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A casino is a facility which houses and accommodates certain types online casino wikipedia the free encyclopedia gambling activities. The industry that deals in casinos is called the gaming industry.
Casinos are most commonly built near or combined with hotels, restaurants, retail shopping, cruise ships or other tourist attractions. There online casino auszahlung much debate over whether or not the social and economic consequences of casino gambling outweigh the initial revenue that may be generated. The term "casino" is a confusing linguistic false friend for translators.
Casino is of Italian origin ; the root casa house originally meant a small country villasummerhouseor social club. Not all casinos were used for gaming. The Catalina Casino a famous landmark overlooking Avalon Harbor on Santa Catalina Island, Californiahas never been used for traditional games of chance, which were already outlawed in California by the time it was built.
The Copenhagen Casino was a theatre, known for the mass public meetings often held in its hall during the Revolutionwhich made Denmark a constitutional monarchy. Untilit was a well-known Danish theatre. Rather, it was a banquet hall for the Russian nobility which frequented this spa resort in the late 19th century and is now used as a restaurant.
The precise origin of gambling is unknown. Online bonus casino besten ohne einzahlung is generally believed that gambling in some form or another has been seen in almost every society in history. The first known European gambling house, not called a casino although meeting the modern definition, was the Ridottoestablished in VeniceItaly in by the Great Council of Online casino wikipedia the free encyclopedia to provide controlled gambling during the carnival season.
It was closed in as the city go here felt it was impoverishing the local gentry.
In American history, early gambling establishments were known as saloons. The creation and importance online casino wikipedia the free encyclopedia saloons was greatly influenced by four major cities: New OrleansSt. LouisChicago and San Francisco. It was in the saloons that travelers could find people to talk to, drink with, and often gamble with. During the early 20th century in America, gambling became outlawed and banned by state legislation and social reformers of the time.
However, ingambling was legalized throughout the state of Nevada. Most jurisdictions worldwide have a minimum gambling age 16 to 21 years of age online casino wikipedia the free encyclopedia most countries which permit the operation of casinos.
Customers gamble by online casino wikipedia the free encyclopedia games of chancein some cases with an element of skill, such as crapsroulettebaccaratblackjackand video poker.
Most games played have mathematically determined odds that ensure the house has at all times an overall advantage over the players. This advantage is called the house edge. In games such as poker where players play against each other, the house takes a commission called the rake.
Casinos sometimes give out complimentary items or comps to gamblers. Video Lottery Machines slot machines have become one of the most popular forms of gambling in casinos. As of [update] investigative reports have started calling into question whether the modern-day slot-machine cashman slot online addictive.
Factors influencing consumer gambling tendencies include sound, odour and lighting. He suggested that the scent acted as an aphrodisiac, facilitating a more aggressive form of gambling. Http://bonus-ohne-einzahlung.info/blackjack-online-game-for-fun.php broke casino here convention by introducing natural sunlight and flora to appeal to a female demographic.
Thomas inserted skylights and antique clocks, defying the commonplace notion that a casino should be a timeless space. According to Bloomberg, accumulated revenue of biggest casino operator companies worldwide amounted almost 55 billion US dollars as per The third biggest casino operator company based on revenue was Caesars Entertainment with revenue of 6.
While there are click at this page in many places, a few places have become well-known specifically for gambling. Perhaps the place almost defined by its casino is Monte Carlo, but other places are known as gambling centers. Monte Carlo has online casino wikipedia the free encyclopedia famous casino popular with well-off visitors and is a tourist attraction in its own right.
This book is based on real people and events; however, many of those events are contested by main character Semyon Dukach. The casino has made Monte Carlo so well known for games of chance that mathematical methods for solving various problems using many quasi-random numbers —numbers with the statistical distribution of numbers generated by chance—are formally known as Monte Carlo methods.
Monte Carlo was part of the plot in a few James Bond novels and films. The former Portuguese colony of Macaua special administrative region of China sinceis a popular destination for visitors who wish to gamble.
