The long game.

[Dareo]

-snip
You can share your taughts.

Honestly casinos don't just run on the hope that players will come back but rather design the entire system in such a way that they will benefit in the long run. This means that every game has a small house edge, which works slowly.  So even if someone wins big, it's not a problem for them because their profit is created by the small losses of thousands of players, In my opinion it's a bit wrong to think of playing long term like casinos as players because we don't have the advantage they have, So instead of trying to survive it's wiser to play within the limits and get out on time.

[Marykeller]

Most casinos aim for the long term, they don't aim for the short term either. That's the reason why, no matter the amount a gambler won, casinos are willing to pay without an excuse given because they know a day's losses from gamblers are way more than the wins gamblers have. No need to be bothered about the payout made because what's to gain ahead is not compared to the day-to-day wins that the gambler has. For instance, out of 100 gamblers, those gamblers who will have wins in a week will not be up to 20, not to mention those who loss their bet staked

[Judith87403]

It is certainly true that building a casino business will always be profitable for the owner, but only a few rounds in the game will be awarded a win by the dealer at least be smart in playing gambling, If I personally were a gambler then of course I would apply some expenses for each week, at least the money coming in and going out would be known how much and from there it would be known how much the nominal loss or how much the nominal winning money is.

There are some gamblers that find it hard to track their expenses they spend on gambling, which will help them to know if they spending much or not and also, casino's are always the one's that do profit much than the players. Which gamblers are to just gamble with the amount they can actually lose in gambling, and limit how they spend their time on gambling, which they are to also have other means they can get entertained by instead of gambling, as this will prevent them from being too attach to gambling.

[Achalugo BTC]

Playing for fun is not an easy thing for most players, mainly the old gamers who weren't capable of doing the background check on staying responsible, they go about thinking that gambling has something to do with making profits or getting rich quick.

They absolutely find it hard to believe that gambling is not a problem solver, which they won't even adhere to advice if they are being told, they will just do what is in their mind and this makes them to become chronic addict, that some of will have to gamble until they are unable to stand up and walk, forgetting that peace of mind can't be bought by anything once the damage has already be done. So that is why they said prevention is better than cure.

[lombok]

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.

The awareness that statistically loss will always outnumber the wins is as dishonest as it can get to save money. Winning streaks tend to be poisonous since they bring about illusion of total control. The solution would be immediate withdrawal of your winnings, and freezing them, to encapsulate real profits. This would be a proper measure to ensure that your handwork does not end up in the lap of the bookies.

[Satofan44]

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.

Are you kidding here or are you seriously this uneducated? You wrote a thread to announce how you "discovered" the basics of how a casino works? It has expected profit built in, and the basics of statistics say that in the long run a casino will always end up on the winning side. Big outliers that bankrupt a casino are only possible in the short-term where the casino has not yet established itself and has not made significant amount of money. Other than that, when it comes to the outcome of bets a casino is not able to bankrupt itself in the long run. There are other things that can lead to bankruptcy but they are not related to game outcomes, they are related to mismanagement of the business.

The awareness that statistically loss will always outnumber the wins is as dishonest as it can get to save money. Winning streaks tend to be poisonous since they bring about illusion of total control. The solution would be immediate withdrawal of your winnings, and freezing them, to encapsulate real profits. This would be a proper measure to ensure that your handwork does not end up in the lap of the bookies.

Wrong, either you understand the statistics behind these things or you don't. If you do understand it, then winning streaks can not poison you -- this is simply an impossibility. If they can poison you, then you never really knew anything but only had an illusion of knowledge which was superficial at best. If you live in area that is very hot, if it rains one day or for a few days you will change your knowledge to "I don't live in a hot area"?  Most of the users here have 0 knowledge about gambling and statistics.

[LastKiss]

~snip~ 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

Even with patience I’m pessimistic that I can recover my past losses. Patience only helps me avoid being greedy and losing even more money because of it. Casinos aren’t different from other businesses they aim for long term sustainability and they use various strategies to achieve that. Making users addicted to gambling is one of them.

Never underestimate how businesses operate they are designed to take our money and time. They know how to keep us coming back and spending more for their own sustainability. Thinking that we can make long term profit from gambling in casinos is not a wise decision, it will likely make you lose more money than you expect.

