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If the House Always Wins Why Do We Still Play?
- January 10, 2020 By Riley Wilson -
The house always wins, that’s the only thing we are sure about when playing casino games. What’s the meaning of this proverb and how it applies to online gambling? If you interested in this topic, stay with us. We will discuss the house edge and how to make the most of your stay at an online casino.
Business like Any Other
When we talk about gambling, we tend to get angry with operators. This particularly applies to situations in which we lose our hard-earned money. On the other hand, when we win, we don’t pat the operator on the back. In this case, it’s all about how lucky we have been to earn a certain amount. So, operators can be bad guys, or we are indifferent towards them, to put it simply.
It seems that we are quite emotional when it comes to losing our money. Notice that we don’t use the verb “spend”. Because when we spend our money, we don’t get angry with ourselves. On the other hand, when we lose our money, we tend to curse online casinos instead of thinking about our gambling habits.
We don’t get angry with the bakery on the corner of our street or that cafe where we drink our favourite coffee every day. We buy their products with our money and don’t question their policy or just choose another shop when we are not happy with their services. Yet, when it comes to gambling, we use to blame operators as if they didn’t provide their services like any other profitable business out there.
Not only that we get angry with casinos when we lose; we criticise them when they offer bonuses carrying wagering requirements we need to meet and so on. Somehow, we don’t perceive an online casino as a company that has its own operational expenses. Instead, we tend to take them as some kind of charity organisation where we have only to show up, and money will start flowing into our account.
It’s All about the House Edge
When we say that the house always wins, we speak of a built-in advantage every casino game comes with. While it can exceed 20% in some land-based casinos on some games, at online casinos, things are more transparent, and house edges are set lower. You can check a house edge for each and every casino game on the Internet and choose which games you will play according to it.
What players should understand is that a house edge is not based on every wager they make. Instead, it is calculated over a more extended period of time and stands for a theoretical representation of what the house keeps. Once you start playing, you can lose one bet and win another. That’s what keeps us engaged and coming back for more. Also, that’s why it is essential to know when you should stop playing.
Unlike brick-and-mortar casinos where players are not aware of the passage of time, at online casinos, you can see the clock whenever you play. Keep an eye on it and on your bankroll, as the longer you play, the more likely you are to lose money. A rule of thumb would be to quit as soon as you have more than you had when you start playing in your balance.
Choose Games and Manage Your Bankroll Wisely
Casino games are made for adult players. Today, you can choose from a plethora of regulated gambling sites which take care of their customers and their gambling habits. However, they cannot decide for you how much you will spend, albeit they must keep track of your wagers and warn you if they notice that you play irresponsibly.
As a responsible player, you should make educated decisions and moves. There is no excuse for playing risky bets when you can choose from those that provide you with decent odds of winning. Make sure to pick those games that have a low house edge and to learn the basic game strategy to gain leverage over the casino. And never forget that money management should be your number one priority no matter how exciting gameplay may be.