House Edge
The statistical advantage that the casino has over the player. It is built into the game and represents the difference between the true odds and the payouts offered.
Casino Glossary
Discover essential terminology related to casino design and psychology.
Variance
A measure of how much outcomes of a game can vary from the expected value. High variance means larger wins and losses, while low variance leads to smaller, more frequent wins.
Comp Point
Points earned by players for their play over a period of time, which can be redeemed for rewards, such as meals or hotel stays in the casino.
Player Psychology
The study of how players react to the casino environment, including color schemes, layout, and sound, which are designed to influence behavior and extend playtime.
Compulsive Gambling
A condition where individuals feel a persistent urge to gamble despite negative consequences. Understanding the environmental triggers can help in developing responsible gaming strategies.
Reinforcement Schedule
How often players receive rewards in a casino. Casinos often use variable reinforcement schedules to keep players engaged, as these schedules can make uncertain outcomes more thrilling.