Would the gambling industry survive if people only played for fun only?

[Sanitough]

Let me explain the thread title. I know a lot of us here would say we should be gambling for fun, but in reality most people don’t gamble just for fun, they do it mainly for profit. Even if they lose, they keep coming back because they hope to eventually become profitable in gambling.

But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?

Will we still see it growing or will the industry shrink?

[AmoreJaz]

How can a certain industry grow if there's no money involved? Industry's growth is measured in financial terms. So for me, that consideration alone would give you an idea if it will survive or not. Without real money involved, I don't think it will head to a positive direction. People may play from time to time, but would be a very difficult challenge for it to go on the next level.

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But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?

Will we still see it growing or will the industry shrink?

Do you really think people will stop aiming for profit? People have the innate behavior of finding profits at any activity they do, it many not be in monetary gain, but in other forms such as for food, living and others as long as he can benefit from it. So for me, gambling only for fun alone won't make the industry survive.

[Asiska02]

But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?

Will we still see it growing or will the industry shrink?

The industry will continue to grow and not shrink. But if people gamble for fun and not for money, the industry will experience a significant decrease in their growth level but it won’t stop them from progressing. Gambling is already designed to be a profitable business, so there is not way you can beat them no matter how smart you want to play.

Playing for fun doesn’t mean you’ll be profitable always, it just means you’re not expecting a big win and you’re okay with any outcome of the game, either a win or a loss is okay by you. Gambling is a game of luck, and the chances of losing is often higher than the chances of winning irrespective of the approach you came into gambling with.

[DPHOR]

Already as we know most of the gambling site do have real play and fun play; at this point you may decide to choose the one you would like for before it changes your thinking. Gambling as usual people do say is that gambling is not a place for quick profiting but they may gamble just to pass time, for passing time you may decide to use fun play, while if you are going for the real play then you need to be that economically while finding your account and this is where most people do get it wrong.

[Distinctin]

Know that poor and rich gamblers have different levels of entertainment. The poor gamblers may be easily entertained with just small bets, but for rich and high rollers, they don’t get satisfied with minimal bets but they go on betting for larger funds and that means higher satisfaction for them.

So what I’m trying to point out here, the gambling industry will still be able to survive as long as there are regular gamblers that will play consistently. However, the growth will be quite delayed but that does not mean that their business will end up shrinking.

[HelliumZ]

Let me explain the thread title. I know a lot of us here would say we should be gambling for fun, but in reality most people don’t gamble just for fun, they do it mainly for profit. Even if they lose, they keep coming back because they hope to eventually become profitable in gambling.

But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?

Will we still see it growing or will the industry shrink?

People basically say that gambling is done for fun, but if you analyze it in reality, 95 percent of people participate in gambling mainly for profit. If gambling is just for fun, most people will lose interest in gambling after a while, but if there is money involved, people will definitely show interest in gambling. If it is just for fun, participation will decrease and even gambling establishments will be forced to close their operations because if they do not make a profit, they will not be able to continue their business. And the main target of a business is to make a profit and if they fail to do that, how will gambling establishments continue their operations?

[Perfectbaby]

Gambling has been in existence for centuries now if I am not mistaken like but when this era and digital age today has made and modernized things in a way that is very easier for us to understand and communicate with each others,  the gambling industry would never cease why because the percentage of gamblers today are exponentially higher every day and we can't control them because they also have choice of their own to control the whole situation.

[Stepstowealth]

Will we still see it growing or will the industry shrink?

There will still be a lot of persons who would want to play for fun, and the casino or gambling platform will still be in a lot of profits considering that there are industries who are thriving and making profits from the fun that people hope to seek and get. The irresponsible gamblers are not just gamblers who are playing for the purpose of making money, there are also gamblers who are playing for fun but are irresponsible enough that any casino they play on makes a lot of money from them because they refuse to learn some simple lesson like not chasing losses.

[kawetsriyanto]

I know a lot of us here would say we should be gambling for fun, but in reality most people don’t gamble just for fun, they do it mainly for profit.

People have their own right to gamble for fun or for money. There is no pressure to gamble for a specific purpose. So, basically we can't generalize it, we also don't have certain data whether most people really gamble for fun. If you refer to the statement of most forum members, it doesn't reflect the real number of gamblers in all casinos. There are many gamblers who are never involved in the discussion in this forum.

But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?

IMO, even people gamble for fun, they also expect to win the prizes (money). There is no gamble who never expect to gain money, whether gambling for fun or solely for money. The difference is gambling for fun doesn't only focus on earning money but also enjoys the process. Meanwhile people who gamble solely for money, they don't care with another thing.

Will we still see it growing or will the industry shrink?

As long as many people are involved in gambling, there is no way of the possibility of "the industry shrink".


*I assume many people misunderstand about the term of "gambling for fun". 

[Darker45]

It will shrink, certainly.

To be fair, however, playing for profit and playing for fun aren't mutually exclusive. You can play for profit while having fun. That's basically the rule in gambling. The excitement or the desire to win, to make money, is always there. You can't brush it off even if you're enjoying every deal or roll or whatever.

In my country's context, however, it seems the majority are only after the money. They're not necessarily having fun. They're just crossing their fingers that gambling would give them the abracadabra to a prosperous life.

[GreatArkansas]

But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?

It will still, as long as there's people gambling, the industry will continue to exist.
Just think about how alcohol, like you drink alcohol for fun, or for addiction, or for your personal health gain?

It will stay as it has survived for decades. Even for a different purpose. Think of the people who don't need money, but they only need leisure time, for example, for those people who are tired from work and want to relieve stress, some use gambling to relieve themselves.

[alegotardo]

Let me explain the thread title. I know a lot of us here would say we should be gambling for fun, but in reality most people don’t gamble just for fun, they do it mainly for profit. Even if they lose, they keep coming back because they hope to eventually become profitable in gambling.

