Customers gamble by playing slot machines or other games of chance (e.g., craps, roulette, baccarat) and some skill (e.g., blackjack, poker) (for more see casino games). Games usually have mathematically-determined odds that ensure the house has at all times an advantage over the players. This can be expressed more precisely by the notion of expected value, which is uniformly negative (from the player's perspective). This advantage is called the house edge. In games such as poker where players play against each other, the house takes a commission called the rake. Casinos often give out free items, known as comps to people who are gambling. Often, in most casinos, the more money a player uses the more benefits or comps the player gets. The casino determines the comps a player shall receive based upon a formula directly related to the player's average bet, the number of hours of play, and the percentage that the casino will win on the player. Comps can range in anything from free drinks during play to penthouse suites, free airfare, limo service, and free food.[citation needed]
Payout is the percentage won by players.
Playing with house money refers to the situation where a winning player is placing bets with money that has been won from the casino.
Baccarat casino, Edmonton, Alberta
Casinos in the United States:
Las Vegas has the largest concentration of casinos in the United States. Based on revenue Atlantic City N.J. ranks second, and the Chicago region third.
Top American Casino Markets by Revenue (2008 Annual Revenues):
1. Las Vegas Strip $6.12 billion
2. Atlantic City $4.55 billion
3. Chicago region $4.55 billion
4. Connecticut $1.57 billion
5. Detroit $1.36 billion
10. Boulder Strip (Las Vegas) $837 million
11. Reno, Nevada $779 million
16. Downtown Las Vegas $582 million
17. Laughlin, Nevada $571 million
The Las Vegas area is reported as 5 different areas.
Indian gaming has been responsible for a rise in the number of casinos outside of Las Vegas and Atlantic City.
The Las Vegas Strip is renowned for its high concentration of casino resort hotels
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