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You say I am twisting your words. Here are your words:

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... the player is at very high risk to get busted out, even though he may have a net advantage over the long run. It is these kinds of situations that I suggested casinos have made tons of money on over the years.

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This is wrong. You are making a common error, but you are being uncommonly stubborn about it.

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On the contrary, what you seem to be stating or implying is that every player who walks into a casino with +EV will never bust out. I don't see how anyone could ever accept such a statement.

My point is that many will, many won't. For those that do, the only reasonable causes are over betting their bank or overestimating their edge, or both. For those multitudes who have done so, and for those yet to, the casinos have and will make a ton from them. So yes, I believe this has happened and does happen in blackjack for sure, and most likely in poker as well.