Between the gambler and the casino who lose more - page 2.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

Quote from: |MINER| on August 26, 2024, 03:06:17 PM

In the most cases, it is obiously true that the gambler loss and the casino win I mean there is a already says that "House always win".

It can be happened to the new arrival casino's that they loose at their business because of the poor strategy and the management but if you see the large scale we can disagree with that there are most the casino's don't have loss yes they giving the jackpot and as well as the others prize but it after having their profits.

Errors, bugs, mistakes, incompetent developers, and more. Those are the reasons why a gambling business could fall down in their opening. That just means they didn't think well about how to make the system work on their side and not on the gambler's side.

The house will always win is definitely real and as a gambler, we must already accept in ourselves that winning against it will be a risky task. We may need to spend a lot of money before that happens or worse, it won't happen at all in our whole gambling experience until we are wrecked.
The problem that I see is when the gambling site gives a gambler an initial win which could urge the gambler to play more and it will continuously happen until he tastes that win again. Greed will always come and avoiding that is difficult.

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

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

---
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.

I didn't ever hear of a start-up casino going bankrupt because a gambler won a huge amount.
I mean what are the chances of a gambler winning a very huge amount? Now compare it to the chances of a gambler losing on a casino.

Even though there will be one gambler who will win a huge amount, there will be more gamblers who are losing money on the same casino hence, it will not go bankrupt, and in the long run, the gambler/s will lose even more than a casino. This is for me one of the reasons why casinos are profitable in the long run. Of course, house edge is also one reason, but there are many gamblers who are losing money than gamblers who are winning. One lucky gambler = 100 unlucky gambler.

Dewi Aries

legendary

Activity: 2716

Merit: 1092

Leading Crypto Sports Betting & Casino Platform

Quote from: Su-asa on August 27, 2024, 03:08:03 AM

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.

The obvious answer is the gambler, but one thing about gambling is people lose and people win but one thing that remains constant is the fact that the house is always In profit, when it comes to casino games there are no ways to outsmart the bookmakers or strategies that can constantly put you in profit it's just based on hundred percent luck. This is why sports betting is quite better than casino games, I'm not saying that you have a hundred percent chance of getting rich through it but the chances of having an edge over the bookmakers is quite high compared to casino games

Yes, that's right, gambling is always about winning and losing, which is simple, you can win anytime and in any amount, but of course you can also lose anytime and usually the number of losses is more frequent than wins, but in my opinion that is a natural thing in a game of probability, because after all the casino will always be superior, there is nothing you can do but accept the facts of the situation, because after all everything has been arranged in such a way by the bookie so that this is why the bookie is always far superior to the gamblers.

Another thing, yes, I quite agree with your opinion that sports betting is much better than casino games, none other than because sports betting can potentially be more profitable because of the skills and knowledge that we can apply which can indirectly increase the chances of winning, but it does not mean ensuring that we will win, in the end, limits must always be applied.

Oluwa-btc

hero member

Activity: 980

Merit: 585

Leading Crypto Sports Betting & Casino Platform

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.

Concerning this thread I think the casino are in so much profits than the gamblers,cause in most daily gambling activities the gamblers tend to lose in the aspect to have bet with huge money and lucks weren't on their side,they also gamble more inorder to chase over what was lost but for the casinos it's not same for them.

As per what they are into its quite different, definitely they are making alot of money from it cause the higher the chances of losses for the gamblers the more income it generates for the casinos but talking about new casinos they are prone to have losses depending on some factors that tend to be favourable to the gamblers,and for a start let's say they need to know the strategic plan to make the management and the process works.they don't mind loosing at first instant to generate more later on as time goes on.

Su-asa

sr. member

Activity: 434

Merit: 265

Sibi Dabo,,,,,,, Teme Ini Na Sime

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.

