Bitcoin Forum

I just googled the return percentage of online casinos and saw different percentages that doesn't seem real. A slot machine can be written to pay out 98%, but its programmed to pay 90% and it's publicized that way to attract more people to play using that slot. Though one slot could be paying out that amount in the casino, yet my point is that no casino offers 100 percent payout that means if a slot pays out 94 percent for every 100 dollar bill spent on that machine the player losses 6$ to the casino. That is if you play longer times you'll lose, and we can almost never stay atop of the slot machines after long period of plays, unless you win a jackpot. Even if you win a huge amount, you can lose. They are numerous stories of people who won the jackpot and ended up spending the whole money back on the casino within a short period, 1 or 2 years, they lost the jackpot.


Isn't it?

Jackpots are taken into account by casinos to calculate their house edge from a game of course. And they don't want to have games with negative house edge except for promotions during short periods of time. So even when you win a jackpot on a game you are not likely to make profits if you play it since very long time unfortunately. It only happens when the jackpot is worth millions times your average stake but it's quite unusual, jackpots are worth 10 000x max in general.  

Sometimes I wonder how those who won such huge jackpots still gamble everything away, this has become a popular occurrence lately and I don't know what caused that,  we are all aware of the fact that casino game machines are calibrated in such a way that house is always a hedge above the players and even if the house loses their still gain or chargeback through their backdoor mechanism, so the best way to avoid losing to the house is never to take into account how many time you play and lost only gamble what you can afford to let go, and once you hit a jackpot, give a break and spend the money on some other things aside from gambling within the period.

You are sure correct, I agree with you, casino are built to always be in profit no matter which user wins and how much the user won, as long as that user is not the only gambler playing on that casino, the casino will always make the money back from other players, this is if the gambler is one that wins and run away with his winnings, but if the gambler that won the money is a faithful gambler on that casino, then over time, the casino wil recover all the money won by that user back, plus even more from that same user..

I have friends who have won huge amount of money from casinos, kept playing and within a few weeks, they lost everything they won back to the casino and even more..

there are no rich gamblers, there are rich bookmakers, besides, if you are used to gambling well, winning the jackpot will usually disappear again in the end on the gambling machine, depending on how he manages his winnings and rarely can anyone use their jackpot money to buy something worth even on average they spend more on gambling machines

This is the reality with most gambling casinos, when you're to choose anyone of them to use then make sure you read all their conditions which were clearly stated on their privacy policy and understand them, I think this is also common in other areas aside gambling whereby they take off their return percentage from your earnings, winnings or or money borrowed as their own interests for the provisioning of the service or platform used, so this is normal and very common.

It's obvious that this winner didn't manage their winning money very well and just to gamble all the money that they have won as if giving it back to the casino itself. That's why you really need to be responsible as well once you hit that jackpot. You should learn how to invest your money very well because nothing last and it won't sustain you in the long run if you keep on gambling it away. But the problem is that they got this money from gambling itself, I mean they didn't work this ass off earning this big so they have this mentally to burn it away until it's too late and they regret not saving or investing for the long haul.

Thats how house edge works and its a very common concept or thing and this is where houses do make money which it isnt something shocking if you do ask me.If you do really make yourself believe on getting 100% then you are wrong but its impossible that gamblers wouldnt be able to realize these things but come to mind of on having that 4-10% reduction on wins isnt something big and your mind would tell that
you could easily patch it up until you do bust them all, this is why gambling business is really that profitable because people tend to ignore out these things and do still continue to play
despite of the situation and condition that they are dealing off with.

Normal thing already on a casino so I think people go there aware about this that they have more chances to lose than winning since house always have an advantage to win with this. What most important there is you enjoy the game that's why its always important that the money you spent is those what you can afford to lose.

It's already an established fact that the longer you play in one session the higher the chances you lose, whether you play online or offline, the casino edge always plays out and when it comes to slots whether you play online or offline is very hard to do a repeat of the jackpot, you should be very lucky to be able to win another jackpot in just a short period of time, if there's something like chasing your losses, there is such a thing as striking while the iron is hot in gambling, two things that gamblers need to avoid.

That's how gambling works. If not what is the revenue for the gambling platforms that keeps people entertained. If the calculation is being made every gambling platform will have the similarity in the return percentage. What one losses gets reflected as win on someone's game and this is what gambling is all about luck. More the luck more will be the chance of having better return percentage.

When we take gambling in the right way for entertainment the return percentage won't hurt us in any means. When we start reaching gambling platforms to make money we'll be experiencing downfall in all ways.

That is why gamblers should be smart when using the jackpot prize won from slot-machines. If they continue gambling, of course they are going to lose the entire prize along the months or years, without hiting another jackpot of the same size, because it's really unlikely.

If those lucky winners simply use their money wisely, making it grow through investments, they can make extra income from that and use the generated income to continue their gambling hobby. This way they aren't going to lose on long run, because thanks to gambling they achieved a lifetime extra income which allows them to maintain their gambling activity in a frequent basis.

Continuous play in a casino will end up with any player in a loss.  The only way to win in a casino is to know when to stop if you are still in profit.  The house edge is design in a way the players bankroll is slowly getting eaten by the casino.  In worst cases, anyone can play without triggering huge wins such as jackpot.


True a gambler must be smart, I read one of the members here won a dice jackpot from a casino advertised here and buy a house and lot from it.  That indeed is a smart thing to do instead of playing in a casino spending all the winnings in hope of winning the jackpot again.


The problem is, not all jackpot winners are financially literate.  They were drowned by the glory of winning huge amounts and started on their spending spree.  We can see that many lotto grand winners often ends up on the state when they had not won any and sometimes even worst because they got hooked on the lifestyle of having lots of money.

That's their house edge basically, hence why people keep saying "the house always wins" because those small amounts can accrue over time and even if you win here and there, the casino will always have a way to get those winnings from you without you even knowing. The only way to win against casinos is to know when to stop when you're ahead, and never look back no matter how tempting the jackpots may be. Casinos win because there are a lot of people out there that don't know when to stop and how to stop despite winning continuously and been given the chance to quit and forget about gambling.

Sometimes it doesn't take 1 to 2 years before losing the jackpot. For some people who win big in casinos like poker or blackjack, the server will give you free drinks for your mood.  And then they continue playing for the rest of the day.

Of the million people spent hundreds over a one arm bandit a day, never have I heard a story where a man wins a jackpot and then leaves with the full amount. The program itself cheats not just the casino.

Yes, it works like that. Casinos would always have the upper hand. It is math. It can't be wrong. Even those big jackpots, the casinos are already taking them into account. They are not like making a risk or gambling with those big jackpots they strongly promote and entice gamblers with. They know that even if somebody wins the jackpot, they will always end up with a net positive overall. Casinos are moneymaking machines. Even big prizes paid out would eventually come back to them. But this is not math anymore, this is psychology.

This is the reason before you want to gamble, make sure you must trust the slot machine or the gambling provider first.

It's true the gambler will lose in the long run due to house edge, but there's a casino have a happy hour promotion where few slots will give 100% payout since the house edge is 0%, it was really a dream promotion for any gambler. But I don't know which casino currently still have such promotion because I haven't seen it for few years recently.

