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HOUSE ADVANTAGE OR EDGE Casino games generally provide a predictable long-term advantage to the casino, or "house", while offering the player the possibility of a large short-term payout. Casino games often include an Illusion Of Control , in which the player must make choices. However, in most cases it is not mathematically possible for a player to eliminate his or her inherent long-term disadvantage (the house advantage or '''house edge''') in a casino game. The player's disadvantage is a result of the casino not paying winning wagers according to the game's "true odds", which are the payouts that would be expected considering the odds of a wager either winning or losing. For example, if a game is played by wagering on the number that would result from the roll of one die, true odds would be 5 times the amount wagered since there is a 5 to 1 probability of any single number appearing. However, the casino may only pay 4 times the amount wagered for a winning wager. CATEGORIES OF CASINO GAMES There are three general categories of casino games: Gaming machines Gaming machines, such as Slot Machine s and Pachinko , are usually played by one player at a time and do not require the involvement of casino employees to play. Random number games Random Number games are based upon the selection of random numbers, either from a computerized Random Number Generator or from other gaming equipment. Random number games may be played at a table, such as Roulette, or through the purchase of paper tickets or cards, such as Keno or Bingo. COMMON TABLE GAMES Cards
Dice / Tiles Random numbers COMMON NON-TABLE GAMES Gaming machines Random numbers SEE ALSO |
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