Title: Between the gambler and the casino who lose more Post by: Odusko on August 25, 2024, 10:18:28 PM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself?
Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. Title: Re: Between the gambler and the casino who lose more Post by: Nwada001 on August 25, 2024, 10:25:10 PM For startup, unless the casino is hit with bad luck and they don’t start up with enough funds that will keep the business going, I don’t see any amount of winning that will be able to surpass the losing percentage. You can start up a casino with $100,000 for paying winnings and expect it not to get exhausted in most cases before you can even start making profit.
Gambling winning is a game of probability in most cases, which means the chance of the player winning against the casino is very minimal, and I always believe that in every 1-100 bets placed by gamblers, more than 70% of those bets always end up losing, and the little percentage that wins in most cases can’t be compared to the amount the casino can make from the loss. Although high rollers win big amounts in some cases, that doesn’t happen all the time. In conclusion, I always see the casino as the one with the upper hand when it comes to winning against gamblers. Title: Re: Between the gambler and the casino who lose more Post by: PX-Z on August 25, 2024, 10:27:48 PM If you're talking about these new casinos losing money on its first few days of opening, then its possible only if they don't have huge or enough bankroll to start the business. But its only rare, once the operation starts casino business will be in total of profits in the long run. But once this new casino have different marketing approach from different platforms, it's good to say that they have enough balances to operate.
Title: Re: Between the gambler and the casino who lose more Post by: Akbarkoe on August 25, 2024, 10:32:17 PM An intriguing subject is comparing the risk between casino operators and gamblers. While, on an individual basis, gamblers may risk losing their money with every game they play, the casino has the whole system working for them over the long run through house odds. For newly established casinos, especially in the world of crypto, these can be very large risks. They have to consider that some gamblers are extremely lucky and can win huge sums, which would make a dent in their resources, particularly at such an infant stage.
While the risk is for casinos, statistically speaking, they are still safer because of their advantages and the volume of the game. As for the gamblers, they are always at greater risk because they wager with odds that are meant to favor casinos. Therefore, even though there can be situations where casinos can lose big, typically it is gamblers who stand a greater risk in the long run. Title: Re: Between the gambler and the casino who lose more Post by: Cantsay on August 25, 2024, 10:34:12 PM I’ve never worked in a casino before so my answer is purely based on what I’ve read here in Bitcointalk and also my observation as a gambler. To me I feel the casino is always at the upper hand when it comes to profits - even if a gambler manage to log out with some profit during that session the casino will still be in profit when the whole history of that player is calculated.
Only a few casino that fail to make proper calculations before going public with some of their promotions that’s when they hit some losses - but if we consider just the betting aspect (excluding any form of promotion) of the business then the casino will be in profit. Title: Re: Between the gambler and the casino who lose more Post by: bitbollo on August 25, 2024, 10:37:55 PM Online casinos that end without money is really a rare event.
Sometimes I had the impression that it was a simple way to hide a scam... For the other times, its related to bad management and wrong choice... likewise small Bankroll or simply having attracted a lucky whale on the site. Other reason could be related to bug or in general test of the site not sufficient or just issues not immediately identified. However in these case there are 2 scenarios. Scam or bankrupt... Title: Re: Between the gambler and the casino who lose more Post by: Charles-Tim on August 25, 2024, 10:41:49 PM I’ve never worked in a casino before so my answer is purely based on what I’ve read here in Bitcointalk and also my observation as a gambler. To me I feel the casino is always at the upper hand when it comes to profits - even if a gambler manage to log out with some profit during that session the casino will still be in profit when the whole history of that player is calculated. This is not about what was or is posted on Bitcointalk but the truth. See gambling sites as hoteliers while you see gamblers as people that come for the hotel products and services. The gambling sites are making money while the gamblers are losing money. I do not think it should be called losing money because the gamblers are enjoying the games while gambling.Title: Re: Between the gambler and the casino who lose more Post by: yahoo62278 on August 25, 2024, 10:42:06 PM Casinos that are semi new and have a smallish bankroll have been implementing the max cashout per week rule to their customers so they don't go bankrupt in the 1st week and partially to hope that some of those players lose a little back to them while waiting to do their cashouts.
Most times the casinos are going to come out on top because smaller casinos also have higher house edges set on most games, but there is the rare occasion where someone makes a deposit and goes on a run. Back in the old days casinos used kelly criterion and made the max win 1/100th of the casinos bankroll virtually making it impossible for them to go broke. Not possible when a site offers 3rd party slots I don't think, but I could be wrong. Not sure if they can set a max bet on 3rd party slots. Title: Re: Between the gambler and the casino who lose more Post by: Odusko on August 25, 2024, 10:45:46 PM Online casinos that end without money is really a rare event. On the contrary, what I focused on is not in the direction you are pointing from and at, I know exit scam, insider's job and also bug aware among the ways that the casino risk losing money, we have seen alot of crypto casino's falling victim of that befor and it won't end there, but my focus is on the risk of winning and losing bet on the casino and what the risk level is for both casinos and the gambler, we have all hard the phrase house edge and the rest, and also jackpot winning which are what the discussions in focused on right now.Sometimes I had the impression that it was a simple way to hide a scam... For the other times, its related to bad management and wrong choice... likewise small Bankroll or simply having attracted a lucky whale on the site. Other reason could be related to bug or in general test of the site not sufficient or just issues not immediately identified. However in these case there are 2 scenarios. Scam or bankrupt... Your comment above open up another different thought in me which I never considered while creating this thread, may be that was because, I already narrowed my view to that of risk as regards to winning and losing a bet and not some sort of possible attack risks. Title: Re: Between the gambler and the casino who lose more Post by: Churchillvv on August 25, 2024, 10:48:56 PM I have used an online casino where I staked a bet with a kind of amount that the reward was supposed to be very huge but I was restricted because the potential win is too huge, so for new casinos in the business they literally do not allow some kind of bet in the main time of opening untill they become very strong to handle such wins.
Perhaps with the experience I believe they can't lose to gamblers more than they can afford. Title: Re: Between the gambler and the casino who lose more Post by: AmoreJaz on August 25, 2024, 10:49:14 PM Online casinos that end without money is really a rare event. Sometimes I had the impression that it was a simple way to hide a scam... For the other times, its related to bad management and wrong choice... likewise small Bankroll or simply having attracted a lucky whale on the site. Other reason could be related to bug or in general test of the site not sufficient or just issues not immediately identified. However in these case there are 2 scenarios. Scam or bankrupt... If the bookie or the casino has small bankroll to begin with, then, they should put some constraints in their features such as - - setting their bet limits, so they know how much will be the max payout in case the bettor won - they can have withdrawal limit per day also, so they know how much is allocated per player, at least rough estimate and see where they are at in terms of their financials So better observe your casino's activities to know where you are at and implement some restrictions as soon as possible before everyone is crying out for a scam owed to withdrawal issues. Title: Re: Between the gambler and the casino who lose more Post by: JollyGood on August 25, 2024, 10:51:18 PM This has to be the main issue. Those gamblers that place huge bets will end up winning phenomenal amounts of money from to time. Even those that are not high rollers also win too but when you accumulate the total amount from the wins against the total amount from the losses then overall the balance of power will always fall towards the casino (whether online or a physical building).
If it were possible to see a balance sheet from a casino, I am sure the income from customers losing would exceed the payout for winners virtually every day. Although high rollers win big amounts in some cases, that doesn’t happen all the time. In conclusion, I always see the casino as the one with the upper hand when it comes to winning against gamblers. Title: Re: Between the gambler and the casino who lose more Post by: nelson4lov on August 25, 2024, 10:54:28 PM There is one quote I learnt about doing my early gambling days on the forum and it's "The house always wins". That quote has stuck me with over the years and after gambling for the past 5-6 years, I can say for a fact that like trading, Gambling is a zero-sum game. And after winnings, the house (casino) will still have enough bankroll to go on. But if the gambler is lucky enough to win more than they lose then in such a scenario, the house loses. But if we're talking about cumulative PnL of all gamblers, I think the amount won is no where close to the amount lost.
This isn't backed by any data btw. Just personal observations. Title: Re: Between the gambler and the casino who lose more Post by: mirakal on August 25, 2024, 10:56:52 PM I’ve never worked in a casino before so my answer is purely based on what I’ve read here in Bitcointalk and also my observation as a gambler. To me I feel the casino is always at the upper hand when it comes to profits - even if a gambler manage to log out with some profit during that session the casino will still be in profit when the whole history of that player is calculated. This is not about what was or is posted on Bitcointalk but the truth. See gambling sites as hoteliers while you see gamblers as people that come for the hotel products and services. The gambling sites are making money while the gamblers are losing money. I do not think it should be called losing money because the gamblers are enjoying the games while gambling.Meanwhile, when it comes to who are in huge profits, it's certainly the casinos or the gambling sites. Otherwise, they won't be here for long if they aren't having an edge over its players. Title: Re: Between the gambler and the casino who lose more Post by: Potato Chips on August 25, 2024, 10:59:15 PM It's not backed by data of course but I've always felt like in hindsight, only a small percentage ends up bagging big profits while most will lose it hence more likely to profit in the long run.
Reminds me of the recent interview I've read about bch.games. Someone nearly depleted their bankroll at first couple of days but they were able to make a comback after as well and the business continued to flourish from there. If you wanna read it, see: https://bitcasinosrank.com/bch-games-team-interview/ Title: Re: Between the gambler and the casino who lose more Post by: passwordnow on August 25, 2024, 10:59:40 PM who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? You already answered your question that it is the gamblers that losses more money than of the casino. Regardless of the casino as a startup, they're bound to make money as long as their plans go well and they're able to gain significant number of users into their platform. The house edge is a real thing for these casinos because they make a lot of money from it from the volume of the users that they're having. So even it's just 1% house edge but they've got thousands and more of users, that's still a lot of buck to make for them everyday.Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. I think that even with gamblers winning huge jackpots, they're anticipating that to happen and they have enough funds to cover that and for them to recover. Unless that startup casino didn't planned that and they're able to miss out that scenario and it happened on them when they're unprepared but I doubt that because most of them have enough money for these jackpots and it's one way for them to also gain more players when someone hits a jackpot playing on them. Title: Re: Between the gambler and the casino who lose more Post by: Adbitco on August 25, 2024, 11:02:18 PM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? If i could recall correctly this topic or something similar to this has been discussed over here before but that notwithstanding, usually casino owner do have reserved fund to operate the platform for the first 2 to 6 months of their launched before they could start raising money from the casino. This their personal funds which serves as a reserved funds is to pay out winning and dev also staff who are working under them, this is a reason why most casinos do not allow heavy withdrawal even though you had passed kyc with all their requirement you would have to withdraw about $100k for about 3 weeks to 1 months interval to enable also payout to other people, since the restriction wouldn't allow you to make huge withdraw so the little funds they had in reserved would served round for that period of time while more people keep losing. You should also take note that winning are very hard unlike lost that is so easily and the casino wouldn't take much time to make profits from their customers.Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. Title: Re: Between the gambler and the casino who lose more Post by: Hatchy on August 25, 2024, 11:02:45 PM Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. The casino literally has the upper hand when it comes to winning. No matter how much profits the gamblers makes from a casino, the total losses made from playing each day on casino is bigger in ratio compare to the wins. The players are the in responsible for their losses though but the algorithm is designed to let the hux have an upper edge in winning.so we can say that the one who loesse more is actually the gamblers. Title: Re: Between the gambler and the casino who lose more Post by: uneng on August 25, 2024, 11:15:19 PM Of course it's the casino which profits more and that is why they are active and operating on this industry for several years already. On long term they always have the advantage. Even if a gambler wins a nice jackpot and bring a considerable loss for the house, it's just a matter of time until the casino recovers from the prejudice through making profit from another gamblers' bets.
