do you lose on slots? - page 22. | Bitcointalksearch.org

Lucasgabd

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Quote from: nullama on August 09, 2023, 11:39:21 PM

Quote from: Lucasgabd on August 09, 2023, 10:03:29 AM

~snip~
there's a name for this cognitive bias if I'm not wrong
confirmation bias or something like that, not sure in english

it's like sharing only the ups and not the downs what don't allow someone to have a clear picture of the situation.

always best to try to see all aspects of reality instead of only part of it.

Yes, it's called Survivorship Bias, basically you only get to hear from the successful attempts to do something. Most fails, you basically never get to hear from.

exactly! that was what I was looking for, just forgot the name

this is the point
the cemetery of losers is quite silent, you don't hear people sharing their losses so often, so it can give you the false illusion that winning is easy or that risks are lower than they actually are

nullama

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Quote from: Lucasgabd on August 09, 2023, 10:03:29 AM

~snip~
there's a name for this cognitive bias if I'm not wrong
confirmation bias or something like that, not sure in english

it's like sharing only the ups and not the downs what don't allow someone to have a clear picture of the situation.

always best to try to see all aspects of reality instead of only part of it.

Yes, it's called Survivorship Bias, basically you only get to hear from the successful attempts to do something. Most fails, you basically never get to hear from.

Lucasgabd

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Quote from: nullama on August 08, 2023, 07:28:24 PM

Quote from: Lucasgabd on August 08, 2023, 11:18:24 AM

~snip~
luck is a tricky godess
it's funny to think why she smiles at some people and not at others
and why some people have these huge luck strikes winning game after game after game

I met this guy once who was great at lotteries and bingos and won dozens of it... just weird. against all odds.

In my experience those people play a lot, and only share with you the times they win, while keeping to themselves all the times they lose.

It's pretty common to be honest, it's rare to hear someone talking about how much money they lost in the casino.

there's a name for this cognitive bias if I'm not wrong
confirmation bias or something like that, not sure in english

it's like sharing only the ups and not the downs what don't allow someone to have a clear picture of the situation.

always best to try to see all aspects of reality instead of only part of it.

nullama

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Quote from: Lucasgabd on August 08, 2023, 11:18:24 AM

~snip~
luck is a tricky godess
it's funny to think why she smiles at some people and not at others
and why some people have these huge luck strikes winning game after game after game

I met this guy once who was great at lotteries and bingos and won dozens of it... just weird. against all odds.

In my experience those people play a lot, and only share with you the times they win, while keeping to themselves all the times they lose.

It's pretty common to be honest, it's rare to hear someone talking about how much money they lost in the casino.

Lucasgabd

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There's no need to be upset

Quote from: madnessteat on August 07, 2023, 01:48:55 PM

Quote from: Westinhome on August 07, 2023, 01:28:13 PM

Quote from: klidex on August 06, 2023, 03:41:33 PM

Yes, that's true, but here I am just telling you that I dont have the desire to give any advice to other people regarding using large funds just to gamble or play slots.
Actually it quite simple as I said the first time with you that it better to use a small budget to bet with a minimum amount and enjoy each of your bets and not have to worry when one day you get lucky it will be very easy to reach maxwin.
It just a suggestion, when you get a win, regardless of the amount, it better to withdraw half or what percentage and use the rest as a gambling budget the next day.

Some people taking risk to play slot games with high funds,but it's not the good move by the gamblers.Because slot game will give huge profit or full loss.So it's better to gamble with the average amount of money as compared to high at same time.

