Topic: Can Casinos Go Bankrupt Because of Player Wins? (Read 1586 times)

I think it becomes a question on how much you spend and how much return do you get from it as well. Think about it, we are talking about a situation where you spend some money on operations to keep it running, it is not free to run the casino, and then you end up spending some money on marketing as well, which is great and all but the new are talking about people losing money because of the house edge.

When you calculate this, if the return is profit then you are making money as a casino, but there are situations where marketing and operational costs could be higher than what the gamblers ended up losing, and that means you could end up bankrupting overall. Not because a single person I believe, because there are max winning limitations, but overall it could still go down.

Big casinos already have good financial management, so if a player wins a big win, it doesn't affect the casino. The casino may make an even bigger promotion so that more and more gamblers come to the casino to gamble. With so many gamblers coming to the casino every day and so many losing gamblers, the casino's income must be very large so that the casino can continue to run its business well. And the big casino will also not deceive slot players or other gambling game players because that can damage its reputation and players will leave the casino so that it will have an impact on casino income. That might bankrupt the casino because many gamblers will leave the casino because they are disappointed with the service provided by the casino to them.

I think a casino that has been around for a long time surely they won't go bankrupt if the players win a really big one because they have a big enough budget to sustain their business to pay for it. As you know, big gambling sites are unlikely to go bankrupt if slot players win jackpots in the games they play.

Apart from that, I don't think there is a specific algorithm if the casino is already big to manipulate the players' wins because they have thousands of slot players every day. So that the money circulation in their casino is big enough to pay the players if they hit the jackpot or big multiplier.

^Definitely right because the casinos are well aware of these dynamics and, as you mentioned, proper management of their financial resources is critical to prevent bankruptcy. Their business model is built on statistical probabilities and the long-term advantage they have over players due to the house edge. While it is possible for individuals to have winning streaks, the overall financial health of the casino is determined by the collective outcomes of all players over time. Based on what I have seen, most reputable casinos are subject to regulations and oversight that prevent them from rigging games to ensure consistent losses for players. Rigging games in such a manner would not only be unethical but could also result in legal consequences.
So, while individual players might experience luck and win, the casino's financial stability is built on the aggregate results of many players' bets over time. And as long as the casino manages its finances wisely and follows the rules of fair play, the likelihood of bankruptcy due to player wins remains low.

It's like the one of hundred in common.The hundred people made their bet in the gambling,but only one get the chance to win the game.This will like one person had the lucky day and rest wait for their luckiest day.After some continuous loss,the gambler get into the vision of the website it made with the program to get the entire money from gambler.But it's not the true one,what he do if they made the continuous win in a row.It was sure he will not contact the support why you make me win all the time Lol.When the casino correctly manage the money,the possibility of bankrupt is low.

Even if there aren't 99 players losing when one gambler wins big, or even more than one gambler gets big wins, they have algorithms that manage the amount a user can win based on the available bankroll, the maximum allowed bet is also adjusted accordingly so that if the bankroll only has $20k available, gamblers can only bet a certain amount that cannot win higher than the amount available, and once the bankroll increases, the limits are increased automatically.

So a casino that is built well and the management is doing a good job, there is no chance for it to go bankrupt considering it has a good amount in the bankroll initially because their system and algorithms won't let that amount get finished, and we all know that it is not possible for everyone to keep winning.

The team from the casino are chosen people who already understand their duties so they can work well and develop the casino to become bigger. In addition, the people who make up the casino team can properly manage the budget provided by the casino owner. With the correct allocation of funds, the casino can pay out the winnings obtained by gamblers. The casino also wouldn't cheat the winning gambler by running away from his responsibilities because that would damage his already earned reputation. This is what makes casinos able to get a good reputation so that casinos can develop their business even better.

In the management of casinos do not allow fools, so no one will not spend the entire budget on advertising, although it is very important for such a business as gambling. The one who manages the casino money should always have some money for unexpected expenses, whether it is the salary of employees in the event of an emergency situation in the casino, or the incorrect operation of algorithms to limit the winnings.

It is almost not a possible one,because the winning is kept based on the holding money on the gambling site.Secondly the winning is kept based on the number of bet placed,So no possibility to get bankrupt based on the winning money.It is most essential for the team to do research and keep the winning money to the game.The offline casino may get bankrupt because of the manual corruption by the money handling employee of the casino.The probability of winning by the person is like 1/3,So nearly thirty percentage of chance was goes to the Gambling sites.If the casino had try to spend huge money on advertisement will leads to bankrupt.

looking at the stories I've seen over my years on this forum, I can already say that a casino will hardly, not to use the word impossible, go bankrupt just because people were winning a lot of money, that's because casinos always win, and this will not change, it is true that the casino has to pay bills such as server, gambling provider, employees and partners in case the casino has more than one owner, of these expenses the one that I see being more expensive is the expense with employees because the guys who work with coding charge a lot for their services

it's not easy to create a casino from scratch and keep fixing bugs, making updates and protecting the casino from attacks, that's why those coding guys charge a lot, they are the employees who are well paid, the partners keep the profits being like that casino still makes a profit, but it has advertising expenses, which is a very expensive expense, especially when it is not well managed, and in this part where many casinos fail, for example when a casino spends a lot on advertising but is not able to get customers they start to having a lot of expenses and not being able to pay the salary of the employees and as a consequence the casino goes bankrupt

but casinos do not go bankrupt while they have customers, I have not seen any case where someone has won a lot of money to the point of taking a casino bankrupt, although I have seen cases of people who have won a lot and the casino has taken many turns to pay, it was quite obvious that the amount earned by the person would greatly affect the casino's finances but would not bankrupt the casino

Yep that's right. The house will always win since there's a house edge that will help thwm win over the gamblers. One reason I know why caaino go bankrupt is having no traffic or slowly perishing gamblers in their casino. New casino are prominent to this given that a casino will pay for it's maintenance, workers and other things such as promotions. If they can't make gamblers play at their casino, they will surely slowly get bankrup as the income of thw casino can't cope with the maintenance of the casino.

