Between the gambler and the casino who lose more

[shield132]

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.

If you mean a startup casino, then they need a high budget to stay in business and profit because, with a short budget, they are in a dangerous zone. They need to adjust the maximum winning to their budget. They need to mathematically consider every risk and have always plan B to overcome any challenges that they'll face. Once a startup casino becomes a well-established business on the market, then their business will be safe. I can guarantee you that on a long-term basis, the casino wins because every game has higher than 0% house edge, which mathematically, in case of 1% house edge that's popular in crypto casinos, means that casino has 51% of win while the user has 49% chance of winning. Long-term, this is a guaranteed win.

[Issa56]

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,

You can’t start a business, and you will be expecting profits instantly, so if any casino launches newly and gambler’s winning big instantly, they don’t have choice but to pay those people that win, and they will be at a loss, but gradually they will be able to recover their loss back, and they will be in profit, because we know gamblers are always losing more than how they win, so casino are always in profits, just that some might just take a little bit of time.

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?

If casinos are not always benefiting, most of them will have closed down, they are running a business, and if it’s not in their favor, they don’t have  choice but to close down. So you should know that casino houses are not always at a loss.

[GigaBit]

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 house edge is not a big deal when it comes to gamblers winning big, especially if a casino has to pay out big rewards on the first day. The house edge means very little to a casino, but the house edge offers a huge income opportunity for casino companies where a large number of gamblers are gambling. As far as I know in gambling the casino has no loss. In a casino gambling platform, the games are arranged in such a way that if one gambler wins, the others will lose. Casinos don't gamble with their own money. Although initially a casino must have adequate money supply so that if a gambler gets a big win it has to be paid out quickly otherwise their reputation will be questionable. Of course the casino never loses. If it is happen that is temporarily. Casinos must be profitable in the long run.

[stomachgrowls]

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.

Obviously we could really be able to see that gambling casinos are really that increasing their numbers as years passing by on which this do simply means that this business is really that profitable.
It would really be that just that normal that there would really be gamblers who would really be able to take or make some huge win on which this would really be a disadvantage of gambling or casino business.
Actually we do know that there's no such thing about risks free if we do speak about running a business on which it would really be that understandable that these are the conditions on which it would really
be that making these businesses to be that on verge of bankruptcy specially if the winnings arent been able to control. This is why they would really be able to set max bets for max wins as
part of their risks management too.

In the long run then we do know that HE would really be giving out that advantage and this is what makes this business would really be sustainable or what makes them able to long run even further.
This is why its not really that shocking that this business is really that profitable in the long run but of course it would really be depending on how many gamblers are really that playing on the
platform. So it would really vary on different factors.

[hedgeh0g]

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.

In a casino, you need to take into account many risks, otherwise we will fail. For example, you need to have a huge amount of money even at the very beginning to cover the costs of advertising, welcome bonuses and other things. At first, you need to invest money in the business so that over time the business begins to give this money back to us. However, today there are too many casinos and the competition here is very high, so I would not build a business on this today, but would look for more promising niches that are not yet fully occupied. Of course, you can try to do this, but before that you need to answer the question of how we will compete with huge casinos, because they have already made a name for themselves, and we have not. Probably, you need to offer players something new, something that others do not have.

[Frankolala]

A new casino would already have funds available for their customers who wins if not it shows that they are not serious and don't want to build their reputation or gamblers will see them as scam. Funds is one of the major requirements any casino needs to grow at the beginning.

That is it, as a start up capital there is a need to have a reburse of amount of money available to payout winning before the operation of the casino kick off, between no matter what the amount of available capital is, there is still tendency that a gambler may win some or whole of such an amount, let say if multiple player's win huge amount on they first stake, but also we have to know that we are in a time where every business comes with it own high risk so it is important for the cryptocurrency casino team to have a system on ground that can take care of that particular possible occurrence.

Because when gambler's win and their are not able to pay out because of the amount, it is important that there is alternative for to out whatever amount that comes from bets on that casino as well, unless if the team just decided to be scam

I think that any casino that cannot pay their customer his win because it is a big amount and have insufficient funds due to starting up newly can limit their withdrawal amount and pay the winner his funds in segments daily so that they can have funds from other gamblers who is using the casino daily. However, casinos have already done the game manipulation on their software that will always make them have profit daily.

Just the way a gambler wins big, that is how a lot of gamblers will lose big amounts of money on that they so paying whoever wins big is not a problem to them, only if they choose not to. Casino is a very lucrative business these days.

