Between the gambler and the casino who lose more - page 4.

Fivestar4everMVP

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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.

First of all, I personally feel that it's wrong to compare casinos and gamblers like this, and this is because, casinos are built as a business, while the gamblers are like the customers who bring their money to buy a particular product from the business, casinos are built to make profit, specially as their userbase grows, this is why casinos delight in having alot of users.

House edge is an advantage a casino have, but this is not the end, alot of users is also a very good advantage, much better than the house edge, and this is because, with the house edge, a player can still win a good amount of money which the casino must pay, but if the casino have a lot of users playing there, when 3 or 4 players wins a game, rest assured that over 1000 other players lost that same game, and this way, the casino can easily pay the players that won from the money they got from the players that lost, and still have alot of money to save for other stuffs.

So, in the nutshell, casinos make more money than gamblers, casino as a business is built to make money, but on the other hand, gambling is not a source of income or making money, people only treat it as such because of the possibility of winning some money from it.

iv4n

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Quote from: Fiatless on August 26, 2024, 05:03:27 AM

It is not as easy as you think, because new startups face many problems. They usually suffer losses since they will not have enough gains to cover expenses. But as they keep attracting customers and expanding, the business might gain stability and become profitable.

I think that the keywords here are "keep attracting customers", and if casinos fail to attract customers & keep the existing players on the site they will just lose money on marketing, maintenance, etc.

Every start is difficult, the competition is high and it's difficult to attract players who already have favorite places, new casinos must show extra effort if they want to make a good business. This usually means investing heavily in marketing, promotions, a wide selection of games, live support, and everything else that makes a casino a good place to play. Of course, there are no guarantees of success, but without these things, the casino is doomed to fail...

bering

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There was no valid data which can support this question and it just only a speculation because we didn't know who is lose more between the casinos or the gamblers but during involved to online casinos i never heard any newly casinos who go to bankrupt on their first day launch because they cannot pay huge winning from the gamblers besides that i think new casinos cannot automatically to gets high roller gamblers because to gets the costumers like this they have to earn their reputation
And in my opinion only some people who can beat the casinos and makes those casinos bankrupt but most of the gamblers in the world so far only lost their money at the casinos and never gets any decent winning during their gambling activities and regarding this question probably the gamblers who lost more compared to the casino

Fiatless

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Quote from: traderethereum on August 26, 2024, 01:21:51 AM

New start up casino can lose much money against the win gamblers but the chance for the casino to recover their losses will be bigger than a lose gamblers. The casino can easily attract gambler attention to return to their casino by giving many promotions that makes gamblers lured.

https://clarifycapital.com/blog/what-percentage-of-businesses-fail

It is not as easy as you think, because new startups face many problems. They usually suffer losses since they will not have enough gains to cover expenses. But as they keep attracting customers and expanding, the business might gain stability and become profitable. Even in the forum, some new casinos might not be able to sustain promotion campaigns because they are not getting the needed traffic. Some of them even go to the extent of closing the casino because it is not sustainable. Casinos that have lasted for about three years or more should be able to make a profit. While gamblers might be making more profit than new gambling platforms since they are not yet established,.

Apocollapse

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Casino is a business and only few of them can survive, most of them fail.

In online business, it can fail due to many reasons e.g. hacked, bad management, etc including the project is actually bad and has no customer.

Theoretically gambler should lose more than the casino due to house edge, but casino isn't only about build the site and offer the games, there are many X factors like what I mentioned above.

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Opening a casino for people without experience and expecting profits will most likely be a very imprudent action. Therefore, a new casino is probably opened by people who have good initial capital and most often already own other casinos. Therefore, thinking about what funds the casino pays out winnings from should not bother customers. But the fact that the casino will always be in profit is a well-known opinion. Read about such a concept as the "principle of negative mathematical expectation." Bookmakers always remain in the profit; I think all other games also bring profit to the casino; otherwise, it would be an unprofitable business for the owners.

TopTort777

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OP, I think you are trying to compare two completely different things. Business risk vs instant game risk. You cant compare business risk as something instant. This is a long lasting project. That is why companies create business plans. And on the other hand a gambler. He cant make a calculation of his possible risks in next 6-12 months. OP, you wont get a true answer. Casino spend millions from the start, a gambler can start with 1 cent. During 10 years period casinos can work 9 with a loss, and one with a profit, as well invest dividents and profit into future. During same period a gambler can lose millions, but can drop gambling after a first bet.