But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?

Will we still see it growing or will the industry shrink?

Of course!!!

In my opinion is that the gambling sector could even change and regress significantly in terms of the number of casinos, but it certainly wont cease to exist. Entertainment alone is already capable of sustaining several billion-dollar industries, such as video games, movies, sports etc.... Why wouldn't the same be possible with gambling?

They would certainly have to "reinvent" themselves to reinforce the social and playful side of the betting experience (more tournaments, symbolic rewards, rankings, and competitive modes between players)... the financial gain would no longer make sense, so something new would have to replace it.

Anyway... there's no denying that betting volume would drop significantly and that many casinos would disappear, but the sector would survive.

[qwertyup23]

Of course it will survive! Imagine if people would play gambling as a hobby or for entertainment, there will still be a constant influx of players visiting physical casinos and playing on online gambling platforms.

Regardless of the purpose, whether for profit or entertainment, gambling companies will survive due to its very nature where everything revolves around risk. Given the presence of house-edge that gives gambling casinos a slight advantage, statistically, they will have the upper-hand in long-term games.

How can a certain industry grow if there's no money involved? Industry's growth is measured in financial terms. So for me, that consideration alone would give you an idea if it will survive or not. Without real money involved, I don't think it will head to a positive direction. People may play from time to time, but would be a very difficult challenge for it to go on the next level.

You bring up a good point. However, I do think that regardless of the purpose, gambling will survive. The question is, will it be as profitable compared? Probably not but it will survive where a dedicated population would constantly play on a specific gambling website or platform.

[Fivestar4everMVP]

Let me explain the thread title. I know a lot of us here would say we should be gambling for fun, but in reality most people don’t gamble just for fun, they do it mainly for profit. Even if they lose, they keep coming back because they hope to eventually become profitable in gambling.

But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?

Will we still see it growing or will the industry shrink?

If everyone or every gambler out there will quit gambling for money of profit and start gambling for fun, well, there is no doubt that the gambling industry will shrink because alot of gamblers will stop spending as much as they used to on gambling, many will also significantly reduce the frequency with which they've been gambling in previous times because gambling is no longer one of the persons means of making money because alot of people are all after making money and nothing more.
And lastly, alot of people will quit gambling totally because the only excitement they get from gambling is when they win and make some profit on the money they staked on the game.

So indeed, the industry will surely experience a major shrink but this is create a better and healthier gambling industry as alot of unserious casinos will have no choice but to close down, most especially those casinos built with the intention of using it to scam gamblers.

[junder]

Let me explain the thread title. I know a lot of us here would say we should be gambling for fun, but in reality most people don’t gamble just for fun, they do it mainly for profit. Even if they lose, they keep coming back because they hope to eventually become profitable in gambling.

But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?

Will we still see it growing or will the industry shrink?

I think they can still survive, but not all casinos. Just because they're just playing for fun doesn't mean they'll win every bet, right? So, there's still a profit to be made, but it might not be as large or as quick.
But if this continues, many casinos will likely close their doors and end their operations, and only a few will survive.

But the reality is, new casinos are constantly popping up.

[freedomgo]

Of course there would be a huge effect, and very negative. Even if we say we gamble for fun, deep inside we all want to win. The reason we get hooked is not really because it’s fun, but because we keep challenging ourselves and hoping to find a strategy that could beat the house which is impossible.

So if people lose that profit purpose in gambling, they will also lose interest.

The industry might still survive, but it won’t be as big as it is today.

[Maslate]

But the reality is, new casinos are constantly popping up.

Because the situation pointed out by OP hasn’t happened and will never happen in the future, it’s just a hypothetical question. and the obvious answer is yes, the industry will shrink. Gambling is only fun because of the money reward. if we’re not tempted by the chance of winning, then it’s like gambling for nothing. It’s the reward that gives the thrill, and without that thrill, gambling is not fun at all.

[LogitechMouse]

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But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?

Will we still see it growing or will the industry shrink?

It will have a negative effect, but it will be gradual.

The profits of these gambling owners will decrease overtime, and that's because the main reason why the industry is growing is the "hope of the gamblers that they will win big time", and because of that, they keep coming back despite losing a significant amount of money, and of course, gambling owners want it to happen. Now if that changed, and gamblers suddenly just gamble for fun, there will be only a few people that will be willing to spend huge amounts, and the casino's revenue will be reduced.

The revenue might shrink, but they will still operate because there will always be gamblers that will gamble for fun.

[traderethereum]

Yes, the industry shrinks when people gamble only for fun. But the gambling industry still survives because more new people will come and make money. Those new people only see that gambling can give them money.

That makes them keep trying to make money, even if they lose. They still see the chance to profit from gambling but they don't realize the risk.

That makes the gambling industry survive and even grow in the future. Old people will be replaced by young people who are curious about gambling. Those who can not hold themselves will get deeper and use gambling to make money.

[viljy]

Let me explain the thread title. I know a lot of us here would say we should be gambling for fun, but in reality most people don’t gamble just for fun, they do it mainly for profit. Even if they lose, they keep coming back because they hope to eventually become profitable in gambling.

But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?

Will we still see it growing or will the industry shrink?

If this happens hypothetically, it means that the number of casino customers will decrease. Consequently, the profit will decrease. If the gross profit decreases so much that it will not cover the costs, then the casino will not survive. That's the short answer.

In general, it is vital for the gambling industry to attract new customers to replace those who leave (for various reasons), as the natural rotation of customers occurs constantly. This is done through advertising. Some of the clients will always play in the hope of getting rich, and not just having fun. To be honest, I've never understood how to separate one from the other. An integral part of entertainment is the hope of winning.