For people who were familiar with bankroll investment in previous years, they know what I'm talking about. Sometimes we had our investments in loss for few days or weeks, but after some time the loss suddenly turned into profit, once a whale lost huge money to the casino. That is why to have a large bankroll is important for the betting shop, so they can absorb the losses on short run without going bankrupted and scamming their customers. Title: Re: Between the gambler and the casino who lose more Post by: TelolettOm on August 25, 2024, 11:19:14 PM Just imagine, maybe there is 1 person who wins a jackpot with a very large nominal. However, on the other hand, there are hundreds of thousands or maybe millions of other people who lose at that time, so the nominal is compared to what the casino must issue for JP. much greater accumulation of losses from all gamblers.
I quoted this from a site: Quote Casinos and bookmakers are businesses designed to make money from gamblers, and they are good at doing it. They know that gamblers are more likely to gamble more in the future if they believe they almost won Source: Why Gamblers Rarely Win (https://www.recoverlution.com/knowledge/gambling-problem-rarely-win)Casinos definitely get more benefits: - They are the experts in designing all the possibilities that exist - They have the system - They are the ones who manage it - Even though there are cheaters in the casino, they have their counters, and they still have bigger chances for other gamblers - They have their strategies so that gamblers don't want to stop and continue gambling there Title: Re: Between the gambler and the casino who lose more Post by: Die_empty on August 25, 2024, 11:20:52 PM Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. A well-managed casino should be able to have maximum win limits that ensure that there will never an unexpected big wins that will make them go bankrupt. Having a daily withdrawal limit could be another means of protecting the casino from going down. The casino will be able to raise funds through losses by gamblers to gradually pay big winners based on the daily withdrawal limit. I have also read about some insurance policies for casino operators. Some casinos can also protect themselves against bankruptcy by taking insurance policies that could cover big wins. Just like any other business, a casino that has a good financial plan and a good management system will always have an edge over gamblers. Casinos can be able to organize their business to ensure that they don't experience losses, but gamblers don't have such a privilege. So I would have to conclude that gamblers lose more. Title: Re: Between the gambler and the casino who lose more Post by: EluguHcman on August 25, 2024, 11:23:07 PM For sure the gamblers looses more due to the chances of winning is always low while loosing are higher. You can always follow the news or probably visit the physical gambling shops and see how much game slips which has been lost floods over the premises per days.
That literally a contention to say there gamblers looses more than the bookmakers or casinos. While considering the Luckiness of winning, anything can happen which probably a winning can shut down a casino that has not been financially equipped to pay gamblers despite how huge the winning amount would be that is why casino too need to be financially equipped in case the game turns around to redeem gamblers rewards of winning. Obviously inability of the casinos to put these fact in place earlier on wre most cases while some casinos shuts down are a course of not being able to pay gamblers when they have win possible huge amount that the casinos never expected to happen. Title: Re: Between the gambler and the casino who lose more Post by: Dewi Aries on August 25, 2024, 11:27:48 PM Honestly, I never knew about what algorithm is applied in the game system provided by the casino, but what is certain is that I think that from the beginning the casino must have thought about this problem, in the sense of thinking about the possibility of gamblers who managed to get a very big win, especially when the casino was just opened, meaning I am sure that from the beginning the casino had arranged everything in such a way that they remained superior, such as limiting the amount of big wins that were worthy of gamblers in each game provided.
But yes, I also do not say that the casino will avoid the possibility of bankruptcy, it is always possible, but what is certain is that I think it is not caused by the victory achieved by the gamblers, but because they usually mismanage their finances. What I know about casinos is that they give victory to 10 people, for example, but on the other hand they also take advantage of 100 gamblers who lose, this is the reason why some lose and some win at the same time, and this is also the reason why casinos always excel and survive. Title: Re: Between the gambler and the casino who lose more Post by: _act_ on August 25, 2024, 11:32:20 PM If i could recall correctly this topic or something similar to this has been discussed over here before but that notwithstanding, usually casino owner do have reserved fund to operate the platform for the first 2 to 6 months of their launched before they could start raising money from the casino. Advertisement is very important. The casino will spend money on advertisement for that period of time also. So that more people can know about their site and gamble with them. But as people are joining already, the casino will start to make money. With better advertisement, the casino would have been making money before 6 months. Aside advertisement, paying workers, server maintenance and the likes, there is no money to pay gamblers because the gamblers that will lose will be more than the gamblers that would win. They will use the money they receive from gamblers to pay other gamblers right from the beginning, except in very almost impossible cases.Title: Re: Between the gambler and the casino who lose more Post by: AliMan on August 25, 2024, 11:42:56 PM Gambler loses more compared with the casino house, because they spend more effort and time to beat the system. Often times the system cannot be undertaken since it's monitored closely by admins of the house. This kind of business always took opportunity to bring profit at their end, and users always ended up a loser. Even if you win, but eventually in the long run you're still be losing what you have.
Title: Re: Between the gambler and the casino who lose more Post by: Adbitco on August 25, 2024, 11:48:27 PM If i could recall correctly this topic or something similar to this has been discussed over here before but that notwithstanding, usually casino owner do have reserved fund to operate the platform for the first 2 to 6 months of their launched before they could start raising money from the casino. Advertisement is very important. The casino will spend money on advertisement for that period of time also. So that more people can know about their site and gamble with them. But as people are joining already, the casino will start to make money. With better advertisement, the casino would have been making money before 6 months. Aside advertisement, paying workers, server maintenance and the likes, there is no money to pay gamblers because the gamblers that will lose will be more than the gamblers that would win. They will use the money they receive from gamblers to pay other gamblers right from the beginning, except in very almost impossible cases.Title: Re: Between the gambler and the casino who lose more Post by: nakamura12 on August 25, 2024, 11:53:00 PM Most casinos doesn't lose more compared to gamblers. As others have explained, casinos losing money is rare that's why many casinos earn more instead of lose more than the gamblers lose. Because of that, casinos even run their advertisements for years to attract more and more gamblers then the more they attract then the more they earn. Casinos have reserves to pay if someone is very lucky to win huge amount of money and if it did not reach then they'll pay the user little by little or due to the maximum withdrawal limit.
Title: Re: Between the gambler and the casino who lose more Post by: Wexnident on August 26, 2024, 01:11:07 AM ~ That's why capital is such an important thing. Idk about other types of businesses but a casino is NOT an immediate profit type of business. It relies on users staying and playing on the long run, profiting off of house edge for every bet. Yes, you can stay an example where a player suddenly won a big amount the day a casino opened, but it's easily counter-able by just having enough capital to support the business and from that, the casino just continues to grow its funds more and more. If we were to compare just the raw amount, naturally casino loses more than your average user. At the same time though their losses are offset by the amount they earn, so if you also take that into account the naturally the players lose more. Title: Re: Between the gambler and the casino who lose more Post by: LDL on August 26, 2024, 01:38:36 AM Only those who participate can say which of the two platforms, gambling and casino, has more losses, but I bet on gambling Sportsbetting, so I have both the possibility of loss and profit. If I can say from my point of view, I must say that gambling is where I lose the most. But I don't have much losing experience in casinos because I don't favor casinos. However, be it gambling or casino, there will always be a possibility of loss because the gambling or casino authorities arrange their sites in such a way that there will be combinations of profit and loss.
Title: Re: Between the gambler and the casino who lose more Post by: Darker45 on August 26, 2024, 02:46:13 AM If we talk about the rule rather than the exemption, then it isn't even a question. The casino always wins. The more gamblers who want to try their luck the better. While there may be instances in which individual gamblers are making money, generally speaking, it is always the casino that's earning big money from their players. Otherwise-- if casinos lose more-- then there shouldn't have been any casino left running today. On the contrary, casinos are multiplying both land-based and online. It's good business.
Overall, you cannot expect luck to overcome house edge. Title: Re: Between the gambler and the casino who lose more Post by: Franctoshi on August 26, 2024, 03:43:37 AM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? The only time I would think that the Casino platform would face a challenge, and possibly running out of cash to settle its customers payments would be a situation whereby the Casino platform experiences a big cash out on their lunch day, because then they haven't gained a lot of customers who are patronizing them as at the moment, so mostly likely the funds they will be paying out to their customers on the event of customers who won bets will be out of their pockets.Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. Title: Re: Between the gambler and the casino who lose more Post by: Pandu Geddon on August 26, 2024, 03:49:05 AM Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. greater risk of loss to the gambler. I don't know the way but in casino games, we know the chances of winning the gambler I think are not big enough in certain games. but some possibilities of gamblers winning big at the beginning when they try a new casino are also possible. but the situation also depends on how many gamblers play at the casino. if the casino does not have enough money that they use to pay the maximum winnings obtained, it is clear that it will only make the casino bankrupt even though it has just started. or at least have financial problems. but for new casinos that are more prepared with all the arrangements, including getting more gamblers at the beginning of their work. it can help them survive longer. Title: Re: Between the gambler and the casino who lose more Post by: ralle14 on August 26, 2024, 03:50:02 AM Between those two, it's always us gamblers who'll have to lose more because we mostly rely on luck, and it's never enough to put casinos in danger when they can get those losses back in no time.
