Do Owners of betting companies bet?

[Ever-young]

Do owners of betting companies place bet on their own platform or is there a policy specific policy that restricts them from betting. Do you think that there would be conflict of interest or that it will be unethical if owners bet on their own platforms. These are the questions that I am seeking an answer to.

There is nothing wrong with casino owners to bet in their own casino, I don't suppose there are rules that restrict them from doing so. But it is not advisable for a casino owner to use his own casino. In as much as you have the Liberty to do so I believe it is better to use another casino. Except maybe the person in question has a good percent of self-control and definitely not an addict then he can bet on his casino if you choose to. Maybe to try and multiply his money or maybe he just want to boost the morale of other players.

[1714666657]

1714666657

[ethereumhunter]

Do owners of betting companies place bet on their own platform or is there a policy specific policy that restricts them from betting. Do you think that there would be conflict of interest or that it will be unethical if owners bet on their own platforms. These are the questions that I am seeking an answer to.

There is nothing wrong with casino owners to bet in their own casino, I don't suppose there are rules that restrict them from doing so. But it is not advisable for a casino owner to use his own casino. In as much as you have the Liberty to do so I believe it is better to use another casino. Except maybe the person in question has a good percent of self-control and definitely not an addict then he can bet on his casino if you choose to. Maybe to try and multiply his money or maybe he just want to boost the morale of other players.

Indeed, there is nothing wrong with a casino owner betting at his own casino. However, the casino owner should use an account that does not show that he is the owner of the casino so that there is no suspicion whatsoever that he can win a lot of money from his casino. But it seemed funny because he was betting in his own casino. It might be better for him to gamble at another casino and not use or show that he also owns his casino. But if the owner of the casino were me, I would sit back and enjoy the amount of money coming into my account and make sure it was in a safe place. We don't need to double the money because there will definitely be many gamblers who will lose large amounts. So we only pay attention to the casino while still monitoring whether there is fraud occurring in our casino.

[Altryist]

Indeed, there is nothing wrong with a casino owner betting at his own casino. However, the casino owner should use an account that does not show that he is the owner of the casino so that there is no suspicion whatsoever that he can win a lot of money from his casino. But it seemed funny because he was betting in his own casino. It might be better for him to gamble at another casino and not use or show that he also owns his casino. But if the owner of the casino were me, I would sit back and enjoy the amount of money coming into my account and make sure it was in a safe place. We don't need to double the money because there will definitely be many gamblers who will lose large amounts. So we only pay attention to the casino while still monitoring whether there is fraud occurring in our casino.

Why did you decide that it would be better if the casino owner bet at another casino? In this case, if he loses, his money will go to someone else.

And if he places a bet in his casino, even if he loses the money, it will still come back to him in the form of profit, so it’s a win-win for him. It's the same as if you have your own grocery store, but you go to a competitor's nearby store and buy groceries there, does that make any sense? The question here is rather: should the casino owner place bets? If he makes a profit from the casino and knows how everything works, then it is clear that he will bet not for the sake of winning, but just for fun, but it seems to me that there is not much point in this.

[RockBell]

I haven't encountered a rule yet that prohibits the owner himself in betting in his own casino website or establishment. Oftentimes, there are casino owners that are even playing together with other people. I don't think it's really big of an issue especially if the owner and the casino already established a reputation in the gambling industry. It could be some sort of advertising as well, blending in with the crowd. Although some people might say something bad or even question whether he's doing it for gain by manipulating the results. But I guess it will be hard to do so, especially that machines are programmed and it follow an algorithm for fairness purposes.

As for me, I think it will be not their priority to bet and play everytime since they have a business mindset. Their goal is to profit and to maximize their knowledge in a way they will benefit.

Is there any rule that will stop the owner from betting except if he makes a personal decision that he does not want to bet and sometimes he will need to bet so has to get more idea about his company, you can not own a business and not have any idea about that company once in while am sure the owner will place some bet to test his company.  and if it is about casino owners they have a lot of friends and will always play games with their friends with high stakes. and with that, they will be able to bring more people to their casinos, they also have to look for more ways to improve their casinos and marketing is very important, so the owner has to be very clever to bring his business to the peak.

it is possible that the owners of these casinos will bet on their platform because it is much better to use their own platform compared to using other platforms. but the question is, why do they bet when they already have a lot of money in their account? it's more fun for them to watch people gamble on their platform and see how the money flows into their bank accounts, rather than having to get tired of betting and not being sure whether they're winning or not.