In my opinion, this is an impossible thing to happen, the casino went bankrupt because of the many players who won. And I think the casino has more control and rules for everyone who plays there.

With so many players winning, this will actually be the main attraction for the casino which will attract the attention of people to play there because they see a sizable chance of winning. When the casinos are more crowded, the profits will increase and I think those who own casinos are smarter than those who play.

One thing that can make a casino bankrupt is that there are no more people visiting and playing there which results in the casino losing money. So as long as people have an interest in gambling then casino venues will still exist and survive.

That is actually a good point and acts a catalyst to my previous post. The casino sites make sure of this that their bankroll is always in positive.
As you said, when there's one person winning there are 99 others who are losing which eventually makes the casino site in profits.
So basically the casino cannot go bankrupt because of a single person winning big.

I agree about you friends, of course the casino will increase its safety and spend a lot of money to maintain their safety and that indeed if viewed from the side of your view it is naive also in my opinion, because they have arrangements to manage their opportunities and risks, but Yes, as well as bug seekers and system failures, certainly more sophisticated and play safely, maybe today there is no new news that does cunning like that, because today's casino maintains their security tightly but surely there will be wakti where hackers The more sophisticated and scanning the failure of the system they will get the room and play safely like the players in general as I said before.

It is important for casinos as time goes by must increase their safety from the possible system

Well, in the case that a casino can be hacked, the casinos as a means of security have to have the funds in another system or in something very different where a hacker can access, there are different types of servers where many data can be stored, and something As improtnate as the money in a casino is, I personally believe that a casino should have its money somewhere other than a casino, because the same casino can be compromised and if they access the payment system, withdrawals can do things that they never would they can delicacy or know how they were or did, that is why it is imperative that every casino can access another way of guatraqdar money, something like the security system that exchanges have so that they do not steal your money.

Of course, the exchanges have other ways to protect their money, and when they go to make the withdrawals, what they do is connect to the server where the money is and extract the part that they are destined to withdraw, that's why I think that a casino should always invest a lot money in security, because without security there is nothing, and it is very difficult to have players who are whales and from one day to the next their money disappears and they stay without doing anything at all.

It has happened that in some exchanges that has happened, I don't know if you remember the Binance theft, when they hacked it, or maybe Binance had to respond to all its clients, then they overcame it and tried to have great security, but it's something that they learned not to have more vulnerabilities.

While you may have witnessed some instances, in general, the scenario where a player wins such a huge amount that the casino goes bankrupt is extremely rare. Casinos typically assess risks and set limits for players to avoid such situations. They also have strict security and control systems in place to minimize potential losses. In case of conflicts with players, they usually prefer to resolve them internally or through the legal system to avoid publicity and maintain their reputation.

Anything is posible if someone can break the forum market to the extent that the Bank of England went bankruptcy then gambling is a small world where such a thing can happen without limit. I have seen so many casinos going bankruptcy in my locality because of the winning of a particular player. This made the casino to lack fund to pay the player and have no option that to void the game.

 The matter later ended in Court and the judge had to force the casino to pay the player his money. This can if scenerio happens always in the gambling sector that is why many casinos do have maximum gambling limit to avoid anything like that where a player is able to win a huge fund that casino can not afford to pay.

Well, the thing about technological advancements and developments is right and that casino management teams are always monitoring all the activities happening and they have algorithms to detect unusual activities of the players. However, I don't really think that we have a lot of ways to cheat the casinos because there is literally no way for a gambler to cheat the casino apart from those people who try and abuse the bonuses casinos provide by creating multiple accounts, etc.

But even the bonus abusers are prevented from doing so nowadays as a platform providing a bonus would require the player to verify their identity to either get the bonus or if they get it, they will be asked to complete KYC verification before they can be able to withdraw the money they might have won.

That was then but now every big and popular casino must have had a system of some kind of bot that can detect every gambler's win and of course every casino cannot just let their customers make large withdrawals before checking back whether the winnings are genuine or not.
Yes, what really needs to be done is to check every gambler's win, whose nominal value is quite large, because if you only manipulate withdrawals gamblers can still withdraw small amounts gradually.

Primedice is a big gambling site so when there are fraudulent acts committed by gamblers there the news must have spread widely so that other casinos are more careful and alert to any suspicious customers.

The main point on this discussion should be that no one player should be able to break the casino.  Its a myth in the majority, there is some stories written about the idea of it happening and perhaps many more stories where some fraud occurred.  Most famous of which I can recall is the fight over slot machines and all the tools that would get used to trick those machines into paying out when they shouldn't, that happened for a long time and doesn't now so far as I know.   A single player shouldn't be able to because the casino should be aware of all the risks and limits to one single players game, they are required to do the maths and be able to handle that game.   However it is still feasibly possible alot of luck variance to occur and a great cash call to appear on the casino reserves, most of the time that should not ever be happening and staff surely monitor the stats for such occurrence because of the fallout, security, etc.