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Throughout much of human history, gambling has been an important part of cultural life. The earliest evidence of gaming dates back to 2300 BC in China, when wooden blocks were used for dice games. The first recognizable table game, baccarat, appeared in the 1400s and was quickly followed by blackjack. In modern times casinos, which are heavily regulated, have become the focus of many cultural studies.
Modern casinos, which are highly profitable businesses, typically accept all bets within a specified limit, so that a patron cannot win more than the casino can afford to pay out. The house edge varies by game; the lowest for American-style casinos is blackjack, with an advantage of 0.28%; the highest is for craps, at 1.36%. In addition to the games of chance, many casinos feature live entertainment, ranging from high-flying circus acts to top music performers.
Due to the large amount of money handled, security is a major concern for casino employees and patrons alike. The vast majority of casinos use a combination of physical security forces and specialized surveillance departments to prevent theft by either collusion or on an individual basis.