Can Casinos Go Bankrupt Because of Player Wins?

[Webetcoins]

According to me, if a casino is hosting games or lotteries or anything and are keeping a reward which is near to or higher than their bankroll then it's their foolishness.
In that case, they would obviously go bankrupt. But most casinos don't do this because they keep it in mind that the rewards should always be lower than bankroll.
I think they might also have algorithms where they might be tracking total user winnings and comparing it with bankroll and suspending operations if both are at par.

They obviously do have such tools to monitor everything happening, running a business is not a joke, you can't just let your business go bankrupt only because a player in your casino got a big win, they have everything planned so that it doesn't happen, and as you said, they would never have a reward as big as their bankroll or higher than it, even the highest jackpot one can hit in a casino is way lower than the total bankroll of the casino that they use to reward the players.

So a casino that is well-built, everything is planned and there is very good management, can never go bankrupt because of the fact that a player or multiple players won big rewards, it might happen if there is a breach in the system and some hackers or exploiters steal their money some way.

[AicecreaME]

I think it's impossible to happen unless they have been so careless to set their algorithm to the advantage of the players everytime. Having a gambling business requires planning, monitoring, and maintenance of issues. These casinos especially those who have been in ages in the industry are knowledgeable enough to prevent bankruptcy from happening. They can sense whenever there is something off and thus prevents further damages from happening. They wouldn't be that stupid to let go most of their reserves after all, so i guess we have nothing to fear because players are not in any way sucking up their funds (assuming there's no illegal acts involved). In fact, it's the other way around.

[mu_enrico]

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?

Yes, they can go bankrupt, especially for small casinos that only have small bankrolls.
But the way they closed the shop isn't because of one or two jackpot wins, but because there are some periods when a casino experience losses on average.
In this "red" period, users winning aren't getting paid so -> bad reputation -> no deposit because the casino is marked as a scam -> closed shop.
For big casinos, this kind of risk is small since their bankroll will cover any "red" period and replenish on the "green" period.

[bangjoe]

According to me, if a casino is hosting games or lotteries or anything and are keeping a reward which is near to or higher than their bankroll then it's their foolishness.
In that case, they would obviously go bankrupt. But most casinos don't do this because they keep it in mind that the rewards should always be lower than bankroll.
I think they might also have algorithms where they might be tracking total user winnings and comparing it with bankroll and suspending operations if both are at par.

They obviously do have such tools to monitor everything happening, running a business is not a joke, you can't just let your business go bankrupt only because a player in your casino got a big win, they have everything planned so that it doesn't happen, and as you said, they would never have a reward as big as their bankroll or higher than it, even the highest jackpot one can hit in a casino is way lower than the total bankroll of the casino that they use to reward the players.

So a casino that is well-built, everything is planned and there is very good management, can never go bankrupt because of the fact that a player or multiple players won big rewards, it might happen if there is a breach in the system and some hackers or exploiters steal their money some way.

I have never heard of a casino bankrupt because of the victory of the players, that is impossible, because they can see and manage it within the limits of the winnings of the players, even in the lottery case, there is already a calculation.
Except the casino that loses the players, and or misinterpret their money into advertising with large capital that is not effective in adding their users, such as sponsors and so on which sucks their finances continuously but does not have an impact on the growth of new customers.

I think it's impossible to happen unless they have been so careless to set their algorithm to the advantage of the players everytime. Having a gambling business requires planning, monitoring, and maintenance of issues. These casinos especially those who have been in ages in the industry are knowledgeable enough to prevent bankruptcy from happening. They can sense whenever there is something off and thus prevents further damages from happening. They wouldn't be that stupid to let go most of their reserves after all, so i guess we have nothing to fear because players are not in any way sucking up their funds (assuming there's no illegal acts involved). In fact, it's the other way around.

Yes, the possibility that the player can do to make a bankrupt casino is by cunning (illegal actions), and looking for weaknesses in the casino itself to take a big victory.

