Topic: Is Online casino always take risks? - page 2. (Read 2147 times)

The casino in this scenario is taking a rather small and calculated risk, hell - they are simply diversifying their many advertising streams, one of which will be to use streamers to promote their services. In many cases these streamers are very valuable to them, as they have a much more personal connection to their audience, who might be more willing to participate in activities that are promoted by this semi-celebrity in their eyes. The fact that they are not always labelled as receiving paid endorsements (even if this is illegal in their jurisdiction) is another bonus to casinos & sportbooks. There are some casinos out there who do not use these advertising methods, but you'll find they are eventually pushed out by the bigger ones who use these strategies, even if it seems unfair.

For this reason it is said that once our money has left our wallet and we enter it into a casino or an exchange, that money is no longer ours, and it is our responsibility to use it for what it is and to be able to win and withdraw with success , but when we trust high-level casinos I think there is a little more security and confidence there , for example I know that freebitco.in is a casino that has always promoted its site as a wallet and that it gives annual profitability, in which In the case of stake.com, it is also a casino where we can Protect our money and enjoy some security , of course , taking into account security Resources such as 2FA.

Casinos don't take as much risk as gamblers do. They typically make a profit saying over 90% and to be honest I have never heard of a casino losing money so far.

They have a capital to start with and they use it for promotion. They can promote their gambling site or services on various forums or websites.

It's a simple answer: from users who gamble on their website

You are more likely to be scammed when attempting to withdraw a big win, with the casino that have no money to pay big wins they'll just buy time and wait for other players to play and lose so they can pay you. It is advisable to avoid such unknown casinos. To ensure the safety of a casino, you should read reviews about it or check their website on trustpilot

This is right. If it's not profitable, they wouldn't really put their fund into it. It will be totally useless to invest over something that you know wouldn't thrive and generate profit in the long run. Since they have business-mindset they will opt to venture into something that can withstand the test of time despite many arising competitors. Of course, they have their financial advisors and they calculate their every step and plans they take so they will experience lesser hassle on their end.

They won't be millionaire if it weren't for this kind of mindset. Unless of course they are old rich that have generational wealth.

This is a proven working strategy.Stake one of the big casinos have been implementing this from quite some time now and yes they give a lot of money in free bets,with monthly bonuses to their user base which is a big one but in the end they get rewarded as most likely 99% of the users lose this money and continue playing by depositing money and making a profit to the casino.This has this benefit described here but also another one,I as a happy gambler that receive this free bonus will tell my friends,hey listen you get this free money if you are a gambler that wagers a lot and I will do free publicity to them,the same for an influencer,they are paid money to play with big bets in order to attract more people to gamble.

First of all, if I have to comment on my own, I'm not trusting influencer ads because they are paid for it. Of course, it would not be right to evaluate everyone in general but in general many of them get serious amounts of payment for these promotions. For this reason, they don't make much research or review on the online casino being promoted. Online casinos promoting in this way naturally generate revenue from the gambles played and lost by users. Since it is a gamble it is not difficult to earn all of the advertising expenses.
In order to be scammed by an online gambling site, it will be enough to gamble without doing any research about this service. In order to identify reliable online gambling sites, it will be sufficient to seek answers to the following questions;

- How long has the website been active?
- How is user satisfaction?
- How are the reviews and comments made by users?
- What kind of problems did users experience while using this service before?
- Is the background of the people or companies providing this service in this sector sufficient?
- Does the online website providing this service have a license?

A little research will suffice to get the answers to all these questions. According to the results of this research, it can be concluded whether that service is reliable or not.

in my opinion, the rich hire companies specializing in market research and statistics that assess the risk vs benefit of creating an online casino and with that the rich decide whether or not to go ahead with the business, if we look closely we will see that there are no famous millionaires that an online casino is running and I think that the reason is precisely because in the online casino there is less interaction between customers, so the owner of the online casino will not have much to do in the casino and also because of the issue of licenses, many rich people do not come curacao as a big country with a good reputation when it comes to laws so this keeps famous rich people from creating online casinos

A rich person from the USA or Europe or Japan will prefer to create physical casinos in the USA or Europe or Japan because with that they will be able to attract their very rich friends and their millions of fans to go and play in their physical casino and in the physical casino they will not have problems with government laws. there is still a long way for online casinos to be able to obtain a license from countries in europe and the usa, probably on the day that happens then we will see that this online casino market will be highly respected by the governments of these important countries

No doubt, nobody especially inside the millionaire and billionaire's club will step into that kind of business if it's not paying that much. Before they venture in that kind of business, they have already made their studies on how they could improve their probability as casinos have been very competent lately, and how would they attract more clients and maintain as well so that the flow will always continue. These factors alone is a deciding point before starting the business and if they cannot answer either one of them, then it's not yet time for them to build one.

I would say that a person who wants to have a casino , and who can operate with complete confidence , what they should have is a lot of money, this is to pay for all the necessary security so that clients feel safe and can have their payments guaranteed, in addition to always have supervisors in each game to avoid an anomaly , be aware of every detail of the game so that vulnerabilities are not there for them to exploit, which they normally do, have a compensation and reward program for those players who find vulnerabilities in the casino and according to the degree of complexity that its payment is high , this to encourage those who like to exploit Certain things that are not Right in the Casino.

