Is this safe to say this about casino platforms

[AicecreaME]

I personally feel like its impossible for business to run directly by money from customers. At initiation phase all businesses including crypto casinos need huge amount of money, just for regulations for example. There will always be not expected cost as well. It can be very easy to bankrupt in a month where you don't make money. Its not limited with costs. You need taxes even if you don't operate in tax Haven country. Everything about gambling business sucks money.

Agree. There are other expenses that they have to take care of in the very beginning of the establishing a casino such as paying for the license, registering their permit to operate, and the fees for establishing the website itself by paying the developers for the user interface and layout design of the casino website in which the professional fee is a hefty amount as well.

There are also maintenance fee and other fees they have to pay for the security of their website. Campaigns and promotions are going to be paid too for players to be enticed in what they are to offer. You see, those initial stages of implementing a casino website is costly already. Hence, they have to have an amount that is more than enough to pay their obligations to their very own casino and to the potential players.

[Mauser]

Is it safe to say that casino platforms is running their business with users find only? I read somewhere that they pay winners with losers money, I couldn't ask him or her if a casino can start business with zero fund at hand, I know that most of them wired their system to favour them more ( lose more and win less ) , if not they will run out of business fast I belief, what do you think about this? Was I wrong about this? Come to think of this, there is no prove that they have some money to pay winners.

No you can't start a gambling business without any funds at hand. Casinos are a games with a lot of randomness, especially in the beginning when there are not so many customers yet there is no guarantee that you are going to make a profit. Let's say you have a very lucky gamblers who manages to only plays roulette and doubles up his money a few times in a row. What are you going to do if he wants to withdraw his money? You can't start a new business and directly have trouble playing back customers or even worse, go into default. You are right that the casino pays out the winners with the money they make from the losers minus their expenses and taxes. The casino needs a large number of customers to be profitable and of course a large enough bankroll to pay out lucky winners. As long as there is no legit accusations that the casino is not paying out winners we shouldn't be too concerned. Why would a successful business who has been around for years risk losing everything by not paying out one winner? Once word gets out that the casino is not paying customers anymore no one is going to play there anymore. You can only lose your good reputation once and there is no coming back from it.

[danherbias07]

I personally feel like its impossible for business to run directly by money from customers. At initiation phase all businesses including crypto casinos need huge amount of money, just for regulations for example. There will always be not expected cost as well. It can be very easy to bankrupt in a month where you don't make money. Its not limited with costs. You need taxes even if you don't operate in tax Haven country. Everything about gambling business sucks money.

Correct, not even ICO-starting gambling sites are zero balance before they start. Sure, they seek help from investors for their capital but it doesn't mean they won't spend some before that happens. Website developers, encoders, graphic designers, and more. All of those people who have those skills will need a budget for their work and even if they are promised to be paid in the future they will require some payment for their own necessities.
Even if they are friends or part of his team, money will be an essential part while waiting for investor funds.
Wherever OP heard the news must be from someone whose just bragging about the successful gambling site he have but I doubt he didn't spend anything.

[Blitzboy]

Is it safe to say that casino platforms is running their business with users find only? I read somewhere that they pay winners with losers money, I couldn't ask him or her if a casino can start business with zero fund at hand, I know that most of them wired their system to favour them more ( lose more and win less ) , if not they will run out of business fast I belief, what do you think about this? Was I wrong about this? Come to think of this, there is no prove that they have some money to pay winners.

No you can't start a gambling business without any funds at hand. Casinos are a games with a lot of randomness, especially in the beginning when there are not so many customers yet there is no guarantee that you are going to make a profit. Let's say you have a very lucky gamblers who manages to only plays roulette and doubles up his money a few times in a row. What are you going to do if he wants to withdraw his money? You can't start a new business and directly have trouble playing back customers or even worse, go into default. You are right that the casino pays out the winners with the money they make from the losers minus their expenses and taxes. The casino needs a large number of customers to be profitable and of course a large enough bankroll to pay out lucky winners. As long as there is no legit accusations that the casino is not paying out winners we shouldn't be too concerned. Why would a successful business who has been around for years risk losing everything by not paying out one winner? Once word gets out that the casino is not paying customers anymore no one is going to play there anymore. You can only lose your good reputation once and there is no coming back from it.

Absolutely! Gambling businesses require a high level of planning and consideration before being launched, and this cannot be done without adequate resources. Casinos are games of chance and no amount of luck can guarantee a profit in the early stages when there are not many players. Even if a customer is exceptionally lucky and doubles their money a few times, the casino must be able to pay out the winnings.