Yes, the longer we play in casino the higher the chances that the house edge will caught on us.

That's why you will hear others advising that once you won already, don't stay long and quit and exit and live another day. Otherwise if you continue to chase and extend your luck, you might lose in the end.

For the slots, that's what you call RTP (Return to Player), but I'm sure most of us are not checking for it when we play slots, especially machine that is our favorite. As long as we are happy and enjoying that game, then we are all good win or lose.

Bigger bets and also you are not managing your money well like spending here and there and also giving a lot of tips to everyone. Though most people believe that if the money you earn is not hard-earned, it will vanish quickly, unlike hard-earned money. Those who win a jackpot in the slot and again play it hoping to win again are addicted to it because most people will tend to invest those huge amounts of money in business and will be staying away from gambling.

That's true @OP. The gambling business is about making a lot of money from losing gamblers. And after all, if we win, the percentage of our losses can be greater than the total number of wins we get. But unfortunately, we often don't realize that because we have seen the number of big wins we get. This makes us forget about the total defeat we experienced so that we feel we have recovered from our previous defeat. But we forget that before that, we have experienced even more defeats, even if we count how much money we spent at the gambling table and lost from the first time we played gambling.

98% RTP or 90% RTP doesn't mean that any 1 player loses $2 or $10 per hundred put into the machine but rather over the longrun all the monry put in to a machine the house will profit 2% or 10%, whatever the RTP is. Everyone should already know that slots is what keeps the lights on in a casino. Online or live doesn't matter, slots are the bread and butter.

I'm sure more gamblers wouldn't count it all out.
more gamblers play with the ambition of winning. although some do come to the casino to have fun while spending money. no one will know how much we lost in the game. but when we do win the jackpot, we must remember how much we got.
that's all I think has become humane. the casino business lives survive and also develops very rapidly because of losses from players. We must realize that even though several times the casino will give the player victory to continue playing games it will eventually eat up all the player's money. we all know that, but we enjoy it all.

But RTP cannot be obtained by gamblers who play slots at any time, RTP will really be real in every first game because after that maybe RTP can't be fully valid anymore.
We can take advantage of the RTP in slot games by playing it in all types of slot games for the first time and each type can only be played once to be able to get the RTP.
However, if we use this method to get RTP, it will be even more difficult for us to be able to successfully win and get jackpots and profits in larger numbers.

  We all know that no casino will return 100% of the bet of gamblers who enter their gambling platform here in the crypto space. That's why the online casino game is just a matter of luck. There is no talk of gambling skills such as slots, other than the poker game.

Then the only thing I see that is basic is that when you win in your game, it is a sign that you stop playing that day because if you give up on playing the game, the result will be defeat in the end and many people have experienced this kind of thing. situation and I are included in it.

I knew that for land-based casinos the most profitable thing for the casino is slots but I wasn't sure if it would be the same online. From what you say it seems to me that it is.


Are you accusing them of falsifying data? I don't know, I find it strange in this day and age when a lot of data can be checked.


Congratulations! You just understood how it works! One thing is the RTP and another thing is the composite percentage of that RTP. If the RTP is 95 and you bet 100 on slots, let's say for the sake of argument you get 95 back. What do many people do? They bet them back. And what do you get in this case? 90,25. If you re-bet them, you get 85.7375. As you can see, re-betting makes your capital tend to 0.

Money without financial knowledge is soon parted, it's not surprising if money gotten from gambling is soon gone. 

Even then, taxes make you end up with lot less that original amount won.

I don't think there's a RTP expiration and the provider need to update the new RTP because if they not change anything about the system and they're still using a same provably fair, the RTP wouldn't changed even though when you have a different experience when you play the slot in last 2-3 years and the current year.

They can write the RTP % because they have test the slot for a long time and calculate it to get the average return.

Slots are slots man. You keep playing them and you will lose, that's 100% a guarantee. Casinos want people playing slots, yes some will win but overall most players will lose and they know it.

If it were a slot game, it would be difficult for us to get a big win or even the jackpot. Many gamblers won't get it.
This type of slot game that depends on luck will eat up all your money unless you can control yourself and determine how much money you want to use for gambling.
And it is true that the longer we play slots, the bigger our losses can be, especially if we increase each bet for each round.
And even though we have been able to win large amounts of money, we are still losing money but don't realize it.

It is and that's the reality of gambling. Regardless of how much of a percentage the casino takes from your winning as an house edge, we always lose in the long run. If you keep track of all the money the casino accumulated from your betting, your total winnings would usually fall short than what you spent on betting. The longer you bet, the more It's becoming impossible for you to take back all the money you spent from gambling since day 1.
Therefore, we are always gonna be the loser, though we won some jackpot at one point, but we keep coming back to gamble.

There are obvious reasons for casinos to set slot machines to not hand money more than they got. They have business to operate so. They need to make money to keep gambling business going. Its reason why people suggest to gamblers never keep gambling in limitless manner. Its better to gamble when you want to, through slot machines. Obviously sports betting is different than this. But device game gambling of all kinds including slots must be tried sometimes and to be left after you win or lose. Doesn't matter how much you win or lose.

It is without doubt that casinos are built in a way to always keep them in profit and just as every other business, they also want to be in profit and also stay relevant in the market.
Most times I still wonder how these casinos manage to survive even after offering a 90 percent Cashback and I just feel it's because they know they'll definitely still have to get the money back.
I was also wondering how will someone win a jackpot with a very reasonable amount and still gamble all of it away and this very case has become very common and it is also a case for concern.

I think it has to do with their self concept, psychologically a person cannot handle more money than they expected. The jackpot will burn a hole in the player's pocket, he'll try as much as possible to spend the money down to the amount he was expecting. These things happens to almost every human brain and requires self discipline to control. I'm indeed impressed with the responses on this thread, they're quality and I learnt so much from them.

It's all business what can we expect? If we won't lose then who will? I doubt the online gambling sites will be martyrs to just take all the beating and never say anything.
For years I have been in the gambling industry I can never say I am a winner. I may be part of those who just lose lesser than other gamblers because I can still control it.
But, I never hit the jackpot yet so I am still at the part where there is hope that someday I could hit it.
Just last week I felt some win in plinko but there's this thought of pushing it further to try and hit the x1000 but after 5000 bets it won't still come out.
I think that "hope" is what keeps people gambling even if you provide them with facts about those percentages and numbers that you said.

I'm not sure what is correct to calculate % from every hundred. The casino will give some part, it should be so, but it will be a very small part according to some specific algorithm. You need to understand that the casino will always win, and some player's win is a matter of chance. I like bets more, because in this case the result depends on me a lot more.

Very true.

The percentage of a gambler going back to gamble with everything he had taken from the casino is surely a lot. Those wins have built our confidence and made us more want to win if ever we'll be back again.

That's why it's highly recommended that whenever we're able to win, take as much as you can and allocate again a budget if you ever want to gamble again.

The RTP is meant for the general players playing on the casino at the same time and not every 100$ spend on it. With 95% RTP, Casino can guarantee 5% profit for every certain amount of money spend on the slot by different user.  Slot machine needs to get the 95% of the target money before it can return to the player in random percentage basis. This way casino will never lose since its using other players money to payout winner player.

We all know that casino is not a charity. They have a sure profit in every game and slots is there main source of income due to its fast phase game and high house edge.

It make more sense for gambler to take a high percentage off whenever they win big or any amount of winning, let this practice master player who are constant visitors to casinos, that way, even if you lose your next bet, you will be sure you end up with something at least.
How does this percentage taking work for me:
- last week I placed a bet on a football match and luckily for me I won seven thousand nairas in my local currency,  so I withdraw #5,000 into my bank account and I left a balance of #2,000 in my casino wallet balance to continue to bet with, but at the end of the day I lost everything on the next bet so the only amount I walk away with was 5,000 that I did the percentage withdraw of, this gave me a lot of relief and joy to know that I ended up with something.

The return percentage, also known as the payout percentage or return to player (RTP) percentage, is a measure of how much money an online casino pays out to players as compared to the total amount of money that players wager. It is typically expressed as a percentage, with a higher percentage indicating a higher payout rate. Online casinos will typically advertise their RTP percentages, but it's important to note that these percentages can be misleading. The RTP percentages that you see advertised on an online casino's website are often the theoretical payout percentage, which is calculated over many spins or hands and is not representative of the payout percentage of any individual player.

Additionally, the RTP percentage can vary from game to game and from casino to casino. Some casinos may have a lower RTP percentage for certain games, while others may have a higher RTP percentage for the same games. It's also important to be aware that some casinos may not be entirely honest about their RTP percentages, so it's important to do your own research and read reviews from reputable sources before depositing any money. It's also worth noting that online casinos are not a get-rich-quick scheme and even if the RTP is high, it's not a guarantee that you will win.

First of all, a gambling site is a business. Of ourse they need to take profit from every transaction to keep their business running. And I'm just fine with that as long as it won't be as big as 10% of my winnings because that would be unfair already. Winning is not something which would come on a player's edge thu, it would also be okay to expect a high return but not to the extent that the casino won't get anything from it. Some would say the casino is already getting an amount from deposits. But that won't be enough to pay their duties and to keep a casino alive so I think we should let a rightful amount slide for the platform itself.

Physical or online casinos are businesses and they will always have to make a profit from lossing players because that's how they run their business continuously. They have a lot to maintain and workers to pay so they have to make money from their business by any means.
That's why it is wiser to run and stop after winning a good amount of profit rather than continuously bet because there will still be a higher chance of losing everything. Losing a good amount of winnings usually happens to greedy and uncontented players believing that they can have the same luck again.

Casinos depend on the people's return for cashflow. They know that at some point, winners will return to their premises and bet again, even if they won jackpots. It's just the way things go. Most of these jackpot winners end up losing their money to the same casino/people who gave them the prize because of poor cash management. Then end up betting again, chasing their luck on a win that you might as well expect would never come. You aren't supposed to turn a profit in betting within a casino in the first place, that's why I always advocate for gambling for entertainment only, never for profit. Because at the end of the day you'll end up disappointed and penniless when you gamble for profit.

It will be impossible for a casino to release money for winners without taking funds for losses. The casino relies on its bettors and our losses will be their way to make a profit. Without our losses, they can't finance the jackpot prizes. That's the cycle of casinos and we can't blame them for making money out of our bets. Expect that we are spending in all our losses and it is already our part to be responsible iforit.

In as much as it is business, you don't  expect a business owner to lose or continue running on losses, if it is so, then no one will want to own casino. But for the rush to own gambling companies should tell you how much gain that is in it.
If you really want to make big money, own a casino and don't be a gambler. Gambling is for fun and not a steady flow of income.

Maybe there are several types of slot games that are very rarely interested in and played so there is an expired RTP that needs to be updated by the casino management team, given that there are so many types of slot games that it is impossible for all types of slot games to be of interest to all gamblers and the average the average gambler will only play on the type of slot that can and often gives them a win or jackpot.
So I think you can understand and understand if there is an expired %RTP in a slot that is updated too late by the management team.

Yes. I totally agree with you on this very statement of yours, because there is a lot of people who have got so emotional, while letting a single winning get them carried away, to the point of thinking that because they just won, if only they keep playing, they can equally win more, which most times always end up in tears.  
Henceforth, there is one thing people who gamble need to understand that winning is not always constant, and for that reason, we should always learn to be discipline enough to know when to stop while gambling and walk home with the little fund you have won, or get carried away and work home empty handed.. (The choice is yours)

It cannot be denied that this is gambling, but to prevent more problems, of course every gambler is expected to gamble responsibly.

I think almost every crypto casino has such advice and reminders for their customers, for example Rollbit warns every user of its site to gamble responsibly. It's a small part of self-control efforts, so that gamblers really realize that gambling is entertainment, fun and excitement.

More: GAMBLING WITH RESPONSIBILITY (https://rollbit.com/responsible-gaming)

That's the whole idea behind the gambling business. If you were winning in the long run against the house, the house wouldn't exist. If the house dies, then where are you going to play at? In gambling, money only moves to one direction: From the players' pocket to the casino.

Jackpot winners are as rare as the lottery winners because they have pretty much the same chances to win (which is very slim). We can't include them in our calculations.

The casino is there to make money, that's how they make a living. The player has only one choice in the long run: Losing.

That might be considered false advertising but I cannot say for sure since I am not a lawyer nor do I have the specific knowledge about which casinos are subject to which countries laws. What I can say for certainty is that online gambling casinos, just as offline gambling casinos are subject to strict regulations and check-ups. It would not be easy for a legitimate casino to actually break these rules and regulations without repercussions. As far as the mechanism for return percentage, I think that is all in the algorithm which decides the house edge. Obviously the house will always win. Its simple mathematical probabilities.

Well, they're a casino and as they say and not a charity so they have to earn from something they offer and that's through the games that they've got.

It's true that without our losses, they can't make a revenue and they can't continue to operate. That's why their main source of income is to earn from our losses and that's an essential thing and no longer a secret.

Yeah, as long as they're just deposits, it's still not their assets unless it's used to play for their games.

I think that the RTP,the return to player is clearly explained from the slot provider and this most likely is like 95-98% and usually slot providers do not lie otherwise they lose potential customers.Play n Go for example one of the many slot providers out there makes really a lot of slot machines and most of them are programmed at a fixed return to player percentage like usually in 95-97% yet sometime they give in the option to casinos only in specific slots they make to use changeable return to player percentage,for example one slot that is my all time favorite from them named "The Green Knight" has three RTP options from 84.xx% up to 96.xx% and it is up to the casino to program it the way you want but the provider is not "cheating" they make it clear that this game has different RTP options so it is up to the player to read the description in the casino offering the game at what RTP they are operating the slot.

RTP to kick in needs truly a lot of spins but on the long run we already know that the house edge which is the advantage from the RTP to the casino house is there to make them profit in the long run and consequently for us gamblers to lose money on the long run,we should play to hit that maximum payline or the jackpot and move on to another slot.

We won't see more casino houses that being introduced from time to time if the owners are losing from this kind of business, they are gaining a lot especially those who are already got an established platform as they just simply waiting for gamblers to play and even there are gamblers who can win but the percentage of those who are losing are far greater than those who manage to control and win.

