3:2 blackjack and 6:5 blackjack. Sometimes the same casino might put these two side-by-side. The 3:2 odds are much more in favour of the player than the 6:5 odds, but more often than not, people tend to look over these factors so that they can have a good time.
This is where the casino gets you. By playing games tipped more in favour of the casino, you will eventually lose a lot of money than you initially intended, all of which goes into the casino’s counter. However, this gets worse.
Eventually, the Casino Wins
Unless you win a considerable sum, like in the thousands, there is hardly any chance you can win over the casino and get back all the money you put into the game. This is because all the games in the casino are designed so that you cannot win all the time. If you cannot win all the time, you are essentially giving away your money to the casino. Now, this is not exactly a bad thing because some amount of money is always involved when it comes to the entertainment industry.
So, when you are getting a free drink at the casino, remember that it is not free but paid for by the other players at the casino. Essentially, you will be paying for someone else’s or even your own drinks and food if you play long enough.