where the losed money goes?

[Davidvictorson]

my question is ,
when we play gambling online in casino , we always bust our account , many new comers completely blow their account every time they deposit ,
the gambling site owner's earn money by the commission which it takes 1% or less on every bet made by user , when blowing accounts where all money goes, in casino's pocket or where ,
and the question that the losed money will go to other player's pocket who wins big but the winning players are very less,
i think many are losing in gambling and the casino sites are hugely profiting from us ,
do you think that is the case .

Lost money from losers goes to the winner. Lost money from losers goes to the investors and shareholders. Lost money from losers goes into paying taxes and renewal of gambling linences.Lost money from losers goes into buying more slot games from providers.  Lost money goes from losers goes into paying people to write casino related articles in the online casinos. There's just so much that the lost money is used to achieve.

[btc_angela]

my question is ,
when we play gambling online in casino , we always bust our account , many new comers completely blow their account every time they deposit ,
the gambling site owner's earn money by the commission which it takes 1% or less on every bet made by user , when blowing accounts where all money goes, in casino's pocket or where ,
and the question that the losed money will go to other player's pocket who wins big but the winning players are very less,
i think many are losing in gambling and the casino sites are hugely profiting from us ,
do you think that is the case .

It's obvious that it will go the casinos at the end of the day, maybe there were few gamblers that are going to win big, but there are thousands that are going to lose even more.

So yes, it's a billion dollar because, whether it's offline and online, and fortunately for us we already knew this one.

But we keep on gambling because we are looking for that one big hit.

[acroman08]

i think many are losing in gambling and the casino sites are hugely profiting from us ,
do you think that is the case .

that is the whole point of a casino business, to get profit from people losing in gambling. casinos will do everything in their power to profit from gamblers, they even created promotions and bonuses to specifically attract gamblers again who have already lost a lot of money on their gambling site.

[uneng]

First of all, it's lost money, not losed. And this money is going to the hands of the casinos' owners who may add this to the platform's wallets, to pay employees' wages, to pay for marketing, games' providers or internal development. It's up to casinos' owners to decide what to do with the profit they make from gamblers. What we know is that they are going to use this money for the own good of the business and of the people behind it.

[stomachgrowls]

my question is ,
when we play gambling online in casino , we always bust our account , many new comers completely blow their account every time they deposit ,
the gambling site owner's earn money by the commission which it takes 1% or less on every bet made by user , when blowing accounts where all money goes, in casino's pocket or where ,
and the question that the losed money will go to other player's pocket who wins big but the winning players are very less,
i think many are losing in gambling and the casino sites are hugely profiting from us ,
do you think that is the case .

Exactly!

And this is why gambling business is really that profitable which aside from House edge on where they do make that money, they are also making money out of those lost bets and its true that when it comes on counting
on how many players are winning which is really very less which means that accumulation of those funds would really be that big which means that casino owners are the ones who do really benefit out.
Somehow, when a certain player do really make out some huge wins or hit up jackpots then this is where the site or company would really be that preparing on paying it up
without questions asked since its been a hit up and this is one of the risks.

[South Park]

my question is ,
when we play gambling online in casino , we always bust our account , many new comers completely blow their account every time they deposit ,
the gambling site owner's earn money by the commission which it takes 1% or less on every bet made by user , when blowing accounts where all money goes, in casino's pocket or where ,
and the question that the losed money will go to other player's pocket who wins big but the winning players are very less,
i think many are losing in gambling and the casino sites are hugely profiting from us ,
do you think that is the case .

The money lost by gamblers go to a lot of places, part of that money is used to pay winning gamblers, taxes and licenses, bills, employees, marketing, increase their bankroll, bonuses and other stuff, only after all of that money is paid the casino owners earn any money, so while casinos are a very profitable business the competition and the costs are high, and many succumb to all that pressure and fail to make it big.

[Casdinyard]

That has been the case since time immemorial, that's why casinos are a great business model if you wanna scam people out of their money but would also want to be absolved of the crime thereof by legalizing your business. Casinos heavily profit from the losses of people, be it live or online casino. And due to the fact that there are only few winners every time, this means that almost all of the losses incurred by all the players in their business automatically goes to their pockets. This is literally the reason why there's a saying "the house always wins". If the house loses money from a massive win, they can easily recuperate these losses without even trying because someone somewhere out there's hapless enough to tank the biggest loss of his life as well.

[madnessteat]

The fact that casinos are very profitable business has long been known, but I do not think we can find somewhere accounting records of one of the casinos and understand how much and where the money is spent.

The most important thing that a person who was going to play gambling understood that playing in a casino, almost every gambler in the long run will lose their money (of course, if not crapshoot and leave the casino until all is not lost). The casino is an entertainment that requires money.

