Do casino and sports betting platform owners gamble as much as other people?

[dothebeats]

I have seen a couple of times some casinos owner doing some wagers, but I don't think they do it for gambling, they do it more to test the engine. And if they want to gamble big, I don't think they will do it in their own casino because the fact that getting paid with your own money isn't a good business at all.

Most of the casino owners understand they are the house, and as the house, they are gambling 24/7 against the users, so, there is no need to place bets.

Pretty much sums it up.

Most of the time they play on their platform to see what else do they need to work on and what other things are there to improve. They don't need to gamble to earn money, they just have to run everything smoothly in order for the money to come in. They just need to iron out some of the features in order for the gamblers to have a good time, and if they have a good time they're likely to spend more.

As a business owner you don't use your product for personal consumption for the most part.

[harizen]

In my case I think that if I were the owner of a casino I might gamble from time to time but it would be pointless to gamble a lot, as it would be like taking money out of my left pocket and putting it in my right.

Casino owners are surely business minded and they might not that doing that heavy gambling but instead, will just spend their time focusing on their respective businesses. It's like other big businessmen where the focus is to make money, and not to face the risks of gambling on it.

In my case though, if I'm a casino owner and my casino is really getting big, I won't bother to do gambling now but instead will be hands-on the operation of my casino to run fully and healthy in the long-run.

[goaldigger]

Most of the casino owners understand they are the house, and as the house, they are gambling 24/7 against the users, so, there is no need to place bets.

It is very logical, that the bookmakers would not be interested in gambling in the casino itself, but they want to fight the users to profit from their losses, the bookmakers only think about the future of the casino business and everything about getting money from the gamblers. So it's exactly as you said if the chicken business owner is tired of eating chicken and eggs but his focus is on selling all the chickens and eggs to earn money.

Its a business, their goal is to make profit and remain in the competition so playing on their own house might not be the option, they are a reputable casino owner and if they will try to play on other casino, probably it will create bad news about him and it can ruin the reputation of his own casino so I also believe there is no need for them to place a bet. As a casino owner you should be more focus on your operations because it requires your full attention.

[rahmad2nd]

Farmers who have chickens for eggs especially on a large scale, easily get tired of eating the eggs from their chickens or even eggs in general. Caterers get tired of eating their own pastries, just as people who are exposed to certain produce get tired of them due to over exposure. Do you think this experience is the same for casino owners and owners of sports betting platforms?

Do you think that the owners of casinos and sports betting platform, gamble as much as other people do? If they gamble, do you think they gamble on their platform?

I remember the national TV show, which interviewed several big businessmen in my country. and one of them, is a successful businessman a well-known cigarette boss. in short, he said, even though he owns a cigarette business. but that does not mean, he is also a smoker.

I will implement it on the owner of the casino betting platform. even though the platform casino owner is engaged in the gambling industry, it does not mean that the owner is fond of gambling. after all, without having to bet on gambling, they have beaten many gamblers who play on their casino platforms. even so, do not rule out, that the owner also likes betting. but the fact is, we never know for sure. if they were, at least they would be betting on another casino platform or ideally betting on a land based casino.

[uneng]

This is a curious question and although I don't know any casinos' owners for real to claim they are casual gamblers or not, what I know is that depending the jurisdiction casinos' owners aren't allowed to bet inside their own businesses.

Are casino owners allowed to gamble on their own machines?

And actually it makes total sense. Just like sportsmen can't bet on the sports they play. After all, it would be a negative propaganda if a casino's owner kept winning jackpots on his own business, while majority of the customers would be losing... That would be easily used by other companies to take advantage on the industry against that casino in particular.

[goinmerry]

I remember the national TV show, which interviewed several big businessmen in my country. and one of them, is a successful businessman a well-known cigarette boss. in short, he said, even though he owns a cigarette business. but that does not mean, he is also a smoker.

I will implement it on the owner of the casino betting platform. even though the platform casino owner is engaged in the gambling industry, it does not mean that the owner is fond of gambling. after all, without having to bet on gambling, they have beaten many gamblers who play on their casino platforms. even so, do not rule out, that the owner also likes betting. but the fact is, we never know for sure. if they were, at least they would be betting on another casino platform or ideally betting on a land based casino.

