How does provably fair environment ensure the survival of gambling houses.

[jrrsparkles]

I mean it is a fair environment for both a gambler and a gambling house so either anyone may lose all their money. How gambling houses are avoiding big loses to their customers because they are only having provably fair games and anyone could be the winner at the end of day.

I know the gambling business is a saturated one nowadays and there is a heavy competition among houses. But, basically with provably fair thing, I am afraid that houses cannot be sure about being profitable within existing customers base and their spending money.

In some sense, when a gambling house grows bigger in terms of customer base, the chances to be defeated in the provably-fair-environment is more. Does it mean there is only 50% chances to be successful as a gambling business owner?

What am I missing and how we do have lots of gambling houses when provably fair is a neutral to them?

Gambling sites are surviving from players losses, if you see the probability of winning on any casino game then it will be 1/10 or lesser to most game so house has better chance if more players are playing and you calculation or query about their survival will fit if house has only one player on that site.

[owengtam09]

I think the house always wins, especially if there are always a lot of gamblers playing inside the house even though we all know that every game there is always who wins even though that is not us but there are also some games that you are only the one who plays and if you lose the house wins so the house still wins. Not all our gambling game results are always positive.

[Ucy]

As it is already said, the house edge guarantees that the gambling website is profitable. The house guarantees that the house beats gamblers in the long term. Besides, Gambling websites consider a maximum amount for the profit a gambler can earn in a single bet. And every single bet is independent form other bets, a gambler might bet a huge amount which is more than the amount the house can afford to pay.

How about changing account or gambling with multiple accounts to bypass the limit?
If the maximum profit is not fixed, it could be changed as they wish?
Well, I guess this limit setting by gambling websites should be part of what provable fair can prevent or make more transparent to  gamblers?

[Debonaire217]

I think the house always wins, especially if there are always a lot of gamblers playing inside the house even though we all know that every game there is always who wins even though that is not us but there are also some games that you are only the one who plays and if you lose the house wins so the house still wins. Not all our gambling game results are always positive.

And most of the time, the number of winners is less compared to those who bet and lost the game. In this case, the house is having the higher percentage of profit but if you are the lucky winner of a game, it is sure that you can get too much. But the chances of you winning is low.

[peter0425]

I never thought that bookies could lose. as I know my own experience when playing both gambling online gambling and offline gambling, I more often lose than win. and I don't think it just happened to me, even though there are people who win a lot from gambling on the other hand there are definitely people who lose a lot too. I think the bookies of the possibility of losing globally is very small.

but what OP is mentioning are about Fair Environment meaning the house gives higher chance of wining from the players than loosing.
though this is very few(actually i think i have not experienced playing in one)i believe that they can survive by adjusting the winning chances.

There is fixed house edge, even when player wins there will be small percentage that goes to the house, technically house can never lose in long term.

this may be one of the reason for them to survive because at least there are surely income in every game,players win house will gain as well.

[imstillthebest]

I think the house always wins, especially if there are always a lot of gamblers playing inside the house even though we all know that every game there is always who wins even though that is not us but there are also some games that you are only the one who plays and if you lose the house wins so the house still wins. Not all our gambling game results are always positive.

And most of the time, the number of winners is less compared to those who bet and lost the game. In this case, the house is having the higher percentage of profit but if you are the lucky winner of a game, it is sure that you can get too much. But the chances of you winning is low.

chances of you winning will also depend on the different factors e.g luck , type of game , how much house the casino have , how much your back roll and many more  .  i think if you can have all these factors equally i dont know if you cant still win but we all that not all can fulfill those requirements so their chances of winning are always cut .  provably fair isnt the only one factor to base if how long a gambling site can survive but also depend on other factor as well like how much thier capital, what is thier advantage on why gamblers will keep playin on them , etc .....

[alexsandria]

Fair environment? I don't think there is a fair environment in those gambling houses. Gambling sites are always winning this. Besides when we says fair environment we are always thinking about gambler-centered environment though it is but the thing is, it is either win or go home lose. Applying the idea of fair environment, it would be all about the player and not the system itself, it will turn out to be more like their gain came from rental stuff, entrance something like that.

[Casdinyard]

Fair environment? I don't think there is a fair environment in those gambling houses. Gambling sites are always winning this.

I would agree and seemsOP misunderstood the house edge and provably fair.
More likely the percentage of provably fair is just a show up and at the end of the day the house always win.
How do you think casinos survive? Taking to account of their expenses --- I guess no casinos will continue to operate just for the sake of players.

[joshy23]

I think the house always wins, especially if there are always a lot of gamblers playing inside the house even though we all know that every game there is always who wins even though that is not us but there are also some games that you are only the one who plays and if you lose the house wins so the house still wins. Not all our gambling game results are always positive.

The generated profits out from this business came from those gamblers who will stay long inside the house. Since there's always HE that is really the biggest advantage of the owners of the house. When there's more gamblers to play the more profits the house will take, the reason why gambling owners
make sure that they will attract more players to the point that they will give bonuses to make sure that players will be satisfied and keep coming back.

[DoublerHunter]

Fair environment? I don't think there is a fair environment in those gambling houses. Gambling sites are always winning this.

I would agree and seemsOP misunderstood the house edge and provably fair.
More likely the percentage of provably fair is just a show up and at the end of the day the house always win.
How do you think casinos survive? Taking to account of their expenses --- I guess no casinos will continue to operate just for the sake of players.

^ Definitely right, because the house edge is the main revenue from the owner and a gambling platform won't survive if they dont have revenue. They always say this promising word the provably fair but the fact, it's really hard to defeat the house edge and it is always in favor of them. This is clear that gambling is not good for chasing money, it just for fun and if you are lucky enough, you can defeat the house edge as well.

[sunsilk]

They can survive despite of the competition's heavy presence. I think op you got already the answer that you're looking for. One's the casino has already the user base and they are having an acceptable number of daily users.

The thing that they'll get busy is to maintain the site and to sustain other costs through the said factor by most.

[tbterryboy]

I like to appreciate your cross-thinking like most people here are worrying about survival of gamblers in provably fair environment whereas no one question about casinos for same set of conditions. Your question is sounding like doubting about the reliability of provably fair still houses are taking commission from gamblers in the name of house-edge which is also covered by provably fair environment.

I guess you might have got your answer from so-far conversation hence it would be much better you go locking this topic as it may turn supporting spammers. (It is always a good practice to lock a discussion after it served its purposes)