Pages:
Author

Topic: Can gambling sites provide proof of auditing that was done on their RTP? - page 3. (Read 786 times)

legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
Well, the topic is interesting in itself, or I know if the casinos can give them if they are asked for these discounts, in fact there is always an associated number of the RTP for the slots, and it is something that we see and sometimes they show next to each slot , for me it is interesting because basically things can be transformed for good, and not for something that is seen as bad, for me it is interesting because I have not seen much information about this, in fact it would be very nice if caisnos could have this type of reports.

The AI understands a lot, and gives simple examples so that anyone can understand it, based on this in casino reviews, or reviewers should request this type of data that turns out to be very good, to compare, which All the casinos that do not have this type of reports are something by which they can be evaluated, not to judge them, but at least to have it as a guide to know which casinos we have the best chance of winning.

As active players, if I would like to review this type of data, also as a measure of associated curiosity, this is sure that the casinos that will have the highest RTP will be bitcasino.io, stake.com, because they are the most popular casinos and that everyone They want to enter and try their luck, of course rollbit, duelbits, roobet too.
legendary
Activity: 3010
Merit: 1280
Get $2100 deposit bonuses & 60 FS
I once chased losses and played one slot machine continuously, but I didn't get good results, all I got were more and more losses. So I don't really care about RTP, and in my opinion there is no guarantee about RTP, this happens when we play a slot machine that we have never played before and it turns out we can get a big win. Or maybe the RTP is random and doesn't always come back to us, but winnings can also be given to other users?

RTP is supposed to be for the long term, if you experience losses for a long time, just hold on your horses, you might get a surprise one day when the RTP kicks in.  Experiencing RTP is not like, if I wager $100 today I must receive $95 dollars today, as stated it is a return of money to the player over a long period of time. 

As long as a gambling casino is licensed, then they should have information for their Return to Player audit, mostly this has to deal with the gambling platforms and the regulatory authorities or government as the case may be, what do someone like me, an average gambler needed that for, will they even allow me to see such, all these would have been well spelt out under their casino ToS if we had gone through them.

True that, auditing is one of the processes enforced by the various licensing authorities in order for the casino to get its license to operate according to this article: https://medium.com/@hirer42047/the-importance-of-auditing-with-online-casinos-a77b6aa4983c

Quote
Reputable internet casinos have their games audited by independent, third-party auditing organizations to ensure fairness to players. Auditing is a requirement enforced by the various licensing authorities and is also done to show players their business is fair and reliable.
legendary
Activity: 2660
Merit: 1261
Either you trust them or play other games.

The things we can do just trust the provider, the RTP is correct based of (RNG). If you on (Landbase) CASINO especially on (VEGAS) they even have the worst RTP, just about 60% and people still play that shit up.

Spin with over 50, 100, 500, or 1000$ / spin and just win around 10-30x (they are excited ~LOL) + The Jackpot Notify came out with just 10-30x from their bet size. Take these as leason, no one can verified and all machine program will be always profitable to the house. Now, you are now better to play (card games) while have a better odds to the player like (BJ 2-3 Deck, Sportbook or Pokers).
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
This means that, on average, for every $100 wagered, the player can expect to receive $95 back in winnings over time.

AI told you some garbage there.

Slot machines are here for entertainment and the thrill of a big win, which does happen, but they are not here to make money for the player.

The most common RTP in the online industry hovers around 96%, in the offline industry it can go as much down as 80%, but offline businesses that go that aggressive rarely deal with regulars, while we in online deal with regular players and want that they stay with us longer, so we have higher RTP's. That doesn't mean that you, specifically you, will get 96% back out of $100 gambled. No, this means that the game, on an average (a huge average) is giving out 96% back, but in most cases you don't see it because it comes back in increments. Someone might have a zero RTP, someone else a jackpot. It's a theoretical average. The point is to entertain you as long as possible for those $100, and the slot machine will be taking and giving as you continue to play. You might win, but let's assume you'll not.

