Pages:
Author

Topic: Do Owners of betting companies bet? (Read 1691 times)

sr. member
Activity: 1078
Merit: 254
June 15, 2024, 09:41:06 AM
I don't see any reason why the owner of a betting bet because technically the money is going back to you, what institution whereby the company belongs to different people I don't know, you will even gamble, I just prefer you to do other things, or finding a means of making money than this, this is because you definitely regret if you put yourself on that situation, I don't feel like it really comfortable for owner to gamble, it really looks like a problem that can't be solved if you start it because it was turn to habit
hero member
Activity: 1708
Merit: 566
Leading Crypto Sports Betting & Casino Platform
June 15, 2024, 09:26:06 AM
I don't know whether a casino owner is also involved with the casino site they own or not, because so far I've only found people who ask this question, but yes sometimes I also think about that, but in my opinion if they really want to gamble then definitely They will prefer to gamble at their casino regardless of physical or online casino, because of course they already know about how Kasimo actually aims to create gambling.

Overall, casinos create gambling, which is for business and as we know, a business must have a goal of making a profit, and casinos make the "chance of winning" something to attract people to continue gambling by setting the winning percentage much lower than loss, meaning that if the casino owner is involved in another casino then it is the same as them giving their money to the casino owner, so this is the reason why I think that it is very likely that someone who owns a casino will definitely prefer to gamble at their own casino, because Win or lose, it still goes into his or his company's bankroll.
hero member
Activity: 1694
Merit: 691
Vave.com - Crypto Casino
June 15, 2024, 09:08:36 AM
They will gambling of course with their casino and we know owner of the large casinos surely will spend a lot too their money because in return it will added into their pools of jackpot and as you are the owner you must need to control yourself too its your business and you don't want to lose your business right. Possible they will play just to experience what other gambler does, the excitement, fun and joy playing gambling. Even if they lose they don't have the rights to make changes with the rules implemented because they are not the only players on that particular game. Any changes in the production might affect the game.
As a casino owner who knows the ways and or tricks about the weaknesses of a home-based game, of course the owner must have access to it to see this, I also have a casino owner friend in my area and he knows that he has a back door if he wants to joke with the machines he uses to play. but if you mean gambling on soccer bets, I think you can and maybe a lot of casino owners can bet on the team they support on their own casino platform.
But if you mean gambling on soccer bets I think you can and probably a lot of casino owners can bet on the team they support on their own casino platform.

Sometimes I am ambiguous about the relationship between the house and the casino owner, it is quite questionable whether he really plays the same as the customers usually play or indeed he has the key to the house itself so I can assume that the house owner cannot play in his own house.
legendary
Activity: 1708
Merit: 1280
Top Crypto Casino
June 14, 2024, 11:45:26 PM
They will gambling of course with their casino and we know owner of the large casinos surely will spend a lot too their money because in return it will added into their pools of jackpot and as you are the owner you must need to control yourself too its your business and you don't want to lose your business right. Possible they will play just to experience what other gambler does, the excitement, fun and joy playing gambling. Even if they lose they don't have the rights to make changes with the rules implemented because they are not the only players on that particular game. Any changes in the production might affect the game.
member
Activity: 364
Merit: 89
Reward: 10M Shen (Approx. 5000 BNB) Bounty
June 14, 2024, 08:14:54 PM
I think people who are in good position to answer this question is/are those who follow the owner of those bet company or those company owner themselves.

But being a company owner doesn't mean one know what to play or it doesn't mean they are at a better ground or advantage to win and I think some of those bet company owner don't even play bet.
sr. member
Activity: 490
Merit: 325
May 16, 2024, 04:20:33 PM
I would imagine that owners of betting companies do bet yes. To be interested in and get involved in setting up a casino or sportsbook you would expect that one has to have a significant interest in gambling.

Obviously it’s a business where the motive is to make money from others losing bets but the owners of hetting sites most likely do gamble yes.

For any CEO of a betting company, they would understand what they are selling to people, so gambling is what they should like but gambling in their own casino with money driven is going to be a no. Why are you risking money to bet when you are expecting people to lose so you can earn more? If owner of a casino is betting, it's going to be for testing of user experience and perhaps to know where there is flaw, how people experience in the casino and wouldn't be for the money.

