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Topic: The realities of modern casinos - page 2. (Read 429 times)

full member
Activity: 1022
Merit: 133
March 31, 2021, 09:33:20 AM
#28
Modern casinos have the abilities which traditional casinos lacked, which is the power to advertise with the vast majority of people in the world of internet. The internet has opened doors to these casino businesses, and another weapon that has helped them is crypto, because with crypto one can easily register on a website in few minutes and wager and play games without even revealing their identity and source of funds, all it takes is an username and password, and voila, you can now play! Obviously this is bad, and one should not get into this and use the money to invest or spend on something good Wink it's difficult to fight the temptation, but with progress it can be controlled. That is what is normal Cheesy
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
March 31, 2021, 08:57:16 AM
#27
This is not a modern way because since then, Casinos are making money out of the pocket of the gambler so this is an old age tradition of making money of the casinos.

We cannot stop gamblers from spending their money, you do have your own 15 years of experience and why you took that long before realizing that the house will always win?

We can only share are bad and good experiences about gambling, but we cannot dictate those newbies on what they can do with their money, investing or not its their choice.
legendary
Activity: 2310
Merit: 1422
March 31, 2021, 08:38:16 AM
#26
The verb defeat doesn't really work in a phrase in which the words house edge are present: there's no way anyone, no matter how big his own bankroll is, can defeat the HE on the long run. I'll always debunk that as gullible people can fall into believing that to win money the only thing to have his huge ammunition.
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
March 31, 2021, 08:20:22 AM
#25
That is part of gambling, my uncle who operates a traditional casino when e was younger told us to never gamble, he said the house always wins. It may let you win one day and if you keep coming back it will take away all your money. The more people are getting greedy in gambling the more it is profitable for casinos. It is true few people hit the jackpot and take huge money, but have you wondered how much money has he spent on gambling before winning that jackpot. It is all based on luck but the house always has an edge over players.

House edge is the reason why the house always win. They are deducting fee on every bets you made on any gambling games that’s why Casino is very hard to beat but not impossible at all. You can defeat it by doubling the amount of your bankroll versus the casino. I knew some guy in my town that almost banned on casino here due to the size of his bankroll. He keeps betting until he win because he was so confident on his bankroll size.

But in normal person with average bankroll size. It’s impossible to win on casino in the long run.
full member
Activity: 1638
Merit: 122
March 31, 2021, 08:14:38 AM
#24
 what did you do in that 15 years .
 are you an observer and not a gambler ? we have seperate luck , you can be one of the loosers that you read or you can be one of the jackpot winners but the the only way to find it out is when you start playing a gambling .
the advantage of modern online casino is they can promote easily and they can promise great rewards but its up to you if you will bite this up but you should learn to have a self control .
legendary
Activity: 2688
Merit: 1192
March 31, 2021, 07:05:02 AM
#23
You have to really understand that online casinos are just games rigged to take away your money. There is literally no other reason for their existence - they have bills to pay and are not a charity. They are using a form of (addictive) entertainment to take money from one source (gamblers) into another source (the casino bank account). People are generally terrible at understanding the maths involved and will always think they can be the lucky one to beat the odds. Even when people do beat the odds, they become addicted to the buzz or have formed a reoccurring habit and usually end up giving the money back while they chase another win. You see people posting about losing all the time because these casinos serve no other purpose than to take your money based on long term statistical averages and use all kinds of psychological tricks to achieve this. People also have a nasty habit of chasing losses to recover money they will never get back.
sr. member
Activity: 1330
Merit: 326
March 31, 2021, 05:55:40 AM
#22
We all have different luck by the way, so the luck of that player doesnt mean you cant have that luck, too. If you are asking whether it is better to just invest your fund in other assets like crypto investments. Well, you should prioritize which one will be give you sure profits.

And you have said you have been gambling for 15 years, it is not easy to leave gambling. What you have to do is to invest most of your fund, then gamble small amount or the amount that you can afford to lose. Or get half of your investment profits and play it.

Remember that gambling will always be gambling, even you play in lower mutipliers, if you do not take out your winnings, house will always gonna win over you.
Ucy
sr. member
Activity: 2632
Merit: 403
Bisq is a Bitcoin Fiat Dex. Use responsibly
March 31, 2021, 05:28:03 AM
#21
Betting sites actually need to more beneficial to bettors, not just the stakeholders/owners. I have recommended using methods that benefit  bettors more or make them better people... rather than leaving them worse than they were before engaging in the bets.
You could incentive Skill-based betting and reward good performance by ranking up participants, rewarding them with token, points etc.
And you could have more prize winners in  Luck-based betting by splitting the "huge prize" meant for one winner to multiple winners. There are other ways to reward luck-based bettors without necessarily rewarding with money.
It's important to avoid gambling (taking big risk). Only bet with what you can afford to lose/risk. You don't really lose the money by the way... It's distributed to stakeholders and other skilled/lucky participants.


