Whether you are a seasoned Las Vegas gambler or gambling just for fun, one thing every gambler wants is to win money and walk away with more money than they walked in with. On the other hand, the ultimate goal of every Las Vegas casino is to make money.
Casinos are designed to operate under the basic understanding that, over the long term, the house will come out ahead. This is achieved if the casinos take in as much as possible and pay out as little as possible. We have all heard the saying, "the house always wins".
Fact: You should know that Las Vegas casinos has the mathematical advantage in every game. No matter what game you play blackjack, roulette, slots, craps , Texas Hold em, Baccarat or any other casino game. Just remember that games of chance are based on random outcomes and always favor the casino.
Our goal in this section of the lasvegashowto.com is to acquaint you with the rules and regulations for each game, which in turn will make for a better gaming experience.
Las Vegas Comps, which is short for complimentary is a way Las Vegas casinos rewards it's frequent gamblers by offering them free complimentary rooms, buffet passes, show tickets, and so on.
Earning comps is a way of getting free stuff for your casino dollar. To earn comps, you must have the most valuable card in any Las Vegas casino which is a "Players Club Card". Here are more information about comp cards. Never drop a single coin into a machine if you don't have your player's club card inserted in the machines card reader. The Vegas comp card is free and will allow you to earn comps you can use towards free shows, free rooms, free food and in some cases a cash rebate.
But you can’t get any of these freebies if you don’t have a players club card. Next time you visit any Vegas casino, walk straight to the players club window and sign up for a free card. Here is a list of participating casinos: Some casinos might give you some freebies right away just for signing up.
The house advantage is the difference between the true odds and the odds that the casino pays you when you win.
It is important to know the house advantage for each game. House advantages also vary by region, casino and game. Today if you ask any Vegas gambler where is the best place to play, they will most likely say, downtown or off the strip.The reason is because people believe the games with the best odds in Vegas can be found the further away you go from the Vegas strip. On the Las Vegas strip, given the common rules, the approximate house advantage for each game are as follows:
Las Vegas Casino House Advantage and Expected Loss
|House Advantage||For Every $100 bet, the player can expect to lose|
|Player/Banker||1.1%-1.2%||$1.10 - $1.20|
|Natural pays 3 to 2||0.5%-1.5%||50c - $1.50|
|Natural pays 6 to 5||2.0%-3.0%||2.00 - $3.00|
|Prop Bets||10%-16.7%||$10 - $16.70|
|Keno and Sports|
|Keno 1-15 Spots||25%-30%||$25 -$30|
|Video Keno||8%-15%||$8 -$15|
|Sports Betting (Bet $11/Win $10)||4.5%||$4.50|
|Slot Machines / Reels|
|Nickel Slots||7%-12%||$7 - $12|
|Quarter Slots||5%-10%||$5 -$10|
|Dollar Slots||2.5%-6%||$2.50 -$6|
|Video Poker||0.5%-5%||50c - $5|
source: American Gaming Association
Now you see why casinos consider slot machines their "bread and butter".
Look for games with a small house advantage. For the player, the best games to play are Blackjack, Craps and Baccarat. These are the games where the house advantage are most reduced, meaning in the short run you can beat them.
Did you know that ...
As of 2017... Slot machines were still the biggest generators of gambling revenue. In Clark County, 63.4 percent of casino revenue was generated by slots, while 32.6 percent came from table games. Sports books contributed 2.1 percent while poker rooms added 0.5 percent.
If you win a jackpot of $1,200 or more in any Las Vegas casino, the casino will ask to see your social security card and have you fill out a W2G form for the IRS.
To view a full copy of the American Gaming Association Code of Conduct for Responsible Gaming, visit the AGA website at www.americangaming.org.
If you wish to view the AGA’s win-loss brochure, “The Guide to House Advantage”, visit www.americangaming.org
Copies of the brochure “When the Fun Stops – Understanding Compulsive Gambling” are available at most Casino Cages, and Players Club Desk.
Warning Signs of Problem Gaming:
If you feel you need help, please call the following 24-hour confidential national hotline:
Nevada Council on Problem Gambling 1-800-522-4700
|Players Club Card List||B Connected|
|Gambling Guide||Caesars Rewards|
|M life Players Club||Win/Loss Statement|