[pawanjain]

According to me, if a casino is hosting games or lotteries or anything and are keeping a reward which is near to or higher than their bankroll then it's their foolishness.
In that case, they would obviously go bankrupt. But most casinos don't do this because they keep it in mind that the rewards should always be lower than bankroll.
I think they might also have algorithms where they might be tracking total user winnings and comparing it with bankroll and suspending operations if both are at par.

They obviously do have such tools to monitor everything happening, running a business is not a joke, you can't just let your business go bankrupt only because a player in your casino got a big win, they have everything planned so that it doesn't happen, and as you said, they would never have a reward as big as their bankroll or higher than it, even the highest jackpot one can hit in a casino is way lower than the total bankroll of the casino that they use to reward the players.

So a casino that is well-built, everything is planned and there is very good management, can never go bankrupt because of the fact that a player or multiple players won big rewards, it might happen if there is a breach in the system and some hackers or exploiters steal their money some way.

Yes ofcourse, but I won't deny the fact that there are casino sites who gives huge rewards/bonuses to their users or so as they portray.
But the reality is that after one point, they make a classic exit scam just to let the users know that all of it was a trap for them.
We have already seen hundreds of such cases where users have lost money by casino sites luring them with huge bonuses.

[komisariatku]

In this "red" period, users winning aren't getting paid so -> bad reputation -> no deposit because the casino is marked as a scam -> closed shop.
For big casinos, this kind of risk is small since their bankroll will cover any "red" period and replenish on the "green" period.

Do you think there are times when the casino loses and sometimes it wins? For sports betting, I don't think the casino can manipulate the score so that when many players win, maybe the casino will lose. They would probably go Bankrupt when something like this happened continuously

Then in your opinion, can casino slot gambling manage/manipulate slot machines or do the providers manage it? like a pragmatic play. Sometimes I feel that there are times when slot gambling is very easy to win and there are times when slot gambling is very difficult to win.

As we know, gambling sites require expensive promotion costs, will this make them bankrupt if they spend a lot of money on promotion but not many gamblers play on the site?

[mu_enrico]

Do you think there are times when the casino loses and sometimes it wins? For sports betting, I don't think the casino can manipulate the score so that when many players win, maybe the casino will lose. They would probably go Bankrupt when something like this happened continuously

Then in your opinion, can casino slot gambling manage/manipulate slot machines or do the providers manage it? like a pragmatic play. Sometimes I feel that there are times when slot gambling is very easy to win and there are times when slot gambling is very difficult to win.

I can't speak for sports betting since I'm not really into it. But I can tell from various sources about the slots and 3rd party games in general.
The casino pays for hosting the 3rd party games and does the bankroll management. But the result is random and based on the 3rd party providers, they can't alter the result.
For sure, in the long run, they will get 4% (for example) HE from the wager/turnover as programmed. For example, "on average" they will get a $40k profit from a $1m wager, but it will fluctuate because of volatility. The 4% average can mean -4% loss and then 12% profits, etc., meaning there will be red and green periods.

Yes because of volatility, a game, let's say Slots ABC might get like 110% monthly (live) RTP, while another game, let's say Slots XYZ can get like 70% monthly (live) RTP. If you happen to play Slots ABC in this hot/green period, you'll be happy. Conversely, if you play Slots XYZ, you'll be screaming scam! scam!

As we know, gambling sites require expensive promotion costs, will this make them bankrupt if they spend a lot of money on promotion but not many gamblers play on the site?

Yep, but it's an entirely different topic, not related to this "Can Casinos Go Bankrupt Because of Player Wins?"

[Jody.Drummer]

Do you think there are times when the casino loses and sometimes it wins? For sports betting, I don't think the casino can manipulate the score so that when many players win, maybe the casino will lose. They would probably go Bankrupt when something like this happened continuously

In this case I think it's possible, meaning the casino may lose or gain, but I'd say chances are that most of them will win. They have arranged everything behind the scenes and they have planned something so that the casinos can make a profit. So this means that the possibility is very small if the casino actually loses because of the player's victory. Now it is very clear, for betting like sports it seems that it can't do anything to deceive some players by manipulating scores, because as we know that most sports competitions are always shown in the public eye, meaning that there is always a third party accompanying them. every sport. We can see that there is a lot of news about the results of winning these sports matches. Going bankrupt seems unlikely for the casinos, but they may incur some losses.

