Who's winning more casinos or gamblers?

[dothebeats]

Casinos will always get the longer end of the stick.

Just imagine how much money they are getting from the withdrawal fees alone. Not to mention their house edge, albeit being set at 0.1% or similar, is still profitable for them. They might be just tossing the money around within the casino, but nonetheless they are posting good numbers because not everyday will there be a huge winner.

There's still a lot of depositors at the end of the day, and most of those depositors don't get their money back.

[ryzaadit]

A simple answer to your question.

Just search the internet for a yearly report of the casino, especially a casino who are running on (Vegas). You will see most of them are on the net-positive report, which mean they have a good earning.

Especially right now most of influencer are advertiser gambling.

[Frankolala]

Casinos are the ones making more profit every day, and their pockets are getting fat. This is because if you look at it from this angle, you will notice that teenagers are involving in gambling more than before, because they think that it is another means of making profit, and they keep on throwing money inro gambling, hoping to win big someday. Casinos are everywhere and this shows that the business is booming, if not a lot of them would have fold up.

If any casino packs up from the business, it was not because a customer won big that lead to their bankruptcy, but it might be mismanagement of funds, or an insider knowing the cheat, and used it against the casino to bankrupt them or they are scammers or some other issues. We all know that we lose more than we win, and a lot of gamblers has always spent so much money in casinos chasing their losses that can never be recovered. Thise who have more than they have lost in casinos are few, and whenever they win big, they will quit, if not their win will be used to gamble back in the casino, which they will end up losing all of it. The house edge always wins.

[alani123]

Generally casinos have a set house edge on their games, which in the grand scheme of thins should correlate with the return to player.

So if in a day a casino has 100$ wagered, we can overall expect ~4% revenue towards the casino's bank accounts. 4% being around the upper limit for house edge. Usually though, this number can trend a lot higher because players will very often keep gambling with their entire balance until they go bust, with a very small percentage of all players coming out of the casino in profit.

So the real number is unclear to visitors unless the casino publishes some sort of stats. Because the bankroll of casinos is usually privately funded though, we rarely get a glimpse to such data. Another interesting spec though can be that in casinos with a public bankroll where large bets can be placed have an all time profit of lower than their house edge in relation to their total waggers. For example bustabit has ₿ 2,318,294 waggered but only ₿ 7,066 all time profit (which is 0.3% of total wagered). To my understanding casinos are in an advantageous position to this due to attracting customers that are willing to play at a higher house edge with lower max-bet limits, which leads to more losses.

So in the end, it's obvious that the casino always wins. But the casinos that win the most are the ones with the best marketing, able to attract players willing to lose on high house edge games like slots.

[sokani]

So the casino remains the biggest beneficiary, right?

I don't think I would be wrong if I say that the casinos are the ones benefitting the most than gamblers. I understand casinos spend huge amount of money for promos, taxes but the rate at which new ones are surfacing is something that would make me conclude that they're making a lot of money. No matter the number of wins by gamblers, casinos are still profiting. They can pack up for other reasons but not because of the high winning rate of gamblers.

[DaNNy001]

Every day, thousands of dollars enter or leave the treasury of casinos, and we always hear about a gambler who wins or loses a large sum of money.

The thing that caught my attention is that the casino never loses. The money that you win is not the property of the casino, but of another player. The casino is in the process of recycling the money that the players have invested. There is always a winner and a loser, and when you bet with an amount of money, you bet against the money of all the other players. If you win, they will pay you from their money, and if someone else wins, they will pay himBTCBTC from your money.

So the casino remains the biggest beneficiary, right?

Like what are you saying bro, if the casino aren't really benefiting then you should probably see less casino and still yet there are tons of them popping out from the blue everyday by day and gamblers despite the losing still play on these casino because their is this factor of hope that they can win that big win. What I know for sure is that the casino are making a hell of a fortune and that's why they keep coming into the industry.

[coolcoinz]

The thing that caught my attention is that the casino never loses. The money that you win is not the property of the casino, but of another player.

That's a bold claim.

Let's imagine the following situation. A casino opens and has a certain bankroll. The average win rate of players is close 50%. The casino offers dice and slots, so you don't play against other players there, like when you play poker or bet on sports. The casino starts with a million dollar bankroll and after the first week there are no big winners or big losers, but casino makes money on every game, so it's up $10k.
A high roller comes and manages to win $20k, so 10k out of that will come from the pockets of other players, but where dos the other 10 come from? Yes, the casino's bankroll.

If you were only claiming other people's money it would be impossible for a casino to be in trouble or go bankrupt and things like this happen.

[Dr.Bitcoin_Strange]

The thing that caught my attention is that the casino never loses. The money that you win is not the property of the casino, but of another player.

So the casino remains the biggest beneficiary, right?