I don't understand the point of your argument. Each gambler has the right to decide for himself how big will be his bet and bankroll. In my opinion, the probability of winning depends more on luck on any given day. There have been cases in the history of gambling when a person who came to the casino won on 2-3 spin a tidy sum, and there are cases that experienced players with a solid bankroll lost all the money.

luck is a tricky godess
it's funny to think why she smiles at some people and not at others
and why some people have these huge luck strikes winning game after game after game

I met this guy once who was great at lotteries and bingos and won dozens of it... just weird. against all odds.

maydna

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Quote from: klidex on August 06, 2023, 03:41:33 PM

Quote from: maydna on August 03, 2023, 08:50:02 AM

~snip~

Yes, that's true, but here I am just telling you that I dont have the desire to give any advice to other people regarding using large funds just to gamble or play slots.
Actually it quite simple as I said the first time with you that it better to use a small budget to bet with a minimum amount and enjoy each of your bets and not have to worry when one day you get lucky it will be very easy to reach maxwin.
It just a suggestion, when you get a win, regardless of the amount, it better to withdraw half or what percentage and use the rest as a gambling budget the next day.

There is no problem with that because it depends on each of us. The use of funds will also depend on each person, and we all know that the more funds we use, the more likely we are to suffer a big loss. But if we can accept it, it's okay to use big funds because we also expect big wins to come to us. You are right in using a small budget to gamble with small stakes because it is to anticipate the loss we can get. After all, by sticking to small bets, we can also get big luck later and win big wins. I will always remember your suggestion because it is a win, especially if we can withdraw it and enjoy the winning money.

nullama

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Quote from: Aikidoka on August 07, 2023, 02:02:07 PM

~snip~
To be honest, I've never invested a lot of money in slots. It's usually just a few dollars spent for fun, nothing more. Since slot machines rely purely on luck there's no way to control your luck, and I can't see myself risking a hugfe amounts of money on them. People who wager large sums on such bets seem crazy to me because I wouldn't feel comfortable depending purely on luck.

If you were to ask me whether I'd be willing to put $50 or even $100 on a real-life gambling event, I might consider it but I wouldn't do the same for slots.

The reality is that every single bet you make with a casino is based on luck, and the odds are against you.

It doesn't really matter if it is slots, poker, sports, etc. The odds are against you, maybe in some games you can diminish this disadvantage, but you will probably never have the chance to bet on something where you have a slightly better odd than the casino. The casino would simply not offer that bet.

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Quote from: Westinhome on August 07, 2023, 01:28:13 PM

Quote from: klidex on August 06, 2023, 03:41:33 PM

Yes, that's true, but here I am just telling you that I dont have the desire to give any advice to other people regarding using large funds just to gamble or play slots.
Actually it quite simple as I said the first time with you that it better to use a small budget to bet with a minimum amount and enjoy each of your bets and not have to worry when one day you get lucky it will be very easy to reach maxwin.
It just a suggestion, when you get a win, regardless of the amount, it better to withdraw half or what percentage and use the rest as a gambling budget the next day.

Some people taking risk to play slot games with high funds,but it's not the good move by the gamblers.Because slot game will give huge profit or full loss.So it's better to gamble with the average amount of money as compared to high at same time.

To be honest, I've never invested a lot of money in slots. It's usually just a few dollars spent for fun, nothing more. Since slot machines rely purely on luck there's no way to control your luck, and I can't see myself risking a hugfe amounts of money on them. People who wager large sums on such bets seem crazy to me because I wouldn't feel comfortable depending purely on luck.

If you were to ask me whether I'd be willing to put $50 or even $100 on a real-life gambling event, I might consider it but I wouldn't do the same for slots.

masulum

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hmph..

Quote from: rahmad2nd on August 06, 2023, 03:34:43 PM

Well, as you say, and it has a point. preferably, try to get used to first checking the live RTP before we play slot games. despite the fact, in my experience it doesn't help much. but at least, we know if the games where the RTP is good. but in the end, it all comes down to our luck. if we are lucky, we usually don't need a long time during the betting session. actually slot games are fun and quite entertaining, it's just that after all we have to have certain limitations so that we don't spend too much time in the game, which in the end can cause us a lot of losses.