Then in your opinion, can casino slot gambling manage/manipulate slot machines or do the providers manage it? like a pragmatic play. Sometimes I feel that there are times when slot gambling is very easy to win and there are times when slot gambling is very difficult to win.

As I said above, it is very possible that those who regulate the system in the casino will try various ways to deceive every player in it. Winning at slot gambling is just a lure that aims to entice someone to get addicted and do it again. Simply put, many won but could not take their winnings because the system made it difficult for the withdrawal process, some even had their accounts closed.

[LUCKMCFLY]

the biggest risk of all is when casinos are just launching

Biggest risk when launching will be the overheads being too great a percentage of the profits, so capital is part of that I guess but I dont assume they cut all available money to the point of becoming insolvent if somebody wins alot.    Every game will require the capital to cover the largest winning prize by the largest amount of capital placed by the richest gambler.   So I presume on a small operation they do limit the bet in play to something not too strenuous to cover if it wins.
  Really the biggest risk is not having players making bets in the first place, your fixed overheads will continue and you are in the red then for sure but gambling itself is profitable for a company thats popular hence its one of the first businesses that came to crypto because of that attraction for both players and the companies to provide those games regularly and smoothly.

I have a clear thought, when a casino has just been launched , what should be Looked at is the Capital , there is no other , because if a Casino has Enough capital to withstand losses, it is capable of doing well from the beginning, but as we have seen on the forum, there are many casinos that start up and want to capitalize on the inside of the players, and that is a truly reckless practice, I say that if a casino is ready to be Launched , it Costs nothing to Wait a little Longer , to have more money and then to do things right, because the immense work that is and must be done to set up a Casino and that in Less than a Week or in days is lost because it is classified as a Scam, it Does not make Sense to me .

The casinos may not be newbies, but like any business they may be having a bad time, if a player arrives with good money and makes very strong bets and wins, I consider that if the casino does not have the capacity to answer the complete win, you must immediately communicate with the winning player, make it clear explaining the situation that they do not have at that moment to pay you everything, then they can reach a friendly agreement where they can give you everything you won in certain payment terms, but assure the player of the amount won, this is something that can happen, and that a player can accept, it is not bad and I think that speaking is how people understand each other, this is what should be done, for this reason we, as good players, should understand that companies can also find themselves in problems, however it is necessary to say that companies such as casinos must always respond to the different types of problems that are presented to them, in all this not only in casinos these financial Problems can Happen ,  in all companies at some point also go through difficult times , for this reason it is that many Action plans should always be taken into consideration so that everything is resolved in the best way and does not go Bankrupt.

[wiss19]

They obviously do have such tools to monitor everything happening, running a business is not a joke, you can't just let your business go bankrupt only because a player in your casino got a big win, they have everything planned so that it doesn't happen, and as you said, they would never have a reward as big as their bankroll or higher than it, even the highest jackpot one can hit in a casino is way lower than the total bankroll of the casino that they use to reward the players.

So a casino that is well-built, everything is planned and there is very good management, can never go bankrupt because of the fact that a player or multiple players won big rewards, it might happen if there is a breach in the system and some hackers or exploiters steal their money some way.

Yes ofcourse, but I won't deny the fact that there are casino sites who gives huge rewards/bonuses to their users or so as they portray.
But the reality is that after one point, they make a classic exit scam just to let the users know that all of it was a trap for them.
We have already seen hundreds of such cases where users have lost money by casino sites luring them with huge bonuses.