This started in Portuguese times, when Macau was popular with visitors from nearby British Hong Kong where gambling was more closely regulated. The Venetian Macao is currently the largest casino in the world. Singapore is an up-and-coming destination for visitors wanting to gamble, although there are currently only two casinos both foreign ownedin Singapore.
With currently over 1, casinos, the United States has the largest number of casinos in the world. The number continues to grow steadily as more states seek to legalize casinos.
Relatively small places such as Las Vegas are best known for gambling; larger cities such as Chicago are not defined by their casinos in online casino wikipedia the free encyclopedia of the large turnover. Top American casino markets by revenue annual revenues: The Nevada Gaming Control Board divides Clark Countywhich is coextensive with the Las Vegas metropolitan area, into seven market regions for reporting purposes. Indian gaming has been responsible for a rise in the number of casinos outside of Las Vegas and Atlantic City.
Given the large amounts of currency handled within a casino, both patrons and staff may be tempted to cheat and steal, in collusion or independently; most casinos have security measures to prevent this. Security cameras located throughout the casino are the most basic measure. Modern casino security is usually divided between a physical security force and a specialized surveillance department. The physical security force usually patrols the casino and responds to calls for assistance and reports of suspicious or definite criminal activity.
When it opened inThe Mirage was the first casino to use cameras full-time on all table games. In addition to cameras and other technological measures, casinos also enforce security through rules of conduct and behavior; for example, players at card games are required to keep the cards they are holding in their hands visible at all times.
Over the past few decades, casinos have developed many different marketing techniques for attracting and maintaining loyal patrons. One area of controversy surrounding casinos is their relationship to crime rates. Economic studies app online casino caesars show a positive relationship between casinos and crime usually fail to consider the visiting population at risk when they online casino wikipedia the free encyclopedia the crime rate in casino areas.
Such studies thus count the crimes committed by visitors, but do not count visitors in online casino wikipedia the free encyclopedia population measure, and this overstates the crime rates in casino areas. Part of the reason this methodology is used, despite it leading to an overstatement of crime rates is that reliable data on tourist count are often not available.
Entrance to the casino at Resorts World SentosaSingapore. Entrance to the casino at Resort World ManilaPhilippines. View of the Monte Carlo CasinoMonaco. From Wikipedia, the free encyclopedia. For the film Gambling House, see Gambling House film. This article is about establishments for gambling.
For other uses, see Casino disambiguation. Gambling in the United States. An Encyclopedia of History, Issues, and Society. Retrieved August 17, Archived from the original on Archived from the original on November 23, The Encyclopedia of Third Reich Tableware.
More info and the Modern: Living Through the In-Between. Retrieved 22 May The Biggest Casinos Ever! Retrieved 23 June Exploring the Link" July Gambling mathematics Mathematics of bookmaking Poker probability. Casino game List of bets. Category Commons Wiktionary WikiProject. Retrieved online casino wikipedia the free encyclopedia " https: Webarchive template wayback links Articles containing potentially dated statements from All articles containing potentially dated statements Articles with DMOZ links Wikipedia articles with GND identifiers.
The Stanford Encyclopedia of Philosophy has achieved what Wikipedia can only dream of — Quartz Online casino wikipedia the free encyclopedia
Games available in most casinos are commonly called casino games. In a casino game, the players gamble casino chips on various possible random outcomes or combinations of outcomes. Casino games are also available in online casinoswhere permitted by law. Casino games online casino wikipedia the free encyclopedia also be played outside of casinos for entertainment purposes like in parties or in school competitions, some on machines that simulate gambling.
There are three general categories of casino games: Gaming machines, such as slot machines and pachinkoare more info played by one player at a time and do not require the involvement of casino employees to play.
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 rouletteor through the purchase of paper tickets or cards, such as keno or bingo.
Casino games generally provide a predictable long-term Ruhigstellung best real money casino games der to the casino, or "house", while offering the player the possibility of a large short-term payout.
Some casino games have a skill element, where the player makes decisions; such games are called "random with a tactical element". While it is possible online casino wikipedia the free encyclopedia skillful play to minimize the house advantage, it is extremely rare that a player has sufficient skill to completely eliminate his inherent long-term disadvantage the house edge HE or house vigorish in a casino game.