[drangos]

It is certainly true that building a casino business will always be profitable for the owner, but only a few rounds in the game will be awarded a win by the dealer at least be smart in playing gambling, If I personally were a gambler then of course I would apply some expenses for each week, at least the money coming in and going out would be known how much and from there it would be known how much the nominal loss or how much the nominal winning money is.

There are some gamblers that find it hard to track their expenses they spend on gambling, which will help them to know if they spending much or not and also, casino's are always the one's that do profit much than the players. Which gamblers are to just gamble with the amount they can actually lose in gambling, and limit how they spend their time on gambling, which they are to also have other means they can get entertained by instead of gambling, as this will prevent them from being too attach to gambling.

Long game concept emphasizes more on discipline than anything. The reason why casinos are winning in the long term is that they are predictable unlike the majority of players. The key to changing your attitude towards gambling can be the ability to track your spending. establish boundaries. and be aware of your real outcomes. One can lose control without even knowing it without that awareness. It is important to treat gambling as a form of entertainment and not income. By managing your bankroll correctly and not being tempted to make decisions out of emotion. you will at least be in control. though the odds are never quite in your favor.

[Yablee0]

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.

That's true, and the important facts we should understand as a gambler in all this is that, the casinos and co are only out for business and no business owner is aiming at lost, all what going through their mind even before setting up the business is on how to make profits and enrich themselves for life and nobody give a damn how you ever feel. So don't go thinking that the casinos will ever displeased themselves and please you instead, that is never going to take hold because no matter what they does, they actually knows what they are doing. Therefore as a player that is newly in the system, all you get do for yourself to stay safe is just to go for the fun, investment only what you can afford to lose, never you go aggressive for any reason or try chasing your lost because that is where the casinos always capitalized in taking advantage on a player. However, Having done all this, I can bet you a great gambling experience ever.

[Olatundespo]

Casino companies are able to maintain their success because they are consistent in their goals. They can read the psychological tendencies of gamblers that gamblers who are already losing money will come back soon and gamblers who have won big. They have survived year after year not only by prioritizing their own profits but also by attracting gamblers by giving them the winning funds.

The main theme of casinos is to make profits and they do this gradually and from the gamblers who are not in control, from the gamblers who are isolated and who cannot gamble with discipline. Gamblers who are too emotional and do not follow their bankroll. Whether it is the desire to recover money or to win more, casinos know that gamblers will come back to them. Being responsible is the greatest discipline for gamblers.

[fruktik]

I still don't understand what greed and responsibility have to do with it. We're talking about the long term. You could also call it strategy. This, of course, doesn't guarantee a player's long-term success. For some reason, this seems like a dubious proposition to me. I just don't believe in it. This is just another delusion and a search for solutions that don't exist. It's time to come to terms with this and stop obsessing over it.

[maydna]

Playing gambling needs responsibility and that is the thing that we should do to avoid the problem that can occurs. We can't recover our losses or chasing the winning as casinos will not let us get that. Casinos will takes your money without mercy especially if you can't control yourself better.

You only playing gambling for fun without intention to win and let your luck giving that chances to you. You don't have to think about the winning but only trying to have fun and playing some gambling games.

We can't beat the casinos even we use large money to keep playing. Casinos will takes a big profit from the losing gamblers and if you can't control yourself, you will be one of that losing gamblers.

[swogerino]

I still don't understand what greed and responsibility have to do with it. We're talking about the long term. You could also call it strategy. This, of course, doesn't guarantee a player's long-term success. For some reason, this seems like a dubious proposition to me. I just don't believe in it. This is just another delusion and a search for solutions that don't exist. It's time to come to terms with this and stop obsessing over it.

Long term can be found as a success story in very few specific people that are doing very well in sport betting or some very few others where they are only playing Poker which involves 75% skill and 25% patience making luck less relevant here. In every other game that has an house edge there simply is no long term plan that can make you be in profit over this long term for the simple reason that the house edge is there just to make sure the casino is always in profit over the long term of their business operation.

[Dunamisx]

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

Gamblers don't make big wins more often; what is common is the situation in which you see gamblers making small wins. Also, in an overall performance, they don't tend to make more wins than the losses they had, so the sportbook has the maximum odds or winning a gambler can have upon every attempt. This will make your winning fall within their jurisdictional limit.