No matter how big rewards they give to their players, they always make sure that the rewards are according to their bankroll and they have algorithms to make sure that the games don't give out rewards as big as the bankroll itself, and the algorithms also make sure that the players don't be able to make bets so big that can win an amount bigger than the bankroll, that is the reason why most casinos have a limit for the max bet at certain games.

Also, they are monitoring everything 24/7, so whenever something goes wrong, they act quickly so that the platform don't face a lot of problems, whether it's a bug or a system error that is giving more money than a player should get for a certain win, so that the players don't abuse the system.

[swogerino]

They obviously do have such tools to monitor everything happening, running a business is not a joke, you can't just let your business go bankrupt only because a player in your casino got a big win, they have everything planned so that it doesn't happen, and as you said, they would never have a reward as big as their bankroll or higher than it, even the highest jackpot one can hit in a casino is way lower than the total bankroll of the casino that they use to reward the players.

So a casino that is well-built, everything is planned and there is very good management, can never go bankrupt because of the fact that a player or multiple players won big rewards, it might happen if there is a breach in the system and some hackers or exploiters steal their money some way.

Yes ofcourse, but I won't deny the fact that there are casino sites who gives huge rewards/bonuses to their users or so as they portray.
But the reality is that after one point, they make a classic exit scam just to let the users know that all of it was a trap for them.
We have already seen hundreds of such cases where users have lost money by casino sites luring them with huge bonuses.

No matter how big rewards they give to their players, they always make sure that the rewards are according to their bankroll and they have algorithms to make sure that the games don't give out rewards as big as the bankroll itself, and the algorithms also make sure that the players don't be able to make bets so big that can win an amount bigger than the bankroll, that is the reason why most casinos have a limit for the max bet at certain games.

Also, they are monitoring everything 24/7, so whenever something goes wrong, they act quickly so that the platform don't face a lot of problems, whether it's a bug or a system error that is giving more money than a player should get for a certain win, so that the players don't abuse the system.

Yesterday I saw a clear example of this while playing slot machines at Stake website and there were a lot of people playing there from what I was chatting with other people in the chat,also exchanging ideas what slots to play.Most of the players were blaming their bad luck for their big lost amounts while after a certain time some guy hit that max win of x10.000 in a well known slot.We all congratulated him and he send to us generous tips because his bet was really big and he won a lot of money.

This example to say that no matter how big someone wins there will be 99 others losing which would consist of the casino getting profit and as such the casino,the reputable one can never go bankrupt from such things.

[tusandii]

-snip-

Yes, the possibility that the player can do to make a bankrupt casino is by cunning (illegal actions), and looking for weaknesses in the casino itself to take a big victory.

It's not that easy, maybe players can cheat to win big but are you sure these players can withdraw their winnings?
When a gambler gets a big win, every casino will definitely trace it first or detect whether the gambler has really played honestly or not until he gets that win.
Now, when the casino team finds out about the gambler's fraudulent actions, the account will be frozen and the money in the gambler's account balance will be withdrawn by the casino team.

Believe me the house edge will always be victorious and it is impossible to bankrupt the casino.

[Bitinity]

-snip-

Yes, the possibility that the player can do to make a bankrupt casino is by cunning (illegal actions), and looking for weaknesses in the casino itself to take a big victory.

It's not that easy, maybe players can cheat to win big but are you sure these players can withdraw their winnings?
When a gambler gets a big win, every casino will definitely trace it first or detect whether the gambler has really played honestly or not until he gets that win.
Now, when the casino team finds out about the gambler's fraudulent actions, the account will be frozen and the money in the gambler's account balance will be withdrawn by the casino team.

There was an example that happened years ago when someone (Hufflepuff) in Primedice could take over million dollar from the house as he found a way to cheat the game. It proves that there is still a chance to withdraw the winnings if someone found a way to cheat the game. Maybe the experience in Primedice years back is a big lesson for other casinos to always check big winning before release withdrawal, but how about smaller withdrawal? As someone who found a way to cheat the game may do it smaller amount but continuously to make it looks normal.