I also agree with the others, casinos nowadays even in the early phase have become strict with the limits (bonuses, max win, max bet, withdrawals), and most of them probably adapted from the previous mistakes of other casinos. If it was several years back when casino bankroll was still the trend maybe i'd change my pick to casinos, as I remember the bankroll investors were getting hit from one casino to another. Title: Re: Between the gambler and the casino who lose more Post by: klidex on August 26, 2024, 04:21:02 AM I think gamblers are the ones who are at greater risk of losing because their losses will be wins for others and will continue to be so, the more players playing in casinos will be more profitable for casino owners because they don't need to prepare a lot of money for someone's win. The percentage of wins and losses is more losses and casino owners still get a lot of profit from users who play gambling, but I also can't deny that there are also casinos that go bankrupt because they don't have enough funds to pay the winnings of people who dare to take the risk of betting big with a big chance of winning but things like this rarely happen as far as I know gambling houses always benefit from their business.
Title: Re: Between the gambler and the casino who lose more Post by: Accardo on August 26, 2024, 05:01:42 AM but I also can't deny that there are also casinos that go bankrupt because they don't have enough funds to pay the winnings of people who dare to take the risk of betting big with a big chance of winning but things like this rarely happen as far as I know gambling houses always benefit from their business. There are many roads to bankruptcy but I'd say it's a lack of competent management for a casino to file for bankruptcy. The market is large enough to accommodate a long-lasting business era for any established casino. I hear more of offline casino settings suffering bankruptcy. The expense of running a casino isn't a play. Only real management keeps casinos running for decades without a financial meltdown. However, the success of a casino simply means the financial downfall of many gamblers. The question is, should gamblers win more and watch casinos go bankrupt? We'd lose our source of fun at the gaming level if that happens. In a nutshell, the money lost in gambling is for the game to go on. Title: Re: Between the gambler and the casino who lose more Post by: danherbias07 on August 26, 2024, 05:02:05 AM Those big wins are also planted. They need to do that so that more people will believe that jackpots can be achieved. If they don't then there will be a lot of customers that will be walking out and trying to find a new gambling site that would offer those kinds of prizes.
Do you believe that the online casino will lose after giving up that kind of amount? No. With the vast numbers of gamblers out there, they could easily win it back by using the house edge and also that winner will not just stop at one win. He would think he is lucky and try to gamble a part of that winnings. At the end of the day, the gamblers will always be the losers except if you walk out after a win. The online casino business would not continue if it didn't see any profits. We lose more, and the percentage of winners is low. How many stories of winners have you heard? Very rare. Title: Re: Between the gambler and the casino who lose more Post by: Litzki1990 on August 26, 2024, 05:07:58 AM Gambling is always risky be it sports betting or casino related. No matter where you gamble you lose all the money if the outcome goes against you. So first we need to be sure which subject we are more skilled at.
Gambling is not entirely about luck, here the right gambling strategy, skill and experience can make a huge difference in winning or losing. I have played all types of gambling before but from this experience the most acceptable gambling strategy for me is sports betting. Usually, if you want to gamble with this strategy, you first need to have a good understanding of the sport and have an understanding of the different teams. If we can determine the strong opponent and the weak opponent, then the result of the match will be more likely to be in our favor. What I always say is that gamblers should consider a big team first and watch out for when a smaller team is playing against that big team and bet on the big team with that in mind. Hopefully gamblers will win more than lose money if they gamble with this strategy. Title: Re: Between the gambler and the casino who lose more Post by: Lida93 on August 26, 2024, 05:22:09 AM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? Casinos in my very opinion seem to risk little or nothing apart from the start up phase where they perhaps got hit by bad lick where a gambler had to win some huge cash. Growing above that phase the risk to lose now becomes that of the gamblers alone to bear because it's the losses of other gamblers that are now been used to pay those that win, and as we all know in gambling the number of losers are usually greater than the lucky winners.Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. In any case, a few of those huge wins that are said to be-fall newly start-up casinos could be self orchestrated just to attract the attention of customers to their platform... It's all a part of the advertising strategies in the industry. Title: Re: Between the gambler and the casino who lose more Post by: Poker Player on August 26, 2024, 06:08:44 AM Casinos that are semi new and have a smallish bankroll have been implementing the max cashout per week rule to their customers so they don't go bankrupt in the 1st week and partially to hope that some of those players lose a little back to them while waiting to do their cashouts. Most times the casinos are going to come out on top because smaller casinos also have higher house edges set on most games, but there is the rare occasion where someone makes a deposit and goes on a run. Back in the old days casinos used kelly criterion and made the max win 1/100th of the casinos bankroll virtually making it impossible for them to go broke. Not possible when a site offers 3rd party slots I don't think, but I could be wrong. Not sure if they can set a max bet on 3rd party slots. Of course. Seems like the OP doesn't have much of a clue about how casinos and risk management in general work. If a casino starts what they have to put is a betting limit on their bankroll, lest a whale like Drake comes along and gets lucky that night and busts them. That in any sensible business plan has to be foreseen, and as the business is working, they reinvest at least part of the profits in their bankroll so that they can accept higher stakes. Title: Re: Between the gambler and the casino who lose more Post by: KiaKia on August 26, 2024, 06:16:56 AM The chance of gamblers winning against the casino is very small, any casino business should be good from the scratch because more money will flow into the casino pocket than the gamblers pocket, it is nothing to worry about.
Let's pretend that a gambler won big amount of money and the casino is just starting the business out, all they have to do is make a deal with the gambler, the casino will start paying the gambler some percentage every day until the whole amount is paid into the gamblers bank account, I have seen online casinos do this before. If the casino cares about it's future and reputation they have to pay the winner and keep their business alive as well, the chances that a casino will run out of luck is very slim, because every 24 hours a day there will always be customers willing and hoping to hit a jackpot and spend them on yacht and luxury life, they always keep coming to try their lucks. Title: Re: Between the gambler and the casino who lose more Post by: traderethereum on August 26, 2024, 06:21:51 AM Gamblers can lose much money than the casino. We should think that from many gamblers, only small percentage of gamblers can win much money and that makes the casino gets the big profit.
New start up casino can lose much money against the win gamblers but the chance for the casino to recover their losses will be bigger than a lose gamblers. The casino can easily attract gambler attention to return to their casino by giving many promotions that makes gamblers lured. Gamblers will get a big risks if they still return to casino without stopping for a while and will lose their money easily. Although the casino also have the big risks to lose their money, casino can recover their lose in a short time because many people will lose their money by playing gambling in that casino. Title: Re: Between the gambler and the casino who lose more Post by: Frankolala on August 26, 2024, 06:22:46 AM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? A new casino would already have funds available for their customers who wins if not it shows that they are not serious and don't want to build their reputation or gamblers will see them as scam. Funds is one of the major requirements any casino needs to grow at the beginning. Quote Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. I believe that if 100 gamblers stake their bet maybe 5 of them might win and their profit depends on the amount that they used in staking. Casinos are always in profit and gamblers are always at loss because in gambling you lose more than you win which I believe all gamblers have experienced this only few lucky ones who were able to win huge and quieted gambling. If most casinos are losing they would have packed up by now. Title: Re: Between the gambler and the casino who lose more Post by: davis196 on August 26, 2024, 06:24:23 AM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. Your question cannot be answered, because we don't have valid examples of new casinos, that closed their business due to losing too much money at the launch. Maybe some former casino owners, who had such experience with losing their initial investment could share their thoughts. I don't think that anyone would be willing to share specific data about how much money he lost after the launch of his gambling business. Maybe some newly launched casinos could use shady practices, like postponing withdrawals before they make enough money to pay out the winnings of certain gamblers. Title: Re: Between the gambler and the casino who lose more Post by: Mia Chloe on August 26, 2024, 06:28:34 AM Both gamblers and casinos lose when it comes to gambling however gamblers lose more often than casinos do. well it's something that's quite obvious because if you come to think of it if casinos lose too often than gamblers do, they'll likely end up going bankrupt or suddenly close down. Casinos and betting firms have their way of regulating their losses and even the losses of gamblers too.
This is because if the gamblers too are made to lose unnecessarily, they will gradually begin to lose customers and still they will go bankrupt. As a responsible gambler, one has to make sure that he's playing the right game that he understands to avoid unnecessary losses. Title: Re: Between the gambler and the casino who lose more Post by: Dr.Bitcoin_Strange on August 26, 2024, 07:08:47 AM Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. Recently, I made emphasis on these similar discussion and I was of the opinion that casinos are usually earning more than gamblers. It's not something we should start arguing about again because on a clear note, casino is a very profitable business for the owners, if it was not, then so many of them would have close down and these new upcoming ones will not arise. Casino earn from gamblers losses and it's a fact that gamblers losses more than they win and all those losses goes to the casino and game providers. Secondly, casinos are earning every minute from the withdrawals of every gamblers. For example, stake.com charge $1 fee for every withdrawal made by gamblers. If at the end of every day, two million gamblers withdraw their winning from the casino, do you know how much? :o, that's just for withdrawal fee. Title: Re: Between the gambler and the casino who lose more Post by: Jody.Drummer on August 26, 2024, 07:11:20 AM so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? In my opinion, however, it is clear that the casino operator will win more in this case because they have a role as a host where they seek profit from the many gamblers who play, with the many cases of losses that occur, it proves that the casino operator will win more. In addition, they build casinos with the aim of seeking profit, so it is natural that gamblers or players only experience a lot of defeats, unfortunately some gamblers often lose their minds when gambling where they gamble without seeing the chances of winning that are in their favor are small. In contrast to the opportunities owned by the house operator because they have a greater chance than the gambler, this is absolute and applies in the long term in gambling, no player can change this provision, so the house operator will win more and for players or gamblers to win more or win consistently is impossible.Title: Re: Between the gambler and the casino who lose more Post by: Gozie51 on August 26, 2024, 07:29:15 AM the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? I don't think there is no way that gamblers would profit more than the casino. Although I have known of certain big wins that destabilized some casino who are starting up but that is for those who are really starting up with no branch or affiliates casinos that have already stood the tides. Maybe you mean those casino that doesn't really have affiliates but if they have, then they get to pay such big wins from there parent body. Therefore, except in the case that the new casino doesn't have parent body. I know that in offline betting shops, big wins don't become problem because parent body make such payment as the winner is referred to head office for payment if it is huge win. Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. Yes, a new casino starting up may be unluck with big win against them for their start up and if they don't have adequate reserve, it can bring them down especially with online casinos but offline usually have parent body that players or winners can be referred to only that the winner need to present their winning coupon, slip or ticket. Title: Re: Between the gambler and the casino who lose more Post by: Kelward on August 26, 2024, 07:33:17 AM If you're talking about these new casinos losing money on its first few days of opening, then its possible only if they don't have huge or enough bankroll to start the business. But its only rare, once the operation starts casino business will be in total of profits in the long run. But once this new casino have different marketing approach from different platforms, it's good to say that they have enough balances to operate. The house edge puts casinos on unfair advantage against the gamblers so clearly gamblers loses more than them. It's mainly the new casinos that doesn't have sufficient startup capital that can be hit by lose if a gambler were to win big. Ofcourse this should be rare because if one gambler wins big that means that more gamblers have lost big at the same time. If new casinos should experience loses it could probably be only on the first few days or weeks if there's a big win and they're experiencing low patronage to recover the loses. Title: Re: Between the gambler and the casino who lose more Post by: TopTort777 on August 26, 2024, 07:47:51 AM OP, I think you are trying to compare two completely different things. Business risk vs instant game risk. You cant compare business risk as something instant. This is a long lasting project. That is why companies create business plans. And on the other hand a gambler. He cant make a calculation of his possible risks in next 6-12 months. OP, you wont get a true answer. Casino spend millions from the start, a gambler can start with 1 cent. During 10 years period casinos can work 9 with a loss, and one with a profit, as well invest dividents and profit into future. During same period a gambler can lose millions, but can drop gambling after a first bet.
