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?
Uhmm I think it's not possible, not even for a newly opened casino because the chances are very low and even if happens it won't take when long before they recover their lose, I mean we all know that gambling has more loss than profit and the casino always stand a better chance of winning compared to the gamblers, you don't expect a casino site to start their business at let say about 100million in any local currency where it located at keep their maximum payout at same amount no, the maximum payout would be let's say about 20million or 50 then their would also be reserve incase they suffer losses.
Anyways why I think it wouldn't take long for an online casino that go bankrupt is because most casinos have got insurance and could file for bankruptcy, however it's very rare and not common with casinos because they stand a better chance of winning compared to their customers, it gambling 100% winning is not guaranteed, no matter your strategies or how skillful you're, In gambling majority loss mostly and win sometimes making it more profitable for the gambling sites