where the losed money goes?

[trendcoin]

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 .

They make huge profits, but the risk they take in doing this business is also huge. I would not want to be the owner of such a business because of the current risks. I think they make a lot of money and that's why we should criticize them. For example, we may request more bonuses from them. However, at the end of the day, we have to admit that they are doing a really risky business. They take the biggest risk. We just take our chances and have fun with just a few dollars.

[1715168307]

1715168307

[1715168307]

1715168307

[1715168307]

1715168307

[Pierre 2]

Casinos are profit seeking business, they are not charity or public service. Obviously they need to generate income through their operations so their business can go on. Pretty sure some percentage (depends on their scheme) goes directly towards income under accounting. So government cuts some taxes before for sure (completely depending on region). Some percentage goes to pockets of people that work for them and owner(s). Just like regular businesses.

[worle1bm]

They are also making profits out of your loss apart from house edge as when you loose the amount goes to the casino who will use the amounts to pay off for your wins as players also win and cash out their withdrawals.Suppose in fiat based physical casino you place a bet and loose the amount it will go to casino bankroll so same is the case with these crypto casinos also.

[Kakmakr]

The casino sign a contract with third party game providers to configure a fixed house edge for their games, so no matter what happens, they are guaranteed to get that income from those games. Some of the Slot providers give the casinos a choice on several RTP (Return to Player) configurations, so the casino can pick a low or higher RTP. (Example : Hacksaw Games)

Then a lot of these online casinos have their own in-house games, where they configure the RTP on the games. The majority of the money gambled, will go back to the players... and the casino take their cut, but they have to use that income to pay for salaries and to pay for marketing and promotions ..etc..etc.

It is a business.. after all, so it has to make money to pay for it's expenses. 

[_act_]

They make huge profits, but the risk they take in doing this business is also huge. I would not want to be the owner of such a business because of the current risks. I think they make a lot of money and that's why we should criticize them. For example, we may request more bonuses from them. However, at the end of the day, we have to admit that they are doing a really risky business. They take the biggest risk. We just take our chances and have fun with just a few dollars.

The risk of gambling is huge but not the risk of the business, once a gambling site start a new and people start to gamble, the more customers they have the money income they make, which means that gambling site is a very good and lucrative business.

Instead of requesting for more bonuses, you can join another gambling sites that have more and better bonuses. But many gambling sites do not take their VIP customers not serious, they give them VIP offers.

[bettercrypto]

Casinos are profit seeking business, they are not charity or public service. Obviously they need to generate income through their operations so their business can go on. Pretty sure some percentage (depends on their scheme) goes directly towards income under accounting. So government cuts some taxes before for sure (completely depending on region). Some percentage goes to pockets of people that work for them and owner(s). Just like regular businesses.

Indeed, that's all there is to the regulation of the government that they implement in gambling businesses and its owners can do nothing but follow the policy that the government of a country has.

      That's why most casinos make a lot of money from gamblers who gamble on their gambling platforms and this is the reality that is happening in this gambling world.

[Issa56]

Since we all know that losers are always more than winners, if the gambling sites takes money from the losers and pay the winner's, then the money left will be for the gambling owner. Gambling is just a business, how do you expect the gambling owners to be making money? They will have to maintain their website, pay their staffs and pay for marketing and other things. How will they be generating money for all those things, gambling owners always make use of the money lost by there customers to take care of necessary things and the owner will also take his profit.

[Plaguedeath]

I think everyone already know when the gambler lose his money, the casino take it all.

But what people doesn't understand is, they're think the casino is rigged and manipulated the outcome, they think the casino will have 100% to win, but the fact there's a chance the gambler can beat the casino if he bet using high amount money and hit the highest multipliers.

There's few casinos were bankrupt because they can't pay the huge winnings from the lucky gambler.

[mu_enrico]

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).

Yes, it basically needs electricity and space to operate, unlike table games which casinos must hire a lot of people.
As you can see, the biggest revenue comes from slots due to its faster game -> 4x more wager than table games -> higher revenue even though the casino's win% is significantly smaller.

In the end, slots is still considered most profitable because of its high wager/turnover plus lower cost, not because of its house edge/casino's win%.

[len01]

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 .

all i know is the money that was lost was just like round.
I mean the money that is lost or a gambler who loses at gambling, the money will go into the gambling bankroll and will be given to other gamblers who win at that gambling.

actually you can answer questions like this yourself. because the turnover of the lost money can already be estimated.
house only accepts 1% of the amount wagered by the gambler.