No one knows the exact origins of casino online gambling, its believed that it rose from the ancient Greeks but that is unverifiable and the understanding is that so long as there were two people and an unknown outcome that they didn’t agree on, they were both willing to make some profit off it.
Found in nearly every society on earth at some point or another, gambling’s history is rich with entertainment and stories of rags to riches and vice versa. The first recorded casino was the Ridotto in Venice, established in 1638 by the Great Council of Venice; it lasted 136 years before being closed in 1774 due to fears that in was impoverishing the local people.
The Modern Casino
The modern casino, as we know it, didn’t officially existing until 1931 when, propagated by the saloons that held most of the action prior, the state of Nevada opened its first legalised casino. Since then, the gambling boom has taken the US and the greater world by storm.
The designs of modern casinos take more work to create than you may think. So many factors go into making its design optimal, an intricate process that is regarded as a psychological exercise with the intention of using floor plans, décor and atmospherics, like sound, smells and lighting, to encourage patrons to gamble.
Casinos are businesses that must have licenses, that they purchase, allowing the institute and the guests to gamble on its premises, without the license, they will be shut down by the government.
The word casino comes from the Italian word “Casa” meaning ‘House,’ hence casinos being referred to as the House and many of the gambling terms like “the house always wins.”
The Games We Play
The idea of gambling is simply to bet on game of chance, many games like craps, baccarat, roulette, blackjack and video poker require a heavy dose of skill as well. Frustratingly, most games employ a mathematical advantage over players to ensure that the house always has a higher chance to win; this is called ‘the house edge.’ This is what allows casinos to continue to operate; they succeed purely through the mindset of the patrons that believe that they can win, when in reality the odds are massively stacked against them.
The annual revenue from the top 5 American casino market in 2015:
- Las Vegas – $6.3 billion
- Atlantic City – $2.4 billion
- Chicago Region – $2 billion
- New York City – $1.4 billion
- Detroit – $1.3 billion
This account for an incredible amount of revenue and it is only increasing due to gambling becoming more and more prevalent in society.
Many would theorise that a great deal of what needs to be understood about gambling is retained within the four walls of a casino. Many gamblers are seduced by the illusions of grandeur – bright lights, flashy neon signs, music and nice aromas but that could easily be considered as a lie.
The opposite side of the discussion, written about in forums and in plain black and white is the statement that these institutions, although propagated by the concept of free will, are in fact trying to rob you. The beauty is a beguiling call to gamble but righteousness dictates that people’s freedoms must be respected.