Title: Re: Between the gambler and the casino who lose more Post by: lovesmayfamilis on August 26, 2024, 09:16:01 AM Opening a casino for people without experience and expecting profits will most likely be a very imprudent action. Therefore, a new casino is probably opened by people who have good initial capital and most often already own other casinos. Therefore, thinking about what funds the casino pays out winnings from should not bother customers. But the fact that the casino will always be in profit is a well-known opinion. Read about such a concept as the "principle of negative mathematical expectation." Bookmakers always remain in the profit; I think all other games also bring profit to the casino; otherwise, it would be an unprofitable business for the owners.
Title: Re: Between the gambler and the casino who lose more Post by: Apocollapse on August 26, 2024, 09:30:45 AM Casino is a business and only few of them can survive, most of them fail.
In online business, it can fail due to many reasons e.g. hacked, bad management, etc including the project is actually bad and has no customer. Theoretically gambler should lose more than the casino due to house edge, but casino isn't only about build the site and offer the games, there are many X factors like what I mentioned above. Title: Re: Between the gambler and the casino who lose more Post by: Fiatless on August 26, 2024, 10:03:27 AM New start up casino can lose much money against the win gamblers but the chance for the casino to recover their losses will be bigger than a lose gamblers. The casino can easily attract gambler attention to return to their casino by giving many promotions that makes gamblers lured. https://talkimg.com/images/2024/08/26/9X4b5.jpeghttps://clarifycapital.com/blog/what-percentage-of-businesses-fail It is not as easy as you think, because new startups face many problems. They usually suffer losses since they will not have enough gains to cover expenses. But as they keep attracting customers and expanding, the business might gain stability and become profitable. Even in the forum, some new casinos might not be able to sustain promotion campaigns because they are not getting the needed traffic. Some of them even go to the extent of closing the casino because it is not sustainable. Casinos that have lasted for about three years or more should be able to make a profit. While gamblers might be making more profit than new gambling platforms since they are not yet established,. Title: Re: Between the gambler and the casino who lose more Post by: bering on August 26, 2024, 10:22:50 AM There was no valid data which can support this question and it just only a speculation because we didn't know who is lose more between the casinos or the gamblers but during involved to online casinos i never heard any newly casinos who go to bankrupt on their first day launch because they cannot pay huge winning from the gamblers besides that i think new casinos cannot automatically to gets high roller gamblers because to gets the costumers like this they have to earn their reputation
And in my opinion only some people who can beat the casinos and makes those casinos bankrupt but most of the gamblers in the world so far only lost their money at the casinos and never gets any decent winning during their gambling activities and regarding this question probably the gamblers who lost more compared to the casino Title: Re: Between the gambler and the casino who lose more Post by: iv4n on August 26, 2024, 10:37:10 AM It is not as easy as you think, because new startups face many problems. They usually suffer losses since they will not have enough gains to cover expenses. But as they keep attracting customers and expanding, the business might gain stability and become profitable. I think that the keywords here are "keep attracting customers", and if casinos fail to attract customers & keep the existing players on the site they will just lose money on marketing, maintenance, etc. Every start is difficult, the competition is high and it's difficult to attract players who already have favorite places, new casinos must show extra effort if they want to make a good business. This usually means investing heavily in marketing, promotions, a wide selection of games, live support, and everything else that makes a casino a good place to play. Of course, there are no guarantees of success, but without these things, the casino is doomed to fail... Title: Re: Between the gambler and the casino who lose more Post by: Fivestar4everMVP on August 26, 2024, 10:48:14 AM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? First of all, I personally feel that it's wrong to compare casinos and gamblers like this, and this is because, casinos are built as a business, while the gamblers are like the customers who bring their money to buy a particular product from the business, casinos are built to make profit, specially as their userbase grows, this is why casinos delight in having alot of users.Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. House edge is an advantage a casino have, but this is not the end, alot of users is also a very good advantage, much better than the house edge, and this is because, with the house edge, a player can still win a good amount of money which the casino must pay, but if the casino have a lot of users playing there, when 3 or 4 players wins a game, rest assured that over 1000 other players lost that same game, and this way, the casino can easily pay the players that won from the money they got from the players that lost, and still have alot of money to save for other stuffs. So, in the nutshell, casinos make more money than gamblers, casino as a business is built to make money, but on the other hand, gambling is not a source of income or making money, people only treat it as such because of the possibility of winning some money from it. Title: Re: Between the gambler and the casino who lose more Post by: laijsica on August 26, 2024, 11:16:12 AM Both gamblers and casinos lose when it comes to gambling however gamblers lose more often than casinos do. well it's something that's quite obvious because if you come to think of it if casinos lose too often than gamblers do, they'll likely end up going bankrupt or suddenly close down. Casinos and betting firms have their way of regulating their losses and even the losses of gamblers too. Gamblers losed most of the time and developers of casinos or other gambling boards conduct extensive research on their winnings by applying all sorts of psychological and intellectual techniques to motivate gamblers to gamble. Yes developers have very subtle manipulation of gambling control strategies which attract and addict gamblers but at the end of the day the casino wins.This is because if the gamblers too are made to lose unnecessarily, they will gradually begin to lose customers and still they will go bankrupt. As a responsible gambler, one has to make sure that he's playing the right game that he understands to avoid unnecessary losses. Gambling has a hugely motivating psychoactive effect that can make a gambler confident of winning and ultimately addictive. However, a gambler has a higher chance of winning through patience supply of limited funds but depends on luck every time. Title: Re: Between the gambler and the casino who lose more Post by: retreat on August 26, 2024, 11:53:31 AM The answer is obvious that casinos have an advantage over players. If players had an advantage over casinos then we would not see any casinos operating today, because their purpose in running a casino is to make more money from the industry, and when they are not making more money, why would they run the business. Casinos have a house edge, which means they will always have an advantage over the players.
Title: Re: Between the gambler and the casino who lose more Post by: Odusko on August 26, 2024, 12:02:45 PM A new casino would already have funds available for their customers who wins if not it shows that they are not serious and don't want to build their reputation or gamblers will see them as scam. Funds is one of the major requirements any casino needs to grow at the beginning. Because when gambler's win and their are not able to pay out because of the amount, it is important that there is alternative for to out whatever amount that comes from bets on that casino as well, unless if the team just decided to be scam Title: Re: Between the gambler and the casino who lose more Post by: bangjoe on August 26, 2024, 12:31:59 PM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? This is a bit difficult to discuss in my opinion, because basically what we know is that casinos will still win no matter what, maybe you are right that there are gamblers who get big wins at one casino, but we don't know how many people lose at the same time with amounts that may be much greater than the winnings obtained by that one person. Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. In this case we do not know how many people won and how many people lost, and also how much capital was spent by the casino to do so, unless we can find out the data, maybe there we can discuss by data and realistic calculations of profits and losses. Title: Re: Between the gambler and the casino who lose more Post by: Mpamaegbu on August 26, 2024, 12:52:28 PM Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. The odds of losing are always stacked against gamblers than they're against casinos. Apart from the house edge, there's also that limitation in some casinos on cash out. Sadly, casinos don't place such limitation on losing bets so gamblers can be saved the headache of further heartbreak. The obvious fact is that if gamblers had upper hands over casinos in their wins we wouldn't be having more casinos and betting companies spring up yearly, IMO.Gamblers are like guests while casinos are the house owners. No one knows your house better than you do. Title: Re: Between the gambler and the casino who lose more Post by: shield132 on August 26, 2024, 12:59:19 PM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? If you mean a startup casino, then they need a high budget to stay in business and profit because, with a short budget, they are in a dangerous zone. They need to adjust the maximum winning to their budget. They need to mathematically consider every risk and have always plan B to overcome any challenges that they'll face. Once a startup casino becomes a well-established business on the market, then their business will be safe. I can guarantee you that on a long-term basis, the casino wins because every game has higher than 0% house edge, which mathematically, in case of 1% house edge that's popular in crypto casinos, means that casino has 51% of win while the user has 49% chance of winning. Long-term, this is a guaranteed win.Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. Title: Re: Between the gambler and the casino who lose more Post by: Issa56 on August 26, 2024, 01:03:40 PM most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, You can’t start a business, and you will be expecting profits instantly, so if any casino launches newly and gambler’s winning big instantly, they don’t have choice but to pay those people that win, and they will be at a loss, but gradually they will be able to recover their loss back, and they will be in profit, because we know gamblers are always losing more than how they win, so casino are always in profits, just that some might just take a little bit of time. so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? If casinos are not always benefiting, most of them will have closed down, they are running a business, and if it’s not in their favor, they don’t have choice but to close down. So you should know that casino houses are not always at a loss.Title: Re: Between the gambler and the casino who lose more Post by: GigaBit on August 26, 2024, 01:31:00 PM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? The house edge is not a big deal when it comes to gamblers winning big, especially if a casino has to pay out big rewards on the first day. The house edge means very little to a casino, but the house edge offers a huge income opportunity for casino companies where a large number of gamblers are gambling. As far as I know in gambling the casino has no loss. In a casino gambling platform, the games are arranged in such a way that if one gambler wins, the others will lose. Casinos don't gamble with their own money. Although initially a casino must have adequate money supply so that if a gambler gets a big win it has to be paid out quickly otherwise their reputation will be questionable. Of course the casino never loses. If it is happen that is temporarily. Casinos must be profitable in the long run.Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. Title: Re: Between the gambler and the casino who lose more Post by: stomachgrowls on August 26, 2024, 01:47:46 PM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? Obviously we could really be able to see that gambling casinos are really that increasing their numbers as years passing by on which this do simply means that this business is really that profitable.Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. It would really be that just that normal that there would really be gamblers who would really be able to take or make some huge win on which this would really be a disadvantage of gambling or casino business. Actually we do know that there's no such thing about risks free if we do speak about running a business on which it would really be that understandable that these are the conditions on which it would really be that making these businesses to be that on verge of bankruptcy specially if the winnings arent been able to control. This is why they would really be able to set max bets for max wins as part of their risks management too. In the long run then we do know that HE would really be giving out that advantage and this is what makes this business would really be sustainable or what makes them able to long run even further. This is why its not really that shocking that this business is really that profitable in the long run but of course it would really be depending on how many gamblers are really that playing on the platform. So it would really vary on different factors. Title: Re: Between the gambler and the casino who lose more Post by: hedgeh0g on August 26, 2024, 01:47:49 PM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? In a casino, you need to take into account many risks, otherwise we will fail. For example, you need to have a huge amount of money even at the very beginning to cover the costs of advertising, welcome bonuses and other things. At first, you need to invest money in the business so that over time the business begins to give this money back to us. However, today there are too many casinos and the competition here is very high, so I would not build a business on this today, but would look for more promising niches that are not yet fully occupied. Of course, you can try to do this, but before that you need to answer the question of how we will compete with huge casinos, because they have already made a name for themselves, and we have not. Probably, you need to offer players something new, something that others do not have.Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. Title: Re: Between the gambler and the casino who lose more Post by: Frankolala on August 26, 2024, 02:00:52 PM A new casino would already have funds available for their customers who wins if not it shows that they are not serious and don't want to build their reputation or gamblers will see them as scam. Funds is one of the major requirements any casino needs to grow at the beginning. Because when gambler's win and their are not able to pay out because of the amount, it is important that there is alternative for to out whatever amount that comes from bets on that casino as well, unless if the team just decided to be scam Just the way a gambler wins big, that is how a lot of gamblers will lose big amounts of money on that they so paying whoever wins big is not a problem to them, only if they choose not to. Casino is a very lucrative business these days. Title: Re: Between the gambler and the casino who lose more Post by: Blitzboy on August 26, 2024, 02:15:31 PM The casino serves purposes beyond only entertainment value and games. It is business. At that, a really excellent one. Their business is winning; they are not in the business of losing money. They exploit all of that to their advantage as they know human psychology, how to control risk, and so forth. Thats wise business; essentially, everyone can learn from it.