The obvious answer is the gambler, but one thing about gambling is people lose and people win but one thing that remains constant is the fact that the house is always In profit, when it comes to casino games there are no ways to outsmart the bookmakers or strategies that can constantly put you in profit it's just based on hundred percent luck. This is why sports betting is quite better than casino games, I'm not saying that you have a hundred percent chance of getting rich through it but the chances of having an edge over the bookmakers is quite high compared to casino games

Don Pedro Dinero

legendary

Activity: 1358

Merit: 1565

The first decentralized crypto betting platform

Well, it is clear that it is the gambler who loses, especially when it comes to pure casino games. What the casino can have are ups and downs in its bankroll depending on the luck of certain whales. Years ago I invested in casino bankrolls and you could clearly see when a whale had been lucky, but the long term trend is towards more and more profit.

All that glitters is not gold though, as casinos can go bankrupt if they are not managed well, and Trump has had some of his casinos go bankrupt.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Quote from: |MINER| on August 26, 2024, 03:06:17 PM

In the most cases, it is obiously true that the gambler loss and the casino win I mean there is a already says that "House always win".

It can be happened to the new arrival casino's that they loose at their business because of the poor strategy and the management but if you see the large scale we can disagree with that there are most the casino's don't have loss yes they giving the jackpot and as well as the others prize but it after having their profits.

But gamblers will lose their money more often than the casino because when gamblers lose, many of them can not accepts their losses and will return to casino to recover their lose money. That makes many people lose more money but they still don't know if the casino will takes all of their money if they can not control themselves.
That will also happen to us if we can not limit our gambling activity so we must realizes that gambling is not for making money. Casino will be the winner and not lose too much money and even casino lose and pay much money to a lucky gambler, casino can takes more money from the lose gambler.
If you don't want to lose more money, you must limit your money and always use small bet to playing gambling. That can prevents you from the big lose and you will not thinks about recover your money because you know that will difficult.

TopTort777

legendary

Activity: 2478

Merit: 1492

Quote from: darkangel11 on August 26, 2024, 02:57:46 PM

IMO the gambler takes a bigger risk. It all comes down to liquidity and casino's liquidity is always going to be far greater than what a gambler can amass. Also, casino can limit max bet for a gambler but a gambler cannot limit how much the casino can take from him in a number of bets. In other words, the casino can stop high rollers from betting 100k or something like that, but it can allow them to spend 100k over the course of 10 bets and if they lose that money the casino will be happy to take it. IMO the casino is always in control, but it has to consider a situation where someone bets max and wins in first bet and can immediately stop playing and leave with the money. This is probably the worst situation for a casino.

There is a always another side of the coin. That gambler, if the casino is not kissing his ass the time, could leave, but casino can not close in 1 second and sell its property for the price they have bought it. If we talk about risk, a gambler risk only with his own money, but casino risk with own money, reputation and is force to fight against competitors all the time. Add those who try to cheat.

Yatsan

legendary

Activity: 2576

Merit: 1252

Leading Crypto Sports Betting & Casino Platform

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.

At the level of risk factors, cryptocurrency gamblers and gambling operators are highly interlinked. With high early-stage risks, the business of casino operation needs to bear huge start-up costs in technical development, licensing, and marketing. What's more, they have to keep a deposit to afford large payouts, which can become an insurmountable obstacle if too many gamblers win big early on. But, even though they have a sharp house limit, in the long run they favor the casino, due to differences in gambling experience, new casinos can just face devastating losses in the short run. But gamblers risk their own money, and their chances of winning or losing are very much related to their bets. Although gamblers are the ones who suffer financially in the potential case of a loss of gambling privileges, a casino faces the risks of having to pay out substantial prizes and cover operational costs. Or, to be more specific, although the household model has its way of guaranteeing the profitability of a casino in the long term, meanwhile, in the short- term, particularly in the case of a just-started venture, the financial pressures and the volatility can make everything too risky.

Pandorak

sr. member

Activity: 196

Merit: 200

An Sr. Member who wants to become a ₿ maxi

Casinos are businesses & not charitable organizations, they seek profit from what they do, from that simple logic we should have got the answer. I remember one of the users here who had an interesting thread, he made an interesting answer in his FAQ.

