Can Casinos Go Bankrupt Because of Player Wins?

[piebeyb]

Casino can bankrupt if they don't have a good preparation and calculation, they must not allow the gamblers to bet higher than the maximum payout of the games they listed. Usually a small casino don't care about it and they just allow the gambler to place high amount money in order to hope the gambler will lose and the casino will make money. But there's always a lucky gambler can beat the house, this is the problem.

Yes it also makes sense that the casino must also have large capital and have the right calculation preparation, if you say a gambler who beats the house is impossible because of the fact that it is rare to find gamblers beat the house, because the house will always win and get the gambler's money in full, I think it's also rare for a casino to go bankrupt because gamblers win bets, usually casinos will go bankrupt if fewer and fewer gamblers are actively playing, so no money comes in to cover casino maintenance costs and others.

I think that is the main factor, most casinos always succeed and become big if they have a great marketing team, because a great marketing team can make a casino richer, I also rarely do small casinos last long if they don't have the money to fund their marketing then they will never be big, abandoned casinos will go bankrupt because there are no active gamblers, that's all

[Mr. Magkaisa]

Is it possible for a casino to go bankrupt because a player gets a very big win?

I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?

     -   Maybe if the situation is new to the casino, it is possible for an expert gambler to beat the house edge because he is new to the gambling industry here in the crypto space. But in real life, I seem to have seen someone do this even in any news.

In addition to that, it seems that I only saw and watched in a movie that a gambler lost the casino that went bankrupt because he cleaned the banker's money in the casino.

[Davidvictorson]

Is it possible for a casino to go bankrupt because a player gets a very big win?

I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?

Casinos will intentionally refuse bets that could bankrupt them, making it nearly impossible to bankrupt a casino with your winnings. If you win a substantial amount of money, they may provide you with an explanation to avoid paying out your winnings. If you decide to take legal action, they may cite laws stating that they are not obligated to pay winnings if their machine malfunctions. Additionally, casinos may choose to ban players who consistently excel at a game and accumulate significant winnings. Dana White, an avid gambler, serves as an example, as he was banned from three or four casinos after winning substantial amounts from gambling.

[Jating]

Is it possible for a casino to go bankrupt because a player gets a very big win?

No, I haven't heard of any news that casino losses so much on players winning on their ground. That's why there is the house edge as safety needs for casinos to always win.

Although there could be days that they might be in the negative as let's say, there's a lot of slot players who won big, like the jackpot and all the floors are losing money in baccarat and others card games. But that is rare though, maybe just small percentage since the casino's existence. And what are the chances of that player winning big and then comeback the next day to lose everything?

[Docnaster]

Maybe for new casino yes if they are not well prepared for calculating the winning amount of their players. They should think about the percentage to be won versus the overall money they have so that they will not experience this huge loss then might turn a fast scam because their casino cannot afford to pay their costumers anymore.

Its just proper planning is needed to avoid getting trouble regarding on this situation.

It is something that can happen to new casinos if they do not study well their algorithm.
Some experts and cheats try to exploit new casinos maybe from their welcome bonuses or other means.
Likewise they will try for ood casinos but the older ones must have mastered how to handle the situation.
So it will be so illogical for a casino to set winning possibility that they cannot pay out. N

[slapper]

But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?

As long as the new gambling site is somehow licensed and regulated, these casinos passed the standards and criteria of establishing a well-built casino, and that includes how large their bankroll is. Although it's really possible that more players are good at playing, on the other hand, there are also lots of players that lose even if we are talking about new casinos.

I doubt there's an algorithm that keeps players from not winning. It's just that bad luck mostly happened that's why users have that mindset.

Aside from that, if we talk about new casinos, expect lots of attractive bonuses and promotions there that are mostly associated, obviously with a turnover. Most players are stuck at that bonuses and unable to withdraw once they already have big winnings. As a result, in the end, they will chase it aggressively until it reached, or worst, won't even reached it.

Undoubtedly, license and regulatory compliance enhance the credibility of any casino, new or old. They ensure fair practices and financial viability. Yet, attributing player losses to "bad luck" necessitates understanding the house edge. This mathematical edge assures casinos' earnings, independent of player skills or luck. Your remarks on bonuses merit attention. They can lure players into excessive gambling to fulfill wagering requirements, a casino strategy that might endanger the vulnerable.

[abel1337]

For the established casino, I believe no. They are ready for problems like this, I've saw some post before about the casino negotiating with the gambler for a massive withdrawal. The casino is trying to do multiple payment so that they can still function normally. There are also casino precaution like max wins, if a gambler hit a massive win, the gambler can only withdraw the maximum amount on that certain spin or bet. A new casino who has a small bank roll are typically the one who is prone of bankrupt this is why most of the high rollers choose establish casino because they know that the big wins they can potentially have can be supported by the casino funds.