The gambler today tells another tale. Too frequently, they become absorbed in the moment, running after that elusive win. They lose view of the long-term prospects and the whole picture. They must back off, use critical thinking, and probe some difficult issues inside themselves. Why am I trying this? My actual winning chances are what? Above all, am I in control? Title: Re: Between the gambler and the casino who lose more Post by: naira on August 26, 2024, 02:22:08 PM Even until now the most disturbing perception in my mind is that they run a casino business that aims to seek as much profit as possible from games that can be controlled from within and make gamblers lose, especially in luckbased games where the system can be manipulated by them and then provide a few percent for gamblers who are given victory. Whether it is true or not until now the main method of running an online casino business that is first available is slot games, they usually have not launched sports betting because they have not collected money in their vaults.
Title: Re: Between the gambler and the casino who lose more Post by: coin-investor on August 26, 2024, 02:37:53 PM In general, the house always wins, and in some instances, if the gambler wins a tremendous amount of money to the point that the house cannot pay the winner, the casino can make an arrangement to pay the gambler on an instalment basis so the casino's funds will not be depleted.
It would be good if the casino did this; there are some instances where the casino will create a fake accusation so he can justify not paying the winner or, worse, run away to avoid paying the large amount of winnings. This is one of the exceptions, it's better not to think of beating the house, or you will regret it; people who lose a lot of money and become addicted are people who challenge themselves to beat the casino nd end up paying the price. Title: Re: Between the gambler and the casino who lose more Post by: panjul07 on August 26, 2024, 02:45:19 PM In the long run, gamblers are the one who lose more because casino is a business that generate profit due to the house edge consistently.
Casino may experience losses but as long as the bankroll is good enough and the gamblers keep coming then casino will get it back eventually. Of course it is also not a guarantee for anyone that casino will always give profit because business is still a business that should be managed wisely and professionally. Without good plan and management, a casino may get bankrupted because of big wins by players in the early days of maybe due to some unexpected things such as hacker or system abuse. Title: Re: Between the gambler and the casino who lose more Post by: Rampagoe004 on August 26, 2024, 02:49:27 PM I believe that if 100 gamblers stake their bet maybe 5 of them might win and their profit depends on the amount that they used in staking. Casinos are always in profit and gamblers are always at loss because in gambling you lose more than you win which I believe all gamblers have experienced this only few lucky ones who were able to win huge and quieted gambling. If most casinos are losing they would have packed up by now. I agree with you. If casinos were losing more then no one would open casinos and most casinos would be closed by now. Provably fair casinos also have mechanisms in place that will allow them to make a profit. This is a business, not a charity. So there is no way a casino would lose money by giving away a lot of money to gamblers. The odds of hitting a jackpot are very small. And people winning games and making more money than they spent are a risk to the casino owner, just like any other business. Title: Re: Between the gambler and the casino who lose more Post by: erep on August 26, 2024, 02:54:54 PM Even until now the most disturbing perception in my mind is that they run a casino business that aims to seek as much profit as possible from games that can be controlled from within and make gamblers lose, especially in luckbased games where the system can be manipulated by them and then provide a few percent for gamblers who are given victory. Whether it is true or not until now the main method of running an online casino business that is first available is slot games, they usually have not launched sports betting because they have not collected money in their vaults. Many gamblers think like your statement above, maybe they tell their experiences from betting activities at new casinos that manipulate games to increase team income, new casinos will not provide many sports bets or other bets that depend on real game results, they launch many system games that can be set to beat gamblers, so we must be selective in choosing a top casino to gamble and avoid gambling at new casinos that do not have a reputation and trust from real gambler feedback.I have never been interested in new casinos even though they offer many welcome bonuses and other bonuses, they just want you to register your account and you have to deposit funds for the terms of withdrawing the bonus that the casino has given. Title: Re: Between the gambler and the casino who lose more Post by: rahmad2nd on August 26, 2024, 03:16:24 PM ~~ Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. Honestly, i don't have a definite answer. i will speak simply, according to my knowledge. if i am wrong, please understand. based on several articles that i have read, usually casino businessmen are required to have healthy financial logistics. not only for those who win gambling or someone who wins a big jackpot, but for other operational costs. that's why, usually they have investors who can fund everything for the casino itself. moreover, as far as i know and experience, the risk of losing is much greater than the winning ratio that we can get in each gambling session. so, usually most gamblers lose. as for someone who gets a jackpot with a large nominal from gambling, whatever the type. i'm not sure they will go bankrupt immediately, if they don't take the scale into account. so with the system, they have a way to manage the casino and the percentage of expenses and income. Title: Re: Between the gambler and the casino who lose more Post by: Beparanf on August 26, 2024, 03:23:05 PM Provably fair casinos also have mechanisms in place that will allow them to make a profit. This is a business, not a charity. So there is no way a casino would lose money by giving away a lot of money to gamblers. The odds of hitting a jackpot are very small. And people winning games and making more money than they spent are a risk to the casino owner, just like any other business. Provably fair method of the casino doesn’t contain mechanism that allows them to win. In fact it helps players to assure that game is fair not one-sided game for the casino. Provably fair system was designed to make the game trust less since every game result can be verified in the blockchain. The house edge and human error are the factors that makes casino surely win in the long run. Also casino has a huge bankroll while players has limited bankroll that makes them easily bust by the casino in the long run due to the factors I mention above. Title: Re: Between the gambler and the casino who lose more Post by: adultcrypto on August 26, 2024, 03:30:11 PM If casinos lose more than the gamblers, there will hardly be any casino in operation because no one go into a business to lose money. Some times casinos may lose money but they generally at advantage that makes them come out profitable on the long run. So gamblers lose more but some gamblers have been able to improve their gambling to make more profitable for them. When I say gamblers losing more, I mean the number of gamblers that loses money are higher which makes the casinos come out profitable.
