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One reason that the slot machine is so profitable to a casino is that the player must play the high house edge and high payout wagers along with the low house edge and low payout wagers. In a more traditional wagering game like craps, the player knows that certain wagers have almost a 50/50 chance of winning or losing, but they only pay a ...
Those who only play when the progressive jackpot provides them with a positive expectation situation, still generate revenue for the casino. Even though the player has an advantage over the house, the casino still profits from each play, because the bulk of the progressive jackpot has been pre-paid by the prior non-winning players.
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 of 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.
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