In my opinion, everything is in the hands of the team itself, which is responsible for developing and making some improvements to casino features and promotions because the owner only provides what the team needs and also observes the development of the casino business that he has.
Competition in the casino business is indeed very tight lately, so the team must have ideas to provide an advantage that other casinos don't have so that there will be special interest from gamblers.
In fact, some casinos are willing to spend large amounts of money to hold promotions or contests so that more and more gamblers are interested, even though this promotion or contest is still uncertain whether the budget used will provide satisfactory results or not, but this is what the casino business must dare to take decisions even involving large amounts of money for the sake of the development of the casino itself.

They would have made a budget for this.


Gambler's losses and other sources


When they ask you for bank statement and other very personal information

Review them through a simple Google search to know and learn from the experience of others.

You are right, we as players must first know where we are putting our money, in which casino, and obviously if we put it in a reliable casino, with a very high reputation, things can turn out better in terms of security, in the forum we have the best casinos with the highest degree of reputation and that is what is important, it does not matter if later we have to do a tiresome KYC,the important thing is to be sure that the money that we have already deposited there will be at our disposal and that at a time when We have to make a withdrawal,they will not be Able to have any kind of problem.

I agree with you and there is a thread by gambling bro, trying to give  honest reviews about casinos and I think ks that's a great great thread for anyone who will want some clue about a casino before getting involved.
And there are several  ways casino  make profits and the major way is when  you make losses and several other ways and everyone is in a business for profit  and if there's  no profit,  I don't think anyone would still stay in such business

I'd caution that reviews can be manipulated as well. I generally only use the forums to determine if there's a casino I'm interested in. If it isn't crypto deposit friendly, I'm not interested. Forum presence, promotions, and active threads are what draws my attention.

You can't really tell how often casinos KYC either from a small sample size of reviews. The common tactic of KYC'ing users after they hit a big win will only apply to the small amount of users that withdraw large balances to begin with. This doesn't apply to most withdrawals. If you have the misfortune of being one of those people, you don't have much remedy but to comply.

One of the main ways to promote online casinos is streamers. People who sit and spin online roulette. Often with unfair chances so that everyone who is on the broadcast can see the winnings, see the emotions. And then these people will go to replenish their first deposits on this platform. But the streamer will receive from the service 20-70 percent of these first deposits that he was able to attract. It turns out that the online casino does not even need its money before the launch. Since it poates users.

new casino owners must at least have expertise and experience in terms of gambling business, that's the most important.
if the casino owner already has that experience the casino owner doesn't have to worry about the funds to be used to market or promote his site. because if people who already have experience can certainly plan everything from profits to losses so that casino owners can get funds to develop from investors.
so there is no need to be confused about the money that will be used to promote the gambling site.

running a casino is more akin to wrestling an alligator than a gentle lakeside stroll. Now, here's a wrench to throw in the works - ever pondered the ethical conundrums tied up in this glitzy endeavor?

Operating a casino isn't merely a show of the most tantalizing games or an avalanche of bonuses. It's more about the art of managing a responsible gambling ecosystem. This implies tightening the reins on age restrictions, lending a hand to those teetering on the brink of addiction, and keeping a leash on the betting excesses. Might this strike a discordant note with profit-centric goals? Quite likely. But then, isn't the song of a safe and ethically sound business more harmonious?

Moreover, the issue of transparency and fair play should not be brushed under the poker table. With technology cruising at warp speed, blockchain casinos have entered the scene, giving players a chance to peek behind the curtain and verify the fairness of their bets. Something that traditional casinos, for all their charm, can't replicate. Could this be the countdown for the grand old casinos? Time, the great dealer, will reveal.

For this reason, casinos need a solid team that can work hard to develop the casino into a big one. Competition among new casinos is fierce; only those really serious casinos that can work hard will get good results and become big casinos. Maybe the casino owners could research what they can do to attract the attention of many gamblers and the casinos could launch many interesting promotions that other casino owners might not think of. Casino owners and their teams must think out of the box because that is what is needed so that the casino looks different and can provide services that satisfy its customers. Customer satisfaction is the ultimate goal of a casino. When many gamblers are satisfied, they will definitely return to the casino, which means the casino's revenue will increase.

Before the owner made the casino, he must have thought about how much money he needed to prepare so that his plan could work well. The casino owner must know that the gambling business is a business of thousands and maybe even hundreds of thousands of dollars so he must have a large capital to start it, especially if he has a lot of promotion plans that he wants to start after the casino is finished.

Marketing is the main key to developing a business. But many business owners make mistakes in marketing their business so they can't achieve their goals. This is why the business owner must tell all of his team about his plans, including the vision and mission he wants to carry out. Maybe the casino owner and team must focus on short term plans and promotions to see how it progresses. If it's good, they can move on to the next plan; if not, they must implement the backup plan.

As to an extent, money can go far in maintaining the existence of a casino than when it lacks money for a proper a d adequate management, this is why you see that any good intending casino has enough money at hand before they were being launched into full operation, they have to maintain the security of their website with money, pay their workers, improvise on new technology and facilities to help their gambling station the most preferred, if they have their capital before they start, they will have that full confidence when they began and face every challenges without any fear.

Any new casino can still survive and become big, but it requires money. Some casinos may have good developers, good website but not able to market and promote their casino, that is because the casino do not have enough money for it. Marketing is very important, it can help a casino to become big. Others things are excellent customer care, many and good option for deposit and withdrawal, and having many good promotional offers after being able to advertise to make people know about them.