What is a Casino?


Casino is a gambling establishment that offers a variety of games of chance and, in some cases, skill. These include roulette, blackjack, baccarat and video poker. Every game in a casino has an inherent statistical advantage for the house, and this is called the house edge. This slight advantage, which can be lower than two percent, earns casinos millions of dollars in profit each year. This profit is often augmented by extras such as free drinks, complimentary hotel rooms and food. In addition, casinos collect a percentage of winnings from each game, called the vig or rake.

While casinos are most commonly associated with Las Vegas and Atlantic City, there are a number in other cities as well. These casinos have a significant positive impact on their local communities by bringing in tourists and stimulating the economy. They also generate large amounts of tax revenue for their home cities.

Gambling in some form has been seen in most societies throughout history. It can be as simple as a family betting on the outcome of a horse race or as complicated as a major international event like the World Series of Poker. While the exact origin of gambling is unknown, it is believed that people were always seeking some type of entertainment that involved risk and reward.

Something about gambling (perhaps the presence of large sums of money) seems to encourage patrons and staff to cheat or steal, either in collusion or independently. This is why casinos devote a significant amount of time and money to security.

Posted in: Gambling