Реферат: Legalized Gambling Essay Research Paper Through the

machines saw 45% more action than usual.20

Why do these casinos want each person in their casino

to stay longer, and to bet more money? Because the odds

are in favor of the house, and the more money gambled, the

more the house will make. CEO and President of Claridge’s

Casino in Atlantic City, Bob Renneissen, said, “Our goal

is not to get more out of a customer in three hours but to

get him to stay for four hours.”21

In lotteries and horse racing the house earns the

same percentage from the wagers, no matter what the

outcome is. This fact ensures that more money is wagered

the more money is made. In casino’s, each game has a

certain percentage of winning. Sports books get 10%,

craps gets .6-1.4%, roulette gets 5.2%, blackjack receives

2-15%, and keno gets a whopping 20%.

In 1980, a math genius named Jess Marcum calculated

that a craps player who made just a one dollar bet every

bet for two months straight would have a one in two

trillion chance of winning $1000 before losing $1000. In

contrast, if that person only plays for 25 minutes and

bets $200 every time, they would increase their odds to

1.15 to 1.22 Basically, the longer the gambler stays, the

more money the house will take in. The casinos of today

do not need blatant fraud and corruption, like their

predecessors, to make large sums of money. As long as a

casino remains popular, it will make money.

The recent resurgence in gambling has created more

problems in America. In 1980 Tunica, Mississippi was

known as “America’s Ethiopia.” Around 53% of the