Quote from: SeriouslyGiveaway on Today at 06:10:33 AM

Quote from: ARTOIS on February 22, 2024, 05:50:53 PM

So the casino remains the biggest beneficiary, right?

Even though there are always winners and losers, the casino is always the one who makes the most money. Simply because all games are designed to give the casino an advantage, ensuring that the winners will only win a small portion of the total amount from the losers.

Although players can win big in one play, the truth is that the casino's payout rate is often less than the actual rate of the bets. For example, a slot machine may have a payout rate of only 70-80%, meaning that in the long run, the casino will keep 20-30% of the total bet.

In short, even though there are players who win big, the casino still makes the most money thanks to the profit margin and unfair odds, so even if the number of winners is equal or higher than the number of losers, they still get benefit. However, in reality, the number of winners is always only a very small number compared to the number of losers, so the casino's profits are huge.

However it is true that casinos get higher profits compared to gamblers, we can see in gambling threads only a few people get jackpot profits compared to thousands of gamblers have lost money in casinos, so any comparison will not make casinos lose even though a higher number of gamblers get profits due to the fact that the ratio losing is higher than winning at casinos, so many entrepreneurs have opened new casinos because they have seen the opportunity for very high profits in online casino companies.