Quote:
Originally Posted by SheetWise
The house doesn't make money when you lose -- the house makes money when you win.
Consider a game that's profitable -- say the house pays 40:1 on a number. You play a number, and you lose. You lost. It doesn't matter what your odds were, you lost either way. But if you win, you make a profit by getting better than even odds. You're going to realize your advantage when you win.
Likewise when the house pays 35:1 on a number. You play a number, and you lose. You lost. It doesn't matter what your odds were, you lost either way. But if you win, you get less than than even odds. That's where you experience your loss.
You lose when you win less than true odds.
I dont think its right , they make money when you play any games in the casino and the way they pay you out its from other people money.
Example : You play blackjack full table lets say 7 people and all the same amount
3 players wins 4 others bust , they take the the 4 bust people to pay the 3 winners and casino makes +1 you understand what im trying to say?
Most of the concept is used on every table game.