Is it possible for a casino to go bankrupt because a player gets a very big win?
I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
While it is unlikely for a well established casino to go bankrupt due to a single player's big win, casinos do have measures in place to mitigate excessive losses. To safeguard their financial stability, casinos often set maximum win limits for individual players or implement payout algorithms that ensure the house maintains an edge over time. These measures help balance the risks involved in running a casino business. Casinos also operate on the principle of statistical probabilities, meaning that while individual players may experience big wins, the overall system remains profitable for the house. Successful players may be subject to closer scrutiny, including restrictions or limits on their play, but the aim is to maintain fairness and profitability rather than preventing them from winning altogether.