[bangjoe]

Yes, the possibility that the player can do to make a bankrupt casino is by cunning (illegal actions), and looking for weaknesses in the casino itself to take a big victory.

It's not that easy, maybe players can cheat to win big but are you sure these players can withdraw their winnings?
When a gambler gets a big win, every casino will definitely trace it first or detect whether the gambler has really played honestly or not until he gets that win.
Now, when the casino team finds out about the gambler's fraudulent actions, the account will be frozen and the money in the gambler's account balance will be withdrawn by the casino team.

There was an example that happened years ago when someone (Hufflepuff) in Primedice could take over million dollar from the house as he found a way to cheat the game. It proves that there is still a chance to withdraw the winnings if someone found a way to cheat the game. Maybe the experience in Primedice years back is a big lesson for other casinos to always check big winning before release withdrawal, but how about smaller withdrawal? As someone who found a way to cheat the game may do it smaller amount but continuously to make it looks normal.

Maybe it is one proof that it could be the reason why casinos could experience bankruptcy if the action was carried out massively and if not realized by the casino itself, It is important to re -check the victory of users whose number of wins they cannot understand.

Which in my opinion is also quite dangerous if the perpetrators play quite neatly using the tricks to get the victory that might be considered there is nothing strange by the casino, such as the number of wins under one million, and sometimes he deliberately made him lose so as not to be detected that he committing cheating, people like this if the tricks are done by many people, can make the casino go bankrupt slowly.

[AbuBhakar]

Maybe the experience in Primedice years back is a big lesson for other casinos to always check big winning before release withdrawal, but how about smaller withdrawal? As someone who found a way to cheat the game may do it smaller amount but continuously to make it looks normal.

Casino nowadays is not only checking huge withdrawals but also the win rate of the account. There’s a lot of players acccount being freeze because casino investigate their account due to consistent profit despite their balance is only ranging from 1k to 5k USD.

Casino knew exactly on how this scammer think due to a lot of experience of rigging their games and abusing their bonuses.

[GigaBit]

I think it's impossible to happen unless they have been so careless to set their algorithm to the advantage of the players everytime. Having a gambling business requires planning, monitoring, and maintenance of issues. These casinos especially those who have been in ages in the industry are knowledgeable enough to prevent bankruptcy from happening. They can sense whenever there is something off and thus prevents further damages from happening. They wouldn't be that stupid to let go most of their reserves after all, so i guess we have nothing to fear because players are not in any way sucking up their funds (assuming there's no illegal acts involved). In fact, it's the other way around.

I don't think it's possible, the players won't be able to sucking their money. Those who run the gambling business must be quite shrewd. They must set an algorithm where they can see their profit and loss amounts. Besides nowadays AI is quite useful. So making such allegations against the casino is completely baseless. I want to show you a simple point in sports betting. Suppose you have bet on a good team with a amount of odds, if most of the gamblers want to bet on the same team, then the odds will also change. Winning bets there can get you very little money. I have yet to hear of any such complaints where gamblers are unable to pay and they go bankrupt. If no one is planning to scam then no such allegations will come to light.

[salad daging]

Casino nowadays is not only checking huge withdrawals but also the win rate of the account. There’s a lot of players acccount being freeze because casino investigate their account due to consistent profit despite their balance is only ranging from 1k to 5k USD.

Casino knew exactly on how this scammer think due to a lot of experience of rigging their games and abusing their bonuses.

The casino always checks from every activity of his account including from small or large withdrawals, now more stringent they have increased to prevent abusing their winnings even if it is small as nominal as you say.

This includes the misuse of welcome bonuses, so there is no way to cheat while players ' activities are monitored by their systems.

[klidex]

-snip-

Yes, the possibility that the player can do to make a bankrupt casino is by cunning (illegal actions), and looking for weaknesses in the casino itself to take a big victory.