A business place is a business place, If the casino is to be a joint business, I'm not sure there is going to be  a better explanation if you are winning a lot of money from a company you all dedicated your life to built. Who will account for the losses.  Cheesy
hero member
Activity: 910
Merit: 636
May 16, 2024, 03:23:01 PM
Owners of betting companies don’t have the time to place a bet and it may not be useful because he is also paying himself, unless it a business that has a share holders and maybe the owners of the company has 50% and he can know gamble because everyone in the company deal with percentage
I don't think there's any law that stops owners of a gambling platform to place a bet on any other platforms or with there's, I don't know if I'm right though but I think it takes someone who's experienced in gambling to own a gambling platform therefore I feel most casino owners do gamble when they're less busy or place bets on their favourite sports teams. I don't think there's any rules or law against that.

 Another thing is that, if the said individual is a gambler then they'll definitely bet with their own company. They're humans like everyone and they have choices and if one chooses to gambler whether as the businesses owner or not them they're good to go so far they gamble responsibly of which I believe they'll since they've already had the experience or have experienced board members surrounding them.
Probably any members and employees are prohibited from playing in their own gambling company, but I’m not sure. They probably do this so that if they win big, they won’t be suspected of cheating. Just imagine a situation when the director of a gambling company wins one of the biggest winnings. Of course, ordinary players who played there will immediately suspect him of tricks. And other responsible persons may begin to investigate him due to suspicion of money laundering. So in general, I think many directors of gambling casinos play, but try not to make huge bets so as not to attract attention to themselves.
hero member
Activity: 952
Merit: 552
May 16, 2024, 03:19:37 PM
Owners of betting companies don’t have the time to place a bet and it may not be useful because he is also paying himself, unless it a business that has a share holders and maybe the owners of the company has 50% and he can know gamble because everyone in the company deal with percentage

I believe that a person who runs a business and generate their targeted business will be busy with how efficient the business will last and how it's going to be generating more money for the company and not be busy playing. I'm not sure if the company is even going to allow it's staff to play in their own personal casino because it's wouldn't go well for the casino, imagine the owner of the betting company playing and then he won millions, who is going to pay him the millions?

If a person runs a casino, the aim and objectives will be how to accumulate more money instead of how to remove the money from company, even the staffs employed wouldn't be allow because they will suspect and will think he cheated, everyone will think the same thing especially if it's a casino games or any game that will be running from the system which they know it's possible to manipulate from within the system.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
May 16, 2024, 03:08:05 PM
I would imagine that owners of betting companies do bet yes. To be interested in and get involved in setting up a casino or sportsbook you would expect that one has to have a significant interest in gambling.

Obviously it’s a business where the motive is to make money from others losing bets but the owners of hetting sites most likely do gamble yes.
member
Activity: 224
Merit: 42
May 16, 2024, 03:01:37 PM
Owners of betting companies don’t have the time to place a bet and it may not be useful because he is also paying himself, unless it a business that has a share holders and maybe the owners of the company has 50% and he can know gamble because everyone in the company deal with percentage
I don't think there's any law that stops owners of a gambling platform to place a bet on any other platforms or with there's, I don't know if I'm right though but I think it takes someone who's experienced in gambling to own a gambling platform therefore I feel most casino owners do gamble when they're less busy or place bets on their favourite sports teams. I don't think there's any rules or law against that.

 Another thing is that, if the said individual is a gambler then they'll definitely bet with their own company. They're humans like everyone and they have choices and if one chooses to gambler whether as the businesses owner or not them they're good to go so far they gamble responsibly of which I believe they'll since they've already had the experience or have experienced board members surrounding them.
There is no law that stand against owners of betting companies, the only laws I know of is this. Owners of betting companies are always allowed to bet but in as much as it's consern, there is not rewards if the owners of betting companies bet in their own casinos because they have the money to themselves, so when they win who's gonna pay? They might try to gamble and test their luck in other casinos that's not owned by them.

Exactly. They can gamble with other casinos not there own, as you have said who gonna pay them? It still there money, I believe opening a casino is for business and as such expecting profit so they care about having more customer base and more gamblers to increase, he won't sit and watch or provide a suitable environment for gamblers to win, his concern is how to remain relevant and grow not sit and gamble.

He can gamble else where to try, test and also see things for himself and might likely apply any new options to his from such exposure.
sr. member
Activity: 476
Merit: 337
May 16, 2024, 02:06:47 PM
Owners of betting companies don’t have the time to place a bet and it may not be useful because he is also paying himself, unless it a business that has a share holders and maybe the owners of the company has 50% and he can know gamble because everyone in the company deal with percentage
I don't think there's any law that stops owners of a gambling platform to place a bet on any other platforms or with there's, I don't know if I'm right though but I think it takes someone who's experienced in gambling to own a gambling platform therefore I feel most casino owners do gamble when they're less busy or place bets on their favourite sports teams. I don't think there's any rules or law against that.

