- For centuries now, gamblers from all around the world have seen the casinos of Las Vegas, counting noses at the roulette wheel, betting big on horse races and pulling lucky cards in the slot machines. But a new wave of casino games are entering the scene, attracting the attention of a whole new group of players - older ones who remember playing with those exact same roulette wheels at arcades and backrooms some time back. It is called the Big Wheel. And the casino game that is taking Las Vegas by storm is none other than the Big Wheel.
- Formerly named the World's biggest Roulette Wheel, the latest Big Wheel Casino is currently calling Las Vegas its home. The first Big Wheel was designed by the famous Chicago card player, Frank Lloyd Wright. Frank Lloyd Wright's genius was in creating a larger playing surface which gave the player more odds of winning. In fact, at one time, the Big Wheel was so popular that it was employed at the Paris Las Vegas Hotel & Casino.
- In comparison to the other slots offered by the rest of the casinos in Las Vegas, the Big Wheel provides a much longer"house edge". The term"house edge" refers to the casino's profit margin - the amount by which the casino earns more money from each wager than it pays out to the people who place those bets. For every 100 hands of gambling that occur, the casino pays out a profit of about twenty five dollars. However, because the house edge is a lot higher than the payout, many gamblers prefer to play with the wheel over the slots. So, what does this have to do with me? As you might imagine, if there is a greater house edge, then the casino will pay out more money to the winners of each game - and each game could be several minutes long.
- When you place your bets, you stand a good chance of winning a proportion of your bets. However, you also stand a chance of losing some of your bets, also. Although there are different kinds of bets in a casino, the big wheel typically offers the maximum house advantage. This is the reason many gamblers prefer to play with the big wheel when placing their bets - they understand that they have a far better probability of winning some of their bets, but they don't have to trust that the casino takes all their winnings!
- On the other hand, if you were to place your bets on a casino which has a low house edge, you have a far greater chance of losing most of your winnings. The casino will take quite a bit of your winnings if you aren't careful. For instance, let's say that you place your bets and you win eight out of ten times. But, if you were to lose three out of ten times, you'd walk away with a relatively modest payout - less than half of what you would if you had won eight out of ten times.
- Now, you might be thinking to yourself that if you just sit at home in front of your computer, you can play the wheel and keep losing - right? Not so fast! https://totositeheaven.com/ If you put your bets in a casino game with a low house edge, you have a better probability of winning, albeit a smaller one. As previously mentioned, the casino pays out a certain portion of your winnings, so you can expect to walk away with a considerably smaller proportion of your total winnings. However, if you were to win eight out of ten times at home, you'd walk away with seventy-eight percent of your total bet, which is much more than you can expect to have in a casino where the house edge is high.
- It should also be noted that in the event that you play with the big wheel in the movie version, you stand the better chance of earning some money on the long term. It stands to reason that when you play with the big wheel in movie form for eight out of ten times, you stand about a five percent chance of losing all of your bets. However, if you were to play the big wheel in movie form for six out of ten times, you stand around a ninety-five percent chance of losing all of your bets. This difference in the statistical likelihood of losing and winning is what makes the digital version worth its weight in gold. You will see that when you bet big in movie casino games, you usually walk away with a considerably higher percentage of your winnings.
- So what is the big wheel emblem? The symbol that lots of gamblers make reference to is the red one, which represents the casino you are playing in. The house edge on the digital version is about two percent, meaning that when you bet on the red symbol, you walk away with roughly one hundred percent of your original stake. But when you bet on the black emblem, you lose approximately seventy-two percent of your initial stake.