For me, if the owner gambles on the other side you may want to compare and contrast and check on how to improve their own platform since gambling and casinos have a lot of competitors in the market you have to give good service to your customers, and that is why there is always improvement and why to bet when they have a lot of money the reason I think still about how they will want to test their own service, there should be analysis on the number of players if there is any need to add bonuses they will do so to get more customers to their service.

[madnessteat]

Indeed, there is nothing wrong with a casino owner betting at his own casino. However, the casino owner should use an account that does not show that he is the owner of the casino so that there is no suspicion whatsoever that he can win a lot of money from his casino. But it seemed funny because he was betting in his own casino. It might be better for him to gamble at another casino and not use or show that he also owns his casino. But if the owner of the casino were me, I would sit back and enjoy the amount of money coming into my account and make sure it was in a safe place. We don't need to double the money because there will definitely be many gamblers who will lose large amounts. So we only pay attention to the casino while still monitoring whether there is fraud occurring in our casino.

Why did you decide that it would be better if the casino owner bet at another casino? In this case, if he loses, his money will go to someone else.

And if he places a bet in his casino, even if he loses the money, it will still come back to him in the form of profit, so it’s a win-win for him. It's the same as if you have your own grocery store, but you go to a competitor's nearby store and buy groceries there, does that make any sense? The question here is rather: should the casino owner place bets? If he makes a profit from the casino and knows how everything works, then it is clear that he will bet not for the sake of winning, but just for fun, but it seems to me that there is not much point in this.

I think that the main reason for gambling in their own casino may be a lack of confidence in the gambling sites of competitors. If the owner of the casino is sure that the system of distribution of rewards in his casino works honestly, then he obviously will not want to play where there is no full transparency. At least that's what I would do. But I somehow think that most casino owners do not gamble, because they can afford more interesting options for fun. 

[Fredomago]

Do owners of betting companies place bet on their own platform or is there a policy specific policy that restricts them from betting. Do you think that there would be conflict of interest or that it will be unethical if owners bet on their own platforms. These are the questions that I am seeking an answer to.

There is nothing wrong with casino owners to bet in their own casino, I don't suppose there are rules that restrict them from doing so. But it is not advisable for a casino owner to use his own casino. In as much as you have the Liberty to do so I believe it is better to use another casino. Except maybe the person in question has a good percent of self-control and definitely not an addict then he can bet on his casino if you choose to. Maybe to try and multiply his money or maybe he just want to boost the morale of other players.

Though I also don't know if there's a rule if casino owners are prevented from using their own platforms but most if not all owners for will not be engaged to this setup, they put this business to earn and they are wise enough knowing that gambling is always a risk behind, why bother to play if you just need to wait and collect your earnings right?

Maybe on some occasions there are casino owners who play but not every time we encounter such kind of events.

[Unbunplease]

The casino owner has a better chance of winning if he bets in his own casino, as he is perfectly familiar with the nuances of betting and various tricks. Often casino owners whitewash their income in this way - it is a fairly common scheme of officialization

[junder]

The casino owner has a better chance of winning if he bets in his own casino, as he is perfectly familiar with the nuances of betting and various tricks. Often casino owners whitewash their income in this way - it is a fairly common scheme of officialization

Of course, that's for sure, at a glance maybe we can already assume how the wins will be obtained by casino owners who play in their own casinos, as you said, they really understand what they have to do in order to win, that's like a trick but with a higher success percentage rate, and I say it's more than just luck. And if there are some people who don't believe in the fact that casino owners will have a greater  chance of winning then maybe they can try sitting at the same table and betting.

Yes, this is a pretty good alternative or way that they always do to be able to cover their casino income or even increase their company's income with those who are directly involved in gambling in their own casino. Is this a cheat? you can judge for yourself

[Quidat]

Indeed, there is nothing wrong with a casino owner betting at his own casino. However, the casino owner should use an account that does not show that he is the owner of the casino so that there is no suspicion whatsoever that he can win a lot of money from his casino. But it seemed funny because he was betting in his own casino. It might be better for him to gamble at another casino and not use or show that he also owns his casino. But if the owner of the casino were me, I would sit back and enjoy the amount of money coming into my account and make sure it was in a safe place. We don't need to double the money because there will definitely be many gamblers who will lose large amounts. So we only pay attention to the casino while still monitoring whether there is fraud occurring in our casino.

