Casinos makes more money not because of house edge.

[alastantiger]

We all fall for this.
The almost near miss is what makes us want to gamble more. We can't accept that near miss isn't going to just pass.
But we're going to try to prove ourselves that we're actually going to hit it and so we won't miss it.
The impact of it to the gamblers is very big if they don't know how to maintain their emotional being when they gamble.
Few near misses and they're already emotional and triggered and that could lead them in gambling more than they can afford to lose.

Casinos know that their customers are always eager to make more profit hence they do all different kind of things just to make sure they can make money from their customers.They don't necessarily have to have the edge for them to win in games they just need you to gamble more so that they can make lots of profit from the losses that you have because if you decide to gamble multiple times they are high chances that you will lose more times than you will win. People are always attached to the near target syndrome, they expect that they are going to win their next game if they just try a little bit more but this does not come to reality because it does not matter how many times you try, the chances of you losing is still higher but still you can have a little bit of luck. If you calculate how much you invested into the game to play and the profit you made at times it is not necessarily worth it but people don't realise but all they want is that they have fulfilled their ego and they have won their games.

[TopT3ns]

We all fall for this.
The almost near miss is what makes us want to gamble more. We can't accept that near miss isn't going to just pass.
But we're going to try to prove ourselves that we're actually going to hit it and so we won't miss it.
The impact of it to the gamblers is very big if they don't know how to maintain their emotional being when they gamble.
Few near misses and they're already emotional and triggered and that could lead them in gambling more than they can afford to lose.

Casinos know that their customers are always eager to make more profit hence they do all different kind of things just to make sure they can make money from their customers.They don't necessarily have to have the edge for them to win in games they just need you to gamble more so that they can make lots of profit from the losses that you have because if you decide to gamble multiple times they are high chances that you will lose more times than you will win. People are always attached to the near target syndrome, they expect that they are going to win their next game if they just try a little bit more but this does not come to reality because it does not matter how many times you try, the chances of you losing is still higher but still you can have a little bit of luck. If you calculate how much you invested into the game to play and the profit you made at times it is not necessarily worth it but people don't realise but all they want is that they have fulfilled their ego and they have won their games.

Gambling establishments are planned so that they can generate interests among clients to keep revisiting the place almost all the time despite the thinness of chances to win which are quite unattainable. The urge to pursue another victory may easily disinform the mind to spend a lot more money. The fact is that an ego of always being a winner can be the cause of disproportionate loss that may in fact be less than the results achieved. You can save yourself this trouble of exhausting your resources of worthless pursuits which may be enjoyed here and now before you find that much of what you spend on them is wasted.

[nara1892]

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.

That's right, in fact, I think that the behavior of gamblers like that is what makes casinos gain more profits than they initially targeted, I have witnessed and even felt for myself how terrible gambling activities are when emotions have taken control of oneself because of the inability to accept defeat, as you said that this is the reason why discipline is very important and I will add that this is also the reason why responsibility is very important in gambling because in most cases it is usually the inability to accept defeat that causes bigger problems.

[DrBeer]

---
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.
....

Everything around us is built on our emotions, tastes, addictions, and desires
Food-the desire to feel full or to eat something delicious!
Clothing-we have to keep up with fashion and look better than others!
Alcohol, tobacco, and the like-these are our weaknesses that we “can afford”
In fact, everything around us is either the satisfaction of our emotions or the opportunity to experience new ones...

[Dr.Bitcoin_Strange]

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.

It's actually the best thing a gambler can do for themselves if they don't want to lose more than they can handle, OP is saying that casino make more money not because of house edge but that's a false information, the casino does make more money because of the house edge because by the time a gambler keeps playing, the house edge is still there to make them continue losing. So, the best decision is the one you gave, let a player take brake when necessary.

[sompitonov]

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.

It's actually the best thing a gambler can do for themselves if they don't want to lose more than they can handle, OP is saying that casino make more money not because of house edge but that's a false information, the casino does make more money because of the house edge because by the time a gambler keeps playing, the house edge is still there to make them continue losing. So, the best decision is the one you gave, let a player take brake when necessary.

I've been thinking for a long time about something more than just gambling and getting me emotional, so I'd chase losses or dream of winning more. I've often wondered how casinos plan to maximize profits, since they're businesses that need cash flow. So I came to the conclusion that they need players who spend more and do it in a short period of time, without strategy, without emotional control, and so on. I decided to build my strategy around improving these aspects, and for now, I think this is a good option.

[LUCKMCFLY]

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.

There's no doubt about it, each of us, when we start any activity, often does it by instinct and because we think we know what we know. Many don't even like to hear or see advice. Who wins, undoubtedly? The casino. The player realizes and understands that the system is sustained by the house advantage. There's nothing better than playing with money you're willing to lose so that things don't get out of control and, obviously, you maintain selfcontrol.