[ethereumhunter]

Is it possible for a casino to go bankrupt because a player gets a very big win?

No, I haven't heard of any news that casino losses so much on players winning on their ground. That's why there is the house edge as safety needs for casinos to always win.

Although there could be days that they might be in the negative as let's say, there's a lot of slot players who won big, like the jackpot and all the floors are losing money in baccarat and others card games. But that is rare though, maybe just small percentage since the casino's existence. And what are the chances of that player winning big and then comeback the next day to lose everything?

That's because the casino already anticipates the wins of many gamblers. Maybe some gamblers can win but not as much as others, which is a rare case in casinos. One or two gamblers managed to win a lot of money it is possible but not possible for 10 people or even more people to win from the casino a large amount of money.

And while there are gamblers who can win a lot of money, there are more gamblers who lose a lot, so the casino still takes the biggest advantage. So even though there is a possibility that the casino will go bankrupt, the possibility is very small.

[mirakal]

Is it possible for a casino to go bankrupt because a player gets a very big win?

I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?

Never assume that a casino will go bankrupt due to players' big wins, as they are aware of their significant advantage over gamblers before they begin operating. Casinos have limits in place, even if a gambler is highly skilled, to prevent them from causing financial harm. In extreme cases, a casino may even ban a player.

Most instances of casino bankruptcy occur due to internal management issues and regulatory problems.

[komisariatku]

That's because the casino already anticipates the wins of many gamblers. Maybe some gamblers can win but not as much as others, which is a rare case in casinos. One or two gamblers managed to win a lot of money it is possible but not possible for 10 people or even more people to win from the casino a large amount of money.

You know how casinos anticipate their players' wins? For slot games, the casino can make arrangements for the slot machine to give a loss, but for sports betting I don't think the casino can anticipate the wins of the players.

If I look at the answers of other members, that there is a possibility that the casino does not want to pay the player's winnings by accusing the player of cheating or violating the ToS. What do you think? is there any chance of the casino doing that?

Most instances of casino bankruptcy occur due to internal management issues and regulatory problems.

oh yeah, if the management is corrupt it might bankrupt the casino.

[Dimitri94]

Maybe for new casino yes if they are not well prepared for calculating the winning amount of their players. They should think about the percentage to be won versus the overall money they have so that they will not experience this huge loss then might turn a fast scam because their casino cannot afford to pay their costumers anymore.

Its just proper planning is needed to avoid getting trouble regarding on this situation.

This is an important task for those who operate gambling platforms. But calculating these tasks are not complicated anymore. Because most of the works are software based. Bet results can be found within moments. Moreover, the gambling authority knows how many gamblers they have and what their betting ratio can be. Gambling platforms that have large number of gamblers are also financially sound. There are also many gambling platforms that run away with gamblers deposits instead of refunding gamblers rewards.

[Josefjix]

Never assume that a casino will go bankrupt due to players' big wins, as they are aware of their significant advantage over gamblers before they begin operating. Casinos have limits in place, even if a gambler is highly skilled, to prevent them from causing financial harm. In extreme cases, a casino may even ban a player.

Most instances of casino bankruptcy occur due to internal management issues and regulatory problems.

We don't expect a casino board to liquidate because of a player's winning, because they know how to handle extremely important issues like this, they can pay installment if the winning has become so substantial that it would affect their system, no board would want the website they operate to crash or malfunction due to heavy traffic, they already know what they signed up for before running a casino board. Casinos will not go bankrupt unless their administration is robust and stable enough to confront the possibility of big gains.

[ultrloa]

Never assume that a casino will go bankrupt due to players' big wins, as they are aware of their significant advantage over gamblers before they begin operating. Casinos have limits in place, even if a gambler is highly skilled, to prevent them from causing financial harm. In extreme cases, a casino may even ban a player.

Most instances of casino bankruptcy occur due to internal management issues and regulatory problems.

We don't expect a casino board to liquidate because of a player's winning, because they know how to handle extremely important issues like this, they can pay installment if the winning has become so substantial that it would affect their system, no board would want the website they operate to crash or malfunction due to heavy traffic, they already know what they signed up for before running a casino board. Casinos will not go bankrupt unless their administration is robust and stable enough to confront the possibility of big gains.

