We lose on the long run through return percentage

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: michellee on February 01, 2023, 02:17:40 AM

Quote from: romero121 on January 31, 2023, 07:03:39 PM

Every casino is business and the success depends on the gamblers involvement. As mentioned casinos aren't run to give free money, it is a business where return is expected. One wins and ten losses which is how Casinos operate, but the hope keeps the gamblers continue to wager even though they had experienced loss. It might look big when we make small money,, but when we calculate overall spending most of the gamblers will be on loss.

You are right. The money we lose will be greater than the amount we win. And even though some gamblers can get more winning money than the amount they lose, the number of gamblers is certainly less than those who experience defeat. If we already know about it, we better limit ourselves so as not to go overboard and to guard against losing even more money. The casino will get the biggest winnings because many gamblers experience big and small losses simultaneously.

The volumes of those gamblers that will play will give the advantage to the casino, though there are some gamblers that might win the game but the numbers of those who will lose most of the time are far higher than those who wins, and adding to that, those who at first manage to win can easily go back and try to win for more, ending it up to lose back their winning and sadly to say they also lose their entire bankroll.

If you know how to limit and you have that good control, winning can be done and enjoy but most of the gamblers don't have this kind of self-control that's the very reason why there are more new casino houses that is being open compared to those who close the business.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: romero121 on January 31, 2023, 07:03:39 PM

Every casino is business and the success depends on the gamblers involvement. As mentioned casinos aren't run to give free money, it is a business where return is expected. One wins and ten losses which is how Casinos operate, but the hope keeps the gamblers continue to wager even though they had experienced loss. It might look big when we make small money,, but when we calculate overall spending most of the gamblers will be on loss.

You are right. The money we lose will be greater than the amount we win. And even though some gamblers can get more winning money than the amount they lose, the number of gamblers is certainly less than those who experience defeat. If we already know about it, we better limit ourselves so as not to go overboard and to guard against losing even more money. The casino will get the biggest winnings because many gamblers experience big and small losses simultaneously.

romero121

legendary

Activity: 3234

Merit: 1214

Vave.com - Crypto Casino

Quote from: Wakate on January 31, 2023, 05:17:25 PM

Quote from: AmoreJaz on January 29, 2023, 06:00:33 PM

Quote from: STT on January 29, 2023, 05:50:09 PM

Operations have to be paid for, its obviously not going to be a free of profits company for any gambling operation. I guess zero profit could be done short term but its true of most services, companies or products you buy; they must pay their people and for costs of the operation or they could not continue. That is always a reality of playing that good luck must be appreciated and always take something off the table to go home with you not be re-gambled I think is best policy.
Dont go in circles till you use it all up or yea its not profitable, mostly the games are for fun and thinking too much its profit is swimming against the tide.

gambling business thrive for a reason. and if the owner knows how to manage this kind of business, he can very well gain good profits. because if they are doing it wrong, certainly, they will go bankrupt fast and can't continue their business. and with the gambler, if he will continue playing, for sure, he will be on the losing side. because we know, a lot of gamblers will only stop if he has no more bankroll to play. that means, all his funds are already inside the casino.

Since the major aim of opening a casino is not to impress gamblers by giving out free cash for being a player. Everyone needs this money even the president of a country. Business need money to survives that is why we do see some big claims by casino of trying to give gamblers 100% returns that can never be possible. This is a business tactics and many the business owners do make use of these tricks even outside gambling.

Business must survive that is why many people including the team do look out for ways to accomplish a success business where customers would be pleased which the product the receive.

Every casino is business and the success depends on the gamblers involvement. As mentioned casinos aren't run to give free money, it is a business where return is expected. One wins and ten losses which is how Casinos operate, but the hope keeps the gamblers continue to wager even though they had experienced loss. It might look big when we make small money,, but when we calculate overall spending most of the gamblers will be on loss.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

Quote from: Silberman on January 30, 2023, 11:59:58 PM

Quote from: Docnaster on January 30, 2023, 07:21:08 AM

Just like other businesses or like a shopping mall. There is no how you will tell.me that you beat the shopping mall after shopping. Even if you are given a loyalty card which you shop with, there is no discount. They are simply reducing the price of some products and increasing some and give you at what seems to be a cheap price, which is not in a real sense.
So, we all lose on a long run and the business owner takes the profit while we take satisfaction which could be fun for gamblers.

