I can bring few more examples of house and gambler if I am not wrong. I am being a gambler. I go with small investment and trade few cheap cons that has huge market volume. Lets see my examples below. But house never be always a winner.
In Corporate:
House;- CEO, MD, Senior managers
Gambler - Employees at normal grades, admins, securities and house keeping
In Cine filed:
House;- Producers, directors, music directors, art directors
Gambler ;- The technicians, co artists and other workers
In politics:
House: Chief Ministers, MLAs, MPs, PM and all other Leads
Gambler: The people
Topic: The houses always win, are you the house or the gambler? - page 6. (Read 1227 times)
The house is not going to be in loss even though if they have paid a millions dollars for the jackpot that is what the actual meaning of "House always wins", its happening because the house has more probability to win the game so if 10 people are playing then 9 is going to lose and only 1 is going to win and he may take money from 5 others so hous is still going to make that money from 4 with no risk.
But what if a new casino opens up and they put the jackpot in and some lucky gamblers manages to get the jackpot on the first day? At that point the casino would actually lose money. Sure they have an edge in every game, but if they there aren't enough gamblers they could lose money. For the house este to fully work they need a lot of games being played every day. The law of large numbers will make it hey closer to the house edge.
That makes no sense how is a miner the house in Bitcoin? They generate new blocks for the rest of the network and then they process transactions that is not gambling but a way of assuring Bitcoin survives.
The impression of gambling is to give plebs and others which may involve the option of winning through the unguaranteed chance and base on the OP question no gambler will ever be the house except those that invested in the house bankroll but it's not always profitable as people believe it to be because it also involves risk taking.
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The impression of gambling is to give plebs and others which may involve the option of winning through the unguaranteed chance and base on the OP question no gambler will ever be the house except those that invested in the house bankroll but it's not always profitable as people believe it to be because it also involves risk taking.
The houses always win, are you the house or the gambler?
It's a fact and every old gambler knows this, but gamblers are giving away their money for nothing, they get entertained, they get excited, and sometimes or most of the time for some gamblers they win a huge jackpot, the worse thinking is for you to come in a gambling site with a mindset that you can bring down the house, even if you have a big bankroll, you can only win if you know how to stop when winning, and this is a big challenge for every gambler.
Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win.
When I think back, and it looks like you've lost a lot of capital, so take this question quite seriously and put it in this thread.
Actually at the beginning of your meeting with the gambling house, no one forces you to go in and bet everything. this is really purely volitional and stems from the gambler's desire to keep on making profits.
The house is not going to be in loss even though if they have paid a millions dollars for the jackpot that is what the actual meaning of "House always wins", its happening because the house has more probability to win the game so if 10 people are playing then 9 is going to lose and only 1 is going to win and he may take money from 5 others so hous is still going to make that money from 4 with no risk.
But what if a new casino opens up and they put the jackpot in and some lucky gamblers manages to get the jackpot on the first day? At that point the casino would actually lose money. Sure they have an edge in every game, but if they there aren't enough gamblers they could lose money.
If they are a small casino then provably it will hurt there funding's and this could provably start of winning scamming since they can't able to pay the winner of the jackpot prize, that's why on this discussion we need to bet on good established casino so that if this scenario will happen we can assure to get our winning prize.
The houses always win, are you the house or the gambler?
Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win.
-snip-
So anyone that would like to take high risks according to you are idiots? Of course the house won't be taking risks. They are not a charity organization. They are here not to give you free money. They are here to make profit (talking about casino, not the other random weird stuffs that you also included). You take risk to make quick profit. This is how it all works. Take high risk, get high reward. Take low risk, enjoy less profit. You can't call someone that is willing to take high risk an idiot.Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win.
-snip-
Well maybe he's not on high risk betting since he cannot take those things properly and there are really people who take a lot of risk and mostly the one who earned richest from this are those people who's braved to handle that situations and its not right to call them idiot since they just have courage to take those huge risk for theirselves even though the house mostly win on this category
The house is not going to be in loss even though if they have paid a millions dollars for the jackpot that is what the actual meaning of "House always wins", its happening because the house has more probability to win the game so if 10 people are playing then 9 is going to lose and only 1 is going to win and he may take money from 5 others so hous is still going to make that money from 4 with no risk.
We can't say that every "house" has a million-dollar jackpot, and I guess we can say that once in million times (more or less) there are situations when 9 out of 10 people wins... It's why casinos with a profit-sharing feature are interesting, we can see their stats... so it's not like that house always win, there are situations when they are negative! House has an advantage, but we can't say that house is invincible, it's gambling for us and them, the risk exists for all involved parties!
You can't just be biased about who wins between the gambling house and the gambler. I would agree that high risk takers goes the extra mile in most cases in order to get a high reward ratio. But we still have deciplined gamblers who just gamble for the fun of it. We might feel we're generating income for the house but on the other hand the gambler might have made profit worth many times bigger than his/her total stakes.
