Why are casinos so profitable? Should you ever gamble?

Gambling is a profitable business. Every year casinos earn more profits in the U.S. than the movie industry and the music industry combined. Despite the negative impacts of gambling like increased poverty and higher crime rates, more casinos are building in various states.

We usually repeat behavior which produces desirable results, and we avoid those which incurs a loss. By using this logic, we expect a gambler will play as long as he or she wins. But in the case of gambling, this doesn’t happen. Players tend to play faster after losing and bet continuously regardless of the magnitude of return or even lack of chance of winning. The reason for this is gamblers don’t judge the actual probability of winning properly.

What is the ‘House Edge’?

Casino games have an advantage for the operator known as ‘House Edge.’ It is the difference between the true odds and the odds that the casino pays when you win. It is called casino odds. The chance that you will roll a specific number is called true odds. More combinations mean higher the odds. The casino takes a portion of the winnings due to House Edge, and the winner gets true odds less difference between the casino odds and true odds. Most games have House Edge between 0% – 5%. Slot machine and Keno have House Edges of 10% and 27%, respectively. If you play games that have smaller House Edge and learn the right strategies, then the players can keep their money longer, and it increases the probability of winning.

Where the profits come from?

As so many people are gambling, the casino odds are generating high profits for the casinos. But the habit of playing the odds results in a gambling addiction. Major casino players like Las Vegas Sands and MGM Resorts attracts millions of customers because of this addiction. That’s why scatter slots free coins casino business is so profitable.

Gambling is not good. It is an addiction, and it causes stress. It also increases the rate of crime. But most importantly you have the high chance of losing your money. Lotteries are the worst form of gambling. If you pay lotteries for many years, you will lose half of what you pay. In the other casino games like Blackjack or Baccarat, even in slot machines, you lose money. So, you should stay away from gambling.


The five most trustworthy online casinos in the world

A gambler always looks for new platforms where they can play games. But not all platforms are safe. Online  casinos are gaining popularity, and more people are getting involved in these. With so many casinos available, it ‘s hard to find a reliable one. Here are the mot trustworthy online casinos in the world.

1. BetVictor


It was established in 1996 and licensed by the Government of Gibraltar and UKGC. It offers more than 500 top class free online slot games from the best suppliers such as Microgaming, Novomatic, NetEnt, Evolution Gaming, etc.

2. Casumo Casino


It is a very simple online casino. It is a social gaming site formed in 2012. It is a unique and exciting casino. Just by browsing the site, you will feel the excitement. Here you can collect bonuses, find rewards like free spins and unlocking badges.

3. Guts Casino


It has all the best Casino games in one place. No download is required. They have very fast payouts and offers weekly free spins bonuses. It is very safe and secure and provides all time support. You will find live dealers and sports here.

4. Betsafe Casino


It was started in 2006 and is one of the biggest online gambling sites. It is regulated and licensed by the Malta Lotteries and Gaming Authority. It is very user-friendly, safe and secure. It accepts players from any country. It provides different currency and language options.

5. Energy Casino


It is the second largest Novomatic online casino and offers more than 60 exclusive Novomatic games. It is one of the top instant play casinos. It is powered by Microgaming, Greentube Technology, and NetEnt.

These sites are ranked regarding reliability, online casino security, customer support, and other important factors. You can play on these casinos without worrying about security issues.