A nice point. After all, we can assume that these casino owners maybe also own several businesses and investments that make them really busy that even a small time of gambling can't be done. Referring to your shared story, that's true that a businessman can't be assumed right away that their business is also their usual activity but rather only focus on managing it.

The same goes for casinos that their owners might be an owner of other industries as well not related to gambling.

[Fivestar4everMVP]

Tbh, I think they are not interested to gamble with same desire like average gamblers have during gambling. When owner plays on his own casino, the loss and won money became same $ at the end of the day. Maybe team members gamble during their spare time but I doubt owners have time to gamble that much. Just my 2 cents.

You are definitely right and I share same opinion as you, most people don't have interest in what they offer as a business or service to other people.
Several times, Ive seen interviews of entertainers who affirmed to the fact that they do not watch TV, and so also, they do not allow their children watch TV.
I believe it is same with owners of gambling houses, gambling on their own casino will be so boring for them since they win or lose nothing when they gamble, except they decide to gamble on a different casino that is not theirs, which most wouldn't do.

[aioc]

Farmers who have chickens for eggs especially on a large scale, easily get tired of eating the eggs from their chickens or even eggs in general. Caterers get tired of eating their own pastries, just as people who are exposed to certain produce get tired of them due to over exposure. Do you think this experience is the same for casino owners and owners of sports betting platforms?

I don't think these casino operators and sports betting platform owners will get tired or have overexposure because they are making money from their platform, you will keep your enthusiasm because this is your cash cow and the competition is very high.

Do you think that the owners of casinos and sports betting platform, gamble as much as other people do? If they gamble, do you think they gamble on their platform?

They should gamble how would they understand the motivation of gamblers if they are not gamblers?
 I don't think they are playing in their platform because it's unprofitable, it's like buying your own product when you can get it free because it's yours, if they are going to use their platform it should be in a test. 

[Darker45]

I don't think there is a single pattern for all of them. But what I'm almost sure of is that casino and other gambling platform owners must love gambling or betting in one way or another. They won't choose to get involved, risk a big amount of money, dedicate time, effort, focus, and energy on a business they don't love. They must be gamblers also, but probably more businessmen than gamblers. So rather than spending too much time gambling, I suppose they are busier with business-related things.

I suppose they also gamble in other casinos at times, probably to experience what other casinos have to offer, get ideas on how to develop their casinos more, and so on.

[xSkylarx]

It makes no sense, as win or lose, it's still the owner's money, but for sure the owner gets tired because he is the one who first tried to play all the games before they were released to the public, and I also think the owner just plays it for fun no matter if he loses or not in his free time. He just focused more on running his casino than playing it. Also, for sure, he is already used to it because most of the owners of the casino or betting site have a wide knowledge of it; that is why they made that platform and want to venture more into it than just playing.

[Hispo]

I actually have no idea, I would say most of them could be gamblers themselves but they try gambling not to become a problem which could affect their own business.

Also, I am inclined to think that they would likely gamble in their own casinos for the sake of advertisement and public relations, but makes sense they also gamble on other casinos, so they would not feel tempted to give credit to themselves.

[lienfaye]

Do you think that the owners of casinos and sports betting platform, gamble as much as other people do? If they gamble, do you think they gamble on their platform?

When you start your own business usually it's your passion and interest to operate it well. That being said, I believe these owners are a gambler too. However since they know how it works and their business is always the priority, they might also playing to test their games and not to play as a normal gambler who play to win. Moreover they venture in casino business because they know the house always win.

Playing on their own casino or on other platform can give them wide knowledge what more to add or what's lacking to run their own casino smoothly.

[coinerer]

Farmers who have chickens for eggs especially on a large scale, easily get tired of eating the eggs from their chickens or even eggs in general. Caterers get tired of eating their own pastries, just as people who are exposed to certain produce get tired of them due to over exposure. Do you think this experience is the same for casino owners and owners of sports betting platforms?

Do you think that the owners of casinos and sports betting platform, gamble as much as other people do? If they gamble, do you think they gamble on their platform?

Running a casino site or sports betting site is their business.  And they don't waste their precious time gambling and spend more time on site development and always try to introduce new features to their site.  So I don't think casino owners play casino games on their own sites all the time.  But yes the casino site is run by people who have enough knowledge about casino.  So they test the performance of the site by playing the casino occasionally on their own site. And maybe when they spend their free time maybe they spend some time gambling on their site.