For example, if a game is played by online casino wikipedia the free encyclopedia 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 1 in 6 chance of any single number appearing, assuming that you get the original amount wagered back.
However, the casino may only pay 4 times the amount wagered for a winning wager. In games such as blackjack or Spanish 21the final bet may be several times the original bet, if the player double and splits.
In American roulettethere are two "zeroes" 0, 00 and 36 non-zero numbers 18 red and 18 black. This leads to a higher house edge compared to the European roulette. Therefore, the house edge is 5. After 10 spins, betting 1 unit per spin, the average house profit will be 10 x 1 x 5.
Of course, the casino may not win exactly 53 cents of a unit; this figure is the average casino profit from each player if it had millions go here players each betting for 10 spins at 1 unit per spin. Poker has become one of the most popular games played in the casino. It is a game of skill and the only game where the players are competing against each other and not the house. There are several variations of poker that are played in casino card rooms.
The house edge of casino games vary greatly with the game, with some games having as low as 0. The calculation of the roulette house edge was a trivial exercise; for other games, this is not usually the case. In games which have a skill element, such as blackjack or Spanish 21the house edge is defined as the house advantage from optimal play without the use of advanced techniques such as card countingon the first hand of online casino wikipedia the free encyclopedia shoe the container that holds the cards.
The set of the optimal plays for all possible hands is known as " basic strategy " and is highly dependent on the specific rules and even the number of decks used. Good blackjack and Spanish 21 games have house edges below 0. Traditionally, the majority of casinos have refused to reveal the house edge information for their slots games and due to the unknown number of symbols and weightings of the reels, in most cases this is much more difficult to casino online latest news than for other casino games.
However, due to some online properties revealing this online casino wikipedia the free encyclopedia and some independent research conducted by Michael Shackleford in the offline sector, this pattern is slowly changing.
The luck factor in a casino game is quantified using standard deviations SD. The binomial distribution assumes a result of 1 unit for a win, and 0 units for best way to get money at a casino loss, rather than -1 units for a loss, which doubles the range of possible outcomes.
Furthermore, if we flat bet online casino wikipedia the free encyclopedia 10 units per round instead of 1 unit, the range of possible outcomes increases 10 fold. After 10 rounds, the expected loss will be 10 x 1 x 5. As you can see, standard deviation is many times the magnitude of the expected loss. The standard deviation for pai gow poker is the lowest out of all common casinos. Many, particularly slots, have extremely high standard deviations.
As the size of the potential payouts increase, so does the standard deviation. As the number of rounds increases, eventually, the expected loss will exceed the standard deviation, many times over. From the formula, we can see the standard deviation is proportional to the square root of the number of rounds played, while the online casino wikipedia the free encyclopedia loss is proportional to the number of rounds played.
As the number of rounds increases, the expected loss increases at a much faster rate. This is why it is impossible for a gambler to win in the long term.
It is the high ratio of short-term standard deviation to expected loss that fools gamblers into thinking that they can win. It is important for a casino to know both the house edge and variance for all of their games. The online casino wikipedia the free encyclopedia edge tells them what online casino wikipedia the free encyclopedia of profit they will make as percentage of turnover, and the variance tells them how online casino wikipedia the free encyclopedia they need in the way of cash reserves.
The mathematicians and computer programmers that do this kind of work are called gaming mathematicians and gaming analysts. Casinos do not have in-house expertise in this field, so outsource their requirements to experts in the gaming analysis field. From Wikipedia, the free encyclopedia. Not to be confused with Arcade game or Cassino card game. This article needs additional citations for verification.
Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.
October Learn how and when to remove this template message. Retrieved 13 October Gambling mathematics Mathematics of bookmaking Poker probability. Casino game List of bets. Category Commons Wiktionary WikiProject. Retrieved from " https: Articles needing additional references from October All articles needing additional references.
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Casino. In modern English, casinos are places associated with gambling. These are often built on or around hotels, cruise ships, restaurants and.