In the past month, when a similar topic was created, I did say that if running a casino company was not profitable to the owners, new casinos would not emerge, and other exiting casinos would have actually gone bankrupt for paying more of the winners. Gambling is a game of luck, and it's known that casinos are usually the ones that make more profit in the gambling business than their customers. 

Your statement that the money that some gamblers win is not the money or property of the casinos seems unclear. If a gambler goes gambling, they already know that they will either lose or win the game, so if they decide to gamble and lose their money, that money automatically becomes the casino's own, and you can't claim back such money legally or through any means unless you are lucky to win a jackpot, which is a very huge amount that could be higher than all you have lost so far. 

Many people are usually aware of how the business of gambling is run even before they decide to stake their money. 

[Zanab247]

I agree with you on this op, casino owner made more money than gamblers but some gamblers will not know until they begin to see some gamblers that lose from their gambling, I don't think I will be able to recover from what I have spend since I started gambling, and my budget everyday is $5 daily on gambling whether win or lose I will still gamble the next day to try my luck again.

 I know that some gamblers use to win big money from casino, but you cannot use it to compare thousands of gamblers that lose every day and, even though the casino owner lose a day from the casino center, it will not take him or her days to recover the money from other gamblers that will lose.

[bangjoe]

However, we must mention that casinos are businesses that are run to generate profits for their owners. In order for a casino to continue running, of course it has several workers who must be paid every month, and to be able to have an operational permit, of course you also have to pay taxes every year, and in order to attract customers to visit. place or casino platform, then he also has to spend some money to carry out promotions. So it would be a bit of an anomaly if the profits obtained by visitors were greater than the profits obtained by the casino itself. However, a casino has a budget that must be spent, whether every day, week, month, or year. And when these expenses are not balanced with the profits obtained, of course this can cause the casino to go bankrupt. And this is what makes a casino continue to compete to attract as many customers as possible so that they can continue to reap bigger profits. And after all, the casino apart from being a gambling organizer is also the holder of the gambling system itself, and it is impossible for anyone to create a system that can harm themselves.

[xLays]

Every day, thousands of dollars enter or leave the treasury of casinos, and we always hear about a gambler who wins or loses a large sum of money.

The thing that caught my attention is that the casino never loses. The money that you win is not the property of the casino, but of another player. The casino is in the process of recycling the money that the players have invested. There is always a winner and a loser, and when you bet with an amount of money, you bet against the money of all the other players. If you win, they will pay you from their money, and if someone else wins, they will pay himBTCBTC from your money.

So the casino remains the biggest beneficiary, right?

To be honest based on my knowledge I don't know but I have some guesses that yes it's always casinos because as far as I know casinos are built and design to win. Eventhough some players win occasionally, the odds are designed in favor of the casino. But casinos also have to spend money to run their business like paying staff and maintaining the building etc. So while they do make profits it's not as straightforward as always winning compared to the players. But still for me its always casino.

[Lorence.xD]

Of course it is casinos. The idea of house always win simply proves that most of the gamblers are losing often than with winning. Gamblers are just up with quantity but if it is profit then a casino will be more advantageous; transaction fees, losses, and the likes. However, if you're  gambler you won't percieved it as gamblers vs other gamblers but rather, gamblers vs the casino itself. Casinos are most of the time winning over those who are losing and that's just how a business work; citing the demand and targetting it for gains. As long as there are gamblers who are winning, then others despite of loss, will continue playing for the sake of getting the same fortune. As we all know, no matter how hard you desire to win, if you are unlucky then things would either be the same or worse. Minding the gambling site of earning more will just stress you out. You cannot force gambling to be in your side but you may force oneself to be preventive of the outcomes.

[South Park]

Every day, thousands of dollars enter or leave the treasury of casinos, and we always hear about a gambler who wins or loses a large sum of money.

The thing that caught my attention is that the casino never loses. The money that you win is not the property of the casino, but of another player. The casino is in the process of recycling the money that the players have invested. There is always a winner and a loser, and when you bet with an amount of money, you bet against the money of all the other players. If you win, they will pay you from their money, and if someone else wins, they will pay himBTCBTC from your money.

So the casino remains the biggest beneficiary, right?

This is only true on the games in which you compete directly against other players, as it is the case of poker, however for the rest of the games you are competing against the house and whatever money you may get comes from the casino, now some may think that since the money of the casino comes from the money they can get from other players, they can make the case the money comes from other players anyway, but this is not true as the casino first needs to win that money and then lose it to you.

[alastantiger]

So the casino remains the biggest beneficiary, right?

That's right. It is a business venture if people do not lose money, they will be out of business in no time. I think that the business model is quite simple, "we win most of the time. That the winning is split between us and the gambler 95: 5" In this day and time, casinos are the most profitable venture that one who has the initial capital to run can invest in. There are millions of gamblers visiting the casino and the house will always win.

Just imagine how much money they are getting from the withdrawal fees alone. Not to mention their house edge, albeit being set at 0.1% or similar, is still profitable for them. They might be just tossing the money around within the casino, but nonetheless they are posting good numbers because not everyday will there be a huge winner.

The who fact. In fact they are making money more than just from the deposit alone. This is a very lucrative venture.  Still, the onces which remain unprofitable which I know there are, are the ones whose bad reputation precedes them.

[Cantsay]

The answer is already obvious - if it was gamblers then you won’t have seen many people opening their own casino. If you do a computation between the wins and losses of all gamblers you’ll see that the wins are just little and that does not significantly affect the overall performance of the casino.

Aside from what has been mentioned- there are still some few gamblers that have managed to stay on the winning side of the game and those are either just lucky or know how to make good analysis (in cases of sport betting) and the percentage of such gamblers are less than 20% (which might be too high here).

[Fortify]

Every day, thousands of dollars enter or leave the treasury of casinos, and we always hear about a gambler who wins or loses a large sum of money.

The thing that caught my attention is that the casino never loses. The money that you win is not the property of the casino, but of another player. The casino is in the process of recycling the money that the players have invested. There is always a winner and a loser, and when you bet with an amount of money, you bet against the money of all the other players. If you win, they will pay you from their money, and if someone else wins, they will pay himBTCBTC from your money.

So the casino remains the biggest beneficiary, right?

If you have to ask this question you have missed the simple dynamic between gamblers and casinos. There's a reason that the owner of Bet365 got paid out hundreds of millions in profit just from a single year. It should be plainly obvious to anyone that casinos and sportbooks are pure money making machines, the only competitive element in the equation is the rivals they are competing against to drain the wallets of gamblers. In that regard even a few points extra on the bookmaker odds that are on offer will over time sway more gamblers towards a certain gambling site. The players are just simple puppets that have the odds openly presented to them and they still choose to pour their money in.

[goaldigger]

Every day, thousands of dollars enter or leave the treasury of casinos, and we always hear about a gambler who wins or loses a large sum of money.

The thing that caught my attention is that the casino never loses. The money that you win is not the property of the casino, but of another player. The casino is in the process of recycling the money that the players have invested. There is always a winner and a loser, and when you bet with an amount of money, you bet against the money of all the other players. If you win, they will pay you from their money, and if someone else wins, they will pay himBTCBTC from your money.

So the casino remains the biggest beneficiary, right?

Casino is a business, so it's their priority to make money out of the gamblers and they will not allow any gamblers to take advantage of their platform and this is the reality. Casinos will always be the winner at the end of the day and gamblers will be the one to suffer a lot here. There's a lot of casinos today and that is because the money is big in casinos, all they have to do is to create a good platform with a good capital, and within a year for sure they can have a good return.

[CryptSafe]

Casinos operates just like the sayings that says " Rob Peter to pay Paul" that is all about gambling. You know one thing that gamblers fail to understand is that the odd always ends in favor of house  which is always a norm in the casino space. This is amongst the reasons why gamblers are advised to gamble with what they can afford to lose.

Casino are always in the winning side of it all because they are a running venture and would need gamblers loses to fund the house so I that case, the odds goes majorly in favour of the casino as it was designed in that way.

[SmartGold01]

If Casinos arent profitable then we wont really be seeing tons of it today but we are seeing the other thing around. So its clearly on whose really making money.

There should be some percentage going through the casino's treasury and for that the rest are being circulated among the gamblers, I have also been wondering about this as well since series of people keeps gambling especially when a casino or gambling site have lot of traffic and users who are active gambling over there. This clearly shows that casino aren't losing that is why we find more of them flowing in every days, So as a gambler you need to be strict on your allocation to gamble otherwise you are directly paying other bettor's who happens to win that day or week, most time when there is a massive winning some of the casino's find's it difficult to pay out their gambler because they don't have enough bettors who are betting with their platform.

[shivansps]

If Casinos arent profitable then we wont really be seeing tons of it today but we are seeing the other thing around. So its clearly on whose really making money.
This is why as a gambler then you should really know that gambling is really just that for fun and not on making yourself that getting rich because once you do have this kind of mindset or
thinking towards it then sooner or later you would really be finding yourself getting wrecked by it.Therefore, it would be always wise on having those realistic approach rather
than on making yourself that delusional because this is where things becomes shit if you do have those kind of non realistic hopes and goals.

I didn’t think that anyone would have such questions, but there is an explanation for everything. I am sure that if a casino does not make money or is unprofitable, then there is no point in it and there would not be so many of them. The creators of this business are far from stupid people, I think that the casino benefits much more than the players. I have no analytics or evidence or research, but this is my opinion