A casino is a gambling establishment that accepts cash or credit and offers various forms of gambling, like slot machines and table games (like poker, blackjack, and roulette). Patrons must be of legal age to gamble in most casinos. Typically, players exchange money for casino chips that can be used to place wagers on the outcome of various random events or combinations of outcomes.
In American casinos, most tables and slot machines give the house a mathematical advantage of 1 percent or less, meaning it is very rare for a player to win more than they lose in a given day. To compensate for this virtual assurance of gross profit, many casinos offer lavish inducements to big bettors, such as free spectacular entertainment or reduced-fare transportation and hotel rooms.
The Monte Carlo Casino, located in the principality of Monaco, is considered one of the most famous and prestigious casinos in the world. It has been depicted in many novels and films, including in Ben Mezrich’s Busting Vegas, which describes how a group of Massachusetts Institute of Technology students beat the casino out of $1 million.
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