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.
Nah, all the money that lose in a bet is already a casino property regardless of the source. You can’t say that your money is bank property because they are the one who print and just distribute it to other people while they collect back all the fiat when you deposit again in the bank.
This is same principle on the casino money. They are paying using their money with their bankroll while those losing bets will add on their bankroll therefore it’s already casino property. Having a logic that casino is just using other players money to pay others is not right because they have their own bankroll being risk on every players bet. Just like players, casino is risking on every players bet so they deserve to own those losing bets.