Every gambler wants to win. This is the bottom line when it comes to gambling. Whether you’re doing it online or at a brick and motor casino, your main motivation is to make money. However, many gamblers rarely win, this is the reason why there are many casinos still in business today.
As a gambler, before you learn how to win, you need to learn what affects your chances of winning. Here are the 3 main reasons why you rarely win.
The casino has to maintain its profit margin
The gambling industry is big business world over. This industry is believed to rake in at least $100 billion annually. Keep in mind that these are only figures reported by registered casinos. What about the unreported revenue? All this money is made from what gamblers lose when they stake their money hoping to win big. The honest business truth is that if gamblers registered more wins, then casinos would run out of business. It’s this huge revenue potential with great profit margins that inspires investment in the industry.
The odds never favor you the gambler
We all did math in school and we are familiar with the concept of probability. When in a casino, every game you play has odds that never favor the player. The probability of you winning is always very low and this is not a secret. In fact, this chase for the big win which is always out of reach is what draws gamblers into the casino with the hope that they will be the exception to the rule.
The house advantage
This is related to odds. As a rule, the house will always have the advantage over the player in any gambling game. This means that you are more likely to lose your money in a casino than make it because casinos invest plenty of money in putting up measures to ensure they don’t lose and if they do, it’s an acceptable loss. This means that the number of people who actually win big, pale in comparison to those who lose.
Keep in mind that these factors don’t mean you can’t win, they just mean it’s much harder for you to win however with good practice and a good strategy, you can tip the scales in your favor.
Feel free to share with us your gambling experiences and how you have overcome the house advantage.