The long game.

[Zigabel]

Think of it differently. Casinos do not win because they play "the long game," as you said. They are profitable because every game is made to work in their favor. The house edge is tilted to favor the casino, not the players. 

They say the games are "provably fair"; meanwhile, games like slot, blackjack, and roulette, the odds are against the player every time they place a bet. Each bet might be a small amount, but after hundreds of players lose a bet a thousand times, it becomes highly profitable.

This is true thinking of it from this point, I agree, because obviously the casino is in for business and business means the pursuit for profit sometimes a player gets lucky and wins huge and that alone motivates others to want to gamble because they keep believing they can be as lucky as the other player who won huge but the thing remains that within few hrs or days the casino has already recovered that payout and made profit on it.

The house edge is a very crucial aspect of the business that actually keeps the business running for as long as possible and keeps the casino always ahead regardless of how much the players try to make their winning constant. The numbers too is another aspect that gets the casino to quickly recover payouts and that is why you see them always rolling out advertisements and campaigns, so they can gather more and more users who will be on their platform, and with their small small stakes gathered together, they will be making profit in minutes or hrs.

[Loyang]

Think of it differently. Casinos do not win because they play "the long game," as you said. They are profitable because every game is made to work in their favor. The house edge is tilted to favor the casino, not the players. 

They say the games are "provably fair"; meanwhile, games like slot, blackjack, and roulette, the odds are against the player every time they place a bet. Each bet might be a small amount, but after hundreds of players lose a bet a thousand times, it becomes highly profitable.

This is true thinking of it from this point, I agree, because obviously the casino is in for business and business means the pursuit for profit sometimes a player gets lucky and wins huge and that alone motivates others to want to gamble because they keep believing they can be as lucky as the other player who won huge but the thing remains that within few hrs or days the casino has already recovered that payout and made profit on it.

The house edge is a very crucial aspect of the business that actually keeps the business running for as long as possible and keeps the casino always ahead regardless of how much the players try to make their winning constant. The numbers too is another aspect that gets the casino to quickly recover payouts and that is why you see them always rolling out advertisements and campaigns, so they can gather more and more users who will be on their platform, and with their small small stakes gathered together, they will be making profit in minutes or hrs.

Yes I completely agree with you. No one ever does business by losing money, casino is a business in this place if a person wins 10 thousand dollars in 1 minute and above is earning 12 thousand dollars in 1 minute. Everyone's luck is not the same. In one day maybe 1 person's luck is very good and all other people's luck is very bad. So if they give a lot of money to one person then all other people from other places are getting a lot of money from it

[Wakate]

You cannot compare the number of people that lose everyday to those that win, the difference is actually much than you think. Casino gambling have more losers than winners so it doesn't matter how much the casino has to pay out they are going to get triple of it or maybe even more within a few minutes, this is the reason why they say gambling is a losing game not because people are not winning but because you have more losses than wins and this cycle keeps on repeating itself. if you know what house edge means then you should understand this.

There are more people that are losing in gambling that the number of people that are winning in gambling.
If you win today, maybe for five consecutive days, do not be too happy because you can lose that same money in 10 days om a straight loses. It is better when you win bet, you take the fund and leave for your safety.

[rachael9385]

You cannot compare the number of people that lose everyday to those that win, the difference is actually much than you think. Casino gambling have more losers than winners so it doesn't matter how much the casino has to pay out they are going to get triple of it or maybe even more within a few minutes, this is the reason why they say gambling is a losing game not because people are not winning but because you have more losses than wins and this cycle keeps on repeating itself. if you know what house edge means then you should understand this.

There are more people that are losing in gambling that the number of people that are winning in gambling.
If you win today, maybe for five consecutive days, do not be too happy because you can lose that same money in 10 days om a straight loses. It is better when you win bet, you take the fund and leave for your safety.

The satisfaction that comes with winning makes a lot of people feel too comfortable, this makes them chase constant wins but it is impossible to always win in gambling, trying to chase wins everytime is only going to lead to gambling addiction in the long run. Taking a break after winning is a very smart thing to do as a gambler, it saves you from unnecessary losses.

[Hispo]

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.

That is how theory of the game and gambling statistics work, the edge of the house does not work in the short term, otherwise people would have no time to gamble their money away and they would lose it very fast, there would not be time for anyone to have fun whatsoever.
It would interesting to see if ever someone could set up a casino with negative house edge casino as an experiment, in order to see how fast it goes into bankruptcy, it would be good for people within the gambling community to realize how powerful is that single factor in controlling the flux of money within the casino.

Casinos are in the long term, because they are indeed a business, and all businesses are supposed to be reliable and profitable through many years.

[drangos]

You cannot compare the number of people that lose everyday to those that win, the difference is actually much than you think. Casino gambling have more losers than winners so it doesn't matter how much the casino has to pay out they are going to get triple of it or maybe even more within a few minutes, this is the reason why they say gambling is a losing game not because people are not winning but because you have more losses than wins and this cycle keeps on repeating itself. if you know what house edge means then you should understand this.