And although the games have to be ISO/IEC 17025 compliant, if the casino is using a slots provider (e.g. Bgaming) then they can't change the RTP, it's baked into the game and managed by Bgaming, not the casino. So the Auditing part would go to Bgaming, which is a Malta Gaming Authority audited brand, so basically MGA is doing the Audit on them.

If the casino is using their own games, there's more room for scams, so check if they are "provably fair" (no, it's not a typo). However, I would never recommend to play on a non-licensed casino.




This is what I thought as well, RTP is nothing but the average value of return that someone can get which doesn't mean that everyone who gambles will get as much as returns as mentioned in the RTP value because we never know which is the bet that is going to give us the win and that's why longer the betting streak the chances of winning is high.

However I just want to know is it mandatory to prove the provided RTP of in house games of casino to the players or its just for the documentation of regulators?
hero member
Activity: 952
Merit: 555
As long as a gambling casino is licensed, then they should have information for their Return to Player audit, mostly this has to deal with the gambling platforms and the regulatory authorities or government as the case may be, what do someone like me, an average gambler needed that for, will they even allow me to see such, all these would have been well spelt out under their casino ToS if we had gone through them.
legendary
Activity: 2366
Merit: 1624
Do not die for Putin
Based on what I've read, these online gambling sites are subject to regulations and license requirements that compel them to undergo regular audits by independent third-party testing agencies. These audits are conducted to verify that the games' RNG is fair and that the stated RTP is accurate. But the big question is, is it enforced and thoroughly reviewed by the regulatory authorities?

What is the difference between provably fair and RTP? It seems like there isn't much difference because winning or losing still ultimately depends on luck. So, if you keep playing in the long run, losses are likely to be inevitable.
I don't think you can test provably fair on a slot machine. Someone can correct me if i'm wrong as I am actually curious of this myself.

This is true. There’s no way to test the probably fair system of slot games since they are all close source that’s why we are relying here on trust that provider is following the standards after the audit done to them since everything is online now.

Being close source of most 3rd party game provider is still a mystery since some says it’s to protect their games against exploit but some says to hide what they are doing from behind. No one knows exactly what’s true here. Online gambling is based on trust built over their length of service without any issue.



There is not better proof than the test of times. Most people using crypto exchanges can speak a lot about darwinism in that sense, that is creating rep by simply not being hacked, allowing withdrawals and treating users fairly including the odds, etc... However there is good opportunity for sites that have still to make their way into the market by promoting a certification.
sr. member
Activity: 882
Merit: 457
Quote
Additionally, if I play on the same slot machine at a different casino, will the provider know? For example, I played Gates of Olympus on Shuffle and won, because I had won, I moved to another casino and played the Gates of Olympus slot machine again, does PP know that it was me? because they must have recorded my IP

I think so but I’m not sure. Some provider like PP have a tournament for all the players playing their games in different casino. I think they are just like evolution gaming that tracks all the players playing their games even in different casino.

Yes, I think so too. Because I have experienced it, when I won at one casino and played the same slot machine at another casino, it seemed as if my luck had run out and it was very difficult to win, I was only able to get a small win when playing a slot machine from a different provider

Have you ever felt something like that? Maybe my guess is right because the provider can find out our IP so they know that we are the ones playing even though we use different online casinos, it looks like I have to change providers when I win at one of the slot machine providers
hero member
Activity: 1120
Merit: 554
🇵🇭

I want to ask, if the RTP is determined by the provider and not the casino, why is there usually a slight difference in RTP between one casino and another? usually the difference is not much but there is a slight difference.


Some game provider allows few modifications on the RTP based on the casino preferences but game provider is the one that changing the RTP and not casino since game provider has the full control on the games. Casino just added it on their website so that players can play it.

Quote
Additionally, if I play on the same slot machine at a different casino, will the provider know? For example, I played Gates of Olympus on Shuffle and won, because I had won, I moved to another casino and played the Gates of Olympus slot machine again, does PP know that it was me? because they must have recorded my IP

I think so but I’m not sure. Some provider like PP have a tournament for all the players playing their games in different casino. I think they are just like evolution gaming that tracks all the players playing their games even in different casino.
sr. member
Activity: 882
Merit: 457
This means that, on average, for every $100 wagered, the player can expect to receive $95 back in winnings over time.

