Casinos makes more money not because of house edge.

[LUCKMCFLY]

The main edge that the casino have over the gamblers is the ability to keep the gamblers attitude in check, when a gambler losses quite a huge amount of money in gambling, the tendencies that the gambler may continue to engage in continuous betting is very high and I believe the casino operators are aware of this and tend to take advantage of the gambler's ignorance by ensuring that the gambler faces more unfavorable odds in a bid to keep them playing until the gambler loses more and win less than he expects, but the gambler rarely recognises this fact.

Yes, there's no doubt about that, that's why you have to control the money you're willing to lose. If you do that, you minimize that huge risk. Now, the house edge is a parameter established by the casino; they're the only ones who base it on something that's globally accepted because it's the way they maintain their business in the industry. A player must understand that and know what challenges they face.

[STT]

The funny thing with gambling is that as emotional as it might be for the players, it is also a maths problem and its been part of studies for centuries on that basis.   The house edge is why casino or other operations profit, you can suppose they might do other measures but the largest reason is the edge.  The more revenue through the game, the greater the profits is a basic rule thats worked forever.

[qwertyup23]

Actually, casinos do make more money due to the presence of house edge. Statistically speaking, they are positioned to earn more in the process and have the advantage on the long-term as evidenced by the numbers itself.

While this may be true, another factor that makes casinos very profitable is its dynamics. Once you enter the gambling scene, it would be significantly difficult for you to leave especially if you experienced winning. You may win now, attempt once again to try that luck, fail, and repeat that whole process which makes it an endless loop.

The funny thing with gambling is that as emotional as it might be for the players, it is also a maths problem and its been part of studies for centuries on that basis.   The house edge is why casino or other operations profit, you can suppose they might do other measures but the largest reason is the edge.  The more revenue through the game, the greater the profits is a basic rule thats worked forever.

I definitely agree with you.

At the end of the day, the math just works in favor of gambling establishments. Without the presence of house edge, I doubt that gambling companies would last. There’s also a reason on why gambling is responsible for bringing tons of revenues to the government by way of taxes at least.

[Onyeeze]

Peoples desire to win more, means that in gambling you should be losing and even if you do get lucky and win then you would put that winnings into the betting as well and keep betting more and more and more until you start to lose and many people do that. We should be considering how this could be very different situation if you are not careful and there are many people who end up with mistakes as well.

We should be considering how these could be something that would be very difficult and dangerous and be a bit different in that sense. I would say the best you could do in gambling would be limit yourself to certain amount, and if you lose that then stop and give a break, so you do not chase that type of loss and lose even more.

do you know that there are some certain things that we need to know from gambling, one thing is that to wish not to gamble as a do and die affairs, because in gambling there are things that you need to know one thing is that don't be greedy when participating in gambling, second thing is that we shouldn't Gamble with what we cannot afford to lose and they will also know that losing in gambling is like a culture because you don't know exactly what will you be outcome of it, so in gambling what is the least most is arrangement and also do not blame anybody if you lose from gambling that come keep away the chances of you winning from gambling

[justdimin]

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.

As long as people are careless, we are going to end up with many more people who will end up with many more mistakes. We should not be considering how this could be different on the long run, it should be same and we should consider this as something that would make a lot more sense. It shouldn't be that tough, there are a lot of people who will do the same thing over and over again.

I think that we are not going to end up with that much trouble when it comes to how to do something that would be different, because these gamblers all think that "next one should be win" for every bet they make. I always agree that casinos are making money just because of false understanding of gamblers about gambling and nothing else.

[cryptomaniac_xxx]

The funny thing with gambling is that as emotional as it might be for the players, it is also a maths problem and its been part of studies for centuries on that basis.   The house edge is why casino or other operations profit, you can suppose they might do other measures but the largest reason is the edge.  The more revenue through the game, the greater the profits is a basic rule thats worked forever.

That is the basic for casinos, they will always had the house edge no matter what kind of game you are going to play. But the thing is that gamblers thought that we have total control, that is the illusion that we want to portray, but it's not. Maybe in just a couple of games you thought that you have broken the code or something. But as the game goes by, you will see that it's the law of numbers.

Sooner or later it will caught on you and it's going to be very hard to recover from it. And on the contrary, your decisions are clouded that you want to deposit again and try to recover what you have thought is your winning money and then the cycle repeats again and again.

[Royal Cap]

Peoples desire to win more, means that in gambling you should be losing and even if you do get lucky and win then you would put that winnings into the betting as well and keep betting more and more and more until you start to lose and many people do that. We should be considering how this could be very different situation if you are not careful and there are many people who end up with mistakes as well.