Will hopefully write on how to be Responsible and Successful Bettor without Gambling.
I need to learn alittle bit about certain betting markets before writing this.


legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
March 31, 2021, 04:20:38 AM
#20
Because mostly everything depends on your luck. That's all. If you do not have luck, you lose. It is inevitable in gambling since your wining chance has a lower rate than losing chance. Even a moderately rate such as 0.1% has already brought the enormous difference.

In order to avoid the painful moment in gambling, try to treat it as gambling . Do not try to make any kind of money from this unless you are blessed by heaven and gods. To me, gambling is just a form of entertainment, and sometimes, I do have luck so that I withdraw my money and have a big party. But I never intend to generate a stable income in trading. The algorithms, strategies are all bullshit.


Nevertheless, I still admire people who are able to make money with gambling, no matter they are lucky or not. They are just superior.
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
March 31, 2021, 04:11:19 AM
#19
Hard to believe you've been gambling for 15 years and still asking questions like this!
1. Read about house edge. The odds are always tipped in the favor of casinos (not just modern ones as you say) so that in the long term gamblers are more likely to lose when they play at casinos.
2. Gambling is an industry and a business.
3. For you perosnally, don't treat gambling as anything other than a fun past time and entertainment. Play with money you must ASSUME you lose.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
March 31, 2021, 03:58:22 AM
#18
Hello! Why in modern casinos everyone loses and all casinos grow so quickly, including all of them, depending on online, their bankroll is growing and they are ready to accept investments in their projects?! I have been in online gambling for about 15 years, if anything. I sit on many casino forums, almost everyone and always lose everything, even at a distance, which is logical. But there are lucky ones who are lucky enough to hit the jackpot or successfully place a high bet and catch a large multiplier. Maybe a modern casino uses the maximum psychology in its favor with promotions and conditions? What do you think, is it worth starting to play at an online casino at all, or is it better to invest this money in something worthwhile? Let's not let newbies go from first win to psychologist - how to stop gambling and lose everything! Let's talk about a rather difficult moment to play in a casino or not?
So you are trying to say "past casino" gave players better chance of winning? Lol, no they didn't. This gambling. The gambling industry is alive and still exists, because in the long run, it is always them who wins. And more modern casino are popping up (i guess you meant online casino?) and becoming successful because each of them offer different games and different features. Advertising online casino is also easier thanks to the modern advertisement targeting technology. They are all not the same. And more gamblers are joining due to ease of access and being able to play from their comfort zone.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
March 31, 2021, 02:58:57 AM
#17
If the house loses more often, the Online Casino will not appear much because it means it is not a profitable business.
This article is quite straightforward to explain Why Does the House Always Win? A Look at Casino Profitability

In my opinion, not all players experience defeat, there must be those who also get profit, it's just that there is no definite data on what percentage of players can make a profit.
hero member
Activity: 1694
Merit: 516
March 31, 2021, 02:40:41 AM
#16
Hello! Why in modern casinos everyone loses and all casinos grow so quickly, including all of them, depending on online, their bankroll is growing and they are ready to accept investments in their projects?! I have been in online gambling for about 15 years, if anything. I sit on many casino forums, almost everyone and always lose everything, even at a distance, which is logical. But there are lucky ones who are lucky enough to hit the jackpot or successfully place a high bet and catch a large multiplier. Maybe a modern casino uses the maximum psychology in its favor with promotions and conditions? What do you think, is it worth starting to play at an online casino at all, or is it better to invest this money in something worthwhile? Let's not let newbies go from first win to psychologist - how to stop gambling and lose everything! Let's talk about a rather difficult moment to play in a casino or not?

I think the growth of online casinos is due to the corona pandemic. In my country all physical casinos are closed for a year already, so all the usual gamblers who were going to casinos once a week now need to gamble online if they still want to gamble. Also, a lot of people have more spare time at hand because all the sport and culuture activities are canceled aswell. I would assume that casinos got a lot of new customers over the last 12 months with a lot of new capital.

