Post
Topic
Board Gambling
Re: Evolution — report for Q3 (HOW THEY EARN THAT MUCH?)
by
so98nn
on 13/11/2023, 18:10:47 UTC
They don't really need to rig their games to profit as you know "house always wins". A lot of user funds are being liquidated into games at the same time. As they have commission for every game that exists, from about 5% to 20% or even more for slots?. As long as users stay active on the casino, they should theoritically always profit. Other than a few freak instances, for which, the casinos have failsafe(to an extent). If a user is winning a lot, most casinos will just shut doors to the user or even confiscate funds if they find anything even remotely fishy. Ofcourse, rigging games would help to profit much larger than what would be otherwise possible but if could get very obvious if the total amount gambled on the casino and their revenue are transparent to gaming commission.

This. I fully agree, you don't have play unfair to earn lots of money in gambling. Besides, they are one of the leading live gaming stream providers I guess. And yes, the house always wins that's pure math, so I can't see the way they can record losses.

I think they will show the losses based on how much users have won equally. I mean as we know there is House edge that is fixed for every game, and it’s never 100% because that would make every user lose on every bet they play. So anything that is not house edge is simply a loss for casino. However, on accounting sheet that’s gonna be just tiny matter calculated against revenu, expenses, salaries and anything that they could literally record on balance sheet. No wonder, they will all the time because that’s the script and math. What matters a lot is they have to manage that much funding in the casino wallet all the time. They can’t dilute everything at once so they have funds locked up always.