I agree! In the end, it's different for all... we have different bankrolls, different game styles, so we have different results in the end! I can put myself in that "disciplined gamblers group", we gamble for the fun of it... and while we lose here and there, sometimes we can have nice wins that put us on the positive side!
The houses always win, are you the house or the gambler?
Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win.
-snip-
So anyone that would like to take high risks according to you are idiots? Of course the house won't be taking risks. They are not a charity organization. They are here not to give you free money. They are here to make profit (talking about casino, not the other random weird stuffs that you also included). You take risk to make quick profit. This is how it all works. Take high risk, get high reward. Take low risk, enjoy less profit. You can't call someone that is willing to take high risk an idiot.Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win.
-snip-
I guess OP doesn't understand what gambling really is... and I agree with you, it's not on him to judge others and to call people idiots just because they want to take the higher risk to get some higher reward! It's on us to choose the level of risk, and to be ready for any outcome! I don't like people who decide to take the risk and later they cry about it!
The houses always win, are you the house or the gambler?
Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win.
-snip-
So anyone that would like to take high risks according to you are idiots? Of course the house won't be taking risks. They are not a charity organization. They are here not to give you free money. They are here to make profit (talking about casino, not the other random weird stuffs that you also included). You take risk to make quick profit. This is how it all works. Take high risk, get high reward. Take low risk, enjoy less profit. You can't call someone that is willing to take high risk an idiot. Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win.
-snip-
The house is not going to be in loss even though if they have paid a millions dollars for the jackpot that is what the actual meaning of "House always wins", its happening because the house has more probability to win the game so if 10 people are playing then 9 is going to lose and only 1 is going to win and he may take money from 5 others so hous is still going to make that money from 4 with no risk.
You can't just be biased about who wins between the gambling house and the gambler. I would agree that high risk takers goes the extra mile in most cases in order to get a high reward ratio. But we still have deciplined gamblers who just gamble for the fun of it. We might feel we're generating income for the house but on the other hand the gambler might have made profit worth many times bigger than his/her total stakes.
Being a casino owner is not a joke, dealing with a huge capital and huge taxes I’m pretty sure they have to do everything to win and that’s why the odds for becoming a profitable casinos is high if there’s a lot of players but if none, then their business will slowly die since not all casinos are able to lure gamblers on their site or casinos.
Exactly, it doesn't mean that you have the capital you can already start a casino. Knowledge is very important, this is a risky business, yes a lot of businesses had succeeded but we can't discount the possibility that you will also lose big money because your business will fail.
I’m more of a gambler, I understand the odds of losing money and that is normal in gambling. The house has the advantage but you should not focus on that, you just have to enjoy playing and let your luck be in your favor.
Same here, I don't even think of making my own casino because my current financial status would not allow me to do it, I just gamble, hope to win big and then start my own business, probably not a casino.
The houses always win, are you the house or the gambler?
I think you started getting far too misogynistic towards the end of your post and ended up coming across as bitter rather than insightful. Stick to posting about gambling rather than relaying your poor property purchasing decisions and lack of balanced relationships. It is clear that Las Vegas was built from the money the players have lost over the years and the fact that casinos give away so many freebies to "loosen your inhibitions" should be a clear indicator that it is a lucrative business. Unless you stick to free bets (whether sports betting or in casino tournaments) then you're likely to just keep feeding this gigantic "entertainment" based industry.
I really think there is still risk in being an owner of a casino or gambling site if there are no gamblers playing on their site or the casino then they will be bankrupt in not getting profit, That is why the house is doing something like that they need that risk to profit, I think that the system of the house is sure a mystery or the algorithm that includes the house there is this system that sometimes the gambler will profit from it and sometimes the gambler will lose towards it aswell, I really think it is not right to say that the house always wins because the house surely needs that profit in order to keep going, I should say luck base games can sometimes take you profit but any time the losing factor will always be there.
But obviously, casino's whether online and offline tend to be successful because there are hundreds of gambler born every day. So they just need to have huge capital or the backing of some big financial magnate put up a casino, market it, promote it to attract new and old gamblers. Yeah, sometimes there are days that the casino will have some whales and win big, but majority is that they really take profits because of the house edge.
Yup! Agreed, gambling like these obviously would tend to make success base on its players, and surely there will always be gamblers out there that will and may play on these kinds of establishments, and yes there may be many investors backing up casino whether it may be an online one or an offline one, and sometimes success will surely tend to skyrocket dues to the hype of their games in that platform, that is why the government will surely get a large sum of the tax because the gambling will sure strive due to the nature of good marketing of its people, but it will surely base on that and not all can profit that much.
I think operating a casino as the house does carry more risk to incur losses than operating as a stock broker in the stock trading market. If a gambler does truly get lucky and wins a huge amount of money in the casino, and if that gambler decides to stop gambling and leave the casino after withdrawing all his winnings without the intention of returning to the casino again, the casino owner will have to pay that gambler winnings out from his own pocket.
