Do Owners of betting companies bet?

[Bitinity]

Theoretically they can do whatever they want. But in reality, I think they won't do that, basically because they understand too well how their system works and what the win-loss ratio is. Would you play knowing what the outcome would be?

If this is the main concern, most gamblers know also know how the system works, know about the win-loss ration, but they are still gambling because they like it. Owners of a casino may still gambling if they like to do it although they have much better understanding about the system.

Attractive gambling is when we bet on something we do not know in advance what the outcome will be. It gives us excitement to play and wait. The casino owner is the one who creates the game, if they play for the purpose of making money, then sitting idle and not playing is already making money. If they are looking for fun, they will probably choose another game instead of the one they created.

Casino owners are not always the one who create the game, there are casinos where the games are mostly from 3rd party providers. Even if casino owner create his own game, he may still play it for fun. But for making money, I dont think casino owners will do it because they are making money already with the casino.

[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.

Just because you are the owner of a casino doesn't mean you don't have the right to play on your own online casino platform. Of course, that's not the case. Maybe it's possible to play gambling on your platform where you don't withdraw money but can win money and withdraw as well.

Of course, you, the owner, can do everything you want to do in your own casino; you can bring in money, and I don't see anything wrong with that either.

As an owner, you can playing gambling games in your casino. You can hide yourself when playing gambling so there is no employee knows that you playing gambling on your own casino. Maybe you playing gambling in your casino because you wants to feels the experiences so you can knows if your members will satisfy with your casino. If not, you can add more services or some other features that can gives satisfaction to your members. Playing gambling at our casino doesn't mean something because we should knows how well our casino to our members so we can gives them satisfaction in playing gambling. Maybe some people will say it's unethical because they knows better about their casino. But that will depends on each owner about their reason playing gambling on their casino.

[harapan]

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.

A deep thoughts on this,but I see it that owners of betting companies do place bets too and yes in their own platforms but they don't show it,but rather they prefer doing it at a convenient space which is their office but have also seen other bet companies owners that do it visible too to both their staffs and clients,they do it to show they are also in the game together and to make their customers be at peace and comfortable placing bets.

Cause I use to visit this particular bet shop with my guys,so one day a quarrelling fight came with a guy that loosed,he said everytime he keeps loosing his money that where's your Boss,he keeps eating out money whereas he doesn't bets,so suddenly the owner of the place came out and explained to the man probably gis strategies are not working well for him,so he stood in the line to place bets and let's them watch him to prove to the guy that he loses money too.

[Webetcoins]

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.

Op there is no restricrion when it comes To individual betting And there is no Law that prevents the owners of betting shops not To bet it all depends on the individual And Choice. If the owner of a betting shop see an opportunity And potential chances To win , he or she will bet , beside i have seen several people who are owners of betting shop visit another betting shop To place their bets instead of their own And when i tried To enquire why they are doing such . He said that it is financial discipline that If he decides To bet in his shop he might end up not paying for the bets So he prefers another betting shop .

Lastly most of the owners of  betting shops are chronic Gamblers And often bets from time To time , they also Find money just like you and i And besides they are just Agents  And not the exact owners of the shops . And as such they try also To practice the betting To know If luck will shine  on them Too

If normal individuals, I see nothing wrong with that but betting shop owners seems to have their own different title. There are lots of things that can go wrong if they will also join the competition, unless if they will be transparent with it just like Eddie in Stake. It makes the game more exciting instead of worrying.

The owners of the betting shops are already a winner by the time they open up their business and there is no need to be greedy anymore. With that, I think yeah that they are chronic gamblers but that's kinda amazing, especially if they did not lose all their money in another betting platforms. I thought that if we have a problem and we open a business it will only affect it negatively but it might also be a way for us to change and discipline our selves.

[adpinbr]

Owners of betting companies don’t have the time to place a bet and it may not be useful because he is also paying himself, unless it a business that has a share holders and maybe the owners of the company has 50% and he can know gamble because everyone in the company deal with percentage

[Su-asa]

Owners of betting companies don’t have the time to place a bet and it may not be useful because he is also paying himself, unless it a business that has a share holders and maybe the owners of the company has 50% and he can know gamble because everyone in the company deal with percentage

What is the need of them betting? If they bet and win, who will pay? So there is no benefits of them betting, they pay the winners and who will pay them if they win? No body give a fuck about them, gamblers want to win and many gamblers don't care about the owners of the casinos they only care about the amount they want to win.

[Gheka]

Owners of betting companies don’t have the time to place a bet and it may not be useful because he is also paying himself, unless it a business that has a share holders and maybe the owners of the company has 50% and he can know gamble because everyone in the company deal with percentage

What is the need of them betting? If they bet and win, who will pay? So there is no benefits of them betting, they pay the winners and who will pay them if they win? No body give a fuck about them, gamblers want to win and many gamblers don't care about the owners of the casinos they only care about the amount they want to win.

Sometimes casino owners stand on their empire, their purpose is sometimes just to visit what they have created, they do not necessarily win money, they just happen to want to know what it feels like to win after years of putting that practice into business. Obviously, the staff also didn't completely know who the owner of the casino was, so impersonating and becoming a player made more sense, as you said, a player who focuses on rewards but casino owners no longer put that emphasis on it, they need more thrill in life.