AI told you some garbage there.

Slot machines are here for entertainment and the thrill of a big win, which does happen, but they are not here to make money for the player.

The most common RTP in the online industry hovers around 96%, in the offline industry it can go as much down as 80%, but offline businesses that go that aggressive rarely deal with regulars, while we in online deal with regular players and want that they stay with us longer, so we have higher RTP's. That doesn't mean that you, specifically you, will get 96% back out of $100 gambled. No, this means that the game, on an average (a huge average) is giving out 96% back, but in most cases you don't see it because it comes back in increments. Someone might have a zero RTP, someone else a jackpot. It's a theoretical average. The point is to entertain you as long as possible for those $100, and the slot machine will be taking and giving as you continue to play. You might win, but let's assume you'll not.

And although the games have to be ISO/IEC 17025 compliant, if the casino is using a slots provider (e.g. Bgaming) then they can't change the RTP, it's baked into the game and managed by Bgaming, not the casino. So the Auditing part would go to Bgaming, which is a Malta Gaming Authority audited brand, so basically MGA is doing the Audit on them.

If the casino is using their own games, there's more room for scams, so check if they are "provably fair" (no, it's not a typo). However, I would never recommend to play on a non-licensed casino.

Thank you for your great answer

I want to ask, if the RTP is determined by the provider and not the casino, why is there usually a slight difference in RTP between one casino and another? usually the difference is not much but there is a slight difference.

Additionally, if I play on the same slot machine at a different casino, will the provider know? For example, I played Gates of Olympus on Shuffle and won, because I had won, I moved to another casino and played the Gates of Olympus slot machine again, does PP know that it was me? because they must have recorded my IP
hero member
Activity: 616
Merit: 565
#NeverForgetGoba
This means that, on average, for every $100 wagered, the player can expect to receive $95 back in winnings over time.

AI told you some garbage there.

Slot machines are here for entertainment and the thrill of a big win, which does happen, but they are not here to make money for the player.

The most common RTP in the online industry hovers around 96%, in the offline industry it can go as much down as 80%, but offline businesses that go that aggressive rarely deal with regulars, while we in online deal with regular players and want that they stay with us longer, so we have higher RTP's. That doesn't mean that you, specifically you, will get 96% back out of $100 gambled. No, this means that the game, on an average (a huge average) is giving out 96% back, but in most cases you don't see it because it comes back in increments. Someone might have a zero RTP, someone else a jackpot. It's a theoretical average. The point is to entertain you as long as possible for those $100, and the slot machine will be taking and giving as you continue to play. You might win, but let's assume you'll not.

And although the games have to be ISO/IEC 17025 compliant, if the casino is using a slots provider (e.g. Bgaming) then they can't change the RTP, it's baked into the game and managed by Bgaming, not the casino. So the Auditing part would go to Bgaming, which is a Malta Gaming Authority audited brand, so basically MGA is doing the Audit on them.

If the casino is using their own games, there's more room for scams, so check if they are "provably fair" (no, it's not a typo). However, I would never recommend to play on a non-licensed casino.


copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
This question is best fit for casino owners, I wish we have some of them on here to answer this question right now.

We have someone here that operates an online casino. He is still very active here and actually answer this kind of question frequently on his AMA thread https://bitcointalksearch.org/topic/--5482508. He is the only user here I know that is qualified to give right answer on this question since most of our opinions here is just speculation because we don’t work in the casino.


@SirJohnVonSlotty sir, I’m not sure if this question is already asked on your AMA thread but this topic is popular to ask here while always doesn’t received deserve answer. Can you help us here for your insights to this topic. We really appreciate your knowledge on this field.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
Based on what I've read, these online gambling sites are subject to regulations and license requirements that compel them to undergo regular audits by independent third-party testing agencies. These audits are conducted to verify that the games' RNG is fair and that the stated RTP is accurate. But the big question is, is it enforced and thoroughly reviewed by the regulatory authorities?