[ChocolateBitcoinK]

While casinos do make money from their house edge there are also other ways they make their money.
They know that most gamblers aren't going to only make one deposit; the term "chasing" is prevalent in gambling and casinos know this.

A really deep issue, due to the behavioral problem of gambling, a gambler is constantly involved in it, it can be said that a gambler is addicted to excessive gambling due to his own ignorance, greed and emotions, and by using this opportunity, the casino house starts earning more easily. Most gamblers in gambling are unconscious, greedy and irresponsible, very few gamblers can be responsible for themselves, and this is why the possibility of addiction is high in most cases in gambling and most gamblers lose everything from it.

[Odusko]

I would say the best thing you could do in gambling is to limit yourself to a certain amount, and if you lose that, then stop and take a break, so you do not chase that type of loss and lose even more.

It's actually the best thing a gambler can do for themselves if they don't want to lose more than they can handle, OP is saying that casino make more money not because of house edge but that's a false information, the casino does make more money because of the house edge because by the time a gambler keeps playing, the house edge is still there to make them continue losing. So, the best decision is the one you gave; let a player take a break when necessary.

The ops may have a misconception about revenue generation and it channels in casinos and as a matters of time saving, what is really our business with how casinos makes their money since we are not experts or have interest in starting up a casinos any time soon, because as ling as we know their make money from the loses incured by gambler's although there are other ways that casino make money too.

[Wakate]

While casinos do make money from their house edge there are also other ways they make their money.
They know that most gamblers aren't going to only make one deposit; the term "chasing" is prevalent in gambling and casinos know this.

A really deep issue, due to the behavioral problem of gambling, a gambler is constantly involved in it, it can be said that a gambler is addicted to excessive gambling due to his own ignorance, greed and emotions, and by using this opportunity, the casino house starts earning more easily. Most gamblers in gambling are unconscious, greedy and irresponsible, very few gamblers can be responsible for themselves, and this is why the possibility of addiction is high in most cases in gambling and most gamblers lose everything from it.

There are gamblers that are going through problems and you might not really know what could be there problem if you don't go close to them to know how they are feeling. Losing bets several times can be quite devastating to someone that have been struggling to make profits from betting but not seeing any result. Gamblers should not always be available or open to bet when the time spent on gambling can be use for some other things.

[Fivestar4everMVP]

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.

It's actually the best thing a gambler can do for themselves if they don't want to lose more than they can handle, OP is saying that casino make more money not because of house edge but that's a false information, the casino does make more money because of the house edge because by the time a gambler keeps playing, the house edge is still there to make them continue losing. So, the best decision is the one you gave, let a player take brake when necessary.

It's not just about taking a break when necessary, but also very important we watch and keep track of how much we are spending on gambling and possibly losing, because the first way to a comfortable life even as a gambler is to ensure that we are not spending of risking far more than we can afford to lose in gambling because this is often the genesis of all the gambling issues/problems we see around.

So, even if a person is going to be gambling every day, if he or she will ensure that he or she is making money also every day and the amount he or she spends on gambling each day is absolutely insignificant compared to how much the person makes per day, then this is good, because on the other hand, let's not forget that the more we spend time in gambling, the higher our chances of winning because no body can tell when their luck will come,, if your luck comes when you are not gambling or don't have any bet placed, you miss.

[Orpichukwu]

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.

Emotional control is one hard thing gamblers are facing when it comes to their gambling life. If they could be able to control themselves and not allow their winning or losing to affect how they react to their next game, it will make a whole lot of sense and reduce some sort of reckless decision some make, but here once the losing starts coming, the next thing that rings in some players' heads is to increase their shaking power, thinking that could help them recover faster, forgetting the fact that it could also lead to losing more money faster.

[Accardo]

Emotional control is one hard thing gamblers are facing when it comes to their gambling life. If they could be able to control themselves and not allow their winning or losing to affect how they react to their next game, it will make a whole lot of sense and reduce some sort of reckless decision some make, but here once the losing starts coming, the next thing that rings in some players' heads is to increase their shaking power, thinking that could help them recover faster, forgetting the fact that it could also lead to losing more money faster.

Players get along with the house on winning days, but tries to go round one last time whenever the losses begins to resurface, the pendulum never stops moving and it's like physics, the house makes the moves, while the players are bystanders or followers who have no say about the direction of the pendulum bob.

[rachael9385]

Emotional control is one hard thing gamblers are facing when it comes to their gambling life. If they could be able to control themselves and not allow their winning or losing to affect how they react to their next game, it will make a whole lot of sense and reduce some sort of reckless decision some make, but here once the losing starts coming, the next thing that rings in some players' heads is to increase their shaking power, thinking that could help them recover faster, forgetting the fact that it could also lead to losing more money faster.

Players get along with the house on winning days, but tries to go round one last time whenever the losses begins to resurface, the pendulum never stops moving and it's like physics, the house makes the moves, while the players are bystanders or followers who have no say about the direction of the pendulum bob.

