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The modern casino is like an indoor amusement park for adults, with the vast majority of the entertainment (and profits for the owner) coming from gambling. While musical shows, lighted fountains, shopping centers, lavish hotels and elaborate themes help draw in the guests, casinos would not exist without games of chance. Slot machines, blackjack, roulette, craps, keno, baccarat and more provide the billions of dollars in profits raked in by U.S. casinos every year.

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In this article we'll look at how casinos make their money, the history behind them, what the popular games are and how they are played, what you could expect when you visit one, how casino's stay safe and the dark side of the business.

Casino Business

A casino is simply a public place where a variety of games of chance can be played, and where gambling is the primary activity engaged in by patrons. The typical casino adds a host of luxuries to help attract players, including restaurants, free drinks, stage shows and dramatic scenery, but there have certainly been less lavish places that house gambling activities. These would still technically be called casinos. How tall is blackjack mulligan.

Poker chips of President Harry S. Truman.

A truly enormous amount of money changes hands at casinos every year. Best poker site with real money. While there are certainly big winners at the gaming tables every now and then, the only sure winner in a casino is the owner. In 2005, commercial casinos in the United States had gross revenues of $31.85 billion. Add to that the revenue of Native American casinos, which brought in $22.62 billion in 2005, and it's safe to say that casino industry profits have been steadily increasing for more than a decade [Source: American Gaming].

Casinos make money because every game they offer has a built in statistical advantage for the casino. That edge can be very small (lower than two percent), but over time and the millions of bets placed by casino patrons, that edge earns the casino enough money to build elaborate hotels, fountains, giant pyramids, towers and replicas of famous landmarks. The casino advantage is known as the 'vig' (short for vigorish) or the rake, depending on the game. The exact number can vary based on how the player plays the game and whether the casino has set different payouts for video poker or slot machines.

As of 2007, only two U.S. states do not have legal gambling: Utah and Hawaii [Source: Hawaii News]. Every other state either has state-sanctioned casinos or Native American gaming.

Casinos offer rewards programs as a way to encourage you to play more and become loyal to that casino. Comp points and VIP programs are offered at most of the reputable online casinos and are made available for you when you make the decision to join and play at that casino. These programs work because they give you the chance to enjoy the feeling of getting something for nothing, and who wouldn’t like that?

What are Comp Points?

Comp points give you added incentive for playing at an online casino. The casino will offer you points for playing the games. Once you have collected enough of those points, you will be able to redeem them for cash and sometimes other rewards. The basis of these programs is the more you play, the more you earn. Each casino will have their own way of handling the comp points regarding the rate in which they are earned of them and the requirements for converting them to cash or other rewards. Some of the games may allow players to earn more comp points when they play and some games may be ineligible for comp points.

A sample of a typical casino comp points conversion ratio table.

What are VIP Loyalty Programs?

Many of the online casinos offer VIP Programs, sometimes known as “VIP Club”, “Loyalty Program”, or “Players Club”, players can become a part of when they join the casino. The VIP Programs are offered in different ways depending on which casino you play at. The land based casinos offer VIP Programs which give you the chance to enjoy rewards that will be of use to you in the land based casino setting; these rewards would include hotel accommodations, free buffets, tickets to events, etc. Some of the online casinos have done a great job of putting together rewards that add an even more personalized touch to the rewards so players truly feel rewarded when they play.

While the online casinos also offer these VIP Programs, they offer them in a manner that accommodates you while you are playing in their online environment. This means the online VIP Programs will offer you rewards which come in the form of online rewards, such as cash bonuses and entries into tournaments, as well as other rewards such as free spins and more.

Are all Programs the Same?

No, the online casinos will each offer their own VIP Programs. However, some of the casinos which are a part of the same network may choose to offer the same type of VIP Program. When you join the casino you want to review the information it provides you with regarding its program. Also, if you are unable to find answers to some of the questions you have about its program then you should contact the customer support team. It is also important for you to realize that not all of the casinos offer VIP Programs, so you want to verify there is one available when you are considering joining a specific casino. While it may seem overwhelming at first once you learn about these programs you will be able to go through them and compare them quickly.

What Kinds of VIP Programs are there?

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There are some VIP Programs that you automatically become a part of when you join the casino. These programs don’t require anything out of you and you will begin earning points the minute you begin playing the real money games. These programs are commonly found on the online casinos and as a new player you will appreciate the fact that you won’t have to earn your right to begin reaping the benefits the program has to offer.

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There are other VIP Programs in which you are required to earn access to the program by meeting certain criteria. Once you have met the requirements needed in order to become a member of the VIP Program. This won’t always happen automatically which means you may be required to inform the casino of your new eligibility for the VIP Program.

There are even VIP Programs which require you to be invited in. This means you will need to be given an invitation from another pe

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