How is the online casino scene these days? Is it profitable?

[Cryptsafe]

Gambling industry is now a mega industry which has succeeded in attracting many and mostly the government because of the profit they generate in return. The government is only after the money involved and gamblers are left to their own fate as it bothers them because it is a choice and not by force. So if it interests any individual to gamble, they are up to it as they are responsible for their own decisions.

The online casino is profitable only to the casino operators not the gamblers because it is always in favour of the house. So any body gambling is doing that based on their own personal interest either for fun or to make profit as the case may be but they should have it at the back of their mind that winning is a probability.

[Sim_card]

Online casinos is one of the most profitable businesses nowadays, this is because every day the number of people going into gambling is increasing, and so many of them thinks that gambling is a get rich quick scheme, and this have made them believe that they can become rich through gambling, so they gamble to make profit and not for fun. If majority are gamblers are gambling for profit, this gives the casino a upper hand to make more profit because these so-called gamblers will be busy chasing their losses and running in more lose until their bankroll is empty. They forget that a gambler can never win the house hedge because they are blind with greed.

[acroman08]

I'm sorry if I may sound rude but it seems just you are promoting a pre-sale and are not actually interested in whether online casinos are profitable or not.

anyway, to answer the title of the thread, from what I have read the gambling business(online casino and offline casino) is one of the most profitable industries in the world today, so yeah, the online casino scene these days is profitable.

[Dr.Bitcoin_Strange]

Running a casino is more profitable to the casino owners than to gamblers, and that's a known fact. If gamblers are allowed to win more than usual, that means that casinos will run out of funds to pay out. Since you are referring to casino coin, I have not really invested in any casino token, but I feel that if a casino is very successful and popular, that means their token will actually get promoted and will be profitable to those that invested in it. Although, as long as the token is still an alt coin, you cannot predict it.

[Cryptsafe]

Running a casino is more profitable to the casino owners than to gamblers, and that's a known fact. If gamblers are allowed to win more than usual, that means that casinos will run out of funds to pay out. Since you are referring to casino coin, I have not really invested in any casino token, but I feel that if a casino is very successful and popular, that means their token will actually get promoted and will be profitable to those that invested in it. Although, as long as the token is still an alt coin, you cannot predict it.

Of lately I noticed casinos are beginning to have their own coin to back up their casino but however the utility  value and coin growth depends on the success of their casinos. If a casino is not popular that means the casino coin would be unknown but when otherwise, it becomes very much accepted and traded for example let us use big names like stake. Just imagine that stake casino coin coupled with the fact that the casino is very much big and popular to start with, do you not think that the coin would be very much valuable in the long run?
With this, investors and holders of the casino coin would sell and take profit from it but gambling to make profit is under probability which is not guaranteed.  So therefore, the online casino can not be said to be very much profitable to gamblers but the owners because it is always an in-house victory.

[MUGNIA]

Online gambling is currently very popular among the public, there are various kinds of gambling on offer and it is easy to access so that many people will be able to join in this online gambling.

If asked, is it profitable?
I personally say that gambling is not always profitable but mostly makes a loss for individuals. where if someone is addicted it will be difficult to get away from gambling itself, what's more, nowadays a lot of gambling is online, not like before, if you want to gamble you have to come to a gambling tabel .
gambling is profitable for the government where there will be royalties from the gambling license itself

[Dewi Aries]

Online gambling is currently very popular among the public, there are various kinds of gambling on offer and it is easy to access so that many people will be able to join in this online gambling.

If asked, is it profitable?
I personally say that gambling is not always profitable but mostly makes a loss for individuals. where if someone is addicted it will be difficult to get away from gambling itself, what's more, nowadays a lot of gambling is online, not like before, if you want to gamble you have to come to a gambling tabel .
gambling is profitable for the government where there will be royalties from the gambling license itself

This is because this type of online gambling has advantages that really suit what people need, there are many conveniences there and one of the advantages that is the reason people are involved in this type of betting compared to offline casinos is that they can gamble wherever and whenever, there is absolutely no time limit and it is different from offline casinos where there are certain hours like ordinary shops where there are not hours and closing hours every day.

For the problem of benefits I think maybe this is in terms of convenience in terms of the freedom to access at any time using only a cellphone connected to the internet network, but for the problem of benefits such as winning then obviously I agree with you that everything in the name of gambling is really always about the chances of winning and the risk of losing, you will not be able to separate these two things because every gambler will find one of the answers at the end of each session they do between winning or losing.

Obviously, this is gambling where everything is random without being able to know anything about the outcome at the end of the session, and if you are involved in the wrong approach on an aggressive note or too much then obviously what happens is that you will suffer a considerable amount of defeat, because after all this is nothing more than a game of probability that involves risk, so if you want to be fine you must have a good plan and management of your risk management along with applying firmness to awareness. Because usually the ease of access is one of the factors that make it difficult for gamblers to put limits until finally addicted.

