Post
Topic
Board Gambling discussion
Re: Gambling can be profitable in the long run! It is possible!
by
koshgel
on 26/01/2016, 01:38:33 UTC
No, I`m not stupid. The casino is not made to make money, in the sense as making money for their clients.

The casino is only a service provider, they provide a gaming experience for their clients.

There is a difference between gaming service provider and a gambling site. A gaming service provider is something like netent and softswiss , they only provide games to play without providing any service for you to gamble. Casino exist to make money and that is the truth which you cant denied. They are afterall just a business like any others

No not video games. "Game" is a complex word and it means many things.

When we talk about the gaming industry, it usually means the gambling one, because every casino game is a game after all. But instead using virtual currency, it uses real currency.


A casino is not made to make money, because then it wont go the lengths of providing so much services. If it were only make do make money then they would choose the easiest way.


For example a lottery: odds for winning ~0%, while they get good income. An average casino offers you a 99.5% change of letting you win (on the spot), of course being a net winner is a different story.


So if it were only for money then the house edge won't be as low as 0.5% in some cases, it would be >99% (like with lottery).

So I`m still stating that casinos are not entirely built to make money.

Casinos are a business and businesses are built to be profitable. If the Casino is losing money overall, it won't be open for long. So yes, Casinos are built to make money. People can win and be profitable but there are way more losers.