What Are the Big Wheel Symbol and How Can It Affect Blackjack Gambling Strategies?
For centuries now, gamblers from all over the world have seen the casinos of Las Vegas, counting noses at the roulette wheel, betting big on horse races and pulling lucky cards at the slot machines. But a new wave of casino games are going into the scene, bringing the attention of a whole new group of players - older ones that remember playing with those same roulette wheels at arcades and backrooms some time back. It is called the Big Wheel. And the casino game that's taking Las Vegas by storm is none apart from the Big Wheel.
Formerly named the World's largest Roulette Wheel, the hottest Big Wheel Casino is currently calling Las Vegas its home. The original Big Wheel was designed by the famous Chicago card player, Frank Lloyd Wright. Frank Lloyd Wright's genius was in developing 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 used 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 offers 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 every 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 because 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 might imagine, if there's a greater house advantage, then the casino will pay out more cash to the winners of each game - and every game could be a few minutes long.
When you place your bets, you stand a great chance of winning a percentage of your bets. But, you also stand a chance of losing some of your bets, as well. Although there are different kinds of bets in a casino, the big wheel typically offers the maximum house advantage. This is why many gamblers prefer to play with the wheel when placing their bets - they know that they have a far better probability of winning some of their stakes, but they don't have to hope that the casino takes all their winnings!
On the other hand, if you should place your bets on a casino that has a very low house edge, you have a far greater chance of losing almost all of your winnings. The casino will take quite a bit of your winnings if you are not 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 comparatively 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! 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 mentioned before, the casino pays out a certain part of your winnings, so you can expect to walk away with a substantially smaller proportion 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 edge is high.
It should also be noted that if you play the big wheel in the movie version, you stand the better chance of making some money on the long term. It stands to reason that when you play with 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 video form for six out of ten times, you stand about a ninety-five percent chance of losing all your bets. This difference in the statistical likelihood of winning and losing is what makes the digital version worth its weight in gold. You will see that when you bet big in video casino games, you usually walk away with a considerably greater percentage of your winnings.
So what's 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 digital version is about two percent, meaning that when you bet on the red emblem, you basically walk away with roughly one hundred percent of your original stake. However, when you bet on the black symbol, you lose approximately seventy-two percent of your initial stake.