[Fivestar4everMVP]

I still don't understand what greed and responsibility have to do with it. We're talking about the long term. You could also call it strategy. This, of course, doesn't guarantee a player's long-term success. For some reason, this seems like a dubious proposition to me. I just don't believe in it. This is just another delusion and a search for solutions that don't exist. It's time to come to terms with this and stop obsessing over it.

The thing is, I think most gamblers still think or believe that they are playing against the the casino, that is that the casino is their direct opponent which is not true and a big mistake, I've talked about this on another thread but I think it's still worth talking about here as well.

Many gamblers find it hard or difficult to come to terms with the fact that casinos are simply running a business, and business are designed in a way it stays in profit no matter how long the business runs so as long as those managing the business are doing a good job.
Gambling on the other hand is a game of luck and it's absolutely wrong to compare it to a business, this is what I think op does not understand, even a good strategy can not guarantee long term profit from gambling.

[lombok]

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

Gamblers don't make big wins more often; what is common is the situation in which you see gamblers making small wins. Also, in an overall performance, they don't tend to make more wins than the losses they had, so the sportbook has the maximum odds or winning a gambler can have upon every attempt. This will make your winning fall within their jurisdictional limit.

It is natural that all the consequences are stipulated within the rules of the game, which was developed as the advantage of the management. The individuals would always believe that they had enough to win big but later, these wins remain at the mercy of an efficient system. Winning small battles is just a lure not to think, but to act witlessly. Awareness of such limitations will assist one to be alert and not to be easily fooled.

[Achalugo BTC]

Gamblers don't make big wins more often; what is common is the situation in which you see gamblers making small wins. Also, in an overall performance, they don't tend to make more wins than the losses they had, so the sportbook has the maximum odds or winning a gambler can have upon every attempt. This will make your winning fall within their jurisdictional limit.

Well that's your own perspective, for me, I don't any difference between slot and other casinos games, because if you approach gambling with the mindset to make money, which they will make you to believe you are right, which will make you to keep gambling and spending unnecessary and the only way they can fix or prevent themselves being caught up in this trap, is by sticking to that small wins they are getting from their bets and also set a budget for themselves for their own safety.

[Anayochukwu]

It is not possible for gamblers to be ahead of casinos. Even if they are, casinos still have many customers who gamble every day. So there is no amount of winnings that will affect a casino because within a short period of time they will recover their losses and still make extra money. To be honest gamblers are not even winning the way we always think, because we know how the games works. So there is nothing else that can make a casino go bankrupt at all, because it always favors them more than the gamblers.

[impulse709]

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

Gamblers don't make big wins more often; what is common is the situation in which you see gamblers making small wins. Also, in an overall performance, they don't tend to make more wins than the losses they had, so the sportbook has the maximum odds or winning a gambler can have upon every attempt. This will make your winning fall within their jurisdictional limit.

Casinos make it because they are constructed on the long term and not the short term outcome. A couple of huge wins can be seen as daunting. but they are already factored in the system. In the long term a majority of the players will experience a series of small wins and frequent losses. and that would always be in favour of the house. All the games, be it slots table games or sportsbook odds are created with an inherent advantage and the more one plays the game. the more predictable the results would be. This is why casinos are not worried about a jackpot occasionally such a payout is only a component of the model that makes them profitable in the long term.

[Leahized]

Most casinos aim for the long term, they don't aim for the short term either. That's the reason why, no matter the amount a gambler won, casinos are willing to pay without an excuse given because they know a day's losses from gamblers are way more than the wins gamblers have. No need to be bothered about the payout made because what's to gain ahead is not compared to the day-to-day wins that the gambler has. For instance, out of 100 gamblers, those gamblers who will have wins in a week will not be up to 20, not to mention those who loss their bet staked

Yes, you are right about this. Sometimes many casinos are seen,Those who cannot survive in the market for a long time. Because the casino officials are not very aware and fail to solve the problems of the players. This makes players lose faith in that casino and look for another casino. But in gambling money bet even though the rate of losing is much higher than winning. Because our brain thinks more about the present than the past. That's why lucky players always win here. And after getting a big win, that player should be most aware, so as not to make any mistakes later.