Topic: Do Owners of betting companies bet? - page 2. (Read 1691 times)

A deep thoughts on this,but I see it that owners of betting companies do place bets too and yes in their own platforms but they don't show it,but rather they prefer doing it at a convenient space which is their office but have also seen other bet companies owners that do it visible too to both their staffs and clients,they do it to show they are also in the game together and to make their customers be at peace and comfortable placing bets.

Cause I use to visit this particular bet shop with my guys,so one day a quarrelling fight came with a guy that loosed,he said everytime he keeps loosing his money that where's your Boss,he keeps eating out money whereas he doesn't bets,so suddenly the owner of the place came out and explained to the man probably gis strategies are not working well for him,so he stood in the line to place bets and let's them watch him to prove to the guy that he loses money too.

As an owner, you can playing gambling games in your casino. You can hide yourself when playing gambling so there is no employee knows that you playing gambling on your own casino. Maybe you playing gambling in your casino because you wants to feels the experiences so you can knows if your members will satisfy with your casino. If not, you can add more services or some other features that can gives satisfaction to your members. Playing gambling at our casino doesn't mean something because we should knows how well our casino to our members so we can gives them satisfaction in playing gambling. Maybe some people will say it's unethical because they knows better about their casino. But that will depends on each owner about their reason playing gambling on their casino.

If this is the main concern, most gamblers know also know how the system works, know about the win-loss ration, but they are still gambling because they like it. Owners of a casino may still gambling if they like to do it although they have much better understanding about the system.

Casino owners are not always the one who create the game, there are casinos where the games are mostly from 3rd party providers. Even if casino owner create his own game, he may still play it for fun. But for making money, I dont think casino owners will do it because they are making money already with the casino.

Just because you are the owner of a casino doesn't mean you don't have the right to play on your own online casino platform. Of course, that's not the case. Maybe it's possible to play gambling on your platform where you don't withdraw money but can win money and withdraw as well.

Of course, you, the owner, can do everything you want to do in your own casino; you can bring in money, and I don't see anything wrong with that either.

Theoretically they can do whatever they want. But in reality, I think they won't do that, basically because they understand too well how their system works and what the win-loss ratio is. Would you play knowing what the outcome would be?

Attractive gambling is when we bet on something we do not know in advance what the outcome will be. It gives us excitement to play and wait. The casino owner is the one who creates the game, if they play for the purpose of making money, then sitting idle and not playing is already making money. If they are looking for fun, they will probably choose another game instead of the one they created.

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

Why will they actually gamble? For winning from gambling? then how it's possible, that if they lose their House will win, if they win, their house will lose? So from this point of view there is no reason to gamble in own platform. But For testing, fixing bugs, etc they can play and I assume it's normal.

very wise answer.
your answer is very correct because in fact we will never know whether everything we talk about here is true or not because only they (gambling owners) know everything about this truth. It's just that we are here only saying about our respective opinions but that doesn't mean all of that is true.
and on the one hand, we are currently in an online gambling trend where you will never know who is gambling on the platform because it is all based online and only certain people or gambling owners can know everything and for me as long as it doesn't have a bad impact on the gambling itself I think its not problem if  gambling owner gambles on his own platform but maybe only occasionally or even just once because I'm sure the gambling owner has a more convenient way to get entertainment.

I'm curious to know where you got this info.  It doesn't seem to make sense that the people who own betting sites would play on them too.  That could definitely cause some conflicts of interest! I wanna see the research that says this is happening. 

Generally it's seen as pretty sketchy for a business to use its own stuff to gamble.  That can lead to the business having an unfair leg up or even insider trading sorta situations.

Casino owners engage in betting to check how their casino provides the best experience to its users and to check what needs to be improved or added to improve service. This will be useful to provide an overview for casino owners to know if there are things that need to be improved so that the casino team can handle them immediately.

However, casino owners will not gamble too often because they better monitor the casino's running and provide the best for their users. Casino owners don't want themselves to become addicted to gambling like gamblers who lose self-control when gambling. Of course, casino owners will check how much profit they have made.

Just like to every other person, betting is also a choice to owners of betting companies or platforms. Most owners of Betting platforms often engage in betting and other gambling activities themselves. As this helps them gain firsthand insights into user experiences and even dynamics of the market. This double role serves as valuable strategy  for their market research in guiding improvements on their platforms.
 
This should not be much of an issue due to the fact that the respective users of these platforms themselves actually deserve and want optimal user satisfaction hence, the need to understand what customers like and want.

There's bulky questions to be answered but due to one's status, no one would welcome any idea brought to make contributions to the system. Not all bet companies owners engaged in gambling because they might become very busy with their time and also not ready to give up their initial capital, in the first place, we should know the spirit that comes when we gamble. I'm not ready to lose any significant figure in the system, we just have to become very careful and work vividly abiding by the govern sets of laws enacted by our disciplinary measures, all this are just for our safety from crossing boundaries.

Lmao, Did you know that your real boss for your signature campaign casino “Stake” is the best example for this topic. Eddie play on his own casino and live stream it. He is using it as promotion for his casino through rewarding viewers. There’s no written rule that owner is not allowed to play since casino is using 3rd party games which means it’s really not their own game but rather they are just renting it and share profit with game providers. Only house game is 100% casino owned game.


All the function that you mention is assigned to different staff of the casino. Owner doesn’t do it because it’s for workers work. The only job of owner is the decision making for the casino sake and the rest is just cash out from casino profit because they finance the casino.

I agree with your casino boss view. Besides gambling, they're strategic thinkers and involved in their industry. A casino owner gambling in his own casino is prohibited. They know how the games work, right? It eliminates gambling's thrill of chance. Second, playing high-stakes games with other moguls? Their true game. The key is networking, recognizing the competitors, and keeping ahead. Finally, their job requires attention outside the casino. They resolve disagreements, plan commercial growth, and protect their empire. High stakes, but not at the tables. They're continually gambling with their entire business on the business battlefield.

I used to work in such a platform back in early 2000-s and it was just set up there,betting platforms were not as well known as they are now so a huge amount of people were betting there.I knew the owners as they hired me,they were my neighbors that opened the lotto club,a big one but as far as I remember I never saw them placing even a single bet just for the fun of doing it,so I know based on this fact that most casino or lotto club owners do not care much to place bets.Even Eddie,the Stake owner plays only on a Saturday just to decide the promotions for the other week and which would be the slot to beat the multiplier,so betting on sport betting I doubt they do.

That is up to each casino owner. They already know how to choose things that can entertain them. They can gamble wherever they want or go on holiday with whoever they want. And yes, we will only get a definitive answer if there are casino owners to say what they're doing. And even if those casino owners gamble on their own platforms, that's okay because they only gamble for fun and only occasionally. They have more things they can do than just sit down every day gambling and spending their money because they are better off using their money for more useful things or creating other new income sources.

Gambling for a casino boss in his casino wouldn't be fun anymore since he's got the information about how the machine is being coded. Hence he's not doing himself any favor as a gambler to gamble in his casino. He's wasting the time and fun he's meant to achieve through gambling. I'd prefer that a casino owner visits other rich men who have some gambling cliques and participate in games with them, which is mainly the way it should be for the casino boss. Imagine winning and the money he won is his, no addition no subtraction. That wouldn't be fun for anybody. Consider being in his shoes, using your product should be considered no profits. What these men look for, is profitable means of maximizing the success of the casino, not just gambling. If he spent his time gambling he wouldn't be able to understand how the house is operating. However, they've got employees to take care of all that, but the presence of the casino boss changes lots of things from happening.

I've not spent time with one, but have watched them in movies, they are mainly in their office settling some disputes. Lots of disputes come out in casinos, especially offline casinos. Hence the owner would have lots of underlying problems he'll need to resolve to save the future of his business. He wouldn't have such a luxury of gambling. If he's into gambling or addicted to gambling, such a person wouldn't be able to make a competent casino boss. The business could be in trouble, but the boss wouldn't show concern about the dispute. Some of the casinos that run out of money or don't have enough money to pay their customers may have been owned by an incompetent owner, who may have squandered his time on other addictions, which takes up his money which would have been used in running the casino business. In a nutshell, a casino owner gambles, yes, but not like we would think that he does. His seat as the CEO of a casino is so hot that he can't sit down

Can only be answered by the owner himself. We never know if they are playing or not and to follow your statement, if they are going to find such things for entertainment. I see your point where they can just go on vacation and use the money that they already enjoy from the gamblers, instead of playing and risking their money, though maybe yes or maybe no, no one among us can conclude that unless they are here also, and they can prove that they are the owner after claiming and show proof that they are playing using their own platform.

well, this is what I mean, the point is that it is impossible for a casino owner to waste time gambling in his own casino just to have fun because they already have a lot of profits from their gambling business so if the casino owner just wants to have fun, of course he has other ways to find entertainment to go to. take a vacation to another country with your family or go to a luxury club somewhere.
I always believe that a gambling owner will never damage the reputation of his own casino and previously I have said this in the same thread that has been locked if the casino owner does not have time to gamble because the casino owner has various references to be able to have fun in other ways without having to damage the reputation of the business and perhaps if the gambling owner tries to gamble it is just to test how fair the casino is.

but all this we never know whether what we are talking about is right or wrong because if we are talking about offline casinos maybe it is true but if we are talking about online casinos we never know whether the casino owner is also gambling with other gamblers.

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.