Casino vs. Stoc,Forex&Crypto Broker: Who's Really Playing You in the Money Game

[fingnome]

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

[1714466508]

1714466508

[Nwada001]

Brokers are playing those who are using brokers, those who are trading with any form of broker, and using it on their daily trade. They are being exploited through commission fees, trading fees, liquidation, and every other means necessary that the customer will enrich the broker owners.
 
The same is also applicable to casinos. Gamblers are the ones who the casinos are playing in the money game; they are built to favour them, the owners, and the gamblers are just trying their luck, adding together some skills and any possible strategies, which means they know they can use in winning their games. But at the end, it's not a win-win situation; the casino's are always there to milk many while allowing a few to win as ell.
 
Both brokers and casinos are businesses owned by private investors who are out there to make a profit, so they will have to make it.

[Coin_trader]

What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

Remember that broker or simply exchange is just charging minimal commission rate for all the trades while they are paying for there personnel and servers to run the orderbook for their customers. Casino on the other hand get fixed profit on house edge plus the losing money of each player which is too high percentage of profit compared to broker.

I’m not sure what you are trying to justify here and what do you want to do with broker way of earning commission. It’s odd too that you compared broker to gambling while they have different market. It’s not their fault that they offer services that is risk free for them. In fact, Only casino and other form of gambling is literal fighting with players using their bankroll.

[Wiwo]

What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

Remember that broker or simply exchange is just charging minimal commission rate for all the trades while they are paying for there personnel and servers to run the orderbook for their customers. Casino on the other hand get fixed profit on house edge plus the losing money of each player which is too high percentage of profit compared to broker.

I’m not sure what you are trying to justify here and what do you want to do with broker way of earning commission. It’s odd too that you compared broker to gambling while they have different market. It’s not their fault that they offer services that is risk free for them. In fact, Only casino and other form of gambling is literally fighting with players using their bankroll.

I think what the ops may mean to say is that the internal  leverage and commissions that are charged by a broker which is not the same as what commission both casino and exchange charges,  although I have thought of this on multiple note how it has become unavoidably unable it has become for me to use the services of a broker unless it based on special need,  because I can't bear being charged by percentage when I move money from wallet to Asset on the same exchange which is what is mostly being done by all brokers.

But on exchange we are not charge such commission when we move fund around wallet within the exchange since it is and internal transaction so I don't know why brokers charge such a commission any ways.

[Wexnident]

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

Well, yea, that's why they're brokers. I reckon the profit margin they have per customer is rather minimal though, but they adapted to that by having more customers instead. I mean brokers were possible because they have their own methods, maybe even internal groups that let them have these kinds of methods.

If they were shouldering risks, I doubt the existence of brokers would've even been possible. Well, they might have some other forms of risks that gambling itself may not have, not one so I can't really say but hey, I reckon there should be some sort, just not directly related to the gambling part itself. And as I've said, I reckon their profits are rather small as well so I guess that could be one risk.

[CryptSafe]

OP in as much as the both are business oriented, they are being done for profit making and so would go to any extent to ache in money by any or all means from their clients. Worst scenario is that their clients would only complain and go and there is nothing one can do about it.

Brokers do a whole lot to making sure their clients trade so in that case can go to any length to get their commission, fees and lots more based on the agreed terms for which both parties have reached.

Unlike the brokers, Casinos are quite different and can not be compared to brokers but the both are business done for profit making. Casinos are set up for gamblers who play under probability of wining or losing their games however the case may be, it is either a win win thing or otherwise which gives the casino the opportunity to to make their gains from fees, loss from gamblers etc.

[fingnome]

Brokers are playing those who are using brokers, those who are trading with any form of broker, and using it on their daily trade. They are being exploited through commission fees, trading fees, liquidation, and every other means necessary that the customer will enrich the broker owners.
 
The same is also applicable to casinos. Gamblers are the ones who the casinos are playing in the money game; they are built to favour them, the owners, and the gamblers are just trying their luck, adding together some skills and any possible strategies, which means they know they can use in winning their games. But at the end, it's not a win-win situation; the casino's are always there to milk many while allowing a few to win as ell.
 