Why did you decide that it would be better if the casino owner bet at another casino? In this case, if he loses, his money will go to someone else.

And if he places a bet in his casino, even if he loses the money, it will still come back to him in the form of profit, so it’s a win-win for him. It's the same as if you have your own grocery store, but you go to a competitor's nearby store and buy groceries there, does that make any sense? The question here is rather: should the casino owner place bets? If he makes a profit from the casino and knows how everything works, then it is clear that he will bet not for the sake of winning, but just for fun, but it seems to me that there is not much point in this.

I think that the main reason for gambling in their own casino may be a lack of confidence in the gambling sites of competitors. If the owner of the casino is sure that the system of distribution of rewards in his casino works honestly, then he obviously will not want to play where there is no full transparency. At least that's what I would do. But I somehow think that most casino owners do not gamble, because they can afford more interesting options for fun.  

There would be self test outs whether it is really giving that good odds or whatsoever that you are really that trying to find out into your platform. You would of course be prioritizing when it comes to good user experience.If they would be liking to test out their own site then there's nothing wrong with that, its their site or business then they do have the rights on what they should gonna do.
It is really just that i dont know if there are some legal or something like that about owners making bets on their own gambling sites or betting but well its their own choice though.

[rhomelmabini]

The casino owner has a better chance of winning if he bets in his own casino, as he is perfectly familiar with the nuances of betting and various tricks. Often casino owners whitewash their income in this way - it is a fairly common scheme of officialization

I think that's given considering the fact that he is already familiar with his own system. What if a casino owner plays the same as the regular bettors with the chance that he's just boasting in front of his friends? Do you think he still wins in this case?

[Latviand]

Do not forget that he is the owner. He can do whatever he likes. If the owner of a gambling site wants to gamble, he will prefer to use his own site that will benefit him to have fun than to gambling on the gambling site of others that will not benefit him.

I see this as off-topic though.

Now even if they're the owner and that they can bet, that don't mean that they're going to bet anyway. I think that these casino owners are probably too busy with other stuff like running their casino and dealing with other internal stuff to have the time to gamble in their own website plus as a businessman, I don't think that gambling is a part of their liifestyle, they're better off gambling that money in stock market or in their business by recyclin the profits back into the casino for improvemens. Maybe it's a bit off-topic but OP added the word casino so there's that word that makes it immune to being called an off-topic.

The casino owner has a better chance of winning if he bets in his own casino, as he is perfectly familiar with the nuances of betting and various tricks. Often casino owners whitewash their income in this way - it is a fairly common scheme of officialization

That's an illegal thing to do I think? Rigging the game just because you are the owner is a violation on fair game policies in countrie because you're basically like doing an insider trading but in your own casino where you rig the wins and hopefully deceive some people that they can win in the casino just like you did. What do you mean by whitewash? Based on the complete sentence, it seems to me that you're describing money laundering, I don't know any other way that what you're saying could be anything legal.

[Hispo]

The casino owner has a better chance of winning if he bets in his own casino, as he is perfectly familiar with the nuances of betting and various tricks. Often casino owners whitewash their income in this way - it is a fairly common scheme of officialization

I think that's given considering the fact that he is already familiar with his own system. What if a casino owner plays the same as the regular bettors with the chance that he's just boasting in front of his friends? Do you think he still wins in this case?

Is that so?
Owners of the casino have more chances to win than his patrons/gamblers/users? I don't know why, but it seems quite weird to me to do such affirmation in a slightly way.
As far as I understood with some of the experience I have managed to accumulate, in the case of provably fair games, the staff or owner of the casino is not supposed to have any advantage when compared to a regular gambler.
Maybe you both are talking about games which are not probably fair or games whose code can be messed with, in such case it would be dishonesty, by the way.

I am more open to think a casino owner could have more chances on betting by following his experience in the bets he has witnessed as he managed the casino for years.

[klidex]

Do owners of betting companies place bet on their own platform or is there a policy specific policy that restricts them from betting. Do you think that there would be conflict of interest or that it will be unethical if owners bet on their own platforms. These are the questions that I am seeking an answer to.

There is nothing wrong with casino owners to bet in their own casino, I don't suppose there are rules that restrict them from doing so. But it is not advisable for a casino owner to use his own casino. In as much as you have the Liberty to do so I believe it is better to use another casino. Except maybe the person in question has a good percent of self-control and definitely not an addict then he can bet on his casino if you choose to. Maybe to try and multiply his money or maybe he just want to boost the morale of other players.

