• Casino: The origins

    Posted on September 24, 2012 by in Casino News

    In most jurisdictions worldwide, gambling is limited to persons over the age of license (16 to 21 years of age in most countries where casinos are permitted)

    Customers gamble by playing games of chance, in some cases with an element of skill, such as craps, roulette, baccarat, blackjack, and video poker. Most games played have mathematically-determined odds that ensure the house has at all times an advantage over the players. This can be expressed more precisely by the notion of expected value, which is uniformly negative (from the player’s perspective). This advantage is called the house edge. In games such as poker where players play against each other, the house takes a commission called the rake. Casinos sometimes give out complimentary items to gamblers.

    Payout is the percentage won by players.

    Casinos in the USA say that a player staking money won from the casino is playing with house money.

    Video Lottery Machines (slot machines), have become one of the most popular form of gambling in casinos. Recently, investigative reports have been calling into question whether the modern day slot machine is addictive

    Article courtesy of Wikipedia 

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