Between the gambler and the casino who lose more

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Quote from: Samlucky O on August 30, 2024, 06:53:44 PM

It is obviously the Gamblers that loses more than the casino. Reason being that people loses alot before wining and that loses made by people has already increased the fund of the casino. that is to say even if casino starts today, and 1000 people play with $10 each that is a total of $10k. in that 1000 peoples, only 10 people may win and their win in total may not amount to that $10k it might just be like $1k or $2k and they are left with $8k or $9k profit including the initial amount that they started with. So even if someone wing huge initially and it reduces their start up fund, as time goes on they will recover because loses are more often than win.

Yes, that is right especially if gamblers become greed and still want to chase their winning. The situation will change fast without they realizes so instead winning the games, they start to lose their money including their winning.
If they can be wise playing gambling, they will withdraw their win money and will not continue gambling because they think that is enough to gambling for that day. They can return to casino in other days especially if they have free time so they will not risks more money to playing gambling.
Casino will win the most than gamblers so we must know that we don't have to bet using big money. Even we increase our bet, that doesn't mean we can win easily because the casino will takes our money without we realizes so we must know how to stop gambling immediately.

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Quote from: wheelz1200 on August 30, 2024, 04:23:57 PM

Depends, I mean for the casino if they bust early I'm sure it's due to huge loses but online sites with a small stack would probably just bail and never to be heard from again or claim bankruptcy. So in this case I'd say the gambler risks more because it's a new site to begin with which is always risky since there is no track record yet.

In the short term the gambler might be in profits if he is getting lucky but over the time it's the casino who wins and stays in profits.
Casino sites are designed in such a way that many gamblers tend to lose as long as they keep playing.

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The OP had made three posts and two were on the day he created the thread and the other was a day later. He is posting elsewhere because this thread has probably bored him as well as almost everybody else. If only he had locked it when he decided he was not getting enough merits to keep posting here therefore is meeting his signature quote elsewhere. In the meantime, signature spammers are happy.

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Quote from: Gheka on August 31, 2024, 07:28:44 AM

There is actually a low percentage for casinos to go bankrupt and lose because first of all what they are managing, the games are based on formulas from the beginning as well as catalysts from them to change the outcome, in addition, the capital as well as the dispersion of gamblers according to many different ideological streams, the capital is too thick and provides unreasonable rates, making players have many doubts. Once the gambling community is not unified, the casino's chances are greatly increased. Unless there are competitors or strong legal crackdowns, it is difficult for gamblers to overcome this service provider.

Casinos will indeed be difficult to go bankrupt if there are always players who put more of their capital there and play every day as usual. Now there are quite a lot of casinos and they also continue to compete with every competitor who provides various services so that casino owners will continue to do everything to not go bankrupt and one of them is to attract more enthusiasts who want to play at their casino. What you said is also quite reasonable because considering that casinos always have good governance so that they keep them away from bankruptcy.

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Quote from: $weetne$$ on August 31, 2024, 05:02:15 AM

Quote from: Frankolala on August 31, 2024, 02:59:30 AM

If casinos are losing we would not see new casinos coming out everyday by day because they would be scared of running out of lost that can lead to bankruptcy. But because the casinos are making huge profits from the gamblers, that is why you see that peopled are investing in casino business day by day.

Casinos can not be losing money because we have new sets of gamblers adding to those already gambling and most of them becomes addicted to gambling therefore gambling often on the casino. Casino do not have to do too much for them to have people gambling always with them. Once they have loyal customers, they are going to be making money frequently. Not many casino are going bankrupt because they have too much profit. Looking at sponsorship deals that sport clubs are getting, you can see how well the casinos are doing to be spending the quantity of money that they spend on clubs deals and there are many other deals that they are into. It is the gamblers that are losing more money not casinos. Beside the amount of gamblers winning are not that much.

There is actually a low percentage for casinos to go bankrupt and lose because first of all what they are managing, the games are based on formulas from the beginning as well as catalysts from them to change the outcome, in addition, the capital as well as the dispersion of gamblers according to many different ideological streams, the capital is too thick and provides unreasonable rates, making players have many doubts. Once the gambling community is not unified, the casino's chances are greatly increased. Unless there are competitors or strong legal crackdowns, it is difficult for gamblers to overcome this service provider.

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Quote from: Frankolala on August 31, 2024, 02:59:30 AM

If casinos are losing we would not see new casinos coming out everyday by day because they would be scared of running out of lost that can lead to bankruptcy. But because the casinos are making huge profits from the gamblers, that is why you see that peopled are investing in casino business day by day.