 Another thing is that, if the said individual is a gambler then they'll definitely bet with their own company. They're humans like everyone and they have choices and if one chooses to gambler whether as the businesses owner or not them they're good to go so far they gamble responsibly of which I believe they'll since they've already had the experience or have experienced board members surrounding them.
There is no law that stand against owners of betting companies, the only laws I know of is this. Owners of betting companies are always allowed to bet but in as much as it's consern, there is not rewards if the owners of betting companies bet in their own casinos because they have the money to themselves, so when they win who's gonna pay? They might try to gamble and test their luck in other casinos that's not owned by them.
hero member
Activity: 616
Merit: 749
May 16, 2024, 01:54:33 PM
Owners of betting companies don’t have the time to place a bet and it may not be useful because he is also paying himself, unless it a business that has a share holders and maybe the owners of the company has 50% and he can know gamble because everyone in the company deal with percentage
I don't think there's any law that stops owners of a gambling platform to place a bet on any other platforms or with there's, I don't know if I'm right though but I think it takes someone who's experienced in gambling to own a gambling platform therefore I feel most casino owners do gamble when they're less busy or place bets on their favourite sports teams. I don't think there's any rules or law against that.

 Another thing is that, if the said individual is a gambler then they'll definitely bet with their own company. They're humans like everyone and they have choices and if one chooses to gambler whether as the businesses owner or not them they're good to go so far they gamble responsibly of which I believe they'll since they've already had the experience or have experienced board members surrounding them.
sr. member
Activity: 1078
Merit: 254
May 16, 2024, 01:45:22 PM
Well, I don’t believe the owner of Betty placing a bet in the platform unless it’s a complaint that has a lot of show maybe the owner of the company which is the founder have just about 40 to 50% and he may decide to make more money on listing his personal gambling because the money is only if the person is a gambler that is the only way the person will going to enjoy it
sr. member
Activity: 546
Merit: 342
May 11, 2024, 04:39:08 AM
Owners of betting companies don’t have the time to place a bet and it may not be useful because he is also paying himself, unless it a business that has a share holders and maybe the owners of the company has 50% and he can know gamble because everyone in the company deal with percentage
What is the need of them betting? If they bet and win, who will pay? So there is no benefits of them betting, they pay the winners and who will pay them if they win? No body give a fuck about them, gamblers want to win and many gamblers don't care about the owners of the casinos they only care about the amount they want to win.
Sometimes casino owners stand on their empire, their purpose is sometimes just to visit what they have created, they do not necessarily win money, they just happen to want to know what it feels like to win after years of putting that practice into business. Obviously, the staff also didn't completely know who the owner of the casino was, so impersonating and becoming a player made more sense, as you said, a player who focuses on rewards but casino owners no longer put that emphasis on it, they need more thrill in life.
I don't know if you haven't actually experience the thrills of that particular winning feeling although it's pointless for a casino owners but I do believe some of these casino owner were maybe at one point in their life also gambling or had little experience and believe me who ever have had the experience will likely go and test it out not that am stipulating that they do gamble or anything but sometimes they might likely want to feel the rush.
sr. member
Activity: 1666
Merit: 426
May 11, 2024, 04:17:22 AM
~
One of the advantages a casino owners have is that they already knows the odds that played all the time, already they have specialists that deals on the odds and the odds specialists are not allowed to play because they know what odds that played and the one that get lost.
I will like to bet with a casino owner because as he already knows the odds which means anyone he plays will come and as he's playing I will also bet on that same odds too.
Some times the casino owner game might cut but there is always a possibility that his winning will be higher than his losing.
It's an advantage not a go signal, an advantage doesn't mean that you can do it. Casino owners are just like any athletes in sports out there, they can bet but it would be a violation to do so because they're involved in the game and it's unfair that they can directly manipulate what might happen in the game that they've put their bet on. Take this hypothesis as an example, imagine Michael Jordan betting on a Bulls game against someone and he decides to bet on the other team for the higher odds which means that he wouldn't be playing fairly in the game and on the betting because there's some manipulation and throwing of the game, see where I'm going with this? That's why I don't think that casino owners don't gamble on their own casino, not to mention that they're probably just getting their own money back, it's circular pattern with no profit for them.
hero member
Activity: 896
Merit: 586
Leading Crypto Sports Betting & Casino Platform
May 11, 2024, 04:15:52 AM
Owners of betting companies don’t have the time to place a bet and it may not be useful because he is also paying himself, unless it a business that has a share holders and maybe the owners of the company has 50% and he can know gamble because everyone in the company deal with percentage
What is the need of them betting? If they bet and win, who will pay? So there is no benefits of them betting, they pay the winners and who will pay them if they win? No body give a fuck about them, gamblers want to win and many gamblers don't care about the owners of the casinos they only care about the amount they want to win.
A casino owner does not need to be a gambler so that he does not become an addict since he can play any game he wants, because they are on the top of his fingertips. If he wins you don't expect him to be paid. Any business that render services or goods that can lead to addiction, it is not a safe practice for the owner to be a consumer of that goods and services because it can lead him to addiction and he might loose focus on his goal.

