Gambling casinos have shown they know how to make money. The odds of winning or losing always favor the gambling house.
There’s no secret about that. But, since before numbers were created or odds calculated, people have taken the risk that they can beat those odds.
You and the odds
Enough people win enough often enough to keep them coming back. There’s something human in taking a chance. For some, it’s a compulsion, but for most, it’s a fun way to find a little luck in their lives.
Most players approach the slot machines, roulette wheels, and gaming tables with some discretionary money they can afford to lose in the name of the game and of the opportunity.
Bob Hannum, Ph.D., U. of Denver Professor of Risk Analysis & Gaming published at the University of Nevada-Las Vegas Gaming Research Center, says,”At its core the business of casino gaming is pretty simple. Casinos make money on their games because of the mathematics behind the games… With a few notable exceptions, the house always wins – in the long run – because of the mathematical advantage the casino enjoys over the player…With this edge, and because of a famous mathematical result called the law of large numbers, a casino is guaranteed to win in the long run.”
We will defer to gaming research on the complex math computations, only to say that the practical issues in the gambling industry can sometimes benefit the customer.
What this means to you, the gambler?
The odds of the casino winning have to realize a margin large enough to show a profit from the gaming itself. But, the margins must also offset the enormous cost of building and maintaining the enormous and lavish casinos and entertainment centers that line the gambling strips of the world.
But, online casinos don’t share those burdens. They do not employee thousands, feed more, entertain millions. There is no cost for of utilities, real estate taxes, janitorial services, or housekeeping. A few key people log into an employee time tracking site and manage a profitable web business that entertains many.
And, one way the online casinos pass their financial profile on the customers is to offer casino coupons.
An increasing amount of research indicates that physical onground casinos have saturated the market and that they cannot survive catering to a largely aging clientele.
Business Wire examines trends in casino gambling through 2021: “Casinos are a source of luxurious entertainment for people who have disposable time and income. However, casinos are the primary attraction of a city and they are popular for their games and rewards and not for the hospitality they offer. To expand their business, casino operators are looking for alternate methods to increase their customer base and attract a younger audience.”
Atlantic City is a sign of the problem. Unfortunately for the New Jersey economy and following some poor management issues, Atlantic City casinos found themselves vulnerable during the Great Recession. So, they took this investment bear and legalized online casinos to rescue the economy if not the respective physical casinos.
To market their entertaining and engaging online games, New Jersey’s authorized online casinos offer players the convenience of gambling whenever they want wherever they can access the internet – by laptop, desktop, tablet, or smartphone.
And, to prompt the curious to act, they offer Casino Coupons. The coupons represent free money and/or discounts on gaming at major brand name casinos like Caesar’s, Borgata, Tropicana, Harrah’s, and more.
You’ll want to comparison shop and read their Terms & Conditions carefully, but online casinos offer engagement, fun, and winnings without leaving home.