Exactly, we may save some money if we buy when there is a discount or when we receive some kind of bonus for our purchases, but stores do not sell their products for a loss, and the same is true for casinos, running a casino is expensive as their owners have to hire programmers, customer support, rent servers and many other things, and as such they cannot offer the services of their casinos for free, but instead of charging directly like a regular store they use the house edge to keep themselves in business, and as we can see it works very well as only a minority can beat the casino with regularity.

Yeah, those with firm discipline are the only ones who can beat the casino. But, those are rare people because once you got used to gambling the money, you will keep on coming back without even thinking twice. The thought of a lucky day will always be there, and you want to test it as much as possible or win back what you lose thru that kind of mentality.
Like OP said, even jackpot winners had been losing their money in a year or two, there may be cases where the winners ended up not even enjoying the profits but only thinking about going back to the casino to win more, which we know is a bad idea considering the house edge. I've never won a jackpot yet so I don't know how that feels, maybe I will have the same thought if I do so.

Wakate

hero member

Activity: 1176

Merit: 543

fillippone - Winner contest Pizza 2022

Quote from: AmoreJaz on January 29, 2023, 06:00:33 PM

Quote from: STT on January 29, 2023, 05:50:09 PM

Operations have to be paid for, its obviously not going to be a free of profits company for any gambling operation. I guess zero profit could be done short term but its true of most services, companies or products you buy; they must pay their people and for costs of the operation or they could not continue. That is always a reality of playing that good luck must be appreciated and always take something off the table to go home with you not be re-gambled I think is best policy.
Dont go in circles till you use it all up or yea its not profitable, mostly the games are for fun and thinking too much its profit is swimming against the tide.

gambling business thrive for a reason. and if the owner knows how to manage this kind of business, he can very well gain good profits. because if they are doing it wrong, certainly, they will go bankrupt fast and can't continue their business. and with the gambler, if he will continue playing, for sure, he will be on the losing side. because we know, a lot of gamblers will only stop if he has no more bankroll to play. that means, all his funds are already inside the casino.

Since the major aim of opening a casino is not to impress gamblers by giving out free cash for being a player. Everyone needs this money even the president of a country. Business need money to survives that is why we do see some big claims by casino of trying to give gamblers 100% returns that can never be possible. This is a business tactics and many the business owners do make use of these tricks even outside gambling.

Business must survive that is why many people including the team do look out for ways to accomplish a success business where customers would be pleased which the product the receive.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: Silberman on January 30, 2023, 11:59:58 PM

Quote from: Docnaster on January 30, 2023, 07:21:08 AM

Just like other businesses or like a shopping mall. There is no how you will tell.me that you beat the shopping mall after shopping. Even if you are given a loyalty card which you shop with, there is no discount. They are simply reducing the price of some products and increasing some and give you at what seems to be a cheap price, which is not in a real sense.
So, we all lose on a long run and the business owner takes the profit while we take satisfaction which could be fun for gamblers.

Exactly, we may save some money if we buy when there is a discount or when we receive some kind of bonus for our purchases, but stores do not sell their products for a loss, and the same is true for casinos, running a casino is expensive as their owners have to hire programmers, customer support, rent servers and many other things, and as such they cannot offer the services of their casinos for free, but instead of charging directly like a regular store they use the house edge to keep themselves in business, and as we can see it works very well as only a minority can beat the casino with regularity.

Its a huge and expensive business due to the capital involved which it is normal that they would be running the business for profits and those are via for house edge which is typical.They do need to profit
and they do need to make money to cover expenses which is really that understandable.As a gambler then we should be aware on how things been going on what are the things you are dealing with.
Dont force yourself to win because house do always win in the end.Going for longer terms or session could really make you loss because of HE but if you are doing it for fun and
entertainment then this wont really be that much an issue.

lixer

hero member

Activity: 2688

Merit: 588

Quote from: AicecreaME on January 31, 2023, 04:46:40 AM

Gambling business owners need to have strategic mindset in order for their business to thrive successfully and be in par with the existing and reputable casinos. If the manager of the casino do not organize what they have to do and what to accomplish, they certainly will not attain it. Business owners have to set a specific goal and a specific time frame for it to be achieved.

They need to utilize their resources in order to make their casino one of the choices a player will have in mind if ever they are actively finding one. for the side of the gambler, it isn't enough to possess the fund needed in order to make a bet, and instead one must possess discipline and a critical mind to think and make worthwhile decisions.

Business owners have to focus on one thing which is profiting, and casinos are type of a business model and they have to focus on making profit. Most of them tend to be legit because they know that they will make a profit if they stay legit too, a few end up with shady moves and not allowing withdrawals and freezing accounts and so forth and try to make sure they end up with something that is a bit more on the risky side.