What is the difference between provably fair and RTP? It seems like there isn't much difference because winning or losing still ultimately depends on luck. So, if you keep playing in the long run, losses are likely to be inevitable.
I don't think you can test provably fair on a slot machine. Someone can correct me if i'm wrong as I am actually curious of this myself.

This is true. There’s no way to test the probably fair system of slot games since they are all close source that’s why we are relying here on trust that provider is following the standards after the audit done to them since everything is online now.
I think you are wrong, there is actually a way to test or audit a slot machine since they are a programmed computer game, by the term "programmed computer game", I mean that, those machines are running a slot game software, and they can be infected, same way a windows program  on your computer, or an android program can be infected with a virus or malware, the slot program installed on the slot machine can be tested and or audited to make sure that the RTP the machine displays is the actual RTP in the software the machine is running, since things like this can be manipulated through the machine's internal or physical settings.

I can give you an example of the woman who they said won over $400,000 while playing slot on a slot machine, and after the casino investigated the win, they told her she did not win, that what was displayed on the slot machine as her winning was due to a malfunction in the machine which affected the game software.
How was the casino able to discover this if not that they ran an audit on the woman's game history on that machine...?
hero member
Activity: 1288
Merit: 564
Bitcoin makes the world go 🔃
Based on what I've read, these online gambling sites are subject to regulations and license requirements that compel them to undergo regular audits by independent third-party testing agencies. These audits are conducted to verify that the games' RNG is fair and that the stated RTP is accurate. But the big question is, is it enforced and thoroughly reviewed by the regulatory authorities?

What is the difference between provably fair and RTP? It seems like there isn't much difference because winning or losing still ultimately depends on luck. So, if you keep playing in the long run, losses are likely to be inevitable.
I don't think you can test provably fair on a slot machine. Someone can correct me if i'm wrong as I am actually curious of this myself.

This is true. There’s no way to test the probably fair system of slot games since they are all close source that’s why we are relying here on trust that provider is following the standards after the audit done to them since everything is online now.

Being close source of most 3rd party game provider is still a mystery since some says it’s to protect their games against exploit but some says to hide what they are doing from behind. No one knows exactly what’s true here. Online gambling is based on trust built over their length of service without any issue.

hero member
Activity: 826
Merit: 641
Leading Crypto Sports Betting & Casino Platform
-snip-
So, I know these audits are done on "brick n mortar" casinos, but what about the online gambling sites?

If these audits are done on online gambling sites, why are this not published online for transparency? It does not even have to be detailed reports, just a summary report of their findings.
I've observed this for a long time and when it comes to online businesses, you should forget about strict regulations, while some are not regulated at all, but to others, they are just regulated on paper and not in actual practice. This is why you see cheating everywhere, and this is not peculiar to the casino business alone but all facets of online businesses and dealings. This is why we should be wise and at least deal with the ones that we know are sincere to a certain meaningful extent that is comfortable to us. I have seen enough and heard enough about the broad daylight robbery by the so-called online legit businesses, most of them are just swindlers hiding under registering, licensing and regulations. For those who are still regulated still, it is not about the interest of the customers in most cases but the sharing of the money between the government and the corporations, and bribery of the government officials to look away can't be taken out of this as well.

I know it can't continue to go on like this, it might take time but online dealings would still have to be regulated and heavy sanctions would be meted out to the companies that are not cooperating. Nevertheless, it is better with brick-and-mortar casinos because they have their physical presence in the country, and there would be due registration and monitoring by the government. And this is about the country we are talking about as most countries are almost useless in terms of regulations, they are just figureheads. Imagine online casinos operating in such countries, it would be worse because the government may not even have the technology or experts that would audit them or point the government in the right direction for a private audit, which of course would cost more. They prefer earning it more through tax and turn a blind eye.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
I will say with all honesty that this is really an interesting question, as personally, I've never for once thought about the possibility and importance of auditing a game software to ensure that it's up to the standard the casino are advertising the game to be.
But unfortunately, this is not a question gamblers can answer, just as money here have said, there is no way we can know if online casinos actually go through such audit on their games software before launching such game to the public, because so far, no online casino have ever spoken concerning this, neither has any ever made such data available to their customers and prospective customers as well.

