If it is not really an "addiction" how do you really explain online gambling addiction where you gamble on your house.
Yes free drinks and women around and no clocks and really weird exit route and all of that is really keeping you in there to gamble as much as possible but in reality when you are gambling from your house you are having trouble leaving as well.
I know someone who goes to cyprus once a year and she goes there with a set amount of money to gamble, after all she goes there to spend money and have fun and she uses that money whilst getting free drinks and free food and so forth and really have the time of her life and in the end never spent more than what she arranged while going there.
However, we have all known people who have lost all their money at once at online gambling and while you are gambling on a casino you have to get up get dressed go there and spend money and if you lose all your money with you than even if you withdraw money from somewhere than you need to get up and do all of that again. Whereas playing online you can sit on your underwear and gamble millions of dollars easily with a click.
Topic: [Video] How do Casinos make money? - page 3. (Read 782 times)
This reminds me of the way strip clubs operate. You might think that getting a lap dance is the most expensive thing and that clubs mainly make money from that and the tips, but no. People are focused on how much a dance costs more than on the price of the drinks and drinks are what makes it profitable for the club. They're at least 3 times more expensive than in a pub. Gamblers focus on the game they come to play, like roulette, but while they walk around they casually spend a while at a slot machine, order a few drinks, and don't even remember doing it because they came for roulette and that's all they think about all evening.
I don't know how much it's relevant to the online gambling scenarios but definitely worth checking it out.
It's highly relevant since some tricks could be applied to online casinos such as :
1. Live online dealer (using video streaming)
2. Lots of free things such as deposit bonus, gambling coupon & faucet
3. Using psychology design to make their website theme, such as using soft color
Also, online casino can be accessed anywhere with internet connection which tempt gambler easier while gamblers still need drive to physical casino.
Thanks for the share up and i can say this is more psychological which i do really agree on what are the facts being pointed out on that infographics.
Just to point out some HE being mentioned on that video.
Slots HE- 17%
Keno- 25%
Blackjack - 0.8%
Craps- 0.8%
Baccarat- 1.06%
I fully agree on this line stated by a former dealer.
"I chose to leave because gaming exploits the negative characteristics of a human nature to extract as much money from each customer as fast and as frequently as possible."
This wont really be applicable on physical casinos but also on online casinos as well yet behavior can be seen either both sides.
Just to point out some HE being mentioned on that video.
Slots HE- 17%
Keno- 25%
Blackjack - 0.8%
Craps- 0.8%
Baccarat- 1.06%
I fully agree on this line stated by a former dealer.
"I chose to leave because gaming exploits the negative characteristics of a human nature to extract as much money from each customer as fast and as frequently as possible."
This wont really be applicable on physical casinos but also on online casinos as well yet behavior can be seen either both sides.
Well The casino is a business establishment so what do you expect, A business needs to profit so they will sure do something to make a profit and even ending up a psychological technique to simply lure customers in playing in the casino, They will simply put what most people would like if not alcohol there will be beautiful women wandering around the casino and gamblers will accommodate them to impress them that they will make a win, But that's not the case because the house always wins and has a big edge in profiting than you, they will tend to exploit the weakness in the human brain to keep on playing, Well this video is very informative and can really help certain people who want to try to play on the casino.
Just stumbled upon this video while surfing youtube out of boredom: https://www.youtube.com/watch?v=yXlLsg9t5jU&t=338s This really hits the spot and shows what really runs the gambling industry. No, it's not money addiction or the hobby to get rich. It's much more than that. It's very much psychological!
I don't know how much it's relevant to the online gambling scenarios but definitely worth checking it out.
I don't know how much it's relevant to the online gambling scenarios but definitely worth checking it out.
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