Casinos makes more money not because of house edge.

[yahoo62278]

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

I don't see them twisting our arms and saying gamble or we break it, do you? From your OP I do agree with the fact that human behavior is what they prey on, but they aren't making us go to their site or physically go to their casino, so we cannot really put all the blame on the casino can we?

Your parents raise you and instill a value system in you from day 1. A person could blame the parents if you have an addiction, you can blame society, you can blame the government, you can blame the air or whatever. At some point you have to wake up and realize you have a choice and need tot take accountability.

[tread93]

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 am sure casinos have a wide variety of ways that they keep their house edge because sometimes they can lose big right.  So they have some margin in everything and maybe even charge some smaller fees or something to keep it all profitable just like any business. Casinos especially online ones though have had to get crafty and find new ways to make up for the lack of a physical location and the extra money earning opportunities that brings

[justdimin]

I don't think this is accurately said, it is right to say that the casinos do not only make money from house edge but however you think the casino makes money in one way or the other is still connected to the house edge. You can say that the casinos make money because they use the greed of gamblers against them but you need to understand that all these is by design. Everything was programmed to put gamblers in a trap for the house edge to work against them. That's the reason why gamblers that chase profits and losses ends up losing more in the long run.

Right. Basically, we could say that the house edge is a way for the casino to actually make normal revenue, because even if 60% of the players are winning, and 40% are losing, the casino will still be making money because the 60% that is winning is also giving a share of their winnings back to the casino, while the losers are giving everything away to the casino.

This is the reason why we always say that even if a person is mostly in profit, if they continue gambling for a long time, the casino will still have an edge because of the house edge, for example, if you lose 15 bets, and win 16 bets with 2x odds, and if that equation continues, you will still not win much in the long run because the house edge will eventually eat up your profits slowly.

This is why, we need to understand that the house will always be ahead of us gamblers, not only because most of us will eventually lose against the house, but also because they have the house edge that they take from our winnings, so they are always winning, and we are always losing even if we are winning, unless we manage to win a large amount and then stop gambling, but as long as we keep gambling, the house will always outrun us in terms of making profits.

[xenomorfo]

That's right, everyone who breaks their own rules does very badly. In gambling and trading, that happens a lot; people tend to break the rules and everything starts to fail from then on. That's the danger of doing anything where you risk money; you have to be very careful not to lose. You have to determine how much you're going to lose so that your balance doesn't disappear and you don't achieve anything. If you lose, then it should be what you predicted you were going to lose.

Those who break their own rules do nothing but look out from the abyss to see if the bottom exists.
And when you do that, sooner or later you end up making a mistake and sliding down the ravine and then having trouble getting back up.
I don't know if you understood this metaphor of mine.

[danadc]

Those who break their own rules do nothing but look out from the abyss to see if the bottom exists.
And when you do that, sooner or later you end up making a mistake and sliding down the ravine and then having trouble getting back up.
I don't know if you understood this metaphor of mine.

Yes, I completely understood. Besides, I've been in that place myself, and it's not easy to emerge because many thoughts take over, especially those of failure, that if I keep playing I'll get worse, that I'm afraid of controlling myself, that when I play it's as if another person takes over because I can't control myself properly. But little by little I overcame those things. I don't deny that sometimes I lose control, but it doesn't fail me like it used to. As a player, I still have a long way to go to be an expert.

[Wakate]

variety of ways that they keep their house edge because sometimes they can lose big right.  So they have some margin in everything and maybe even charge some smaller fees or something to keep it all profitable just like any business. Casinos especially online ones though have had to get crafty and find new ways to make up for the lack of a physical location and the extra money earning opportunities that brings

Casinos can lose to players but this does not happen often like the way casinos have been making money from different players.
All casino games has a fee attached to it whether you make profits or you make loses. This is another way casinos make money from players without you knowing. For casinos that have a sportbook, they also make money from our betting loses.

[junder]

Casinos can lose to players but this does not happen often like the way casinos have been making money from different players.
All casino games has a fee attached to it whether you make profits or you make loses. This is another way casinos make money from players without you knowing. For casinos that have a sportbook, they also make money from our betting loses.

One of the events that might make the casino lose money is a player who manages to get a big win or jackpot, but even then they can get back the amount that the player has earned, maybe even quickly.
With the casino itself, it is clear that they built the casino for profit so they will do their best to make a profit and with players who get the winnings it is a way to make a profit too, in my opinion.

[Botnake]

One of the events that might make the casino lose money is a player who manages to get a big win or jackpot, but even then they can get back the amount that the player has earned, maybe even quickly.
With the casino itself, it is clear that they built the casino for profit so they will do their best to make a profit and with players who get the winnings it is a way to make a profit too, in my opinion.

That was already expected, that a big win was going to happen. And yes, the casino will have to pay it because their reputation is at stake. But that does not mean it will hurt them, because as long as gamblers keep playing on their platform, their daily income will continue.

In fact, it can even be good for them if people are winning, because others will start thinking the casino is not rigged or that the RTP is high and players can actually win there. And just like that, they attract more players and more money comes in.

[sompitonov]

One of the events that might make the casino lose money is a player who manages to get a big win or jackpot, but even then they can get back the amount that the player has earned, maybe even quickly.
With the casino itself, it is clear that they built the casino for profit so they will do their best to make a profit and with players who get the winnings it is a way to make a profit too, in my opinion.

However, casinos only show and encourage players to place bets. Newcomers are especially important for casinos that have the potential to maintain long-term relationships. Some offices even keep calling and reminding players that there are special bonuses available for those who have stopped playing, just to get them back into the game. Gambling businesses only want their profits to grow. Of course, this doesn't mean everyone will gradually lose. There will certainly be some who win, and quite a bit of money, and perhaps even become rich. However, these will be a minority, but their success will be constantly talked about, and some will boast about it on forums.