Do casino and sports betting platform owners gamble as much as other people? - page 3.

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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?

Op this is a good question though you started with a story that does not have relationship with you subject but the last part of the content is nice. The casino owners in the forum will have a very good answer on this question, but I believed they do gamble in other platform and not in their own casino platform. If a casino owners gambled in their own casino platform and win a bet or others who will pay him or are they doing it for fun? Probably they might play games to pass time if they are not doing anything at the moment to know their games more.

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Quote from: len01 on February 12, 2023, 08:31:17 AM

that's right, a casino owner would never have any interest in gambling or betting in his own casino or in any other casinos. because casino owners only think about getting more money or income from their business without wasting money on their own business.
casino owners are more interested in improving and growing their gambling business to be able to attract more gamblers to bet on their casinos and be able to get much bigger profits, rather than having to waste time and money on gambling.

The answer is, maybe yes, maybe no. because the fact is, we really don't know for sure. but ideally, a casino owner would not be gambling especially in his own casino platform. why, this is because it is closely related to maintaining professionalism as a casino business owner, especially if a platform casino is managed by a large company. In the modern age there are plenty of online casinos, I highly doubt that the casino owners also enjoy betting on sports or casino games. they do this business as professionally as possible, without involving pleasure with the business they are in.

But, I have another story. in our country, I know one of the casino bosses, as well as the lottery boss. "but that was" because I used to work for him, before things got illegal. I know, how much profit per day they get just from one of the land casino locations, they even have a lottery business. not infrequently, the boss often gambles but not in the land casino that he owns. but they often do gambling in neighboring countries, one of which is Macau or Marina Bay Sands. this explains, that casino owners can also have the same hobbies as us ordinary gamblers.

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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.

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Quote from: dothebeats on February 10, 2023, 02:40:04 PM

I know a casino owner personally and to tell you the truth, he established his platform because he has lots of friends who are frequent gamblers. He joins them in their gambling ventures before in order to get a hint of what do players want and what can he do in order to get a lot of players in his platform. After collecting intel and funds to establish his own platform, he rarely goes on to gamble. He's in it for the money-making opportunity, and I guess a lot of casino and sports betting platforms are the same. Not saying all, but probably a lot of them has this mindset.

That shows there's no definite answer to OP's question. It's like with that old saying that bartenders don't drink, because they see so many people get drunk every day that it takes the pleasure away from the drink.

It's the same with mechanics. Some repair cars in their free time after work and some can't look at this stuff when they get home. They prefer to watch TV or something.

If I were to say I'd expect most casino owners to gamble much less than their clients do.

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

That's an interesting question, I never really thought about if casino owners are using their own platforms. To a certain extent it makes sense for any owner to actually use their own casino. Only as gambler you will see how well your casino is running and if the website and games are running flawlessly. For that the owner could create demo accounts and wouldn't have to real use real money. If the owners enjoy gambling and want to see what the competiton is doing it would also make sense to have accounts and the other big casinos. But gambling large sums would be better to do at their own casino. Another question if any money the owner makes is better to be paid out as a salary or maybe as gambling win. This depends on the tax rates in the respective country, and maybe it's worth it to pay some money as a form of free bets.

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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?

I don't think they will have enough time to gamble that much compared to a professional Gambler but they do gamble cause even if they win or lose on their own platform it won't make any changes in their pocket. The owners will treat it as business and try to be professional and I do hear most casino owner have lot of business to handle so time will be their main issue when it comes to their entertainment factor.

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A casino owner with a lot of money will take his gambling in his own way. After all, investing in a casino is also a certain degree of gambling if you think about it, of course. And he knows that a lot of gambling can normally eventually lead you to bankruptcy. Surely a wealthy casino owner has better ways to manage his money than gambling? He could gamble it away in his own casino, then he won't lose anything and he might still feel the kick and adrenaline. But when customers gamble, he is actually already gambling because he can also lose if customers win a lot of money.

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Quote from: len01 on February 12, 2023, 08:31:17 AM

Quote from: Crypt0Gore on February 12, 2023, 02:26:37 AM

Casino owners understand the game more than anybody, they know how their games are wired so my answer is NO, casino games are wired to make you lose more than you win, they will rather sit back and watch you buy the lottery ticket, running casino makes them rich, why would they want to play themselves? Believe me, they refer to stay away, it's the game of the rich and the poor, winning less and losing more makes casino owners extremely rich. Let that sink in.

that's right, a casino owner would never have any interest in gambling or betting in his own casino or in any other casinos. because casino owners only think about getting more money or income from their business without wasting money on their own business.
casino owners are more interested in improving and growing their gambling business to be able to attract more gamblers to bet on their casinos and be able to get much bigger profits, rather than having to waste time and money on gambling.

A casino owner is always busy with his own business. He does not have much time for personal gambling. But if a casino owner wants he can do gambling. I have not found any information where a casino owner gamble personally. Because he is so busy that he has no time to look at the other side. Moreover, a casino owner may have multiple business sectors and those who are involved in such big business usually do not gamble but someone can be exceptional. Those who conducting small casino business they can do it. One can win big from the casino but the business owner are always on top Because they have no possibility of losing.