[Frankolala]

Owners of betting companies don’t have the time to place a bet and it may not be useful because he is also paying himself, unless it a business that has a share holders and maybe the owners of the company has 50% and he can know gamble because everyone in the company deal with percentage

What is the need of them betting? If they bet and win, who will pay? So there is no benefits of them betting, they pay the winners and who will pay them if they win? No body give a fuck about them, gamblers want to win and many gamblers don't care about the owners of the casinos they only care about the amount they want to win.

A casino owner does not need to be a gambler so that he does not become an addict since he can play any game he wants, because they are on the top of his fingertips. If he wins you don't expect him to be paid. Any business that render services or goods that can lead to addiction, it is not a safe practice for the owner to be a consumer of that goods and services because it can lead him to addiction and he might loose focus on his goal.

This is why I feel that casino owners might not be gambling, but if any of them gambles it shoukd be done in his casino.

[pinggoki]

~

One of the advantages a casino owners have is that they already knows the odds that played all the time, already they have specialists that deals on the odds and the odds specialists are not allowed to play because they know what odds that played and the one that get lost.
I will like to bet with a casino owner because as he already knows the odds which means anyone he plays will come and as he's playing I will also bet on that same odds too.
Some times the casino owner game might cut but there is always a possibility that his winning will be higher than his losing.

It's an advantage not a go signal, an advantage doesn't mean that you can do it. Casino owners are just like any athletes in sports out there, they can bet but it would be a violation to do so because they're involved in the game and it's unfair that they can directly manipulate what might happen in the game that they've put their bet on. Take this hypothesis as an example, imagine Michael Jordan betting on a Bulls game against someone and he decides to bet on the other team for the higher odds which means that he wouldn't be playing fairly in the game and on the betting because there's some manipulation and throwing of the game, see where I'm going with this? That's why I don't think that casino owners don't gamble on their own casino, not to mention that they're probably just getting their own money back, it's circular pattern with no profit for them.

[Mr.suevie]

Owners of betting companies don’t have the time to place a bet and it may not be useful because he is also paying himself, unless it a business that has a share holders and maybe the owners of the company has 50% and he can know gamble because everyone in the company deal with percentage

What is the need of them betting? If they bet and win, who will pay? So there is no benefits of them betting, they pay the winners and who will pay them if they win? No body give a fuck about them, gamblers want to win and many gamblers don't care about the owners of the casinos they only care about the amount they want to win.

Sometimes casino owners stand on their empire, their purpose is sometimes just to visit what they have created, they do not necessarily win money, they just happen to want to know what it feels like to win after years of putting that practice into business. Obviously, the staff also didn't completely know who the owner of the casino was, so impersonating and becoming a player made more sense, as you said, a player who focuses on rewards but casino owners no longer put that emphasis on it, they need more thrill in life.

I don't know if you haven't actually experience the thrills of that particular winning feeling although it's pointless for a casino owners but I do believe some of these casino owner were maybe at one point in their life also gambling or had little experience and believe me who ever have had the experience will likely go and test it out not that am stipulating that they do gamble or anything but sometimes they might likely want to feel the rush.

[adpinbr]

Well, I don’t believe the owner of Betty placing a bet in the platform unless it’s a complaint that has a lot of show maybe the owner of the company which is the founder have just about 40 to 50% and he may decide to make more money on listing his personal gambling because the money is only if the person is a gambler that is the only way the person will going to enjoy it

[irhact]

Owners of betting companies don’t have the time to place a bet and it may not be useful because he is also paying himself, unless it a business that has a share holders and maybe the owners of the company has 50% and he can know gamble because everyone in the company deal with percentage

I don't think there's any law that stops owners of a gambling platform to place a bet on any other platforms or with there's, I don't know if I'm right though but I think it takes someone who's experienced in gambling to own a gambling platform therefore I feel most casino owners do gamble when they're less busy or place bets on their favourite sports teams. I don't think there's any rules or law against that.

 Another thing is that, if the said individual is a gambler then they'll definitely bet with their own company. They're humans like everyone and they have choices and if one chooses to gambler whether as the businesses owner or not them they're good to go so far they gamble responsibly of which I believe they'll since they've already had the experience or have experienced board members surrounding them.

[rachael9385]

Owners of betting companies don’t have the time to place a bet and it may not be useful because he is also paying himself, unless it a business that has a share holders and maybe the owners of the company has 50% and he can know gamble because everyone in the company deal with percentage

I don't think there's any law that stops owners of a gambling platform to place a bet on any other platforms or with there's, I don't know if I'm right though but I think it takes someone who's experienced in gambling to own a gambling platform therefore I feel most casino owners do gamble when they're less busy or place bets on their favourite sports teams. I don't think there's any rules or law against that.

 Another thing is that, if the said individual is a gambler then they'll definitely bet with their own company. They're humans like everyone and they have choices and if one chooses to gambler whether as the businesses owner or not them they're good to go so far they gamble responsibly of which I believe they'll since they've already had the experience or have experienced board members surrounding them.

