What Do You Do In A Casino

Long before Las Vegas or Macau rose to prominence, Monte Carlo was the world’s premier gambling destination. It became a big deal in the mid-1800s and has continued its run as a casino hotspot ever since.

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Of course, Monte Carlo doesn’t draw diehard gamblers as much as Vegas or Macau. Instead, it’s more of a lavish casino destination that attracts wealthy people and others looking for an experience as much as the games.

There Is a Minimum Age. That might not strike you as surprising, but there is a minimum age for. You’ll also see the other areas of the casino that you can visit, like the cashier, the loyalty store and promotions. To see all the games you can play, click on the games button.

It makes for a truly unique trip that offers the type of extravagance and waterfront views that few places can match. You can read more about what a Monte Carlo gambling trip is like below.

Where Is Monte Carlo?

Monte Carlo is located in Monaco. The latter is an independent principality that’s wedged between the Italian Riviera and the French Riviera.

It’s an extremely small place that only has 30,000 residents. Part of this population doesn’t even live in Monaco full time. They merely maintain an address here and stay part of the year so that they can avoid paying income taxes.

As for Monte Carlo, it’s only one of five districts in Monaco. The other four districts include La Condamine, Fontvieille, Monaco-Ville, and Moneghetti.

How Do You Get to Monte Carlo?

Part of Monte Carlo’s exclusivity is attributed to how difficult it is to reach. It’s not anything like Las Vegas, which is easily accessible through international flights and major highways.

Monte Carlo’s rugged landscape and seaside location make it the complete opposite of Vegas. However, you can still get here through multiple ways.

The Nice-Côte d’Azur Airport is the closest spot for international flights. You can land here and hitch a taxi or Uber ride down the coast to Monte Carlo. The drive from the airport is only 25 minutes. However, you’ll end up paying €80 on average for the ride.

You can also take a helicopter from the airport. This option will run you €150, but it provides unforgettable views along the way. Buses provide a cheaper route over taxis, Ubers, and helicopters. There are bus passes for anywhere from €20 to €30.

If you’re up for a French vacation, you can also fly into Paris and find transportation from there. This route is great if you’ve never been to the City of Love. You’ll also find far more flights that touch down in Paris versus Nice.

The downside, though, is that Paris is almost 600 miles away from Monaco. You’ll need to spend more time and money on transportation when starting from Paris.

What Casinos Are Available in Monte Carlo?

Many people know of Monte Carlo as a gambling destination. Therefore, they may envision it having many casino options.

The reality, though, is that Monte Carlo doesn’t really offer many options at all. It only features the following four casinos:

• Casino de Monte Carlo
• Casino Le Café de Paris

• Monte Carlo Bay Casino
• Sun Casino

This casino offers the most real money slots and table games in the district. It also features the type of opulence you’d expect during your time here.

Café de Paris serves as both an outdoor café and slots parlor. You’ll find nearly 500 video poker and slot machines in this establishment.

The Bay Casino offers another slots parlor with no table games. Meanwhile, Sun Casino—located inside the Fairmont Hotel—has both table games and slots.

What Casino Games Can You Play in Monte Carlo?

Monte Carlo does a good job of spreading many types of gambling across its four casinos. You’ll find a good variety of table games and slot machines throughout the area.

Here are some of the table games that are available in Monte Carlo:

• Baccarat
• Blackjack
• Craps

• European Roulette
• Stud Poker
• Texas Hold’em

The roulette action is particularly good here. You’ll find a number of European Roulette wheels with the la partage rule in effect.

The European wheel features 37 numbers and a 2.70% house edge. This compares much more favorably to the American Roulette version, which has 38 numbers and a 5.26% house advantage.

You’ll also enjoy the la partage rule, which pays half back on losing even-money bets when the ball lands on zero. This rule cuts the house edge down to 1.35%.

The blackjack games in Monte Carlo are largely favorable too regarding rules. However, you won’t be able to count cards on anything less than a €100 table.

Most of the tables throughout the district use a continuous shuffling machine (CSM), which spoils any card counting dreams. The video poker action isn’t very good in Monte Carlo. You can find 9/6 Jacks or Better (99.54% RTP) if you’re willing to bet €1 per coin (€5 for the full five coins).

However, some American casinos only require to wager $0.25 per coin to play 9/6 Jacks or Better. Assuming you play the quarter games in Monte Carlo, then you’ll be facing 98.45% RTP or worse.

Keep in mind that you must exchange other currencies (e.g. USD, GBP) for euros before gambling. You can use an online currency converter if you’re struggling with knowing how much your bets are worth.

How Much Do You Have to Pay to Stay at the Casinos?

Monte Carlo is one of the most beautiful places in the world, and it charges you for this fact too. You’ll pay hundreds of euros to stay at a three-star hotel or better.

Assuming you find any good deals, your booking cost is typically non-refundable. Furthermore, you’ll likely need to call in advance, because others will be fixating on the same great offers.

Of course, you could always opt for the budget hotels located here as well. But even these are more expensive than the average motel found throughout Atlantic City or Vegas.

Do You Need Formal Wear to Enter Casinos?

One common stereotype about Monte Carlo is that you need to wear a tuxedo or evening gown to enter the gambling floor. While this may be true of high-roller rooms, it’s not true across the board.

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You will, however, need to have formalwear if you visit one of the private gambling rooms. You’ll also need to bring a large bankroll to afford the €100 minimum bets.

How Are Monte Carlo Casinos Different From Others?

Most casinos use various tricks to keep your mind on the games at hand. They don’t have windows, clocks, or anything else that would clue you in on amount of time spent on the gambling floor.

Monte Carlo takes a very different approach to the matter. They not only have clocks on the wall but also feature large windows that provide a view to the outdoors.

Another difference is the makeup of the gambling floors. Monte Carlo casinos don’t have as many slot machines as most gaming destinations.

They feature more table games on average, because they earn the majority of their revenue in this area. Contrast this scenario to Las Vegas casinos, which fill their gambling floors with slot and video poker machines.

The Monte Carlo gambling floors are also decorated much better than those found elsewhere. They go for a classic and elegant look that includes candelabras, chandeliers, and marble floors.

Likewise, dealers are all clad in formal wear. This touch completes an atmosphere that makes you feel like you’ve stepped back into a wealthy 1800s gambling house.

Finally, Monte Carlo casinos aren’t as noisy as those in Vegas, Atlantic City, Macau, and other gambling hotspots. The less-noisy atmosphere is due to fewer slot machines and a quieter table games crowd.

Conclusion

Monte Carlo definitely isn’t your standard gambling trip. Instead, it’s one of the most lavish gambling destinations in the world.

Movie stars, royalty, and billionaires all vacation in this famed district of Monaco. Much of the same crowd also likes to gamble in the legendary private rooms found in Casino de Monte Carlo.

Fortunately, you don’t need to be a prince or movie star just to enjoy Monte Carlo. But you will need to have a larger-than-average budget before heading here.

Monte Carlo hotels are pricier on average than any other casino destination. You’ll also have to spend more actually getting here. But once you do commit to this trip, you won’t be disappointed with the results.

Games available in most casinos are commonly called casino games. In a casino game, the players gamble cash or casino chips on various possible random outcomes or combinations of outcomes. Casino games are also available in online casinos, where permitted by law. Casino games can also be played outside casinos for entertainment purposes like in parties or in school competitions, some on machines that simulate gambling.

Categories[edit]

There are three general categories of casino games: gaming machines, table games, and random number games. Gaming machines, such as slot machines and pachinko, are usually played by one player at a time and do not require the involvement of casino employees to play. Tables games, such as blackjack or craps, involve one or more players who are competing against the house (the casino itself) rather than each other. Table games are usually conducted by casino employees known as croupiers or dealers. Random number games are based upon the selection of random numbers, either from a computerized random number generator or from other gaming equipment. Random number games may be played at a table or through the purchase of paper tickets or cards, such as keno or bingo.

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Some casino games combine multiple of the above aspects; for example, roulette is a table game conducted by a dealer, which involves random numbers. Casinos may also offer other type of gaming, such as hosting poker games or tournaments, where players compete against each other.

Common casino games[edit]

Notable games that are commonly found at casinos include:

House advantage[edit]

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Casino games typically provide a predictable long-term advantage to the casino, or 'house', while offering the players the possibility of a short-term gain that in some cases can be large. Some casino games have a skill element, where the players' decisions have an impact on the results. Players possessing sufficient skills to eliminate the inherent long-term disadvantage (the house edge or vigorish) in a casino game are referred to as advantage players.

The players' disadvantage is a result of the casino not paying winning wagers according to the game's 'true odds', which are the payouts that would be expected considering the odds of a wager either winning or losing. For example, if a game is played by wagering on the number that would result from the roll of one die, true odds would be 5 times the amount wagered since there is a 1 in 6 chance of any single number appearing, assuming that the player gets the original amount wagered back. However, the casino may only pay 4 times the amount wagered for a winning wager.

The house edge or vigorish is defined as the casino profit expressed as the percentage of the player's original bet. (In games such as blackjack or Spanish 21, the final bet may be several times the original bet, if the player double and splits.)

In American roulette, there are two 'zeroes' (0, 00) and 36 non-zero numbers (18 red and 18 black). This leads to a higher house edge compared to European roulette. The chances of a player, who bets 1 unit on red, winning is 18/38 and his chances of losing 1 unit is 20/38. The player's expected value is EV = (18/38 × 1) + (20/38 × (−1)) = 18/38 − 20/38 = −2/38 = −5.26%. Therefore, the house edge is 5.26%. After 10 spins, betting 1 unit per spin, the average house profit will be 10 × 1 × 5.26% = 0.53 units. European roulette wheels have only one 'zero' and therefore the house advantage (ignoring the en prison rule) is equal to 1/37 = 2.7%.

The house edge of casino games varies greatly with the game, with some games having an edge as low as 0.3%. Keno can have house edges up to 25%, slot machines having up to 15%.

The calculation of the roulette house edge is a trivial exercise; for other games, this is not usually the case. Combinatorial analysis and/or computer simulation is necessary to complete the task.

In games which have a skill element, such as blackjack or Spanish 21, the house edge is defined as the house advantage from optimal play (without the use of advanced techniques such as card counting), on the first hand of the shoe (the container that holds the cards). The set of the optimal plays for all possible hands is known as 'basic strategy' and is highly dependent on the specific rules and even the number of decks used. Good blackjack and Spanish 21 games have house edges below 0.5%.

Traditionally, the majority of casinos have refused to reveal the house edge information for their slots games and due to the unknown number of symbols and weightings of the reels, in most cases it is much more difficult to calculate the house edge than that in other casino games. However, due to some online properties revealing this information and some independent research conducted by Michael Shackleford in the offline sector, this pattern is slowly changing.^[1]

In games where players are not competing against the house, such as poker, the casino usually earns money via a commission, known as a 'rake'.

Standard deviation[edit]

The luck factor in a casino game is quantified using standard deviations (SD).^[2] The standard deviation of a simple game like roulette can be calculated using the binomial distribution. In the binomial distribution, SD = √npq, where n = number of rounds played, p = probability of winning, and q = probability of losing. The binomial distribution assumes a result of 1 unit for a win, and 0 units for a loss, rather than −1 units for a loss, which doubles the range of possible outcomes. Furthermore, if we flat bet at 10 units per round instead of 1 unit, the range of possible outcomes increases 10 fold.^[3]

SD (roulette, even-money bet) = 2b√npq, where b = flat bet per round, n = number of rounds, p = 18/38, and q = 20/38.

For example, after 10 rounds at 1 unit per round, the standard deviation will be 2 × 1 × √10 × 18/38 × 20/38 = 3.16 units. After 10 rounds, the expected loss will be 10 × 1 × 5.26% = 0.53. As you can see, standard deviation is many times the magnitude of the expected loss.^[4]

The standard deviation for pai gow poker is the lowest out of all common casino games. Many casino games, particularly slot machines, have extremely high standard deviations. The bigger size of the potential payouts, the more the standard deviation may increase.

As the number of rounds increases, eventually, the expected loss will exceed the standard deviation, many times over. From the formula, we can see the standard deviation is proportional to the square root of the number of rounds played, while the expected loss is proportional to the number of rounds played. As the number of rounds increases, the expected loss increases at a much faster rate. This is why it is impossible for a gambler to win in the long term. It is the high ratio of short-term standard deviation to expected loss that fools gamblers into thinking that they can win.

It is important for a casino to know both the house edge and variance for all of their games. The house edge tells them what kind of profit they will make as percentage of turnover, and the variance tells them how much they need in the way of cash reserves. The mathematicians and computer programmers that do this kind of work are called gaming mathematicians and gaming analysts. Casinos do not have in-house expertise in this field, so outsource their requirements to experts in the gaming analysis field.

See also[edit]

References[edit]

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1. ^'Michael Shackleford is the wizard of odds'. Observer. Retrieved 13 October 2015.
2. ^Hagan, general editor, Julian Harris, Harris (2012). Gaming law : jurisdictional comparisons (1st ed.). London: European Lawyer Reference Series/Thomson Reuters. ISBN978-0414024861.
3. ^Gao, J.Z.; Fong, D.; Liu, X. (April 2011). 'Mathematical analyses of casino rebate systems for VIP gambling'. International Gambling Studies. 11 (1): 93–106. doi:10.1080/14459795.2011.552575. S2CID144540412.
4. ^Andrew, Siegel (2011). Practical Business Statistics. Academic Press. ISBN978-0123877178. Retrieved 13 October 2015.

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