The Reasons Why Casinos Can Survive Long-Term

Jafar224

Many players are constantly exploring the essence of gambling and have also discussed many insights, analyzing gambling from the perspective of the casino. The casino is actually also a player, except that its target is us. We see countless players losing everything, suffering from the wounds inflicted by the casino. However, we almost never hear of a certain casino being forced to close due to players winning. Many casinos close mainly due to their own mismanagement leading to failure. So how does the casino dominate in the game of gambling?

For example, a certain casino has an initial capital of 100 million. One day, Li Jiacheng brings 100 million to this casino for gambling. He directly bets the entire 100 million. There will be two results: a 50% chance that the casino's capital will become 200 million, and a 50% chance that the casino will be emptied. Although the casino has a 50% chance of winning 100 million, there is also a 50% chance of losing everything and closing down. This is not the result the casino wants to see. The casino can earn tens of thousands or even millions every day. Why take the risk of losing everything for that 100 million? Casino profits do not rely on luck, so the casino has the rule of limiting bets.

Let's take a look at the result. For example, if the limit is set at 1 million, you must win against the casino 100 times to possibly win all the casino's money. It's already very good if you can win 20-40 million. This greatly reduces the chance of the casino being emptied. If the limit is lowered to 500,000 or even lower, the casino is basically unlikely to be emptied. In reality, the 100 million is distributed among countless players. Everyone goes to the casino at different times, bets on different tables, and bets on either the banker or the player, all of which are dispersed. In fact, only a very small amount of money is being pitted against the casino's huge funds. The casino can defeat many players by using the rake and amplitude. Even if there are a few wealthy individuals betting millions against the casino, because of the limit, the casino cannot suffer huge losses in a short period. The casino can completely use its profits to offset some losses. Once your luck is bad and your state is poor, you will immediately lose back to the casino.

This is the reason why the casino can survive in the long term. Can't we learn from this in reverse? Can't we also set limits for the casino with our limited funds? Many blind gamblers or novices completely lack this concept. When losing, they continuously increase their betting amount, eventually breaking their bankroll due to hitting the limit or suffering huge losses.

The principle of risk diversification is the principle of diversifying the risk to the lowest possible level. Many experts and people who have survived in casinos for a long time minimize the situation where luck determines the outcome. This is a very good application of the principle of risk diversification. The principle of risk diversification may not make you win, but it will at least prevent you from losing big immediately!

Isha000

Casinos also make a lot of money.

Janak9955

The last paragraph of the game feels very touching, but it's hard to achieve in front of me, after all, my luck is too bad.

Jayne94133

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