[Video] How do Casinos make money?

[yinoye]

I agree with the video to an extent. The big players which includes the casino owners feed on psychology of betters. Also for every match it bet placed, a commission is charged on it irrespective of the outcome.

[Ucy]

I couldn't watch the video unfortunately but the idea i get from what I have read so far from the responses is that the casinos have crafty ways of luring gambling and getting them to gamble excessively.

  The use of beautiful ladies is what I found most interesting. I  have always wondered what beautiful ladies do in casino. Now it makes sense.

[TimeTeller]

Just stumbled upon this video while surfing youtube out of boredom: https://www.youtube.com/watch?v=yXlLsg9t5jU&t=338s This really hits the spot and shows what really runs the gambling industry. No, it's not money addiction or the hobby to get rich. It's much more than that. It's very much psychological!

I don't know how much it's relevant to the online gambling scenarios but definitely worth checking it out.

i'm a very regular player "poker" not to much gambling and its very true, very much is psychological, to have the best feeling ever inside, even when you lose and to be down money, they try to keep you inside to lose more.... inside a casino you never have a feeling of time or whatever, like when you go inside @clear day, you will never know if its dark outside or raining or whatever inside its always sunny and fun.... also not the exit and table settings very accurate
in belgium when i played cash game  in the casino of NAMUR, the poker tables closed always @ 3 in the night, while the roulette and other gamble games stayed open till 4.30 or something, offcourse all the dumb poker players lose some there
etc
very good video

So it is understandable if casinos are promoting the gambling addiction rather than address them, right?
Do they really care if you lost your lifetime savings? Nope. It is your problem not theirs.
So if you want a decent life without big debt incurred by your gambling activities, better moderate this habit.

[eternalgloom]

Aside from the content of the video (which is pretty interesting), I really can't stand this narrator's voice.
That said, more people should really be aware of how casinos trick you into spending more money.

The part where they explained how casinos are using near-misses on slot machines to make you think you're winning is pretty dirty actually.
It's weird that there aren't any laws preventing that, since it's basically a form of psychological manipulation designed to make you addicted.

[nakamura12]

I couldn't watch the video unfortunately but the idea i get from what I have read so far from the responses is that the casinos have crafty ways of luring gambling and getting them to gamble excessively.

  The use of beautiful ladies is what I found most interesting. I  have always wondered what beautiful ladies do in casino. Now it makes sense.

Well, gambling platform whether online or physical platform's goal is to earn profit from gamblers as fast as they can as many as they can. I think the use of beautiful ladies is to attract men and make them come to casino again. I think the casino owner would also hirr beautiful girls as the game's dealer like poker and other casino games in physical casino.

[Dreamchaser21]

Well The casino is a business establishment so what do you expect, A business needs to profit so they will sure do something to make a profit and even ending up a psychological technique to simply lure customers in playing in the casino, They will simply put what most people would like if not alcohol there will be beautiful women wandering around the casino and gamblers will accommodate them to impress them that they will make a win, But that's not the case because the house always wins and has a big edge in profiting than you, they will tend to exploit the weakness in the human brain to keep on playing, Well this video is very informative and can really help certain people who want to try to play on the casino.

That really the truth, because its a business that they should want to earn income, and that is there way or their techniques is to attract some gamblers. Therefore casinos dont mind if someone get addicted, only the important they earn.

Casinos are the only business who don't care about you, because they keep encouraging you to play more despite that you lose big money already and for sure every casinos know that thing. There are so many ways for them to earn, but of course its already on their system and luck can only your chance to earn money as well. Its a win win situation for every casinos, that's why many investors are trusting this kind of business.

[squatz1]

Thanks for the share up and i can say this is more psychological which i do really agree on what are the facts being pointed out on that infographics.

Just to point out some HE being mentioned on that video.

Slots HE- 17%
Keno- 25%
Blackjack - 0.8%
Craps- 0.8%
Baccarat- 1.06%

I fully agree on this line stated by a former dealer.