This seems to be a constant thing with a lot of gamblers and they don't seem to learn from their mistakes, it is a very bad idea to consider going on last round after losing because that might end up becoming a cycle that would lead to losses, chasing losses isn't really worth it.

[Sithara007]

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.

Even when someone is chasing after the losses, the statistical probability of ROI remains at 49% (assuming 1% is the house edge). The profit margin is constant, and is equal to the house edge minus all the expenses incurred by the casino (staff salaries, depreciation costs, tax, utility bills.etc). If someone gambles more, the % profit margin doesn't change. But the overall revenues go up, and in absolute numbers the profit also goes up. Then some casinos also earn from cash deposit charges, margin on the sale of beverages and food, tips.etc. The more time a customer spends at the casino, these revenues also go up.

[LUCKMCFLY]

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.

Many people or players blame the casino for losing a lot of money, but the casino doesn't force you to play; the casino only provides a service. The player decides which game to play and how much money to play with. If they lose and become addicted, it's not because of the casino. The casino assumes that if you are an adult when playing, you should understand all the risks involved.

[junder]

This seems to be a constant thing with a lot of gamblers and they don't seem to learn from their mistakes, it is a very bad idea to consider going on last round after losing because that might end up becoming a cycle that would lead to losses, chasing losses isn't really worth it.

Only a few people can learn from their mistakes, and even then, they are those with a strong conscience that can suppress their gambling curiosity. If their curiosity remains strong, awareness will never emerge.

With the uncertainty of gambling, chasing losses can increase losses, and only a few lucky individuals can turn things around.

[Frankolala]

This seems to be a constant thing with a lot of gamblers and they don't seem to learn from their mistakes, it is a very bad idea to consider going on last round after losing because that might end up becoming a cycle that would lead to losses, chasing losses isn't really worth it.

Only a few people can learn from their mistakes, and even then, they are those with a strong conscience that can suppress their gambling curiosity. If their curiosity remains strong, awareness will never emerge.

With the uncertainty of gambling, chasing losses can increase losses, and only a few lucky individuals can turn things around.

You have said it all. Only those who have the strong will to gamble responsible and practice self control wouldn't fall into excess losses. The problem isn't the initial losses, but the problem is when you start chasing your losses as if there's a guarantee that you will recover them back. Luck is the major thing for you to be profitable.

[impulse709]

We all fall for this.
The almost near miss is what makes us want to gamble more. We can't accept that near miss isn't going to just pass.
But we're going to try to prove ourselves that we're actually going to hit it and so we won't miss it.
The impact of it to the gamblers is very big if they don't know how to maintain their emotional being when they gamble.
Few near misses and they're already emotional and triggered and that could lead them in gambling more than they can afford to lose.

Casinos know that their customers are always eager to make more profit hence they do all different kind of things just to make sure they can make money from their customers.They don't necessarily have to have the edge for them to win in games they just need you to gamble more so that they can make lots of profit from the losses that you have because if you decide to gamble multiple times they are high chances that you will lose more times than you will win. People are always attached to the near target syndrome, they expect that they are going to win their next game if they just try a little bit more but this does not come to reality because it does not matter how many times you try, the chances of you losing is still higher but still you can have a little bit of luck. If you calculate how much you invested into the game to play and the profit you made at times it is not necessarily worth it but people don't realise but all they want is that they have fulfilled their ego and they have won their games.

Gambling establishments are planned so that they can generate interests among clients to keep revisiting the place almost all the time despite the thinness of chances to win which are quite unattainable. The urge to pursue another victory may easily disinform the mind to spend a lot more money. The fact is that an ego of always being a winner can be the cause of disproportionate loss that may in fact be less than the results achieved. You can save yourself this trouble of exhausting your resources of worthless pursuits which may be enjoyed here and now before you find that much of what you spend on them is wasted.

I concur that casinos make more profit because of the returning player effect, not just the house edge. The near-miss effect is a powerful psychological lure in gambling because it trick people into believing that they are about to win, and so they keep playing, even after a string of losses. Gamblers often begin to gamble to feed their emotions and ego. And that's where casinos make their money. The greatest risk is not losing money, but losing discipline, money and self-control. The key to responsible gambling is not to know when to lose, but when to stop.

[Fredomago]

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.

Many people or players blame the casino for losing a lot of money, but the casino doesn't force you to play; the casino only provides a service. The player decides which game to play and how much money to play with. If they lose and become addicted, it's not because of the casino. The casino assumes that if you are an adult when playing, you should understand all the risks involved.

Yeah right, the casino did not force you to keep on playing or to use the amount that you can't let go, they just provide the service and it's more on how a gambler will play the game, and how they'll going to spend their time and the money that they will allocate for their gambling, and like what you said, it's on the gambler side if they'll fall into addiction as casino will always open as long as there's permit that being provided by the government where they are facilatating their business.