Casinos makes more money not because of house edge.

[Creeper0]

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

Casinos use emotions as their main weapon. It would not be wrong if I said that casinos make money based on the emotional control of customers. The more customers lose their ability to control their emotions, the more money the casino will make. If all gamblers learned to control their emotions, the casino's income would almost stop. So they let the gamblers close to winning to keep them active in the casino, the gamblers start thinking that they almost won and they start gambling actively again.

[Furball808]

No matter how small or big the house edge is, it’s the reason why casinos profit. If a gambler loses control then the house edge will accumulate for every game he plays making the casino profit. A lot of businesses have psychological analyses that would design something that would hook people in and never let go.

[Makus]

casinos make more money because the game was designed that way and there is one thing that gamblers fail to understand, if you are a constant gambler the chances of winning are going to be very low because if you win you are going to give that same amount back to the casino and you might end up losing more than what you won. House edge is one factor why casinos make more and gambling has more losers, The casinos use the greed of gamblers against them, a lot of gamblers always fall fotr these psychological games of the casino.

[PX-Z]

Of course, any gamblers knows it, tell it to those who keep lossing when they deposit. As for the gamblers its not the house edge  deduction anymore its the total wins after gambling which always end up to lossing all the bank rolls. The games and the logic of the casino software is designed to make them profit. That's why they end up investigating the very luck ones who end up winning huge and sometimes make their very own way to recovering those or not letting the user withdraw those funds lol

[LastKiss]

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

Human emotions are very vulnerable so it’s no wonder that many marketing strategies target them. We tend to love bonuses when we gamble, the sound of winning, the simple process of playing on a platform, along with promotions and rewards, etc. All of this can lead to gambling addiction. As you said, in the long run we are likely to lose money because the house edge always plays a role in casino profits. Gambling platforms aim to keep users playing longer and one way they do that is by influencing and controlling our emotions.

[bitcoindusts]

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.

True that, casino edge generate profit but it does not generate profit as huge as gamblers losing his bankroll.  Just imagine a 4% house edge against 100% gambler's bankroll loses, which one is higher?  I agree with @OP that the bread and butter of the casino is not the house edge but rather the psychological trap laid around the games in the platform. 

The near miss played the crucial part, this makes the gambler triggered and most of gamblers lose control experiencing this.

So I will say the house edge is like a trap to attract gamblers to keep on chasing the bag or loses till they have nothing to gamble again. All this strategy are what makes up the house edge. Or do you think there is anything different from this?

I think otherwise, it is not the house edge that acts as a trap, house edge as we know,  is a mathematical concept that presents that the casino will win in the long run, while psychological traps like near misses are game designed to trigger the emotion of the gambler. 

[Suleiman the Magnificent]

Casinos sell people feelings that are nearly impossible to experience in everyday life or in other words, they enable people to feel those emotions. Because of this, it's only natural that casinos have the upper hand. The casino has no feelings and continues to operate according to a fixed system. But humans are not like that. When they win, they keep playing thinking "why not win even more?" and when they lose, they keep playing in order to relive the feelings they had when they were winning. So in both cases, they continue playing until they've handed over all their money to the casino.

[davis196]

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.

I remember watching some video on Youtube, where the author explained that gambling has negative expected value for the gambler even without a house edge. I don't know if this true, though. I've always wondered why the casinos, that are being advertised as "zero house edge" can't "steal" all the active gamblers from the casinos, that have a house edge. Maybe most of the gamblers simply don't care about the casino having house edge or not. OP, you are suggesting that most casino games are being rigged in a way, that could lead to higher levels of gambling addiction. This can be true, but there's not enough evidence to prove such claim. I'm sure that many gamblers can get addicted without the casino games being actually rigged/manipulated.

[Free Market Capitalist]

The OP is right. The house edge is just one—albeit very important—part of the equation; the other part is the psychological aspect. This is especially evident in slot machines, which are designed down to the smallest detail to encourage players to keep spinning, one spin after another.

Casinos sell people feelings that are nearly impossible to experience in everyday life or in other words, they enable people to feel those emotions.

Well, as for the idea that it's nearly impossible—I'd say that's mostly how people who have a shitty life feel and who (mistakenly) see casinos and gambling as a way out.

[Samlucky O]

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.

we cant still deny the fact that house edge is a major factor here. in fact it is the main reason why gamblers lose. the house edge is like an algorithm that is calculated and produced in odd or multipliers just to beat us, getting this odds wright to win is very difficult and this is the main reason why gamblers lose often an on trying to get it wright, in this process emotion is attached and they lose. the casino knows the mind game that is why people lose to them. if not so why then does the casino makes more money? if not so why dont the system made it to be more easy to predict and win, and of course they will lose.

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.

i dont know how you feel about it, but all those near miss are caused by the odd that makes it difficult to win, and odd is the house edge that is designed to beat us, so what are we saying in essence?

[Outhue]

For the house it's always about profits, who dares run a business in loss? Casinos are no less so your theory about house edge not the main reason why they make money is wrong, it is the main reason why they did make money, the probably fair tale that we've been told is still more favourable for the house than the gamblers.

Casino business has to remain profitable, even the game providers understand this, and if casino business isn't profitable even the game providers will starve, let this sink in, it is all business and it will always be about profitability.

