Do casino and sports betting platform owners gamble as much as other people? - page 2.

Yamifoud

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Quote from: Fundamentals Of on February 12, 2023, 09:54:57 PM

Not as much probably. An owner of a casino or sports betting platform is probably more disciplined in gambling. That's probably why they have come to build their own business. If they are just like the rest of the heavy gamblers, they probably wouldn't have saved enough money to start a business.

If they gamble, they will probably use their own casinos or sports betting platform. Win or lose, they are at least contributing to their business. And it's their own money they are playing and winning or losing. They win or they lose, but the money doesn't come out of their own control.

They might not often gamble or even not but for sure, they also have time to spend at the casino and enjoy themselves. But if we think they are gambling to make money, I guess they're not because they already know what are the results. Besides, they are doing this business for the gamblers. They are not gamblers now but the owner of the casino and I know that they are already happy seeing the people who use their platform.

crzy

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Quote from: Pierre 2 on February 13, 2023, 05:49:29 AM

I personally feel that they do. In my childhood I always wanted my dad to become shop owner so I could eat tonnes of snack for free. I think it's very similar with casino platform owners. They probably loved gambling, they always spent their life on it and probably in time they thought it could be very profitable business to own one... Its probably logical reasoning. I think they may decrease their gambling play time after they established casino. Casino owners are generally getting rich very quickly.

Are they still allowed to win the jackpot? Though most of the movies that I've watched, some owners are indeed into gambling as well but I'm not sure if its happening in real life. Anyway, regardless if they gamble or not they are still into gambling industry and we can consider them as a gambler as well. They have a huge business to run, so maybe playing is their only way to relieve their stress from their work. Casino requires a lot of money but if they are able to established a good site probably this can be an easy generating profit for them.

Pierre 2

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I personally feel that they do. In my childhood I always wanted my dad to become shop owner so I could eat tonnes of snack for free. I think it's very similar with casino platform owners. They probably loved gambling, they always spent their life on it and probably in time they thought it could be very profitable business to own one... Its probably logical reasoning. I think they may decrease their gambling play time after they established casino. Casino owners are generally getting rich very quickly.

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Quote from: KennyR on February 12, 2023, 07:07:26 PM

Quote from: harizen on February 12, 2023, 06:44:39 PM

Quote from: ?? on ??

I only know Eddie who is owner of Stake from this category, he usually don't wager much but he gambles on stream at Saturday. Afaik, the owners don't play that much for obvious reasons, it is his loss or win so it doesn't sound as cool as other gamblers play, IMO. Investing in the financial markets is best option, so they don't take gambling seriously. Imagine hitting max win and slot pays max win payout from your own budget.

We can't take this as an example because that is done through a live stream and more of a regular marketing park of the Stake.

I'm sure these owners don't really take gambling as their main activity because handling a company is really time-consuming.

Regardless, I do think that it's not a big deal if these owners gamble as long as they are taking properly of their business.

What the higher authorities of a gambling does is real marketing. We can't make a connect with real gambling. This doesn't gonna give any kind of feel or experience, because whether it is a win/loss this doesn't affect them in any means.

Owners focus will be much into diversifying the revenue generated out of any particular business. According to me, casino owners will be having more businesses. So, what's been earned will be invested on something else. We can't be sure to make the same revenue through gambling business all time.

Generally gambling tends to work more among middle class or lower income people. Can also do in higher classes but comparatively less. People who conduct this business spend most of their time on expanding and managing their business. They don't want to waste their precious time for little money. Betting wins and losses but those traders only focus on how to earn money. A gambler is willing to lose money but a business man is never willing to lose money. He may get less profit in the business but he is not willing to lose money like loss in a bet.

coin-investor

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Quote from: Renampun on February 12, 2023, 08:58:17 PM

Quote from: Rruchi man on February 10, 2023, 01:56:36 PM

...
Do you think that the owners of casinos and sports betting platform, gamble as much as other people do?

I don't have a friend who has a gambling business but I'm sure the owner of a gambling business is someone who has ever played gambling but his mindset has changed from a gambler to a gambling business owner and regarding whether they gamble as much as other people do, that's what has to be done we ask each gambling owner personally LOL.

