A fool and his money are easily parted, says the adage. However, it does not apply to casinos, where even the most intelligent of minds can lose thousands of dollars at a time. Indeed, casinos are great levelers as most games come down to chance and luck, which are often in short supply when people need them most.
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Here are some industry secrets casinos would prefer their patrons did not know:
Odds of winning
When you visit a land-based casino or gamble at an online casino for real money, the odds of winning remain about the same. Some casinos advertise better odds of winning, but the truth is that this is not true. Whether you play roulette online or in person, the odds of winning do not change.
Casinos also have statistics about RTP (return to player) rates. For example, a game might have an RTP of 97%. However, this does not mean that players will win 97% of the time, something that many assume and are disappointed to discover is not the case. This average stipulates the expected percentage of sums gambled a player could expect returned to him in the long run. How long that long run is depends on algorithms and luck, neither of which are within a player’s control. It is akin to investing in crypto, another risky endeavor that can yield significant profits or end in financial disaster.
Gambling is a gamble
While a positive attitude can bring about positive results, this is not always true in a casino context. Some people assume they can attract good luck through wearing a lucky item or consulting their horoscopes. You might be lucky, and you might be unlucky, which is simply the nature of the gambling beast.
One sure thing is that people who gamble beyond their financial means become desperate, and their odds of winning decline. This is not due to bad luck but poor, reckless decision-making.
The human element cannot always be controlled
People at brick-and-mortar casinos can cheat, and dealers have been known to be dishonest. This is part of human nature. However, casinos have such sophisticated surveillance systems that people are unlikely to get away with this behavior.
While a casino seems like a friendly, welcoming place, the truth is that Big Brother is watching. Thousands of cameras monitor each player and dealer to keep them on the straight and narrow.
Rocko Berry 
Barbara Ratliff 
David Flint