For centuries now, gamblers from all around the world have seen the casinos of Las Vegas, counting noses at the roulette wheel, gambling big on horse races and pulling lucky cards at the slot machines. But a new wave of casino games are going into the scene, attracting the attention of a whole new group of gamers - older ones who remember playing those same roulette wheels at arcades and backrooms some time back. It's called the Big Wheel. And the casino game that's 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 now calling Las Vegas its home. The first Big Wheel was designed by the famed Chicago card player, Frank Lloyd Wright. Frank Lloyd Wright's genius was in developing a larger playing surface that gave the player more odds of winning. In actuality, at one time, the Big Wheel was so popular that it was employed in the Paris Las Vegas Hotel & Casino.
Compared to the other slots offered by the rest of the casinos in Las Vegas, the Big Wheel provides a much longer"house advantage". 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 overlooks the people who place those bets. For every 100 hands of gambling that take place, the casino pays out a gain of about twenty-five dollars. But as the house edge is much higher than the payout, many gamblers prefer to play the wheel over the slots. So, what does this have to do with me? As you may imagine, if there is a greater house advantage, then the casino will pay out more cash to the winners of each game - and every game could be several minutes long.
When you place your bets, you stand a good chance of winning a proportion of your bets. But, you also stand a chance of losing some of your bets, as well. Although there are various types of bets in a casino, the big wheel typically offers the highest house advantage. This is why many gamblers prefer to play the wheel when placing their bets - they understand that they have a far better chance of winning some of their bets, but they don't have to hope that the casino takes all of their winnings!
View website On the other hand, if you were to place your bets on a casino which has a very low house edge, you have a much greater chance of losing almost all of your winnings. The casino will take quite a bit of your winnings if you are not careful. By way of example, 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 with the wheel and keep losing - right? Not so fast! If you put your bets in a casino game with a low house edge, you've got a better chance 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 percentage of your total winnings. However, if you should win eight out of ten times at home, you would walk away with seventy-eight percentage of your total bet, which is significantly more than you can expect to have at a casino where the house advantage 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 if you play the big wheel in video 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 gap in the statistical likelihood of losing and winning is what makes the virtual version worth its weight in gold. You will see that when you bet big in video casino games, you usually walk away with a significantly greater percentage of your winnings.
So what is the big wheel symbol? 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 virtual version is about two percent, meaning that when you bet on the red symbol, you basically walk away with about one hundred percent of your initial stake. But when you bet on the black symbol, you lose approximately seventy-two percentage of your initial stake.