But a company operating as a stock broker, basically they do not lose any money when stock traders gain a huge amount of profit by trading in the stock market, because all the profits from the stock market that traders gain will come from other stock traders who decides to sell their stocks away at a loss. The stock broker will just collect a certain fixed amount of broker fees from their customers who trade stocks using their company trading platform regardless of loss or profits in every trade.
But a company operating as a stock broker, basically they do not lose any money when stock traders gain a huge amount of profit by trading in the stock market, because all the profits from the stock market that traders gain will come from other stock traders who decides to sell their stocks away at a loss. The stock broker will just collect a certain fixed amount of broker fees from their customers who trade stocks using their company trading platform regardless of loss or profits in every trade.
I really think there is still risk in being an owner of a casino or gambling site if there are no gamblers playing on their site or the casino then they will be bankrupt in not getting profit, That is why the house is doing something like that they need that risk to profit, I think that the system of the house is sure a mystery or the algorithm that includes the house there is this system that sometimes the gambler will profit from it and sometimes the gambler will lose towards it aswell, I really think it is not right to say that the house always wins because the house surely needs that profit in order to keep going, I should say luck base games can sometimes take you profit but any time the losing factor will always be there.
But obviously, casino's whether online and offline tend to be successful because there are hundreds of gambler born every day. So they just need to have huge capital or the backing of some big financial magnate put up a casino, market it, promote it to attract new and old gamblers. Yeah, sometimes there are days that the casino will have some whales and win big, but majority is that they really take profits because of the house edge.
I really think there is still risk in being an owner of a casino or gambling site if there are no gamblers playing on their site or the casino then they will be bankrupt in not getting profit, That is why the house is doing something like that they need that risk to profit, I think that the system of the house is sure a mystery or the algorithm that includes the house there is this system that sometimes the gambler will profit from it and sometimes the gambler will lose towards it aswell, I really think it is not right to say that the house always wins because the house surely needs that profit in order to keep going, I should say luck base games can sometimes take you profit but any time the losing factor will always be there.
The houses always win, are you the house or the gambler?
Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win. The houses do not care whether some of you wageslave plebs actually make a lot of money from the high risk high reward. The houses need some of you plebs to make a good example to a get rich quick scheme, to educate all other wageslaves to not give up the hopes of beating the house. Are you the house or the gambler?
In crypto
The house is: miner, dev, whale holder.
The gambler is: wageslave trader, wageslave investor, wageslave plebs, all of you suicidal wageslave high risk high reward taker.
No need to be judgmental about high risk and high reward because without high risk there is no high reward, and a decision to take the risk can be based on some rational thinking.Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win. The houses do not care whether some of you wageslave plebs actually make a lot of money from the high risk high reward. The houses need some of you plebs to make a good example to a get rich quick scheme, to educate all other wageslaves to not give up the hopes of beating the house. Are you the house or the gambler?
In crypto
The house is: miner, dev, whale holder.
The gambler is: wageslave trader, wageslave investor, wageslave plebs, all of you suicidal wageslave high risk high reward taker.
The house wins against the majority, sure. However, if it's skill-based gambling, some might succeed systematically. Also, there are tons of casinos which are stillborn or die shortly after birth. Money was invested into them by their creators, but people are not coming to play there. So casinos lose.
Also, miners are not the house in cryptos. Mining also involves the risks: you buy expensive equipment and pay large bills, maybe also pay the rent and hire personnel. And then Bitcoin price can decrease, making your mining operations unprofitable. Or some equipment can break before you even return the money you've invested.
Regarding gambling in the casino yes, the house will always win. That's because we as gamblers will never be satisfied with anything we achieve, lose or win. We will come back again the next day until we can no longer bet money on it. The thing that will stop us from visiting gambling establishments is when we have nothing left to fulfill our gambling cravings. Only those who can control themselves who wont suffer from the side effect of gambling.
Indeed. We are never satisfied with what we achieved already and we want more and if that is at gambling games, we will regret it when we see that we do not have anything to gamble. At that time, we will be disappointed and very sad because we already risk everything we have and we also have another problem: a gambling addiction. That is why that the house will always win. But we have a chance to win if we can stop the game after we hit some money. That will be the real winner. We know when to stop gambling and not risk more money because we already win some money.
The houses always win, are you the house or the gambler?
~snip~Do houses always win? No! Homes almost never lose.
We've had countless cases of lucky players who have won big prizes and them withdraw money from the house to their wallet (if not a scam).
Yes, I'm a player too. I don't have my own company. I do not have a system that I can fully control.
I interact with other people's systems. I play at online casinos and control my emotions. This is required in order to receive your winnings.
I invest in alternative cryptocurrencies. My goal is to buy them at the lowest price and sell them at the highest price. Essentially a speculator.
I am trying to adjust to this world.
My goal is to use other people's systems and get economic benefits from it.
This is my tactic and strategy.
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