This is why I feel that casino owners might not be gambling, but if any of them gambles it shoukd be done in his casino.
hero member
Activity: 1526
Merit: 501
DGbet.fun - Crypto Sportsbook
May 11, 2024, 04:10:30 AM
Owners of betting companies don’t have the time to place a bet and it may not be useful because he is also paying himself, unless it a business that has a share holders and maybe the owners of the company has 50% and he can know gamble because everyone in the company deal with percentage
What is the need of them betting? If they bet and win, who will pay? So there is no benefits of them betting, they pay the winners and who will pay them if they win? No body give a fuck about them, gamblers want to win and many gamblers don't care about the owners of the casinos they only care about the amount they want to win.
Sometimes casino owners stand on their empire, their purpose is sometimes just to visit what they have created, they do not necessarily win money, they just happen to want to know what it feels like to win after years of putting that practice into business. Obviously, the staff also didn't completely know who the owner of the casino was, so impersonating and becoming a player made more sense, as you said, a player who focuses on rewards but casino owners no longer put that emphasis on it, they need more thrill in life.
sr. member
Activity: 434
Merit: 265
Sibi Dabo,,,,,,, Teme Ini Na Sime
May 11, 2024, 03:58:19 AM
Owners of betting companies don’t have the time to place a bet and it may not be useful because he is also paying himself, unless it a business that has a share holders and maybe the owners of the company has 50% and he can know gamble because everyone in the company deal with percentage
What is the need of them betting? If they bet and win, who will pay? So there is no benefits of them betting, they pay the winners and who will pay them if they win? No body give a fuck about them, gamblers want to win and many gamblers don't care about the owners of the casinos they only care about the amount they want to win.
sr. member
Activity: 1078
Merit: 254
May 11, 2024, 03:34:45 AM
Owners of betting companies don’t have the time to place a bet and it may not be useful because he is also paying himself, unless it a business that has a share holders and maybe the owners of the company has 50% and he can know gamble because everyone in the company deal with percentage
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
May 03, 2024, 06:47:11 AM
Do owners of betting companies place bet on their own platform or is there a policy specific policy that restricts them from betting. Do you think that there would be conflict of interest or that it will be unethical if owners bet on their own platforms. These are the questions that I am seeking an answer to.
Op there is no restricrion when it comes To individual betting And there is no Law that prevents the owners of betting shops not To bet it all depends on the individual And Choice. If the owner of a betting shop see an opportunity And potential chances To win , he or she will bet , beside i have seen several people who are owners of betting shop visit another betting shop To place their bets instead of their own And when i tried To enquire why they are doing such . He said that it is financial discipline that If he decides To bet in his shop he might end up not paying for the bets So he prefers another betting shop .

Lastly most of the owners of  betting shops are chronic Gamblers And often bets from time To time , they also Find money just like you and i And besides they are just Agents  And not the exact owners of the shops . And as such they try also To practice the betting To know If luck will shine  on them Too
If normal individuals, I see nothing wrong with that but betting shop owners seems to have their own different title. There are lots of things that can go wrong if they will also join the competition, unless if they will be transparent with it just like Eddie in Stake. It makes the game more exciting instead of worrying.

The owners of the betting shops are already a winner by the time they open up their business and there is no need to be greedy anymore. With that, I think yeah that they are chronic gamblers but that's kinda amazing, especially if they did not lose all their money in another betting platforms. I thought that if we have a problem and we open a business it will only affect it negatively but it might also be a way for us to change and discipline our selves.
Pages:
Jump to: