Topic: Is this safe to say this about casino platforms - page 3. (Read 852 times)

It's possible for them to start with zero fund but they still need something to start with, I saw that with those that tried hardly like they've managed to crowdfund with their investors and so the casino business has started.

Like those that are selling their tokens in return of dividends in the future when the casino is already operating and has got revenue.

But honestly, a casino business that has plans of launching that really has got nothing to start with on their budget. They're unlikely to thrive since gamblers today are wise and won't gamble to a casino that can't show proof of funds and stability.

The casino needs to have a big bankroll to be able to pay the winners. It doesn't matter if the money comes from the losers or the casino owner's own pocket and it doesn't make any difference in the end. The money should be there. People deposit money too but they don't always lose and sometimes they withdraw without playing at all. You can't depend on the deposits alone especially If they haven't lost that money yet. If they lose it, then it is the casino's money now. New casinos on the other hand don't even have that choice. The owner should make a casino bankroll from his own pocket. How are you going to pay a random big winner otherwise?

Before the big winner appeared, the casino had made a big profit from many gamblers who had lost, either big or small.
And even though a few more people will win the game later, the casino can still pay out the winnings while benefiting from other losing gamblers.
In gambling, there will be more losing gamblers than winning gamblers so the casino's total profits will be greater than its losses.
But maybe some casinos can experience losses and cannot pay the winnings and if this happens, the casino must have the courage to be honest with its members because that is what really happens in their casino.

Only if a casino has many thousands of users(better millions), they can be paying winners with losers money, and carry on with no problems(in this regard). It's obvious that when only a few people lost some money on the platform, the place don't funds for paying out big wins.

I'm curious, are there laws regulating the minimum a casino should have to be allowed to open? They are different in different countries, for sure, but it would be interesting to read any of them.

Some things are mandatory for every business like firstly it needs a high fund with which the whole business can be managed properly and secondly it needs a strong team who has good knowledge about the business and can think potentially.  So a gambling site can never run their business without their own high funds because millions of dollars are transacted all the time. So it can never be said that a gambling site runs on customer money. a gambling  site can only run on that customer's money when the site is well established and has millions of users fot gambling.

Casino business always have funds to start the business and enough money to pay winners, it still won't affect the business because big winners don't always pop up every time, it takes a lot of luck and grace to win billions of dollars, some only make thousands and many more will lose thousands per day, this business is something that can't go bankrupt that easily unless it's mismanaged by the people in charge.

take it easy, it's safe for you to say, everyone also knows what you want to convey, but not all online casinos don't have the capital to run their business, of course they have to pay to build it so that people play as an example of marketing and others, of course they will issue capital first when many gamblers have played so there they get the benefits, don't ask why many people lose at gambling and the dealer always wins it depends on how you play and control yourself against the dealer 

It is true in fact that "the house always wins" or it can be interpreted that the wins and profits in the end only belong to the casino, not the players in it.
Even though the casino spends money to carry out promotions and bonuses or pays users who manage to get a jackpot, they can still benefit because there are not just a few casino users, but a lot of them who manage to win large amounts or get a jackpot percentage every day, only 3 to 100, so the advantage can still be obtained by the casino.
So I think it's only natural that casinos are able to give attractive bonuses every week.

Of course, they get money from the bad luck of the players.
However, threads like this one makes me believe that people take the "house always win" saying literally. They may believe they can open an online casino with 1000$ and from there it would be all gains and smoothness for them as operators.

I believe having a casino is supposed to be something like a show, one as operator cannot stay still and let people to get bored, besides having a good reserve of cash, players require to always be catered with bonuses, events, live events, social media feedback, etc.

That is why resorts in Las Vegas display their exuberance and online casinos take care very well of their visual, images and possible issues.

Most casinos don't disclose this but it's a question gamblers need to ask the newly established casinos to just know how serious they are or if they are just in the game to scam users and run away. Besides, there are some casino review sites that also do the job for the safety of gamblers.

This is the reason why such casinos will never be 100% fair with their game.

There's a different between marketing and there's different between casinos not being well-establish. There is some casino that have been in the business for long but just integrate cryptocurrency and needed the traffic for crypto players.

