In the quest for the ultimate win, most gamblers are eager to discover the elusive “House Edge”. Known as the house advantage, this percentage tells the casino how much money they should have on hand, and how much they can afford to lose. This work is performed by computer programmers and mathematicians, who are called gaming mathematicians. Many casinos outsource their gaming analysis to third-party experts. The casino is only as good as the people who do the work, so you should always be wary of casinos that hire these professionals.
In an effort to prevent patrons from overspending, most casinos accept bets up to a certain limit. In other words, you can’t win more money than the casino can afford. This means that, as long as you’re betting within the limits, the casino has a mathematical expectation of winning. As a result, the casino rarely loses money. However, it is common for casinos to offer lavish inducements to big bettors, such as free drinks and cigarettes.
During the 1990s, casinos began increasing their use of technology. Computers and video cameras now routinely monitor casino games. The casinos also employ “chip tracking” devices, which contain microcircuitry in the chips. These chips can track the wagers of their customers minute by minute. Similarly, roulette wheels are monitored regularly and given statistical deviations to ensure that players are not losing money. These innovations have helped increase the level of customer service and quality.