There is no law that stand against owners of betting companies, the only laws I know of is this. Owners of betting companies are always allowed to bet but in as much as it's consern, there is not rewards if the owners of betting companies bet in their own casinos because they have the money to themselves, so when they win who's gonna pay? They might try to gamble and test their luck in other casinos that's not owned by them.

[Bravut]

Owners of betting companies don’t have the time to place a bet and it may not be useful because he is also paying himself, unless it a business that has a share holders and maybe the owners of the company has 50% and he can know gamble because everyone in the company deal with percentage

I don't think there's any law that stops owners of a gambling platform to place a bet on any other platforms or with there's, I don't know if I'm right though but I think it takes someone who's experienced in gambling to own a gambling platform therefore I feel most casino owners do gamble when they're less busy or place bets on their favourite sports teams. I don't think there's any rules or law against that.

 Another thing is that, if the said individual is a gambler then they'll definitely bet with their own company. They're humans like everyone and they have choices and if one chooses to gambler whether as the businesses owner or not them they're good to go so far they gamble responsibly of which I believe they'll since they've already had the experience or have experienced board members surrounding them.

There is no law that stand against owners of betting companies, the only laws I know of is this. Owners of betting companies are always allowed to bet but in as much as it's consern, there is not rewards if the owners of betting companies bet in their own casinos because they have the money to themselves, so when they win who's gonna pay? They might try to gamble and test their luck in other casinos that's not owned by them.

Exactly. They can gamble with other casinos not there own, as you have said who gonna pay them? It still there money, I believe opening a casino is for business and as such expecting profit so they care about having more customer base and more gamblers to increase, he won't sit and watch or provide a suitable environment for gamblers to win, his concern is how to remain relevant and grow not sit and gamble.

He can gamble else where to try, test and also see things for himself and might likely apply any new options to his from such exposure.

[LFC_Bitcoin]

I would imagine that owners of betting companies do bet yes. To be interested in and get involved in setting up a casino or sportsbook you would expect that one has to have a significant interest in gambling.

Obviously it’s a business where the motive is to make money from others losing bets but the owners of hetting sites most likely do gamble yes.

[Huppercase]

Owners of betting companies don’t have the time to place a bet and it may not be useful because he is also paying himself, unless it a business that has a share holders and maybe the owners of the company has 50% and he can know gamble because everyone in the company deal with percentage

I believe that a person who runs a business and generate their targeted business will be busy with how efficient the business will last and how it's going to be generating more money for the company and not be busy playing. I'm not sure if the company is even going to allow it's staff to play in their own personal casino because it's wouldn't go well for the casino, imagine the owner of the betting company playing and then he won millions, who is going to pay him the millions?

If a person runs a casino, the aim and objectives will be how to accumulate more money instead of how to remove the money from company, even the staffs employed wouldn't be allow because they will suspect and will think he cheated, everyone will think the same thing especially if it's a casino games or any game that will be running from the system which they know it's possible to manipulate from within the system.

[hedgeh0g]

Owners of betting companies don’t have the time to place a bet and it may not be useful because he is also paying himself, unless it a business that has a share holders and maybe the owners of the company has 50% and he can know gamble because everyone in the company deal with percentage

I don't think there's any law that stops owners of a gambling platform to place a bet on any other platforms or with there's, I don't know if I'm right though but I think it takes someone who's experienced in gambling to own a gambling platform therefore I feel most casino owners do gamble when they're less busy or place bets on their favourite sports teams. I don't think there's any rules or law against that.

 Another thing is that, if the said individual is a gambler then they'll definitely bet with their own company. They're humans like everyone and they have choices and if one chooses to gambler whether as the businesses owner or not them they're good to go so far they gamble responsibly of which I believe they'll since they've already had the experience or have experienced board members surrounding them.

Probably any members and employees are prohibited from playing in their own gambling company, but I’m not sure. They probably do this so that if they win big, they won’t be suspected of cheating. Just imagine a situation when the director of a gambling company wins one of the biggest winnings. Of course, ordinary players who played there will immediately suspect him of tricks. And other responsible persons may begin to investigate him due to suspicion of money laundering. So in general, I think many directors of gambling casinos play, but try not to make huge bets so as not to attract attention to themselves.

[Antotena]

I would imagine that owners of betting companies do bet yes. To be interested in and get involved in setting up a casino or sportsbook you would expect that one has to have a significant interest in gambling.

Obviously it’s a business where the motive is to make money from others losing bets but the owners of hetting sites most likely do gamble yes.

For any CEO of a betting company, they would understand what they are selling to people, so gambling is what they should like but gambling in their own casino with money driven is going to be a no. Why are you risking money to bet when you are expecting people to lose so you can earn more? If owner of a casino is betting, it's going to be for testing of user experience and perhaps to know where there is flaw, how people experience in the casino and wouldn't be for the money.

A business place is a business place, If the casino is to be a joint business, I'm not sure there is going to be  a better explanation if you are winning a lot of money from a company you all dedicated your life to built. Who will account for the losses.