How to Analyze a Casino’s Games
A casino offers a variety of games, which are usually either table games or gaming machines. Most casino games use mathematically-determined odds to give the house an edge over the players. In exchange for these advantages, casinos pay out a commission known as the rake to the players. Other casino games are entirely based on chance, such as poker. Regardless of how the house wins and loses, the casino will still make money. If the casino has a large house edge, the odds are not favorable for players.
In order to determine whether a game is profitable, casinos must know the house edge and variance, which tells them how much money to reserve for losing bets. Casinos hire mathematicians and computer programmers who perform this type of work. These experts are called gaming mathematicians or analysts. Most casinos do not have in-house expertise in this area, so they outsource this work to experts. There are many ways to analyze a casino’s games and determine which games offer the most profit.
One of the most common ways to detect fraudulent activity in a casino is to look for signs of it. Casinos use elaborate surveillance systems to keep tabs on patrons and the games. Throughout the casino, employees are on the lookout for anyone who is playing under the influence of alcohol. Dealers and pit bosses are trained to catch cheating in the act. Those who work in the front desk keep a constant eye on their patrons, and each employee has a supervisor.