I believe that we shouldn't be really explaining this to people, because house edge is there to make sure casinos earn, and if they do something shady on top of that, then it's a bye bye and nobody will gamble there and they won't make any more money.

Accardo

hero member

Activity: 1274

Merit: 561

Leading Crypto Sports Betting & Casino Platform

Quote from: len01 on January 30, 2023, 08:25:11 AM

Quote from: Strongkored on January 30, 2023, 01:45:07 AM

Quote from: Accardo on January 25, 2023, 04:47:34 PM

yet my point is that no casino offers 100 percent payout
Isn't it?

That there is no casino or gambling site that gives 100% payout is true because they are business institutional and one of the goals of making it is to get profit and profits are obtained from taking a certain percentage of each player's bet. But why can gamblers still lose all their balances because they can never know when to stop and be patient to start gambling again and greed is one of the reasons players end up with nothing.

sometimes the gambler's mindset is wrong when he thinks that gambling is a place to multiply money. there are lots of cases like that in several countries. there must be a lot of gamblers who have that mindset and in the end, coupled with greed, it will be even worse.
if we understand, especially in slot games, usually in every single game we usually get an advantage, even if it's only a little. if we keep away from the mindset of doubling money and being greedy, surely we will stop for a moment to save the win and come back the next day to get another profit.
but gamblers prefer to start pressing the spin button continuously hoping for bigger profits, even though previously the bookies had already provided a small profit and in the end the bookies didn't want to lose and we would be defeated.

Such gamblers can be considered stage 1 gamblers, at the end of the day, they end up believing luck is not on their side. Contrary to your response, top gamblers make a living through gambling. What do you think of such players? These are some experts who have been gambling for quite a long time, and have studied the program behind every machine. While not everyone should see gambling as a place to multiply money, people are definitely multiplying money from gambling wisely. So, I think not all work fits all men, most gamblers may not make a living from gambling but they play because others can make profits through gambling. It's a matter of time such people can level up to understand how gambling works.

AicecreaME

sr. member

Activity: 2436

Merit: 455

Quote from: AmoreJaz on January 29, 2023, 06:00:33 PM

Quote from: STT on January 29, 2023, 05:50:09 PM

Operations have to be paid for, its obviously not going to be a free of profits company for any gambling operation. I guess zero profit could be done short term but its true of most services, companies or products you buy; they must pay their people and for costs of the operation or they could not continue. That is always a reality of playing that good luck must be appreciated and always take something off the table to go home with you not be re-gambled I think is best policy.
Dont go in circles till you use it all up or yea its not profitable, mostly the games are for fun and thinking too much its profit is swimming against the tide.

gambling business thrive for a reason. and if the owner knows how to manage this kind of business, he can very well gain good profits. because if they are doing it wrong, certainly, they will go bankrupt fast and can't continue their business. and with the gambler, if he will continue playing, for sure, he will be on the losing side. because we know, a lot of gamblers will only stop if he has no more bankroll to play. that means, all his funds are already inside the casino.

Indeed. Gambling business owners need to have strategic mindset in order for their business to thrive successfully and be in par with the existing and reputable casinos. If the manager of the casino do not organize what they have to do and what to accomplish, they certainly will not attain it. Business owners have to set a specific goal and a specific time frame for it to be achieved.

They need to utilize their resources in order to make their casino one of the choices a player will have in mind if ever they are actively finding one. for the side of the gambler, it isn't enough to possess the fund needed in order to make a bet, and instead one must possess discipline and a critical mind to think and make worthwhile decisions.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: bettercrypto on January 30, 2023, 12:10:11 PM

Most gamblers go home with tears in their pockets. Only a handful of us go home happy because they won a large sum of money. So the house edge often wins. And sometimes there are even frauds that other gambling platforms do for players.

So sometimes, there are other gamblers who have already won a large amount but the other gambling platform makes a way or reason to not release the winnings of a player.

Players who go home with tears in their pockets are the ones who have lost control of themselves as well as not put limits on how long their game can last. The longer they play gambling without good self-control, the closer they are to lose all their money, which has happened to many gamblers. That's why the house always wins in the end and the gamblers suffer huge losses.

And if other gamblers who win, regardless of the amount, cannot stop when they are at the peak of their winnings, they will probably lose the most money compared to other gamblers. To avoid that, just stop and leave gambling immediately.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Docnaster on January 30, 2023, 07:21:08 AM

Just like other businesses or like a shopping mall. There is no how you will tell.me that you beat the shopping mall after shopping. Even if you are given a loyalty card which you shop with, there is no discount. They are simply reducing the price of some products and increasing some and give you at what seems to be a cheap price, which is not in a real sense.
So, we all lose on a long run and the business owner takes the profit while we take satisfaction which could be fun for gamblers.

