All those profits are the result of the accrual of all of the losses from casino patrons each year. Of course, some of the money may come from other venues within the casino, but the breadwinner for this industry is the games.
Now, think of yourself walking into a casino with the feeling that you’re going to beat those odds (or profits) because luck (whatever that is) is on your side. Not likely. You can’t even bet on winning or losing streaks, either. If you had a slew of bad hands, the likelihood of that turning into a winning streak simply doesn’t exist. It’s just not in the cards—or math, for that matter.
Although casinos may earn some money from food, entertainment, and other venues, the breadwinner for the industry is the games. A significant portion of casino profits are the result of the accrual of all of the losses from casino patrons each year.
The odds for each game are stacked in favor of the casino. This means that, the more you play, the more the math works against you, and the better the chances are of you walking out of the casino with less money in your wallet than when you came in.
Almost every time, it’s in your best financial interest not to walk into that casino and place the bet—the math simply isn’t your friend. For those who want to press their luck anyway, make sure to quit while you’re ahead. That winning streak you’re on is definitely all in your head.
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