Quote from: Rruchi man on February 10, 2023, 01:56:36 PM

If they gamble, do you think they gamble on their platform?

maybe they play on their gambling site for various purposes like testing their system or others but this is definitely a secret that must be kept by all gambling business owners. If they also play on the site they created, doesn't that appear as an act of fraud?

There's no fraud in it, it's not recommended that they play because they are not going to profit from doing so, if they are going to play their motivation should be in checking if their platform is doing great and they may act like a real gambler and don't think that they own the site, I read in one article where a clothing owner disguises himself as a customer to see if his staff is doing good in their customer support and to observe customers reaction, this is a good business practice.
But playing for the sake of playing or winning for owners is not good and just a waste of time.

Fundamentals Of

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Not as much probably. An owner of a casino or sports betting platform is probably more disciplined in gambling. That's probably why they have come to build their own business. If they are just like the rest of the heavy gamblers, they probably wouldn't have saved enough money to start a business.

If they gamble, they will probably use their own casinos or sports betting platform. Win or lose, they are at least contributing to their business. And it's their own money they are playing and winning or losing. They win or they lose, but the money doesn't come out of their own control.

Renampun

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Quote from: Rruchi man on February 10, 2023, 01:56:36 PM

...
Do you think that the owners of casinos and sports betting platform, gamble as much as other people do?

I don't have a friend who has a gambling business but I'm sure the owner of a gambling business is someone who has ever played gambling but his mindset has changed from a gambler to a gambling business owner and regarding whether they gamble as much as other people do, that's what has to be done we ask each gambling owner personally LOL.

Quote from: Rruchi man on February 10, 2023, 01:56:36 PM

If they gamble, do you think they gamble on their platform?

maybe they play on their gambling site for various purposes like testing their system or others but this is definitely a secret that must be kept by all gambling business owners. If they also play on the site they created, doesn't that appear as an act of fraud?

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Quote from: Volgastallion on February 12, 2023, 06:11:05 PM

Man this its like in drugs, the good seller never try his own product, and in the mayority of the cases they know and feel superior to all the idiots who are addicted to their shit.

Its easy as that. You maybe can know some owner who play but their can be two types:
- And addcit who can end destroying his own empire.
- A very disciplinate person who only play a few bucks for fun with some friends time to time.

A business owner can be very time disciplined so they will prefer to use their time to work, which can generate passive income rather than gambling. They know that gambling can make them addicted, especially by having their own casino where they can freely play gambling on the spot.

And only a stupid owner wants to destroy his own business empire by using a lot of money to play gambling. Or they could play gambling to entertain their business partners or introduce their business to their colleagues.

GxSTxV

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Quote from: Rruchi man on February 10, 2023, 01:56:36 PM

Farmers who have chickens for eggs especially on a large scale, easily get tired of eating the eggs from their chickens or even eggs in general. Caterers get tired of eating their own pastries, just as people who are exposed to certain produce get tired of them due to over exposure. Do you think this experience is the same for casino owners and owners of sports betting platforms?

Do you think that the owners of casinos and sports betting platform, gamble as much as other people do? If they gamble, do you think they gamble on their platform?

Imagine playing any casino game slots or live gambling such as BlackJack but in demo version where you get to play only with fake coins it’s going to be just a time waste without any benefits or excitement to spend much time as in real money gambling where all your emotions are present. Even if that owner uses his own money he knows winning or losing doesn’t make any difference so it’s going to be the same experiment where most probably he will get so bored.
This will be so different if he gambles in a different casino that he doesn’t own, knowing he will spend and risk real money but even though i don’t think owners of casinos doesn’t gamble that much and if they do surely they will do in different casino to get some excitement and enjoy

KennyR

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Quote from: harizen on February 12, 2023, 06:44:39 PM

Quote from: ?? on ??

I only know Eddie who is owner of Stake from this category, he usually don't wager much but he gambles on stream at Saturday. Afaik, the owners don't play that much for obvious reasons, it is his loss or win so it doesn't sound as cool as other gamblers play, IMO. Investing in the financial markets is best option, so they don't take gambling seriously. Imagine hitting max win and slot pays max win payout from your own budget.