When actively playing slots 2 years ago, I prefer to play at BK8; however, they do not provide information about the Live RTP for each game. So, I play without considering the RTP. Even though I play without knowing the Live RTP, sometimes I get the sensation of hitting the max win at different times but mostly at 10-23 pm UTC+7. Perhaps if someone knows where to check it, maybe you can share, so we can try to check how effective live RTP is.

madnessteat

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Quote from: Westinhome on August 07, 2023, 01:28:13 PM

Quote from: klidex on August 06, 2023, 03:41:33 PM

Yes, that's true, but here I am just telling you that I dont have the desire to give any advice to other people regarding using large funds just to gamble or play slots.
Actually it quite simple as I said the first time with you that it better to use a small budget to bet with a minimum amount and enjoy each of your bets and not have to worry when one day you get lucky it will be very easy to reach maxwin.
It just a suggestion, when you get a win, regardless of the amount, it better to withdraw half or what percentage and use the rest as a gambling budget the next day.

Some people taking risk to play slot games with high funds,but it's not the good move by the gamblers.Because slot game will give huge profit or full loss.So it's better to gamble with the average amount of money as compared to high at same time.

I don't understand the point of your argument. Each gambler has the right to decide for himself how big will be his bet and bankroll. In my opinion, the probability of winning depends more on luck on any given day. There have been cases in the history of gambling when a person who came to the casino won on 2-3 spin a tidy sum, and there are cases that experienced players with a solid bankroll lost all the money.

Lucasgabd

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There's no need to be upset

Quote from: panjul07 on August 06, 2023, 08:50:54 AM

Quote from: Lucasgabd on August 04, 2023, 10:27:36 AM

at least online ones are usually provable fair, you have ways to check the code and verify, I wonder if the real machines irl are the same way or not
do you have any idea about that?

Not all online slots are provably fair, out of hundred slot provider, perhaps no more than 5 providers use provably fair system where there is a way to verify your bets.
I have never touched real slot machines, but I believe it is mostly the same where there is no way to verify your bets.

Quote from: Betwrong on August 06, 2023, 07:25:48 AM

Quote from: swogerino on July 30, 2023, 09:27:12 AM

I just experienced this again while I was playing with bonus money I get from sport betting again,this time it happened again and mostly it happens with Pragmatic Play,I played Sweet Bonanza and I played well over 500 spins without getting a bonus round although this slot gives you money by normal spins by keeping you playing longer so if anyone wants to increase their wagering they should play slots like this one.

The same can be said to Play n GO,Hacksaw Gaming and No Limit City,they give the bonus round so rarely lately that something must have uniquely changed from these providers,one thing is sure they are losing customers as I see in the Stake chat people asking how are Pragmatic slots today meaning they did not trust them that much anymore.

It's an interesting observation. Thanks for sharing! If many people keep saying that, then maybe there is a reason. Sooner or later, the truth will come out, and it will be a big conspiracy scandal, if true. I just heard from a guy from the industry that they legally can't change RTP whenever they want, without reporting to regulators and showing it in the slot description.

Talking about the low frequency of bonus round, basically it may happen in all providers when you are in your bad luck.
Some people may not hit bonus round in one specific game/provider after 1000 spins but some other people may hit few times bonus round at the same time.
I had a time where I play slot game from Pragmatic with my friend IRL.
We played the same game at the same time, with the same bet amount and in the same casino (local casinos).
What was the result? I can say that the result is something different, my friend got more wins with more bonus round while I got more loss spins and less bonus round.

that, on offline systems it must be even harder to verify the machines
do you think on online ones why some aren't provably fair?
difficulty to make it transparent or something to do with providers wanting to have an even bigger edge?

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Quote from: klidex on August 06, 2023, 03:41:33 PM

Yes, that's true, but here I am just telling you that I dont have the desire to give any advice to other people regarding using large funds just to gamble or play slots.
Actually it quite simple as I said the first time with you that it better to use a small budget to bet with a minimum amount and enjoy each of your bets and not have to worry when one day you get lucky it will be very easy to reach maxwin.
It just a suggestion, when you get a win, regardless of the amount, it better to withdraw half or what percentage and use the rest as a gambling budget the next day.