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

As far as I know 'no' they are the owners of online casino gambling sites, never gamble, just like the owners of cigarette factories, the owners don't smoke.
The reason: The owner knows the risks and dangers of gambling & also the dangers of smoking, this example is real.

I once asked a person, he used to own a land casino, now that person's land casino is closed, the reason for the lack of visitors, in short: he switched to an online casino, I asked exactly what you asked here.
Answer:
That person has never gambled anywhere, whether it's his own gambling platform or someone else's gambling platform, the reason is he doesn't have time, because he has to control and monitor their gambling platform and spend almost 24 hours a day, that reason apart from the risks that I said above, the reason their money has a monthly and yearly turnover, so they/owners never gamble anywhere.

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Quote from: slapper on February 12, 2023, 07:22:07 AM

Quote from: danherbias07 on February 12, 2023, 02:45:37 AM

Yes, I do think they also gamble on their own platform.

We cannot compare it with food businesses though. It's different.
Gambling has a factor that most people will find not tiring to do habitually. For sports bettors, it's not just about the money they gamble but also the game in line especially if they are a fan of the team or a player.
Though Casino games might become tiring in the long run but because of the wide variety of games they offer, a gambler can find himself entertained again when they switch games.
Slots especially, there are different kinds of it now and some of them are really fun.

I understand the excitement and attraction of gambling, whether it is sports betting or casino gaming. Nevertheless, I believe there would be a major conflict if casino owners gambled on their own platform. It's like being both the judge and the defendant at once. Regarding the operation of a casino, it is crucial to keep professionalism and objectivity.

Furthermore, it is intriguing to see how different sorts of games and betting possibilities may appeal to various types of gamblers. From sports bettors who have a personal stake in the result of a game to those who love the excitement of playing slot machines with a variety of themes, there are a wide range of individuals who enjoy gambling. I believe it's essential for casino owners to continuously review and provide a wide variety of games to keep their consumers amused and interested.

And that might also be a good reason why they will keep on playing. Be the customer first so that they will know what is lacking on their site.
They cannot just be owners who just take money from their business, they must also know the side of the customers if they want a bountiful harvest.
That could be their way to identify what bonuses and events they should bring in to pull more players/gamblers.
As a casino owner, you cannot just wait for the cash to flow in, there must be a long-term goal and that means keeping the gamblers excited by creating a lot of events for them.
The easiest way to identify that is by playing on the other side, the gambler's side.

len01

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Quote from: Crypt0Gore on February 12, 2023, 02:26:37 AM

Casino owners understand the game more than anybody, they know how their games are wired so my answer is NO, casino games are wired to make you lose more than you win, they will rather sit back and watch you buy the lottery ticket, running casino makes them rich, why would they want to play themselves? Believe me, they refer to stay away, it's the game of the rich and the poor, winning less and losing more makes casino owners extremely rich. Let that sink in.

that's right, a casino owner would never have any interest in gambling or betting in his own casino or in any other casinos. because casino owners only think about getting more money or income from their business without wasting money on their own business.
casino owners are more interested in improving and growing their gambling business to be able to attract more gamblers to bet on their casinos and be able to get much bigger profits, rather than having to waste time and money on gambling.

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Quote from: danherbias07 on February 12, 2023, 02:45:37 AM

Yes, I do think they also gamble on their own platform.

We cannot compare it with food businesses though. It's different.
Gambling has a factor that most people will find not tiring to do habitually. For sports bettors, it's not just about the money they gamble but also the game in line especially if they are a fan of the team or a player.
Though Casino games might become tiring in the long run but because of the wide variety of games they offer, a gambler can find himself entertained again when they switch games.
Slots especially, there are different kinds of it now and some of them are really fun.

I understand the excitement and attraction of gambling, whether it is sports betting or casino gaming. Nevertheless, I believe there would be a major conflict if casino owners gambled on their own platform. It's like being both the judge and the defendant at once. Regarding the operation of a casino, it is crucial to keep professionalism and objectivity.

Furthermore, it is intriguing to see how different sorts of games and betting possibilities may appeal to various types of gamblers. From sports bettors who have a personal stake in the result of a game to those who love the excitement of playing slot machines with a variety of themes, there are a wide range of individuals who enjoy gambling. I believe it's essential for casino owners to continuously review and provide a wide variety of games to keep their consumers amused and interested.

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Quote from: nakamura12 on February 11, 2023, 12:24:29 PM

I don't know if this applies to all casino and sports betting platforms but I think they would also gamble in their own casino but I think they wouldn't spend too much time gambling in their own casino since they are owners then I think that they should be busy with other things too and plus the casino they own too. It could also be means testing their own casino. After all, it is a business and they don't wnat to gamble in someone else's gambling platform. Why

Although i don't see any reason why the gambling owners will gamble on their own casino expect that by gambling themselves it will be seems that someone is very active in their site and taking high risks, so others will be tempted to do so. In fact the casino, where the traffic is less, the owner can deploy few of his staff to keep gambling so that other players knows that the gamblers are active on this casino.

