Technology and Casino Security
Technology plays a critical role in the security of casinos. Casinos routinely monitor game play with video cameras and computers. Chip tracking allows casinos to monitor players’ wagers minute-by-minute. Roulette wheels are also routinely monitored for statistical deviations. Some casino games are now played in enclosed rooms without dealers. These games allow players to place bets by pressing buttons on their phones or computers. This helps casinos monitor the games more closely. Casino security is crucial for the safety of patrons and casino assets.
While casinos are not illegal, they can be very profitable. The house edge of a casino is the average profit made by the casino. If you’re not careful, the house edge can wear you down and grind you into unprofitable territory. Many casinos also don’t have clocks or windows, which makes it difficult to keep track of time. Many first-timers enjoy the welcome gestures of management by receiving free drinks. Beware though, as a drunk player has no better judgment when placing bets.
To prevent this, casinos have developed mathematical formulas that calculate “predicted lifetime value” of gamblers. According to these formulas, the casino should make a profit of $50,000 for every $1 million of bets placed. High rollers also receive luxury suites for free and pampered personal attention from casino employees. Clearly, casinos want high rollers to return again, but they have to balance their profits with the losses in the long run.