Post
Topic
Board Gambling discussion
Re: Can Casinos Go Bankrupt Because of Player Wins?
by
ethereumhunter
on 12/08/2023, 08:36:24 UTC
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?
I think a casino that has been around for a long time surely they won't go bankrupt if the players win a really big one because they have a big enough budget to sustain their business to pay for it. As you know, big gambling sites are unlikely to go bankrupt if slot players win jackpots in the games they play.

Apart from that, I don't think there is a specific algorithm if the casino is already big to manipulate the players' wins because they have thousands of slot players every day. So that the money circulation in their casino is big enough to pay the players if they hit the jackpot or big multiplier.
Big casinos already have good financial management, so if a player wins a big win, it doesn't affect the casino. The casino may make an even bigger promotion so that more and more gamblers come to the casino to gamble. With so many gamblers coming to the casino every day and so many losing gamblers, the casino's income must be very large so that the casino can continue to run its business well. And the big casino will also not deceive slot players or other gambling game players because that can damage its reputation and players will leave the casino so that it will have an impact on casino income. That might bankrupt the casino because many gamblers will leave the casino because they are disappointed with the service provided by the casino to them.