Casinos Appreciate Winning trades
Casinos do love winners. Without winners there will be no casinos. It's the winner and occasionally, the mega moolah jackpot winner that's their finest type of advertising.
I seriously doubt there will be this kind of mass migration of individuals flooding in their doors each day without the occasional winner's story. The main one about the neighbor or relative that went along to play the slots one rainy afternoon with one hundred dollars and hit for $20,000 having fun with nickels, dimes as well as pennies. Everyone likes to believe, "that could have been me."
This is the only logical explanation why so most are ready to risk so much money with the odds so clearly stacked against them.
From an economic standpoint it appears that the cash the gambler doesn't have seems more valuable to them compared to money they do have. The gambler's desire to win an apparently unobtainable large lump amount of cash goes far beyond a "poor man's" mentality.
The exact same desire crosses every economic class and boundary. From the player betting dollars or pocket change to the high rollers betting thousands, the similarities are eerily common among them.
Watching your typical, uninformed casino gambler, you will see them betting wildly on big odds payoffs and equally high risk proposition bets. When they, by some stroke of luck, start winning they'll begin betting larger amounts with relative abandon. Without the consideration for the odds against them they become, like frozen in the minute, overcome with a euphoric sense of invincibility. The train wreck is heading straight for him and he don't notice it coming.
Rather than realizing their sudden good fortune for what it is and protecting some of their profits, they play on. When this kind of gambler is winning they are no longer interested in just winning money, they want the chandeliers off the ceiling. They're envisioning swimming pools, celebrities, stretch limos and suitcases full of cash. Hypnotized by their particular delusions, there's no quantity of winnings that will satisfy them.
Overstaying and overplaying, the inevitable negative house percentage begins showing it's face and our hero starts losing. In an eager try to win back what he's lost, he begins increasing his bets, risking more cash than he'd planned and making larger and scarier bets.
It's not necessary to view this entire scenario unfold to inform what the end result would be. Without plan for handling winnings or losses, what could have been a considerable winning session and an at all times fun time for anyone turned into a devastating loss. The worst part being is, it didn't need certainly to happen.
When talking in what I would call "professionals" or at the least "experienced" gamblers, there's a term for this condition. It is called the "gambler's ruin."
Quite a long time pit boss at the craps tables at the Tropicana. He summed up this way. He explained, " the earnings are amazing. We don't need certainly to resort to any types of tricks or gimmicks either. Each time a player is winning, they would like to win more. Each time a player is losing they'll keep playing, making bigger bets in the hopes of winning back what they lost. Either way, they have no plan, they end up losing everything they came with."
The casinos love this kind of weekend mega moolah jackpot. They know the odds of the games have been in their favor and many players entering their doors don't or won't play intelligently. As a consequence, they'll lose. Some will miss a little some will miss a great deal but it is the one thing that a lot of them have in common.
In addition they understand that even though these players knew of a winning method and a good sense money management system they would not put it to use if it seemed like an excessive amount of effort. The excuse often heard is that they are only gambling to own fun. Maybe it's just me but, I've a whole lot more pleasurable when I win.