Casinos can not be losing money because we have new sets of gamblers adding to those already gambling and most of them becomes addicted to gambling therefore gambling often on the casino. Casino do not have to do too much for them to have people gambling always with them. Once they have loyal customers, they are going to be making money frequently. Not many casino are going bankrupt because they have too much profit. Looking at sponsorship deals that sport clubs are getting, you can see how well the casinos are doing to be spending the quantity of money that they spend on clubs deals and there are many other deals that they are into. It is the gamblers that are losing more money not casinos. Beside the amount of gamblers winning are not that much.

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Quote from: Jody.Drummer on August 30, 2024, 08:26:07 PM

Quote from: mirakal on August 30, 2024, 06:38:11 PM

snipped~

that's right, some gamblers can get big wins or jackpots but that's nothing for the casino which of course they have already made more profit than the gamblers. the casino will not experience more losses than wins that is an absolute thing that can no longer be changed. the victory or profit owned by the casino is a definite thing, even I think the casino no longer needs to worry about the profits that the casino can get, it only has to monitor the casino running well including keeping it from having problems.
everyone must have recurring thoughts, so when they win and have withdrawn their winnings and then enjoy the victory until it runs out when times like this they will have thoughts again to gamble again and this usually makes them trapped because when they experience defeat they usually will not give up but will continue to bet to get victory as before by unconsciously this makes them lose money even more than the amount of previous winnings obtained. so anyway the casino will still be superior in terms of victory.

It is greed that makes these gamblers lose, while casinos prefer to have this kind of behavior. Casion had already studied the situation, and they know they are still in profit despite some winnings, whether they turn back or not. We should also know that gamblers make casino owners rich, while casinos just offer chances, not assurance.

Nobody cares to do this kind of stuff if it is a losing business in the first place, but because of the huge profit potential from this, they take risks and win. That is probably enough to determine that the casino has too much to earn while gamblers get little.

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Quote from: Samlucky O on August 30, 2024, 06:53:44 PM

It is obviously the Gamblers that loses more than the casino. Reason being that people loses alot before wining and that loses made by people has already increased the fund of the casino. that is to say even if casino starts today, and 1000 people play with $10 each that is a total of $10k. in that 1000 peoples, only 10 people may win and their win in total may not amount to that $10k it might just be like $1k or $2k and they are left with $8k or $9k profit including the initial amount that they started with. So even if someone wing huge initially and it reduces their start up fund, as time goes on they will recover because loses are more often than win.

If casinos are losing we would not see new casinos coming out everyday by day because they would be scared of running out of lost that can lead to bankruptcy. But because the casinos are making huge profits from the gamblers, that is why you see that peopled are investing in casino business day by day.

The huge win that a casino will pay out might be very little compared to the amount that one gambler lost in one day. No one can record or see the statistics of gamblers lost and their win if not you will understand that casino business is a get rich quick scheme, but it involves huge amount of money to set it up. It is only poor management or mismanagement of funds that can make a casino get broke and pack up.

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Quote from: mirakal on August 30, 2024, 06:38:11 PM

The casino regardless if it's a new start up or has been operating for quite long will never be at loss just because of big winnings of gamblers because realistically, there's more to losing than winning in gambling. Let's just say that you win consistently within this week, but I don't think the rest of the days will still favor on you. So you end up losing again until your whole winnings have started coming back to the casino again. That's how gambling works, and while you're in profits, a lot are also losing their funds so it's hard to see casinos totally at loss, unless if the casino itself is not operated properly by its manager or owner.

that's right, some gamblers can get big wins or jackpots but that's nothing for the casino which of course they have already made more profit than the gamblers. the casino will not experience more losses than wins that is an absolute thing that can no longer be changed. the victory or profit owned by the casino is a definite thing, even I think the casino no longer needs to worry about the profits that the casino can get, it only has to monitor the casino running well including keeping it from having problems.
everyone must have recurring thoughts, so when they win and have withdrawn their winnings and then enjoy the victory until it runs out when times like this they will have thoughts again to gamble again and this usually makes them trapped because when they experience defeat they usually will not give up but will continue to bet to get victory as before by unconsciously this makes them lose money even more than the amount of previous winnings obtained. so anyway the casino will still be superior in terms of victory.

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Quote from: Odusko on August 25, 2024, 05:18:28 PM

I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself?

Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more.

There is a risk for new casinos, but it is very small.

Every casino is "born" prepared for this and with enough cash reserves to cover any lucky players.

Also remember that many new casinos distribute large amounts of bonuses to players in an attempt to quickly gain a following.

So, the biggest risk for a new casino is that it does not have the stability to handle the demand for customers, because the more users that sign up, the greater the amount of money that will come in, reducing the risk.

Some casinos also ask for a longer withdrawal period in the first few days, so that they can plan better and allocate the necessary resources for the payment.
I see no problem with this, as long as, of course, the player is informed in advance.

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Quote from: Samlucky O on August 30, 2024, 06:53:44 PM

It is obviously the Gamblers that loses more than the casino. Reason being that people loses alot before wining and that loses made by people has already increased the fund of the casino. that is to say even if casino starts today, and 1000 people play with $10 each that is a total of $10k. in that 1000 peoples, only 10 people may win and their win in total may not amount to that $10k it might just be like $1k or $2k and they are left with $8k or $9k profit including the initial amount that they started with. So even if someone wing huge initially and it reduces their start up fund, as time goes on they will recover because loses are more often than win.

Exactly, I think I also agree with your opinion, and the logic is how can visitors know about the recipe owned by a restaurant related to the delicious food they order, it is very unlikely, so is gambling because after all the casino is the one who makes, organizes the system and provides the game, we just come with money without knowing how to get the right or wrong way to get the victory provided.

Like the analogy you describe and that is the casino scenario in terms of making a profit from the losses of gamblers, the casino takes advantage not from one but from most of the gamblers who play, and it is clear that the profits they manage to get are much greater than the winnings given by the gamblers.

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It is obviously the Gamblers that loses more than the casino. Reason being that people loses alot before wining and that loses made by people has already increased the fund of the casino. that is to say even if casino starts today, and 1000 people play with $10 each that is a total of $10k. in that 1000 peoples, only 10 people may win and their win in total may not amount to that $10k it might just be like $1k or $2k and they are left with $8k or $9k profit including the initial amount that they started with. So even if someone wing huge initially and it reduces their start up fund, as time goes on they will recover because loses are more often than win.

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Quote from: Rockstarguy on August 30, 2024, 02:53:56 PM

Quote from: Odusko on August 25, 2024, 05:18:28 PM

I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself?

I don't know how casino companies start up at the beginning but I'm very sure that before anyone thinks of starting a casino their must be preparation especially in the financial aspect, and I'm sure a casino must have a winning limit for gamblers and must be ready to afford to pay every win no matter the amount. Casino business is all about planning which they will only approve stakes that they can afford to give out to gamblers.
I think a casino is expected to have a given number of customers which they might have prepared to have some amount of funds which can be use to start up business even if there are much lucky winners. What you need to understand about gambling is that as some gamblers are winning more gamblers are also at lose too.

The casino regardless if it's a new start up or has been operating for quite long will never be at loss just because of big winnings of gamblers because realistically, there's more to losing than winning in gambling. Let's just say that you win consistently within this week, but I don't think the rest of the days will still favor on you. So you end up losing again until your whole winnings have started coming back to the casino again. That's how gambling works, and while you're in profits, a lot are also losing their funds so it's hard to see casinos totally at loss, unless if the casino itself is not operated properly by its manager or owner.

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Quote from: Odusko on August 25, 2024, 05:18:28 PM

I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself?

Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more.

Depends, I mean for the casino if they bust early I'm sure it's due to huge loses but online sites with a small stack would probably just bail and never to be heard from again or claim bankruptcy. So in this case I'd say the gambler risks more because it's a new site to begin with which is always risky since there is no track record yet.

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Quote from: Rockstarguy on August 30, 2024, 02:53:56 PM

Quote from: Odusko on August 25, 2024, 05:18:28 PM

I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself?

I don't know how casino companies start up at the beginning but I'm very sure that before anyone thinks of starting a casino their must be preparation especially in the financial aspect, and I'm sure a casino must have a winning limit for gamblers and must be ready to afford to pay every win no matter the amount. Casino business is all about planning which they will only approve stakes that they can afford to give out to gamblers.
I think a casino is expected to have a given number of customers which they might have prepared to have some amount of funds which can be use to start up business even if there are much lucky winners. What you need to understand about gambling is that as some gamblers are winning more gamblers are also at lose too.

Of course this is something which is really that in default because on the time or moment that you've decided on running up a business then it would really be that makes sense that you should really be that considering out those potential issues or problems that they might be able to face on. It would really be something that will really be that basing up or depending into such manner. House do always win
at the end but you should really be having that proper planning and setting out limits or max wins and other correlated things if you dont really like for your business to bankrupt just because you had missed it out.
We do know and wary that gambling business isnt really that something that could be considered cheap. This is why on the moment that you would be trying out to start up then you should
really be having those reconsiderations and checks on how it should be done well in the first place.

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Quote from: Odusko on August 25, 2024, 05:18:28 PM

I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself?

I don't know how casino companies start up at the beginning but I'm very sure that before anyone thinks of starting a casino their must be preparation especially in the financial aspect, and I'm sure a casino must have a winning limit for gamblers and must be ready to afford to pay every win no matter the amount. Casino business is all about planning which they will only approve stakes that they can afford to give out to gamblers.
I think a casino is expected to have a given number of customers which they might have prepared to have some amount of funds which can be use to start up business even if there are much lucky winners. What you need to understand about gambling is that as some gamblers are winning more gamblers are also at lose too.

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It would be nice for some statistics to be used in here, although i understand if this will not be the case considering that no casino will ever publish their PnL out in the open for statistics sake. Given that most games are always in favor of the house, there will only be a few instances where the player will win against the house. The bet size of the winning player also matters, as this will determine the potential profits and loss for the casino. It's not every that someone gets the max win on games in casinos, and the casinos would have probably taken a lot of money from its players before they can payout a max win.

It's good to infer on who's really taking the huge share of the pie in here, but due to our lack of visibility even on estimated figures, we can only know for certain that casinos will always win in the long run, provided they have enough funds to cover their initial losses before they can start taking profit again.

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Quote from: usekevin on August 26, 2024, 01:58:49 PM

Quote from: Blitzboy on August 26, 2024, 09:15:31 AM

The casino serves purposes beyond only entertainment value and games. It is business. At that, a really excellent one. Their business is winning; they are not in the business of losing money. They exploit all of that to their advantage as they know human psychology, how to control risk, and so forth. Thats wise business; essentially, everyone can learn from it.

The gambler today tells another tale. Too frequently, they become absorbed in the moment, running after that elusive win. They lose view of the long-term prospects and the whole picture. They must back off, use critical thinking, and probe some difficult issues inside themselves. Why am I trying this? My actual winning chances are what? Above all, am I in control?

Many gamblers thought gambling as the business as compared to consider it as the entertainment.Only few knowledgeable person know the gambling as the entertainment purpose,because entertainment was the primary source of the creation of gambling in the online form.The gamblers who play in the motivation of making money will get more emotion in the game compared to the enjoyment.So the emotional decision will make the gamblers to loss more,instead the gamblers will play the game with the old tactics to make more money in the short period of time.The gamblers should think differently to make money from the gambling site.

Gambling is only a business when you own a casino and make money from other gamblers involvement in gambling or you are part of it. Sure, all casino owners both physical and online are gamblers or were gamblers who thought outside the box of how to go into the business of gambling thereby establishing a forum to make money from their habit.

I think that instead of the gambler wasting lots of useful resources and time gambling on the casino, since most of them love being around the casino, they can reach an agreement with the casino and take up casino based professions like running ads for them or becoming their marketer like some of our campaign managers, that way the casino is making money for you and it is a win win situation, you bring more clients to the casino, they make more money, they pay you and you too make more money.

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Quote from: Odusko on August 25, 2024, 05:18:28 PM

I don't know if this have been discussed before, but this question was born out of the discussions that we hard today on one of the threads in the forum about, the risk of casino's losing money as a start up, what it means is that, most cryptocurrency casino that are New start up have been faced with the challenges of gambler's winning big amount even on the first day of their lunch, so for that we have to make out time to discuss this topics as for who lose more between the casino operator or the gamblers and how can you compare the risk of casino Dev and against the gambler himself?

Offcourse we are aware of the some features that could put the casino at advantage such as the house Edge, but even for that some gambler's are lucky win big despite the house edge that put the casino t advantage, so between the two who risk more.

A rather interesting subject commonly brought up in gambling discussions. Although casinos, including the new ones, may be at a financial risk if their players win by hitting jackpots, welcome to new taxes!, generally, casino operators are still advantaged over the long term on account of the house edge. This edge guarantees that even if some players do win big, the casino will still come out on top.

On the risk aspect, gamblers are the ones usually under more threat. Besides having the opportunity to win significant amounts of money, players generally lose over a long period because of the house edge. In summary, both parties face risks but, typically, in greater danger are the gamblers rather than casino operators. This is because casino operators have relied on a model that has been profitable in the long run.

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You can always use the search function of our forum to know if there is an existing topic like this or not. I didn't do it yet but I can feel that there are none yet because firstly, I haven't seen one yet and then secondly, I think the answer to this is only obvious. That is, the gambler is the ones who can lose more because like you said, the casinos has more advantage than them.

I would like to add that the first few sentence that you said, makes the second thing that I said there less effective because I now realize that it is also possible for a casino to lose more than the gambler.

The more it will happen because of the growing and tight competition in the gambling industry right now. Now that I know that the answer may not be really obvious, maybe there is really a thread like this in our forum? Lol.

There are still challenges in your list that may not be really true and that is the first one or when the gamblers win a big amount of money because like we said earlier, casinos has the edge and they can as well limit the payout that the gambler can potentially win. As a gambler I can understand it if the casino is still new and then not really that popular.

Topic: Between the gambler and the casino who lose more (Read 916 times)