What Makes a Casino a Casino?

Casino

When you walk into a casino, you’ll likely be greeted by bright lights, freebies and lots of bling. But anyone with a grasp of math and economics knows that all that glitter gets there thanks to gambling—an activity in which almost everyone loses, courtesy of the irrevocable laws of probability.

The casino is the economic mainstay of America, and slot machines—with varying payouts and a wide range of denominations—are its most recognizable product. But American casinos also feature table games and, since the 1980s, video poker machines. Table games require a live dealer and are operated by one or more croupiers. They include blackjack, baccarat and roulette. Some, like blackjack, have the lowest establishment edge, while others, such as craps, are played with higher bet limits and therefore have a higher percentage advantage for casinos.

But it’s not just the gambling that makes a casino, it’s the whole experience. The best of the best offer a host of luxurious amenities that make it one of the most memorable places to visit.

When it comes to European casinos, there are few that compete with the sumptuous opulence of Baden-Baden’s Casino Lisboa. This lavish palace first opened its doors to European royalty and aristocrats 150 years ago. Its regal atmosphere continues today in its Belle Epoque-inspired interiors, ornate architecture and centuries-old paintings. You’ll also find a world-class spa, contemporary art gallery and three restaurants. Plus, its dazzling gaming space is the largest on this list of top casinos.