Between the gambler and the casino who lose more

[Die_empty]

Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more.

A well-managed casino should be able to have maximum win limits that ensure that there will never an unexpected big wins that will make them go bankrupt.

Having a daily withdrawal limit could be another means of protecting the casino from going down. The casino will be able to raise funds through losses by gamblers to gradually pay big winners based on the daily withdrawal limit.

I have also read about some insurance policies for casino operators. Some casinos can also protect themselves against bankruptcy by taking insurance policies that could cover big wins.

Just like any other business, a casino that has a good financial plan and a good management system will always have an edge over gamblers. Casinos can be able to organize their business to ensure that they don't experience losses, but gamblers don't have such a privilege. So I would have to conclude that gamblers lose more.

[EluguHcman]

For sure the gamblers looses more due to the chances of winning is always low while loosing are higher. You can always follow the news or probably visit the physical gambling shops and see how much game slips which has been lost floods over the premises per days.
That literally a contention to say there gamblers looses more than the bookmakers or casinos.

While considering the Luckiness of winning, anything can happen which probably a winning can shut down a casino that has not been financially equipped to pay gamblers despite how huge the winning amount would be  that is why casino too need to be financially equipped in case the game turns around to redeem gamblers rewards of winning.

Obviously inability of the casinos to put these fact in place earlier on wre most cases while some casinos shuts down are a course of not being able to pay gamblers when they have win possible huge amount that the casinos never expected to happen.

[Dewi Aries]

Honestly, I never knew about what algorithm is applied in the game system provided by the casino, but what is certain is that I think that from the beginning the casino must have thought about this problem, in the sense of thinking about the possibility of gamblers who managed to get a very big win, especially when the casino was just opened, meaning I am sure that from the beginning the casino had arranged everything in such a way that they remained superior, such as limiting the amount of big wins that were worthy of gamblers in each game provided.

But yes, I also do not say that the casino will avoid the possibility of bankruptcy, it is always possible, but what is certain is that I think it is not caused by the victory achieved by the gamblers, but because they usually mismanage their finances. What I know about casinos is that they give victory to 10 people, for example, but on the other hand they also take advantage of 100 gamblers who lose, this is the reason why some lose and some win at the same time, and this is also the reason why casinos always excel and survive.

[_act_]

If i could recall correctly this topic or something similar to this has been discussed over here before but that notwithstanding, usually casino owner do have reserved fund to operate the platform for the first 2 to 6 months of their launched before they could start raising money from the casino.

Advertisement is very important. The casino will spend money on advertisement for that period of time also. So that more people can know about their site and gamble with them. But as people are joining already, the casino will start to make money. With better advertisement, the casino would have been making money before 6 months. Aside advertisement, paying workers, server maintenance and the likes, there is no money to pay gamblers because the gamblers that will lose will be more than the gamblers that would win. They will use the money they receive from gamblers to pay other gamblers right from the beginning, except in very almost impossible cases.

[AliMan]

Gambler loses more compared with the casino house, because they spend more effort and time to beat the system. Often times the system cannot be undertaken since it's monitored closely by admins of the house. This kind of business always took opportunity to bring profit at their end, and users always ended up a loser. Even if you win, but eventually in the long run you're still be losing what you have.

[Adbitco]

If i could recall correctly this topic or something similar to this has been discussed over here before but that notwithstanding, usually casino owner do have reserved fund to operate the platform for the first 2 to 6 months of their launched before they could start raising money from the casino.

Advertisement is very important. The casino will spend money on advertisement for that period of time also. So that more people can know about their site and gamble with them. But as people are joining already, the casino will start to make money. With better advertisement, the casino would have been making money before 6 months. Aside advertisement, paying workers, server maintenance and the likes, there is no money to pay gamblers because the gamblers that will lose will be more than the gamblers that would win. They will use the money they receive from gamblers to pay other gamblers right from the beginning, except in very almost impossible cases.

Yes that was I said most of them do have reserved fund to pay for those expenses, and of course every casino or gambling site do need advertisement to make their casino be visible to forum or to entire media, with advertisement it attracts more gamblers and more money keeps flowing in their system but when they sees that there aren't making enough profits as expected they don't mind ceasing their promotions that is why we see some project run their adverts for only one week or two weeks over here in the forum.

[nakamura12]

Most casinos doesn't lose more compared to gamblers. As others have explained, casinos losing money is rare that's why many casinos earn more instead of lose more than the gamblers lose. Because of that, casinos even run their advertisements for years to attract more and more gamblers then the more they attract then the more they earn. Casinos have reserves to pay if someone is very lucky to win huge amount of money and if it did not reach then they'll pay the user little by little or due to the maximum withdrawal limit.

[Wexnident]

~

That's why capital is such an important thing. Idk about other types of businesses but a casino is NOT an immediate profit type of business. It relies on users staying and playing on the long run, profiting off of house edge for every bet. Yes, you can stay an example where a player suddenly won a big amount the day a casino opened, but it's easily counter-able by just having enough capital to support the business and from that, the casino just continues to grow its funds more and more.

If we were to compare just the raw amount, naturally casino loses more than your average user. At the same time though their losses are offset by the amount they earn, so if you also take that into account the naturally the players lose more.

[LDL]

Only those who participate can say which of the two platforms, gambling and casino, has more losses, but I bet on gambling Sportsbetting, so I have both the possibility of loss and profit. If I can say from my point of view, I must say that gambling is where I lose the most.  But I don't have much losing experience in casinos because I don't favor casinos. However, be it gambling or casino, there will always be a possibility of loss because the gambling or casino authorities arrange their sites in such a way that there will be combinations of profit and loss.

[Darker45]

If we talk about the rule rather than the exemption, then it isn't even a question. The casino always wins. The more gamblers who want to try their luck the better. While there may be instances in which individual gamblers are making money, generally speaking, it is always the casino that's earning big money from their players. Otherwise-- if casinos lose more-- then there shouldn't have been any casino left running today. On the contrary, casinos are multiplying both land-based and online. It's good business.

Overall, you cannot expect luck to overcome house edge.

[Franctoshi]

I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself?

Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more.

The only time I would think that the Casino platform would face a challenge, and possibly running out of cash to settle its customers payments would be a situation whereby the Casino platform experiences a big cash out on their lunch day, because then they haven't gained a lot of customers who are patronizing them as at the moment, so mostly likely the funds they will be paying out to their customers on the event of customers who won bets will be out of their pockets.

[Pandu Geddon]

Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more.

greater risk of loss to the gambler. I don't know the way but in casino games, we know the chances of winning the gambler I think are not big enough in certain games. but some possibilities of gamblers winning big at the beginning when they try a new casino are also possible. but the situation also depends on how many gamblers play at the casino. if the casino does not have enough money that they use to pay the maximum winnings obtained, it is clear that it will only make the casino bankrupt even though it has just started. or at least have financial problems. but for new casinos that are more prepared with all the arrangements, including getting more gamblers at the beginning of their work. it can help them survive longer.

[ralle14]

Between those two, it's always us gamblers who'll have to lose more because we mostly rely on luck, and it's never enough to put casinos in danger when they can get those losses back in no time.

I also agree with the others, casinos nowadays even in the early phase have become strict with the limits (bonuses, max win, max bet, withdrawals), and most of them probably adapted from the previous mistakes of other casinos.

If it was several years back when casino bankroll was still the trend maybe i'd change my pick to casinos, as I remember the bankroll investors were getting hit from one casino to another.

[klidex]

I think gamblers are the ones who are at greater risk of losing because their losses will be wins for others and will continue to be so, the more players playing in casinos will be more profitable for casino owners because they don't need to prepare a lot of money for someone's win. The percentage of wins and losses is more losses and casino owners still get a lot of profit from users who play gambling, but I also can't deny that there are also casinos that go bankrupt because they don't have enough funds to pay the winnings of people who dare to take the risk of betting big with a big chance of winning but things like this rarely happen as far as I know gambling houses always benefit from their business.

[Accardo]

but I also can't deny that there are also casinos that go bankrupt because they don't have enough funds to pay the winnings of people who dare to take the risk of betting big with a big chance of winning but things like this rarely happen as far as I know gambling houses always benefit from their business.

There are many roads to bankruptcy but I'd say it's a lack of competent management for a casino to file for bankruptcy. The market is large enough to accommodate a long-lasting business era for any established casino. I hear more of offline casino settings suffering bankruptcy. The expense of running a casino isn't a play. Only real management keeps casinos running for decades without a financial meltdown.

However, the success of a casino simply means the financial downfall of many gamblers. The question is, should gamblers win more and watch casinos go bankrupt? We'd lose our source of fun at the gaming level if that happens. In a nutshell, the money lost in gambling is for the game to go on.

[danherbias07]

Those big wins are also planted. They need to do that so that more people will believe that jackpots can be achieved. If they don't then there will be a lot of customers that will be walking out and trying to find a new gambling site that would offer those kinds of prizes.

Do you believe that the online casino will lose after giving up that kind of amount? No. With the vast numbers of gamblers out there, they could easily win it back by using the house edge and also that winner will not just stop at one win. He would think he is lucky and try to gamble a part of that winnings.

At the end of the day, the gamblers will always be the losers except if you walk out after a win. The online casino business would not continue if it didn't see any profits. We lose more, and the percentage of winners is low. How many stories of winners have you heard? Very rare.

[Litzki1990]

Gambling is always risky be it sports betting or casino related. No matter where you gamble you lose all the money if the outcome goes against you. So first we need to be sure which subject we are more skilled at. 

Gambling is not entirely about luck, here the right gambling strategy, skill and experience can make a huge difference in winning or losing. I have played all types of gambling before but from this experience the most acceptable gambling strategy for me is sports betting. Usually, if you want to gamble with this strategy, you first need to have a good understanding of the sport and have an understanding of the different teams. If we can determine the strong opponent and the weak opponent, then the result of the match will be more likely to be in our favor. 
What I always say is that gamblers should consider a big team first and watch out for when a smaller team is playing against that big team and bet on the big team with that in mind. Hopefully gamblers will win more than lose money if they gamble with this strategy.

[Lida93]

I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself?

Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more.

Casinos in my very opinion seem to risk little or nothing apart from the start up phase where they perhaps got hit by bad lick where a gambler had to win some huge cash. Growing above that phase the risk to lose now becomes that of the gamblers alone to bear because it's the losses of other gamblers that are now been used to pay those that win, and as we all know in gambling the number of losers are usually greater than the lucky winners.

In any case, a few of those huge wins that are said to be-fall newly start-up casinos could be self orchestrated just to attract the attention of customers to their platform... It's all a part of the advertising strategies in the industry.

[Poker Player]

Casinos that are semi new and have a smallish bankroll have been implementing the max cashout per week rule to their customers so they don't go bankrupt in the 1st week and partially to hope that some of those players lose a little back to them while waiting to do their cashouts.

Most times the casinos are going to come out on top because smaller casinos also have higher house edges set on most games, but there is the rare occasion where someone makes a deposit and goes on a run.

Back in the old days casinos used kelly criterion and made the max win 1/100th of the casinos bankroll virtually making it impossible for them to go broke. Not possible when a site offers 3rd party slots I don't think, but I could be wrong. Not sure if they can set a max bet on 3rd party slots.

Of course. Seems like the OP doesn't have much of a clue about how casinos and risk management in general work. If a casino starts what they have to put is a betting limit on their bankroll, lest a whale like Drake comes along and gets lucky that night and busts them. That in any sensible business plan has to be foreseen, and as the business is working, they reinvest at least part of the profits in their bankroll so that they can accept higher stakes.

[KiaKia]

The chance of gamblers winning against the casino is very small, any casino business should be good from the scratch because more money will flow into the casino pocket than the gamblers pocket, it is nothing to worry about.

Let's pretend that a gambler won big amount of money and the casino is just starting the business out, all they have to do is make a deal with the gambler, the casino will start paying the gambler some percentage every day until the whole amount is paid into the gamblers bank account, I have seen online casinos do this before.

If the casino cares about it's future and reputation they have to pay the winner and keep their business alive as well,  the chances that a casino will run out of luck is very slim, because every 24 hours a day there will always be customers willing and hoping to hit a jackpot and spend them on yacht and luxury life, they always keep coming to try their lucks.