What if you have a casino? | Bitcointalksearch.org

DubemIfedigbo001

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Quote from: Akbarkoe on June 14, 2024, 04:36:13 PM

If you were the owner of the casino, what would you think when people like that gamble at your place?

The owner of a casino would think what a businessman thinks when he gets patronage. He's glad an be wishes for more. This is the same feeling I would have when I'm seeing gamblers patronizing my casino because it's not easy and these guys chose mine out of the numerous available casinos online.

Although I'm going to try to advise them through popups and ads on the site to occasionally uphold. Responsible gambling, but let's be honest, the bigger the patronage, the more successful the casino

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Quote from: Akbarkoe on June 14, 2024, 04:36:13 PM

A little guessing the thoughts of casino owners and gambling dealers when they see gamblers playing in their casinos, what might come to mind?

The name of the business is opening a casino definitely wants to make a profit, while people who come to the casino to seek profit too, although not all, but focus on one object of people seeking profit.
If you were the owner of the casino, what would you think when people like that gamble at your place?

No one walks into the casino with the intention of losing. As a casino owner, I have to bear in mind that I am also competing with my customers (the gamblers) for thesame money. On that note, it is my responsibility to ensure that my business is profitable, ofourse the house always has an edge over the players and it is my duty to make that happen.

Casinos have a way of manipulating the minds of gamblers inorder to make them keep gambling. You see gamblers trooping into a casino or sticking to a gambling site because of some bonuses and other benefits the casino offers, that's a strategy the casino is using to keep the gamblers motivated to gamble and still come back for more.

Casino operators are business men, therefore it is expected that they put in the right strategies to maximise profits.

khiholangkang

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Quote from: mirakal on July 10, 2024, 09:03:12 AM

Quote from: HONDACD125 on July 10, 2024, 07:36:34 AM

Quote from: khiholangkang on July 03, 2024, 07:51:06 AM

some people have told me that someone's victory in online casinos is determined by the casino owner, which is unknown to the gamblers and the gamblers just think that it is luck, this is interesting to discuss. Grin

I don't believe in these things. I know that some casinos may manipulate the results but those are scams and unreputable platforms and this is the reason why it is usually not recommended for gamblers to use new and unreputable casinos, especially if they plan to make large deposits.

Trust is very important and we choose casinos based on their performance and reviews. And we believe that choosing old and reputable casinos is safe. That is why it is a big challenge for new gambling businesses to gain trust and a number of users because of that thinking and I think we change and should also welcome them unless they are bold scams.

That is true but we also have to be aware that maybe some of the wins are manipulated by the casino itself? so I know that my friend has an online casino that he himself can control the luck of the players, there is no pattern in the game and it is only controlled by the casino owner himself, and I also happen to have a brother who works at the casino, yes even though I know the casino is not licensed, but yes basically it can be controlled.

Yes maybe reputation is a reason why we should choose the best casino, but the big question for me now is how do they treat their customers fairly? And how do we know that the casino is fair to us?

Z_MBFM

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Quote from: Akbarkoe on June 14, 2024, 04:36:13 PM

A little guessing the thoughts of casino owners and gambling dealers when they see gamblers playing in their casinos, what might come to mind?

The name of the business is opening a casino definitely wants to make a profit, while people who come to the casino to seek profit too, although not all, but focus on one object of people seeking profit.
If you were the owner of the casino, what would you think when people like that gamble at your place?

Running a casino site is a business so if I own a casino site I always want to make a profit from it. Gamblers also want to profit so in that case they win if their luck is good and lose if their luck is bad. However, casino site owners profit in different ways. If I am the owner of a casino site and if someone gambles there I will give the highest card support because they will be my customer but as a normal person I will always advise everyone to stay away from gambling as much as possible. Because gambling is a kind of death trap. It will only look greedy but no one can come back with anything good from here.

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Quote from: Akbarkoe on June 14, 2024, 04:36:13 PM

A little guessing the thoughts of casino owners and gambling dealers when they see gamblers playing in their casinos, what might come to mind?

The name of the business is opening a casino definitely wants to make a profit, while people who come to the casino to seek profit too, although not all, but focus on one object of people seeking profit.
If you were the owner of the casino, what would you think when people like that gamble at your place?