[Fortify]

my question is ,
when we play gambling online in casino , we always bust our account , many new comers completely blow their account every time they deposit ,
the gambling site owner's earn money by the commission which it takes 1% or less on every bet made by user , when blowing accounts where all money goes, in casino's pocket or where ,
and the question that the losed money will go to other player's pocket who wins big but the winning players are very less,
i think many are losing in gambling and the casino sites are hugely profiting from us ,
do you think that is the case .

Where else would it go, except to the gambling company? They're not a charity funneling it to orphanages and animal shelters. When you place a bet, of any kind, at these casinos or bookmakers, you are challenging them that either your a) intelligence in predicting the outcome of an event is better than theirs. b) suggesting they have made a mispricing error on some odds or c) prepared to blindly gamble knowing the odds that apply in which case are statistically against you. There are no long term winning players at a casinos, except the infinitely rare ones that get unbelievably lucky and are probably not regular gamblers, who make a big payout and walk away. Extreme wins are probably less than 10 a year and you have better odds playing the lottery. People are naturally greedy and want shortcuts to riches, these gambling companies just satisfy that trait.

[Cantsay]

i think many are losing in gambling and the casino sites are hugely profiting from us ,
do you think that is the case .

That is gambling and life for you. The more some are losing the more some are winning life's not always fair to those who truly needs to be treated fairly. And if you fell gambling is not always in your favour you can call it a quit it's never to late to leave gambling.

As for the money I'm sure it will go to the casino's bankroll and from it they'll pay whoever wins, I haven't really sat down to analyze or study how it goes but I do believe that the casino should be the one receiving the loser's wager. If I'm not correct I'll appreciate the correct answer.

[Fatunad]

i think many are losing in gambling and the casino sites are hugely profiting from us ,
do you think that is the case .

That is gambling and life for you. The more some are losing the more some are winning life's not always fair to those who truly needs to be treated fairly. And if you fell gambling is not always in your favour you can call it a quit it's never to late to leave gambling.

As for the money I'm sure it will go to the casino's bankroll and from it they'll pay whoever wins, I haven't really sat down to analyze or study how it goes but I do believe that the casino should be the one receiving the loser's wager. If I'm not correct I'll appreciate the correct answer.

The ones who do make money is the casino owner which is really that understandable and this is why gambling business is really that profitable specially if gamblers do really love on staying up on a certain platform
or even on a physical place.Yes,they might be able to win up big but those would be easily be patched up considering that people would continue to play because they are chasing up on hitting up jackpots and this is where desperation would kicks in and making it as an advantage into those casino owners.This is why when you do get involved with gambling then you should really know on when to stop and the most
important thing of all is that you do really know on how to handle up your finances.

[Yatsan]

Ofcourse the house will get an amount from it either you lose or you win, that is how they are earning aside from withdrawal and deposit on their platform. With regards to some of your losses going to other's pocket, that is also a fact but to be more precised, it is being distributed to many players who simply won. Annd this is just how gambling works both in online gambling sites and land based casinos, there are just changes or differences with the actual process but the idea itself is there.

On my end, I have no problem with such. A gambling site is getting profit from players simply because it serves as players' payment from using the platform, more of like service fee. The profit will then be used to maintain the website and to accommodate more players and the rest will be for the owner and staff. Try to put yourself on their position, ofcourse you won't do things for free.

[kamvreto]

Isn't it supposed to be added to the casino's bankroll? If you're asking for a more specific recipient other than the winning players then maybe to the owners when they decide to withdraw money to their own pockets. You could also add the Government to the list since they will have to pay taxes too hehe. How about the employees or the hired contractors they have to pay to keep the platform running smoothly?

It should be in the Kaisno Bankroll, but I'm not sure it will be 100% in the Bankroll, some online casinos pull into their own wallets and also use it to pay the taxes that have to be done so that the government continues to provide free access and pay fees for server rentals , domain, some employees as well as some other needs. If still wondering where their money is going then call the gambling owner and ask for a full list of where the money is going Lol but that's not going to happen.

[n0ne]

Ofcourse the house will get an amount from it either you lose or you win, that is how they are earning aside from withdrawal and deposit on their platform. With regards to some of your losses going to other's pocket, that is also a fact but to be more precised, it is being distributed to many players who simply won. Annd this is just how gambling works both in online gambling sites and land based casinos, there are just changes or differences with the actual process but the idea itself is there.

On my end, I have no problem with such. A gambling site is getting profit from players simply because it serves as players' payment from using the platform, more of like service fee. The profit will then be used to maintain the website and to accommodate more players and the rest will be for the owner and staff. Try to put yourself on their position, ofcourse you won't do things for free.

