The long game.

[Zigabel]

For a very long time now that I have been gambling, it has crossed my mind severally that how is it that the casino as still there everyday and almost never closing even when some one wins a huge amount such that you begin to think the payout can cause the casino to almost go bankrupt because they made several of such payments but untill recently I shared the opinion with a friend and my doubt got some more clarity.

I got to discover that the casino is here for the long term, they are playing the long game, so it doesn't necessarily matter if you won a huge sum, they know and are very optimistic you will return and then they will gradually take back that which you have won before in the long run, or better still, some other users will indirectly help them recover that money through their losses. So one major edge the casino always have is in that ability to stay much longer in the game.

Even you as a gambler, if you can build an edge that always helps you stay longer in the game, you stand a chance to gradually recover your losses but it will take a whole lot of patience and time, not the kind where you will be wanting to get it all at once or at a time, within same day, mind you, this is not me encouraging you to start chasing losses, you may not be lucky enough. This is one mechanism I have spotted with the casinos that has helped them stay longer in the game than gamblers, and that is why there are some casino brands you would have noticed has been in the business for decades and never declaring bankruptcy. So when next you gambling, remember you cannot win enough to cause the casino bankruptcy as they have the capacity to stay longer than you can in the game and eventually they will always win. Drop your greed and gamble responsibly.

You can share your taughts.

[Chibit01]

The casinos don't just target your future losses as means to recover what was paid to winners, and the winning payment should also not be seen as described as something the casino is going to recover from paying winning should be normal and not a loss to the casino.

Another thing too is that before they start up casinos always have enough money to carry them for long time and immediately they kick start their operation the money reserve keep on increasing because on a daily basis we have to see more players losing to the casino than the ones winning, even if they pay out millions (for the big and reputable ones) it's not up to what they could be getting on weekly basis if not daily.

[julerz12]

Of course, that's where the house edge comes in handy. No matter how much you win, the odds will always be in favor with the casino. Some of their users may win big but then the rest will lose and that's usually where the casino's profits are. Plus, the various fees and comissions they get from their own promotions. No wonder we see a new crypto-casino launching every day in this forum and some have continued to operate for a couple of years now.. 

[lovesmayfamilis]

OP, if you're worried about such things, think about how many people leave a decent amount of money at the casino every day, and how many of them win. The difference will surprise you very much if you ask similar questions. The casino will always be the winner, and for many, this is an unquestionable truth, but have you suddenly decided that someone can ruin the casino? This may happen to inexperienced beginners, those casino owners who do not fully assess their financial capabilities, but large casinos will not be losers, and you can certainly flatter yourself with the hope of ruining them by playing day and night.

[Sim_card]

The number of gamblers that losses everyday is far higher than the ones that win. The casino doesn't showcase the number gamblers that has lost heavily in a day because they know that it will discourage a lot of people who are gambling for profit and it will prevent new gamblers from coming on board. What the casino pays to these winners is very slim compared to their profits. Casinos are making profits which is why they haven't packed up.

[qwertyup23]

For a very long time now that I have been gambling, it has crossed my mind severally that how is it that the casino as still there everyday and almost never closing even when some one wins a huge amount such that you begin to think the payout can cause the casino to almost go bankrupt because they made several of such payments but untill recently I shared the opinion with a friend and my doubt got some more clarity.

Be reminded that gambling companies operate on what we call "house edge" which gives them 1-2% favorable rates. Statistically speaking, they would always be profitable which is exactly the phrase the house always wins apply.

<..snip..> Drop your greed and gamble responsibly.
You can share your taughts.

Even if gambling companies have that innate house edge, you can always take advantage of your winnings by withdrawing immediately after a win. In this way, not only do you walk out happy but you also prevent any further loss on your part.

Like what you mentioned, the more time you spend in a gambling platform the more chances that you would succumb losing in the process.

[Pi-network314159]

For a very long time now that I have been gambling, it has crossed my mind severally that how is it that the casino as still there everyday and almost never closing even when some one wins a huge amount such that you begin to think the payout can cause the casino to almost go bankrupt because they made several of such payments but untill recently I shared the opinion with a friend and my doubt got some more clarity.

You don't have to worry yourself about that, what you should understand is that casino stand a chance make more profit than the gamblers. For example everyday people lose, hardly you see a person than win. Out of every %100 of people that gamble every day %95 lose while %5 win in the world. So it is possible to use the %95 profit to pay or settle the %5 percent and there will still be balance. And apart from that, before casino starts to function, they first and foremost have fund in their custody which even if the first day of launching the casino and somebody wins, they can still pay such person.

[Botnake]

Where one wins, others are desperately losing, that 's why casinos never go bankrupt but instead, they become more profitable and grow their business despite of some big wins. And the mere fact that the edge is always on the house, casinos stack the odds by giving themselves a small edge on every bet. So just imagine how many bets are there, that's how casinos are making constant profits out from their small and big time players.

Casinos are built to make profits, while gamblers are bound to lose their money, that's how casinos survive in the market.