[Blitzboy]

The casino serves purposes beyond only entertainment value and games. It is business. At that, a really excellent one. Their business is winning; they are not in the business of losing money. They exploit all of that to their advantage as they know human psychology, how to control risk, and so forth. Thats wise business; essentially, everyone can learn from it.

The gambler today tells another tale. Too frequently, they become absorbed in the moment, running after that elusive win. They lose view of the long-term prospects and the whole picture. They must back off, use critical thinking, and probe some difficult issues inside themselves. Why am I trying this? My actual winning chances are what? Above all, am I in control?

[naira]

Even until now the most disturbing perception in my mind is that they run a casino business that aims to seek as much profit as possible from games that can be controlled from within and make gamblers lose, especially in luckbased games where the system can be manipulated by them and then provide a few percent for gamblers who are given victory. Whether it is true or not until now the main method of running an online casino business that is first available is slot games, they usually have not launched sports betting because they have not collected money in their vaults.

[coin-investor]

In general, the house always wins, and in some instances, if the gambler wins a tremendous amount of money to the point that the house cannot pay the winner, the casino can make an arrangement to pay the gambler on an instalment basis so the casino's funds will not be depleted.

It would be good if the casino did this; there are some instances where the casino will create a fake accusation so he can justify not paying the winner or, worse, run away to avoid paying the large amount of winnings.

This is one of the exceptions, it's better not to think of beating the house, or you will regret it; people who lose a lot of money and become addicted are people who challenge themselves to beat the casino nd end up paying the price.

[panjul07]

In the long run, gamblers are the one who lose more because casino is a business that generate profit due to the house edge consistently.
Casino may experience losses but as long as the bankroll is good enough and the gamblers keep coming then casino will get it back eventually.
Of course it is also not a guarantee for anyone that casino will always give profit because business is still a business that should be managed wisely and professionally.
Without good plan and management, a casino may get bankrupted because of big wins by players in the early days of maybe due to some unexpected things such as hacker or system abuse.

[Rampagoe004]

I believe that if 100 gamblers stake their bet maybe 5 of them might win and their profit depends on the amount that they used in staking. Casinos are always in profit and gamblers are always at loss because in gambling you lose more than you win which I believe all gamblers have experienced this only few lucky ones who were able to win huge and quieted gambling. If most casinos are losing they would have packed up by now.

I agree with you. If casinos were losing more then no one would open casinos and most casinos would be closed by now. Provably fair casinos also have mechanisms in place that will allow them to make a profit. This is a business, not a charity. So there is no way a casino would lose money by giving away a lot of money to gamblers. The odds of hitting a jackpot are very small. And people winning games and making more money than they spent are a risk to the casino owner, just like any other business.

[erep]

Even until now the most disturbing perception in my mind is that they run a casino business that aims to seek as much profit as possible from games that can be controlled from within and make gamblers lose, especially in luckbased games where the system can be manipulated by them and then provide a few percent for gamblers who are given victory. Whether it is true or not until now the main method of running an online casino business that is first available is slot games, they usually have not launched sports betting because they have not collected money in their vaults.

Many gamblers think like your statement above, maybe they tell their experiences from betting activities at new casinos that manipulate games to increase team income, new casinos will not provide many sports bets or other bets that depend on real game results, they launch many system games that can be set to beat gamblers, so we must be selective in choosing a top casino to gamble and avoid gambling at new casinos that do not have a reputation and trust from real gambler feedback.

I have never been interested in new casinos even though they offer many welcome bonuses and other bonuses, they just want you to register your account and you have to deposit funds for the terms of withdrawing the bonus that the casino has given.

[rahmad2nd]

~~
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.

Honestly, i don't have a definite answer. i will speak simply, according to my knowledge. if i am wrong, please understand. based on several articles that i have read, usually casino businessmen are required to have healthy financial logistics. not only for those who win gambling or someone who wins a big jackpot, but for other operational costs. that's why, usually they have investors who can fund everything for the casino itself. moreover, as far as i know and experience, the risk of losing is much greater than the winning ratio that we can get in each gambling session. so, usually most gamblers lose. as for someone who gets a jackpot with a large nominal from gambling, whatever the type. i'm not sure they will go bankrupt immediately, if they don't take the scale into account. so with the system, they have a way to manage the casino and the percentage of expenses and income.

[Beparanf]

Provably fair casinos also have mechanisms in place that will allow them to make a profit. This is a business, not a charity. So there is no way a casino would lose money by giving away a lot of money to gamblers. The odds of hitting a jackpot are very small. And people winning games and making more money than they spent are a risk to the casino owner, just like any other business.