Both brokers and casinos are businesses owned by private investors who are out there to make a profit, so they will have to make it.

Thank you for your comprehensive insight. You’ve hit the nail on the head regarding how both casinos and brokers operate in ways that inherently favor their own profitability. The house always aims to win, whether it’s in a casino setting or the brokerage industry. I agree with your points on commission fees, trading fees, and other means that contribute to their earnings.

You bring up an excellent observation about the perception of casinos versus brokers. Many people indeed view casinos as outright money-draining establishments while viewing brokers under a more positive light. However, as you pointed out, brokers encourage frequent trading, which accumulates more fees for them, rather than promoting strategies like buy-and-hold that may be more beneficial for the investors in the long run. The transparency of these mechanisms certainly deserves more attention to ensure that all participants in the financial markets are on an equal playing field. Your thoughts add a significant depth to this conversation, and I appreciate your contribution.

[fingnome]

What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

Remember that broker or simply exchange is just charging minimal commission rate for all the trades while they are paying for there personnel and servers to run the orderbook for their customers. Casino on the other hand get fixed profit on house edge plus the losing money of each player which is too high percentage of profit compared to broker.

I’m not sure what you are trying to justify here and what do you want to do with broker way of earning commission. It’s odd too that you compared broker to gambling while they have different market. It’s not their fault that they offer services that is risk free for them. In fact, Only casino and other form of gambling is literal fighting with players using their bankroll.

Thank you for sharing your perspective on this matter. Your point about the minimal commission rate charged by brokers for maintaining their operations and providing services to customers is valid, and I respect that insight. It’s essential to acknowledge the operational costs involved in running a brokerage, and indeed, they are not the same as casinos in terms of their business model and revenue structure.

To clarify my stance, I'm not objecting to the legitimate and traditional operations of brokers who facilitate investments and offer a platform for trading. My concern is specifically with the growing trend of brokers adopting strategies that resemble gambling platforms, such as promoting high-frequency trading, tournaments, and other gamification strategies which encourage individuals to trade more than they might have intended to, often without a solid understanding of the risks involved.

When brokers push for such practices, it blurs the line between investment and gambling, potentially leading to detrimental financial decisions for the average investor. My intention is not to undermine the role of brokers in the financial ecosystem, but to highlight and discuss these emerging trends and their implications for investors. Your thoughts contribute meaningfully to this dialogue, and I appreciate the balance they bring to the conversation.

[BenCodie]

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

If it's a possibility, why wouldn't they be? The entire casino industry is built upon exploitation and gaining edge over others. This kind of theory is in line with the way the industry inherently is. It would not be at all surprising if this theory were true...though even if the truth was out there, do you think that would stop people from rolling the dice? Will or have you stopped rolling the dice after learning this possible fact? This is the larger, sadder point.

[gunhell16]

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

The broker is similar to that bank in that you let him retain your money and then he grows it at a higher rate than the percentage you agreed upon. Because he has your money, it appears that he can lend it and earn a high interest rate—for example, 30%—but will only offer you 5%.

As a gambler, you have your money and control it, whereas the casino controls the game on which you stake money. That is why gamblers frequently lose, and just a few people always win here.

[swogerino]

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

Brokers only play idiots who believe that they play a role in improving their trades/actions.They are not related into gambling that much or at least I am not aware of such brokers as of yet while I know tons,really really tons of them offering their services to people who trade or do a lot of buying in exchanges and stocks.

They are winning a lot of money sure but as I said only from people who deal with them and lately I have seen fewer and fewer people using them so that is a good thing overall.In gambling and casino though the casino provider has setup a house edge which promises overall profit to the casino in the long run and that's it.

[tsaroz]

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

Every good gamblers know its more profitable to avoid a broker as much as possible. The more the brokers involved lesser is the actual odds you get.
But sometimes in some cases, it's impossible to boycott the broker. You may not realize it but a large number of online gambling sites are entirely a broker who hosts every bets on other sites. Similarly most slots offered in all popular and otherwise site are from the same provider just being hosted on for commission.
IRL, a broker might add services that may enable gamblers with perks like anonymity, hassle free gambling, easier access and assistance settling disputes.