Really, its hard for me to find any positive reason as why would the owner of the betting site will bet on his site which he can't win and lose from his own money or casino.

danherbias07

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Yes, I do think they also gamble on their own platform.

We cannot compare it with food businesses though. It's different.
Gambling has a factor that most people will find not tiring to do habitually. For sports bettors, it's not just about the money they gamble but also the game in line especially if they are a fan of the team or a player.
Though Casino games might become tiring in the long run but because of the wide variety of games they offer, a gambler can find himself entertained again when they switch games.
Slots especially, there are different kinds of it now and some of them are really fun.

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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?

They probably don't unless they get rich first. That's because one can simply not get rich playing unless he fucks over the platform he is playing on. (in other words stealing from them) That's how gambling works. The casino wants your money and you want the casino's money. Somebody will have to bend.

If the casino owner plays with his own money (on somebody else's casino) he will lose that money to somebody else. The aim of the casino owner is making money and once they start making more and more, they will probably never ever think about playing because playing would mean losing.

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Quote from: Accardo on February 12, 2023, 02:15:11 AM

Quote from: ryzaadit on February 10, 2023, 02:15:51 PM

Based on the story podcast on my local youtube with a former people who work in-casino (Thailand).

I don't think the top people who have some position like leader especially owner/ceo or other top position is gonna to gamble on their casino. But the one who are gambler to their casino is their employee.

It's common things, while people who working on casino are gambler as well. Sad to hear this, but casino/landbase should make some rules (All of the employee cannot betting to their casino, avoiding the payment check is back to them again).

Like "Ferarri" rules to their employee, they don't want the money they're pay are going back again to their company by buying the car.

I don't think this is right, those working in casino, not all know a thing about gambling. The croupiers are there to set things up or make arrangements for live games. Seeing them as gamblers can be wrong because most of them don't gamble and the CEO won't need such as it can ruin their business. The employees won't be serious with the business. Even in real casinos players always get disappointed with the void answers casino workers give to their questions, showing that they know nothing about how a machine works or the bonus a machine pays out. In addition, the few who gamble may not be allowed to play in the same casino where they work.

seem logical for casino to have rules like that. not allowing thier employees to gamble after all who knows best about gambling addiction but the casino's head office? they know this like the back of thier hands and they don't wanna handle these issues on thier employees.

but i bet they gamble secretly somewhere else or online at the competitor's casino. they got to spy on the competitor and hope to win.

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Casino owners understand the game more than anybody, they know how their games are wired so my answer is NO, casino games are wired to make you lose more than you win, they will rather sit back and watch you buy the lottery ticket, running casino makes them rich, why would they want to play themselves? Believe me, they refer to stay away, it's the game of the rich and the poor, winning less and losing more makes casino owners extremely rich. Let that sink in.

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Quote from: ryzaadit on February 10, 2023, 02:15:51 PM

Based on the story podcast on my local youtube with a former people who work in-casino (Thailand).

I don't think the top people who have some position like leader especially owner/ceo or other top position is gonna to gamble on their casino. But the one who are gambler to their casino is their employee.

It's common things, while people who working on casino are gambler as well. Sad to hear this, but casino/landbase should make some rules (All of the employee cannot betting to their casino, avoiding the payment check is back to them again).

Like "Ferarri" rules to their employee, they don't want the money they're pay are going back again to their company by buying the car.

I don't think this is right, those working in casino, not all know a thing about gambling. The croupiers are there to set things up or make arrangements for live games. Seeing them as gamblers can be wrong because most of them don't gamble and the CEO won't need such as it can ruin their business. The employees won't be serious with the business. Even in real casinos players always get disappointed with the void answers casino workers give to their questions, showing that they know nothing about how a machine works or the bonus a machine pays out. In addition, the few who gamble may not be allowed to play in the same casino where they work.

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I think someone who create casino is started from become a gambler and keep losing, then he realized if become a gambler you have no way to win, instead of that he create his own casino in order to make profit in gambling niche. I don't think the casino's owner want to gamble, they might gamble but it's just for fun especially betting with his friend in their favorite sport. The casino owner already mature, he will spend his money to expand his business rather than wasting money.

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Quote from: worle1bm on February 12, 2023, 01:08:26 AM

I don't have much knowledge on this matter as there have been not any such interaction with casino owners or seen podcast where such talks were discussed.But if we talk in general then according to me it's business for them and they don't gamble on their casino but look after all the matters but on the special occasions or say testing phase they might gamble also with other players as business strategy but not on regular basis as shop owners don't eat from their shops all the time.

It will be up to them whether they want to gamble in their own or another casino. After all, we will never know if they play gambling in any casino because they will hide their identity so that no one knows if they are casino owners. But I feel they will not have time to play gambling because they are busy taking care of their business, especially if they have a lot of business. They are better off using their free time to gather with their families or do other things that have nothing to do with gambling.

Topic: Do casino and sports betting platform owners gamble as much as other people? - page 3. (Read 704 times)