vijaypondini Posted October 8, 2019 #1 Posted October 8, 2019 I've been observing that the way casinos make profit is because people win more than they lose. And i always assumed that the loss amount would go over to eddie's balance and other co-owners. And then i realised even eddie can bet his balance, and even he can lose what he got.. where does those losses go to then? I know stake's main profit is through advertising, social media platforms, races etc. but if they get profit from people losing more, how will it work with eddie's balance lost? where will the BTC go? Hope you understood what i was trying to say..
Wildmonkeylv Posted October 8, 2019 #2 Posted October 8, 2019 Every gambling site has a house egde,and the longer you play you the closer to ther 49.5 % win chance you will get.
Xarv Posted October 8, 2019 #3 Posted October 8, 2019 Im not sure if I understood what you were talking about... But Casinos mainly makes profit off their customers losses. When Eddie loses his personal coins to Stake, it just goes to Stake... I dont see whats so complicated about that that you need to make a topic about...
zulfandina Posted October 8, 2019 #4 Posted October 8, 2019 I did not expect that. eddy or casino will never lose. in another sense the player will never surpass the house, even in any way. that's why house edge is set. and that proved fair. so .. if anyone thinks eddy will lose, then that's just his feeling. Everywhere casinos always excel, if there really is a casino that goes bankrupt, then it happens not because the casino loses to the players, but there are other things that cause it
jellyroll2018 Posted October 8, 2019 #5 Posted October 8, 2019 Yes house edge is the money the casino can bank on regardless of any winnings by patrons
nuuuitsjdragon Posted October 8, 2019 #6 Posted October 8, 2019 I’m assuming a good business plan would be to still set this amount aside under Stake’s operating funds as with everything that’s going on (gws, support/dev pay, referrals, website maintenance etc.), there is huge cost involved in running an establishment like Stake. Even if there is still surplus after all this, it technically should still be banked in the event of an emergency or used to offset any high-risk promo(s) or campaigns that they are running. Ideally, the amount gained from house edge will be a casino’s “profits”. The 2x daily races was a great idea to help generate more in this respect, as I’ve seen an increase in hiring and with more players participating the operation costs only get higher. The real gains for Stake comes from the high-rollers though, I trust that they are protecting these players very well and keeping them happy at all costs. After so many races... Stake is finally making profit? Only @Eddie knows!
play4win Posted October 8, 2019 #7 Posted October 8, 2019 Vijaypondini create a justified Topic . Dont just create a topic for the sake of creating One . Every one knows Casino's Run on losses which users make. And the House edge + etc , etc. If Eddie loose his btc it goes to his Own business. Whats the Big deal in It .
Saaho2019 Posted October 8, 2019 #8 Posted October 8, 2019 All the deposits users made goes to the wallets of casino. 7 hours ago, vijaypondini said: how will it work with eddie's balance lost? where will the BTC go? As eddie being co owner has also play like normal user if he does loose anything it goes back to stake's wallet .
Ali saher Posted October 8, 2019 #9 Posted October 8, 2019 Every casino make money from users and I don't think any casino profit going lose always casino make profit if some users make profit then so many people's lose there money so I don't think any casino lose casino always win . Stake always in profit
Aiza824 Posted October 8, 2019 #10 Posted October 8, 2019 [Read More: https://wizardofodds.com/gambling/betting-systems/ (do not get mislead with the actual URL descrpition)] The answer is simple. Since casino games cannot be beat in the long run, therefore, they would just keep on winning and thus, earning income indefinitely. The only way a casino could lose is if there would be someone playing on the it that would actually almost equal or surpass the total bankroll that they can risk for paying out its players.
SLFJ Posted October 8, 2019 #11 Posted October 8, 2019 His losses go back to him as he streams because it's not like if he loses then he gives it to other co's, because they share the profit eventually and Eddie is playing for the entertainment only.
jkd123 Posted October 8, 2019 #12 Posted October 8, 2019 Of course they make profit from house edge. Other than that when people busted I think it will gain their profit. 4 minutes ago, SLFJ said: His losses go back to him as he streams because it's not like if he loses then he gives it to other co's, because they share the profit eventually and Eddie is playing for the entertainment only. Stake is not only Eddie, there is staffs and other team who working like an employer. So they need to make profit to pay their employer.
sheenazbay Posted October 8, 2019 #13 Posted October 8, 2019 If Eddie loses, the stake wins, and Eddie can still withdraw all the balance in the stake, because he is the owner. like the owner of a casino, plays in his own casino and he loses, all the money is with the dealer, and he the casino owner can take his own money, because of course there is a financial section in each casino
Featured Comment
Archived
This topic is now archived and is closed to further replies.