[Wind_FURY]

You know how casinos lay it all out, they're taking a gamble just like us?

But they have the edge at their side, which makes the player a long term loser. If you're playing for entertainment, nothing wrong with that. If you're playing for profit, don't play in the casino.

But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

Isn't that called, market-making? Someone has to be in there to start the "exchange", and provide the liquidity for the bid-ask spread.

But the broker's "edge" is through the fees. If you "win" money consistently from trading after fees, then you're a "profitable trader".

[Gozie51]

I think you would have gotten better explanation of how broker business works in the trading discussion board because gamblers here already use casino business.

However, your thread made me to research on what that works with the brokers and if they have any risk in the business and yes they do. Brokers are the middle man that is a channel to customers trading platform and so if in the case of lost trade where the trader has over traded in leverage, it is the broker who bears the excess fund.

A broker can lose their license and fold up in litigation by an aggrieved customer for whatever reason or complaints of ill-management of funds. Also just like other businesses to manage brokerage business takes alot of marketing, management and operational cost.

I feel the casino are the one playing in the money game, apart from setting up their site and ads, they steadily profit directly from customers loses.

I found this on brokers

[Mr. Magkaisa]

       -    Actually, I'm wondering if the broker is related or similar to the casino. Because it seems far-fetched to compare a broker to gambling in a casino. Isn't that broker only for Forex traders? I can't see its connection here at the casino.

When playing a casino here in the crypto space, there is no need for a broker; there is no way that someone else will play your gambling; instead, we ourselves will control our betting, whether we are lucky or not. Although we also know that the house always wins the game in the casino,

[wallet4bitcoin]

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

Brokers are the big boys in every game they find themselves. They make more from those who think they are making big bucks. Even those who make big bucks also pay to the brokers, whether or not you make profit, you must have paid the brokers in between the transaction, its non-negotiable for every user that uses a broker as a window. Brokers are the ones playing big in the money game.

[Pmalek]

The average Joe doesn't need to think too much about it. The only thing that matters is the money you will get in the end minus whatever fees you need to pay either to the broker or the casino. Make those calculations and check who gives you the better odds before depositing your money. Having said that, I have never used a broker of any kind.

[Slow death]

In my opinion, casinos are the biggest money makers, because when people play they rarely win a lot of money, so at the end of the day probably a very small number wins while a much larger number lost money and this loss of money is what customer had, will become the casino's profit only after the casino pays all operating costs. while on the Broker side, they make money from people's fees, but at least the people who buy low and keep doing hodl will come out with a profit. something interesting that you said and that I think is sad and that the Broker knows that day trading is not profitable, but even so he keeps sending emails with promotions

to encourage people to continue day trading because only then will the Broker make a profit, in other words, it is the type of business in which the Broker uses methods that I consider exaggerated to achieve profits. They don't care about the financial situation of any client, on the contrary, they even put out more and more promotions for people to continue day trading and as a result they spend the whole day losing money and paying those high fees and making the Broker very rich. I keep wondering if the Broker pays taxes, in my opinion they should pay taxes because they charge high fees to clients

[Gozie51]

       -    Actually, I'm wondering if the broker is related or similar to the casino. Because it seems far-fetched to compare a broker to gambling in a casino. Isn't that broker only for Forex traders? I can't see its connection here at the casino.

I guess op just wanted to throw in the broker stuff here instead of the traders wing otherwise I also don't see correlation of brokerage in gambling or casinos because that is a direct stake or the casino which is an end to itself and not a middle man like the broker would do in the financial market. However, brokers don't only operate in the forex trading, they also exist banking and insurance, stocks, derivatives market etc.

[OgNasty]

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

Of course brokers are making money on every trade you make. That’s their business. If they were gambling on trades to make money, then it would be safe to assume that at some point they would lose big possibly effecting the balances of their customers. It’s easier to take a small piece of all the action then to try and gamble for a bigger piece. That benefits nobody.