We should be considering how these could be something that would be very difficult and dangerous and be a bit different in that sense. I would say the best you could do in gambling would be limit yourself to certain amount, and if you lose that then stop and give a break, so you do not chase that type of loss and lose even more.

But the real problem is not just greed, but the let’s play again mentality. People think this time will be different, so they don’t stop even if they win and they don’t stop even if they lose. This small thought gradually leads to big losses. Also many people who can’t get out even after winning $100, and later lose everything. In fact if they decide at the beginning where to stop then they have some control, Otherwise the line between winning and losing blurs very quickly.

[xenomorfo]

Although most people think that casinos get profits through the house edge, the conduct of players is more significant. As noted, emotions tend to prevail over the logic and players tend to violate their own rules particularly in pursuit of losses or when they feel like they are on the verge of victory. Casinos are created to stimulate such emotions with ambiance and payoffs, inspiring spontaneous choices. The house advantage ensures profit in the long run, and emotional gambling drastically accelerates losses. In practice, it is not easy to keep discipline and knowing what triggers your emotions is as important as knowing the odds.

Exactly, obviously like everything guys.
Even the supermarket, my friends, is designed to force you to buy according to your gut, without talking about the food labels, the children's foods are bright and multicolored to attract the children's attention, not by chance.

[Fredomago]

The main edge that the casino have over the gamblers is the ability to keep the gamblers attitude in check, when a gambler losses quite a huge amount of money in gambling, the tendencies that the gambler may continue to engage in continuous betting is very high and I believe the casino operators are aware of this and tend to take advantage of the gambler's ignorance by ensuring that the gambler faces more unfavorable odds in a bid to keep them playing until the gambler loses more and win less than he expects, but the gambler rarely recognises this fact.

Yes, there's no doubt about that, that's why you have to control the money you're willing to lose. If you do that, you minimize that huge risk. Now, the house edge is a parameter established by the casino; they're the only ones who base it on something that's globally accepted because it's the way they maintain their business in the industry. A player must understand that and know what challenges they face.

Such emotions needs to be facilatated carefully, as both of you said if you lose your temper you may lose more than what you can afford to let go, and it will be a never ending chase and for sure if same outcome happens then the house will surely wins against you, it's very important to use the amount that you are willing to let go, as the pressure to bet back is not needed, casino have that edge against the gamblers though it's not the main source of profits but the actual losses that gamblers brings to the house is where casino owners are really gaining a lot.

[Lida93]

The main edge that the casino have over the gamblers is the ability to keep the gamblers attitude in check, when a gambler losses quite a huge amount of money in gambling, the tendencies that the gambler may continue to engage in continuous betting is very high and I believe the casino operators are aware of this and tend to take advantage of the gambler's ignorance by ensuring that the gambler faces more unfavorable odds in a bid to keep them playing until the gambler loses more and win less than he expects, but the gambler rarely recognises this fact.

Yes, there's no doubt about that, that's why you have to control the money you're willing to lose. If you do that, you minimize that huge risk. Now, the house edge is a parameter established by the casino; they're the only ones who base it on something that's globally accepted because it's the way they maintain their business in the industry. A player must understand that and know what challenges they face.

Having that self control should be what every gambler should endeavour to strive towards having and being able to exercise it when gambling and considering that there's a house edge the gambler wouldn't stress on pressing further when he's not in lucky winning against the house. I actually think on the other hand that without the house edge the gambling platforms wouldn't have being able to stay in business for long going by how gambler are really doing just everything to beat the house.

[LUCKMCFLY]

Those who think they can beat the casino certainly have a strong desire to win, but that is not a good thing because no player can beat the casino no matter how good their skills and strategies are the casino will still be stronger, so as you said, it is impossible.

Yes, to avoid these kinds of thoughts, it's necessary for the novice player to have this knowledge before entering the gambling world so they don't suffer such hard blows. Things aren't so easy; the casino isn't an ATM. That's why we are thinking people, because we learn and accept, and we take risks, but not to the point of being wronged or risking friendships, family, assets, among other things.

[DrBeer]

The funny thing with gambling is that as emotional as it might be for the players, it is also a maths problem and its been part of studies for centuries on that basis.   The house edge is why casino or other operations profit, you can suppose they might do other measures but the largest reason is the edge.  The more revenue through the game, the greater the profits is a basic rule thats worked forever.

No need to look for a complicated explanation here
Casinos use basic probability theory (we’re not talking about casinos that behave blatantly dishonestly), and it states that a player’s probability of winning isn’t exactly zero, but it’s several orders of magnitude lower than the casino’s chance of winning-as a system that accepts bets on the probability of an event. It’s “simple math,” nothing more! That’s exactly why casinos don’t offer games based not only on probability theory but also on other mechanisms that give players a higher chance of winning.