Some people taking risk to play slot games with high funds,but it's not the good move by the gamblers.Because slot game will give huge profit or full loss.So it's better to gamble with the average amount of money as compared to high at same time.The experienced gamblers will skip this option and bet on many as compared to the single one.It's reason for the experienced gamblers was sustain for the longer period as compared to the new gambler do for the short and quit the gambling with some loss.The experience is needed one in all set of money was played his major role,they are trading of cryptocurrency,Stocks and the Gambling.

klidex

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Quote from: maydna on August 03, 2023, 08:50:02 AM

Quote from: klidex on August 02, 2023, 02:40:29 PM

Quote from: maydna on July 29, 2023, 07:04:19 AM

~snip~

Slot games are one of easiest games for anyone to play and to increase the number of bets, it better to consider your balance. If you have a small budget, it better to use the minimum bet amount or the smallest bet, but if you are using a larger budget, maybe you can slightly increase the bet amount. but always remember this easy game is very dependent on your luck and otherwise you will lose faster your balance will be sucked up in a short time.
But usually I use the method of raising the bet amount and returning a small amount to lure the scatter to come up for a bit of a big multiplier opportunity.
But all that is not a guarantee

There is no doubt that slot games are gambling games that are easy to play. But because it is an easy gambling game, many people like playing slots so much that they spend a lot of money just to get or hit the jackpot. And many people have lost a lot and spent a lot of money, but that still doesn't stop them from continuing to play slots. And it is not recommended to use a budget that is too large because it is feared that you can use it all just to win big wins. If we can limit the use of money, we don't need to run out of money after playing slots because we still have money to play slots another day.

Yes, that's true, but here I am just telling you that I dont have the desire to give any advice to other people regarding using large funds just to gamble or play slots.
Actually it quite simple as I said the first time with you that it better to use a small budget to bet with a minimum amount and enjoy each of your bets and not have to worry when one day you get lucky it will be very easy to reach maxwin.
It just a suggestion, when you get a win, regardless of the amount, it better to withdraw half or what percentage and use the rest as a gambling budget the next day.

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Quote from: dimonstration on August 06, 2023, 11:52:12 AM

Quote from: swogerino on August 06, 2023, 11:43:28 AM

~~

500 spin without bonus is really weird especially on Pragmatic or Play’n go that usually gives bonus with just spin below 100. This is the reason why checking the live RTP sometimes helpful to avoid slots that are being cold by checking the live RTP change on monthly, weekly and daily basis. Casino like Bitcasino usually provides this in for players to have an idea on what’s the current winning rate condition of specific slot game.

If the slot game doesn't give even free spins, even though we have done more than 500x spins. better leave the game, because usually the games we play are not friendly or fun to play. and don't be surprised if in a Pragmatic Play game, such things are not something that is impossible to happen. although usually cases like this are rare. but if you refer to my personal experience, I have experienced it.
on the contrary, in 100× spins I've gotten so many free spins. so I think this is where slot games are unique, every game we play is difficult for us to guess.

Well, as you say, and it has a point. preferably, try to get used to first checking the live RTP before we play slot games. despite the fact, in my experience it doesn't help much. but at least, we know if the games where the RTP is good. but in the end, it all comes down to our luck. if we are lucky, we usually don't need a long time during the betting session. actually slot games are fun and quite entertaining, it's just that after all we have to have certain limitations so that we don't spend too much time in the game, which in the end can cause us a lot of losses.

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Quote from: dimonstration on August 06, 2023, 11:52:12 AM

Quote from: swogerino on August 06, 2023, 11:43:28 AM

From that moment when I said that things have changed,I don't know if it is just a coincidence but soon after not longer than the other day after that I saw at least some persons hitting those max wins in the Pragmatic Play well known slots like Sweet Bonanza and a couple of other slots.Of course the slot description is something unique which can identify how much the slot is going to give back in the RTP but that also means that this RTP takes sometimes one hundred millions spins before reaching out to that spot of the slot machine,pretty complex programming that is why they are the most successful game in every casino.