But for sure the winner would not like to get paid via installment since its unfair to the winner side to go to this point since they could not get paid if more winners will  win on their casino. This is serious situation since if they cannot pay in full meaning they might not excess for long term and that's also a big red flag to the players. They really should know more better since this is big issue if they will go bankrupt when many of their players win a huge prize on their casino.

[kamvreto]

Maybe for new casino yes if they are not well prepared for calculating the winning amount of their players. They should think about the percentage to be won versus the overall money they have so that they will not experience this huge loss then might turn a fast scam because their casino cannot afford to pay their costumers anymore.

Its just proper planning is needed to avoid getting trouble regarding on this situation.

This is an important task for those who operate gambling platforms. But calculating these tasks are not complicated anymore. Because most of the works are software based. Bet results can be found within moments. Moreover, the gambling authority knows how many gamblers they have and what their betting ratio can be. Gambling platforms that have large number of gamblers are also financially sound. There are also many gambling platforms that run away with gamblers deposits instead of refunding gamblers rewards.

Gambling platforms that do not provide gambler prizes are fraudulent platforms that are only created to drain the money of many players. for gambling platforms that have many users and are able to survive for a long time then they certainly have good management, but it is not impossible that they will also lose if the management is not done properly. The developer's tasks are also quite difficult, managing the gambling platform determines how many jackpots will appear. If it is not done correctly then the system will be messed up and gambling will issue more bonuses. then the active role of the developer is very important.

[smyslov]

Running a casino is a lucrative business which is why we have a lot of new casinos coming and old casinos keep launching new promotions to entice their players to stay, the only way a casino will go bankrupt is through mismanagement and there is a lack of players playing.

The house edge will keep the casinos running for every winner there are 5 or more players losing their money, it's better for a player to play on a stable casino because their goal is to keep their casino running for a long time, that is why they have marketing campaigns in many platforms.

[harapan]

It is practically impossible for a casino to go completely bankrupt due to a user winning a huge amount of money, this is because casinos nowadays are much wiser, they don't necessarily install algorithms that sees that users don't keep winning, but they do have a winning limit in place, which ensures a user does not win above that limit regardless of the amount the users bets,

I think I might agree that its impossible for one user's win to make a casino go bankrupt but its not practically impossible for a casino to go bankrupt because of wins from various users.

Hypothetically speaking, lets use sport betting as example. In sport betting most casinos have maximum win per bet. So what if you place a bet that the potential win is the maximum that casino can pay for a single bet and you share that same bet with many different people, friends and family and the also share it with people. If that kind of bet is won won't that casino go bankrupt?

[Webetcoins]

Is it possible for a casino to go bankrupt because a player gets a very big win?

I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?

The chances of that happening are very low because a player that can win a very huge amount of money is only possible through a jackpot and casinos always have jackpots that they know they can afford to pay if someone hits it, but as a first, hitting a jackpot is not that easy and one can simply not hit it very easily, other than that, no game can give a player that much money which the casino might not be able to pay in full.

If a player joins a new platform, deposits a huge amount of money, and starts gambling with it with the aim to make the casino go bankrupt, the house edge will probably hit them more times than how many times they might get a win, so the casino will still be profitable even if they manage to win something big.

[makishart]

That is a very bad thing, if the casino gives reasons that the player committed a violation/cheating so that the casino does not have to pay the player's winnings. In this case the casino can do that, I don't know whether the casino will provide evidence of the violation or they just talk about the player's mistakes without providing evidence of the violati

The only best thing to bring it to the court, that will be solving the problem once the casino was refusing to pay. The court will be creating more analyzation to make sure whether the winner was actually winning the jackpot or not.
I think that's the only way that can be done by the winner if casino was refusing to pay the user. A good casino will try to provide evidence in the court while shady casino won't do that.
It may changing its rules.

[Shinpako09]

Possible for casinos with a little bankroll, but almost impossible for large casinos with larger bankrolls, such as Stake. You can tell how much money they have by looking at their bonuses. They will not go bankrupt quickly since they can afford to pay and cover their losses. The same is true for traditional casinos, new or established. It's the bankroll that matters.

[Joca97]

Possible for casinos with a little bankroll, but almost impossible for large casinos with larger bankrolls, such as Stake. You can tell how much money they have by looking at their bonuses. They will not go bankrupt quickly since they can afford to pay and cover their losses. The same is true for traditional casinos, new or established. It's the bankroll that matters.

Well large bookies have a big amount of bankroll so its hard for them to go bankrupt. Big bookies such as stakes already have big millions behind them so they can cover the losses. But smaller ones if they go on a bad run and someone wins big can go bankrupt easily. Thats why it is smart to always bet on bigger casinos or bookies