People like what? I don't understand. Generally, if you open a casino, your prayer is for it to boom and for it to achieve that, you need patronage. So, why feel somehow when the patronage is coming? If a new customer opens at your casino today, such a customer is still neutral to you because you've not met him or his gambling skills, it is not until such a gambler starts playing that you will know how good or bad he is. And no matter how good the gambler is, the house will always win, the algorithms have been made sure to take care of that, so why the unnecessary though?

I don't think I've ever seen a confident establishment for money-making other than casinos, and once you have the money for the marketing and give people what they want like bonuses, customers will flood you so much. I only wish that all casinos could be fair in the conduct of their operations, they've already have the advantage, so why are some of them still cheating their customers?

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Quote from: Akbarkoe on June 14, 2024, 04:36:13 PM

A little guessing the thoughts of casino owners and gambling dealers when they see gamblers playing in their casinos, what might come to mind?

The name of the business is opening a casino definitely wants to make a profit, while people who come to the casino to seek profit too, although not all, but focus on one object of people seeking profit.
If you were the owner of the casino, what would you think when people like that gamble at your place?

I think one thing comes to mind. It’s very good that people visit my casino. After all, as we know, it is not possible to win at a casino unless you use fraudulent schemes or something similar, so the more people the better. Although in this case, quantity does not always mean more money. After all, one person can leave as much money in the casino as a hundred other people leave.

Cryptoprincess101

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Quote from: ultrloa on June 27, 2024, 05:18:36 AM

If I am the casino owner for sure that I will not think about the profit I can get in early days of launching my casino. For sure all of the profits generated will surely goes to giveaways and promotions also including marketing on multiple big sites since this contribute for a huge success of the casino.

Most casino owners doesn't even know that this is the best way their casino company can gain recognition because people are always interested in anything giveaway and it also attracts other people to join and doing promotions through advertising your casino are strategies a casino owner can use in attracting more gamblers. The problem with a lot of casino owners is greed like they just want to establish their casino company and starts making profits immediately but another thing that makes a casino become popular is if people are winning because when the news goes viral that people wins in your casino company they will also want to have a taste and another thing is jackpot, you can set your casino for gamblers to get jackpots even if the amount is not much but it brings more gamblers to you because they will feel that they can also be lucky to win a jackpot.
Any casino owner who wants to experience success should consider the things you just said because at the start you don't need to think about the profit yet but ways to attract gamblers attention which includes the giveaway you said and promoting the casino company on different sites that has traffic due to large numbers of people making use of those sites.

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The most important thing I would think about is that players need to be kept near my casino as long as possible and not released to competitors. After all, players have a huge choice and who they go to play with depends on various little things. Starting from advertising and ending with bonuses and various promotions. I would also think about the fact that the player did not leave my casino sad even if he lost a large amount of money, because it is important that he comes back again. Here we can come up with a lot of things and it all depends on our imagination.

In addition to thinking about profits and players, I would take care of the purity of the business, and would never allow players under 18 years of age and would not allow conflicts within my establishment.

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Quote from: HONDACD125 on July 10, 2024, 07:36:34 AM

Quote from: khiholangkang on July 03, 2024, 07:51:06 AM

some people have told me that someone's victory in online casinos is determined by the casino owner, which is unknown to the gamblers and the gamblers just think that it is luck, this is interesting to discuss. Grin

I don't believe in these things. I know that some casinos may manipulate the results but those are scams and unreputable platforms and this is the reason why it is usually not recommended for gamblers to use new and unreputable casinos, especially if they plan to make large deposits.

Trust is very important and we choose casinos based on their performance and reviews. And we believe that choosing old and reputable casinos is safe. That is why it is a big challenge for new gambling businesses to gain trust and a number of users because of that thinking and I think we change and should also welcome them unless they are bold scams.

Quote

When a gambler knows that they are high-rollers and they usually deposit and withdraw large amounts of money, they should make sure they find and use reputable platforms so that the results of their bets aren't manipulated. Everything is done fairly, the platform should be provably fair as we have most casinos in the industry nowadays.

If you choose a new platform, there is a chance that it may be cheating you or changing the results and you wouldn't even know it if it doesn't have a provably fair system.