There are more people that are losing in gambling that the number of people that are winning in gambling.
If you win today, maybe for five consecutive days, do not be too happy because you can lose that same money in 10 days om a straight loses. It is better when you win bet, you take the fund and leave for your safety.

You have described the fact pretty well gambling is not about wins and losses in the short run but in the long run. The house edge is such that, in the long run, most of the players will lose than win even in the event that they go through winning sprees. Most of the individuals become engrossed in the short-term success and become oblivious of the speed at which success can turn into failure. That is the reason why discipline is important. It is also important to know when to quit as well as how to play. The safer approach to the issue of gambling is to view it as entertainment and not as a source of income that you can always rely on so as not to become a victim of that vicious cycle.

[fruktik]

There are some casinos that retain players long-term. How do they do this? For example, there's an interesting opportunity to upgrade your account to VIP status, which has a number of significant advantages over new players. They give out daily bonuses and even free spins. These measures definitely keep players coming back for more. I've found this interesting. Now I'm striving to reach the next status as quickly as possible.

[junder]

this point, I agree, because obviously the casino is in for business and business means the pursuit for profit sometimes a player gets lucky and wins huge and that alone motivates others to want to gamble because they keep believing they can be as lucky as the other player who won huge but the thing remains that within few hrs or days the casino has already recovered that payout and made profit on it.

The house edge is a very crucial aspect of the business that actually keeps the business running for as long as possible and keeps the casino always ahead regardless of how much the players try to make their winning constant. The numbers too is another aspect that gets the casino to quickly recover payouts and that is why you see them always rolling out advertisements and campaigns, so they can gather more and more users who will be on their platform, and with their small small stakes gathered together, they will be making profit in minutes or hrs.

It’s only natural for a casino to recoup its payouts or turn a profit within a matter of days because, as you mentioned we all know that casinos are in business to make a profit that’s their top priority when building a casino.

And in any case, casinos will always come out ahead in the long run players who win won’t keep winning it happens only occasionally, and certainly not in large amounts.

[OsaiEmma]

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.

My thought is, you just contradicted yourself with this statement. If casinos are playing the long game, and you go to play the long game with them, what on earth makes you think you can beat them. They do have an edge over you, you are practically depending on luck to see a win, not even talking of breaking even, before we can talk about beating them in their own game. It is almost impossible, in fact, the longer you stay in the game, the more losses you accumulate.

If you hit a big win, you either, cut back in the games, or you bail completely, whether you have more losses or not, besides, I feel that's the whole essence of gambling, to hit a big life changing win.

But then again, some people just gamble casually, some gamble for fun, some just to socialize, a lot of reasons to, but ultimately, everyone is hoping to hit that jackpot one day, right?

[Cointxz]

There are some casinos that retain players long-term. How do they do this? For example, there's an interesting opportunity to upgrade your account to VIP status, which has a number of significant advantages over new players. They give out daily bonuses and even free spins. These measures definitely keep players coming back for more. I've found this interesting. Now I'm striving to reach the next status as quickly as possible.

VIP status nowadays usually given on with a small wager or upon opening an account. The benefits just keep on adding or the percentage increases the higher your VIP level and you’re right that it’s the main feature which casino use to make their player stay long term hence a loyalty program which this feature usually called.

Some casino offers too an exclusive bonus to each players depending on their gambling activity to encourage them to play more.

Even birthday bonus and seasonal promotion such as Christmas and so on is very effective to make players stay loyal.

[ZeroVinsonN]

If you have gambled yourself and you also know around maybe 5 to 10 people who also gamble then you can tell just by averaging things out that gambler lose more than they win which means that casinos win more than they lose, maybe someone is going to win something big eventually but the total amount of loses from other players will most likely cover all that lose for the casino, that's just how it is, just because one person is lucky enough to win big doesn't mean everyone has that kind of luck, most people out there are losing way more than they are winning.

[Frankolala]

You cannot compare the number of people that lose everyday to those that win, the difference is actually much than you think. Casino gambling have more losers than winners so it doesn't matter how much the casino has to pay out they are going to get triple of it or maybe even more within a few minutes, this is the reason why they say gambling is a losing game not because people are not winning but because you have more losses than wins and this cycle keeps on repeating itself. if you know what house edge means then you should understand this.

There are more people that are losing in gambling that the number of people that are winning in gambling.
If you win today, maybe for five consecutive days, do not be too happy because you can lose that same money in 10 days om a straight loses. It is better when you win bet, you take the fund and leave for your safety.

You are right. Let's use our gambling activities as an example. I lose more when gambling and win little part of the money I lost. I believe it's same for most gamblers. Only a few gamblers can win the casino. If you see a gambler that wins big, he only won little part of his losses making it not a problem for the casino to pay him the money.