Title: Re: Between the gambler and the casino who lose more Post by: hahay on August 26, 2024, 03:41:11 PM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. The risk of losing is certainly greater for bettors, regardless of some casinos that may lose or there may be reasons for closing the casino itself. Because even though there are casinos that lose, but in reality only a small part and on the other hand they still have good profits too. After all, each platform also has at least a limit on the money that can be bet and thus, rich bettors who can bet with a lot of money certainly cannot arbitrarily bet with large amounts of money, because there is also a maximum bet. Because with the maximum limit on the money that can be bet like that, of course it will make the casino also remain in good control. So, even though there are those who win big, the casino has its own calculations so that when a gambler wins big, the casino will still pay it and the casino will not lose or go bankrupt. Thus, their situation will be fine, because the ones who receive more risk of losing are the bettors and not the casino. Title: Re: Between the gambler and the casino who lose more Post by: Sandra_hakeem on August 26, 2024, 03:48:48 PM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? it depends on the type of casino and games You're referring to... This looks to me as though you were really focused on crypto casinos as you made mention of in the context.. To the best of my knowledge, bookies are susceptible to making more profits than a gambler, even after paying atleast 95% RTPs and leveraging on just 5% house edge. If casinos lose more than the gamblers, there will hardly be any casino in operation because no one go into a business to lose money. Some times casinos may lose money but they generally at advantage that makes them come out profitable on the long run. So gamblers lose more but some gamblers have been able to improve their gambling to make more profitable for them. When I say gamblers losing more, I mean the number of gamblers that loses money are higher which makes the casinos come out profitable. It's actually an inverse proportion and operation... The book makers will set an algorithm in a way that the casinos will only lose once in every 30 or 40 rounds, putting the gamblers on a defensive end... This whole statistical evaluation is what every casino uses. No one would do a business that doesn't yield anything at the end ::)Title: Re: Between the gambler and the casino who lose more Post by: YOSHIE on August 26, 2024, 03:49:08 PM Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. If I'm not mistaken, I've read in magazines about the profits of the gambling industry per year, some of the gambling sites I've read about, they can make big profits every year, meaning that the average casino has a profit in running a gambling business.Meaning: in the gambling industry which has profits, namely casino owners, gamblers are not as lucky as casinos, although there are some who win, but they lose more than they win. I rate the ratio of gamblers with a win of 5/1: win once and lose 4X, this means the casino is superior to the gambler. Logically, you can see, gamblers and casino owners, which one is the richest, of course the casino owner, like GRANDPA ZEUS. I have seen a few gamblers who have won from gambling. Title: Re: Between the gambler and the casino who lose more Post by: Sandra_hakeem on August 26, 2024, 04:03:23 PM I can guarantee you that on a long-term basis, the casino wins because every game has higher than 0% house edge, which mathematically, in case of 1% house edge that's popular in crypto casinos, means that casino has 51% of win while the user has 49% chance of winning. Mhan, where did you get this information from? There's never even a time the house edge has been as low as 1%, thereby giving the gamblers a leverage that big... 49% chances of securing a win will wreck the casino in time.If I'm not mistaken, I've read in magazines about the profits of the gambling industry per year, some of the gambling sites I've read about, they can make big profits every year, meaning that the average casino has a profit in running a gambling business. Gambling is actually a profitable business, but the risk and selfless act, all in a bid to convince a user and incur much traffic is the most difficult part of... Signature campaigns, celebrity ads, bonuses, free spins, etc....Quote Logically, you can see, gamblers and casino owners, which one is the richest, of course the casino owner, like GRANDPA ZEUS. I have seen a few gamblers who have won from gambling. In a lower language; is you're winning too much, remember that someone else is losing!Title: Re: Between the gambler and the casino who lose more Post by: aioc on August 26, 2024, 04:14:26 PM If we consider the number, gamblers are losing their money fast than casinos folding, I seldom see casinos closing their shop because of their losses, but every day we hear and are sure of gamblers who lose their money from gambling,
The house always wins, and it's very true; running a casino is one of the most profitable businesses. If you can market your casino properly and build a community of returning players, then profit is guaranteed. Title: Re: Between the gambler and the casino who lose more Post by: usekevin on August 26, 2024, 06:58:49 PM The casino serves purposes beyond only entertainment value and games. It is business. At that, a really excellent one. Their business is winning; they are not in the business of losing money. They exploit all of that to their advantage as they know human psychology, how to control risk, and so forth. Thats wise business; essentially, everyone can learn from it. The gambler today tells another tale. Too frequently, they become absorbed in the moment, running after that elusive win. They lose view of the long-term prospects and the whole picture. They must back off, use critical thinking, and probe some difficult issues inside themselves. Why am I trying this? My actual winning chances are what? Above all, am I in control? Many gamblers thought gambling as the business as compared to consider it as the entertainment.Only few knowledgeable person know the gambling as the entertainment purpose,because entertainment was the primary source of the creation of gambling in the online form.The gamblers who play in the motivation of making money will get more emotion in the game compared to the enjoyment.So the emotional decision will make the gamblers to loss more,instead the gamblers will play the game with the old tactics to make more money in the short period of time.The gamblers should think differently to make money from the gambling site. Title: Re: Between the gambler and the casino who lose more Post by: darkangel11 on August 26, 2024, 07:57:46 PM IMO the gambler takes a bigger risk. It all comes down to liquidity and casino's liquidity is always going to be far greater than what a gambler can amass. Also, casino can limit max bet for a gambler but a gambler cannot limit how much the casino can take from him in a number of bets. In other words, the casino can stop high rollers from betting 100k or something like that, but it can allow them to spend 100k over the course of 10 bets and if they lose that money the casino will be happy to take it. IMO the casino is always in control, but it has to consider a situation where someone bets max and wins in first bet and can immediately stop playing and leave with the money. This is probably the worst situation for a casino.
Title: Re: Between the gambler and the casino who lose more Post by: |MINER| on August 26, 2024, 08:06:17 PM In the most cases, it is obiously true that the gambler loss and the casino win I mean there is a already says that "House always win".
It can be happened to the new arrival casino's that they loose at their business because of the poor strategy and the management but if you see the large scale we can disagree with that there are most the casino's don't have loss yes they giving the jackpot and as well as the others prize but it after having their profits. Title: Re: Between the gambler and the casino who lose more Post by: mirakal on August 27, 2024, 12:16:35 AM In the most cases, it is obiously true that the gambler loss and the casino win I mean there is a already says that "House always win". It is just accepting the fact, but in some instances, we never find it reasonable to think that they should always take money from gamblers, or else they are cheating. Some gamblers win while others lose, and the casino takes more—fees and commissions. That is why casinos are growing fast, and some people are interested in doing business like this because they are certain that they will gain profit as demand rises.It can be happened to the new arrival casino's that they loose at their business because of the poor strategy and the management but if you see the large scale we can disagree with that there are most the casino's don't have loss yes they giving the jackpot and as well as the others prize but it after having their profits. Casinos only lose if mismanaged, while gamblers lose because they are not lucky all the time. And it is quite clear for us to understand why the situation always favors the casinos but not gamblers. Title: Re: Between the gambler and the casino who lose more Post by: junder on August 27, 2024, 12:42:30 AM Many gamblers thought gambling as the business as compared to consider it as the entertainment.Only few knowledgeable person know the gambling as the entertainment purpose,because entertainment was the primary source of the creation of gambling in the online form.The gamblers who play in the motivation of making money will get more emotion in the game compared to the enjoyment.So the emotional decision will make the gamblers to loss more,instead the gamblers will play the game with the old tactics to make more money in the short period of time.The gamblers should think differently to make money from the gambling site. it is a problem that has happened a lot, by saying that many people do online gambling, of course most of the gamblers do gambling not with the perception of entertainment, where they do gambling thinking that it is something that can make money quickly unfortunately that is not true because with them having the perception that gambling is a way to make money it will only make them addicted and that allows them to become addicted to gambling which can also make them lose more money.I agree with you, indeed those who gamble with the motivation to make money will only make them emotional with the results that are certain to happen are losing money or experiencing defeat, and other things when they have played with uncontrolled emotions it can make them not think clearly with the actions taken most likely will not be considered first even though it is clearly high risk but they will ignore the risk. gamblers must be aware that in gambling the host will always win and this applies in the long term, for gamblers they only have a small chance compared to the host. Title: Re: Between the gambler and the casino who lose more Post by: Pandorak on August 27, 2024, 02:13:58 AM Casinos are businesses & not charitable organizations, they seek profit from what they do, from that simple logic we should have got the answer. I remember one of the users here who had an interesting thread, he made an interesting answer in his FAQ.
Q: How much money does an online casino earn? There are tons of casinos that are publicly trading, so their earnings are available to the public. For an example, you can Google Betsson AB Quarter Report, and you'll see that they are ranging around 50 Million per quarter, but they are also a huge operation that eats a lot of money by itself. Smaller operations usually earn anywhere between 250.000 to a million per month, but since it's such a volatile market, you have to have a fat war chest for hard times. It's still an online casino only, what if you operated a physical casino too? that's why gambling should be based on entertainment, otherwise you will be destroyed. You can visit his thread [1] & see many interesting questions & answers or raise questions that make you curious about all the operations there. [1] https://bitcointalk.org/index.php?topic=5482508.0 Title: Re: Between the gambler and the casino who lose more Post by: Yatsan on August 27, 2024, 03:15:10 AM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. At the level of risk factors, cryptocurrency gamblers and gambling operators are highly interlinked. With high early-stage risks, the business of casino operation needs to bear huge start-up costs in technical development, licensing, and marketing. What's more, they have to keep a deposit to afford large payouts, which can become an insurmountable obstacle if too many gamblers win big early on. But, even though they have a sharp house limit, in the long run they favor the casino, due to differences in gambling experience, new casinos can just face devastating losses in the short run. But gamblers risk their own money, and their chances of winning or losing are very much related to their bets. Although gamblers are the ones who suffer financially in the potential case of a loss of gambling privileges, a casino faces the risks of having to pay out substantial prizes and cover operational costs. Or, to be more specific, although the household model has its way of guaranteeing the profitability of a casino in the long term, meanwhile, in the short- term, particularly in the case of a just-started venture, the financial pressures and the volatility can make everything too risky. Title: Re: Between the gambler and the casino who lose more Post by: TopTort777 on August 27, 2024, 07:40:56 AM IMO the gambler takes a bigger risk. It all comes down to liquidity and casino's liquidity is always going to be far greater than what a gambler can amass. Also, casino can limit max bet for a gambler but a gambler cannot limit how much the casino can take from him in a number of bets. In other words, the casino can stop high rollers from betting 100k or something like that, but it can allow them to spend 100k over the course of 10 bets and if they lose that money the casino will be happy to take it. IMO the casino is always in control, but it has to consider a situation where someone bets max and wins in first bet and can immediately stop playing and leave with the money. This is probably the worst situation for a casino. There is a always another side of the coin. That gambler, if the casino is not kissing his ass the time, could leave, but casino can not close in 1 second and sell its property for the price they have bought it. If we talk about risk, a gambler risk only with his own money, but casino risk with own money, reputation and is force to fight against competitors all the time. Add those who try to cheat. Title: Re: Between the gambler and the casino who lose more Post by: traderethereum on August 27, 2024, 07:58:37 AM In the most cases, it is obiously true that the gambler loss and the casino win I mean there is a already says that "House always win". But gamblers will lose their money more often than the casino because when gamblers lose, many of them can not accepts their losses and will return to casino to recover their lose money. That makes many people lose more money but they still don't know if the casino will takes all of their money if they can not control themselves.It can be happened to the new arrival casino's that they loose at their business because of the poor strategy and the management but if you see the large scale we can disagree with that there are most the casino's don't have loss yes they giving the jackpot and as well as the others prize but it after having their profits. That will also happen to us if we can not limit our gambling activity so we must realizes that gambling is not for making money. Casino will be the winner and not lose too much money and even casino lose and pay much money to a lucky gambler, casino can takes more money from the lose gambler. If you don't want to lose more money, you must limit your money and always use small bet to playing gambling. That can prevents you from the big lose and you will not thinks about recover your money because you know that will difficult. Title: Re: Between the gambler and the casino who lose more Post by: Don Pedro Dinero on August 27, 2024, 07:59:46 AM Well, it is clear that it is the gambler who loses, especially when it comes to pure casino games. What the casino can have are ups and downs in its bankroll depending on the luck of certain whales. Years ago I invested in casino bankrolls and you could clearly see when a whale had been lucky, but the long term trend is towards more and more profit.