Exactly, we may save some money if we buy when there is a discount or when we receive some kind of bonus for our purchases, but stores do not sell their products for a loss, and the same is true for casinos, running a casino is expensive as their owners have to hire programmers, customer support, rent servers and many other things, and as such they cannot offer the services of their casinos for free, but instead of charging directly like a regular store they use the house edge to keep themselves in business, and as we can see it works very well as only a minority can beat the casino with regularity.

bettercrypto

sr. member

Activity: 1498

Merit: 271

DGbet.fun - Crypto Sportsbook

Quote from: Strongkored on January 30, 2023, 01:45:07 AM

Quote from: Accardo on January 25, 2023, 04:47:34 PM

yet my point is that no casino offers 100 percent payout
Isn't it?

That there is no casino or gambling site that gives 100% payout is true because they are business institutional and one of the goals of making it is to get profit and profits are obtained from taking a certain percentage of each player's bet. But why can gamblers still lose all their balances because they can never know when to stop and be patient to start gambling again and greed is one of the reasons players end up with nothing.

Most gamblers go home with tears in their pockets. Only a handful of us go home happy because they won a large sum of money. So the house edge often wins. And sometimes there are even frauds that other gambling platforms do for players.

So sometimes, there are other gamblers who have already won a large amount but the other gambling platform makes a way or reason to not release the winnings of a player.

len01

hero member

Activity: 1330

Merit: 585

Leading Crypto Sports Betting & Casino Platform

Quote from: Strongkored on January 30, 2023, 01:45:07 AM

Quote from: Accardo on January 25, 2023, 04:47:34 PM

yet my point is that no casino offers 100 percent payout
Isn't it?

That there is no casino or gambling site that gives 100% payout is true because they are business institutional and one of the goals of making it is to get profit and profits are obtained from taking a certain percentage of each player's bet. But why can gamblers still lose all their balances because they can never know when to stop and be patient to start gambling again and greed is one of the reasons players end up with nothing.

sometimes the gambler's mindset is wrong when he thinks that gambling is a place to multiply money. there are lots of cases like that in several countries. there must be a lot of gamblers who have that mindset and in the end, coupled with greed, it will be even worse.
if we understand, especially in slot games, usually in every single game we usually get an advantage, even if it's only a little. if we keep away from the mindset of doubling money and being greedy, surely we will stop for a moment to save the win and come back the next day to get another profit.
but gamblers prefer to start pressing the spin button continuously hoping for bigger profits, even though previously the bookies had already provided a small profit and in the end the bookies didn't want to lose and we would be defeated.

Docnaster

hero member

Activity: 1638

Merit: 576

Leading Crypto Sports Betting & Casino Platform

Quote from: Strongkored on January 30, 2023, 01:45:07 AM

Quote from: Accardo on January 25, 2023, 04:47:34 PM

yet my point is that no casino offers 100 percent payout
Isn't it?

That there is no casino or gambling site that gives 100% payout is true because they are business institutional and one of the goals of making it is to get profit and profits are obtained from taking a certain percentage of each player's bet. But why can gamblers still lose all their balances because they can never know when to stop and be patient to start gambling again and greed is one of the reasons players end up with nothing.

Just like other businesses or like a shopping mall. There is no how you will tell.me that you beat the shopping mall after shopping. Even if you are given a loyalty card which you shop with, there is no discount. They are simply reducing the price of some products and increasing some and give you at what seems to be a cheap price, which is not in a real sense.
So, we all lose on a long run and the business owner takes the profit while we take satisfaction which could be fun for gamblers.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: slapper on January 30, 2023, 03:02:55 AM

Quote from: STT on January 29, 2023, 05:50:09 PM

Operations have to be paid for, its obviously not going to be a free of profits company for any gambling operation. I guess zero profit could be done short term but its true of most services, companies or products you buy; they must pay their people and for costs of the operation or they could not continue. That is always a reality of playing that good luck must be appreciated and always take something off the table to go home with you not be re-gambled I think is best policy.
Dont go in circles till you use it all up or yea its not profitable, mostly the games are for fun and thinking too much its profit is swimming against the tide.

Indeed. Like every other kind of business, gambling establishments have overhead expenses that must be covered and must turn a profit in order to stay in operation. It's human nature to want to keep gambling until you hit it big, but it's smart to have a plan in place to protect at least part of your gains.