[WhoYouCantKill]

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.. 

The casino business is undoubtedly a very profitable business, in fact that’s kinda like the only certain and guaranteed way of earning in the gambling business, like when they say gambling is quite profitable, they’re basically talking about those who actually own the casino.
Even when some gamblers claim to be profitable in the long term (which is don’t doubt) one thing I’m very sure about is that majority of the gamblers put their are making losses in the long term and only the casinos actually are profit both in the short and long term 

[Localhostspeed]

They are a business and majority of the businesses are aiming to stay for the long term if they have become profitable. That's why it's normal for the successful casinos to stay for so long because they're in demand, they're profitable and they've got loyal customers that are using them. At the same time, they're also giving away a lot of money that comes from other players so that others will become a testimony to the other gamblers that they're profitable and luck. But in the end, it's always the house that wins.

Casino business isn't something you can venture into and start making money but if you have the capacity and courage to create one, do the marketing and the promotion, get people to earned your trust, you will make money than any business you will ever think of because it's a long term business that people will not stop using. There hundreds of official fifa football that are played everyday that people want to bet on that they lose almost everyday.

One good thing is that it's unpredictable and the fact that is that way makes it easy for the casino to be on the winning side. You can bet all you want to want to make plenty of money, that's fine the casino will agree with you to play but they know 90% or more people will not survive that number, this is how they make their money. Even if people win huge money, there are other people from other places that would have loss more than such amount.

[swogerino]

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.

The true casinos, those with the plan staying here as long as possible come with a business plan that is they have a starting balance that can cover even 10 to 100 huge wins from whales and they don't care about this. They know that sooner or later the house edge will start kicking in and will balance out for the profit of the casino during their long term operation. This is the right mindset from the most reputable casinos here and this never goes wrong during the long run. All other casinos who cannot withstand heavy blows from whales have not thought so well their business model.

[Oasisman]

There are some casinos that retain players long-term. How do they do this? For example, there's an interesting opportunity to upgrade your account to VIP status, which has a number of significant advantages over new players. They give out daily bonuses and even free spins. These measures definitely keep players coming back for more. I've found this interesting. Now I'm striving to reach the next status as quickly as possible.

This is a very effective way to retain players and encourage them to gamble and deposit everyday. I think every online casino these days have this kind of feature. Players would always remember the daily bonus, and they have to check in to claim those. I bet most players would at least used it right away to try and win, and if they've got the momentum, it would very much tempting to make a deposit and continue playing. Regardless of the result, they would always get that daily bonuses, especially with a new deposit. That's how these bonuses tricks some people's mind.

[michellee]

The big winners will not always happens daily but the losses gamblers will always there daily. That makes casinos running their business without worry and just need to promoting their offers to many places.

Besides that, you can't win every day without any losses so casino just need to focus to attract gamblers attention. They will makes more profit than the gamblers especially if more people losses than those who wins.

[Dr.Bitcoin_Strange]

To answer the first question you asked, casinos can recover in less than an hour after paying out huge amounts of money to gamblers and the reason for that is because it doesn't matter who is winning the casino always wins. The game has been designed in such a way that it favours only the casino, that's the reason for the house edge and that's why it is impossible for them to go bankrupt.

That's true, unless the casino is not getting enough customer which is the main source of their income, that's when the casino will likely have a problem with staying profitable for a long terms because they also the to be profitable to pay staffs and maintain the efficiency of the website but if there is no enough customers, they might be bankrupt, I do believe having a large number of players and the house edge is what makes casinos profitable.

[lienfaye]

The house always win because it's a business. Hence, even there are fortunate gamblers to win a huge amount in casino, still, majority of gamblers are losing money which can cover the amount that a specific gambler won. Hence it's not a reason to go bankrupt especially if the casino is reputable with many gamblers playing.

Anyway, If you're a gambler yourself, you'll know that it's not easy to win due to the house edge. Thus, it's better not to chase your losses and just move on if you don't want to lose more.

[danherbias07]

There are some casinos that retain players long-term. How do they do this? For example, there's an interesting opportunity to upgrade your account to VIP status, which has a number of significant advantages over new players. They give out daily bonuses and even free spins. These measures definitely keep players coming back for more. I've found this interesting. Now I'm striving to reach the next status as quickly as possible.

That's true. Some promotions will definitely urge a gambler to play more and increase their VIP rank in the process. I remember a time when I was trying to reach the next level because I wanted to see how much bonus I would receive. When that time came, I was not surprised that the amount was almost the same as what I had lost.
The good part about it is that it's real money. Not some free spins or free bet where you need to gamble it first before it becomes real money. I can actually withdraw it if I want to, and there will be no problem with it as long as I wagered that same amount or more.
This kind of promotion is better than nothing. I mean, it can prolong the play time without losing too much.