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Author Topic: Who's winning more casinos or gamblers?  (Read 1107 times)
usekevin
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February 22, 2024, 11:37:23 PM
 #61

Of course, a casino also has and implements a system that regulates how a casino can still make a profit. And I think, even though a casino has given a number of big wins to its visitors, on the other hand the casino will also still make a profit. Because this is one of the promotional strategies carried out by the casino to attract new visitors so they can bet at their place. why is that, because later the winner will indirectly help promote the casino he visited by telling about his win to the people closest to him or those around him, so that the win will become a word of mouth story which makes the casino even more popular and make other people interested in visiting it. Especially in today's digital era, and with the addition of cyberspace, information can spread quickly and become viral.

A casino can never lose, because they are in control and have a set of rules for their visitors. where this rule was deliberately created to generate profits from casino visitors. So it is mandatory for us as casino visitors to gamble appropriately, namely by not expecting too much and pursuing profits by gambling, because after all that is not possible unless we are really lucky to get a big win.


The casino was built in a way to make money only if the gambler use the good prediction,If any wrong prediction happened in the gambling will leads to the entire loss,the casino game was the risky one compared to the sports betting.In order to avoid of risk in the casino game,most of the gamblers uses the sports betting as their game in the gambling site.Because by knowing the football players details and the football rules the gamblers can make the continuous game.The most of the sports betting was made on the football game.Because the sports was the unique game many gamblers uses the odds of betting to make money in the sports betting.The gamblers sports betting was the easy way to make huge profits only by knowing the game of the one team participating in the particular game.Because they were bet on the one team which make the winning,the winning team also give the money to the gamblers who made the betting on them in the gambling site.The gamblers in sports betting will use the odds of the experienced sports betting people.

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February 22, 2024, 11:44:51 PM
 #62

In the world of gambling, casinos are the undeniable victors. While there may be a few gamblers who walk away with substantial winnings, the casino always emerges as the ultimate winner. This is primarily due to the casino’s advantage known as the house edge; it ensures that more money is earned from bets than paid out to winners.

An expression of the advantage known as a “casino edge,” or sometimes called “the house edge,” represents the distinction between winnings that are paid out to players and all stakes brought in by bets placed. Applied to every game of chance played in a casino, this particular edge is an outgrowth of the mathematical and statistical principles serving as proof positive that any given casino will, in time, always turn a profit.

There are people who can make money. More often than not, casinos turn out to be the ones holding the biggest returns in terms of money, and as a result, this sector becomes one of the highest-earning in the field of entertainment and gaming.
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February 23, 2024, 12:36:56 AM
 #63

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?
That is correct. The maximum the casino does is to allocate an initial big investment from their own pockets to start the platform's bankroll and afford potential short run losses the house may face due to lucky whale gamblers hitting the jackpot. But on long run it's a safe business, since the house edge factor is playing on their favour and will inevitably lead most gamblers to losses, which will be useful to reinforce the house's bankroll and generate profit from that moment on. At some point, the casino won't even be using its initial investment anymore to keep the business running, rather they will use only money from players in loss to pay winners.

The casinos are always in advantage and that is the reason why they are willing to operate on this industry, because it's profitable. If it weren't, the gambling industry wouldn't exist anymore and people would have to stick to PvP gambling among themselves without any middlemen and modern platforms involved on the process. It means it would be much harder to gamble, because there wouldn't be a common place for different gamblers in every corners of the world to come together in order to bet.

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qwertyup23
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February 23, 2024, 01:01:56 AM
 #64

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?

Yes, casinos earn way more due to the presence of house edge.

Remember that casinos are businesses that people invested on. They are still a money-making business for some other people, though it may require these owners some capital in order to continuously fund for advertisements, promotions, and jackpots.

I do agree with some that it mentioned that casinos are profitable due to their very nature. With its rampant growth over the past years, the influx of online casinos is nothing but proof of its profitability across the globe.

R


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February 23, 2024, 01:58:52 AM
 #65

In the gambling industry, winning and losing has become common thing because the result of gambling is that even if you don't win, will definitely lose, the difference is the number of losses will suffer and the number of wins will receive.
Everything will depend on how much money is used, if only use relatively small money then the loss will certainly not be so disappointing and vice versa, but with small betting amounts it will be very rare to get big win.
A win is just an amount of money which is small return for gamblers and after win of course before or later at another time we can experience more losses, from here the thing that must be paid attention to is to accept every loss as much as possible.
We as gamblers can never really get definite profit from gambling and if we calculate it in more detail then there will only be losses from each betting session carried out.

Quote
So the casino remains the biggest beneficiary, right?
Of course, the casino or house edge is the party that benefits the most in this industry because they do business and we are only customers who use their services to get entertainment and satisfaction.
Gamblers have guarantee of losing while the casino is place that will always be able to collect certain amount of profit from each gambler loss, but if we gamble just for fun then all this will never become complicated problem.
It depends on how we respond to it and have an approach to gambling.

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goinmerry
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February 23, 2024, 02:01:11 AM
 #66

So the casino remains the biggest beneficiary, right?

Beneficiary might not be the right term but rather that's how business works.

These casinos were established as a business. As a business owner, isn't it just common that you will make it profitable? That's the reason you established a business in the first place. Since we are talking about casinos, where should they get their daily revenue? Of course, from their customers.

The more they attract some users, the bigger the expected money that will go to them since the house always wins.

And the cycle will just repeat and repeat and repeat.....
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February 23, 2024, 02:15:02 AM
 #67

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?
You have also answered your own question. The gamblers and their winnings, based on my own assumption, are not even up to 10% of what the casino's make in a single month or day; that's, every day, winning from gamblers is not up to 10% of what the casino gets from all the gamblers that same day. 
 
The casino's are always on the winning side; only a few gamblers are able to even win up to the amount that they have lost to the casino back. The rest of the people are just rotating around what they have spent and what they are yet to spend. At the end of the day, they go home with little winning and the casino with the bigger pocket.

R


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February 23, 2024, 02:20:06 AM
 #68

What do you expect? Business is business no matter what it is, and casino is one of them. Of course, they have a system wherein they can earn so that they could sustain their business. And about the winnings of the players, if you know how gambling works, you know that no matter what amount or how many players win, the casino will not be bothered because what gambler wins is the money from other gamblers, and OP is right about that. Casino has a cycle where there will be a winner and a loser, and those excess money will go through the casino, and also every game there will always be an entrance for the casino and also in a specific game. So I think casinos are more beneficial in terms of profit because it's their business, while among gamblers there is a cycle because there will always be a loser and a winner.

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February 23, 2024, 02:27:13 AM
 #69

Casinos never lose. Casinos provide a place to gamble for gamblers and provide the best service to gamblers so they will still come to their place. Gamblers who cannot control themselves will only experience defeat and not just once but it will be a losing streak.

Yeah, the casinos remain the biggest beneficiaries because they own the business. We, as gamblers can only control the gambling game and don't need to spend all the money. Gambling is only for entertainment and we should also be able to use it as a place to have fun. If there are people who use casinos as a place to make money, they should immediately change their mindset.

We will difficult to get big wins from casinos. That's why we must be able to limit ourselves from chasing victory. If we win, that is enough for us to stop the gambling game. If we lose, it is also time to stop gambling.

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February 23, 2024, 03:05:11 AM
 #70

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?

Gamblers are going to lose or win depending on their luck, sometimes gamblers are going to make a huge amount of money, and there are times for sure that gamblers are going to lose, but the casino is always making money as a business as long as there are gamblers that are playing casino is always going to be profitable, I mean its a business so there is always profit that is being made if no profit is being made then casino business is not going to run for. We don't know how they are managing the money or what kind of scheme they are running in the casino, but in my opinion, they could easily make money, I would say that there are probably a lot more losers in a casino with a few percentages of winning and making a profit. If that is the case for sure they are always making money, some people are going to think that they might be bankrupt since one people win a huge amount of money but there are probably 30 people who lose before that guy wins if we are going to put it on a perspective that is probably how they can make money.

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February 23, 2024, 03:29:52 AM
 #71

If I am not mistaken, there are some casinos that also losses but only for a brief amount of time because the casino only profits in long term and they will not going to lose as long as they have hump amount of bankroll they will not lose. Technically, the gambling sites are business sites and they will not open up a business if it is a 50/50 risk, they are not gamblers but rather businessman. Though we can see a lot of people that is winning a big amount but you won't realize how much is the profit of the gambling sites.


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Fundamentals Of
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February 23, 2024, 03:35:51 AM
 #72

Not all games are played against other players. If you are playing poker at a casino, then you are playing against other players and the casino doesn't release money every time somebody wins. They will instead make money in every game.

But if you are playing slots for example, you are not playing against other gamblers. You are playing against the casino. Of course they have an advantage because they have the house edge but you could also be lucky and win, even the jackpot. In that case the casino itself will release money for you.
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February 23, 2024, 03:54:42 AM
 #73

If I am not mistaken, there are some casinos that also losses but only for a brief amount of time because the casino only profits in long term and they will not going to lose as long as they have hump amount of bankroll they will not lose. Technically, the gambling sites are business sites and they will not open up a business if it is a 50/50 risk, they are not gamblers but rather businessman. Though we can see a lot of people that is winning a big amount but you won't realize how much is the profit of the gambling sites.
They didn't really lose then at the bigger picture because they still are able to get the money back from the other gamblers that are constantly losing their money in their casinos, it's like there's 1 winner but there's still about thousands of people that are losing their money on a given day anyway so whatever the casino loses from that 1 winner, they're probably getting it back quickly so they don't mind. You've said it yourself already, they won't go in if they know that they're not going to be profiting much from it, I think that there's only two time that a casino can be considered losing more than their gamblers and that is when the casino's frequented by cheaters or card counters and the casino doesn't do anything about them in any way and the second one is when they go bankrupt and they end up closing shop, it's a win for gamblers because no one can take their money away for awhile now because the casino has closed.



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Rainbot
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February 23, 2024, 04:43:19 AM
 #74

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 him BTC from your money.

Most casino aren't losing as we have more gamblers losing than those that are winning therefore the casino will always be in profits. Some days they don't have to touch their reserved to pay out the wins for the day as they have many gamblers using their casino but when they start to get less customers coming to gamble on their casino and those active gamblers playing are winning they'll be the one losing which is the reason behind casino spending money in advertising to bring in customers.

If a casino doesn't have customers they'll have to stop operating unless they'll be operating at a loss as they'll also have to pay their workers, maintain the machine if it's a physical casino and if it's an online casino they'll also need to spend on maintaining the sites too therefore a casino need more players losing than they're winning for them to be in profits. Gamblers don't have an advantage than casinos.

R


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February 23, 2024, 05:01:21 AM
 #75

Yes, casinos usually comes out on top in the end. They always make money because casinos have an edge which ensures that they will profit in the long run. Even if sometimes, some players win big, the casino still makes money because there are lots of other players who plays in their platform.
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February 23, 2024, 06:08:09 AM
 #76

In general, it's always the casinos who win over the gamblers. I think it's not a question of who wins more between gamblers and casinos because it's obvious. If the gamblers actually win more, then casinos wouldn't have survived.

In reality casinos are getting bigger and bigger. They're growing in numbers. More tables and games are added. Casino resorts have become more and more amazing and expensive. The gambling industry has grown into hundreds of billions. It has now thrived offline and online.

Although there may be a handful of gamblers who won more against casinos, the rest are all contributing to the casinos' revenue.

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February 23, 2024, 06:39:59 AM
 #77

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?
Casinos is always going to come out a winner in the end. They gotta pay for all the freebies they give everyone, all the employees, the utilities etc. A big winner isn't uncommon, but for every winner there are 1000 losers.

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February 23, 2024, 06:49:43 AM
 #78

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 never loses, not in the sense that the house always wins but because they were able to fully maximize their marketing strategy and lure more users to their platform. Even if the house always wins but marketing is poor, the casino won't reach more audience to try the platform. Gamblers playing at the casino can considered consumers in the market industry. They are the primary source of income of the casino platform and without them, the casino won't be able to operate fully at their best.

Don't also just look at the casino remains the biggest beneficiary because the larger the casino, the more it needs manpower. The gambling industry is one of the industries that provides more jobs for the people especially land-based casinos.

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February 23, 2024, 07:36:03 AM
 #79

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 never loses, not in the sense that the house always wins but because they were able to fully maximize their marketing strategy and lure more users to their platform. Even if the house always wins but marketing is poor, the casino won't reach more audience to try the platform. Gamblers playing at the casino can considered consumers in the market industry. They are the primary source of income of the casino platform and without them, the casino won't be able to operate fully at their best.

Don't also just look at the casino remains the biggest beneficiary because the larger the casino, the more it needs manpower. The gambling industry is one of the industries that provides more jobs for the people especially land-based casinos.

That's why they love to build a business like this since they can assure to get profit from the gamblers who play at their casino and the thing they need to do is to build a reputation and market their selves so that they can get a lot of players to gamble on their casino. But it doesn't mean the casino will always win that means the players will automatically lose. It will always depends on how the gambler take  responsibilities on the action they have done since if they are responsible enough to know what is excessive for them for sure they will not suffer those heavy losses and possibly they can outsmart those casino then take those good wins.

If they are gambler maybe they should erase the thinking where the casino will always win but rather they should focus on their game since if they entertain the other thoughts in mind then maybe they might get disappointed and think about that they had been cheated.

R


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February 23, 2024, 07:41:16 AM
 #80

The casino can pay $1 Million winnings to the gambler, but people didn't know the casino already make $10 Million profit from the gambler's loss. Don't underestimate every $10 you lose for gambling, if there are 1K people like you, the casino already make $10K gross profit.

So it's the casino that winnings more, that's why bankroll investment is more make sense to make money than gambling.

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