The second point I would make is that people tend to tell more about their losses than their winnings. For example, I remember better the occasions where I lost than the once were I won. The same goes probably for the internet aswell, people tend to share more their losing stories than their winning stories. I don't think everybody is losing while gambling.
legendary
Activity: 1372
Merit: 2017
March 31, 2021, 02:12:55 AM
#15
Hello! Why in modern casinos everyone loses and all casinos grow so quickly, including all of them, depending on online, their bankroll is growing and they are ready to accept investments in their projects?! I have been in online gambling for about 15 years, if anything. I sit on many casino forums, almost everyone and always lose everything, even at a distance, which is logical. But there are lucky ones who are lucky enough to hit the jackpot or successfully place a high bet and catch a large multiplier. Maybe a modern casino uses the maximum psychology in its favor with promotions and conditions? What do you think, is it worth starting to play at an online casino at all, or is it better to invest this money in something worthwhile? Let's not let newbies go from first win to psychologist - how to stop gambling and lose everything! Let's talk about a rather difficult moment to play in a casino or not?

You have been online gambling for about 15 years but you, like almost all gamblers, don't understand the math behind it. If you understood it you wouldn't ask if it is better to gamble or to invest. Of course it is better to invest. Actually if you saw both graphs,one representing the casino's profit/loss as a function of time, and the other representing the gambler's profit/loss, you would see that they are totally opposite. The former tends to go up. The longer term the more it goes up. Whereas the latter tends to go down.
legendary
Activity: 3136
Merit: 1233
Bitcoin Casino Est. 2013
March 31, 2021, 02:06:31 AM
#14
It is really easy to understand.That is because casinos implement a house edge which will ensure they will only grow their profit in the long run.The few times a user wins I am sure a lot of others have lost and this is not a problem for the casino.Even when someone wins big others may have lost big so the casino run their business with peace of mind that it will be profitable in the long run.

As a gambler you and me are trying our luck to hit that jackpot as we know we cannot win in the long run.
member
Activity: 868
Merit: 63
March 31, 2021, 02:01:43 AM
#13
Because it's "GAMBLING". You will lose, you will win.

Chances of winning in the casinos don't change since the beginning, whether old or modern. There is just a new system to shows that everything is fair.

If you are struggling to win in casinos, why not take your gambling activity into skill or strategy ones?
I think OP just wants to make a reason out of as to why he/she is losing when he/she is gambling so OP has to ask whether there is a difference in casinos which any rational people with common sense like @chaser15 knows that there really isn't any difference.
sr. member
Activity: 2492
Merit: 277
Hire Bitcointalk Camp. Manager @ r7promotions.com
March 31, 2021, 01:54:14 AM
#12
Bankroll is increasing because more players started to gamble online for various reasons, house always wins so more players means more people are going to lose but it doesn't mean everyone is losing. People often win lot of money from very little bet amount so luck decides you fate.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
March 31, 2021, 01:43:11 AM
#11
It's gambling. You don't know when your luck comes and every time you gamble, you try you find out whether you are lucky or not. The casino often wins because the ods is always favors the house. Even if you knew this, we always want to try our luck and we have been doing this for years. If you wanna win all the time, be an owner of a casino.
sr. member
Activity: 2618
Merit: 439
March 31, 2021, 01:20:15 AM
#10
Hello! Why in modern casinos everyone loses and all casinos grow so quickly, including all of them, depending on online, their bankroll is growing and they are ready to accept investments in their projects?! I have been in online gambling for about 15 years, if anything. I sit on many casino forums, almost everyone and always lose everything, even at a distance, which is logical. But there are lucky ones who are lucky enough to hit the jackpot or successfully place a high bet and catch a large multiplier. Maybe a modern casino uses the maximum psychology in its favor with promotions and conditions? What do you think, is it worth starting to play at an online casino at all, or is it better to invest this money in something worthwhile? Let's not let newbies go from first win to psychologist - how to stop gambling and lose everything! Let's talk about a rather difficult moment to play in a casino or not?
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Don't say that ALL OF CASINO GROW QUICKLY because if does then there must no casino that closing .

But we already witnessed about Many casino's just this year and last year that comes to their end, i know that some may decide to stop because they have enough but others I'm sure stops because of bankruptcy .
member
Activity: 1120
Merit: 68
March 31, 2021, 01:09:52 AM
#9
Why do people always try to find the reason why the other kind of casino makes you lose more than the other, I mean come on anyone smart enough knows that in gambling the losses is always going to be present and more prevalent more than wins and no matter which it is, be it physical or online, it doesn't matter. People that is like OP who is trying to make a loop as to why people are losing are pretty oblivious to the essence of gambling which is the player losses and the house wins.
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