where the losed money goes? - page 3.

348Judah

hero member

Activity: 714

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Quote from: cafter on March 07, 2023, 10:30:37 AM

where all money goes, in casino's pocket or where ,

Have you ever thought about where the money you received comes from whenever you gambles, the same answer you get when it comes where the money goes when you bursted everything up in a casino gambling, there's nothing too hard about knowing how each casinos make a run of their gambling site, they you gambles through them and they help you olace the bet, if you win they give you the money and if you loose your stake is gone, where it goes is non of your business as much as you don't care about where it comes from when you win.

arwin100

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Jack of all trades 💯

Quote from: cafter on March 07, 2023, 10:30:37 AM

my question is ,
when we play gambling online in casino , we always bust our account , many new comers completely blow their account every time they deposit ,
the gambling site owner's earn money by the commission which it takes 1% or less on every bet made by user , when blowing accounts where all money goes, in casino's pocket or where ,
and the question that the losed money will go to other player's pocket who wins big but the winning players are very less,
i think many are losing in gambling and the casino sites are hugely profiting from us ,
do you think that is the case .

Money still goes to the owner or either to the casino as other people said, this is normal happening when you bust your account and not surprising at all. Many lose because of their own decision to take more risk trying to earn more money even if they are accumulating profits already. Also casino's is business so don't get surprised about this situation since this is normal, but if you can't afford to lost or get busted much better not to gamble especially if the amount you have is your hard earn money since you might complicate your situation if you lose all of it.

YOSHIE

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Quote from: cafter on March 07, 2023, 10:30:37 AM

the gambling site owner's earn money by the commission which it takes 1% or less on every bet made by user , when blowing accounts where all money goes, in casino's pocket or where ,

As far as I know, if you have registered on an online gambling site and made a deposit and made a gambling bet there, you are already classified and included in the quote below.

Quote

Any money in your account would be classed as part of the company. You would lose any money in your account.

Means: the gambling company has access to your account, as well as the balance you have, yes they will take your funds, if this happens it a 'Blocking' from the online casino.

Different from other cases, for example: the customer/user chooses not to visit the casino again, in other words, the user deletes or deactivates his own account, in such cases the balance remains/frozen, the casino does not take it, if at any time the user accesses the account the balance is still there.

Conclusion: your question regarding the funds in the user's account, depending on the case faced by the user himself, Blocking & deactivating different options.

ralle14

legendary

Activity: 3206

Merit: 1885

Metawin.com

That is just the reality with casinos and even then those winning players that we see posted by casinos could be losing players as well because these big wins aren't enough proof to say they're in profit.

Also, I agree with swogerino the house edge you mentioned is now higher as most casinos have been offering games with higher house edge but it doesn't bother the players so they're probably making a lot more than what we expect. In the end, most gamblers lose even high rollers that's why we see gamblers usually say they play for fun and mainly go for the enjoyment of the game.

Oshosondy

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...gambling responsibly. Do not be addicted.

Quote from: cafter on March 07, 2023, 10:30:37 AM

and the question that the losed money will go to other player's pocket who wins big but the winning players are very less,
i think many are losing in gambling and the casino sites are hugely profiting from us ,

It is as simple as if you win, gambling site will take the money from those that lost, and if you lose, the gambling site will take the money that you lost and use it to pay those that won. But the truth is that most gamblers lose than win, because of that, gambling site pocket the remaining and grow bigger and have enough to pay if anyone win big later in the future.

mindrust

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Quote from: cafter on March 07, 2023, 10:30:37 AM

my question is ,
when we play gambling online in casino , we always bust our account , many new comers completely blow their account every time they deposit ,
the gambling site owner's earn money by the commission which it takes 1% or less on every bet made by user , when blowing accounts where all money goes, in casino's pocket or where ,
and the question that the losed money will go to other player's pocket who wins big but the winning players are very less,
...

It goes to coke & blow. Sometimes lambos and weed too. Since you don't know how to have fun with your money, you donated yours to the casino owner and he is going to spend it like a king.

Quote from: cafter on March 07, 2023, 10:30:37 AM

...
i think many are losing in gambling and the casino sites are hugely profiting from us ,
do you think that is the case .

Of course they make huge profits. That's why they are in this business. You didn't think they do this for charity right?

If you are not OK with this fact, you can always choose not to play.

If you think they are making a killing and that's not fair, then you can create your own casino and do the same thing.

Mauser

hero member

Activity: 1694

Merit: 516

Quote from: cafter on March 07, 2023, 10:30:37 AM

my question is ,
when we play gambling online in casino , we always bust our account , many new comers completely blow their account every time they deposit ,
the gambling site owner's earn money by the commission which it takes 1% or less on every bet made by user , when blowing accounts where all money goes, in casino's pocket or where ,
and the question that the losed money will go to other player's pocket who wins big but the winning players are very less,
i think many are losing in gambling and the casino sites are hugely profiting from us ,
do you think that is the case .

Not everybody in gambling is losing, there are also gamblers who make decent profit. And the profit they receive is the money someone else loses. Sure the casino is earning their share, but they are also the one that have to pay taxes, keep the site running and hire support staff. If the casino would give back all the profits to the customer than they would go bankrupt. It takes people to lose money for winners to pay out their winnings. Lottery is the best example, 99% of the people are losing so that a lucky few get rich.

Yogee

sr. member

Activity: 1526

Merit: 412

Isn't it supposed to be added to the casino's bankroll? If you're asking for a more specific recipient other than the winning players then maybe to the owners when they decide to withdraw money to their own pockets. You could also add the Government to the list since they will have to pay taxes too hehe. How about the employees or the hired contractors they have to pay to keep the platform running smoothly?

swogerino

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Quote from: cafter on March 07, 2023, 10:30:37 AM

my question is ,
when we play gambling online in casino , we always bust our account , many new comers completely blow their account every time they deposit ,
the gambling site owner's earn money by the commission which it takes 1% or less on every bet made by user , when blowing accounts where all money goes, in casino's pocket or where ,
and the question that the losed money will go to other player's pocket who wins big but the winning players are very less,
i think many are losing in gambling and the casino sites are hugely profiting from us ,
do you think that is the case .

Of course this is the case,the casinos make big profit thanks to what is called the house edge which is a percentage the casino house gets no matter if people win or lose money,this is from 3 to 5% most of the cases.We all know this,the problem is that the people playing,all of us who play at the casino are trying to be one of those very few persons who hit it big.I personally have hit a couple of times wins of over x3000 my bet in slot machines so sometimes in my gambling "career" I have hit it big although most of the times I like most of the people have lost money.

So keep playing only with money you can afford to lose and enjoy the rewards if you happen to hit it big.

cafter

full member

Activity: 448

Merit: 222

my question is ,
when we play gambling online in casino , we always bust our account , many new comers completely blow their account every time they deposit ,
the gambling site owner's earn money by the commission which it takes 1% or less on every bet made by user , when blowing accounts where all money goes, in casino's pocket or where ,
and the question that the losed money will go to other player's pocket who wins big but the winning players are very less,
i think many are losing in gambling and the casino sites are hugely profiting from us ,
do you think that is the case .

Topic: where the losed money goes? - page 3. (Read 300 times)