Casinos makes more money not because of house edge.

[Botnake]

Many people say casinos make money because of the house edge, and sure that’s true, but I don’t think that’s the full story.

You know why they really win more, it’s because they understand human behavior. I’m pretty sure most of us can relate to that. The moment we lose control of our emotions, we start chasing losses, and that leads to gambling more than we were supposed to. That becomes extra money for them. So in a way, what really reduces their income is when players stay in control.

And another thing, those near misses, like an almost win, or even small winnings, can push people to gamble even more. Casinos understand how people feel. The system is designed with house edge to beat us in the long run, but there’s another side running at the same time, and that’s the psychological side of it, almost like marketing.

In my view, casinos are not just selling games, they are selling emotional traps wrapped in entertainment.

[Strongkored]

Whatever your opinion, the house edge still plays the biggest role in generating profits for casinos.
If they have a lot of active players but the house edge is very low, even below the average set by other casinos, the profits may not be enough to cover their operating expenses.

[alexrossi]

One thing that is needed to mention is that a lot of times people totally lack of emotional control in managing money. If for instance I’d need 90% of the income to live confortably and there is a 10% spare for gambling or other kind of discretional expenses, why I’d choose to gamble more than the 10%?
If I stay in the budget, I simply can tell to myself that I’ve tried and i have lost, and it’s ok because it was in the budget.

One of my very few explanations of “budget overdraft” is to be able to manage pre-existing debt in a very risky way.

[stadus]

Whatever your opinion, the house edge still plays the biggest role in generating profits for casinos.
If they have a lot of active players but the house edge is very low, even below the average set by other casinos, the profits may not be enough to cover their operating expenses.

Those house edges are already built into the games, and they vary depending on what game you play. The casino’s job is really just to market itself and get gamblers to play there, while the game takes care of the rest by giving that kind of experience people enjoy, which is why they keep coming back.

Take slots for example. Most of us already know the house edge there is high, but a lot of players still choose slots even when there are other games with much lower house edge, or even close to zero. That already tells you that for many gamblers, the experience matters more than the actual chance of winning.

And once you fall in love with a certain game, that’s when it becomes more possible to lose control.

[leea-1334]

OP you really need to understand how industries work

I do agree that addiction is part of it,,, which is becoming a problem of society more and more with online casinos. And how casinos study that and do all kinds of things to make people come back.

But the house edge,,, take that away and people will win more, and statistics will give more wins to people,,, and people will even take advantage of it. Why do you think there are almost no 0 house edge games online?

To put your theory to the test, put a negative house edge and see how your model will bankrupt you

[Findingnemo]

We no need to complicate it, the calculation is simple.

Profits = Total wagered - Payout for wins.

So the casino don't care about user keep coming, I mean they want them to keep gambling but at the payout the house remains profitable just by having more wageres and there can be time the casino pay out from their pockets but it will be compensated when more players lose their money.

[stompix]

Many people say casinos make money because of the house edge, and sure that’s true, but I don’t think that’s the full story.

You know why they really win more, it’s because they understand human behavior. I’m pretty sure most of us can relate to that. The moment we lose control of our emotions, we start chasing losses, and that leads to gambling more than we were supposed to. That becomes extra money for them. So in a way, what really reduces their income is when players stay in control.

This is just stupid!

If a casino had a zero house edge they would not make a penny, that's it!
You could have billions of customers playing like drug addicts 17 hours a day all they money but without a house edge you would not be making one single penny!
Imagine how much money drug dealers would do if they would give five drugs away for free, trillions, right?

Seriously, stop with these cringle like engagment bait topics!

OP you really need to understand how industries work
~
To put your theory to the test, put a negative house edge and see how your model will bankrupt you

He would need money to put that theory to the test; talk is cheap, dirt-cheap!

[bitLeap]

Many people say casinos make money because of the house edge, and sure that’s true, but I don’t think that’s the full story.

You know why they really win more, it’s because they understand human behavior. I’m pretty sure most of us can relate to that. The moment we lose control of our emotions, we start chasing losses, and that leads to gambling more than we were supposed to. That becomes extra money for them. So in a way, what really reduces their income is when players stay in control.

