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Ever wondered how casinos make so much money? Casinos earn a profit by giving a chance to play to people who have a lower payout than what they have invested for wagering. If you are still confused, the information below will help you understand it better.
Money Made by Casino Explained
No matter the type of casino gambling, everything depends on The Handle. In casino gaming industry, the handle means the entire amount of money that has been gambled.In craps online casino game, all the amount that has been used for wagering is considered the amount of the handle. It doesn't matter if the game is lost or won. Nor it matters if the gambling game is won using casino chips or player’s cash money. It even doesn't matter if the wager is done for pass line or 30-1 or a 12.
Players get confused between the handle and the drop. In a casino game, drop means all the money exchanged for all casino chips in the game. House Edge is another term that you need to learn about when you are trying to understand casino money. House Edge is the advantage a casino has on a player while on a bet. This feature makes a casino game more interesting for gamblers. There are certain periods when the casino has a negative amount of money after it pays all the winnings to players. This is how casino money is generated.
