Do Owners of betting companies bet? - page 12.

famososMuertos

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Quote from: alastantiger on November 11, 2023, 11:37:18 AM

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Oh! What difference would your context have if it included that it is known that someone involved with the casino is abusing the promotions? It's not just the owner, it could be anyone. There are policies that say that certain promotions do not include workers and/or their families.

On the other hand, I don't know why there is always the view that someone who runs a casino has to care about gambling or have an affinity for it, it is only there because it is a business, which in most cases, many of the investors They are just that, investors.

To all this, unless, as I mentioned, this harms third parties, then, a nickname that in its kyc says: I am the owner. What is the problem, none.

ethereumhunter

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I don't know the exact answer to whether the betting company owner places bets on his platform or somewhere else. But maybe they place a bet because they know the estimate of the team that will win so they also want to get additional profits from gambling. But even if they don't place a bet, they still make a profit from gambling. After all, we don't know the truth and can only guess and if you want to know the real answer, you can ask the owner of the betting company. But I don't think they want to give the right answer.

Litzki1990

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Betting company owners run the betting, as they are in charge of management so they may not have much time for betting. Suppose you are the managing director of a company, then do you work alone or do you manage the work of the employees working in your company? Our thinking is to make profit by betting and their thinking is to make profit by managing bets. A gambling based organization or casino based organization runs this type of activity by earning a lot of money so they don't need to play extra gambling to earn extra money. My personal opinion is like this but sometimes many jackpot offers are offered there maybe some person in the gambling establishment is betting.

BitcoinTurk

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Of course, it is important to remember that since these people generally have a gambling history and are knowledgeable about gambling, their gambling habits continue after they operate a casino. To comment specifically on these people I think their general purpose of gambling is for fun. Even though the money belongs to their business, if they gamble in their own casinos and make a winning, it is as if the money actually went out of the right pocket and went into the left pocket.

I also think that these people gamble regularly to try and experience new games themselves before adding them to their casinos. This is both part of the job and a form of fun that one doesn't want to be deprived of.

Westinhome

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Quote from: pawanjain on November 12, 2023, 08:18:18 AM

If he's the owner then can change any rule and so he can do anything on the site including playing whenever he likes.
But we can't say whether any owner gambles on his own site until any casino site owner confirms it himself.
It's obvious that it won't do him any good other than playing just for fun.
It's his own money and it will remain with him whether he wins or loses.

If the gambling sites owner had decided to play for the game,it should be played only for the fun.If he decided to get the win form the gambling site by altering the rules,So it won’t be the good game at all.The gambler who had sufficient knowledge in the gambling need to play the game and build the tactics to win the game.Only the few times the gambling game was based on the luck and most of the time the gambling game was based on the skill based game and easy win for the skill by gambler.

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Quote from: Cookdata on November 12, 2023, 08:08:23 AM

Quote from: alastantiger on November 11, 2023, 11:37:18 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.

When you run the affairs of a betting company, what you are after is the revenue maximization and payout minimization. You have no business in playing because it's not like trading that you might have first hand information that you might want to buy before outsiders have access to. Gambling is gambling, whether you work with the company or you are an outsider, if the betting platform is probably fair to everyone, the result is going to be the same.

But who knows, may be the owner might want to try out what he sell to the public, maybe when they are bored and watch sports, they might want to play and catch fun, just for the fun and the money wager will not be something big because I don't think they will ever expect something from it. Instead of losing to the company, why not allow the company win from the outside customers to have more external generated revenue.

Although, for physical based casino where an individual from the company will be needed to play against outsiders. Like the blackjack and many other casino games that need multiolayer before they can enjoy the game. This is where a super active gambler is needed to play against an outside.

The goal is to maximize revenue and minimize payment, right? That's gaming. You say gambling is gambling whether you're in the company or not. Remember, knowledge is power, especially in gambling

What about the owner playing for fun? Interesting. They're after thrills, not wins. The move is smart. They're not expecting major wins, therefore the stakes are minimal. Test the waters without diving in. It gets intriguing when gambling psychology is considered. Even if they're only having fun, the excitement and rush are addictive. Human nature. We adore the game, the risk, and the little chance of winning large

And yes, Blackjack, poker, and other games need human faces. So enter the company's gambler. They're party animals and thrill-seekers. They're creating an experience, not just playing. Gambling is about that, right? Experience, atmosphere, chance. Gambling is complicated. Many layers of strategy, psychology, and luck. Truly fascinating

Orpichukwu

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Quote from: alastantiger on November 11, 2023, 11:37:18 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.

I believe most casino owners are game lovers, and once in a while they will like to gamble, but the main purpose of gambling is for fun and not about winning, as they are already making enough money from their casino, and winning means they are still going to pay themselves.

The kind of gambling I believe most of them get involved in is live gambling, where they make some live betting with their follower millionaires, and such kind of gambling they play off the casino, but they can still gamble on their own casino when ever they feel bored and also want to try out how their games are. They can gamble in their own casino, but that does not mean they are going to manipulate things in their own favour.

I don't think there is any rule restricting casino owners from gambling in their own casinos unless there is some kind of manipulation they can do that will make regulators restrict them from playing in their own.

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Quote from: alastantiger on November 11, 2023, 11:37:18 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.

As far as I know if you are working in a casino, you are not allowed to gamble since there might be a conflict of interest and of course you might already know how to trick the house and win big, this also applies to your relatives if I'm not mistaken. Though I'm sure the owner is also a gambler and for sure they are able to gamble somewhere else not just to gamble but to make a deal and a good investment, just like what's in the movies most of the time.

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Quote from: coin-investor on November 12, 2023, 07:05:21 AM

But when it comes to land-based casinos it is very unethical to see anyone in the rank and files of the casino playing in their own casino, their clients will see this and this is not a good image they portrayed, it's a different perspective on online and offline, this is one of the rare instances where the online and offline policy differs.

But who knows, sometimes in land-based casinos we don't know who the owner of the land-based casino business is, so he could just gamble there and manipulate winnings just to attract other users to play existing games, after all I still don't know how land-based casinos attract people. for users, it is possible that the method I mentioned earlier could happen. no one knows that they are free to do it

There is no prohibition that prevents them from playing at their own casino, but most probably those who gamble as casino business owners usually prefer to play online casinos, because in my opinion it is better to promote them at online casinos rather than at land-based or offline casinos. ethical or unethical, they are still free to do it.

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Quote from: alastantiger on November 11, 2023, 11:37:18 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.

If he's the owner then can change any rule and so he can do anything on the site including playing whenever he likes.
But we can't say whether any owner gambles on his own site until any casino site owner confirms it himself.
It's obvious that it won't do him any good other than playing just for fun.
It's his own money and it will remain with him whether he wins or loses.

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Quote from: alastantiger on November 11, 2023, 11:37:18 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.

When you run the affairs of a betting company, what you are after is the revenue maximization and payout minimization. You have no business in playing because it's not like trading that you might have first hand information that you might want to buy before outsiders have access to. Gambling is gambling, whether you work with the company or you are an outsider, if the betting platform is probably fair to everyone, the result is going to be the same.

But who knows, may be the owner might want to try out what he sell to the public, maybe when they are bored and watch sports, they might want to play and catch fun, just for the fun and the money wager will not be something big because I don't think they will ever expect something from it. Instead of losing to the company, why not allow the company win from the outside customers to have more external generated revenue.

Although, for physical based casino where an individual from the company will be needed to play against outsiders. Like the blackjack and many other casino games that need multiolayer before they can enjoy the game. This is where a super active gambler is needed to play against an outside.

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Quote from: Kelvinid on November 12, 2023, 07:13:28 AM

Quote from: alastantiger on November 11, 2023, 11:37:18 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.

If I am the owner, I surely bet sometimes just to test if the system is working. If not, some of the staff will do that but this does not mean we are betting to win unlike the gamblers do. Of course, as the owner of the casino, I don't think it was pleasing to bet in our own backyard as it was good to bet in another place. If they will, I believe it was for some reasons like betting together with their friends, a friendly game probably.

They would not bet on their casino since most of those casino owners have their own professionals that can help them to work out with their site security so they would not worry anything regarding on security matter since there are people working for them and make their life easy. But on physical casino maybe they would really bet since for sure they would target to get some whales on each season they do since its like widen up their connection and if they get whales then its really beneficial to them since they can get a lot of profit for the action they do.

But we can't expect them to became a hardcore or addicted gambler since for sure they know how to deal with gambling sites since they are already pro for building up a business in related to their hobby and for sure they can bet the odds to extend their minutes since they know that house always have a advantage on this game.

Franctoshi

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I don't have any close person who owns any betting company, but what I know of is that I have seen all these middlemen in the business bet in their shop but in rare cases. if at all, a betting company owner decides to place a bet on a different betting platform or company from his, then I think there is a reason behind that IMO, and that looks fishy to me and this act should attract some kind of questions because he should be patronizing his company in the first place.

shield132

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Quote from: alastantiger on November 11, 2023, 11:37:18 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.

If casino is owned by only one person, then owner can do whatever they want because in any way he is the responsible for budget but this doesn't make sense. If you bet from your pocket, your loss will stay with your capital and if you win, you take from your capital too, doesn't make any sense but when casino has multiple owners and they do, then they are prohibited from placing bets or playing in their and others' casinos.
They are prohibited to bet in their own casino because if one of them bets and wins, it affects capital of other investors and only benefits one investor. They are prohibited to bet in other casinos because if they lose, they benefit other casinos and make them financially stronger. While the opposite is possible too, risks outweigh the positive sides.

Assface16678

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Of course yes, and if your concern is that the owner will have a privilege, it depends. Some betting company owners include themselves in the terms and conditions, which means that if he wants to gamble and bet, then he should also undergo registration, and if the owner wants some special privileges, then he can, but what's the point? He or she is the owner of the betting platform, and even if he or she wants to earn a lot, of course what they earn comes from their platform. Maybe on another platform that they own, they can bet on that, but on their own betting platform, I don't think they will get anything from that. Maybe they can make a bet, but just for fun and entertainment. And I don't think they have the time to play or bet because they are busy with their work, but maybe if they have a little time to entertain themselves,

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Quote from: alastantiger on November 11, 2023, 11:37:18 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.

If I am the owner, I surely bet sometimes just to test if the system is working. If not, some of the staff will do that but this does not mean we are betting to win unlike the gamblers do. Of course, as the owner of the casino, I don't think it was pleasing to bet in our own backyard as it was good to bet in another place. If they will, I believe it was for some reasons like betting together with their friends, a friendly game probably.

len01

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I am not sure if this answer has been answered by anyone else.
lets try to think logically, someone who has big business gets a bigger income, does he still lack money to have to take advantage his own business but also destroy his business reputation?

just like casino owner as a casino owner, especially if the casino is very well established, it will definitely have huge income and gambling owner does not need to bother wasting time betting and if we talk about just to entertain themselves, maybe the gambling owner already has a lot of money and various ways to find entertainment other than gambling, such as going on holiday with the family to another country.
and on the one hand, almost all gambling owners rarely bet on their own platform for the reason that it can make users trust decrease because they think they are being manipulated and on one hand, gambling owners have already made a lot of money who dont need to do anything because the money that will come to them.

coin-investor

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Quote from: alastantiger on November 11, 2023, 11:37:18 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.

Online, the owner/owners never include this in their terms I have read a lot of terms but there's nothing that stipulates what the owner can't and can do they are the policy makers so what they posted on their terms of service are what will stand, and if owners play on their online platform I don't see anything wrong as long as they will not manipulate the games for him to succeed, since this is their platforms they want to see the features and the interface on players' perspective and I like to believe that some owners are playing in their platform but this is online.

But when it comes to land-based casinos it is very unethical to see anyone in the rank and files of the casino playing in their own casino, their clients will see this and this is not a good image they portrayed, it's a different perspective on online and offline, this is one of the rare instances where the online and offline policy differs.

adultcrypto

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It is difficult to know if they bet or not unless you are their employees or the tell you by themselves. By the way, why do we need to worry if the owners of the companies bet? The chances that they don't bet is higher because who will they be targeting to win? Few of them that have access to privileged information can actually bet in their competitors companies as a way to bankrupt them... I have seen it happen in my town. I think these are the ways they bet and not like the regular gamblers.

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There is nothing changes if the CEO decides to use site to gamble, beside him using his site to gamble doesn't mean he has all access to the backend of the site to manipulate games. He is only gambling as normal user so he must go all necessary kyc documentation if he wins something large from his site, except his preferred games are not listed in casino or gambling site before he would try to place a bet or gamble in another casino.

Topic: Do Owners of betting companies bet? - page 12. (Read 1650 times)