Your last statement was true, if you want to earn big be a casino owner, if you have the knowledge and the budget to run your own casino house, it's far better than being a gambler who always risking their funds each time they play.

Of course, that's how a casino is built, its for those suckers who want to lose their money (including myself), so we all play without thinking the numbers and the house edge. And then we complain later after we all lost to that casino.  ;D

So we should be wise as well, if we think that we have won already, no need to be greedy or something. You can't take the house and win every time.

And that's why there are also games that include skills and that's where our chances are good like Poker and sports betting and not those luck base games like slot machines.

There are some gamblers who wins more compare to their losses and this will always depend on your luck because its not possible that every gambler will win, some will be the sacrificed just to pay the winnings of the luckiest gamblers. If your percentage is not that good for the whole year, then you might consider to stop for a while and analyze what is wrong with your gambling, if you’re not into a profit then its fine but if you depend on profit with gambling, then it will be hard for you because the house will always win against the gamblers.

It should be obvious for anyone who sees a casino that they will have to add their fees whenever they can. They have the building to maintain, machines have to be fixed, everything uses electricity, and so on.
Jackpots are announced with lights and sounds to make everybody know and feel attracted to the game. When you see someone win you feel like you can do it too and then after many games reality kicks in and you either get into denial and withdraw more money to play, or you go home empty handed.

For a business like this then its no surprise and as a gambler then you should really make yourself that aware or having that kind of control that everythings do looks fancy for you to be that interest on playing

and this is where their primary motive do kicks on on which they would really be trying out their best on pulling money out of their customers pocket.This is why they would really be making everything do looks
colorful or something that would be poking up your interest and curiosity.

It is really that a common behavior that you would be trying out those games if ever you do see one is winning some significant amount which is a common reaction.

It's profit making machine, hehehe, that's why who invented casinos are brilliant because you will not lose business wise.

And that's why we have seen like the mob and all the billionaires are investing some kind of money in casinos because of the profit that they are going to get as the house edge will be the key breaker for any gambler. If they dont know anything about it then, they will keep on playing in the long run and losses everything. And they know how to attract gamblers, giving them perks and everything and we thought that it's a good deal. But games like slot machines which doesn't favor gamblers are the worst, but we are all playing it eventhough the RTP is not on our side.

^For the owner of the machine but not making a profit for the gambler.
If that kind of business won't profitable to them, I think they are slowly dying but yet, look at them now, the number has been increasing those who owned slot machines, even the online slot the grown like a mushroom that keeps coming up. So I think they are very profitable businesses, and those who gamble and fight against the house edge will most likely lose in the end, the more you will time you will spend the more chances of losing you have, that is the fact.

Hmmmm....
That's actually true though... Everytime a single bet is placed, the percentage goes to the slot ( these tends not to happen in every casino because I never experienced an direct percentage calculus immediately when games are lost, No! Instead, the branch casino make returns to the slot in either weekly basis or monthly -- as the case might be.
I've also witnessed alot of cases where the funds claimed by those bet-freaks are being wagered back and sometimes, they end up leaving with a little or nothing at all....shiiiiii...!!! I feel that's where self-control shoulda been applied but they aren't usually attractive to what anyone says -- mostly when they've been drunk by those illusions on the viewers screen.

Sandra 🧑‍🦰

It is possible to make money playing at casinos even though most casino games have this house edge as there are some strategies and techniques that players can use to minimize losses and increase the chances of winning money.

For example, playing games like blackjack and poker where skill plays a major role, using effective money management techniques, and avoiding games like roulette and slot machines where luck is the main factor.

In addition, playing at an online casino is already a very good alternative compared to physical casinos, as the odds are usually better.
Sports betting can also be more profitable than casino games, if you like a particular sport, because more information is available about sports teams and their performances, making predictions more accurate.

However, it is important to remember that betting on sports is still a form of betting and there are always risks and uncertainties involved. It is important to be aware of these risks and never bet more than you can afford to lose.

that's true, just look at the slots provider and you can't count them all now. but for casino owners, better employ trusted slots providers. for gamblers, they usually check the RTPs. so this feature should always be available from the slots provider.
gambling is a money making business. but if you don't know what you're doing, you can also go bankrupt in this business. just look at some online casinos here that were abandoned already.

because slot games only have a small chance of winning and the luck that gets there is very rare for getting the jackpot.
actually a Slot game for me is not completely there will be RTP. I mean when I spend $100 in one of the Slot games, sometimes the RTP doesn't work and only 5% returns I get. many times I'm like that but after that usually there will be a return + profit that is around 50%. And even more careless, sometimes gamblers, if they have benefited from Slots or got jackpots from Slots, they will continue to play with increased curiosity and dopamine in the brain.
and actually the way to spend money faster for me is in slot games but the opportunity to get big wins is also in slot games.

It's because you're not keep gamble for really long with your initial bankroll and in the same game, the RTP rate is expected if you gamble for long and not only for 100x wager, it might 1000x wager or more to calculate the right RTP. It's similar like you bet all of your bankroll in one spin, you might lose all of your money or you might get a lot of money, which make you're not care with the RTP rate.

The way I understand this is as follows...

The return to player (RTP) are configured by the third party Slot provider and cannot be easily changed, but some casinos have their own original games with very good RTP. (They can alter the RTP very quickly on their own games, with the push of a few buttons)

Now for us to determine what the configured RTP for a Slot are... is almost impossible, because you need to do over 1 million bets to determine the RTP.... and they might have changed the RTP, while you were doing that. The cost is also very expensive to do that... (say you do 1 000 000 bets of $0.10 each, then you might spend almost $100 000 for that test)  ::)

The casinos have to make profit or they will have to close their doors.... but we need to have some cheap and fast option to verify their RTP. (Total transparency are needed)  :P

But to own a casino, you need a lot of money. I don't know how much exactly but we're talking hundreds of thousands of dollars or even more, so not everyone can make that casino. In addition, it is not easy to run a casino because there will be stiff competition among casinos.

And in the meantime, we can only play gambling in their casino without having the opportunity to create a casino. But we will indeed continue to lose money if we continue to play gambling at the casino and for that, we must be able to take advantage of our time to play and rest so we don't lose a lot of money.

Money wins gambling bets/hot jackpots, you can't be calm before spending everything you win, I don't speak for other people, I experienced it myself, sleeping uncomfortable, spending doesn't feel, whatever, what you want to do with the money win the jackpot is not calm, before I re-bet.

Winning a jackpot/gambling is like sleeping with a beautiful woman, once you try to get addicted, once you win you want to try again, that's gambling, the percentage of losing without realizing it is 90%, 10% return, if you don't believe me just ask the person who really gambled how much money he spent and how much money he won on the bet, even if it's a jackpot.

For that, try to gamble with the hot money you get, even though losing is naturally hot vs. hot.

Because of two things hoping to win the jackpot again and addiction, we are more addictive and motivate to gamble more because we have tasted winning the jackpot,we are not aware of it until we compute that we lose the jackpot that we've won.
It really hurt calculating what we've loss that what we've won, but if we are playing within our means and treat gambling as entertainment that will be our consolation, so don't expect because you've won the jackpot you've beat the house, because house will get it back  eventually through time.