"I chose to leave because gaming exploits the negative characteristics of a human nature to extract as much money from each customer as fast and as frequently as possible."

This wont really be applicable on physical casinos but also on online casinos as well yet behavior can be seen either both sides.

There is a range for some of these though. I think slots are around 2-17 percent house edge. Blackjack is highly dependent on the player theemself, so that ranges from .2 - 2 percent. Others im not very sure of.

Do note that a large number of online casinos will actually use investors' bankroll in order to accept larger bets, this allows them to grow without their own money. They are obviously paying out profits to these people, but it's something to take note of as well.

[proTECH77]

Well The casino is a business establishment so what do you expect, A business needs to profit so they will sure do something to make a profit and even ending up a psychological technique to simply lure customers in playing in the casino, They will simply put what most people would like if not alcohol there will be beautiful women wandering around the casino and gamblers will accommodate them to impress them that they will make a win, But that's not the case because the house always wins and has a big edge in profiting than you, they will tend to exploit the weakness in the human brain to keep on playing, Well this video is very informative and can really help certain people who want to try to play on the casino.

That really the truth, because its a business that they should want to earn income, and that is there way or their techniques is to attract some gamblers. Therefore casinos dont mind if someone get addicted, only the important they earn.

I think more addicted the gamblers more gain from the casinos but less addicted from the gamblers less profits will they get in return. This is more reason why they will want you as a gambler to get addicted for them tongetbthe needed profits from you. In have loose some reasonable amount of fiats and cryptocurrency on gambling platform's because the games where addicted types.

[Oilacris]

Well The casino is a business establishment so what do you expect, A business needs to profit so they will sure do something to make a profit and even ending up a psychological technique to simply lure customers in playing in the casino, They will simply put what most people would like if not alcohol there will be beautiful women wandering around the casino and gamblers will accommodate them to impress them that they will make a win, But that's not the case because the house always wins and has a big edge in profiting than you, they will tend to exploit the weakness in the human brain to keep on playing, Well this video is very informative and can really help certain people who want to try to play on the casino.

That really the truth, because its a business that they should want to earn income, and that is there way or their techniques is to attract some gamblers. Therefore casinos dont mind if someone get addicted, only the important they earn.

Casinos are the only business who don't care about you, because they keep encouraging you to play more despite that you lose big money already and for sure every casinos know that thing. There are so many ways for them to earn, but of course its already on their system and luck can only your chance to earn money as well. Its a win win situation for every casinos, that's why many investors are trusting this kind of business.

Try to look at on how big gambling industry is,you would definitely say that this is a profitable business.Casinos do make gimmicks or offers that do make their players comfortable on playing like offering some juice and snacks and other perks which causes for players to stay into the casino until they wreck themselves.

High Houseedge and pure luck based games is everywhere into this place and for those people who do have deep pockets doesn't have a guarantee for not to get broke afterwards. 

[TheCoinGrabber]

A fool and his money is soon separated. Casino is all about fantasy. Everything is bright. All the women are beautiful. Every now and then someone wins the slots. It's a spectacle. I see this as no different from advertising.

Not so much with online gambling imo but that comes with its own pitfalls, namely it's easier to spend money when you can't touch and see it physically (as credit card debts has shown us).

  The use of beautiful ladies is what I found most interesting. I  have always wondered what beautiful ladies do in casino. Now it makes sense.

It's like having promo girls in car shows or in ads for unrelated products like beer. They're there to appeal to the libido.

[FanEagle]

Casinos are the only business who don't care about you, because they keep encouraging you to play more despite that you lose big money already and for sure every casinos know that thing. There are so many ways for them to earn, but of course its already on their system and luck can only your chance to earn money as well. Its a win win situation for every casinos, that's why many investors are trusting this kind of business.

I beg to disagree, they are not the only business that does not care but they are the only business that customers fall more to their tricks. Every business man is concerned about himself and the growth of his business and would do everything possible to make clients come for purchase but at the end of the day, it’s always the choice of the clients but this is not the same with gambling.