[impulse709]

casinos make more money because the game was designed that way and there is one thing that gamblers fail to understand, if you are a constant gambler the chances of winning are going to be very low because if you win you are going to give that same amount back to the casino and you might end up losing more than what you won. House edge is one factor why casinos make more and gambling has more losers, The casinos use the greed of gamblers against them, a lot of gamblers always fall fotr these psychological games of the casino.

This is a good point, but not totally independent of the house edge. That inherent advantage is highly connected both with the design of games and with the behavior of players. The house advantage is what ensures profitability in the long-term, whereas the players remain longer and take more risks due to the psychological factor and the design of the game. Most gamblers eventually win something but the habitual play usually causes them to repay the wins, even to a greater extent. It is actually a mix of the two, mathematics guarantees the advantage and human behavior allows casinos to maximize the advantage in the long term.

[Fivestar4everMVP]

For the house it's always about profits, who dares run a business in loss? Casinos are no less so your theory about house edge not the main reason why they make money is wrong, it is the main reason why they did make money, the probably fair tale that we've been told is still more favourable for the house than the gamblers.

Casino business has to remain profitable, even the game providers understand this, and if casino business isn't profitable even the game providers will starve, let this sink in, it is all business and it will always be about profitability.

You are absolutely right, and in my previous comment on this thread, I did analyzed how I personally think the provably fair system and the casino house edge works, let me say that again..

Normally, a game provider can build a game and make it a 50% chance of win and 50% chance of losing, make the game indeed a provably fair game, but immediately it hits the casino, the casino's house edge get inline and the game automatically favors the casino more than it does the players, the game itself is still provably fair at 50/50 chance of losing and winning, but the house edge of the casino easily turns that into 10% chance of winning and 90% chance of losing. While for the casino, it's 10% chance of losing and 90% chance of winning..
This is why we see that in luck based games gamblers are mostly losing while the casino is winning.

[junder]

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.

The main point is that casinos prioritize profit  and when players lose self control and gamble more than they should or excessively it’s a double win for the casino. On the other hand even those who gamble with good self-control will still suffer losses, because gambling offers no certainty of winning, but the certainty of losing is a given.

[ColdLava40]

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.

I'll just say it's a combination of both house edge and gambler emotions.

It's simply why, if emotional control was the only reason behind gambling losses, then I'm 100% sure we should have gambling school by now. A place created for gamblers to learn emotional control.

But then it's not as even if you are able to control your emotions, it will only keep you long enough not eliminate your losses. House edge effect will still take it's place. You just have to hope on luck, stay in control, manage your risk properly and avoid letting wins getting into your heads.

[leea-1334]

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!

I would even say, he would need to be an active crypto gambler Loads of people on this forum just making a lot of assertions and having no qualifications or experience to do so  

If OP is more right than wrong, somebody needs to tell the crypto casinos on this forum who bankrupted or scammed that they should have raised their house edge to postive for the players  

[giammangiato]

When we say the house always wins it's a fact, no outsider is in charge in your house right?
In any casino we are guests, they allow us to play, but everything has a price.
Knowing how to discern what to do and what not to do is the key, but the casino that is physical, that is online always makes money from it, otherwise it could close instantly.
Obviously they control people's behavior, they play a lot on the psychological factor, it's called marketing strategy, everyone does it especially with advertisements in any sector not just gambling.

[Anayochukwu]

casinos make more money because the game was designed that way and there is one thing that gamblers fail to understand, if you are a constant gambler the chances of winning are going to be very low because if you win you are going to give that same amount back to the casino and you might end up losing more than what you won. House edge is one factor why casinos make more and gambling has more losers, The casinos use the greed of gamblers against them, a lot of gamblers always fall fotr these psychological games of the casino.

That is one thing most gamblers fail to understand, as a regular gambler you need to have a self control and know when to stop because without that the casino would be making more money from you. Because the more you are winning without knowing when to stop that is how everything will turn against you and most of the time you wouldn't know how it goes because they always want gamblers to lose but when you are just gambling for fun without greed you are going to do it correctly without losing much.

[Agbe]

When we say the house always wins it's a fact, no outsider is in charge in your house right?
In any casino we are guests, they allow us to play, but everything has a price.
Knowing how to discern what to do and what not to do is the key, but the casino that is physical, that is online always makes money from it, otherwise it could close instantly.
Obviously they control people's behavior, they play a lot on the psychological factor, it's called marketing strategy, everyone does it especially with advertisements in any sector not just gambling.

To some extent, I understand what the op is trying to say here. He is concerned about the continues gambling of the gambler and which making the gambler to loss money and making the casino to benefit/gaining more from the gambler. We all know that casinos make money from our continues gambling but the house edge is the major thing that is draining us.

[Marvelockg]

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.

Well, as much as the casino understand humans tendency, as a gambler, Yiu should also know yourself and understand what's your limit don't end up being taking advantage of by a system that's already created and fact is that the gambler is already at a disadvantage because he's playing against a system that's designed to generate revenue for the casino and not the gambler. Excuse or what will look like a shift of responsibility doesn't in any way favour any gambler. You just have to face the reality that you're the one in charge of whatever outcome You're to eventually deal . Everywhere seems to take gambling as fun and so there's no point putting any form of blame on the casino since they are even at an advantage.