How are Online casino's and sports betting platforms coping? - page 4.

ethereumhunter

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Quote from: Pandu Geddon on November 19, 2022, 11:52:49 PM

Quote from: ethereumhunter on November 19, 2022, 11:14:32 PM

Moreover, they get tempted by the casino's promotions, so they return to the casino.

no one wants to lose money in their business. and this casino business certainly provides an extraordinary attraction for gamblers. especially casinos that give big promotions to their members. in difficult situations, I think it can be done even if the company is experiencing financial problems. if it attracts more and more new players who deposit their money into the casino, the greater the profit for the casino will also be.
every casino must have financial reserves to back up the finances that rotate at the casino. it can help businesses keep going even in difficult situations. and casinos can find ways to recover their finances by way of big promotions.

That's because casinos know how to treat gamblers, especially those who frequently come to their casino sites. Giving regular promotions will certainly interest them in trying to get something interesting and that is also what makes them frequently visit the casino site. Experienced casinos already know what they have to do to invite more gamblers. They must have prepared a financial reserve to support the finances at the casino because if many whales gamble, they can use the financial reserve later.

Quote from: Jemzx00 on November 20, 2022, 03:05:46 AM

Quote from: ethereumhunter on November 19, 2022, 11:14:32 PM

Quote from: Wexnident on November 19, 2022, 07:11:57 AM

Quote from: ethereumhunter on November 19, 2022, 04:47:35 AM

Let's just hope that people don't think like that of using gambling to make money because it's really hard to do. Most people will only experience defeat rather than win, let alone big wins. Indeed, certain people can really get big wins, but not many. And that is what makes online casino sites increasingly popular on the internet because they can attract more people, especially by using attractive promotions coupled with giving bonuses.

I wouldn't use "hard" as a description for gambling really, more like unknown, neither easy nor hard since you can't exactly figure out whether you're going to win or not in a gamble. Ofc it tends to fall more toward the losing side since the house always wins, but you get my point I think. Unfortunately since it's "unknown", it ends up looking more attractive to most people as well hence why they're going for it.

It's true. We won't know whether we will win or not in gambling and can only keep playing if we are curious about the win. But we must remember that the house will always win, no matter how hard we try, because that is their place of business. If several people can win a lot, it is still smaller than the casino's winnings. Those people know but they try anyway because it will attract many people to keep returning to the casino. Moreover, they get tempted by the casino's promotions, so they return to the casino.

I guess, yes, the house always wins however we can manage our chances of winning against the house which is why gamblers keep on making strategies to minimize the chances of losing however in the long run the house will always have the advantage, especially on games such as Slots and Dice. Also, the uncertainty or the unknown that Wexnident mentioned is more likely to depend on our luck whereas even if we bet on the highest odd that we can win, we can still lose to it.

But it's not easy to manage our chances of winning because we also have to think about the luck we have to have while playing gambling. They can minimize the possibility of losing or even reduce the money they get from each loss. But that's only if they want to reduce the number of losses. Apart from that, they can lose more if they are not aware of it.

Quote from: Maestro75 on November 20, 2022, 11:09:13 AM

Quote from: ethereumhunter on November 19, 2022, 04:47:35 AM

Quote from: Maestro75 on November 18, 2022, 11:20:15 PM

People take to gambling when the economy becomes tough like we have everywhere in the country now. They think gambling creates more and easy chances of making money and they go patronising them.

Let's just hope that people don't think like that of using gambling to make money because it's really hard to do.

But this is the reason why people go into gambling and no one can deny it. They believe gambling will make them come into new wealth so they can have an easy life style with alot of women chasing them and enough booze to go round for them. Women love wealth, cars, wine, they love good material and flashy things. This is what money can do. And those who take to gambling to achieve that easy money do not often get lucky. Rather the little they have is taken away from them by the casinos through losses.

If they gamble just because they want to win a lot of money, they better think again because gambling is not designed to give us a lot of money but the opportunity to have a lot to lose. But we have seen that some people can earn a lot of money and change their lifestyle to be more advanced. But usually, it won't last long because we still have a lot of money even though we have little money left.

Maestro75

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Quote from: Hispo on November 20, 2022, 02:46:32 PM

While I don't think the current economic situation is hitting casinos as hard as other kind of businesses.

