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

[Die_empty]

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?

Gambling will become another like subscribing to a movie channel or buying a football match ticket without winning money. It will not be what it is without the prospect of making a profit. The notion that 'I gamble for fun" doesn't in any way mean that I am not expecting to win money. Nobody wants to throw away money just like that.

People will say they gamble for fun, mainly when gambling addiction is being discussed. It simply means that they are not seeing gambling as a source of income but just to entertain themselves, and of course, hope that they will be lucky to win.

Maybe your question should be, "Would the gambling industry survive if people only played responsibly?" I think the industry will still thrive.    

[MAAManda]

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?

Whether it grows or not, we'll certainly see it continue to grow. Remember that the house never loses, they take a percentage of each player's turn. The longer a player plays, the more profit the casino makes. But these days I see more people playing not just for entertainment purposes, so we see more new online casinos which shows that this field is sexy right now.

[Samlucky O]

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?

if people decide to stop aiming for profit and gambling for fun, the gambling industry will not survive. there is no body that will succeed in business if people  dont patronize him. the primary reason for every business person is to make profit. even if the casino was programed to be gambling for fun, it will just be an  online game where you just play on demo. the only way they would be making their money would be downloading of the app from play store. each download would have generated income for them.

[cabron]

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?

if people decide to stop aiming for profit and gambling for fun, the gambling industry will not survive. there is no body that will succeed in business if people  dont patronize him. the primary reason for every business person is to make profit. even if the casino was programed to be gambling for fun, it will just be an  online game where you just play on demo. the only way they would be making their money would be downloading of the app from play store. each download would have generated income for them.

It will still survive because they gamble for fun yet there will still be money involve. Just like what is happening today, we gamble for fun and yet we are losing money everyday and yet we still keep playing.

In sports we kept betting and although we win, part of the money goes to the casino, they profit whether we win or lose. There is nothing to lose for a casino but they will always make a way for people to gamble.

[MainIbem]

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?

Yes of course, so far money is involved, it would still grow and not shrink just that the rate at which it's growing would be reduced since more people are doing it in a responsible way. So far those who gamble for fun are still staking money to gamble, even though they're not as greedy as some people who stake more than required to get more profits, the industry would still thrive, remember that the house edge supercedes so whether you gamble for fun or not the house would always have the winning edge meaning that they'll still make money regardless, however it might not be as compared to what they'll make when more people aim for profits.

[Shinpako09]

If people only played for fun, I think gambling would still be big, but not as massive and hyped as it is today, and casinos would earn much less. Because if it’s just for fun, players probably wouldn’t come back every day, they’d only play occasionally whenever they felt like it. Playing for fun means not taking gambling seriously compared to addicted gamblers or those aiming to win and make a living from it.

[₿itcoin]

Do you have reference for your stats provided here? I’m curious on how the stats conducted since “playing for fun” term is objective. Not because high roller playing huge bankroll they are not having fun already when they are playing.

Surely, the majority of casino profit are from those high roller that consistently playing and losing in the casino but no one know their real objective when gambling either for fun or profit only because it can be both.

This is why I’m interested to know if there’s survey conducted based on that subject.

https://www.vox.com

yep, According to a recent Vox article, the top 3%  of sports bettors bring in about 82% of the money of whom most are often addicted, not wealthy.




come to  UK, the top 10% of the punters are responsible for generating 79% of the revenue.
And the interesting part is that 37% of revenue is generated by only top 1% bettors.

So, the definitions of fun vs profit differ from person to person,
but the statistics clearly demonstrate that the whole industry is carried by heavy rollers on their backs and the casual gamblers have very less to offer.

[Peanutswar]

An industry cannot be sustained if theres no any kind of active consumers of the people seeking for run only and not for money in a casino could be a different perspective are they spending their money to a casino without thinking how much they use or they are just a casual player just playing with the casino such as a demo. If thats the case casino cant handle it all instead they requires now their users to make a deposit to use their casino. Every business requires an ecosystem to operate.

[Dex_master25]

If people only played for fun, I think gambling would still be big, but not as massive and hyped as it is today, and casinos would earn much less. Because if it’s just for fun, players probably wouldn’t come back every day, they’d only play occasionally whenever they felt like it. Playing for fun means not taking gambling seriously compared to addicted gamblers or those aiming to win and make a living from it.

The gambling industry really is all about the money. Wonder why there are so many casinos and different kinds and events to gamble on constantly, because there is always money to be made from someone's greed or someone's depression in the gamble centers.
Where people play for fun would have the natural characteristics of a beach or a natural park where people go to socialize or relax and not with serious infrastructure or bankroll management.
Even the government of almost all countries of the world today, make some certain percentage from taxing the gambling industry, so i wonder why it wouldn't survive for long, from generations and through many generations yet.

