This chapter teaches us the main functions of gambling and how it has been used to expand the hospitality industry immensely. Gambling is illegal in the U.S, except for when it’s in one place, and that’s a casino. Legal gambling has expanded the horizons of hotel owners by investing in these game machines and innovating casino or resort casino. The casino is operated by the head manager, and wins within the casino is split between player and hotel/resort where you’re legally gambling at. There are two types of gambling, social gambling and mercantile gambling. This chapter also explain the games played in casino’s and gambling resorts which people play to either win or lose.
Baccarat: Gambling card game in which players have three cards and they can bet against the banker. Winner is whom has highest remainder after play.
Blackjack: one of the most widely played casino games. The winner is whom first creates the sum of 21 with cards he/she has in hand.
Wins; Prize after winning a hand or game in casino.
Casino resort: A hotel that offers accommodations along with game machines for guests to gamble.
Comp: complementary items and services given out by casinos to encourage players to gamble. Example; server may give my free alcoholic beverages as encouragement to gamble.
Craps: dice game in which player bets on outcome of the dice rolled.
Handle: total amount of money bet over a particular time or event.
Gambling: Person who plays game for bet or money. For example, Me and my friend bets 10 dollars each on a basketball game. Person who wins gains their own money, along with opponent money as well.
Hold percentage: percentage of buy-in money that a table game keeps.
Poker: card game played by two or more people who bet on the value of hands dealt. Example: in a poker game, i bet 200$ against the table because i have a high number card that’ll likely beat anyone who bets against me.
Roulette: casino hame named after the french word little wheel. It’s a wheel that’s marked with prices($) or losses and spins until it lands. Example: i spun the wheel and it landed on 2,000$, i just won 2,000$.
Craps: dice game in which player bets on outcome of the dice rolled.
Handle: total amount of money bet over a particular time or event.