Most of us go back to the casino again and again, no matter how much money we have lost or won before. It seems to me that only a crazy person does not understand that casinos will not operate at a loss. Any gambling assumes that in the long run the gambler will lose his money. In order not to lose large sums you need to learn to play for fun and limit your gambling budget. Otherwise you can lose a lot and we all know such examples.

I think the third party is the casino, and they program some slot machine to pay out as they've written on the slot machine, but we must be careful to determine, which slot pays out our desired RTP. Some gamblers don't stick to one machine, in real casino, hoping to find the best machine, and it's the wrong practice. What matters is that we would lose, and jumping from machine to another to determine how they're programmed won't help anybody. So, instead of testing with $100,000, focusing on enjoying the game with 100k would help us stay longer or gamble responsibly. The most important part is scheduling our money in a way that'll it'll carry us for longer periods, not throwing them all in one sitting.

That's how the gambling casino earn of course if they make 100 per cent of the win rate it's a huge loss to them that's why still they are giving a chance of winning to the players even though its above 90 per cent there's a chance still players lose the game, those lucky people are the one who experiences this high chance of winning the game, that's the reason why they keep continuously playing sometimes it shows up a good multiplier upon playing more games. But of course if you hit a good jackpot and being greedy makes your game ruin.

If you monitor your activities, you can easily know the percentage of your winnings versus your losses, and as a gambler you can't expect to always win because the casinos is designed for the lucky players and for the benefit of the house of course. The return might be low in gambling because profit is not guaranteed and if you are being too careless with your bets, you might lose more. The casinos have to be more fair though so they can retain the players and attract new players.

Slots are games based on luck regardless of whether the owner has arranged the machine in such way or as fair as possible. You just have to be aware of it and play an amount that you can afford to lose. I tend to play slots to some extent when I'm relaxed and only when I'm resting. No need to spend hours, but 30 minutes for the deposit limit amount is entertaining enough.

Instead of slots I guess sports betting is much nicer to look forward to. But it all depends on the interests of each gambler, as long as they are happy then it doesn't matter.

Exactly, at first it is too tiring and to boring to monitor your daily bets or transactions but then a proper book keeping I mean if this is the right term, a proper book keeping will give us a lot of help if we want to have a good discipline in gambling. We can avoid too much losses as well, only if we really don't want to lose too much I mean if we encounter a streak or loses then we should rest and gamble in next week, don't act too much to it and don't try to get it back all, it will only lead to more issues.

And by spending your 100k and getting to know their RTP you get nothing in return, because what are you going to do with that knowledge? Stop playing? You've already spent so much that they couldn't care less about you leaving.
If RTP was really something that could help you strategize... but there's no strategy in slots. You push a button or pull a lever and hope for the best.
It's true they have to make money or go out of business and the trick is to make just enough so that the players keep thinking they stand a chance ;)

Talking about return percentage, it's a privilege and not a mist every casino must give, when you receive one and continue to gamble till you loose everything you won over time then it's left to you as your choice, gambling is fun quite alright but we must engage doing things that will always make it fun to us and not turn into sadness, part of which is expected of us to adequately plan our gambling lifestyle right to the best of our own interest, this is one of the ways you can get the best satisfaction in gambling when you're contempted and planned as expected.

That's why you always have to make sure that your spendings are in check, otherwise even if you win against the casino, your greediness will lead you to lose it all just because you haven't stopped when you're ahead. The high % of wins on the side of the player, on paper, might seem like a good deal. But in reality it's really in favor of the casino because that less than 1% will always eat out the winnings of gamblers in the long run. You can never really disregard those small percentages because that's what's going to bite you in the end.

I've heard countless stories that those people who have won the lottery in my country ended up with nothing just after a few years. Note that they've got a huge winning around $270k in today's time and they've just spent it all within less than five years. It was from several years ago and then inflation back then wasn't that much and that amount is really quite big to spend with. The saddest story that I've heard, that lottery winner spent all of his winnings from luxury and didn't even managed to save for his future.

Do people really not realize this is how casinos work? Did you believe they paid out 100%? Obviously they make money or they wouldn’t be in business. Beating the odds is the dream of every gambler and why casinos are always so busy. Don’t kid yourself though, all the costs of running a casino and profits to their owners are paid from gambling losses. If you play long enough, you will lose. It’s the way casinos work…

You are absolutely correct, but I can tell you that majority of gambler don't realize this, and because majority(if not all) of gamblers don't keep a gambling record, they may never realize that they are loosing more to the casino, than they are winning from them.

But for me personally, I don't know about other people out there, the sure profit of gambling is the fun in it, the cruise, the relaxation that comes with it, aside this, it is really hard to make profit against a casino in the long term of gambling, and this makes me wonder sometimes, how professional gamblers make a living off gambling, since professional means that is what they do for a living.

It will always be termed a loss at the end since you gamble out the entire fund including the return percentage and the winning amounts back into gambling with the hope of getting more in addition to the ones on ground ready, tgis is one of the tricks that gamblers were never careful of whenever they are gambling, don't take the risk do high, gambles moderately, and avoid returning your fund back to gambling either at once or gradually because with time it will all end one day.

There isn't a casino out there that offers a 100% RTP. A casino without a house edge is a charity.

Different games have different RTP's and slots are just about the worst game you could play and it's a commonality at every casino. If you're playing at a legitimate casino the software used on slots will guarantee the casino a payout over time so as long as the spins are verifiable then there shouldn't be an issue. Table games will generally have the same house edge regardless of the casino because the math works out the same using standard decks of playing cards. The only modifications of the house edge that you might see are modified payouts which will increase the house edge (ie 3:2 blackjack and 6:5 blackjack).

To be honest, I did not understand what the essence of your question is. Gamblers lose because of the advantage (margin) of the casino. If a person suffers from gambling addiction, then no matter how much money he wins, there is a great chance that he will spend it on what he loves - gambling, that is, will lose it.
So... everyone knows this and you want to clarify once again if this is true?

The misery is just too hidden that we might not understand. Gambling is a spirit we need to train our mind to follow and embrace what our heart beat. The slot machine had different configurations and sometimes we might be deceived that the slot machine could pay 100% which is not true. That is just a written words that does not have ana atom of truth.

 Every casino is look for a potential customers that would bring other gamblers to there platforms though different means to enhance for use of there platform. We just need to be wise when we are taking decision so that we will not be decieved easily on what is not right.

True being addicted to gambling will render a person helpless and continue to gamble.  So it is already given that once a player got addicted he will lose all his money due to the uncontrolled urge to gamble.  But I think @OP is not talking about being addicted.  I think he is saying that house edge will eat up our money in the long run of playing in the platform.  Just like in a return percentage of 96% in every $100 bet.  Eventually our bankroll will get depleted because there is a constant outflow of 4% from our bankroll in every $100  worth of wagering.

that's why gambling business is a very lucrative one if the owners know how to handle this kind of business. that's the given fact already. but of course, gamblers will always hope that one day they will hit the jackpot. if you want to gamble, make sure that you are emotionally and financially ready to lose all. after all, it is gambling.

