Post
Topic
Board Gambling discussion
Re: Who's winning more casinos or gamblers?
by
Slow death
on 23/02/2024, 19:05:14 UTC
Definitely the casinos because if they're not winning then casinos would've been a thing of the past plus most people that get into casino business are devious people that wouldn't blink or shed a single tear even if someone were to bet their whole life savings to a bet that they thought is going to bring them the win that they've been looking for in awhile now. Maybe on an individual level, we can say that gamblers are winning more but in terms of profitability in gambling, I'd say that the billions of dollars that the casino owners is enough to settle the debate on which side always wins, there's a saying that the house might never win always but it will almost always wins eventually.
For me, I will say both the casino and the gambler because if both of them are not making money that is why casinos are still available and gamblers are also gambling they are both benefiting from each other and it is good that way because aside gamblers benefiting from casinos, the society is benefiting because they are paying tax to the government and the money is used to establish something that will benefit the society, but people are always fond of misusing everything that is the same thing that is happening with gambling, they misuse it in the sense that they want to make money from it at the expense of losing everything and they don't even care, all they want is they want to make money from gambling. casinos are making money too in reality and at the same time people are winning and people are always losing and people that are losing are more than people that are winning, so to me, everyone is still benefiting my problem is that are addicts.

It is known by most people that in games of gambling people coming out with a profit are low, if we put 1000 people playing for 10 years, after 10 years we ask how many people came out with a profit, and when I talk about coming out with a profit I mean I mean the person makes calculations of how much money they deposited in the casino during the 10 years, how much money they lost during the 10 years and how much money they won during the 10 years, so when the person looks at the money they won minus the money they lost they will see if they are with profit or loss. but it is a fact that of those 1000 people only less than 20 people would make a profit after 10 years of playing, few people truly understand that in gambling they will hardly be able to make any profit

Now if we set up 1000 casinos and operate them for 10 years and after 10 years we ask the owners of the 1000 casinos how much loss they made and how much profit they made, the answer will be that more than 900 casinos made profits, so we make a comparison of 1000 people playing for 10 years and only 20 made a profit compared to 1000 casinos that operated for 10 years and more than 900 casinos made a profit. We can easily see which party is really making a profit, the casinos, the betting houses are the ones that make the most profits in the market. gambling, while players are losing, even with losses they will continue playing because they have hope that one day they will be able to win a lot of money