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Quote from: PX-Z on August 25, 2024, 05:27:48 PM

If you're talking about these new casinos losing money on its first few days of opening, then its possible only if they don't have huge or enough bankroll to start the business. But its only rare, once the operation starts casino business will be in total of profits in the long run. But once this new casino have different marketing approach from different platforms, it's good to say that they have enough balances to operate.

The house edge puts casinos on unfair advantage against the gamblers so clearly gamblers loses more than them. It's mainly the new casinos that doesn't have sufficient startup capital that can be hit by lose if a gambler were to win big. Ofcourse this should be rare because if one gambler wins big that means that more gamblers have lost big at the same time. If new casinos should experience loses it could probably be only on the first few days or weeks if there's a big win and they're experiencing low patronage to recover the loses.

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

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 think there is no way that gamblers would profit more than the casino. Although I have known of certain big wins that destabilized some casino who are starting up but that is for those who are really starting up with no branch or affiliates casinos that have already stood the tides. Maybe you mean those casino that doesn't really have affiliates but if they have, then they get to pay such big wins from there parent body. Therefore, except in the case that the new casino doesn't have parent body. I know that in offline betting shops, big wins don't become problem because parent body make such payment as the winner is referred to head office for payment if it is huge win.

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.

Yes, a new casino starting up may be unluck with big win against them for their start up and if they don't have adequate reserve, it can bring them down especially with online casinos but offline usually have parent body that players or winners can be referred to only that the winner need to present their winning coupon, slip or ticket.

Jody.Drummer

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

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?

In my opinion, however, it is clear that the casino operator will win more in this case because they have a role as a host where they seek profit from the many gamblers who play, with the many cases of losses that occur, it proves that the casino operator will win more. In addition, they build casinos with the aim of seeking profit, so it is natural that gamblers or players only experience a lot of defeats, unfortunately some gamblers often lose their minds when gambling where they gamble without seeing the chances of winning that are in their favor are small. In contrast to the opportunities owned by the house operator because they have a greater chance than the gambler, this is absolute and applies in the long term in gambling, no player can change this provision, so the house operator will win more and for players or gamblers to win more or win consistently is impossible.

Dr.Bitcoin_Strange

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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.

Recently, I made emphasis on these similar discussion and I was of the opinion that casinos are usually earning more than gamblers. It's not something we should start arguing about again because on a clear note, casino is a very profitable business for the owners, if it was not, then so many of them would have close down and these new upcoming ones will not arise.

Casino earn from gamblers losses and it's a fact that gamblers losses more than they win and all those losses goes to the casino and game providers.

Secondly, casinos are earning every minute from the withdrawals of every gamblers. For example, stake.com charge $1 fee for every withdrawal made by gamblers. If at the end of every day, two million gamblers withdraw their winning from the casino, do you know how much? Shocked

, that's just for withdrawal fee.

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Both gamblers and casinos lose when it comes to gambling however gamblers lose more often than casinos do. well it's something that's quite obvious because if you come to think of it if casinos lose too often than gamblers do, they'll likely end up going bankrupt or suddenly close down. Casinos and betting firms have their way of regulating their losses and even the losses of gamblers too.
This is because if the gamblers too are made to lose unnecessarily, they will gradually begin to lose customers and still they will go bankrupt. As a responsible gambler, one has to make sure that he's playing the right game that he understands to avoid unnecessary losses.

davis196

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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.

Your question cannot be answered, because we don't have valid examples of new casinos, that closed their business due to losing too much money at the launch. Maybe some former casino owners, who had such experience with losing their initial investment could share their thoughts.
I don't think that anyone would be willing to share specific data about how much money he lost after the launch of his gambling business.
Maybe some newly launched casinos could use shady practices, like postponing withdrawals before they make enough money to pay out the winnings of certain gamblers.

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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?

A new casino would already have funds available for their customers who wins if not it shows that they are not serious and don't want to build their reputation or gamblers will see them as scam. Funds is one of the major requirements any casino needs to grow at the beginning.