It's not that easy, maybe players can cheat to win big but are you sure these players can withdraw their winnings?
When a gambler gets a big win, every casino will definitely trace it first or detect whether the gambler has really played honestly or not until he gets that win.
Now, when the casino team finds out about the gambler's fraudulent actions, the account will be frozen and the money in the gambler's account balance will be withdrawn by the casino team.

There was an example that happened years ago when someone (Hufflepuff) in Primedice could take over million dollar from the house as he found a way to cheat the game. It proves that there is still a chance to withdraw the winnings if someone found a way to cheat the game. Maybe the experience in Primedice years back is a big lesson for other casinos to always check big winning before release withdrawal, but how about smaller withdrawal? As someone who found a way to cheat the game may do it smaller amount but continuously to make it looks normal.

To be more precise, casinos currently have much better system development than in the past few years so that almost every user account is always monitored by the system.
So even though we always have ways to cheat the casino, it will always be seen because now, as I said earlier, when for example a customer gets a big win, the system will automatically detect the activity and if the activity is not in accordance with the rules, the system will definitely notify the team to review more details about the win and it also happens to small or medium wins.
So that in this era of technological development it is a little difficult for fraudsters to try to deceive the casino

[Westinhome]

To be more precise, casinos currently have much better system development than in the past few years so that almost every user account is always monitored by the system.
So even though we always have ways to cheat the casino, it will always be seen because now, as I said earlier, when for example a customer gets a big win, the system will automatically detect the activity and if the activity is not in accordance with the rules, the system will definitely notify the team to review more details about the win and it also happens to small or medium wins.
So that in this era of technological development it is a little difficult for fraudsters to try to deceive the casino[/left]

Casino based on the cryptocurrency was huge demand now,So the casino site was developed very well as we not even expected.Now many people try to cheat the website using the VPN and the software.But they don't know the fact now the website was created on the way to find the malpractice by any user.Mostly it target the person who made the high winning and high deposit.

Because some scammer will deposit high money to skip the process of tracking by the software in-build with the website.Then the website target the high winning people,mostly cheater made the high win only by using the VPN and software.Nearly 90 percentage of the scammers was find by the software in-build in the casino website.

[slapper]

Yes, the possibility that the player can do to make a bankrupt casino is by cunning (illegal actions), and looking for weaknesses in the casino itself to take a big victory.

It's not that easy, maybe players can cheat to win big but are you sure these players can withdraw their winnings?
When a gambler gets a big win, every casino will definitely trace it first or detect whether the gambler has really played honestly or not until he gets that win.
Now, when the casino team finds out about the gambler's fraudulent actions, the account will be frozen and the money in the gambler's account balance will be withdrawn by the casino team.

There was an example that happened years ago when someone (Hufflepuff) in Primedice could take over million dollar from the house as he found a way to cheat the game. It proves that there is still a chance to withdraw the winnings if someone found a way to cheat the game. Maybe the experience in Primedice years back is a big lesson for other casinos to always check big winning before release withdrawal, but how about smaller withdrawal? As someone who found a way to cheat the game may do it smaller amount but continuously to make it looks normal.

Maybe it is one proof that it could be the reason why casinos could experience bankruptcy if the action was carried out massively and if not realized by the casino itself, It is important to re -check the victory of users whose number of wins they cannot understand.

Which in my opinion is also quite dangerous if the perpetrators play quite neatly using the tricks to get the victory that might be considered there is nothing strange by the casino, such as the number of wins under one million, and sometimes he deliberately made him lose so as not to be detected that he committing cheating, people like this if the tricks are done by many people, can make the casino go bankrupt slowly.

But doesn't it seem nave to assume that casinos, who have made a business out of mastering probability and risk, wouldn't notice these kinds of trends? In my opinion, casinos put a lot of money into their software and security systems to prevent cheating. They are not relying solely on chance like the athletes do

And it's not just casinos; every company model may be hit by bad actors if they do enough of them. Strong internal controls and constant monitoring to spot suspicious behavior are crucial. You should keep in mind that casinos have been around for decades; they are not simply lucky, but savvy as well