Is it safe to say that casino platforms is running their business with users find only? I read somewhere that they pay winners with losers money, I couldn't ask him or her if a casino can start business with zero fund at hand, I know that most of them wired their system to favour them more ( lose more and win less ) , if not they will run out of business fast I belief, what do you think about this? Was I wrong about this? Come to think of this, there is no prove that they have some money to pay winners.
No you can't start a gambling business without any funds at hand. Casinos are a games with a lot of randomness, especially in the beginning when there are not so many customers yet there is no guarantee that you are going to make a profit. Let's say you have a very lucky gamblers who manages to only plays roulette and doubles up his money a few times in a row. What are you going to do if he wants to withdraw his money? You can't start a new business and directly have trouble playing back customers or even worse, go into default. You are right that the casino pays out the winners with the money they make from the losers minus their expenses and taxes. The casino needs a large number of customers to be profitable and of course a large enough bankroll to pay out lucky winners. As long as there is no legit accusations that the casino is not paying out winners we shouldn't be too concerned. Why would a successful business who has been around for years risk losing everything by not paying out one winner? Once word gets out that the casino is not paying customers anymore no one is going to play there anymore. You can only lose your good reputation once and there is no coming back from it.
Absolutely! Gambling businesses require a high level of planning and consideration before being launched, and this cannot be done without adequate resources. Casinos are games of chance and no amount of luck can guarantee a profit in the early stages when there are not many players. Even if a customer is exceptionally lucky and doubles their money a few times, the casino must be able to pay out the winnings.
Casinos rely on customers to generate revenue and cover their expenses, as well as taxes. Furthermore, they need a substantial bankroll to pay out the lucky winners. For this reason, starting a gambling business without adequate funds is simply not feasible. It is also important to keep up a good reputation in the gambling industry. If a casino fails to pay out a win, it could damage its reputation and lead to a loss of business. Word of mouth is a powerful tool and no casino can afford to have its name dragged through the mud.
Therefore, it is essential to have a substantial bankroll, a well-thought-out business plan and an excellent reputation before launching a gambling business. With the right resources and strategy, a casino can prosper and generate a steady income for its owners.