It is simple as taking the losers money and sharing to the winners. Gambling site will be always profitable, amidst the loss/win of the users the platform will have specific percentage. This is how the platforms will be designed. From this edge the platform needs to meet all its expenses. Even in such earning access there were more number of gambling platforms that have gone bankrupt. Nowadays everything is transparent, in the past scenario is different and we don't know what happens in the background. Wr just need to trust and move on.

[nimogsm]

my question is ,
when we play gambling online in casino , we always bust our account , many new comers completely blow their account every time they deposit ,
the gambling site owner's earn money by the commission which it takes 1% or less on every bet made by user , when blowing accounts where all money goes, in casino's pocket or where ,
and the question that the losed money will go to other player's pocket who wins big but the winning players are very less,
i think many are losing in gambling and the casino sites are hugely profiting from us ,
do you think that is the case .

Well if you think about it, the answer is not so complicated.From the profit that the casino receives need to accrue salaries to employees / developers and everyone who works for this casino. Some games are licensed and casino need to pay the copyright holder of the game.And another important factor is the accumulation of funds for the liquidity of the casino.

[BenCodie]

It goes to the house. Where else does it go? If you're wondering where it goes after that...in best cases, it goes toward further development and marketing of the casino. In worst cases, it goes into prostitutes and cocaine for the operator They're casino owners after all. In the middle, it goes toward a living or fortune being accumulated by the unfortunate greed that prevails over people who play their game.

The money is always better off going somewhere other than the casino to begin with.

[AmoreJaz]

It goes to the house. Where else does it go? If you're wondering where it goes after that...in best cases, it goes toward further development and marketing of the casino. In worst cases, it goes into prostitutes and cocaine for the operator They're casino owners after all. In the middle, it goes toward a living or fortune being accumulated by the unfortunate greed that prevails over people who play their game.

The money is always better off going somewhere other than the casino to begin with.

funds for day to day operations, their staffs, security, payment for winnings, marketing/promotional funds, license and others. and the excess definitely goes to the pockets of the owners or stakeholders.
 this is why this business is a lucrative one if they know how to manage such business. if not, they can easily go bankrupt with one huge winnings from the player.
though we don't know their other dealings, but certainly, if they don't know how to allocate their bankroll, they can easily go down. this is gambling business, not all owners can be successful on this venture.

[Fatunad]

It goes to the house. Where else does it go? If you're wondering where it goes after that...in best cases, it goes toward further development and marketing of the casino. In worst cases, it goes into prostitutes and cocaine for the operator They're casino owners after all. In the middle, it goes toward a living or fortune being accumulated by the unfortunate greed that prevails over people who play their game.

The money is always better off going somewhere other than the casino to begin with.

Common sense,right?

They are building a business and not something else which it would be understandable that they are making money out of those gamblers losses which it isnt shocking.Somewhat big wins would really be patched up
and would really be deducted out of  those revenues which we know that it isnt really that appealing for most gambling owners which is understandable. This is why it is really that normal that
they would be setting out max bet limits for them to avoid on getting bankrupt and its really just a standard thing should be done by any business owner which is related to this.

[alegotardo]

my question is ,
when we play gambling online in casino , we always bust our account , many new comers completely blow their account every time they deposit ,
the gambling site owner's earn money by the commission which it takes 1% or less on every bet made by user , when blowing accounts where all money goes, in casino's pocket or where ,
and the question that the losed money will go to other player's pocket who wins big but the winning players are very less,
i think many are losing in gambling and the casino sites are hugely profiting from us ,
do you think that is the case .

It really depends on the type of game.

In sports games, for example, a good part of the money lost by unlucky users goes to the (generally minority of players who were luckier or more skillful in their bets. Obviously the casino also takes a good part of the money, both of bettors who lost as well as those who won.

But, in slot games, for example, the lost money stays 100% with the casino.
Obviously they need to pay some commissions to the platform owner, but the biggest profit is still for the casino.

Casinos are highly profitable, they just need to have a good initial investment and work with dignity (you don't need to steal to be profitable).

Most bettors know that they will usually lose, but the fun you get even losing is addictive!!!

[Don Pedro Dinero]

As you can see the revenue is 23.9% for table games and 9.4% for slots games. Where's the rest of the money? Distributed for players' win.
So the house always wins and you'd be better playing slots :p

Keep in mind the revenue isn't a profit since the casino needs to pay bills.

I was going to say this last sentence to the OP.

Regarding slots, it was my understanding that it is the most profitable thing for casinos, but your reading here is the opposite. I know you are an expert on the subject and you have your thread on it. Are you sure that those percentages refer to the revenue that the casino gets? If so, I imagine that slots can still be more profitable for the casino than other games because they have lower costs, for example they don't need a dealer, and they can be played faster (although they return less in prizes, the higher the betting speed, the more people can lose by compound interest).