[Agbe]

Online casinos are much more better and profitable then online offline casinos in this present days. Because people or gamblers would just use their mobile phones to enter the casino website and register and play games and wins or lose without going to any Hall. And offline casinos are too open for some gamblers because in most cases they are hiding to play their games so they prefer online because it gives them personal privacy.

[SamReomo]

Online casinos are much more better and profitable then online offline casinos in this present days. Because people or gamblers would just use their mobile phones to enter the casino website and register and play games and wins or lose without going to any Hall.

I agree with you and it's 100% true that online gambling is much better than offline gambling but still some people prefer to gamble on offline casinos because they are somehow addicted to that way of gambling.

I won't say online casinos are more profitable for everyone but surely for a few lucky ones the online casinos are much profitable. I think anyone who understands the online casino fully also knows that earning on those casinos depends a lot on someone's luck.

A lucky person can have so many consistent wins while an unlucky person can have so many losses at once. The thing that I like those online casinos is that anyone can play at those casinos remotely. And, mostly the introvert type of people love to play at such casinos.

[Cryptsafe]

Online casinos are much more better and profitable then online offline casinos in this present days. Because people or gamblers would just use their mobile phones to enter the casino website and register and play games and wins or lose without going to any Hall. And offline casinos are too open for some gamblers because in most cases they are hiding to play their games so they prefer online because it gives them personal privacy.

Online casinos guarantee ones privacy and security as well because one can gamble at their own convenience without anybody seeing or having any knowledge of their gambling lifestyle. Not only that, the ease and stress is reduced when one would be thinking of going to the casino house, the time, energy and stress involved would make one go for online which only requires a mobile phone and internet connection only. From the looks, I think online casinos makes more profit than the players and offline casinos because the games are always in favour of the house and just few gamblers win the slots available for gamblers and coupled with the fact that gamblers now prefer gambling online compared to offline casinos.

[Agbe]

Online casinos are much more better and profitable then online offline casinos in this present days. Because people or gamblers would just use their mobile phones to enter the casino website and register and play games and wins or lose without going to any Hall. And offline casinos are too open for some gamblers because in most cases they are hiding to play their games so they prefer online because it gives them personal privacy.

Online casinos guarantee ones privacy and security as well because one can gamble at their own convenience without anybody seeing or having any knowledge of their gambling lifestyle. Not only that, the ease and stress is reduced when one would be thinking of going to the casino house, the time, energy and stress involved would make one go for online which only requires a mobile phone and internet connection only. From the looks, I think online casinos makes more profit than the players and offline casinos because the games are always in favour of the house and just few gamblers win the slots available for gamblers and coupled with the fact that gamblers now prefer gambling online compared to offline casinos.

I agree with you because most of the gamblers are even hiding themselves from the public view, they are ashamed that they don't want people to see them when gambling so when online gambling was introduced in the gambling industry they were very happy they nobody would see them again if they are still gambling. And also in the profit making,  online casinos make more profit because they system are already configured o a certain way that humans can't win the system and it is a rare games as you said and that's truth. And in most y gamblers like online gambling because it makes things easier for them to gamble but they have also forgotten that they lose money more than offline casinos.

[Mr. Magkaisa]

      -   Online casinos at this time, I can't say profitable if I always lose and rarely win gambling. It can be said that it is profitable if I always win playing gambling here in crypto gambling. But that's if I'm always lucky when playing.

Others who are gamblers say that winning in gambling is also in technique and not in luck. I don't believe that because winning in gambling in the field of cryptocurrency is just luck.

[taufik123]

-snip-
Others who are gamblers say that winning in gambling is also in technique and not in luck. I don't believe that because winning in gambling in the field of cryptocurrency is just luck.

Luck is still the main determinant of whether they can win or not.
It can be seen in slot games, it is purely due to luck because the system has arranged everything and all the player needs to do is spin and determine how many bets will be bet.

But in football betting, this also depends on analysis so it is not entirely on luck.
Analysis according to the state of the player or the condition of the club so that this will greatly affect the final result of the match.

[kent47400]

anyway, to answer the title of the thread, from what I have read the gambling business(online casino and offline casino) is one of the most profitable industries in the world today, so yeah, the online casino scene these days is profitable.

I also noticed that there are a lot of online gambling platforms that use cryptocurrency and that is proof that this online casino business is very popular.
For offline, maybe I often see it in Las Vegas because as far as I know, gambling is legalized there, so it's specifically for gambling areas. If I'm not mistaken.
This business opportunity is for those who create gambling platforms, whether online gambling or offline gambling because usually the platform creator or bookie always makes a profit and never loses.

BTW, I have never gambled and don't want to gamble, but in my real work environment there are some friends who gamble, so at least I have heard of them when they gamble online.

[gunhell16]

When you say that gambling is profitable, it means that you always win when you play gambling. The question is, is it possible to always win big in gambling? Maybe it's possible, but only with a small amount of winnings.

Because most gamblers usually lose in gambling, right? I have not seen any gambler who wins big money everyday gambling, because if there is, and that is true, then for sure all casinos will lose money and close the crypto gambling industry.