Quote from: ?? on ??

Q: How much money does an online casino earn?

There are tons of casinos that are publicly trading, so their earnings are available to the public. For an example, you can Google Betsson AB Quarter Report, and you'll see that they are ranging around 50 Million per quarter, but they are also a huge operation that eats a lot of money by itself. Smaller operations usually earn anywhere between 250.000 to a million per month, but since it's such a volatile market, you have to have a fat war chest for hard times.

It's still an online casino only, what if you operated a physical casino too? that's why gambling should be based on entertainment, otherwise you will be destroyed. You can visit his thread ^[1] & see many interesting questions & answers or raise questions that make you curious about all the operations there.

[1] https://bitcointalksearch.org/topic/--5482508

junder

hero member

Activity: 1092

Merit: 507

Leading Crypto Sports Betting & Casino Platform

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

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.

it is a problem that has happened a lot, by saying that many people do online gambling, of course most of the gamblers do gambling not with the perception of entertainment, where they do gambling thinking that it is something that can make money quickly unfortunately that is not true because with them having the perception that gambling is a way to make money it will only make them addicted and that allows them to become addicted to gambling which can also make them lose more money.
I agree with you, indeed those who gamble with the motivation to make money will only make them emotional with the results that are certain to happen are losing money or experiencing defeat, and other things when they have played with uncontrolled emotions it can make them not think clearly with the actions taken most likely will not be considered first even though it is clearly high risk but they will ignore the risk.
gamblers must be aware that in gambling the host will always win and this applies in the long term, for gamblers they only have a small chance compared to the host.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: |MINER| on August 26, 2024, 03:06:17 PM

In the most cases, it is obiously true that the gambler loss and the casino win I mean there is a already says that "House always win".

It can be happened to the new arrival casino's that they loose at their business because of the poor strategy and the management but if you see the large scale we can disagree with that there are most the casino's don't have loss yes they giving the jackpot and as well as the others prize but it after having their profits.

It is just accepting the fact, but in some instances, we never find it reasonable to think that they should always take money from gamblers, or else they are cheating. Some gamblers win while others lose, and the casino takes more—fees and commissions. That is why casinos are growing fast, and some people are interested in doing business like this because they are certain that they will gain profit as demand rises.

Casinos only lose if mismanaged, while gamblers lose because they are not lucky all the time. And it is quite clear for us to understand why the situation always favors the casinos but not gamblers.

|MINER|

sr. member

Activity: 1274

Merit: 457

Vave.com - Crypto Casino

In the most cases, it is obiously true that the gambler loss and the casino win I mean there is a already says that "House always win".

It can be happened to the new arrival casino's that they loose at their business because of the poor strategy and the management but if you see the large scale we can disagree with that there are most the casino's don't have loss yes they giving the jackpot and as well as the others prize but it after having their profits.

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

IMO the gambler takes a bigger risk. It all comes down to liquidity and casino's liquidity is always going to be far greater than what a gambler can amass. Also, casino can limit max bet for a gambler but a gambler cannot limit how much the casino can take from him in a number of bets. In other words, the casino can stop high rollers from betting 100k or something like that, but it can allow them to spend 100k over the course of 10 bets and if they lose that money the casino will be happy to take it. IMO the casino is always in control, but it has to consider a situation where someone bets max and wins in first bet and can immediately stop playing and leave with the money. This is probably the worst situation for a casino.

usekevin

hero member

Activity: 2324

Merit: 562

DGbet.fun - Crypto Sportsbook

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.

aioc

hero member

Activity: 2926

Merit: 567

If we consider the number, gamblers are losing their money fast than casinos folding, I seldom see casinos closing their shop because of their losses, but every day we hear and are sure of gamblers who lose their money from gambling,
The house always wins, and it's very true; running a casino is one of the most profitable businesses. If you can market your casino properly and build a community of returning players, then profit is guaranteed.

Sandra_hakeem

hero member

Activity: 798

Merit: 1045

Goodnight, ohh Leo!!! 🦅

Quote from: shield132 on August 26, 2024, 07:59:19 AM

I can guarantee you that on a long-term basis, the casino wins because every game has higher than 0% house edge, which mathematically, in case of 1% house edge that's popular in crypto casinos, means that casino has 51% of win while the user has 49% chance of winning.

Mhan, where did you get this information from? There's never even a time the house edge has been as low as 1%, thereby giving the gamblers a leverage that big... 49% chances of securing a win will wreck the casino in time.

Quote from: YOSHIE on August 26, 2024, 10:49:08 AM

If I'm not mistaken, I've read in magazines about the profits of the gambling industry per year, some of the gambling sites I've read about, they can make big profits every year, meaning that the average casino has a profit in running a gambling business.

Gambling is actually a profitable business, but the risk and selfless act, all in a bid to convince a user and incur much traffic is the most difficult part of... Signature campaigns, celebrity ads, bonuses, free spins, etc....

Quote

Logically, you can see, gamblers and casino owners, which one is the richest, of course the casino owner, like GRANDPA ZEUS. I have seen a few gamblers who have won from gambling.

In a lower language; is you're winning too much, remember that someone else is losing!

YOSHIE

legendary

Activity: 2128

Merit: 1775

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

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.

If I'm not mistaken, I've read in magazines about the profits of the gambling industry per year, some of the gambling sites I've read about, they can make big profits every year, meaning that the average casino has a profit in running a gambling business.

Meaning: in the gambling industry which has profits, namely casino owners, gamblers are not as lucky as casinos, although there are some who win, but they lose more than they win.
I rate the ratio of gamblers with a win of 5/1: win once and lose 4X, this means the casino is superior to the gambler.

Logically, you can see, gamblers and casino owners, which one is the richest, of course the casino owner, like GRANDPA ZEUS. I have seen a few gamblers who have won from gambling.

Sandra_hakeem

hero member

Activity: 798

Merit: 1045

Goodnight, ohh Leo!!! 🦅

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?

it depends on the type of casino and games You're referring to... This looks to me as though you were really focused on crypto casinos as you made mention of in the context.. To the best of my knowledge, bookies are susceptible to making more profits than a gambler, even after paying atleast 95% RTPs and leveraging on just 5% house edge.

Quote from: adultcrypto on August 26, 2024, 10:30:11 AM

If casinos lose more than the gamblers, there will hardly be any casino in operation because no one go into a business to lose money. Some times casinos may lose money but they generally at advantage that makes them come out profitable on the long run. So gamblers lose more but some gamblers have been able to improve their gambling to make more profitable for them. When I say gamblers losing more, I mean the number of gamblers that loses money are higher which makes the casinos come out profitable.

It's actually an inverse proportion and operation... The book makers will set an algorithm in a way that the casinos will only lose once in every 30 or 40 rounds, putting the gamblers on a defensive end... This whole statistical evaluation is what every casino uses. No one would do a business that doesn't yield anything at the end Roll Eyes

hahay

legendary

Activity: 3486

Merit: 1055

Leading Crypto Sports Betting & Casino Platform

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.

The risk of losing is certainly greater for bettors, regardless of some casinos that may lose or there may be reasons for closing the casino itself. Because even though there are casinos that lose, but in reality only a small part and on the other hand they still have good profits too. After all, each platform also has at least a limit on the money that can be bet and thus, rich bettors who can bet with a lot of money certainly cannot arbitrarily bet with large amounts of money, because there is also a maximum bet.

Because with the maximum limit on the money that can be bet like that, of course it will make the casino also remain in good control. So, even though there are those who win big, the casino has its own calculations so that when a gambler wins big, the casino will still pay it and the casino will not lose or go bankrupt. Thus, their situation will be fine, because the ones who receive more risk of losing are the bettors and not the casino.

Topic: Between the gambler and the casino who lose more - page 2. (Read 899 times)