Casinos rely on customers to generate revenue and cover their expenses, as well as taxes. Furthermore, they need a substantial bankroll to pay out the lucky winners. For this reason, starting a gambling business without adequate funds is simply not feasible. It is also important to keep up a good reputation in the gambling industry. If a casino fails to pay out a win, it could damage its reputation and lead to a loss of business. Word of mouth is a powerful tool and no casino can afford to have its name dragged through the mud.

Therefore, it is essential to have a substantial bankroll, a well-thought-out business plan and an excellent reputation before launching a gambling business. With the right resources and strategy, a casino can prosper and generate a steady income for its owners.

[GigaBit]

If you plan to enter into this casino business then you should be having huge bankroll also with you as for marketing and other promotions you need to spend money and later on also if someone wins big from your casino so you have to pay them off not only with losers money so don't think it's simple game as they will make profits also after paying to winners.

Definitely, at the beginning of this business one must keep a large amount as capital for his business. When the site is new there will be less number of gamblers. If a gambler wins a large amount in the beginning then the site must pay it. A lot of money is not required when the business got expanded. At that time it is also possible to fill it with money from gamblers. That's probably the aspect the OP deserve to focus on. But of course, before starting a gambling company, it is necessary to start with a lot of money, especially for development purposes and gamblers to provide betting money.

[TheGreatPython]

I personally feel like its impossible for business to run directly by money from customers. At initiation phase all businesses including crypto casinos need huge amount of money, just for regulations for example. There will always be not expected cost as well. It can be very easy to bankrupt in a month where you don't make money. Its not limited with costs. You need taxes even if you don't operate in tax Haven country. Everything about gambling business sucks money.

Correct, not even ICO-starting gambling sites are zero balance before they start. Sure, they seek help from investors for their capital but it doesn't mean they won't spend some before that happens. Website developers, encoders, graphic designers, and more. All of those people who have those skills will need a budget for their work and even if they are promised to be paid in the future they will require some payment for their own necessities.
Even if they are friends or part of his team, money will be an essential part while waiting for investor funds.
Wherever OP heard the news must be from someone whose just bragging about the successful gambling site he have but I doubt he didn't spend anything.

I think they can. We see that a crypto project team always consists of people who are experts in different fields. They can just use their own abilities to create and promote their project without needing to hire a different person as that will only be an added expense. After it, they can then run an ICO or something similar to gain investors who will fund their gambling site.

As long as the team have created a nice platform with great games and exciting features, investors will just flock around it dying to get their spot as they are also aware that this new and promising gambling platform can be the next big thing in the gambling industry.

[Yatsan]

If you plan to enter into this casino business then you should be having huge bankroll also with you as for marketing and other promotions you need to spend money and later on also if someone wins big from your casino so you have to pay them off not only with losers money so don't think it's simple game as they will make profits also after paying to winners.

Definitely, at the beginning of this business one must keep a large amount as capital for his business. When the site is new there will be less number of gamblers. If a gambler wins a large amount in the beginning then the site must pay it. A lot of money is not required when the business got expanded. At that time it is also possible to fill it with money from gamblers. That's probably the aspect the OP deserve to focus on. But of course, before starting a gambling company, it is necessary to start with a lot of money, especially for development purposes and gamblers to provide betting money.

A capital won't be only needed on the start but throughout your bsuiness' existence. Progress should be continuous in order for your players to stay and avoid moving to other gambling sites. Keep in mind that there are many existing online casino players could choose from so be sure that your platform would be most of the time considered by both new and old players in this industry. Effort and period of time would be needed as well not only a capital, to make a start in this industry. Thus, determining the edge of your online casino, would be a good idea to avoid unrealistic expectations. For sure it won't be easy to run your own platform.

[madnessteat]

Capital has the most important role in all phases of the casino, both at the launch and throughout its existence. After all, if the casino has no money to pay big winnings it can lose not only its reputation, but also its existence. After all, the reputation of the casino is one of the most important components of this business.

High-profile bankruptcies in cryptocurrencies made people think about the mechanism to prove ownership of funds, and I'm sure that after a while any platform that respects its customers will use such mechanism, including casinos. 

[Aanuoluwatofunmi]

Before a casino could come up to launch their website for gamblers to use and gamble on, they must have spent alot of financial resources in bringing up one into existence, there's no doubt that it's difficult to read or know the true mindset of a casino from being a genuine one or a fraudulent type not untill you give a try or receive recommendations from other gambler having their experience in the past, sometimes things also change and turn around for them that they landed where they never expected which i believe is part of the risk involved in creating an establishement, those that falls under this categories lack the funds to maintain their site functionality and the next they do is using the gamblers funds to secure back their state while the whole security system keep failing the more they tried to fixed it up, things like this actually happens and that's why a gambling casino must have enough financial stand before starting at all except they gave intention for manipulating things up along the way.

