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How the casinos (always) make money

In the casino when you lose, the casinos makes money. When you win the casino also makes money. How can that be? Lets start with the easy ones. When you play roulette, you find there are 38 numbers on the wheel (36 numbers, plus a zero and double zero.) If your number doesn’t show up, you loss your wager, however, if your number does win, the casino will play you 35 chips. But the problem is the odds were 37 to 1, you should have been paid the 37 chips, but the casino will kept two of them. They won even when you won. Betting $5 on the Pass line in craps and the number four is the point, if it hits you are paid even money instead of 2 to 1, or $10, because the four is harder to make than the 5, 6, 8, or 9.The house keeps the $5 difference. The amount the house will kept at craps varies depending on the number. This concept is true for keno, blackjack, baccarat and just about ever other game in the casino. When you add all those little returns at the end of the day, the casino has made a nice profit. They have won! The only way to overcome this house advantage is to play for a short period of time. If you win, take the money and run!! Otherwise they will get most, if not all of your winnings back in the long run.

John Marchel's World of Casino Gambling