It is expected that casinos will continue to do well whenever the economy is bad as people continue to gamble thinking it will bring them solution. World economies will never get good and buoyant for every body. There are those that will be left out. This is why casinos and gambling outfits will continue to exist. Every business that is not about putting money in other people's pockets will suffer whenever the economy gets bad. But not casinos. The only thing that can make casinos suffer is government policy.

AicecreaME

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Quote from: harizen on November 20, 2022, 06:49:45 PM

Quote from: Hispo on November 20, 2022, 02:46:32 PM

While I don't think the current economic situation is hitting casinos as hard as other kind of businesses. I noticed that not long ago there were a relative lack of signature campaigns here in the forum right after a succession of red days, which led me to believe casinos were cutting some costs by limiting their advertisement campaigns or at least by relocating them.

There is no doubt that online casinos are really a demand, especially during the pandemic or even amid the bearish market.

It's just that the competition will be tough. I believed if an online casino is cutting costs or something along those lines, that's because maybe they can't attract many users because of what I mentioned about the tough competition between online casinos. Pandemic, bear trend, recession, market not doing well - I think even with these economic situations, gambling won't stop its dominance and will just continue to grow.

It was in demand during the pandemic because people were so bored and have very limited access to do other recreational things in the comforts of their homes. Hence, they tries to find other ways to relax themselves and have some past-time. Despite the bearish market as well, many people are still engaging in gambling because they see it as a form of entertainment and way to earn some profits while making bets.

Indeed, competition will be tough because there are now so many casinos or gambling websites that are reputable and credible which will offer your good quality of service and variety of games to play with. It will just be a matter of consistency. The consistency of the casinos in offering great quality of service to their players will matter the most in this modern competition. How long they can satisfy their players and how innovative they will be to attract more players in the long run will keep them afloat the gambling industry.

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Quote from: harizen on November 20, 2022, 06:49:45 PM

Quote from: Hispo on November 20, 2022, 02:46:32 PM

While I don't think the current economic situation is hitting casinos as hard as other kind of businesses. I noticed that not long ago there were a relative lack of signature campaigns here in the forum right after a succession of red days, which led me to believe casinos were cutting some costs by limiting their advertisement campaigns or at least by relocating them.

There is no doubt that online casinos are really a demand, especially during the pandemic or even amid the bearish market.

It's just that the competition will be tough. I believed if an online casino is cutting costs or something along those lines, that's because maybe they can't attract many users because of what I mentioned about the tough competition between online casinos. Pandemic, bear trend, recession, market not doing well - I think even with these economic situations, gambling won't stop its dominance and will just continue to grow.

but don't take for granted that during the pandemic days, there are several casinos and bookies that were launched and are still doing great up until today. online gambling business in indeed one of the businesses that thrive during this crisis. as the number of these casinos and online bookies are still growing, it means, they are finding this business a very good one to earn profits. because if not, they won't dare to spare their funds in setting-up this kind of business.

harizen

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Quote from: Hispo on November 20, 2022, 02:46:32 PM

While I don't think the current economic situation is hitting casinos as hard as other kind of businesses. I noticed that not long ago there were a relative lack of signature campaigns here in the forum right after a succession of red days, which led me to believe casinos were cutting some costs by limiting their advertisement campaigns or at least by relocating them.

There is no doubt that online casinos are really a demand, especially during the pandemic or even amid the bearish market.

It's just that the competition will be tough. I believed if an online casino is cutting costs or something along those lines, that's because maybe they can't attract many users because of what I mentioned about the tough competition between online casinos. Pandemic, bear trend, recession, market not doing well - I think even with these economic situations, gambling won't stop its dominance and will just continue to grow.

gantez

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Quote from: Hispo on November 20, 2022, 02:46:32 PM

While I don't think the current economic situation is hitting casinos as hard as other kind of businesses. I noticed that not long ago there were a relative lack of signature campaigns here in the forum right after a succession of red days, which led me to believe casinos were cutting some costs by limiting their advertisement campaigns or at least by relocating them.

Relating to signature campaign here I think what determine it more is btc price. If the price is dropping the number of the signature campaign get to reduce or not new campaign will be advertised but not very certain, just what I think. Casino are benefiting more because gamlers increase more. People introduce their friends daily to try luck for money through betting and playing casino games.