Gambling owners would really be taking that kind of opportunity or taking that advantage for them to make profits or revenue out of peoples perception and beliefs on mind about making money on

gambling.If it was never been that profitable then we wont be seeing this industry on being this big.Of course they are running a business and it would be normal that they would really be snipping out

small percentage house edge which is very typical.What wrong is here that people is really indeed pushing up themselves on trying to be profitable and winning which is
the main mistake on why people do end up on being wrekt.

And if someone is trying to think about that, it won't happen as it's really impossible to make.

True to that, it's a matter of fact.

Good for you because there go those gamblers that whenever they hit a jackpot or big, that makes them more confident and want to gamble more. In the end, the profit they've made is being able to be recovered by the casino.

We all know that casinos have very high chances of winning in the long term. The house edge tells us how much the casino will win on average. And the longer you play, the closer you will be to losing with a house edge.
and it is no surprise that the casinos have an inherent advantage in their games, the casinos don't beat the players because they are lucky, and they beat the players because the odds are in their favor. In gambling we must be mentally prepared when we lose and the point is we must be equipped with self-control so that there are limits when betting.

But that is common knowledge, a casino like any other business needs to make money to keep themselves open, so on each one of their games they give themselves an edge so over the long run they can beat the players, some gamblers may see this as unfair but every business works this way, if you buy a product online which cost you 100 dollars do you actually believe such a product took 100 dollars to make? It took way less and the difference between the price at which it was sold and the price to make it are the profits the seller keeps for themselves.

But hitting the jackpot only happens rarely, right? So it means that if someone hits the jackpot, the owner still has no problem with this as he already gains a ton of profit over time, and for sure that jackpot should be in their hands and waiting for someone to win it. Gambling is a profitable business, so I am not shocked that a lot of investors from other countries before COVID came here to our country to build casinos, as a lot of people play and hope to win. But again, we already know that in the casino they mostly win, so let's just play what we can afford to lose.

That's pretty normal, why should a casino even pay out 100%? They can't afford it, or where else would they make a profit to run the casino. Casinos are private companies that need to make a profit to exist. Buying slot machines, renting a place, paying taxes and electricity all costs money. The online casino needs to run a website, have IT security and support staff and also pay taxes and electricity. We shouldn't feel bad about not getting back 100%, as this would also be no guarantee for us to get all our money back. There is still randomness involved and this will only make the jackpots a little bigger, but not change our chances of winning much.

There is no such thing as 100% payback and that is completely normal.The reason is that without the house edge which is also the equivalent of the return to player a casino would fail as they have costs to maintain their staff and I am talking about online casinos because offline ones have even a much smaller return to the player ratio because of much higher costs to run a physical casino compared to an online one.

What we should know is that if we hit it big during our session which is completely luck related in slot machines is that when we achieve it we run away from that slot as in the long term is projected to take those winnings back.A slot machine uses a RNG -Random Number Generator and that adds to that randomness which we all go after in hopes of hitting it big,that is the best to do while playing slot machines and while we are losing it is best to quit and try a couple of days later.

What you say is true because, in the end, it is the casino that will win and we shouldn't be playing gambling for too long because it can make us forget to keep control. This is why many people suffer defeat in the long run, especially if they use a lot of money. They can lose all their money if they don't decide to stop soon.

As self-controlled people, we should be able to keep ourselves from spending too much money. We also have to know that the casino is a winner in the long term. So we do not have to take too big a risk with the chance of losing all our money.

Other gambler forget about keeping theirselves stay in cool since sometimes they decide to extend their playing time because sometimes they hope to win more or recover they losses. And this is not good decision to take since we as experience if we having a bad day we are continuously losing then lose our focus that's why we do nonsense decision then bet huge since we think we can cover up those immediately, Also with winning we became greedy to think that we can earn huge that's why in the end we caught up and lose everything we earn that's why its still best to know when to quit since this is effective way to earn on gambling.

It's all about being responsible. If you know how to control and how to limit yourself, the chance of winning is high. The shorter you stay, the better the chance of withdrawing some decent amount of earnings. The temptation of continuing the game while winning is always inside you, and that's mostly happened to every gambler who enjoys playing the game.

Considering the H.E, in the long-run casino owner will win!

The thing is, if you're attracted to playing slot machine type games - you've already lost. The percentage that they let you win is almost irrelevant because people get so "in the zone" that they have a tendency to keep playing until everything is lost. It is basically a game for losers and nobody with any sense should really be playing them. It's fine if you want to drop a dollar or two on ten cent spins, but any more than that and it's an exercise in futility. Keep in mind that a casino will intentionally program their games to show you a few wins in the first 10 or 20 spins, but then their normal algorithm will kick in to take it all back from you. There are much better ways to make money.

mistakes like that are often made by gamblers. hope that the wins they have won in a short time will continue to grow for a longer time. whereas the Casino will take those winnings and more of the remaining money from the gambler.
I think every gambler thinks about it all, and it's quite difficult to control it. the gambler only plays to satisfy the passion he has for the game. even if winning in a short time, it will not give satisfaction when what they are after is satisfaction in the game.

I agree because it was proven and always been proven time and again, you will hurt yourself if you record the jackpot you've won, those few times you won big but lost a lot of times, the thing is, you sometimes win big but lose most of the time so if you do the math and you check all your bankroll and betting records you lose all your jackpot and you even lose more money, so it's better to play only what you can afford to lose, and enjoy the game even if you know that your losses are higher than your winnings, this is gambling, you don't expect to win but you need to enjoy winning or losing.

Yes @op and I think all gamblers (if not most) already know this fact. The specific term for this is called "House Edge" the HE differs from each games. Some are high and some are low but despite of it, many gamblers still can't resist their addiction. They won't stop until they win a really huge amount or lose all their balances. There are casinos who set their house edges to the highest level but it's obvious because casinos are kinda similar when it comes to this matter.

If I see a casino like that which aren't fair, ill automatically avoid them. The stories you heard are true because even we normal gamblers already experienced it even if we haven't win the jackpot yet, just a sufficient amount but we can't help it to keep coming back in our favourite casinos.

According to statistics, a casino or sports betting office should always win. But those are just statistics. And not everyone gambles with the same amounts. This is often not included in the calculations. If you keep gambling long enough, a casino will always keep winning because players rely too much on luck. That will always be the case with gambling, in the long run the luck will turn against you and then you will lose a lot of money and perhaps even go bankrupt. I think the ROI is something like 45% while at 50-50 it should be 50%.

Luck is not really a valid basis on stats. The reason why house always wins is because of the house edge. Players will surely lose in the long run because of their limited bank roll while the house keeps killing em slowly. The greediness of gamblers makes the loss intensify due to chasing losses.

Casino only rely on house edge and their huge bankroll that sufficient to make the casino alive while getting passive profit from the house edge in the long run.

If we know and enter the crypto gambling industry for a long time, we can indirectly distinguish which casinos are truly trustworthy and reliable. In fact, we can find out whether all types of games or bets in them are fair or not.
So it will be very easy for us to choose a decent casino and avoid casinos that are not suitable for us to use.
I'm sure every gambler must have a list of casinos that he really trusts and is the most favorite casino to use.
Even though there are indeed many trusted and most popular casinos, all of them definitely have their own advantages.

It may be applicable to some... or most casinos. But I believe we can verify the RTP set with a slot.
Anyways, it is not always that we will lose in the long run. There are times when we'll lose right from the start of the gambling session until the balance got depleted.
From my experience though, most of the losing sessions are win first then lose over time, just like what you are saying.

If you play casino games online, the house always wins, but, if you visit a land based casino and sit down at a poker table, it is a matter of your level of experience as a poker player. Why? This is because your competition is not against the house but against other poker players (http://sg.news.yahoo.com/no-easy-money-pro-poker-player-s...ament-112205113.html) whose sole purpose is to take your money.

something that has been seen for many years is that in casinos people always enter with money and leave in poverty, which is scary and that this is not limited only to the  Gambling that are in the casinos, also in the lottery games the people win the jackpot in a few years they become poor again, and what even scares me is that these people are poorer than before they won the lottery on many tv channels, newspapers and debate already tried - to debate about this subject to try to understand why this has happened and no satisfactory conclusion was reached, so by that I mean that whatever  Gambling are, at the end of the day only the owner of the  Gambling will make a profit, in the case of slot machines, only the owner of the machine will make a profit

this reminds me that in my country there were many slot machines in every corner, so one day the government arrested all the machines and when they opened the machines they found a lot of money inside them, honestly it seems that those machines were the biggest catalysts for people to stay in cash

In gambling the house is always the winner no matter whether you play online or visit the real casino. In the long run its the house that takes most of your money and the gamblers are the one who keep feeding these platforms. If you do gambling then keep this thing in your mind. I haven't read story of any gambler who has beaten the platform in the long run.

Yup, or also in addition to that, greed mostly comes out inside of them and lead them to push for more winnings, instead of being contented and satisfied with the good run, they will continue to proceed thinking that they can outrun the house and they can continue growing their bankroll, a big mistake only be realize once all the money was already gone.

When they already lose everything back, including the actual bankroll that they've deposited, that's the only time that they will feel regrets and hope that they've stopped before things happened to them.

But then, I've read stories of people who were so lucky on their first or second day of gambling, that is they won some huge amount of money running into hundreds of thousands of dollars, cashed out and never gambled returned to gambling again.
Such a person can be said to have beaten the casino, since they are no longer there for casino to win their money back from  the gambler, but the sure thing is that, the casino will still make that money back from other gamblers...
But in conclusion, to beat a casino takes wisdom and luck.

Users don't lose, it's the rules of the game, let's start with the percentage of the house they tell you, it varies according to the game, so you assume or know that for every 100 you leave a 1% commission to the casino.  (E.g.)

So as a player you have fun or try to play to hit a multiplier that takes you out of that strip.

Eventually, in the long term, if these variations do not occur in your favor, you fall at the indicated point, it is mere mathematics, hence the phrase the house never loses and the casino also depends on that long term, but it has 1% insured (for example, can be any other)

That is why the game of Poker is so popular because it allows you to be a winner in the long term, difficult, but it is more feasible to profit.

Well, the first question and the second are widely known to those who are generally interested in this topic. I can't figure out what the OP wanted. If he wants to refute well-known facts, then he must make some arguments, and if he expects everyone to confirm common truths, then this is very strange.

I have not found gamblers after high winnings will leave gambling, the fact is gamblers still allocate at least 20% of the winnings to be played gambling again hoping for other benefits, but if the gambler can run away with his winnings then I make sure he is not a gambling addict and maybe when his luck has got high win. Whoever wins high wins must withdraw funds so that you will not lose the funds you already have.

Exactly, having the term of the house always win doesn't mean that the users or gamblers will lose rather it just mean that the house has always the advantage depending on which game it is.
Just as you've mentioned with the multiplier, you'll notice that it is not always 50/50 for the house and the gambler but rather they have more. Example is when you try to play any dice game that has a times 2 multiplier but the odds will shows much lower than 50%

Almost every gambler after a win won't leave withdrawing the funds. They'll keep aside little to continue gambling and I've similar experience losing the entire winning. After a win of $100 I withdrew $60 and kept the $40 to continue my wager. Here I wasn't able to win and lost the balance $40. This made me go for further deposit and wager. On continuing the similar activity lost the entire funds. Mostly this kind of activity takes place with most of the gamblers.

If they decide to extend their playing time, there is no guarantee they will win more or recover their losses, so it would be better if they decide to quit soon for their own good. We must have had previous experiences where we can learn from that experience so that it doesn't happen again. And if we are not swayed by the temptation to continue the game, our loss will not be much either, but it depends on how many rounds we use. And in the end, only the people who can prevent themselves from incurring bigger losses can keep their money.

And we know that the temptation will always be beside us and will keep whispering, "we will win the next round." Only those who can really control themselves can save themselves from this temptation, even though they will return to the casino a few days later. But at least they have managed to resist the urge not to continue gambling and use even more money.

In the long term, gaming institutions often have an advantage over players. However, keep in mind that everyone's gaming experience and budget is unique. Some players may have larger bankrolls and can afford to play for longer periods of time, but others may have a lesser budget and must be more cautious with their wagers. Furthermore, bear in mind that the ROI for gambling might vary based on the exact game or activity. It's always a good idea to make and keep to a budget for yourself, and to remember that gambling should always be done in moderation. Furthermore, never bet more than you can afford to lose. It's also critical to grasp the odds and that the house always wins in the long term. It's usually a good idea to have fun while staying within your budget.

Well math will be obviously slightly against you in long term betting in a long term, otherwise casinos wouldn't be profitable for their owners.
My way to gamble (if i play with slots) is to play few big bets and quit. I always decide the number beforehand. In other words, i am trusting my luck. And i know my luck is going to run out if i try some tactic where i try to outsmart the casino and play the long game.

So i either win or lose, i don't need to bother myself thinking if i would have lost or won the next bet when i have set my limit beforehand. I won't be chacing the jackpot. It will come to me if i am lucky enough.

A reasonable strategy both from the point of view of mathematics (the longer the distance, the advantage of the casino becomes greater as it accumulates) and from the point of view of psychology - it can be suggested that on a larger number of bets the probability of getting a gambling addiction is higher. I don't play slots, but if I did, I would do the same.

Operations have to be paid for, its obviously not going to be a free of profits company for any gambling operation.   I guess zero profit could be done short term but its true of most services, companies or products you buy; they must pay their people and for costs of the operation or they could not continue.  That is always a reality of playing that good luck must be appreciated and always take something off the table to go home with you not be re-gambled I think is best policy.
  Dont go in circles till you use it all up or yea its not profitable, mostly the games are for fun and thinking too much its profit is swimming against the tide.

gambling business thrive for a reason. and if the owner knows how to manage this kind of business, he can very well gain good profits. because if they are doing it wrong, certainly, they will go bankrupt fast and can't continue their business. and with the gambler, if he will continue playing, for sure, he will be on the losing side. because we know, a lot of gamblers will only stop if he has no more bankroll to play. that means, all his funds are already inside the casino.

That there is no casino or gambling site that gives 100% payout is true because they are business institutional and one of the goals of making it is to get profit and profits are obtained from taking a certain percentage of each player's bet. But why can gamblers still lose all their balances because they can never know when to stop and be patient to start gambling again and greed is one of the reasons players end up with nothing.

Indeed. Like every other kind of business, gambling establishments have overhead expenses that must be covered and must turn a profit in order to stay in operation. It's human nature to want to keep gambling until you hit it big, but it's smart to have a plan in place to protect at least part of your gains.

Gambling, whether in a casino or on the outcome of a sporting event, should be enjoyed for what it is: a form of recreation and diversion. Making it into a moneymaker might be counterproductive, as you can wind up investing your gains just to lose them again. The ideal approach is to not overdo it, to focus on having fun rather than generating money, and to learn as much as possible.

It's a smart way of gambling if you know how to control and limit yourself, the best thing when you are still involve is keep the enjoyment while wisely limit the time and the money that you'll going to spend while playing, either you are into casino type gambling games or sports betting games, what's important is you still have the control over to any situation that might come your way.

Gambling businesses are profitable, especially to those who already established their name and already have solid support from those loyal gamers/gamblers.

Just like other businesses or like a shopping mall. There is no how you will tell.me that you beat the shopping mall after shopping. Even if you are given a loyalty card which you shop with, there is no discount. They are simply reducing the price of some products and increasing some and give you at what seems to be a cheap price, which is not in a real sense.
So, we all lose on a long run and the business owner takes the profit while we take satisfaction which could be fun for gamblers.

sometimes the gambler's mindset is wrong when he thinks that gambling is a place to multiply money. there are lots of cases like that in several countries. there must be a lot of gamblers who have that mindset and in the end, coupled with greed, it will be even worse.
if we understand, especially in slot games, usually in every single game we usually get an advantage, even if it's only a little. if we keep away from the mindset of doubling money and being greedy, surely we will stop for a moment to save the win and come back the next day to get another profit.
but gamblers prefer to start pressing the spin button continuously hoping for bigger profits, even though previously the bookies had already provided a small profit and in the end the bookies didn't want to lose and we would be defeated.

Most gamblers go home with tears in their pockets. Only a handful of us go home happy because they won a large sum of money. So the house edge often wins. And sometimes there are even frauds that other gambling platforms do for players.

So sometimes, there are other gamblers who have already won a large amount but the other gambling platform makes a way or reason to not release the winnings of a player.

Exactly, we may save some money if we buy when there is a discount or when we receive some kind of bonus for our purchases, but stores do not sell their products for a loss, and the same is true for casinos, running a casino is expensive as their owners have to hire programmers, customer support, rent servers and many other things, and as such they cannot offer the services of their casinos for free, but instead of charging directly like a regular store they use the house edge to keep themselves in business, and as we can see it works very well as only a minority can beat the casino with regularity.

Players who go home with tears in their pockets are the ones who have lost control of themselves as well as not put limits on how long their game can last. The longer they play gambling without good self-control, the closer they are to lose all their money, which has happened to many gamblers. That's why the house always wins in the end and the gamblers suffer huge losses.

And if other gamblers who win, regardless of the amount, cannot stop when they are at the peak of their winnings, they will probably lose the most money compared to other gamblers. To avoid that, just stop and leave gambling immediately.

Indeed. Gambling business owners need to have strategic mindset in order for their business to thrive successfully and be in par with the existing and reputable casinos. If the manager of the casino do not organize what they have to do and what to accomplish, they certainly will not attain it. Business owners have to set a specific goal and a specific time frame for it to be achieved.

They need to utilize their resources in order to make their casino one of the choices a player will have in mind if ever they are actively finding one. for the side of the gambler, it isn't enough to possess the fund needed in order to make a bet, and instead one must possess discipline and a critical mind to think and make worthwhile decisions.

Such gamblers can be considered stage 1 gamblers, at the end of the day, they end up believing luck is not on their side. Contrary to your response, top gamblers make a living through gambling. What do you think of such players? These are some experts who have been gambling for quite a long time, and have studied the program behind every machine. While not everyone should see gambling as a place to multiply money, people are definitely multiplying money from gambling wisely. So, I think not all work fits all men, most gamblers may not make a living from gambling but they play because others can make profits through gambling. It's a matter of time such people can level up to understand how gambling works.

Business owners have to focus on one thing which is profiting, and casinos are type of a business model and they have to focus on making profit. Most of them tend to be legit because they know that they will make a profit if they stay legit too, a few end up with shady moves and not allowing withdrawals and freezing accounts and so forth and try to make sure they end up with something that is a bit more on the risky side.

I believe that we shouldn't be really explaining this to people, because house edge is there to make sure casinos earn, and if they do something shady on top of that, then it's a bye bye and nobody will gamble there and they won't make any more money.

Its a huge and expensive business due to the capital involved which it is normal that they would be running the business for profits and those are via for house edge which is typical.They do need to profit
and they do need to make money to cover expenses which is really that understandable.As a gambler then we should be aware on how things been going on what are the things you are dealing with.
Dont force yourself to win because house do always win in the end.Going for longer terms or session could really make you loss because of HE but if you are doing it for fun and
entertainment then this wont really be that much an issue.

Since the major aim of opening a casino is not to impress gamblers by giving out free cash for being a player. Everyone needs this money even the president of a country. Business need money to survives that is why we do see some big claims by casino of trying to give gamblers 100% returns that can never be possible. This is a business tactics and many the business owners do make use of these tricks even outside gambling.

Business must survive that is why many people including the team do look out for ways to accomplish a success business where customers would be pleased which the product the receive.

Yeah, those with firm discipline are the only ones who can beat the casino. But, those are rare people because once you got used to gambling the money, you will keep on coming back without even thinking twice. The thought of a lucky day will always be there, and you want to test it as much as possible or win back what you lose thru that kind of mentality.
Like OP said, even jackpot winners had been losing their money in a year or two, there may be cases where the winners ended up not even enjoying the profits but only thinking about going back to the casino to win more, which we know is a bad idea considering the house edge. I've never won a jackpot yet so I don't know how that feels, maybe I will have the same thought if I do so.

Every casino is business and the success depends on the gamblers involvement. As mentioned casinos aren't run to give free money, it is a business where return is expected. One wins and ten losses which is how Casinos operate, but the hope keeps the gamblers continue to wager even though they had experienced loss. It might look big when we make small money,, but when we calculate overall spending most of the gamblers will be on loss.

You are right. The money we lose will be greater than the amount we win. And even though some gamblers can get more winning money than the amount they lose, the number of gamblers is certainly less than those who experience defeat. If we already know about it, we better limit ourselves so as not to go overboard and to guard against losing even more money. The casino will get the biggest winnings because many gamblers experience big and small losses simultaneously.

The volumes of those gamblers that will play will give the advantage to the casino, though there are some gamblers that might win the game but the numbers of those who will lose most of the time are far higher than those who wins, and adding to that, those who at first manage to win can easily go back and try to win for more, ending it up to lose back their winning and sadly to say they also lose their entire bankroll.

If you know how to limit and you have that good control, winning can be done and enjoy but most of the gamblers don't have this kind of self-control that's the very reason why there are more new casino houses that is being open compared to those who close the business.