Is it possible for a casino to go bankrupt because a player gets a very big win?
I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
Most of the games of the casino has a max win limit. This helps them to control the win of players to avoid bankruptcy. Only casino that has a small bankroll or no set max win limit are prone on being bankrupt with one huge jackpot win by players.
Most of the established casino has max win limit so if the discussion is for big established casino then the answer is no. Having that kind of huge jackpot is very rare for a casino to experience a multiple hit like that that will destroy their bankroll.
Problem is not all gambling sites are having good systems to have such feauture, unfortunately. I'd also say this is possible with both small and big platforms as long as their system is not monitored to avoid such problems. Indeed jackpots are a bit of a percentage, most of the time, of the total platform's fund and this is already one way to avoid bankruptcy. No gambling site in their right mind, would put all of their funds in a single winning. This instance just sounds impossible because it rarely happens, but not because of that, casinos would be too comfortable. We are in online platform and glitches maay happen in a sudden.
Casinos don't need an algorithm when the house edge is there for them to do the work.
Algorithm, I think, still matters. If there's no such thing their edge would be overpowered by continuous winnings of the players, especially if it won't be a single gambler who'd be in such place. Edge of a casino works with the majority's transactions and losses, but if the other way around, that is pere problem would more likely arise as in line with the topic.