Problem Gambling in a Casino
To encourage problem gamblers to go to a casino, casinos have developed sophisticated formulas to determine the “predicted lifetime value” of each customer. These value rankings help casinos identify potential repeat customers and market aggressively to those who are more likely to win. While some casinos have been criticized for being too lenient with problem gamblers, they generally do not. Here are some tips for keeping you and your bankroll happy in a casino.
Firstly, if you’re a high roller, you can expect to be pampered by the casino staff. Comps are incentives that casinos give to entice customers to spend more. Some casinos give away free drinks, comps, and free show tickets to high rollers. Depending on the casino, these perks may be worth hundreds or even thousands of dollars. The more comps you earn, the better. This is how casinos generate enough money from you.
The longer you play, the more the house edge becomes, grinding you into unprofitability. Most casinos don’t have windows or clocks, so they make sure to keep players from realizing time. The free drinks offered at casinos often surprise first-timers, but these can end up costing you money. Intoxication will cause you to make poor judgments when placing your bets, so stay away from the casino as soon as possible.
Another way to get an edge over the casino is to lower the house edge. A standard American roulette wheel has a 5.26% house edge, so if you bet $1 million on the roulette wheel, the casino should make an average profit of $50,000. However, if you’re a big bettor, you’ll probably have the best luck at video poker or blackjack. Those two games are great for small bettors and attract big bettors alike.