Quote

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 believe that if 100 gamblers stake their bet maybe 5 of them might win and their profit depends on the amount that they used in staking. Casinos are always in profit and gamblers are always at loss because in gambling you lose more than you win which I believe all gamblers have experienced this only few lucky ones who were able to win huge and quieted gambling. If most casinos are losing they would have packed up by now.

traderethereum

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Gamblers can lose much money than the casino. We should think that from many gamblers, only small percentage of gamblers can win much money and that makes the casino gets the big profit.
New start up casino can lose much money against the win gamblers but the chance for the casino to recover their losses will be bigger than a lose gamblers. The casino can easily attract gambler attention to return to their casino by giving many promotions that makes gamblers lured.
Gamblers will get a big risks if they still return to casino without stopping for a while and will lose their money easily. Although the casino also have the big risks to lose their money, casino can recover their lose in a short time because many people will lose their money by playing gambling in that casino.

KiaKia

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The chance of gamblers winning against the casino is very small, any casino business should be good from the scratch because more money will flow into the casino pocket than the gamblers pocket, it is nothing to worry about.

Let's pretend that a gambler won big amount of money and the casino is just starting the business out, all they have to do is make a deal with the gambler, the casino will start paying the gambler some percentage every day until the whole amount is paid into the gamblers bank account, I have seen online casinos do this before.

If the casino cares about it's future and reputation they have to pay the winner and keep their business alive as well, the chances that a casino will run out of luck is very slim, because every 24 hours a day there will always be customers willing and hoping to hit a jackpot and spend them on yacht and luxury life, they always keep coming to try their lucks.

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Quote from: yahoo62278 on August 25, 2024, 05:42:06 PM

Casinos that are semi new and have a smallish bankroll have been implementing the max cashout per week rule to their customers so they don't go bankrupt in the 1st week and partially to hope that some of those players lose a little back to them while waiting to do their cashouts.

Most times the casinos are going to come out on top because smaller casinos also have higher house edges set on most games, but there is the rare occasion where someone makes a deposit and goes on a run.

Back in the old days casinos used kelly criterion and made the max win 1/100th of the casinos bankroll virtually making it impossible for them to go broke. Not possible when a site offers 3rd party slots I don't think, but I could be wrong. Not sure if they can set a max bet on 3rd party slots.

Of course. Seems like the OP doesn't have much of a clue about how casinos and risk management in general work. If a casino starts what they have to put is a betting limit on their bankroll, lest a whale like Drake comes along and gets lucky that night and busts them. That in any sensible business plan has to be foreseen, and as the business is working, they reinvest at least part of the profits in their bankroll so that they can accept higher stakes.

Lida93

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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.

Casinos in my very opinion seem to risk little or nothing apart from the start up phase where they perhaps got hit by bad lick where a gambler had to win some huge cash. Growing above that phase the risk to lose now becomes that of the gamblers alone to bear because it's the losses of other gamblers that are now been used to pay those that win, and as we all know in gambling the number of losers are usually greater than the lucky winners.

In any case, a few of those huge wins that are said to be-fall newly start-up casinos could be self orchestrated just to attract the attention of customers to their platform... It's all a part of the advertising strategies in the industry.

Litzki1990

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Gambling is always risky be it sports betting or casino related. No matter where you gamble you lose all the money if the outcome goes against you. So first we need to be sure which subject we are more skilled at.

Gambling is not entirely about luck, here the right gambling strategy, skill and experience can make a huge difference in winning or losing. I have played all types of gambling before but from this experience the most acceptable gambling strategy for me is sports betting. Usually, if you want to gamble with this strategy, you first need to have a good understanding of the sport and have an understanding of the different teams. If we can determine the strong opponent and the weak opponent, then the result of the match will be more likely to be in our favor.
What I always say is that gamblers should consider a big team first and watch out for when a smaller team is playing against that big team and bet on the big team with that in mind. Hopefully gamblers will win more than lose money if they gamble with this strategy.

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Those big wins are also planted. They need to do that so that more people will believe that jackpots can be achieved. If they don't then there will be a lot of customers that will be walking out and trying to find a new gambling site that would offer those kinds of prizes.

Do you believe that the online casino will lose after giving up that kind of amount? No. With the vast numbers of gamblers out there, they could easily win it back by using the house edge and also that winner will not just stop at one win. He would think he is lucky and try to gamble a part of that winnings.

At the end of the day, the gamblers will always be the losers except if you walk out after a win. The online casino business would not continue if it didn't see any profits. We lose more, and the percentage of winners is low. How many stories of winners have you heard? Very rare.

Topic: Between the gambler and the casino who lose more - page 4. (Read 903 times)