I really do not understand how gambling sites do it that despite how much lost by the players, they keep on playing and let’s be honest, casino operators do not encourage players to proceed with games when loosing excessively, it’s just the gamblers that choose to continue because of the fun in the games.

There are so many ways they make money aside what is lost by players, they make money from promotions and partnerships. It’s a good business

[Findingnemo]

I couldn't watch the video unfortunately but the idea i get from what I have read so far from the responses is that the casinos have crafty ways of luring gambling and getting them to gamble excessively.

  The use of beautiful ladies is what I found most interesting. I  have always wondered what beautiful ladies do in casino. Now it makes sense.

Well, gambling platform whether online or physical platform's goal is to earn profit from gamblers as fast as they can as many as they can. I think the use of beautiful ladies is to attract men and make them come to casino again. I think the casino owner would also hirr beautiful girls as the game's dealer like poker and other casino games in physical casino.

But I have seen many girls were brought by The Gamblers which is easier strategy to you distract your opponent while gambling because normally men will get tempted by seeing beautiful girls so there might lose their concentration on the games.

[Reatim]

This is truly real about video,free or paid drinks still intoxicating and distracting while playing.Women also divert attention such as blinding the players' decisions so that they become greedy,different from online casinos which we really have to fear yeah,even though they get full trust but still fear when choosing in the wrong place.

Well that’s part of the business strategy that’s why Casinos are hiring Beautiful women’s and handsome guys with pay decent just to gain attraction from players.and in this way they can have some distractions on how players decide to bet
And right about the drinks that offers as free but added some blocking’s on mind if we get tipsy so basically there’s a trick that casino is using to win against players lol

[STT]

This reminds me of the way strip clubs operate. You might think that getting a lap dance is the most expensive thing and that clubs mainly make money from that and the tips, but no. People are focused on how much a dance costs more than on the price of the drinks and drinks are what makes it profitable for the club.

A fool and his money is soon separated. Casino is all about fantasy. Everything is bright. All the women are beautiful. Every now and then someone wins the slots. It's a spectacle. I see this as no different from advertising.

Sell the experience, most people arent walking round with calculators trying to the exact best return for their money.   Rings true that the incidental costs are where the greatest profits are, like how car retailers or even manufacturers are making the most money on the finance for the car more then premium of the car itself which could be quite tight in comparison.    Servicing is another high premium area, because servicing a car is about the convenience, there is profit to make.

[Best Dreams]

Well The casino is a business establishment so what do you expect, A business needs to profit so they will sure do something to make a profit and even ending up a psychological technique to simply lure customers in playing in the casino, They will simply put what most people would like if not alcohol there will be beautiful women wandering around the casino and gamblers will accommodate them to impress them that they will make a win, But that's not the case because the house always wins and has a big edge in profiting than you, they will tend to exploit the weakness in the human brain to keep on playing, Well this video is very informative and can really help certain people who want to try to play on the casino.

That really the truth, because its a business that they should want to earn income, and that is there way or their techniques is to attract some gamblers. Therefore casinos dont mind if someone get addicted, only the important they earn.

Yeah in each things related to the gambling has some skills I know for this we will shave to learn but once you get the skill of only winning without lose I am sure you won’t try anything else spending your money in casino is the safe way to gamble as it helps earn face to face without any critical problem.

[bitgolden]

Well The casino is a business establishment so what do you expect, A business needs to profit so they will sure do something to make a profit and even ending up a psychological technique to simply lure customers in playing in the casino, They will simply put what most people would like if not alcohol there will be beautiful women wandering around the casino and gamblers will accommodate them to impress them that they will make a win, But that's not the case because the house always wins and has a big edge in profiting than you, they will tend to exploit the weakness in the human brain to keep on playing, Well this video is very informative and can really help certain people who want to try to play on the casino.

That really the truth, because its a business that they should want to earn income, and that is there way or their techniques is to attract some gamblers. Therefore casinos dont mind if someone get addicted, only the important they earn.