We can't take this as an example because that is done through a live stream and more of a regular marketing park of the Stake.

I'm sure these owners don't really take gambling as their main activity because handling a company is really time-consuming.

Regardless, I do think that it's not a big deal if these owners gamble as long as they are taking properly of their business.

What the higher authorities of a gambling does is real marketing. We can't make a connect with real gambling. This doesn't gonna give any kind of feel or experience, because whether it is a win/loss this doesn't affect them in any means.

Owners focus will be much into diversifying the revenue generated out of any particular business. According to me, casino owners will be having more businesses. So, what's been earned will be invested on something else. We can't be sure to make the same revenue through gambling business all time.

goinmerry

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Quote from: Ryu_Ar1 on February 12, 2023, 04:10:52 PM

I don't know the certainty of this but most likely I don't think so.
The conditions are like you said about the other disclosures and in the country I live in now there is a very big cigarette factory but the owner even hates cigarettes.
Things like this can still happen for gambling. They do business in gambling does not mean they have to plunge into gambling and do gambling all day long. Moreover, they know that gambling is not something that can be profitable for businessmen like them because regardless of anything they are managers and the ones who get the most profit for what they do gambling again for reasons of fun they are not gambling anymore I think.

There are owners too that can't associate their entertainment part to the business part most of the time. There are lots of things on their hand that they can't do now the usual things they are doing before. Since handling any business requires hands-on, might be these owners can't find a way now to do gambling or they are just doing that during their free-time.

Either way, even they still do gamble or not, that was only for entertainment purposes.

harizen

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Quote from: ?? on ??

I only know Eddie who is owner of Stake from this category, he usually don't wager much but he gambles on stream at Saturday. Afaik, the owners don't play that much for obvious reasons, it is his loss or win so it doesn't sound as cool as other gamblers play, IMO. Investing in the financial markets is best option, so they don't take gambling seriously. Imagine hitting max win and slot pays max win payout from your own budget.

We can't take this as an example because that is done through a live stream and more of a regular marketing park of the Stake.

I'm sure these owners don't really take gambling as their main activity because handling a company is really time-consuming.

Regardless, I do think that it's not a big deal if these owners gamble as long as they are taking properly of their business.

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Quote from: serjent05 on February 12, 2023, 05:32:14 PM

I think Eddie's gambling is for marketing purposes, although I think that owner also gambles on their platform, I do not think that they gamble as much as other gamblers do. I believe gambler owners' time is preoccupied and is used to plan and make their business more profitable. So rather than wasting time gambling in his own platform, I think casino owner spend time analyzing the market and planning strategies on how to stay on top of the chain.

Casino owners usually plan several kinds of strategies that can be used for their platform, but it should be noted that for a new gambling place, it will require a very extra touch, meaning that the gambling owner will not be able to relax because he has to turn all the money in the gambling place to make it more profitable. there are many and there are no problems when someone withdraws a very large amount, but for now if the gambling place is big then the owner only does an analysis of the results of the gambling place that he has every day or every week.

Volgastallion

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Man this its like in drugs, the good seller never try his own product, and in the mayority of the cases they know and feel superior to all the idiots who are addicted to their shit.

Its easy as that. You maybe can know some owner who play but their can be two types:
- And addcit who can end destroying his own empire.
- A very disciplinate person who only play a few bucks for fun with some friends time to time.

serjent05

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Quote from: ?? on ??

I only know Eddie who is owner of Stake from this category, he usually don't wager much but he gambles on stream at Saturday. Afaik, the owners don't play that much for obvious reasons, it is his loss or win so it doesn't sound as cool as other gamblers play, IMO. Investing in the financial markets is best option, so they don't take gambling seriously. Imagine hitting max win and slot pays max win payout from your own budget.

I think Eddie's gambling is for marketing purposes, although I think that owner also gambles on their platform, I do not think that they gamble as much as other gamblers do. I believe gambler owners' time is preoccupied and is used to plan and make their business more profitable. So rather than wasting time gambling in his own platform, I think casino owner spend time analyzing the market and planning strategies on how to stay on top of the chain.

darkangel11

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Quote from: ?? on ??