Indeed, there is nothing wrong with a casino owner betting at his own casino. However, the casino owner should use an account that does not show that he is the owner of the casino so that there is no suspicion whatsoever that he can win a lot of money from his casino. But it seemed funny because he was betting in his own casino. It might be better for him to gamble at another casino and not use or show that he also owns his casino. But if the owner of the casino were me, I would sit back and enjoy the amount of money coming into my account and make sure it was in a safe place. We don't need to double the money because there will definitely be many gamblers who will lose large amounts. So we only pay attention to the casino while still monitoring whether there is fraud occurring in our casino.

The casino owner is free to do whatever he want, whether he wants to gambler in his own casino or in another casino, but if he is in his own casino, he can get a bigger chances of wins because the casino has trick or strategies thats play and the casino owner definitely know it, but if he is just gambling just to please other gamblers so that other gambler know that the casino owner is also gambling, I think it does not matter even if they don't win, so they get excited because they see the casinos owner doing his own activities.

why do you have to use a fake account? Has not the casinos owner made a big profits in his own casino? Why does he still hoped that if he win big, he has to cover up his identity? There no need to covered it because casino owner are also humans, they have the freedom to playing whatever games they like.
Not just you it seems like many casino owners prefer to remain silent instead of being busy doing these activities, they prefer to go on holiday abroad, or shop for luxury good because the profits of casino owners are invaluable because what is certain is that casino owners make abundant profits every day.

[ethereumhunter]

Why did you decide that it would be better if the casino owner bet at another casino? In this case, if he loses, his money will go to someone else.

And if he places a bet in his casino, even if he loses the money, it will still come back to him in the form of profit, so it’s a win-win for him. It's the same as if you have your own grocery store, but you go to a competitor's nearby store and buy groceries there, does that make any sense? The question here is rather: should the casino owner place bets? If he makes a profit from the casino and knows how everything works, then it is clear that he will bet not for the sake of winning, but just for fun, but it seems to me that there is not much point in this.

If it were me, I would be fine if the money went to someone else. After all, it was a small amount of money that I used to gamble and even if I lost, I would only lose a little money. Maybe I want to avoid trouble if I win at my own casino. There is a possibility that other gamblers think that I fixed the gambling game so that I can win. If that happens, they will definitely be suspicious and there is a possibility that they will leave the casino because they suspect me of cheating at my casino and making myself win from my casino. That's not good for the business I run, so I might gamble in other places that have nothing to do with me or know me.

The casino owner is free to do whatever he want, whether he wants to gambler in his own casino or in another casino, but if he is in his own casino, he can get a bigger chances of wins because the casino has trick or strategies thats play and the casino owner definitely know it, but if he is just gambling just to please other gamblers so that other gambler know that the casino owner is also gambling, I think it does not matter even if they don't win, so they get excited because they see the casinos owner doing his own activities.

why do you have to use a fake account? Has not the casinos owner made a big profits in his own casino? Why does he still hoped that if he win big, he has to cover up his identity? There no need to covered it because casino owner are also humans, they have the freedom to playing whatever games they like.
Not just you it seems like many casino owners prefer to remain silent instead of being busy doing these activities, they prefer to go on holiday abroad, or shop for luxury good because the profits of casino owners are invaluable because what is certain is that casino owners make abundant profits every day.

Yes, that's true because the casino owner already has his money from the casino business he runs so he can choose to gamble anywhere. If he gambles at his own casino and wins, it could arouse suspicion from other gamblers because he can win at his own casino and that could make them investigate his casino to find out the truth. If you gamble at your own casino to accompany the gamblers in having fun, that's okay because the casino owner wants to build a closer relationship with his customers and so that his customers will come back again another time.

Yes, a casino owner should enjoy the profits from his casino business by shopping for goods or investing in other things rather than spending money on gambling because he has already created a casino business so he can get the profits. Yes, each casino owner definitely has his reasons, whether they are gambling or just enjoying the profits.

[el kaka22]

I always thought that "big" company owners do not have time for all of this that easily, maybe they can take a break and go to vacation at times, but that's about it, not something that could be for too long. I get that it is hard and it may take a while, but for like 1-2 weeks a year they might, but for the rest of the year the yare working hard and I doubt that they will be able to do anything about it.

