The long game.

[bitcampaign]

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.

The weekly revenue of casino bookies is fantastic, even profitable in building a gambling business because the profits are extraordinary. That's why casinos remain strong in the gambling industry to this day.

That's why casinos actually drain players, and it's almost impossible for players to gain wealth from casino games because the winnings are so small. I agree with you regarding sportsbooks, because the odds of winning are guaranteed to be 50/50 percent, compared to casinos, which might have an 80/20 percent chance.

[Satofan44]

Even with patience I’m pessimistic that I can recover my past losses.

There is no need to be pessimistic or optimistic about these things, you are supposed to be realistic based on knowledge and information. If the knowledge indicated that you can do something, then being pessimistic would be wrong for example.

Casinos aren’t different from other businesses they aim for long term sustainability and they use various strategies to achieve that.

Wrong, they are quite different from most businesses. Most businesses sell goods or services, they do not profit from the bankruptcy of their customer. You, under a normal scenario, always get something tangible -- and if you are smart and reasonable, something that provides good utility to you -- this is not the case with gambling that bankrupts you.

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.

All of this is completely false and has nothing to do with playing in the long term. Whether you play with discipline or without discipline, you are going to lose in the long-term that is how this works. Instead of inventing random reasons, it would be wise to educate yourself about the basics of gamb ling.

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.

He did not say anywhere that big wins happen often, you missed the argument that he was setting up with his statement.

The weekly revenue of casino bookies is fantastic, even profitable in building a gambling business because the profits are extraordinary. That's why casinos remain strong in the gambling industry to this day.

That's why casinos actually drain players, and it's almost impossible for players to gain wealth from casino games because the winnings are so small. I agree with you regarding sportsbooks, because the odds of winning are guaranteed to be 50/50 percent, compared to casinos, which might have an 80/20 percent chance.

They are only profitable because the player, the people, are idiots. The business itself is not necessarily better or worse than some others. For example you could argue that exchanges are much better businesses if operated properly, because they are winning regardless of whether the market conditions are bullish or bearish. In comparison, a casino is always losing when players are winning so they do care about the actual outcomes. Nevertheless, the business is profitable for 2 main reasons: 1) The profit margin is guaranteed, and they always win the in the long run. 2) Most people are at least a little bit out of control, many are completely out of control. Do not underestimate the 2nd point.

[jeremypwr]

Gambling is a long game in that most gamblers aren't just going to gamble one time and then be done.
Casinos know this and they also know in the long game that they will more than likely come out ahead of the gambler.

[Salahmu]

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, 

You can share your taughts.

Staying long is not the reason why casino dose not go bankrupt from big winings some gamblers would have but however before owning and operating a casino you are definitely not a poor person but a rich one who is ready to afford any amount a gambler would win and apart from that do you no how much a casino is making from daily gambling?, there are people who could loss millions in gambling within a month in casino, a lot of casinos are sustainable from only money they could be generating from contest and other things so actually except the casino just want to stole someone's wining if not paying out any wining shouldn't affect them.

[TheUltraElite]

This is why investing on the casinos bankroll is a good investment with proper returns and less headache. It leads to some short term loses but in the long term profits are invariably going to come.

If you just work as an employee for years you will realize the problem that gamblers have, they are always trying to make up old losses which can never be broken even. The false sense that the casino can make back money is what drives the gamblers to continue playing knowing that their balance is going down the drain but still they will try to salave it.

Hence the long game for the active gamblers is a loss making one.

[Bitcoin.com97]

Without someone feeding your curiosity, you should have understood that loses are more than wins , so that shows they are gaining more , before anyone wins such huge amount of money , know that he or she has really lost so much , many has chased loses before getting that lucky day , and instead of many to withdraw and chill , they use that same money to gamble which the possibility of them getting back their money is high , no matter how many persons won huge amount  , gambling site will definitely pays even if it’s a week or more,but they don’t go bankrupt, and the rate at which people gamble is very alarming, sometimes I wonder how much they make in a day , population that gamble is really really high .

[ASloveapg]

Gambling is a long game in that most gamblers aren't just going to gamble one time and then be done.
Casinos know this and they also know in the long game that they will more than likely come out ahead of the gambler.

Casinos are the ones that succeed in the long run, and gamblers are the ones that lose. A gambler may win a few times, and that win entices him to come back again, but over time, through consistent play, that gambler ends up losing more than he wins, because according to the casino algorithm, the long-term profit is usually in the casino's favor. That's why we can never beat the casino.

[AYOBA]

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. 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.

Do you know that not everyone can able to build that edge and stay long for gambling to recovery their loses back, because if you observe some people is quickly money that their looking for and gambling is not a place that can get that kind quick money they will rather quick in gambling.

And that’s why you can see some gambling once they see that their losing in gambling as been much some will just quit to avoid more lose money, is only few that can afford to spend more money and chasing what they’ve losing for a very long time.

[Judith87403]

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.

Not at all, its not possible for casinos to displease themselves and please players because the bet with a high amount of funds, which they will still remain what they are, that is why people are to be careful with the way their mindset is on gambling and do the needful because whatever decision they without thinking rightly will make them to chase gambling as a game to make money and not for fun again.

[Cantsay]

Not at all, its not possible for casinos to displease themselves and please players because the bet with a high amount of funds, which they will still remain what they are, that is why people are to be careful with the way their mindset is on gambling and do the needful because whatever decision they without thinking rightly will make them to chase gambling as a game to make money and not for fun again.

This is not me trying to defame casino or anything, but there was a casino in this community that openly admitted that they don’t appreciate gamblers who win much. That it’s bad for the business and if they come across an account that has a high win rate they’ll limit it or block the user from using their site again.

To them it’s just business, but unlike other businesses casinos tends to flourish more when their customers lose money to them and so those making money from gambling, the same service they are offering is a threat to them.

[freedomgo]

No one will start a business where the edge is not on the house, most especially with gambling business. The nature of gambling is not just to satisfy the entertainment factor of the players, but also to make the casino itself entertained with overflowing profits. That's the key to make this kind of business stay longer in the market industry.

However, there are still few casinos who end up in bankruptcy, but mostly those are shady casinos. Gamblers have find no reason to trust them especially when it comes to payouts and withdrawals, so their kind of business will not work in the long run, thus gamblers leave the casino and look for more reliable and trusted ones.

[Russlenat]

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.. 

Casinos are designed to always win, while leaving us gamblers losing most often. That's their business trend, so its not surprising why its rare to see casinos closing their operation but instead we witness different casinos launching everyday, especially with online casinos.

The house edge always guarantees casinos a profit over the long run, that's how casinos ensure profit and while they are at it, gamblers are also battling with constant losses.

[impulse709]

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.

Not at all, its not possible for casinos to displease themselves and please players because the bet with a high amount of funds, which they will still remain what they are, that is why people are to be careful with the way their mindset is on gambling and do the needful because whatever decision they without thinking rightly will make them to chase gambling as a game to make money and not for fun again.

You both are quite right concerning the long-run operation of casinos. Casinos are not constructed to satisfy the players, but to make profits and that must always remain in mind. The greatest sin that most gamblers commit is making gambling a source of income, rather than entertainment. Discipline is lost and emotions rule once the losses are pursued. The most secure thinking is to play to have fun, draw a line and only play with money that you can afford to lose without remorse.

[Julien_Olynpic]

Casinos have a so-called "house edge," which allows them to win more often, on average, by 1-2 percent or even more. Besides these percentages, casinos have many hidden tools and levers to mitigate their potential losses. For example, these include winning limits. For example, you can't win an infinite number of times at roulette, even if you're lucky. They'll give you your maximum winnings based on the limit and say goodbye to you.

[nimogsm]

You can share your taughts.

This is the long-term perspective and success. Even paying a player a large win benefits them, as it advertises the service's solvency. Other players contribute their money in hopes of repeating their success and hitting the jackpot. Of 100 players, only one will win. Figuratively speaking, the calculation here is simple. The casino will always make a profit, since other players pay the winner.

[mirakal]

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.

The term ''the house always wins'' certainly exists for a reason. All gambling platforms are designed to make profits, leaving the gamblers with undeniable losses. However, while there are some lucky players able to win big and hit the jackpots, but that winning amount is nothing compared to the countless losses gained by the casino. So do not wonder why such casinos never stop from their existence, the kind of business they have is probably one of the most profitable business ideas all over the world.

Now the thought that someone could ruin the casino, personally I don't see gamblers are capable of doing it, but with the stiff competition in the market, there are always better casinos that gain an edge over the others.

[Africolo]

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.

I don't think the casinos give a long term target for gamblers to recover those looses and from my experience I have seen that casinos are built to make more profits than the gambler and there are people who wanted to quit because they haven't won and somehow they will manage to win the moment they have decided to stop betting and chasing looses, one is left to think of the casinos owners are reading the minds of the gamblers to give them winning when they want to quit.

It's takes a lot of patience and discipline before a gambler can win a substantial amount of money from betting, and luck is one of the lubricants that oils winning, if a gambler encounters hard luck he can be gambling for years and won't be able to win with all the knowledge and strategies he might have acquired and used, it's just luck that gives winning. The best approach to gambling is to stop chasing looses and have a budget and stick to it.

[drangos]

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.

The long game is indeed a matter of discipline on either side of the table, the casino and the player. The reason why a good casino lives is not to collect the losses, but to trust, pay out smoothly, to solve a problem presented by the player in the quickest time possible. Players lack confidence and they merely transfer. In the case of gamblers, the risk is mostly after a huge win since feelings get involved and most of them struggle to pursue bigger wins. It is there that errors start. Even the house advantage does not shift after one win, so remains a quiet and bankroll control is never more significant than the excitement of the moment.

[bitcampaign]

The weekly revenue of casino bookies is fantastic, even profitable in building a gambling business because the profits are extraordinary. That's why casinos remain strong in the gambling industry to this day.

That's why casinos actually drain players, and it's almost impossible for players to gain wealth from casino games because the winnings are so small. I agree with you regarding sportsbooks, because the odds of winning are guaranteed to be 50/50 percent, compared to casinos, which might have an 80/20 percent chance.

They are only profitable because the player, the people, are idiots. The business itself is not necessarily better or worse than some others. For example you could argue that exchanges are much better businesses if operated properly, because they are winning regardless of whether the market conditions are bullish or bearish. In comparison, a casino is always losing when players are winning so they do care about the actual outcomes. Nevertheless, the business is profitable for 2 main reasons: 1) The profit margin is guaranteed, and they always win the in the long run. 2) Most people are at least a little bit out of control, many are completely out of control. Do not underestimate the 2nd point.

It is true, but the casino bookies are not likely to profit from players who lose, in fact, there are not many more who lose than win, even though it can be calculated that only a few people win, but if the second point has already controlled someone then it is all the fault of the player and no longer of casino gambling.

[Frankolala]

Gambling is a long game in that most gamblers aren't just going to gamble one time and then be done.
Casinos know this and they also know in the long game that they will more than likely come out ahead of the gambler.

The hope of hitting the jackpot or the adrenaline rush will always make gamblers continue gambling since they believe they can be lucky someday. I feel if there wasn't the opportunity to make profits in gambling, majority of us wouldn't be gambling because it's not gon be worth doing.