Quote from: Ziskinberg on November 23, 2024, 03:45:50 AM

Quote from: l3pox on November 22, 2024, 06:20:56 PM

so. how can we become the house?
do you always need lots of money to be the house?
seems like these are some of the questions we should be asking instead of "in which team should I bet next?" or "how much to deposit now after I lost all my money again?"

Not sure if I woudl say this, but If you have spent time gambling in casinos, you probably already know who “the house” is. But just to clarify^{(and assuming you’re not being sarcastic)}, the house refers to the casino. They have the house edge which means the odds are stacked in their favor mathematically over the long run. That’s why most gamblers lose in the end.

It doesn’t matter how much you deposit, you can’t just go all in chasing your losses because the house has limits on how much you can bet. It’s a system designed to keep them on top, no matter what.

I know who the house is and that the house always wins and all
what I'm asking is how we normal everyday folks can open an online casino and become the house ourselves
is it possible?
how much upfront capital would we need?
do we need to get VCs and formal investment?
do you think there's still space for growth in this market?