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Yes and that’s what everyone needs to understand. Betting sites won’t want to lose big money to gamers but they know there are fair chances that they will, they use the winners to boost their marketing. A gambling site with large payout can help high staking gamblers to trust them.
Gambling business are one of the smartest ventures today. They know how they do their adverts well and make it very simple and pass a very big message to how they can be patronised more. This adverts on large payout wins to their customers has been an edge for many gambling businesses, it shows that they’re well to do to make payout of big wins from the casino when a gambler wins. Due to limitation of withdrawal some casinos has on big wins, this attract bigger gamblers to want to use those casinos, and they earn from them more when they wager big money. They rush here to get more acquainted to probably winning a jackpot sooner and cashing out big without having any problems on withdrawal.
You've got it completely back to front. It isnt one of the "smartest" ventures. Most in the industry are in it because someone close to them, typically family, is in the business. There was a thread where a real casino ceo/owner/high up (cant remember) outlined this exact thing. It is incredibly hard to compete. It doesnt take a genius to understand why. You are up against companies that, for all intents and purposes, have infinite cash. Unless you do too, your vip system wont be as good or even exist, your bonuses, rakeback, competitions, level system etc etc etc will be nothing in comparison to what a big fat whale of a casino such as stake can offer. Yeesh, do think before you speak.