The House Edge and Chuck-A-Luck

Casinos have a built-in advantage over other players. The "rake" (or "vig") can be as low as 2 percent. But, millions of bets can bring in enough cash to ensure that the casino is able to stay afloat. If it's an operation to sting or criminal casinos have put a great deal of money into security. To prevent this from happening, they have strict guidelines for players. Additionally, they invest in the latest technology available.

In every…