500 spin without bonus is really weird especially on Pragmatic or Play’n go that usually gives bonus with just spin below 100. This is the reason why checking the live RTP sometimes helpful to avoid slots that are being cold by checking the live RTP change on monthly, weekly and daily basis. Casino like Bitcasino usually provides this in for players to have an idea on what’s the current winning rate condition of specific slot game.

Yeah unfortunately not all casinos use that so I do not if the slot is in a hot or cold condition as they say so I am throwing my self in in total randomness,not the best way to go and try a slot machine but anyway as long as providers like Pragmatic lets you buy the bonus directly I can bypass the 500 spins without bonuses which has been in slots like Big Bass series which the bonus falls very easily on reels there,it is difficult to win anything though most of the times through the bonus play there,yet when they don't give it in 500 or more spins something is definitely wrong with the slot machine in my opinion.

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Quote from: swogerino on August 06, 2023, 11:43:28 AM

From that moment when I said that things have changed,I don't know if it is just a coincidence but soon after not longer than the other day after that I saw at least some persons hitting those max wins in the Pragmatic Play well known slots like Sweet Bonanza and a couple of other slots.Of course the slot description is something unique which can identify how much the slot is going to give back in the RTP but that also means that this RTP takes sometimes one hundred millions spins before reaching out to that spot of the slot machine,pretty complex programming that is why they are the most successful game in every casino.

500 spin without bonus is really weird especially on Pragmatic or Play’n go that usually gives bonus with just spin below 100. This is the reason why checking the live RTP sometimes helpful to avoid slots that are being cold by checking the live RTP change on monthly, weekly and daily basis. Casino like Bitcasino usually provides this in for players to have an idea on what’s the current winning rate condition of specific slot game.

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Quote from: Betwrong on August 06, 2023, 07:25:48 AM

Quote from: swogerino on July 30, 2023, 09:27:12 AM

Quote from: Betwrong on July 30, 2023, 06:23:17 AM

~

I just experienced this again while I was playing with bonus money I get from sport betting again,this time it happened again and mostly it happens with Pragmatic Play,I played Sweet Bonanza and I played well over 500 spins without getting a bonus round although this slot gives you money by normal spins by keeping you playing longer so if anyone wants to increase their wagering they should play slots like this one.

The same can be said to Play n GO,Hacksaw Gaming and No Limit City,they give the bonus round so rarely lately that something must have uniquely changed from these providers,one thing is sure they are losing customers as I see in the Stake chat people asking how are Pragmatic slots today meaning they did not trust them that much anymore.

It's an interesting observation. Thanks for sharing! If many people keep saying that, then maybe there is a reason. Sooner or later, the truth will come out, and it will be a big conspiracy scandal, if true. I just heard from a guy from the industry that they legally can't change RTP whenever they want, without reporting to regulators and showing it in the slot description.

From that moment when I said that things have changed,I don't know if it is just a coincidence but soon after not longer than the other day after that I saw at least some persons hitting those max wins in the Pragmatic Play well known slots like Sweet Bonanza and a couple of other slots.Of course the slot description is something unique which can identify how much the slot is going to give back in the RTP but that also means that this RTP takes sometimes one hundred millions spins before reaching out to that spot of the slot machine,pretty complex programming that is why they are the most successful game in every casino.

panjul07

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Quote from: Lucasgabd on August 04, 2023, 10:27:36 AM

at least online ones are usually provable fair, you have ways to check the code and verify, I wonder if the real machines irl are the same way or not
do you have any idea about that?

Not all online slots are provably fair, out of hundred slot provider, perhaps no more than 5 providers use provably fair system where there is a way to verify your bets.
I have never touched real slot machines, but I believe it is mostly the same where there is no way to verify your bets.