Gambling, whether in a casino or on the outcome of a sporting event, should be enjoyed for what it is: a form of recreation and diversion. Making it into a moneymaker might be counterproductive, as you can wind up investing your gains just to lose them again. The ideal approach is to not overdo it, to focus on having fun rather than generating money, and to learn as much as possible.

It's a smart way of gambling if you know how to control and limit yourself, the best thing when you are still involve is keep the enjoyment while wisely limit the time and the money that you'll going to spend while playing, either you are into casino type gambling games or sports betting games, what's important is you still have the control over to any situation that might come your way.

Gambling businesses are profitable, especially to those who already established their name and already have solid support from those loyal gamers/gamblers.

slapper

legendary

Activity: 1946

Merit: 1100

Leading Crypto Sports Betting & Casino Platform

Quote from: STT on January 29, 2023, 05:50:09 PM

Operations have to be paid for, its obviously not going to be a free of profits company for any gambling operation. I guess zero profit could be done short term but its true of most services, companies or products you buy; they must pay their people and for costs of the operation or they could not continue. That is always a reality of playing that good luck must be appreciated and always take something off the table to go home with you not be re-gambled I think is best policy.
Dont go in circles till you use it all up or yea its not profitable, mostly the games are for fun and thinking too much its profit is swimming against the tide.

Indeed. Like every other kind of business, gambling establishments have overhead expenses that must be covered and must turn a profit in order to stay in operation. It's human nature to want to keep gambling until you hit it big, but it's smart to have a plan in place to protect at least part of your gains.

Gambling, whether in a casino or on the outcome of a sporting event, should be enjoyed for what it is: a form of recreation and diversion. Making it into a moneymaker might be counterproductive, as you can wind up investing your gains just to lose them again. The ideal approach is to not overdo it, to focus on having fun rather than generating money, and to learn as much as possible.

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

Quote from: Accardo on January 25, 2023, 04:47:34 PM

yet my point is that no casino offers 100 percent payout
Isn't it?

That there is no casino or gambling site that gives 100% payout is true because they are business institutional and one of the goals of making it is to get profit and profits are obtained from taking a certain percentage of each player's bet. But why can gamblers still lose all their balances because they can never know when to stop and be patient to start gambling again and greed is one of the reasons players end up with nothing.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: STT on January 29, 2023, 05:50:09 PM

Operations have to be paid for, its obviously not going to be a free of profits company for any gambling operation. I guess zero profit could be done short term but its true of most services, companies or products you buy; they must pay their people and for costs of the operation or they could not continue. That is always a reality of playing that good luck must be appreciated and always take something off the table to go home with you not be re-gambled I think is best policy.
Dont go in circles till you use it all up or yea its not profitable, mostly the games are for fun and thinking too much its profit is swimming against the tide.

gambling business thrive for a reason. and if the owner knows how to manage this kind of business, he can very well gain good profits. because if they are doing it wrong, certainly, they will go bankrupt fast and can't continue their business. and with the gambler, if he will continue playing, for sure, he will be on the losing side. because we know, a lot of gamblers will only stop if he has no more bankroll to play. that means, all his funds are already inside the casino.

STT

legendary

Activity: 4088

Merit: 1452

Operations have to be paid for, its obviously not going to be a free of profits company for any gambling operation. I guess zero profit could be done short term but its true of most services, companies or products you buy; they must pay their people and for costs of the operation or they could not continue. That is always a reality of playing that good luck must be appreciated and always take something off the table to go home with you not be re-gambled I think is best policy.
Dont go in circles till you use it all up or yea its not profitable, mostly the games are for fun and thinking too much its profit is swimming against the tide.

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Quote from: o48o on January 29, 2023, 02:20:39 PM

Well math will be obviously slightly against you in long term betting in a long term, otherwise casinos wouldn't be profitable for their owners.
My way to gamble (if i play with slots) is to play few big bets and quit. I always decide the number beforehand. In other words, i am trusting my luck. And i know my luck is going to run out if i try some tactic where i try to outsmart the casino and play the long game.

So i either win or lose, i don't need to bother myself thinking if i would have lost or won the next bet when i have set my limit beforehand. I won't be chacing the jackpot. It will come to me if i am lucky enough.

A reasonable strategy both from the point of view of mathematics (the longer the distance, the advantage of the casino becomes greater as it accumulates) and from the point of view of psychology - it can be suggested that on a larger number of bets the probability of getting a gambling addiction is higher. I don't play slots, but if I did, I would do the same.

Topic: We lose on the long run through return percentage (Read 1167 times)