That's not the reason they run out of funds buddy because the house always wins and it's only a casino that's not well established with the needed bankroll that's always run out of funds.
You should know a casino that was being accused by their users several and what they used is the loophole of freezing their user fund unnecessarily. However, they still spend huge funds on promotions which shows the casino just loves playing scam tricks.

It is good to gamble in a well-established casino but the duration of the operation shouldn't be used to justify a well-established casino and from the record casino that operated for 10years also stated from somewhwere. Besides, there are some online sites that can use to check the reputation of gambling sites. An example is Askgamblers..

i have seen such arrangement here in the forum. since the casino can't afford to pay right away, they made an arrangement to the winner to pay him in regular period. that is, if the casino is honest. but some will go to the path of finding loopholes not to pay up the winner. also, some casinos really do have max payouts, at least they are being honest that they only have certain limits from their bankroll.

I totally agree, it's important for them to have the funds to cover any potential payouts. You can usually find information about maximum payouts in the terms of use. Sometimes they'll even specify how much they can pay out in a certain period, like a week or a month. But if someone hits a huge jackpot, I figure the legitimate casinos would probably just pay it out in regular installments until the full amount is settled.

Some site launch their platform with a limited funds and most of them turns out to be a scam because they can’t totally pay their players especially with the jackpot so better to choose the site that is being honest with their total funding and can really afford to pay gamblers on their winnings. If the site is just relying on the losses of the gamblers, I don’t think that site is worth to try better to look for other option.

When it comes to the decent initial investment, I guess it would mean a huge sum of funds which could atleast cover some high roller bets. Also, even if the house always win, there are some that aren't since they still follow the probably fair rules and guidelines which may sometimes go in favor of the bettor.

Well, I guess casinos will not build business if they are not capable to sustain it in the long run. So they should have enough bankroll needed for a casino to establish a good business. And even if they will use the money from the losers, I think that’s not an issue since money should be properly roll so that the business will also be sustainable.

Well, you need some initial investment (decent one) so your statement is not 100% correct. Other than that, you're almost right - online casino is a piece of software programmed in a way to bring profit to it's developer/owner. There's a certain % of funds which can be won, the rest stays at the casino "the house always wins" they say. 

on this issue I think it can vary from case to case, for example there may be cases in which a person creates a casino with the aim of deceiving and robbing people, in that case the person will create a casino without having much capital and will make payments thanks to loss of people and when there are many customers that person will close the casino and will run away with all the people's money

another scenario would be someone who has a dream of having a casino but that person doesn't have a lot of money to run the casino, so the person decides to create the casino and starts paying customers thanks to the money of people who play and lose at the casino, This scenario I'm talking about is something anyone can make an assumption about when they see a new casino coming here on the forum but they don't have the money to run a signature campaign for 2 weeks if the budget for such a campaign costs less than 1000$, so we wonder if this same casino has its own funds to pay customers

A casino can have a bankroll or don't have it. The one that doesn't is going to be rigged for sure. There were many casinos like that where they had no bankroll but the games were set in such way that they'd first make you lose for you or someone else to win some money back. Eventually they could make money from 0, let you lose 2 games than win 2 but each time they'd subtract a fee for the casino.
There were also scam casinos that worked fine until someone broke the bank and then a casino owner would shut it down and launch a month later under a new name.
You can't run a legit casino without some money on the side because you'll be making money but once in a while someone will get lucky and win big. You have to be able to pay them or you're done.

Overall, I agree with what you said. also, as I said before, that the online casino business is a very profitable business. however, to build this business requires a lot of financial logistics. what Op asked in this thread, is the very wrong thing about starting a business with zero funds at hand. because, that is impossible even if the casino that is built does not have a license. at least, there are funds to be prepared. You have conveyed several points correctly, that starting a casino business is an expensive business. the reason is, if we are engaged in this industry, we need sound capital, especially with regard to license issues which require a lot of funds. I think, with the various comments from the members here, I hope the Op gets a little understanding regarding what he is asking.

I would assume that any serious casino, whether new or not, always has funds in order to pay their winners. House edge may be good and well but lady luck does not always care about probabilities. What happens if a new casino has to pay a big win and does not have the money? Legally, they would find themselves in hot water quite fast. I guess this is one of the reasons we keep hearing about small/unprofessional casinos withholding winnings on arbitrary grounds until they earn enough money from other players to finally settle the score.