All that glitters is not gold though, as casinos can go bankrupt if they are not managed well, and Trump has had some of his casinos go bankrupt. Title: Re: Between the gambler and the casino who lose more Post by: Su-asa on August 27, 2024, 08:08:03 AM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. The obvious answer is the gambler, but one thing about gambling is people lose and people win but one thing that remains constant is the fact that the house is always In profit, when it comes to casino games there are no ways to outsmart the bookmakers or strategies that can constantly put you in profit it's just based on hundred percent luck. This is why sports betting is quite better than casino games, I'm not saying that you have a hundred percent chance of getting rich through it but the chances of having an edge over the bookmakers is quite high compared to casino games Title: Re: Between the gambler and the casino who lose more Post by: Oluwa-btc on August 27, 2024, 11:33:36 AM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. Concerning this thread I think the casino are in so much profits than the gamblers,cause in most daily gambling activities the gamblers tend to lose in the aspect to have bet with huge money and lucks weren't on their side,they also gamble more inorder to chase over what was lost but for the casinos it's not same for them. As per what they are into its quite different, definitely they are making alot of money from it cause the higher the chances of losses for the gamblers the more income it generates for the casinos but talking about new casinos they are prone to have losses depending on some factors that tend to be favourable to the gamblers,and for a start let's say they need to know the strategic plan to make the management and the process works.they don't mind loosing at first instant to generate more later on as time goes on. Title: Re: Between the gambler and the casino who lose more Post by: Dewi Aries on August 27, 2024, 03:20:46 PM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. The obvious answer is the gambler, but one thing about gambling is people lose and people win but one thing that remains constant is the fact that the house is always In profit, when it comes to casino games there are no ways to outsmart the bookmakers or strategies that can constantly put you in profit it's just based on hundred percent luck. This is why sports betting is quite better than casino games, I'm not saying that you have a hundred percent chance of getting rich through it but the chances of having an edge over the bookmakers is quite high compared to casino games Another thing, yes, I quite agree with your opinion that sports betting is much better than casino games, none other than because sports betting can potentially be more profitable because of the skills and knowledge that we can apply which can indirectly increase the chances of winning, but it does not mean ensuring that we will win, in the end, limits must always be applied. Title: Re: Between the gambler and the casino who lose more Post by: LogitechMouse on August 27, 2024, 04:13:14 PM --- I didn't ever hear of a start-up casino going bankrupt because a gambler won a huge amount.Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. I mean what are the chances of a gambler winning a very huge amount? Now compare it to the chances of a gambler losing on a casino. Even though there will be one gambler who will win a huge amount, there will be more gamblers who are losing money on the same casino hence, it will not go bankrupt, and in the long run, the gambler/s will lose even more than a casino. This is for me one of the reasons why casinos are profitable in the long run. Of course, house edge is also one reason, but there are many gamblers who are losing money than gamblers who are winning. One lucky gambler = 100 unlucky gambler. Title: Re: Between the gambler and the casino who lose more Post by: danherbias07 on August 27, 2024, 04:16:22 PM In the most cases, it is obiously true that the gambler loss and the casino win I mean there is a already says that "House always win". Errors, bugs, mistakes, incompetent developers, and more. Those are the reasons why a gambling business could fall down in their opening. That just means they didn't think well about how to make the system work on their side and not on the gambler's side. It can be happened to the new arrival casino's that they loose at their business because of the poor strategy and the management but if you see the large scale we can disagree with that there are most the casino's don't have loss yes they giving the jackpot and as well as the others prize but it after having their profits. The house will always win is definitely real and as a gambler, we must already accept in ourselves that winning against it will be a risky task. We may need to spend a lot of money before that happens or worse, it won't happen at all in our whole gambling experience until we are wrecked. The problem that I see is when the gambling site gives a gambler an initial win which could urge the gambler to play more and it will continuously happen until he tastes that win again. Greed will always come and avoiding that is difficult. Title: Re: Between the gambler and the casino who lose more Post by: Webetcoins on August 30, 2024, 05:58:21 PM You can always use the search function of our forum to know if there is an existing topic like this or not. I didn't do it yet but I can feel that there are none yet because firstly, I haven't seen one yet and then secondly, I think the answer to this is only obvious. That is, the gambler is the ones who can lose more because like you said, the casinos has more advantage than them.
I would like to add that the first few sentence that you said, makes the second thing that I said there less effective because I now realize that it is also possible for a casino to lose more than the gambler. The more it will happen because of the growing and tight competition in the gambling industry right now. Now that I know that the answer may not be really obvious, maybe there is really a thread like this in our forum? Lol. There are still challenges in your list that may not be really true and that is the first one or when the gamblers win a big amount of money because like we said earlier, casinos has the edge and they can as well limit the payout that the gambler can potentially win. As a gambler I can understand it if the casino is still new and then not really that popular. Title: Re: Between the gambler and the casino who lose more Post by: Juse14 on August 30, 2024, 07:31:05 PM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. A rather interesting subject commonly brought up in gambling discussions. Although casinos, including the new ones, may be at a financial risk if their players win by hitting jackpots, welcome to new taxes!, generally, casino operators are still advantaged over the long term on account of the house edge. This edge guarantees that even if some players do win big, the casino will still come out on top. On the risk aspect, gamblers are the ones usually under more threat. Besides having the opportunity to win significant amounts of money, players generally lose over a long period because of the house edge. In summary, both parties face risks but, typically, in greater danger are the gamblers rather than casino operators. This is because casino operators have relied on a model that has been profitable in the long run. Title: Re: Between the gambler and the casino who lose more Post by: DubemIfedigbo001 on August 30, 2024, 07:42:01 PM The casino serves purposes beyond only entertainment value and games. It is business. At that, a really excellent one. Their business is winning; they are not in the business of losing money. They exploit all of that to their advantage as they know human psychology, how to control risk, and so forth. Thats wise business; essentially, everyone can learn from it. The gambler today tells another tale. Too frequently, they become absorbed in the moment, running after that elusive win. They lose view of the long-term prospects and the whole picture. They must back off, use critical thinking, and probe some difficult issues inside themselves. Why am I trying this? My actual winning chances are what? Above all, am I in control? Many gamblers thought gambling as the business as compared to consider it as the entertainment.Only few knowledgeable person know the gambling as the entertainment purpose,because entertainment was the primary source of the creation of gambling in the online form.The gamblers who play in the motivation of making money will get more emotion in the game compared to the enjoyment.So the emotional decision will make the gamblers to loss more,instead the gamblers will play the game with the old tactics to make more money in the short period of time.The gamblers should think differently to make money from the gambling site. I think that instead of the gambler wasting lots of useful resources and time gambling on the casino, since most of them love being around the casino, they can reach an agreement with the casino and take up casino based professions like running ads for them or becoming their marketer like some of our campaign managers, that way the casino is making money for you and it is a win win situation, you bring more clients to the casino, they make more money, they pay you and you too make more money. Title: Re: Between the gambler and the casino who lose more Post by: dothebeats on August 30, 2024, 07:43:36 PM It would be nice for some statistics to be used in here, although i understand if this will not be the case considering that no casino will ever publish their PnL out in the open for statistics sake. Given that most games are always in favor of the house, there will only be a few instances where the player will win against the house. The bet size of the winning player also matters, as this will determine the potential profits and loss for the casino. It's not every that someone gets the max win on games in casinos, and the casinos would have probably taken a lot of money from its players before they can payout a max win.
It's good to infer on who's really taking the huge share of the pie in here, but due to our lack of visibility even on estimated figures, we can only know for certain that casinos will always win in the long run, provided they have enough funds to cover their initial losses before they can start taking profit again. Title: Re: Between the gambler and the casino who lose more Post by: Rockstarguy on August 30, 2024, 07:53:56 PM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? I don't know how casino companies start up at the beginning but I'm very sure that before anyone thinks of starting a casino their must be preparation especially in the financial aspect, and I'm sure a casino must have a winning limit for gamblers and must be ready to afford to pay every win no matter the amount. Casino business is all about planning which they will only approve stakes that they can afford to give out to gamblers.I think a casino is expected to have a given number of customers which they might have prepared to have some amount of funds which can be use to start up business even if there are much lucky winners. What you need to understand about gambling is that as some gamblers are winning more gamblers are also at lose too. Title: Re: Between the gambler and the casino who lose more Post by: carlfebz2 on August 30, 2024, 07:58:59 PM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? I don't know how casino companies start up at the beginning but I'm very sure that before anyone thinks of starting a casino their must be preparation especially in the financial aspect, and I'm sure a casino must have a winning limit for gamblers and must be ready to afford to pay every win no matter the amount. Casino business is all about planning which they will only approve stakes that they can afford to give out to gamblers.I think a casino is expected to have a given number of customers which they might have prepared to have some amount of funds which can be use to start up business even if there are much lucky winners. What you need to understand about gambling is that as some gamblers are winning more gamblers are also at lose too. at the end but you should really be having that proper planning and setting out limits or max wins and other correlated things if you dont really like for your business to bankrupt just because you had missed it out. We do know and wary that gambling business isnt really that something that could be considered cheap. This is why on the moment that you would be trying out to start up then you should really be having those reconsiderations and checks on how it should be done well in the first place. Title: Re: Between the gambler and the casino who lose more Post by: wheelz1200 on August 30, 2024, 09:23:57 PM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. Depends, I mean for the casino if they bust early I'm sure it's due to huge loses but online sites with a small stack would probably just bail and never to be heard from again or claim bankruptcy. So in this case I'd say the gambler risks more because it's a new site to begin with which is always risky since there is no track record yet. Title: Re: Between the gambler and the casino who lose more Post by: mirakal on August 30, 2024, 11:38:11 PM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? I don't know how casino companies start up at the beginning but I'm very sure that before anyone thinks of starting a casino their must be preparation especially in the financial aspect, and I'm sure a casino must have a winning limit for gamblers and must be ready to afford to pay every win no matter the amount. Casino business is all about planning which they will only approve stakes that they can afford to give out to gamblers.I think a casino is expected to have a given number of customers which they might have prepared to have some amount of funds which can be use to start up business even if there are much lucky winners. What you need to understand about gambling is that as some gamblers are winning more gamblers are also at lose too. Title: Re: Between the gambler and the casino who lose more Post by: Samlucky O on August 30, 2024, 11:53:44 PM It is obviously the Gamblers that loses more than the casino. Reason being that people loses alot before wining and that loses made by people has already increased the fund of the casino. that is to say even if casino starts today, and 1000 people play with $10 each that is a total of $10k. in that 1000 peoples, only 10 people may win and their win in total may not amount to that $10k it might just be like $1k or $2k and they are left with $8k or $9k profit including the initial amount that they started with. So even if someone wing huge initially and it reduces their start up fund, as time goes on they will recover because loses are more often than win.
