The House Edge in Online Casino Gambling
The house edge is the percentage of the casino’s gross profit that is paid to the casino, and it is a very important statistic to understand. The longer you play, the more you’re likely to lose. This advantage is usually a very small percentage, but the longer you play, the higher the house edge becomes. This can make the odds of winning a casino game very small, so the more you bet, the higher the house edge will become.
As of the past decade, casinos have become increasingly technologically advanced. Computers and video cameras routinely supervise the games. “Chip tracking” involves betting chips that contain microcircuitry, allowing the casino to monitor the bets minute by minute. Roulette wheels are also regularly monitored for statistical deviations, ensuring that the games are fair. In addition, enclosed versions of games have eliminated the need for dealers, allowing players to place their bets by pushing a button.
Technology is being used to monitor the games in more casinos. During the 1990s, casinos began to use video cameras to supervise the games. They also began using computers to monitor the bets made by patrons. They also started using ‘chip tracking’, a method that involves betting chips with microcircuitry. This technology allows the casino to keep track of the number of wagers minute by minute. These developments allowed the casinos to reduce their costs and offer more incentives to big bettors.