And another thing, those near misses, like an almost win, or even small winnings, can push people to gamble even more. Casinos understand how people feel. The system is designed with house edge to beat us in the long run, but there’s another side running at the same time, and that’s the psychological side of it, almost like marketing.

In my view, casinos are not just selling games, they are selling emotional traps wrapped in entertainment.

It’s absolutely true that the house edge isn’t the main factor behind casinos making more money. But casinos are one of the places where people can give free rein to their emotions and greed, a kind of space that reveals humanity true nature. This cannot be expressed in the real world because it is constrained by social norms, self control, and social image.
I often think that a casino is like a psychological stage designed to provide thrills and illusions, where instinct takes precedence over reason.

[Questat]

It’s absolutely true that the house edge isn’t the main factor behind casinos making more money. But casinos are one of the places where people can give free rein to their emotions and greed, a kind of space that reveals humanity true nature. This cannot be expressed in the real world because it is constrained by social norms, self control, and social image.
I often think that a casino is like a psychological stage designed to provide thrills and illusions, where instinct takes precedence over reason.

The house edge, from the word itself, is just the edge that gives them an advantage. But if people are not playing much, like if the casino has weak marketing, then they still won’t attract enough volume of bettors, and that will limit their income.

That’s why even many casinos that are already popular still keep running promotions and marketing nonstop. They can’t just leave that part alone because that’s what keeps new customers coming in, while also giving old users a reason to stay.

So OP really has a point, especially with the way he used the word "more".

[acroman08]

In my view, casinos are not just selling games, they are selling emotional traps wrapped in entertainment.

That's the whole design of Casinos. Casinos capitalise on human behavior to bring in people and keep them gambling and keep them coming back, but in the end of the day, the casino's house edge is still the one that brings in the profit.

[lodocus]

Casinos may make money because people fall prey to their greed, but that doesn’t change the fact that the house edge is the safety belt. Unlike relying on people’s choices, the house edge guarantees a profit. It is the house edge that ensures a casino makes money even when there are thousands of people who aren’t swayed by greed.

So, you might be right to a certain extent, but it’s very difficult for a casino to stay in business without the house edge. Where the money actually comes from can vary depending on how much revenue the casino generates.

[masulum]

House edge is the casino income, and the games are services provided for gambling. Every bet has a fee, calculated as the house edge. Quite simply, no house edge, no income for the casino. How could they run their services without income?

If a player becomes addicted or gamble emotionally, giving the casino more profit, that is not the casino fault. The gambler has simply lost control. The game UI/UX is just a factor to make users feel comfortable, but the final decision lies with the gambler, not the house edge.

[Agbe]

I don't really understand your message here. Op what are trying to pass here? You are telling us that casinos win because they understand human behaviour. How? So the casino bookmakers and providers have connected their brains to the gamblers both current and prospect gamblers? If you are saying that it is because they understand the gamblers behavior and not really the house edge, then let they free the games like the way we play video games and see if they will win because at that point full skill and strategies will be use. Didn't you see how human beings have been winning computers in video games? Op did you see the online casinos do not allow Players to use their strategies instead hit and play. Op in what way will you win "Click Play" and wait for the outcome game? There is no use of skill from the player's end. And you can only win by luck. And here you are telling us that "Casinos makes more money not because of house edge. " Are you for real?

[cryptoaddictchie]

Many people say casinos make money because of the house edge, and sure that’s true, but I don’t think that’s the full story.

You know why they really win more, it’s because they understand human behavior. I’m pretty sure most of us can relate to that. The moment we lose control of our emotions, we start chasing losses, and that leads to gambling more than we were supposed to. That becomes extra money for them. So in a way, what really reduces their income is when players stay in control.

And another thing, those near misses, like an almost win, or even small winnings, can push people to gamble even more. Casinos understand how people feel. The system is designed with house edge to beat us in the long run, but there’s another side running at the same time, and that’s the psychological side of it, almost like marketing.

In my view, casinos are not just selling games, they are selling emotional traps wrapped in entertainment.

Its likely part true but not totally about it. There are some casino offering 0 house edge but still earn good and has long term position but youre right when you mentioned thay their selling emotional traps. They based their house edge to 0 because they believed they still outrun some users or gamblers in the end. We all know that major users stillnlose of their money at the end of the day and its more casual than some casino with steep house edge percentage.

[Botnake]

Many people say casinos make money because of the house edge, and sure that’s true, but I don’t think that’s the full story.

You know why they really win more, it’s because they understand human behavior. I’m pretty sure most of us can relate to that. The moment we lose control of our emotions, we start chasing losses, and that leads to gambling more than we were supposed to. That becomes extra money for them. So in a way, what really reduces their income is when players stay in control.

This is just stupid!

If a casino had a zero house edge they would not make a penny, that's it!
You could have billions of customers playing like drug addicts 17 hours a day all they money but without a house edge you would not be making one single penny!
Imagine how much money drug dealers would do if they would give five drugs away for free, trillions, right?

Seriously, stop with these cringle like engagment bait topics!

I think you’re not getting it. Like I already mentioned at the start, that’s not the full story.

And this isn’t a stupid thread at all, because it explains how casinos increase their income when some gamblers become reckless and end up gambling more. Are you familiar with why most casinos don’t have clocks inside? That’s part of it too. It’s so gamblers won’t be too aware of the time and will just stay focused on gambling.

Every casino will do everything they can, as long as it’s not illegal, to keep gamblers playing. So if we fall for that, then the problem is really on us too.

You think casinos only make money because of the house edge? Tell me this, if a casino focuses only on promoting low house edge but does not do much on the other side, which is marketing, will it really become that popular? If yes, then I’ll accept that this topic is stupid.


@Agbe, I'm talking about how casinos lure us to gamble more.

[Alpha Marine]

If there were no house edge, a lot of casinos would have shut down. Human behaviour will always make people want to gamble more, but without the house edge, gamblers would win more, and the casinos wouldn't make that much profit. There are different reasons that make players keep playing, but the house edge is what makes the casino always at an advantage.
If it's a sports bet, you are to pick one option out of a series of options and the more likely the option to happen, the smaller the odds.  The same goes for casino games. You pick one option out of many other options. The casinos have all the advantage; they will never put themselves in a situation where they are at a disadvantage.

[KiaKia]

You proved nothing here, the house edge still have a bigger advantage for casinos than anything else, you confirmed it yourself only to ruin it by adding other opinion, house edge has everything to do with human behaviour too.

The system itself monitor you as a gambler then decides to work against you too, unless you get extremely lucky, they need to make money to keep running the casino, it's business all around.

Wherever there is a sign of hope people will swim their, this is the first step that house edge is the true winner, they are selling us the hopium that one day we can really be lucky and win and they are racking in money every day.

[Pandu Geddon]

In my view, casinos are not just selling games, they are selling emotional traps wrapped in entertainment.

Casinos offer games with winning chances if you are lucky, but not necessarily without emotional traps. Like anyone running a business, you certainly need to understand the character and what the market wants. The same applies to the gambling business. No one wants to lose in business, and they design strategies so that the business can be profitable and run in the long term. 
All gamblers must know how to protect themselves from addiction. If you are not emotionally ready, it is better to avoid gambling.

[Agbe]

@Agbe, I'm talking about how casinos lure us to gamble more.

If you are talking about how casinos luring us to continues gambling then you have to change your topic because your topic is talking about how casinos make money without the house edge which is not possible. You can rephrase the topic to "Casinos Make Money Through Gamblers Lose Chasing". Then you can add all what you want but not the house edge. I had done this mistake before and was corrected with mutual understanding. Your topic is not good for those who understand gambling. Please change it.

[stompix]

You think casinos only make money because of the house edge? Tell me this, if a casino focuses only on promoting low house edge but does not do much on the other side, which is marketing, will it really become that popular? If yes, then I’ll accept that this topic is stupid.

Yes, because that's the damn definition of it!
You're asking if a business makes money because of margin ratios!
The house edge is the percentage the house makes on every $1, without a house edge it makes zero!

If I were to buy 1 million ice creams with $1 and sell them for $1 I would have $1 million clients, and I would make ZERO profits!
If I were to buy 2 ice creams for $1 and I would sell each at $5 I would make $8 with 0.0002%of the clients the previous example has!

Seriously, do some math in your head before coming up with this nonsense!
Are you actually gambling? Do you actually know how a casino works?