This is something I will suggest we all return back to our favorite casinos and ask them if their game software are audited, as a way to prove that the games are as fair as they should be, and just as they claim, casinos that refuse to answer or provide the audit data possibly have something they are hiding.
full member
Activity: 2170
Merit: 182
“FRX: Ferocious Alpha”
I once chased losses and played one slot machine continuously, but I didn't get good results, all I got were more and more losses. So I don't really care about RTP, and in my opinion there is no guarantee about RTP, this happens when we play a slot machine that we have never played before and it turns out we can get a big win. Or maybe the RTP is random and doesn't always come back to us, but winnings can also be given to other users?

I gamble only relying on my feelings, if my feelings are good then I continue playing, if not then it is better to move to another slot machine in the hope that I will be luckier

the fact that you don’t care about rtp is probably the reason why you got a lot of losses rtp does not guarantee you success but it will help you choose the best possible slot or game to play

typically you would not want to play a game that has a relatively low rtp
full member
Activity: 938
Merit: 108
OrangeFren.com
There are other gamblers who say that when the RTP percentage is high, the chances of winning in casino games are high. But for me, I don't believe that; it's just a trick they use to encourage gamblers. Of course, the gambler will think that it is good to play in this casino because the percentage that the players win is high.

But not all casino players don't believe in this RTP, because most of the winnings that gamblers get are usually based on luck.
hero member
Activity: 3150
Merit: 937
Quote
To prove the RTP of a gambling game, regulators often require developers and operators to undergo testing and certification by independent auditing firms. These firms analyze the game's software and mechanics to ensure that the stated RTP is accurate and fair. Additionally, regulatory bodies may require operators to periodically report on the actual performance of their games to verify that they are meeting the stated RTP. This helps ensure transparency and fairness in the gambling industry.

Can anyone tell me which ones are the auditing firms, that perform testing and certification of online crypto casinos?
I don't know anything about such firms. The crypto casinos(or the gambling game providers) are working with the "probably fair" concept, which means that every gambler is supposed to verify that the dice/crash/online slot game is actually fair and it provides perfectly random results. I'm not an expert in this field and I can't provide a competent opinion. I never truly believed that the "probably fair" gambling games are 100% fair and transparent.

legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
Yes, there are actually two things that should be audited. A lot of these casinos use games from 3rd party providers ... but they also host a lot of their own in-house games.

The in-house games should receive the most scrutiny, because the RTP for these games are controlled by the casino and not pre-configured by some 3rd party provider.

I think most of the cooking of the RTP is done on the in-house games, because it is easy to change it.
legendary
Activity: 1792
Merit: 1296
Crypto Casino and Sportsbook
For example, if players wager a total of $1,000 on a slot machine and the machine pays out $950 in winnings, the RTP would be calculated as follows:

RTP = ($950 / $1,000) * 100 = 95%

This means that, on average, for every $100 wagered, the player can expect to receive $95 back in winnings over time.
By betting $95 with a RTP of 95%, the player can expect to win $90.25 (- $4.74 = 5%). Then - $85.7375 and so on.

As you can see, a RTP equal to 95% (less than 100%) one way or another leads to a decrease in the deposit. The more bets, the closer the deposit balance is to zero.

So, I know these audits are done on "brick n mortar" casinos, but what about the online gambling sites?

If these audits are done on online gambling sites, why are this not published online for transparency? It does not even have to be detailed reports, just a summary report of their findings.
Probably, if this is not published, then such an audit is never carried out on gambling sites. Otherwise, online casinos would use this for advertising purposes. Therefore, I come to the conclusion that the actual RTP in an online casino can be anything (even below 95%) and players will not be able to check this.

The prosperity (presence of a big user base) of online casinos demonstrates that players have no doubts about the RTP and are ready to play under any conditions. It seems to all of them that the casino is playing fairly with them and they trust them blindly.
Pages:
Jump to: