Bodhi Center
Description: Bodhispiritualcenter.org
A casino is a place where people can play games of chance and gamble. It has many luxuries, such as restaurants, free drinks and stage shows, but its primary business is gambling. It is not unusual for casinos to offer a mix of table games, slot machines and electronic games. While the casino may have a lot of bells and whistles, it cannot survive without the millions of dollars that are bet every year on these games.
Casinos make money by charging patrons a fee, called vig or rake, for the opportunity to play their games. The amount of the vig is based on the house edge and variance of each game. Casinos hire mathematicians and computer programmers to do the complex analysis needed for this work.
The house edge is a tiny percentage of each bet made, but it can add up to huge sums over time. These profits allow casinos to build lavish hotels, fountains and replicas of famous pyramids and towers. The casino business is a global industry with annual revenues in the billions of dollars.
Bodhi Center