Every day, thousands of dollars enter or leave the treasury of casinos, and we always hear about a gambler who wins or loses a large sum of money.
The thing that caught my attention is that the casino never loses. The money that you win is not the property of the casino, but of another player. The casino is in the process of recycling the money that the players have invested. There is always a winner and a loser, and when you bet with an amount of money, you bet against the money of all the other players. If you win, they will pay you from their money, and if someone else wins, they will pay himBTCBTC from your money.
So the casino remains the biggest beneficiary, right?
Yes what you said is completely true because casino companies never give their own money to others they may give someone else's money to a loser who wins. We may never consider this thing and when we do, we don't think like you. Casino companies are running their casino platform with your money and in this case the casino company has a lot of profit. If you consider that, I will be very impressed with you. However we use gambling as entertainment, we don't think too deeply about it.
Casinos may only in the beginning stage of running the business use a part of their own money in paying winnings from players as i believe by then they must not have gotten that large number of users at that very beginning but to when they have gained reputation and saturated the market and gotten a large users thats when they have no penny of theirs in any payment to a winner as the money for the payment are all accumulated losses of other unlucky gamblers.
Casinos has every instruments and resources they need in the industry to make them stay profitable in the market and all these hedge they possess is what a common gambler doesn't, not even a 5% of it out of a 100%, that's the reason we as gamblers shouldn't bother trying to beat them at their own game. Just enjoy the fun, be entertained and hope for a bright luck to be on the winning side more often than not.