10 Things You Didn’t Know About Casinos
Casinos accommodate various gambling activities and are usually built at close quarters with hotels and restaurants. People from different levels of society and all walks of life can be found in a casino. They come from near and far to forget about their worries and indulge in the frenzy that the slot games, cards and dice offer. Casinos also organize recreational and merrymaking events and concerts.
In the UK, systematic and planned gambling has been part of the society for a long time, coming out of lounges, hotels, inns, public houses, and clubs. Casinos surely have a rich culture, but is everyone familiar with their history and operations?
Check out the list below about the casinos you must know about.
1. Casinos Originated in Italy
The word “casino” originated back in the 18th century in Italy from Italian, short of casa ‘house’, from Latin casa meaning ‘cottage’ that means “a little house”. The actual origin of gambling is not known but the first organised European gambling house was the Ridotto in Venice, Italy in 1638 to arrange controlled gambling at the time of the carnival season. It had a formal dress code and it required the players to wear three-cornered hats and masks.
2. British Casino’s evolved From Gentlemen’s Clubs
The British gambling hub was initially Bath but was later shifted to London in the late 18th century after many posh clubs began to develop. These clubs were only for the members and had grown out of coffeehouses and other meeting places for the elite classes of society. White’s, the earliest gentleman’s club in London, was formerly a chocolate house.
3. The Biggest Ever Slot Machine Win Was $40m
The biggest prize ever won at the slots machine was in Las Vegas on March 21st, 2003. Everyone wants to win it big on the slots. In 2003, a 25-year-old engineer hit the city’s largest slot jackpot ever after playing at the $100 megabucks machine. He won a staggering $39,710,826.36.
4. Archie Karas Holds the Largest & Longest Winning Streak in Casino History
This player from Las Vegas is a high roller and a legend in the gambling world who went from broke to millionaire many times. A high roller is a gambler who puts large amounts of money at stake. His longest winning streak referred to as “The Run”, saw him turn $50 to $40 million in less than 3 years, only to lose it all again the following year.
5. Fruit Machines Must Payout At Least 70%
The Commission for gambling keeps the minimum payout percentage in case of fruit machines at 70%. The chances of winning a prize in these machines depend on the outcome of the previous play. When a machine has not reached its target percentage return-to-player it becomes much more generous as the game proceeds. In online slot machines, the payout percentage is way higher. At Unibet for example, the average payout is 97% for slot games!
6. Teddy Sheringham Has Won $330,000 Playing Poker
Former Football player Teddy Sheringham is a celebrity hero in the Casino scene today. After an excellent career in Football, Sheringham has tried his hand at Poker and can now be found playing poker tournaments in Europe and also the World Series of Poker held in Las Vegas. He won $330,000 from tournament earnings.
7. Craps and Blackjack Have the Lowest House Edge
Games at casino have a built in advantage for the house which is known as the ‘house edge’. If the player wants the best chance of winning, he must play either Craps or online Blackjack. But these games do require skill and are not for first timers in the casino! Craps has a 0.5% advantage and Blackjack has a 1% advantage, which means they will yield the maximum profit for the player.
8. The Longest Poker Game Lasted Over Eight Years
Poker requires patience and skill; tournaments generally last for a month or two. But in 1881 in the cellar of a theatre in Arizona, a poker game was hosted that ran continuously for 24 hours a day, for close to eight and a half years. People say that around $10,000,000 changed hands during this tenure of the marathon Poker.
9. A Player Once Lost £1.5 Million in Three Minutes
The pain of a loss in gambling is enormous especially if a player loses a huge sum while playing the roulette table or poker, but maybe not quite like Robert Maxwell. He lost a whooping £1.5 million in just three minutes time after playing 3 roulette wheels simultaneously.
10. A British Man Once Gambled $135,300 on A Single Spin Of A Roulette
13 years ago in the year 2004, a British gambler sold all his belongings, even his clothes worth $135,300 and placed a bet on a single spin of a roulette wheel. His fearless gamble was fruitful and earned him double the amount.