[maydna]

Capital has the most important role in all phases of the casino, both at the launch and throughout its existence. After all, if the casino has no money to pay big winnings it can lose not only its reputation, but also its existence. After all, the reputation of the casino is one of the most important components of this business.

High-profile bankruptcies in cryptocurrencies made people think about the mechanism to prove ownership of funds, and I'm sure that after a while any platform that respects its customers will use such mechanism, including casinos. 

Casinos that run their business using that strategy will not last long and will lose everything in no time. If there are more winners in the casino and the casino cannot pay out the winnings, the casino will get a bad reputation from gamblers, and they will quickly leave the casino.

That is why, if the casino wants to run its business, the casino owner must prepare a larger capital so that the casino can pay the winners. Casinos must try to get a reputation from gamblers who play in their place by always paying the winning money and without too complicated requirements.

[Rabata]

Capital has the most important role in all phases of the casino, both at the launch and throughout its existence. After all, if the casino has no money to pay big winnings it can lose not only its reputation, but also its existence. After all, the reputation of the casino is one of the most important components of this business.

High-profile bankruptcies in cryptocurrencies made people think about the mechanism to prove ownership of funds, and I'm sure that after a while any platform that respects its customers will use such mechanism, including casinos. 

I agree with your statement. If a casino fails to send a gambler's money, the platform loses everything. Casino owner spent so much money to build that gambling site that he can't keep anything. There will be a major scandal in his reputation. Moreover, some gamblers may suddenly win any large amount. If a casino operator can't control those situations, he can't run his business. So without money it is not possible to run this kind of business. If one thinks that a casino trader can run the business without money or that it is possible to run the business with the money of other gamblers, then his concept is completely wrong.

[slapper]

Capital has the most important role in all phases of the casino, both at the launch and throughout its existence. After all, if the casino has no money to pay big winnings it can lose not only its reputation, but also its existence. After all, the reputation of the casino is one of the most important components of this business.

High-profile bankruptcies in cryptocurrencies made people think about the mechanism to prove ownership of funds, and I'm sure that after a while any platform that respects its customers will use such mechanism, including casinos. 

Casinos that run their business using that strategy will not last long and will lose everything in no time. If there are more winners in the casino and the casino cannot pay out the winnings, the casino will get a bad reputation from gamblers, and they will quickly leave the casino.

That is why, if the casino wants to run its business, the casino owner must prepare a larger capital so that the casino can pay the winners. Casinos must try to get a reputation from gamblers who play in their place by always paying the winning money and without too complicated requirements.

I couldn't agree with you more that a secure cash flow is crucial to the success of any casino. It's important to keep the casino's good name in addition to paying out winners. It's common for dissatisfied customers to tell others about their experience. And in the competitive industry of online gambling, a company's standing among customers is crucial.

It's fantastic that you stress the need for a method to verify monetary ownership as well. It's reasonable that folks would be wary after hearing about so many high-profile cryptocurrency failures. In my opinion, casinos that put this kind of confidence in their customers' hands will stand out and gain a larger clientele.

As a result, players will always gravitate toward the casinos with the best reputations for promptly paying out prizes and maintaining a safe gaming environment.

[Quidat]

Casinos should have a profitable business in the long run (if everything goes well) and after they make some profit, they will be able to pay the winners with losers money.
This doesn't mean they can launch their business without any bankroll. They must have some money for paying the winners unless they want to scam the players.

This is why it is really that creating some trust or confidence for those platforms who do show up some part not the whole when it comes into their bankroll. You could obviously see it
on their site design and their marketing stance if they do really have the budget or not.We wont really be that dumb not to notice out even with the basics
on trying out to observe on what site is good looking and which site do really like a school project.You should be always keen on looking
about red flags specially for those who are just new into this industry.

[wxa7115]

I personally feel like its impossible for business to run directly by money from customers. At initiation phase all businesses including crypto casinos need huge amount of money, just for regulations for example. There will always be not expected cost as well. It can be very easy to bankrupt in a month where you don't make money. Its not limited with costs. You need taxes even if you don't operate in tax Haven country. Everything about gambling business sucks money.

It is very rare for any business to become profitable the moment it opens its doors, anyone which started a business before knows very well it may take months or even a year before you make any profits.

This implies a massive amount of capital is needed to support a new business as they have to pay for all kind of expenses, so it is very easy to dismiss the idea that a casino can run exclusively on the money it gets from its customers, at least on its early days, because once the casino has established itself then this could be possible.

[maydna]

Capital has the most important role in all phases of the casino, both at the launch and throughout its existence. After all, if the casino has no money to pay big winnings it can lose not only its reputation, but also its existence. After all, the reputation of the casino is one of the most important components of this business.