[acroman08]

I remember reading somewhere the phrase "don't use what you sell"(or something like that), I think this is applicable to casino owners too. as others have said that there are casino owners that do gamble but I am certain that majority of them are business minded and do not actually gamble and if they do they only do it rarely or occasionally. getting too into gambling while having a business is a bad habit and ultimately will be bad for business, I'd like to think a lot o casino owners understand this.

In my case I think that if I were the owner of a casino I might gamble from time to time but it would be pointless to gamble a lot, as it would be like taking money out of my left pocket and putting it in my right.

exactly, casino owners might gamble from time to time, and it is pointless to gamble a lot as it would be bad for business since you'd be taking money out and there is also a chance of getting addicted too if you gamble too much. casino owners are business minded, they would rather earn money than gamble it away.

[joeperry]

We are not sure about that but I think at some point they've been a gambler but right now they are not losing as they are now businessman. It's actually smart to do as instead of losing you will always be winning if you have gambling site as we all know that no one can beat the house, though it might take courage and huge bankroll to start one.

They wouldn't be in the gambling business if they haven't been in gambling but just like your example maybe they are fed up with the gambling, instead they use gambling to make them money.

[irhact]

Do you think that the owners of casinos and sports betting platform, gamble as much as other people do? If they gamble, do you think they gamble on their platform?

Gambling as a form of entertainment, yes I think they do that very often. Casino owners don't lack cash as they have that quite easily. There are more losers than winners daily so the casino is always in profit. When there's cash liquidity in excess form, the casino owners won't have any need to gamble for profits, they could only gamble as a means of entertaining themselves. The case though is different for those working in the casino as they'll be tempted whenever's they see a gambler winning it big.

Casino owners are millionaire and they usually engage in other illegal activity that steadily bring in cash to their pocket. Most casino owners are into drug trafficking, money laundering and whatever illegal business associated with gamblers. With this amount of money coming into their pockets, I doubt they'll too obsessed with playing some slots games.

[worle1bm]

I don't have much knowledge on this matter as there have been not any such interaction with casino owners or seen podcast where such talks were discussed.But if we talk in general then according to me it's business for them and they don't gamble on their casino but look after all the matters but on the special occasions or say testing phase they might gamble also with other players as business strategy but not on regular basis as shop owners don't eat from their shops all the time.

[ethereumhunter]

I don't have much knowledge on this matter as there have been not any such interaction with casino owners or seen podcast where such talks were discussed.But if we talk in general then according to me it's business for them and they don't gamble on their casino but look after all the matters but on the special occasions or say testing phase they might gamble also with other players as business strategy but not on regular basis as shop owners don't eat from their shops all the time.

It will be up to them whether they want to gamble in their own or another casino. After all, we will never know if they play gambling in any casino because they will hide their identity so that no one knows if they are casino owners. But I feel they will not have time to play gambling because they are busy taking care of their business, especially if they have a lot of business. They are better off using their free time to gather with their families or do other things that have nothing to do with gambling.

[Jawhead999]

I think someone who create casino is started from become a gambler and keep losing, then he realized if become a gambler you have no way to win, instead of that he create his own casino in order to make profit in gambling niche. I don't think the casino's owner want to gamble, they might gamble but it's just for fun especially betting with his friend in their favorite sport. The casino owner already mature, he will spend his money to expand his business rather than wasting money.

[Accardo]

Based on the story podcast on my local youtube with a former people who work in-casino (Thailand).

I don't think the top people who have some position like leader especially owner/ceo or other top position is gonna to gamble on their casino. But the one who are gambler to their casino is their employee.

It's common things, while people who working on casino are gambler as well. Sad to hear this, but casino/landbase should make some rules (All of the employee cannot betting to their casino, avoiding the payment check is back to them again).

Like "Ferarri" rules to their employee, they don't want the money they're pay are going back again to their company by buying the car.

I don't think this is right, those working in casino, not all know a thing about gambling. The croupiers are there to set things up or make arrangements for live games. Seeing them as gamblers can be wrong because most of them don't gamble and the CEO won't need such as it can ruin their business. The employees won't be serious with the business. Even in real casinos players always get disappointed with the void answers casino workers give to their questions, showing that they know nothing about how a machine works or the bonus a machine pays out. In addition, the few who gamble may not be allowed to play in the same casino where they work.