[LUCKMCFLY]

Such emotions needs to be facilatated carefully, as both of you said if you lose your temper you may lose more than what you can afford to let go, and it will be a never ending chase and for sure if same outcome happens then the house will surely wins against you, it's very important to use the amount that you are willing to let go, as the pressure to bet back is not needed, casino have that edge against the gamblers though it's not the main source of profits but the actual losses that gamblers brings to the house is where casino owners are really gaining a lot.

And it usually happens because things like that have happened to me, I don't know if it's happened to everyone, but what bad experiences! The good thing about those kinds of experiences is that they create a bond of not making or repeating those mistakes. That's something we must learn, because there are players who don't learn even then, and that's really sad because they never stop losing money. The bad thing is that they bet a lot of money and sometimes they don't have control.

[TheUltraElite]

Yes, to avoid these kinds of thoughts, it's necessary for the novice player to have this knowledge before entering the gambling world so they don't suffer such hard blows.

New players will have less knowledge so they will start playing and lose and become a part of the vicious cycle. A little experience players will have understood this over time but still be in denial that they have been losing all the while. Veteran gamblers who have accepted their losses will move on. End of the day, the casino will have made money, the players would have lost their hard earned money and the casino will continue to run nicely.

Things aren't so easy; the casino isn't an ATM. That's why we are thinking people, because we learn and accept, and we take risks, but not to the point of being wronged or risking friendships, family, assets, among other things.

There should be a limit that one places on gambling budget and time when they are starting to gamble. Without moderation this will lead to addiction and much problems in life, family and assets.

Limit yourself to playing for a fun activity, no more than that.

[Mandoy]

The main edge that the casino have over the gamblers is the ability to keep the gamblers attitude in check, when a gambler losses quite a huge amount of money in gambling, the tendencies that the gambler may continue to engage in continuous betting is very high and I believe the casino operators are aware of this and tend to take advantage of the gambler's ignorance by ensuring that the gambler faces more unfavorable odds in a bid to keep them playing until the gambler loses more and win less than he expects, but the gambler rarely recognises this fact.

Yes, there's no doubt about that, that's why you have to control the money you're willing to lose. If you do that, you minimize that huge risk. Now, the house edge is a parameter established by the casino; they're the only ones who base it on something that's globally accepted because it's the way they maintain their business in the industry. A player must understand that and know what challenges they face.

Such emotions needs to be facilatated carefully, as both of you said if you lose your temper you may lose more than what you can afford to let go, and it will be a never ending chase and for sure if same outcome happens then the house will surely wins against you, it's very important to use the amount that you are willing to let go, as the pressure to bet back is not needed, casino have that edge against the gamblers though it's not the main source of profits but the actual losses that gamblers brings to the house is where casino owners are really gaining a lot.

I agree that casinos profit more from their customers' actions than the house edge. The house edge is the mathematical edge the casino has in each game, but the casino makes more money when people gamble beyond their means and emotionally chase their losses. Most players are aware of the risks, but following a bad losing streak they get emotional and are more likely to place bigger bets. This is the casino's greatest advantage over the house edge percentage. This is why better bankroll management and discipline are more important than attempting to "beat" the casino, because once the emotions kick in the casino wins more money.

[junder]

But the real problem is not just greed, but the let’s play again mentality. People think this time will be different, so they don’t stop even if they win and they don’t stop even if they lose. This small thought gradually leads to big losses. Also many people who can’t get out even after winning $100, and later lose everything. In fact if they decide at the beginning where to stop then they have some control, Otherwise the line between winning and losing blurs very quickly.

Specifically, the thought "maybe I'll bet again" is something I think is quite common among people who have gambled. This can happen when you're losing, but it can also happen when you win.

I agree with you, small thoughts like this can become bad habits that lead to significant losses and I suspect some perhaps even many, people fall into this trap.

[LogitechMouse]

---
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.

In short, they're playing with gamblers feeling and emotions and that's where they're making money.
What's the solution? Learn to control your emotions.

Sounds easy, right? Yes, it's easy for me to say it because I can control my emotions when it comes to gambling and I'm not overspending on it as well. Unfortunately, there are many gamblers who can't do the same thing for various reasons, and that's why casino owners are making money overtime. Did we see a gambling either online or physical who got bankrupt? I mean I haven't seen one, but I'll not be surprised if there are a few. Bottomline is that, casino wins in the long term because gamblers can't handle their emotions, so as gamblers, the best thing that we can do is to control our emotions.