The sad thing is that most of us are too suspicious of new sites and most of the time if there is such an event (huge withdrawals) we then think this is a scam site. This is how our doubtful minds manipulate our decision-making and instead of giving them a chance to improve and show their good intention, we are killing them instantly. Because of this, every loss we have can lead to judging them that they are cheating us.

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Quote from: khiholangkang on July 03, 2024, 07:51:06 AM

some people have told me that someone's victory in online casinos is determined by the casino owner, which is unknown to the gamblers and the gamblers just think that it is luck, this is interesting to discuss. Grin

I don't believe in these things. I know that some casinos may manipulate the results but those are scams and unreputable platforms and this is the reason why it is usually not recommended for gamblers to use new and unreputable casinos, especially if they plan to make large deposits.

When a gambler knows that they are high-rollers and they usually deposit and withdraw large amounts of money, they should make sure they find and use reputable platforms so that the results of their bets aren't manipulated. Everything is done fairly, the platform should be provably fair as we have most casinos in the industry nowadays.

If you choose a new platform, there is a chance that it may be cheating you or changing the results and you wouldn't even know it if it doesn't have a provably fair system.

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Revenue is the only simple rule that determines the profit vs costs. IF revenue is too low then the standing costs will be a greater percentage of the revenue and so there will less or nothing to pay out past those unavoidable costs.

The biggest point about online operations is they scale so well, the costs do not tend to rise when you have more people. To some extent this keeps on being true with growth and a normal setup has a far more linear parallel in costs when they have growth as a real bricks and mortar establishment.

So the simple conclusion is to get as much revenue through the door as possible to do well, big or small. Small amounts from many people is just as valid if not better then the high rollers, repeat custom probably is a big deal as alot of deals of offers are about that regular use.

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Quote from: traderethereum on June 28, 2024, 02:32:33 AM

That is the goal from the casino owners to make a profit from the casino they have. They will do many ways to make sure they can gets money from their business.
They knows that many people curious with gambling so they gives a place to those people and serves them well. The casino owner will still attract those people to keeps coming back to their place while they will gives more promotion to make sure many gamblers trying to gets it.
Every casinos must compete with the other to have good reputation and that will not easy because casino must use different method to invites more gamblers to their place. If they can attract many people, they will see the money comes to them and that will becomes bigger than they expect.

It would be interesting to know statistics about who the casino owners earn more from: from experienced gamblers who cannot stop and play over and over again, or from the flow of newcomers who come, play and then leave. I think it's the first option. Since beginners are unlikely to place large bets, and addicted players bet both their apartments and their cars. It’s a pity that casino owners pay so little attention to helping such people.

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Quote from: khiholangkang on July 03, 2024, 07:51:06 AM

Quote from: Betwrong on July 03, 2024, 06:27:11 AM

~

I don't really understand how to benefit from the way online casinos perform, especially in that presentation, where do they the casino owners take their profits from?

They are taking their profits from the house edge, as I said. If a million USD was wagered on a gambling platform during a particular day, this platform, even if it's just dice with 1 % house edge, will be getting profits of around $10k during that day. If it's a poker site with 5% house edge, the profits will be close to $50k consequently. But running a poker will cost you much more than running dice, of course.

Quote from: khiholangkang on July 03, 2024, 07:51:06 AM

and whether when someone loses their gambling, then automatically other gamblers will get the winnings, or is it manually given by the system holder, because some people have told me that someone's victory in online casinos is determined by the casino owner, which is unknown to the gamblers and the gamblers just think that it is luck, this is interesting to discuss. Grin

No. If it's an honest casino, like the one you are working for, Duelbits, for example, this is never the case. Someone's victory is determined solely by luck.

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Quote from: Betwrong on July 03, 2024, 06:27:11 AM

Quote from: khiholangkang on June 25, 2024, 08:26:13 AM

Quote from: Betwrong on June 25, 2024, 07:11:53 AM

Back to the topic, I would be really happy that people are having fun at my place. I would like them to play more at my place, but not lose more, just play, because I know that my profit is more related to the amount wagered at my place than to the amount that was lost.