[Mhizlove]

Casino has rules and structure that go aline with them from onsent like from day one, it's not been played by emotions and you see most times gamblers do play with emotions, we all that once emotions is being added in a game, such person will or forget it's limit. So for me I will say that the real advantage you can get from this bot not by staying for long rather it's for you to know when to quit because self control is the only thing that a gambler can truly hold onto

[Kelvinid]

Long-term gamblers know the reason well. The longer they stay gambling, winning only comes rare, but losses happen almost in every bet. That's why its never surprising why casinos stay in profits while gamblers always end up with empty pockets.

Gambling is a losing proposition. The edge is always on the house, that's why the chances of gamblers winning consistently is low.

And going into casino business requires a huge amount of capital, so that the house will never runs out of money even if lucky gamblers hit a big amount.

[dimonstration]

Its 100% casino goal is for the long run. They rely on the house edge of the casino to get consistent profit and bonuses to make players stay loyal.

Players will eventually lose in the long run so casino just need to make them keep playing until they lose at some point of their game. Casino has a huge bankroll so it’s very hard for them to go bankrupt of there’s a lot of active player contributing for them to generate consistent profit.

The more we play the more we will experience the effect of the house edge which is a win for the casino.

[Pandu Geddon]

Casinos have many customers who gamble every day. They can pay out several big wins without worrying about financial problems in their business. This is because when one gambler wins big, there are also many gamblers who lose. So, can we really think about making a casino go bankrupt? Of course not. Unless the casino has already had problems from the beginning and should not be able to operate.

[cryptoaddictchie]

Of course, that's where the house edge comes in handy. No matter how much you win, the odds will always be in favor with the casino. Some of their users may win big but then the rest will lose.

Yeah but there are some casino with 0 house edge another strategy that most likely focusing on long term game and quite risky too since they dont take advantage of the players via house edge %. As far as I can see most casino that lives long term are those with considerable house edge and their really earning big from some players maybe if we tallied it we can assume that more than 70% lose on casino than winning good prizes.

[348Judah]

Drop your greed and gamble responsibly.

I like this aspect and that is one of the areas people don't want to understand they have, greed is not something that has to be showing in physical, but through some of our behaviors and actions we take, we discover how greedy we are, gambling comes with the opportunity for everyone to participate and have fun, but how we choose to play our games determine what we get at the end.

[Agbamoni]

Big business owners make losses in some deals, but after summing everything up at the end of the month, they are profitable. Then, imagine a game of luck/chance, the house always has an edge over the players. Few people may win big, and some may win a small amount, but the house is always in profit due to the majority of players who have lost. In addition, money seized due to fraudulent activity or players not complying with the casino's policies belongs to the casino in most cases.

[lionheart78]

..snipped
You can share your taughts.

The mechanics you stated is obviously used by all industry that depends on customer subscription.  The casino offer services that gamblers wants to subscribes in their daily lives.  No one would reject an offer of entertainment in exchange of cash, what more the chance to win bigger money.

People spend money on movies, parties and anything that entertain him so seeing people going back to gambling platform is normal because they aim for entertainment that has a chance to win huge money.  The amount spent is considered a fee for such entertainment or chance of winning huge.

The one that make the casino to stay longer is the house edge.  Without it, the casino is just gambling themselves to survive.

[$crypto$]

Casinos will never go bankrupt, it's such a lucrative industry for casino owners that they are willing to pay hundreds of millions of dollars in sponsorships while player winnings will never touch that figure, so it's impossible for casinos to go bankrupt? Except for casinos that intend to exit scams.

Don't expect the advantages you can get from the casino even if you play for a long time gradually, basically you will still lose a profitable casino --- as there is a theory that says players will still lose even though they have taken the trouble to play more carefully, because this game relies entirely on luck.

[programmer3666]

Casinos are not playing for today, they are playing for the long run. Even if someone wins big, they know over time people will come back and the money will gradually return to them. They also have something called house edge, which means the odds always favor them in the long term. So while a player can win today, the casino keeps winning over time because they stay longer in the game. That is why the best mindset is to not chase losses and always gamble with control, because in the long run, the casino usually comes out on top.

[Porfirii]

Casinos apply the so called Law of large numbers, which states that the average of the results obtained from a large number of independent random samples converges to the true value, or, in another way, that it will converge to the true mean. So, if there are enough players betting enough times, independent random samples shouldn't affect the final, positive result for casinos.

Think about it like with assurance firms if you want. The fact that you get paid a millionaire payment by your firm because of certain accident doesn't affect their overall positive results because insurance premiums are calculated to compensate these cases + get a benefit.

[Peanutswar]

As long as they have a player and losing with their casino they are still standing right there and keep giving their services, the large amount winners are just rarely into the casino and we knew that only small percentage of the players only wins in their games and most of them are losing their bets, seek for debts just to gas their gambling habit so the casino just bring the entertainment and giving a winning to those people who are luck with the odds of chances of winnings. If this still happens they can sustain their platform. I just seen few only casino gets bankcrupt. Now if you dont want this happen you must need to know how to market your casino and compete with other casino.