Quote from: Betwrong on August 06, 2023, 07:25:48 AM

Quote from: swogerino on July 30, 2023, 09:27:12 AM

I just experienced this again while I was playing with bonus money I get from sport betting again,this time it happened again and mostly it happens with Pragmatic Play,I played Sweet Bonanza and I played well over 500 spins without getting a bonus round although this slot gives you money by normal spins by keeping you playing longer so if anyone wants to increase their wagering they should play slots like this one.

The same can be said to Play n GO,Hacksaw Gaming and No Limit City,they give the bonus round so rarely lately that something must have uniquely changed from these providers,one thing is sure they are losing customers as I see in the Stake chat people asking how are Pragmatic slots today meaning they did not trust them that much anymore.

It's an interesting observation. Thanks for sharing! If many people keep saying that, then maybe there is a reason. Sooner or later, the truth will come out, and it will be a big conspiracy scandal, if true. I just heard from a guy from the industry that they legally can't change RTP whenever they want, without reporting to regulators and showing it in the slot description.

Talking about the low frequency of bonus round, basically it may happen in all providers when you are in your bad luck.
Some people may not hit bonus round in one specific game/provider after 1000 spins but some other people may hit few times bonus round at the same time.
I had a time where I play slot game from Pragmatic with my friend IRL.
We played the same game at the same time, with the same bet amount and in the same casino (local casinos).
What was the result? I can say that the result is something different, my friend got more wins with more bonus round while I got more loss spins and less bonus round.

Betwrong

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Quote from: swogerino on July 30, 2023, 09:27:12 AM

Quote from: Betwrong on July 30, 2023, 06:23:17 AM

~

I just experienced this again while I was playing with bonus money I get from sport betting again,this time it happened again and mostly it happens with Pragmatic Play,I played Sweet Bonanza and I played well over 500 spins without getting a bonus round although this slot gives you money by normal spins by keeping you playing longer so if anyone wants to increase their wagering they should play slots like this one.

The same can be said to Play n GO,Hacksaw Gaming and No Limit City,they give the bonus round so rarely lately that something must have uniquely changed from these providers,one thing is sure they are losing customers as I see in the Stake chat people asking how are Pragmatic slots today meaning they did not trust them that much anymore.

It's an interesting observation. Thanks for sharing! If many people keep saying that, then maybe there is a reason. Sooner or later, the truth will come out, and it will be a big conspiracy scandal, if true. I just heard from a guy from the industry that they legally can't change RTP whenever they want, without reporting to regulators and showing it in the slot description.

Lucasgabd

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Quote from: bayu7adi on August 03, 2023, 11:02:34 AM

Quote from: Jossque on July 30, 2023, 08:26:39 AM

The slot algorithm works very differently. I must say that we could not get out of it while discussing it with friends;
After showing great promises and earnings to people who are deposited at certain times and who deposit less than the money earned by the site, it can be possible for them to increase their enthusiasm to win later and then deposit large amounts of money and take them to the brink of bankruptcy.
In such a situation, we can once again see the importance of stopping yourself, after you win good money from a slot game, you need to keep some of it for yourself and continue with the remaining money and then if you cannot multiply this money, you should not try your luck for a long time.
Otherwise, the site starts to eat your money with the hope that it will win every time you spin a slot.

Indeed, it's not too dissimilar. In my country, online slot machines promoted through social media employ algorithms that are not entirely equitable. Every individual making a deposit is granted a single chance to obtain returns of x2 or even x3 of their initial stake.

Nevertheless, as the game prolongs, a continuous stream of losses awaits the players. These slot machines always furnish false hopes to the players. By bestowing initial victories, they instill a belief of fair play, all the while concealing the artful psychological tactics at play.

at least online ones are usually provable fair, you have ways to check the code and verify, I wonder if the real machines irl are the same way or not
do you have any idea about that?

yes, in the long run the odds are against you, that's why the best way to play is stopping after a big win.

Topic: do you lose on slots? - page 22. (Read 6821 times)