Provably fair method of the casino doesn’t contain mechanism that allows them to win. In fact it helps players to assure that game is fair not one-sided game for the casino. Provably fair system was designed to make the game trust less since every game result can be verified in the blockchain.

The house edge and human error are the factors that makes casino surely win in the long run. Also casino has a huge bankroll while players has limited bankroll that makes them easily bust by the casino in the long run due to the factors I mention above.

[adultcrypto]

If casinos lose more than the gamblers, there will hardly be any casino in operation because no one go into a business to lose money. Some times casinos may lose money but they generally at advantage that makes them come out profitable on the long run. So gamblers lose more but some gamblers have been able to improve their gambling to make more profitable for them. When I say gamblers losing more, I mean the number of gamblers that loses money are higher which makes the casinos come out profitable.

[hahay]

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 risk of losing is certainly greater for bettors, regardless of some casinos that may lose or there may be reasons for closing the casino itself. Because even though there are casinos that lose, but in reality only a small part and on the other hand they still have good profits too. After all, each  platform also has at least a limit on the money that can be bet and thus, rich bettors who can bet with a lot of money certainly cannot arbitrarily bet with large amounts of money, because there is also a maximum bet.

Because with the maximum limit on the money that can be bet like that, of course it will make the casino also remain in good control. So, even though there are those who win big, the casino has its own calculations so that when a gambler wins big, the casino will still pay it and the casino will not lose or go bankrupt. Thus, their situation will be fine, because the ones who receive more risk of losing are the bettors and not the casino.

[Sandra_hakeem]

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?

it depends on the type of casino and games You're referring to... This looks to me as though you were really focused on crypto casinos as you made mention of in the context.. To the best of my knowledge, bookies are susceptible to making more profits than a gambler, even after paying atleast 95% RTPs and leveraging on just 5% house edge.

If casinos lose more than the gamblers, there will hardly be any casino in operation because no one go into a business to lose money. Some times casinos may lose money but they generally at advantage that makes them come out profitable on the long run. So gamblers lose more but some gamblers have been able to improve their gambling to make more profitable for them. When I say gamblers losing more, I mean the number of gamblers that loses money are higher which makes the casinos come out profitable.

It's actually an inverse proportion and operation... The book makers will set an algorithm in a way that the casinos will only lose once in every 30 or 40 rounds, putting the gamblers on a defensive end... This whole statistical evaluation is what every casino uses. No one would do a business that doesn't yield anything at the end   

[YOSHIE]

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.

If I'm not mistaken, I've read in magazines about the profits of the gambling industry per year, some of the gambling sites I've read about, they can make big profits every year, meaning that the average casino has a profit in running a gambling business.

Meaning: in the gambling industry which has profits, namely casino owners, gamblers are not as lucky as casinos, although there are some who win, but they lose more than they win.
I rate the ratio of gamblers with a win of 5/1: win once and lose 4X, this means the casino is superior to the gambler.

Logically, you can see, gamblers and casino owners, which one is the richest, of course the casino owner, like GRANDPA ZEUS. I have seen a few gamblers who have won from gambling.

[Sandra_hakeem]

I can guarantee you that on a long-term basis, the casino wins because every game has higher than 0% house edge, which mathematically, in case of 1% house edge that's popular in crypto casinos, means that casino has 51% of win while the user has 49% chance of winning.

Mhan, where did you get this information from? There's never even a time the house edge has been as low as 1%, thereby giving the gamblers a leverage that big... 49% chances of securing a win will wreck the casino in  time.

If I'm not mistaken, I've read in magazines about the profits of the gambling industry per year, some of the gambling sites I've read about, they can make big profits every year, meaning that the average casino has a profit in running a gambling business.

Gambling is actually a profitable business, but the risk and selfless act, all in a bid to convince a user and incur much traffic is the most difficult part of... Signature campaigns, celebrity ads, bonuses, free spins, etc....

Logically, you can see, gamblers and casino owners, which one is the richest, of course the casino owner, like GRANDPA ZEUS. I have seen a few gamblers who have won from gambling.

In a lower language; is you're winning too much, remember that someone else is losing!

[aioc]

If we consider the number, gamblers are losing their money fast than casinos folding, I seldom see casinos closing their shop because of their losses, but every day we hear and are sure of gamblers who lose their money from gambling,
The house always wins, and it's very true; running a casino is one of the most profitable businesses. If you can market your casino properly and build a community of returning players, then profit is guaranteed.