But isn't it that if our customers lose more money in our gambling it will bring us much greater profits, and of course it will be very happy.
~

No. Basically, it works like this: some people lose big amounts, at the same time others win. If you have many players on your platform, you won't even notice that someone just lost a big amount of money, because someone else will win it right away. What you, as a casino owner, are making your money from is the house edge, a tiny percentage of those money wagered on your platform. So, you are interested in large amounts being wagered in your casino much more than in large amounts were lost. It's a very simplified version of what's actually going on in online casinos, but what I wanted to say is that casinos, contrary to popular belief, are not interested in your losing all your money to them. They don't give a f**k.

It is a sure thing that casinos do not give a f*ck about not only a single individual losing money but to all their players base.They are happy as long as their bankroll is increasing and that of players overall in general is decreasing.I want to point out something different overlooked by many persons including you it appears and that is the tiny percentage of house edge is tiny only in theory as in practice the game providers are letting casinos change their RTP which affect the house edge also to be a huge one and not tiny anymore.I see this as the only explanation to increased dramatic lost amounts during the last 2 years in almost all casinos for players.

khiholangkang

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Quote from: Betwrong on July 03, 2024, 06:27:11 AM

Quote from: khiholangkang on June 25, 2024, 08:26:13 AM

Quote from: Betwrong on June 25, 2024, 07:11:53 AM

Back to the topic, I would be really happy that people are having fun at my place. I would like them to play more at my place, but not lose more, just play, because I know that my profit is more related to the amount wagered at my place than to the amount that was lost.

But isn't it that if our customers lose more money in our gambling it will bring us much greater profits, and of course it will be very happy.
~

No. Basically, it works like this: some people lose big amounts, at the same time others win. If you have many players on your platform, you won't even notice that someone just lost a big amount of money, because someone else will win it right away. What you, as a casino owner, are making your money from is the house edge, a tiny percentage of those money wagered on your platform. So, you are interested in large amounts being wagered in your casino much more than in large amounts were lost. It's a very simplified version of what's actually going on in online casinos, but what I wanted to say is that casinos, contrary to popular belief, are not interested in your losing all your money to them. They don't give a f**k.

I don't really understand how to benefit from the way online casinos perform, especially in that presentation, where do they the casino owners take their profits from? and whether when someone loses their gambling, then automatically other gamblers will get the winnings, or is it manually given by the system holder, because some people have told me that someone's victory in online casinos is determined by the casino owner, which is unknown to the gamblers and the gamblers just think that it is luck, this is interesting to discuss. Grin

Betwrong

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Quote from: khiholangkang on June 25, 2024, 08:26:13 AM

Quote from: Betwrong on June 25, 2024, 07:11:53 AM

Back to the topic, I would be really happy that people are having fun at my place. I would like them to play more at my place, but not lose more, just play, because I know that my profit is more related to the amount wagered at my place than to the amount that was lost.

But isn't it that if our customers lose more money in our gambling it will bring us much greater profits, and of course it will be very happy.
~

No. Basically, it works like this: some people lose big amounts, at the same time others win. If you have many players on your platform, you won't even notice that someone just lost a big amount of money, because someone else will win it right away. What you, as a casino owner, are making your money from is the house edge, a tiny percentage of those money wagered on your platform. So, you are interested in large amounts being wagered in your casino much more than in large amounts were lost. It's a very simplified version of what's actually going on in online casinos, but what I wanted to say is that casinos, contrary to popular belief, are not interested in your losing all your money to them. They don't give a f**k.

nullama

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Quote from: Zigabel on June 28, 2024, 11:57:33 AM

~snip~
Making profit is the basic and primary target of everyone which includes that of the casino owner and the gamblers and so it just pool of luck of which the casino owner is always at an advantage because they have always got the house advantage which the gamblers will have at some point in time. in as much a everyone at the casino is looking to making profit, only a few and in most cases the casino owner will make the most of profit than others who includes the gamblers in the casino. not minding how much we are making at once from the casino, we should always know of the fact that the casino have always got that advantage which we can never be able to beat often except in a few chances.

I do think that there's a few gamblers that simply enjoy the whole thing as a form of entertainment.

