casinos impose betting limits, which means players can't continuously double their bets indefinitely to overcome losses.Daniella wrote: Sat Apr 13, 2024 3:06 am How do casinos make money on roulette if the odds are in favor of the player?
In American roulette, for example, there are 38 pockets on the wheel - 1 to 36, plus 0 and 00. Even though there are betting options like betting on red or black, odd or even, or specific numbers, the presence of those 0 and 00 pockets gives the house an edge. When the ball lands on 0 or 00, most bets lose, allowing the casino to keep the chips wagered on those bets.Daniella wrote: Sat Apr 13, 2024 3:06 am How do casinos make money on roulette if the odds are in favor of the player?
while individual players may experience wins, the house edge ensures that the casino makes a profit over time. That's why casinos can afford to offer flashy games like roulette,,.they know they'll come out ahead in the end.Daniella wrote: Sat Apr 13, 2024 3:06 am How do casinos make money on roulette if the odds are in favor of the player?