SirLancelot

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Quote from: Kakmakr on November 20, 2022, 05:28:33 AM

Managing a casino is one huge balancing act.... you have to make sure that you are building a huge enough bankroll ..so that you can pay out all the winnings, but at the same time you have expenses to pay for the operating of the casino and you have to make a profit.

Luckily for them, they can manage the RTP of the Slots that they offer and also how much they spend on advertising and also how many people need to be employed to operate the casino. (They simply reduce the support .... adjust the RTP and lower the budget on advertising to increase their profits) Roll Eyes

Not just casino but managing in general is not an easy task. Many people wants to become a manager because they think it looks cool and they also think about the perks but not until they know the struggles of being a manager. In casino business, managing bankroll is important because there are many people who are interested to gamble and bet more.

We need to make sure that we can pay those who win big. When it comes to expenses I think online casino have an edge because they are online anyway and you only need to hire a few staff for some positions like costumers support. Advertising can also be done free online because social media sites and forums are free to access.

Hispo

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While I don't think the current economic situation is hitting casinos as hard as other kind of businesses. I noticed that not long ago there were a relative lack of signature campaigns here in the forum right after a succession of red days, which led me to believe casinos were cutting some costs by limiting their advertisement campaigns or at least by relocating them.

dothebeats

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Quote from: Maestro75 on November 18, 2022, 11:20:15 PM

Quote from: Rruchi man on November 04, 2022, 02:53:00 PM

How do you think online casinos and sports betting platforms are adjusting to manage the situation?

People take to gambling when the economy becomes tough like we have everywhere in the country now. They think gambling creates more and easy chances of making money and they go patronising them. There are new casinos and gambling sites springing up everyday and I guess this present hardship helps their businesses.

Well even if the economy is good, those who got it rougb turns to gambling in hopes of taking the prize home and not working for the rest of their lives. That's why a lot of people are betting on the lottery; they want to change their lives around in an instant and without doing too much work, so lottery is their best answer for that. I kinda understand what they want to happen in the lottery, but in other forms od gambling? Not so much.

Maestro75

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Quote from: ethereumhunter on November 19, 2022, 04:47:35 AM

Quote from: Maestro75 on November 18, 2022, 11:20:15 PM

People take to gambling when the economy becomes tough like we have everywhere in the country now. They think gambling creates more and easy chances of making money and they go patronising them.

Let's just hope that people don't think like that of using gambling to make money because it's really hard to do.

But this is the reason why people go into gambling and no one can deny it. They believe gambling will make them come into new wealth so they can have an easy life style with alot of women chasing them and enough booze to go round for them. Women love wealth, cars, wine, they love good material and flashy things. This is what money can do. And those who take to gambling to achieve that easy money do not often get lucky. Rather the little they have is taken away from them by the casinos through losses.

Reid

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Well, I doubt they were hit hard because of the pandemic and the economic issues. It's more devastating on physical casinos and many of them closed down shop because they cannot maintain the expense anymore.
Online casinos are the ones harvesting those players now. Recently, I just saw a friend who had been playing slots non-stop, he even asks me for money online which he will pay for cash.
They will always have customers as long as their game is appealing. It's not about cutting anything; it's about adding more spice.

Kakmakr

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Managing a casino is one huge balancing act.... you have to make sure that you are building a huge enough bankroll ..so that you can pay out all the winnings, but at the same time you have expenses to pay for the operating of the casino and you have to make a profit.

Luckily for them, they can manage the RTP of the Slots that they offer and also how much they spend on advertising and also how many people need to be employed to operate the casino. (They simply reduce the support .... adjust the RTP and lower the budget on advertising to increase their profits) Roll Eyes

Jemzx00

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Quote from: ethereumhunter on November 19, 2022, 11:14:32 PM

Quote from: Wexnident on November 19, 2022, 07:11:57 AM

Quote from: ethereumhunter on November 19, 2022, 04:47:35 AM

Let's just hope that people don't think like that of using gambling to make money because it's really hard to do. Most people will only experience defeat rather than win, let alone big wins. Indeed, certain people can really get big wins, but not many. And that is what makes online casino sites increasingly popular on the internet because they can attract more people, especially by using attractive promotions coupled with giving bonuses.