Just to add to what you said, look at those slots as well on different casinos. They're adding colorful effects and at the same time, good background music for the gamblers to stay and gamble. That's called psychology.

[drangos]

The main edge that the casino have over the gamblers is the ability to keep the gamblers attitude in check, when a gambler losses quite a huge amount of money in gambling, the tendencies that the gambler may continue to engage in continuous betting is very high and I believe the casino operators are aware of this and tend to take advantage of the gambler's ignorance by ensuring that the gambler faces more unfavorable odds in a bid to keep them playing until the gambler loses more and win less than he expects, but the gambler rarely recognises this fact.

Yes, there's no doubt about that, that's why you have to control the money you're willing to lose. If you do that, you minimize that huge risk. Now, the house edge is a parameter established by the casino; they're the only ones who base it on something that's globally accepted because it's the way they maintain their business in the industry. A player must understand that and know what challenges they face.

Having that self control should be what every gambler should endeavour to strive towards having and being able to exercise it when gambling and considering that there's a house edge the gambler wouldn't stress on pressing further when he's not in lucky winning against the house. I actually think on the other hand that without the house edge the gambling platforms wouldn't have being able to stay in business for long going by how gambler are really doing just everything to beat the house.

I also concur that casinos rake in more cash not only due to the house advantage. but also because most gamblers do not control their emotions or their bankroll. That house advantage is always there but greater losses tend to occur when the player continues to chase losses and will not stop at the appropriate time. As soon as frustration and greed are in control, discipline is lost and this works even better to the advantage of the casino. Proper bankroll management and self-control are crucial. With no boundaries a slight house side can cause some huge losses in the long run.

[lombok]

The main edge that the casino have over the gamblers is the ability to keep the gamblers attitude in check, when a gambler losses quite a huge amount of money in gambling, the tendencies that the gambler may continue to engage in continuous betting is very high and I believe the casino operators are aware of this and tend to take advantage of the gambler's ignorance by ensuring that the gambler faces more unfavorable odds in a bid to keep them playing until the gambler loses more and win less than he expects, but the gambler rarely recognises this fact.

Yes, there's no doubt about that, that's why you have to control the money you're willing to lose. If you do that, you minimize that huge risk. Now, the house edge is a parameter established by the casino; they're the only ones who base it on something that's globally accepted because it's the way they maintain their business in the industry. A player must understand that and know what challenges they face.

Having that self control should be what every gambler should endeavour to strive towards having and being able to exercise it when gambling and considering that there's a house edge the gambler wouldn't stress on pressing further when he's not in lucky winning against the house. I actually think on the other hand that without the house edge the gambling platforms wouldn't have being able to stay in business for long going by how gambler are really doing just everything to beat the house.

I also concur that casinos rake in more cash not only due to the house advantage. but also because most gamblers do not control their emotions or their bankroll. That house advantage is always there but greater losses tend to occur when the player continues to chase losses and will not stop at the appropriate time. As soon as frustration and greed are in control, discipline is lost and this works even better to the advantage of the casino. Proper bankroll management and self-control are crucial. With no boundaries a slight house side can cause some huge losses in the long run.

Casinos do make plenty of money when will power starts to falter and emotions become the main make decision . One of the main reason of the loss of amassed savings is usually the hope that the lost money can be recovered very soon. Indeed, it is a discipline in keeping the boundaries to not fall further into further losses. A little chance, in mismanagement, may become fatal, and will be sorely felt hereafter.

[impulse709]

The main edge that the casino have over the gamblers is the ability to keep the gamblers attitude in check, when a gambler losses quite a huge amount of money in gambling, the tendencies that the gambler may continue to engage in continuous betting is very high and I believe the casino operators are aware of this and tend to take advantage of the gambler's ignorance by ensuring that the gambler faces more unfavorable odds in a bid to keep them playing until the gambler loses more and win less than he expects, but the gambler rarely recognises this fact.

Yes, there's no doubt about that, that's why you have to control the money you're willing to lose. If you do that, you minimize that huge risk. Now, the house edge is a parameter established by the casino; they're the only ones who base it on something that's globally accepted because it's the way they maintain their business in the industry. A player must understand that and know what challenges they face.

I agree with you that casinos make more profit not just because of the house edge. but also due to the fact that players cannot control their emotions. When getting a big hit some players seek to reverse the losses by taking more risks. and that is where the casino makes most of the money. The house edge will be the same. but losses will come sooner. That's why discipline is crucial. Disciplined and objective play by setting limits and taking losses. will help the gambler maintain his or her bankroll rather than be taken for a ride by the casino.