Title: Re: Between the gambler and the casino who lose more Post by: nara1892 on August 31, 2024, 12:06:43 AM It is obviously the Gamblers that loses more than the casino. Reason being that people loses alot before wining and that loses made by people has already increased the fund of the casino. that is to say even if casino starts today, and 1000 people play with $10 each that is a total of $10k. in that 1000 peoples, only 10 people may win and their win in total may not amount to that $10k it might just be like $1k or $2k and they are left with $8k or $9k profit including the initial amount that they started with. So even if someone wing huge initially and it reduces their start up fund, as time goes on they will recover because loses are more often than win. Exactly, I think I also agree with your opinion, and the logic is how can visitors know about the recipe owned by a restaurant related to the delicious food they order, it is very unlikely, so is gambling because after all the casino is the one who makes, organizes the system and provides the game, we just come with money without knowing how to get the right or wrong way to get the victory provided.Like the analogy you describe and that is the casino scenario in terms of making a profit from the losses of gamblers, the casino takes advantage not from one but from most of the gamblers who play, and it is clear that the profits they manage to get are much greater than the winnings given by the gamblers. Title: Re: Between the gambler and the casino who lose more Post by: alegotardo on August 31, 2024, 12:07:27 AM I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself? Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more. There is a risk for new casinos, but it is very small. Every casino is "born" prepared for this and with enough cash reserves to cover any lucky players. Also remember that many new casinos distribute large amounts of bonuses to players in an attempt to quickly gain a following. So, the biggest risk for a new casino is that it does not have the stability to handle the demand for customers, because the more users that sign up, the greater the amount of money that will come in, reducing the risk. Some casinos also ask for a longer withdrawal period in the first few days, so that they can plan better and allocate the necessary resources for the payment. I see no problem with this, as long as, of course, the player is informed in advance. Title: Re: Between the gambler and the casino who lose more Post by: Jody.Drummer on August 31, 2024, 01:26:07 AM The casino regardless if it's a new start up or has been operating for quite long will never be at loss just because of big winnings of gamblers because realistically, there's more to losing than winning in gambling. Let's just say that you win consistently within this week, but I don't think the rest of the days will still favor on you. So you end up losing again until your whole winnings have started coming back to the casino again. That's how gambling works, and while you're in profits, a lot are also losing their funds so it's hard to see casinos totally at loss, unless if the casino itself is not operated properly by its manager or owner. that's right, some gamblers can get big wins or jackpots but that's nothing for the casino which of course they have already made more profit than the gamblers. the casino will not experience more losses than wins that is an absolute thing that can no longer be changed. the victory or profit owned by the casino is a definite thing, even I think the casino no longer needs to worry about the profits that the casino can get, it only has to monitor the casino running well including keeping it from having problems.everyone must have recurring thoughts, so when they win and have withdrawn their winnings and then enjoy the victory until it runs out when times like this they will have thoughts again to gamble again and this usually makes them trapped because when they experience defeat they usually will not give up but will continue to bet to get victory as before by unconsciously this makes them lose money even more than the amount of previous winnings obtained. so anyway the casino will still be superior in terms of victory. Title: Re: Between the gambler and the casino who lose more Post by: Frankolala on August 31, 2024, 07:59:30 AM It is obviously the Gamblers that loses more than the casino. Reason being that people loses alot before wining and that loses made by people has already increased the fund of the casino. that is to say even if casino starts today, and 1000 people play with $10 each that is a total of $10k. in that 1000 peoples, only 10 people may win and their win in total may not amount to that $10k it might just be like $1k or $2k and they are left with $8k or $9k profit including the initial amount that they started with. So even if someone wing huge initially and it reduces their start up fund, as time goes on they will recover because loses are more often than win. If casinos are losing we would not see new casinos coming out everyday by day because they would be scared of running out of lost that can lead to bankruptcy. But because the casinos are making huge profits from the gamblers, that is why you see that peopled are investing in casino business day by day.The huge win that a casino will pay out might be very little compared to the amount that one gambler lost in one day. No one can record or see the statistics of gamblers lost and their win if not you will understand that casino business is a get rich quick scheme, but it involves huge amount of money to set it up. It is only poor management or mismanagement of funds that can make a casino get broke and pack up. Title: Re: Between the gambler and the casino who lose more Post by: mirakal on August 31, 2024, 08:20:02 AM snipped~ that's right, some gamblers can get big wins or jackpots but that's nothing for the casino which of course they have already made more profit than the gamblers. the casino will not experience more losses than wins that is an absolute thing that can no longer be changed. the victory or profit owned by the casino is a definite thing, even I think the casino no longer needs to worry about the profits that the casino can get, it only has to monitor the casino running well including keeping it from having problems.everyone must have recurring thoughts, so when they win and have withdrawn their winnings and then enjoy the victory until it runs out when times like this they will have thoughts again to gamble again and this usually makes them trapped because when they experience defeat they usually will not give up but will continue to bet to get victory as before by unconsciously this makes them lose money even more than the amount of previous winnings obtained. so anyway the casino will still be superior in terms of victory. Nobody cares to do this kind of stuff if it is a losing business in the first place, but because of the huge profit potential from this, they take risks and win. That is probably enough to determine that the casino has too much to earn while gamblers get little. Title: Re: Between the gambler and the casino who lose more Post by: $weetne$$ on August 31, 2024, 10:02:15 AM If casinos are losing we would not see new casinos coming out everyday by day because they would be scared of running out of lost that can lead to bankruptcy. But because the casinos are making huge profits from the gamblers, that is why you see that peopled are investing in casino business day by day. Casinos can not be losing money because we have new sets of gamblers adding to those already gambling and most of them becomes addicted to gambling therefore gambling often on the casino. Casino do not have to do too much for them to have people gambling always with them. Once they have loyal customers, they are going to be making money frequently. Not many casino are going bankrupt because they have too much profit. Looking at sponsorship deals that sport clubs are getting, you can see how well the casinos are doing to be spending the quantity of money that they spend on clubs deals and there are many other deals that they are into. It is the gamblers that are losing more money not casinos. Beside the amount of gamblers winning are not that much. Title: Re: Between the gambler and the casino who lose more Post by: Gheka on August 31, 2024, 12:28:44 PM If casinos are losing we would not see new casinos coming out everyday by day because they would be scared of running out of lost that can lead to bankruptcy. But because the casinos are making huge profits from the gamblers, that is why you see that peopled are investing in casino business day by day. Casinos can not be losing money because we have new sets of gamblers adding to those already gambling and most of them becomes addicted to gambling therefore gambling often on the casino. Casino do not have to do too much for them to have people gambling always with them. Once they have loyal customers, they are going to be making money frequently. Not many casino are going bankrupt because they have too much profit. Looking at sponsorship deals that sport clubs are getting, you can see how well the casinos are doing to be spending the quantity of money that they spend on clubs deals and there are many other deals that they are into. It is the gamblers that are losing more money not casinos. Beside the amount of gamblers winning are not that much. Title: Re: Between the gambler and the casino who lose more Post by: CageMabok on August 31, 2024, 12:57:17 PM There is actually a low percentage for casinos to go bankrupt and lose because first of all what they are managing, the games are based on formulas from the beginning as well as catalysts from them to change the outcome, in addition, the capital as well as the dispersion of gamblers according to many different ideological streams, the capital is too thick and provides unreasonable rates, making players have many doubts. Once the gambling community is not unified, the casino's chances are greatly increased. Unless there are competitors or strong legal crackdowns, it is difficult for gamblers to overcome this service provider. Casinos will indeed be difficult to go bankrupt if there are always players who put more of their capital there and play every day as usual. Now there are quite a lot of casinos and they also continue to compete with every competitor who provides various services so that casino owners will continue to do everything to not go bankrupt and one of them is to attract more enthusiasts who want to play at their casino. What you said is also quite reasonable because considering that casinos always have good governance so that they keep them away from bankruptcy.Title: Re: Between the gambler and the casino who lose more Post by: JollyGood on August 31, 2024, 01:11:56 PM The OP had made three posts and two were on the day he created the thread and the other was a day later. He is posting elsewhere because this thread has probably bored him as well as almost everybody else. If only he had locked it when he decided he was not getting enough merits to keep posting here therefore is meeting his signature quote elsewhere. In the meantime, signature spammers are happy.
Title: Re: Between the gambler and the casino who lose more Post by: pawanjain on August 31, 2024, 01:40:14 PM Depends, I mean for the casino if they bust early I'm sure it's due to huge loses but online sites with a small stack would probably just bail and never to be heard from again or claim bankruptcy. So in this case I'd say the gambler risks more because it's a new site to begin with which is always risky since there is no track record yet. In the short term the gambler might be in profits if he is getting lucky but over the time it's the casino who wins and stays in profits. Casino sites are designed in such a way that many gamblers tend to lose as long as they keep playing. Title: Re: Between the gambler and the casino who lose more Post by: traderethereum on August 31, 2024, 01:44:01 PM It is obviously the Gamblers that loses more than the casino. Reason being that people loses alot before wining and that loses made by people has already increased the fund of the casino. that is to say even if casino starts today, and 1000 people play with $10 each that is a total of $10k. in that 1000 peoples, only 10 people may win and their win in total may not amount to that $10k it might just be like $1k or $2k and they are left with $8k or $9k profit including the initial amount that they started with. So even if someone wing huge initially and it reduces their start up fund, as time goes on they will recover because loses are more often than win. Yes, that is right especially if gamblers become greed and still want to chase their winning. The situation will change fast without they realizes so instead winning the games, they start to lose their money including their winning.If they can be wise playing gambling, they will withdraw their win money and will not continue gambling because they think that is enough to gambling for that day. They can return to casino in other days especially if they have free time so they will not risks more money to playing gambling. Casino will win the most than gamblers so we must know that we don't have to bet using big money. Even we increase our bet, that doesn't mean we can win easily because the casino will takes our money without we realizes so we must know how to stop gambling immediately. |