I wouldn't use "hard" as a description for gambling really, more like unknown, neither easy nor hard since you can't exactly figure out whether you're going to win or not in a gamble. Ofc it tends to fall more toward the losing side since the house always wins, but you get my point I think. Unfortunately since it's "unknown", it ends up looking more attractive to most people as well hence why they're going for it.

It's true. We won't know whether we will win or not in gambling and can only keep playing if we are curious about the win. But we must remember that the house will always win, no matter how hard we try, because that is their place of business. If several people can win a lot, it is still smaller than the casino's winnings. Those people know but they try anyway because it will attract many people to keep returning to the casino. Moreover, they get tempted by the casino's promotions, so they return to the casino.

I guess, yes, the house always wins however we can manage our chances of winning against the house which is why gamblers keep on making strategies to minimize the chances of losing however in the long run the house will always have the advantage, especially on games such as Slots and Dice. Also, the uncertainty or the unknown that Wexnident mentioned is more likely to depend on our luck whereas even if we bet on the highest odd that we can win, we can still lose to it.

davis196

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Quote from: Rruchi man on November 04, 2022, 02:53:00 PM

Online casinos and sports betting platforms are big businesses like we all know, and currently considering the economic situation of things around the world many businesses are affected and have been taking measures to cut costs in terms of reducing staff, taking loans etc to still be able to sustain operations. How do you think online casinos and sports betting platforms are adjusting to manage the situation?

I think that the online gambling/sports betting industry is one of the most profitable industries around the world.
Even in times of crisis the gamblers and sports bettors keep spending money on gambling/sports betting.
How expensive is to sustain an online casino/sports betting platform? I don't know. Maybe we should ask someone, who owns a big online casino/sports betting website. I don't think that the cost is that big and I don't believe that many online casinos/sports betting sites would fire a big part of their employees.
Getting loans in times of a recession is a big mistake. The interest rates are going up and the future revenue might be going down. I'm talking about other businesses. The online gambling industry doesn't need loans, in order to survive.

Pandu Geddon

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Quote from: ethereumhunter on November 19, 2022, 11:14:32 PM

Moreover, they get tempted by the casino's promotions, so they return to the casino.

no one wants to lose money in their business. and this casino business certainly provides an extraordinary attraction for gamblers. especially casinos that give big promotions to their members. in difficult situations, I think it can be done even if the company is experiencing financial problems. if it attracts more and more new players who deposit their money into the casino, the greater the profit for the casino will also be.
every casino must have financial reserves to back up the finances that rotate at the casino. it can help businesses keep going even in difficult situations. and casinos can find ways to recover their finances by way of big promotions.

ethereumhunter

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Quote from: Wexnident on November 19, 2022, 07:11:57 AM

Quote from: ethereumhunter on November 19, 2022, 04:47:35 AM

Let's just hope that people don't think like that of using gambling to make money because it's really hard to do. Most people will only experience defeat rather than win, let alone big wins. Indeed, certain people can really get big wins, but not many. And that is what makes online casino sites increasingly popular on the internet because they can attract more people, especially by using attractive promotions coupled with giving bonuses.

I wouldn't use "hard" as a description for gambling really, more like unknown, neither easy nor hard since you can't exactly figure out whether you're going to win or not in a gamble. Ofc it tends to fall more toward the losing side since the house always wins, but you get my point I think. Unfortunately since it's "unknown", it ends up looking more attractive to most people as well hence why they're going for it.

It's true. We won't know whether we will win or not in gambling and can only keep playing if we are curious about the win. But we must remember that the house will always win, no matter how hard we try, because that is their place of business. If several people can win a lot, it is still smaller than the casino's winnings. Those people know but they try anyway because it will attract many people to keep returning to the casino. Moreover, they get tempted by the casino's promotions, so they return to the casino.

Fatunad

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Quote from: darkangel11 on November 19, 2022, 06:21:14 AM

Quote from: Maestro75 on November 18, 2022, 11:20:15 PM

Quote from: Rruchi man on November 04, 2022, 02:53:00 PM

How do you think online casinos and sports betting platforms are adjusting to manage the situation?

People take to gambling when the economy becomes tough like we have everywhere in the country now. They think gambling creates more and easy chances of making money and they go patronising them. There are new casinos and gambling sites springing up everyday and I guess this present hardship helps their businesses.

I feel the same way, like they're unaffected or even doing better in this economy.
We have rising prices of goods and services, high inflation, dropping stocks. The average guy who has his habits like smoking, drinking, gambling, is still going to do it. The situation isn't that bad when it comes to your needs and addictions. You won't have enough money to take a loan, buy a new car or travel but you will still have that $50 to bet on your soccer team.

This is actually true and same goes into those lottery bettors as well on which even if we are on that hard situation in terms or talks of day to day living which you do still have the money on allocation on buying a ticket.
Same goes for those gamblers who do really be able to find a way for them to have the money for them to gamble. This industry is something becomes bigger as years passing by, although we had seen
that experience about the pandemic situation where it did really make up some toll in terms of revenue specially on physical casinos but totally opposite into those online ones.
They are indeed coping because if they dont then lots of business on this industry had already closed up their doors.

Wexnident

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Quote from: ethereumhunter on November 19, 2022, 04:47:35 AM

Let's just hope that people don't think like that of using gambling to make money because it's really hard to do. Most people will only experience defeat rather than win, let alone big wins. Indeed, certain people can really get big wins, but not many. And that is what makes online casino sites increasingly popular on the internet because they can attract more people, especially by using attractive promotions coupled with giving bonuses.

I wouldn't use "hard" as a description for gambling really, more like unknown, neither easy nor hard since you can't exactly figure out whether you're going to win or not in a gamble. Ofc it tends to fall more toward the losing side since the house always wins, but you get my point I think. Unfortunately since it's "unknown", it ends up looking more attractive to most people as well hence why they're going for it.

Quote from: darkangel11 on November 19, 2022, 06:21:14 AM

I feel the same way, like they're unaffected or even doing better in this economy.
We have rising prices of goods and services, high inflation, dropping stocks. The average guy who has his habits like smoking, drinking, gambling, is still going to do it. The situation isn't that bad when it comes to your needs and addictions. You won't have enough money to take a loan, buy a new car or travel but you will still have that $50 to bet on your soccer team.

It mostly boils down to only seeing one perspective of their lives instead of its entirety (especially since we can't exactly see the other sides) imo. They're probably struggling, but it may be only visible in the later term since they have say, savings, or are just asking loans and stuff like that.

darkangel11

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Quote from: Maestro75 on November 18, 2022, 11:20:15 PM

Quote from: Rruchi man on November 04, 2022, 02:53:00 PM

How do you think online casinos and sports betting platforms are adjusting to manage the situation?

People take to gambling when the economy becomes tough like we have everywhere in the country now. They think gambling creates more and easy chances of making money and they go patronising them. There are new casinos and gambling sites springing up everyday and I guess this present hardship helps their businesses.

I feel the same way, like they're unaffected or even doing better in this economy.
We have rising prices of goods and services, high inflation, dropping stocks. The average guy who has his habits like smoking, drinking, gambling, is still going to do it. The situation isn't that bad when it comes to your needs and addictions. You won't have enough money to take a loan, buy a new car or travel but you will still have that $50 to bet on your soccer team.

ethereumhunter

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Quote from: Maestro75 on November 18, 2022, 11:20:15 PM

Quote from: Rruchi man on November 04, 2022, 02:53:00 PM

How do you think online casinos and sports betting platforms are adjusting to manage the situation?

People take to gambling when the economy becomes tough like we have everywhere in the country now. They think gambling creates more and easy chances of making money and they go patronising them. There are new casinos and gambling sites springing up everyday and I guess this present hardship helps their businesses.

Let's just hope that people don't think like that of using gambling to make money because it's really hard to do. Most people will only experience defeat rather than win, let alone big wins. Indeed, certain people can really get big wins, but not many. And that is what makes online casino sites increasingly popular on the internet because they can attract more people, especially by using attractive promotions coupled with giving bonuses.

We do not have to follow what others did because we see it will not work well for us. We better search for the other way to earn money than just playing gambling to earn money.

Topic: How are Online casino's and sports betting platforms coping? - page 4. (Read 1292 times)