How Does Casino Make Money On Roulette

Apr 12, 2018  Roulette is one of the easiest games in the casino to play. The math behind the game is deceptive, though; making a living at roulette seems possible at first. Follow along as I go over the house edge, betting systems, advantage play methods and how much profit you can make in roulette.

The modern casino is like an indoor amusement park for adults, with the vast majority of the entertainment (and profits for the owner) coming from gambling. While musical shows, lighted fountains, shopping centers, lavish hotels and elaborate themes help draw in the guests, casinos would not exist without games of chance. Slot machines, blackjack, roulette, craps, keno, baccarat and more provide the billions of dollars in profits raked in by U.S. casinos every year.

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In this article we'll look at how casinos make their money, the history behind them, what the popular games are and how they are played, what you could expect when you visit one, how casino's stay safe and the dark side of the business.

Casino Business

A casino is simply a public place where a variety of games of chance can be played, and where gambling is the primary activity engaged in by patrons. The typical casino adds a host of luxuries to help attract players, including restaurants, free drinks, stage shows and dramatic scenery, but there have certainly been less lavish places that house gambling activities. These would still technically be called casinos.

Poker chips of President Harry S. Truman.

A truly enormous amount of money changes hands at casinos every year. While there are certainly big winners at the gaming tables every now and then, the only sure winner in a casino is the owner. In 2005, commercial casinos in the United States had gross revenues of $31.85 billion. Add to that the revenue of Native American casinos, which brought in $22.62 billion in 2005, and it's safe to say that casino industry profits have been steadily increasing for more than a decade [Source: American Gaming].

Casinos make money because every game they offer has a built in statistical advantage for the casino. That edge can be very small (lower than two percent), but over time and the millions of bets placed by casino patrons, that edge earns the casino enough money to build elaborate hotels, fountains, giant pyramids, towers and replicas of famous landmarks. The casino advantage is known as the 'vig' (short for vigorish) or the rake, depending on the game. The exact number can vary based on how the player plays the game and whether the casino has set different payouts for video poker or slot machines.

As of 2007, only two U.S. states do not have legal gambling: Utah and Hawaii [Source: Hawaii News]. Every other state either has state-sanctioned casinos or Native American gaming.

Everyone would love a guaranteed winning roulette system to make money whenever they need. But is there a guaranteed way to win roulette? The answer is quite technical, but in layman’s terms, yes there is. This website explains how to beat roulette consistently. And sure many of you may have heard differently, of course from others they get their experience from other people that have no experience. So let me make this clear, I have plenty of personal experience.

But perhaps to be more technical, consider is anything in life is guaranteed? Not even a bank term deposit is guaranteed profit, because what happens if the bank and government goes bankrupt? Is any investment you have ever made been 100% guaranteed to profit you? My point that everyone wants something to be completely assured, but the reality is nothing is ever a certainty. But you do not need complete certainty to profit at roulette.

The guaranteed winning roulette system

We will start off with the most simplistic example. Let’s say you found a real roulette wheel that had very clear physical defects, such as the black pockets being significantly larger than the red pockets. This would mean that the ball is most likely to land in the black pockets. This kind of defect is called a roulette wheel bias, and while my example may seem a little bit ridiculous, it is only to illustrate a point. Of course you wont find this effect with online casinos or any roulette simulator.

In this example, you will have a very clear long-term statistical advantage over the casino. That is to say that on most spins, you will win. But let’s say you only bet on one spin, and perhaps for arguments sake let’s say you had about 60% chance of winning. Keep in mind we are assuming that zero doesn’t exist. So in this case, you also have a 40% chance of losing. This single spin is a short term as it gets, and anything can happen in the short-term. So while you may have the odds in your favour, it is no guarantee that you will profit.

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Now consider betting on black for 100 spins. The chances of red spinning more often than black over this many spins would be very remote. But still in the infinite possibilities of this universe, it is still not a guaranteed roulette system.

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Without taking the time to calculate the chances of you losing, let’s just assume that one in 10,000 players that played on this wheel (on different spins) will lose. Does this mean that their system loses? No, it only means that they have lost over the specific spins they played on.

How Does Casino Make Money On Roulette Games

Likewise, if another player won over 100 spins on a completely different wheel, although there were using random bet selection, that this mean that their roulette strategy works? No, it only means they got lucky.

The purpose of me explaining these concepts is so you understand if you are serious about winning at roulette, first understand that nothing is guaranteed, and it is still possible to make a loss even if you have a winning roulette strategy.

But as I said at the start of the article, a guaranteed winning roulette strategy to make money is a reality, although with the following conditions:

1. You need to play over a sufficiently large sample of spins. This is because anything can happen in the short-term.

2. Once in a while, you are still going to lose. This happens with any investment, but with an effective strategy, you are going to profit more in the long-term then you lose.

3. Theoretically it may be possible to lose on every spin, but the chances of this are so remote that you don’t need to think about it.

Summarizing it, if your system is a long term winner, the more spins you play, the greater the chances of you profiting.

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The roulette strategy I provide does come with a 100% money back guarantee. But I make very clear that this is not a guarantee that you will profit. It is only a guarantee that if you don’t profit within the first 30 days, that I will provide a full refund. There is a distinct difference, and perhaps this is what you are searching for when you entered the search term guaranteed winning roulette system.