Casino sites profit - explained

Discussion in 'General Business' started by webbusiness23, Feb 2, 2009.

  1. #1
    I see there are a lot of casino sites out there and i'm wondering why are they so many?

    I guess there's a nice profit too.


    Could someone explain me where the profit comes from?
     
    webbusiness23, Feb 2, 2009 IP
  2. Goran

    Goran Peon

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    #2
    It's because the house always wins. They always get a cut, players usually lose money, etc... It's like a real casino.
     
    Goran, Feb 2, 2009 IP
  3. TheNoose

    TheNoose Peon

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    #3
    Well for poker sites there is the rake (each site is different but I think it's 5-10% of the pot up to a certain cap). Then there are tournament entry fees. My friend playing at $0.25/0.50 blinds lost just under $1000 in a month to rake fees. That's a lot of money for such low blinds. Just think, thousands of people playing, with much higher blinds than that... that's a lot of money. Of course other games like Goran said - the house always wins. It's all to do with probabilities in the favor of the house. Over the long run, they are up money.
     
    TheNoose, Feb 2, 2009 IP
  4. webbusiness23

    webbusiness23 Member

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    #4
    I was talking about the casino affiliate programs, the sites that have such programs for the viewers...
     
    webbusiness23, Feb 2, 2009 IP
  5. mentos

    mentos Prominent Member

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    #5
    If you mean affiliate such as poker site.
    Then the poker site owner will get commission when people sign up for a certain poker site from their affiliate link.
    Some poker site even paid a percentage of the amount the money that client deposit.
     
    mentos, Feb 2, 2009 IP
  6. Dixie

    Dixie Guest

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    #6
    If it where me running a casino site i would personaly just make a handeling fee to cash in/out money into chips.


    But if i where a more sly buisnesman i would write bots running on my server to win hands over a certain ammount (Would do it carefully though, a full house comming up every time would look bad.)

    Highly illigal though and just theory.
     
    Dixie, Feb 3, 2009 IP
  7. pdmac8

    pdmac8 Member

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    #7
    The reason all casino and poker sites run affiliate schemes is because they need new business in order to survice and they will pay good commissions in order to get you to do their work for them

    After all, you are cheaper than them employing a new business sales team ;)
     
    pdmac8, Feb 3, 2009 IP
  8. Sports General

    Sports General Peon

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    #8
    The online gambling business is worth $ billions, the number of casino sites follows it
     
    Sports General, Feb 3, 2009 IP