Sure, in the back of their minds they want to win all the money, that's the hook, but they usually end up their gambling night with a smile, even if they don't win.

I guess that's the right approach since losing is the most probable outcome.

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Quote from: Akbarkoe on June 14, 2024, 04:36:13 PM

A little guessing the thoughts of casino owners and gambling dealers when they see gamblers playing in their casinos, what might come to mind?

The name of the business is opening a casino definitely wants to make a profit, while people who come to the casino to seek profit too, although not all, but focus on one object of people seeking profit.
If you were the owner of the casino, what would you think when people like that gamble at your place?

Making profit is the basic and primary target of everyone which includes that of the casino owner and the gamblers and so it just pool of luck of which the casino owner is always at an advantage because they have always got the house advantage which the gamblers will have at some point in time. in as much a everyone at the casino is looking to making profit, only a few and in most cases the casino owner will make the most of profit than others who includes the gamblers in the casino. not minding how much we are making at once from the casino, we should always know of the fact that the casino have always got that advantage which we can never be able to beat often except in a few chances.

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Quote from: Jody.Drummer on June 27, 2024, 10:42:22 AM

Quote from: traderethereum on June 27, 2024, 09:58:35 AM

I wants to make money from my casino. That is what other casino owners wants so that is normal if we wants to achieve that.
We will use many ways to make sure that we can makes money from our casino and will promotes our casino to have many gamblers visits our casino. Although that will not easy in the beginning because our casino must competes with the existing casinos.
But with good promotion and services to our customer, I will makes money from the lose gamblers. That will be a matter of time for me to makes a lot of money from my casino.

Of course it is not a desire but indeed from the beginning it has been the goal of all casinos or everything that is engaged in business, after all, basically casinos are businesses engaged in gambling by utilizing the idea of "winning opportunities" as something that will deceive gamblers to continue gambling blindly, except for some gamblers who already know that in gambling the advantage is entirely on the house which means they will not be careless in making every decision, or the point is that they will not want to take various excessive actions because they know it will only make the casino richer.

On the other hand, I think all casinos must apply an algorithm that is not much different in every game provided, or simply put, the percentage of wins for gamblers must be smaller than losses, because it is from losses that casinos make profits. Another thing is that of course now more and more new casinos are popping up in the sense that of course the competition will be tighter, so if we do have a casino then obviously the main thing that must be prioritized is in terms of service and promotion, making sure that gamblers do not experience any problems outside of winning and losing.

That is the goal from the casino owners to make a profit from the casino they have. They will do many ways to make sure they can gets money from their business.
They knows that many people curious with gambling so they gives a place to those people and serves them well. The casino owner will still attract those people to keeps coming back to their place while they will gives more promotion to make sure many gamblers trying to gets it.
Every casinos must compete with the other to have good reputation and that will not easy because casino must use different method to invites more gamblers to their place. If they can attract many people, they will see the money comes to them and that will becomes bigger than they expect.

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Quote from: traderethereum on June 27, 2024, 09:58:35 AM

I wants to make money from my casino. That is what other casino owners wants so that is normal if we wants to achieve that.
We will use many ways to make sure that we can makes money from our casino and will promotes our casino to have many gamblers visits our casino. Although that will not easy in the beginning because our casino must competes with the existing casinos.
But with good promotion and services to our customer, I will makes money from the lose gamblers. That will be a matter of time for me to makes a lot of money from my casino.

Of course it is not a desire but indeed from the beginning it has been the goal of all casinos or everything that is engaged in business, after all, basically casinos are businesses engaged in gambling by utilizing the idea of "winning opportunities" as something that will deceive gamblers to continue gambling blindly, except for some gamblers who already know that in gambling the advantage is entirely on the house which means they will not be careless in making every decision, or the point is that they will not want to take various excessive actions because they know it will only make the casino richer.

On the other hand, I think all casinos must apply an algorithm that is not much different in every game provided, or simply put, the percentage of wins for gamblers must be smaller than losses, because it is from losses that casinos make profits. Another thing is that of course now more and more new casinos are popping up in the sense that of course the competition will be tighter, so if we do have a casino then obviously the main thing that must be prioritized is in terms of service and promotion, making sure that gamblers do not experience any problems outside of winning and losing.

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