[sompitonov]

An industry cannot be sustained if theres no any kind of active consumers of the people seeking for run only and not for money in a casino could be a different perspective are they spending their money to a casino without thinking how much they use or they are just a casual player just playing with the casino such as a demo. If thats the case casino cant handle it all instead they requires now their users to make a deposit to use their casino. Every business requires an ecosystem to operate.

Of course, the gambling business is based on the money of users and excitement alone, but without money it is impossible to exist. Where there is money, there is development very often, because the team will make this business better, but at the expense of those players who bring money there themselves. It is like a cycle of money. Nevertheless, all gambling businesses are now in an excellent position, because their time has not yet passed and I even sometimes wonder whether it will pass at all, because there will always be people who want to risk their money to win more.

[fuguebtc]

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.

Kinda true, the regular bettors are really the spine of the betting industry but you cannot ignore the whales that are a small number of players who generate a tremendous chunk of the entire revenue, like someone mentioned in above post that 3% of the players generate about 82% of the revenue, for real. The house still makes a profit on small margins (house edge on so many small bets), so casual players just pay the bills. But VIP/whale programs and high rollers make up a disproportionate share of revenues and profits, so capping them or more stringent regulation would really curb that growth even without the house collapsing all at once.

[Nahl]

In my personal opinion gambling for fun means people who starting to gamble will never attempt to earn money anymore and their purposes and their mindset has been change about gambling because probably those who want to gamble for fun only look for the entertainment but i will assume people who considers gambling for fun is still gamble using their money

And if this happend i think gambling industry can still survive that's because basically whether it physical casino or online casino still earn money from the gamblers but probably the industry would not be as big as it is today because people won't gamble for everyday and usually they gamble only when they want to gets entertain

[panjul07]

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?

Those who are usually saying that they are gambling for fun is basically not representing the reality because I can say that there is no single gambler who gamble merely for fun without any willing to make money/profit.
Since it is "what if" question while I do believe that the case you are talking about is not going to happen because it is almost impossible to happen since most people want money while they are gambling.
If people want to gamble just for fun without any intention to make money, they will not play gambling games where they need to risk money as they can play with the demo mode/fun play only.

[Oluwa-btc]

It's unacceptable that gambling would not yeild profits...LOL.With the current gambling statistics, gambling industries make most of it's profit from heavy Gamblers and if everyone gambled only for fun, there'll be lower profits.Casinos would shrink as they keep earning less.

[rachael9385]

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?

Gambling industries would still yield profit even though gamblers didn't aim for profit and only gambled for fun but the scale at which profit would not be as high as this. If gamblers can just stick to gambling for fun then there would be lower profits made by the gambling companies. But the percentage of those gambling for Profit is higher than those that are gambling for fun, that's where the problem is

[AYOBA]

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?

In the gambling industry anybody that we see is into gambling; their aim is to get profits from it. Nobody can gamble just for fun after he knows all the risks that are involved. Who will be having that money to waste just for nothing without any rewards? Even those that are saying they only gamble just for fun, I do not really agree with them; they only use the word to brainwash-people.

Because if it’s true that it’s only mainly for fun, I don’t think some will be able to gamble for a long period of time. But it is because whenever they lose, they will still win a big amount of money, which can even cover everything they’ve lost in previous bets.

[uneng]

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?

The industry would still survive, because there would be gamblers willing to gamble, anyway. However, the demand would probably decrease, since we are expecting a considerable portion of gambling community to stop betting, which correspond to those who are into this practice aiming profits.

It means there wouldn't be room for many gambling platforms, forcing them to close the doors or to decrease the size of their business. The industry would get more competitive, so it's likely casinos would have to please their customers even more to shine on this market.

[Solosanz]

Gambling industry will survive, but it won't as huge as now.

I don't think gambling make the most from people who play for money, people who play for money will quit when they don't see any progress.

come to  UK, the top 10% of the punters are responsible for generating 79% of the revenue.
And the interesting part is that 37% of revenue is generated by only top 1% bettors.

But, we can't draw a conclusion if people who spent a lot of money in gambling are addicted/looking to make money. Different people will have different level of entertain budget, similar like Average Joe who spend for $1,000 for monthly needs, but rich people spend $20,000, for them it's normal.

[vanesha]

The casino industry will slowly shrink but it will not go bankrupt, they will still make money from people who buy pleasure, the effect is only a lack of turnover, the biggest effect is felt by the casino, only a few users, if the casino is big it will still survive

[radjie]

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?

The gambling industry will continue to grow, even though some people consider gambling simply for fun. However, the reality is that most people gamble to try their luck by any means they can in pursuit of winning. Although they lose more often than they win, the thing that drives most people to gamble is curiosity and to keep doing it just to chase a win.