I only know Eddie who is owner of Stake from this category, he usually don't wager much but he gambles on stream at Saturday. Afaik, the owners don't play that much for obvious reasons, it is his loss or win so it doesn't sound as cool as other gamblers play, IMO. Investing in the financial markets is best option, so they don't take gambling seriously. Imagine hitting max win and slot pays max win payout from your own budget.

If they can get a public win they can be accused of modifying their games, even if there's no proof for that there's always going to be people who think they're not really winning anything and it's just for show. If they lose it's counterproductive for the business. It just shows that even owners of the casino lose there so maybe it's unlucky or something. I think there's no good way to go about it if you're running a casino. It's like a baker eating his own bread in public. You start thinking there's something wrong with his sales if he has to go that far.

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Quote from: Rruchi man on February 10, 2023, 01:56:36 PM

Farmers who have chickens for eggs especially on a large scale, easily get tired of eating the eggs from their chickens or even eggs in general. Caterers get tired of eating their own pastries, just as people who are exposed to certain produce get tired of them due to over exposure. Do you think this experience is the same for casino owners and owners of sports betting platforms?

Do you think that the owners of casinos and sports betting platform, gamble as much as other people do? If they gamble, do you think they gamble on their platform?

There is an extra satisfaction you get when you consume the same goods over and over, you don't have to be a farmer to have this feeling, and you will get tired at the end of the day, but gambling, on the other hand, is all about addiction, there is no marginal utility or satisfaction you can get from gambling except winning of bets that can make you happy, and before you can achieve that, you may experience plenty of losses, that been said.

Low key, the casino owner understands gambling better than the players; they know why they established the platform; they wouldn't be so stupid to do so when they know they could lose everything (I'm talking about the sport aspect), but they might play the casino aspect for entertainment purposes with some dummy money (not real money). In my opinion, a businessperson will remain a businessperson.

TimeTeller

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Quote from: Ryu_Ar1 on February 12, 2023, 04:10:52 PM

I don't know the certainty of this but most likely I don't think so.
The conditions are like you said about the other disclosures and in the country I live in now there is a very big cigarette factory but the owner even hates cigarettes.
Things like this can still happen for gambling. They do business in gambling does not mean they have to plunge into gambling and do gambling all day long. Moreover, they know that gambling is not something that can be profitable for businessmen like them because regardless of anything they are managers and the ones who get the most profit for what they do gambling again for reasons of fun they are not gambling anymore I think.

That is actually true as it doesn't mean you are also a regular gambler if you do own a casino or a sportsbook.
Some maybe are just occasional gamblers who want to check their site if it is still working as it should be.
In fact, we don't know that information as owners are not disclosing about their identity, let alone their personal lives.
So what we can get from here are just speculations from the community, unless, one owner from a known site here will air his side.

Ryu_Ar1

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I don't know the certainty of this but most likely I don't think so.
The conditions are like you said about the other disclosures and in the country I live in now there is a very big cigarette factory but the owner even hates cigarettes.
Things like this can still happen for gambling. They do business in gambling does not mean they have to plunge into gambling and do gambling all day long. Moreover, they know that gambling is not something that can be profitable for businessmen like them because regardless of anything they are managers and the ones who get the most profit for what they do gambling again for reasons of fun they are not gambling anymore I think.

redsun114

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Quote from: PX-Z on February 12, 2023, 12:02:18 PM

I know someone who owns a casino that is open to what he usually do ^{(business related)} and share it on social media. A former gambler who saw a big opportunity in the industry, so yes, they have gambled.
Owning a casino means you know how it really works, because you profit from it. And that's why they don't gamble as much as any regular gamblers do.

You mean he gambles as well but he do it on purposes and it is part of his business? Well, I see no problem with that. We here play gambling as well even if we are not a business man. There is no problem with that too but of course as long as we do this in moderation that it won't affect us badly in terms of emotion, financial and physical.

Any business is opportunity but it only matters on how you run that business. Gambling is a profitable business but not all who ventures it are successful because not all have what it takes to become one but having an experience about the field that you are going to venture is always an advantage.

Topic: Do casino and sports betting platform owners gamble as much as other people? - page 2. (Read 689 times)