This is why I think it could be something that they could handle, and they probably aren't gambling day to day basis. This is true for big ones though, if you are a casino owner and your casino barely has any players, that means you have more things to worry about but also have a lot of free time and could do that, it should be a bit different situation and not this easy. I understand that they may not prefer to gamble either, but they at least have more time to gamble and should be fine, I do not think that it will be that much of a big news in the end.

[Renampun]

Do owners of betting companies place bet on their own platform or is there a policy specific policy that restricts them from betting. Do you think that there would be conflict of interest or that it will be unethical if owners bet on their own platforms. These are the questions that I am seeking an answer to.

I don't know for sure whether gambling owners do gambling too, but I'm sure they definitely do that too, it's impossible for you to set up a business that you don't know how to play. I still remember there was a film, which told the story of a skilled card player who founded a casino, he founded it because he saw the profits he could get, but every now and then he still gambled and his favorite game was poker, even if you weren't good at gambling, you would there are times when you want to gamble just to relieve fatigue and so on, gambling is an activity that many people cannot refuse, especially those who set up a gambling business.

[robelneo]

Do owners of betting companies place bet on their own platform or is there a policy specific policy that restricts them from betting. Do you think that there would be conflict of interest or that it will be unethical if owners bet on their own platforms. These are the questions that I am seeking an answer to.

I wouldn't say it is unethical as long as they are playing as a player and they do not have influence as an owner to their bets, they can play on their own platform, and they may want to see how the user's experience as a player and of course instead of putting money elsewhere, they prefer to do it in their platform, like why are you buying in another store when you have the same stuff in your own store, you get the profit when you're patronizing your own, there is a saying love your own.
And you can also see if there is something to improve in their platform.

[Fredomago]

Do owners of betting companies place bet on their own platform or is there a policy specific policy that restricts them from betting. Do you think that there would be conflict of interest or that it will be unethical if owners bet on their own platforms. These are the questions that I am seeking an answer to.

I wouldn't say it is unethical as long as they are playing as a player and they do not have influence as an owner to their bets, they can play on their own platform, and they may want to see how the user's experience as a player and of course instead of putting money elsewhere, they prefer to do it in their platform, like why are you buying in another store when you have the same stuff in your own store, you get the profit when you're patronizing your own, there is a saying love your own.
And you can also see if there is something to improve in their platform.

Good point in the side of using your own instead of using other platforms, they are also human and the chance of being interested with that same passions might occur, though by chance casino owner will play better to use their own platform as long as they are not doing any wrong or any influence with the possible outcome we might be see them enjoying just like how those gamblers enjoying the services they offered from their own gambling site.

[wxa7115]

I always thought that "big" company owners do not have time for all of this that easily, maybe they can take a break and go to vacation at times, but that's about it, not something that could be for too long. I get that it is hard and it may take a while, but for like 1-2 weeks a year they might, but for the rest of the year the yare working hard and I doubt that they will be able to do anything about it.

This is why I think it could be something that they could handle, and they probably aren't gambling day to day basis. This is true for big ones though, if you are a casino owner and your casino barely has any players, that means you have more things to worry about but also have a lot of free time and could do that, it should be a bit different situation and not this easy. I understand that they may not prefer to gamble either, but they at least have more time to gamble and should be fine, I do not think that it will be that much of a big news in the end.

I suppose from time to time casino owners may take the time to gamble at their own casinos, and do so while pretending to be just another client in order to avoid receiving preferential treatment, see how everything is working out and evaluate how most clients are being treated.

This way they can find areas of opportunity in which their casino can improve the quality of the service they offer to their clients, and while they could hire some gamblers to do this for them, there are instances in which the best way to find out the shortcomings of your business is by making those kind of tests by yourself.

[len01]

Good point in the side of using your own instead of using other platforms, they are also human and the chance of being interested with that same passions might occur, though by chance casino owner will play better to use their own platform as long as they are not doing any wrong or any influence with the possible outcome we might be see them enjoying just like how those gamblers enjoying the services they offered from their own gambling site.

but this problem is a matter of pros and cons between other gamblers because each gambler has different thoughts.
I mean when a casino owner gambles on his own site and there is someone who knows he will think if there is manipulation in the game because the gambling owner is betting at the same table as other gamblers.

this is the same as a casino owner gambling in his own casino and playing at the poker table with other gamblers but the casino owner is lucky to win continuously and the other gamblers will think badly if there is manipulation in the game.

maybe some gambling owners will do this and for me it does not matter as long as everything goes fairly but its just that a debate will definitely occur about this manipulation so there will be pros and cons in this matter.