High-profile bankruptcies in cryptocurrencies made people think about the mechanism to prove ownership of funds, and I'm sure that after a while any platform that respects its customers will use such mechanism, including casinos. 

Casinos that run their business using that strategy will not last long and will lose everything in no time. If there are more winners in the casino and the casino cannot pay out the winnings, the casino will get a bad reputation from gamblers, and they will quickly leave the casino.

That is why, if the casino wants to run its business, the casino owner must prepare a larger capital so that the casino can pay the winners. Casinos must try to get a reputation from gamblers who play in their place by always paying the winning money and without too complicated requirements.

I couldn't agree with you more that a secure cash flow is crucial to the success of any casino. It's important to keep the casino's good name in addition to paying out winners. It's common for dissatisfied customers to tell others about their experience. And in the competitive industry of online gambling, a company's standing among customers is crucial.

It's fantastic that you stress the need for a method to verify monetary ownership as well. It's reasonable that folks would be wary after hearing about so many high-profile cryptocurrency failures. In my opinion, casinos that put this kind of confidence in their customers' hands will stand out and gain a larger clientele.

As a result, players will always gravitate toward the casinos with the best reputations for promptly paying out prizes and maintaining a safe gaming environment.

And when a gambler has had an unpleasant experience at a casino, the gambler can tell his experience to many media so that it can cause the casino to get a bad name among other casinos. That will make other gamblers leave the casino because they don't want the same experience as previous gamblers. And when it comes to reputation, it can leave a bad impression on other gamblers, and it might not take long for the casino to go bankrupt because it can no longer run its business.

The casino's job is to provide the best service for its members, including having enough balance to pay all the winners. If there are no issues whatsoever about paying out the winnings and the casino can process them quickly, that will also give the casino a good rating.

[Plaguedeath]

Casino need to have bankroll in order to prevent from the worst case will happen, it's not a wise idea for the casino to run away if there are many gamblers beat the house, because they must spend a lot times to develop the sites, contact the providers, freelancers etc and promoting in everywhere. It's possible the casino become exit scam, but it mostly a poor casino or not licensed casino which is more easy for them to escape.

[coinerer]

Casino need to have bankroll in order to prevent from the worst case will happen, it's not a wise idea for the casino to run away if there are many gamblers beat the house, because they must spend a lot times to develop the sites, contact the providers, freelancers etc and promoting in everywhere. It's possible the casino become exit scam, but it mostly a poor casino or not licensed casino which is more easy for them to escape.

When a casino site wants to get a license they must fulfill certain requirements and in that case they also have to show that they have enough funds to operate the casino site. So any casino site can't run their site only with customer money because they have to take different steps to reach the gamblers like different types of marketing bonus facilities different giveaways etc. So in this case first of all they have to spend a big money. This is how a gambling site is operated

[Betwrong]

Capital has the most important role in all phases of the casino, both at the launch and throughout its existence. After all, if the casino has no money to pay big winnings it can lose not only its reputation, but also its existence. After all, the reputation of the casino is one of the most important components of this business.

High-profile bankruptcies in cryptocurrencies made people think about the mechanism to prove ownership of funds, and I'm sure that after a while any platform that respects its customers will use such mechanism, including casinos. 

There's a lot of talks lately about the proof of funds, but I personally don't think it's that necessary. Let us suppose someone won that much that a platform don't have cash right now to pay him. If it's a reputable gambling platform they will surely pay out sooner or later to the winner even if they don't have the money right now. Scammers, on the other hand, can show that they have enormous funds, while having no intentions whatsoever to pay out a big win.

[boyptc]

If you plan to enter into this casino business then you should be having huge bankroll also with you as for marketing and other promotions you need to spend money and later on also if someone wins big from your casino so you have to pay them off not only with losers money so don't think it's simple game as they will make profits also after paying to winners.

Certainly a huge money is needed to start and be part of the growing crypto casino business. It's not that wise at all to start with a small capital because a gambler might even be richer than the business itself.

Not just the marketing, promotions and stuff. The security of the entire business which will cost a lot for the software and integrity is where most of the budget will be allocated.

It's no joke to start and get on it.

[gunhell16]

Is it safe to say that casino platforms is running their business with users find only? I read somewhere that they pay winners with losers money, I couldn't ask him or her if a casino can start business with zero fund at hand, I know that most of them wired their system to favour them more ( lose more and win less ) , if not they will run out of business fast I belief, what do you think about this? Was I wrong about this? Come to think of this, there is no prove that they have some money to pay winners.

I think there is probably no casino like that, especially here in the crypto industry because the website will cost you money right away, so how can it be said that a casino that is new to the crypto space does not release money? But this is just my opinion.

But if it's a different project, maybe that style is possible and that's just a scammer move of course. Only greedy people can do that as far as I know.