I would say that it’s not the plan of any casino owner to see its users get addicted, yes they might use all kind of strategies to attract and to keep users busy but they expect they gamblers to use their brain, which any business person would do. For instance, I own a beauty salon and I put in so many gadgets to keep my customers entertained, the reason is to see them happy and enjoy the service I render but I do not expect them not to go home as at when due, this is the same thing the casino houses do.

I like every strategy I see with gambling and I try to apply same to my businesses and its really helpful, this place is about learning and improving and this is what I have gained and still gaining in the time past.

[justdimin]

Business is business, casino owners would love gamblers to get addicted to gambling because that’s when they can get money of profit from. They don’t mind anything else, all they have to do is set up a very good house edge and offer provably fair games to entice gamblers and gamblers will do the rest.

Yes, I would like to add that I do not blame the casino site, like you said and I agree, business is business. This people are doing everything within their means to maintain the profit base but then I feel sorry for the stupid players that would fall and keep on falling to this trick. It’s a pity I must say, and the worst of them all are those who claim to be playing for fun, like seriously??? Someone is somewhere making money on you and you are gladly happy paying in the name of having fun?? That’s one thing I dislike

If casino houses are for profit making, then players should also be involved with the aim of making money. Let’s call a spade a spade, this people are extorting gullible users in the name of offering a platform for entertainment

[swogerino]

This reminds me of the way strip clubs operate. You might think that getting a lap dance is the most expensive thing and that clubs mainly make money from that and the tips, but no. People are focused on how much a dance costs more than on the price of the drinks and drinks are what makes it profitable for the club. They're at least 3 times more expensive than in a pub. Gamblers focus on the game they come to play, like roulette, but while they walk around they casually spend a while at a slot machine, order a few drinks, and don't even remember doing it because they came for roulette and that's all they think about all evening.

That is how gambling and many related businesses make money,they don't just offer a single service,I am going very far now but in Las Vegas you have hookers lying around the casinos and you can go upstairs easily in the hotel,it is much more than gambling and this is why these businesses make money easily.

[Babyrica0226]

Just stumbled upon this video while surfing youtube out of boredom: https://www.youtube.com/watch?v=yXlLsg9t5jU&t=338s This really hits the spot and shows what really runs the gambling industry. No, it's not money addiction or the hobby to get rich. It's much more than that. It's very much psychological!

I don't know how much it's relevant to the online gambling scenarios but definitely worth checking it out.

Obviously, without the gambling players casino whether online or not they won't get any profit, for sure the house edge can't get any fund from the players. Especially in online once the online gamblers get in to their platform and deposit there is 100% waiting for sure for the house edge to get profit. But if the players are lucky, As far as I know they can able to control the games.

[shoreno]

This reminds me of the way strip clubs operate. You might think that getting a lap dance is the most expensive thing and that clubs mainly make money from that and the tips, but no. People are focused on how much a dance costs more than on the price of the drinks and drinks are what makes it profitable for the club. They're at least 3 times more expensive than in a pub. Gamblers focus on the game they come to play, like roulette, but while they walk around they casually spend a while at a slot machine, order a few drinks, and don't even remember doing it because they came for roulette and that's all they think about all evening.

That is how gambling and many related businesses make money,they don't just offer a single service,I am going very far now but in Las Vegas you have hookers lying around the casinos and you can go upstairs easily in the hotel,it is much more than gambling and this is why these businesses make money easily.

Not just in Las Vegas but even in most of the countries,casinos have different tricks to entice people to keep on gambling even if it means making their own pockets empty at the end of the day.Casinos will not come out if they won't be making big profits from their players,that their main goal in opening a casino.

on our place most casinos here are normaly operating without any gimmiks  . they dont even have any special admissions or entrance fees  . you can just go inside and play any games you want . casinos still earns money because there will always be more loosers more than winners  .

its also normal that you can spend your money on the games that you dont think to spend with if there is no vancies on the game that you like to play but this is only applicable on live/offline casinos