The majority of casino games are a game of chance, in which both players and casinos have equal chances of winning. The statistics show that the casinos win over the long term in most cases. Most players lose their winnings to the casino, regardless of how much they have won in the past.

The million-dollar question is: What causes players to lose their hard-earned cash in casinos over the long term? The house edge, maximum limit, and psychology are two key factors that cause most players to lose their money over the long term.

The House Edge

Casinos must make sure they are making enough profit from their gambling business. Therefore, casinos need to have a slightly higher winning rate than the players. “The house edge” is the best mathematical advantage of the online casino over the players. Every type of game has a house edge. If you play on a game with a house edge of 5.56% or more than 2.78%, it means that you have a greater chance to lose your money twice as fast as the first one.

It is common to see runs of five, six, or fifteen black, red, high, low, or even on a single game. However, this does not happen in all casinos. If the casino doesn’t set a maximum amount of betting and does not have enough money to double his losses, the player can win his money back with an additional chip. This is why casinos use this strategy to protect their money from rich players by setting a maximum limit for all casino games.