Evolution — report for Q3 (HOW THEY EARN THAT MUCH?)

Betwrong

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Quote from: goldkingcoiner on November 13, 2023, 12:18:47 PM

Quote from: Betwrong on November 13, 2023, 06:48:20 AM

~

Well, unregulated casinos are unfair and sketchy. I cannot believe that they are allowed to do keep existing without any consequences... Is it perhaps a grey area of the law or is law enforcement just so bad/corrupt in that country that they simply refuse to do anything against someone running an obviously bad business practice?

But I agree, people who fall for fake advertisements and sketchy casinos are at fault. If they get scammed then that is what they were heading towards in the first place. It is very hard to have any kind of sympathy with people like that.

What we can definitely say that Evolution is not one of them unregulated firms. They do fair business and that's why so many casino operators trust them.

Btw, I think those sketchy casinos are not successful in the end. It's advantageous to be honest in your business these days.

Wexnident

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House edge, and a lot of gamblers I guess. Do you have any numbers for the number of casinos that they provide their live games for? From their site, it said about 600 operators and they provided a small list of said operators, but not really familiar with most of what I was shown. If said operators were to have a rather solid user base, I reckon it wasn't that out of the picture for them to earn such an amount. Add to that the tricks that they employ according to other users, then I guess it just looks natural at that point. Quantity over, well, idk what quality there is to be expected from others really since they all look/feel the same, so I guess it's really just quantity.

so98nn

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Quote from: serveria.com on October 27, 2023, 04:17:47 PM

Quote from: vennali on October 27, 2023, 01:41:18 PM

They don't really need to rig their games to profit as you know "house always wins". A lot of user funds are being liquidated into games at the same time. As they have commission for every game that exists, from about 5% to 20% or even more for slots?. As long as users stay active on the casino, they should theoritically always profit. Other than a few freak instances, for which, the casinos have failsafe(to an extent). If a user is winning a lot, most casinos will just shut doors to the user or even confiscate funds if they find anything even remotely fishy. Ofcourse, rigging games would help to profit much larger than what would be otherwise possible but if could get very obvious if the total amount gambled on the casino and their revenue are transparent to gaming commission.

This. I fully agree, you don't have play unfair to earn lots of money in gambling. Besides, they are one of the leading live gaming stream providers I guess. And yes, the house always wins that's pure math, so I can't see the way they can record losses.

I think they will show the losses based on how much users have won equally. I mean as we know there is House edge that is fixed for every game, and it’s never 100% because that would make every user lose on every bet they play. So anything that is not house edge is simply a loss for casino. However, on accounting sheet that’s gonna be just tiny matter calculated against revenu, expenses, salaries and anything that they could literally record on balance sheet. No wonder, they will all the time because that’s the script and math. What matters a lot is they have to manage that much funding in the casino wallet all the time. They can’t dilute everything at once so they have funds locked up always.

goldkingcoiner

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Quote from: Betwrong on November 13, 2023, 06:48:20 AM

Quote from: goldkingcoiner on November 06, 2023, 12:00:50 PM

~ But some casinos do sometimes take it too far and lower your odds of winning even more without giving you notice, but this will usually only happen to unregulated casinos which have their headquarters in some corrupt third world country. Luckily, with some DYOR, that can be easily avoided.

It's forbidden by regulators to do it. A company of the level of Evolution will certainly not lower your odds without a notice. There so many regulated casinos that I don't know why some people are still playing on unregulated ones. Is it the "profitable games" they are attracted to? Unbelievable bonuses? It's their own fault they are scammed then.

Well, unregulated casinos are unfair and sketchy. I cannot believe that they are allowed to do keep existing without any consequences... Is it perhaps a grey area of the law or is law enforcement just so bad/corrupt in that country that they simply refuse to do anything against someone running an obviously bad business practice?

But I agree, people who fall for fake advertisements and sketchy casinos are at fault. If they get scammed then that is what they were heading towards in the first place. It is very hard to have any kind of sympathy with people like that.

AbuBhakar

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Quote from: shield132 on November 13, 2023, 07:02:05 AM

Quote from: jordanw21 on October 31, 2023, 07:39:25 AM

I'm just wondering how it works. People always loosing even in a big distance so they keep having such great numbers?

I understand, that if I'll win big summ in crazy time by catching x1000, operator won't pay to evolution nothing this month. But what about next month? Don't they suppose to have negative carryover agreement? A lot of casino operators have such things with afilliates to share risks.

It doesn't matter for Evolution how much gamblers win or lose. It's simple as ABC: Evolution gaming offers you space for studio, tables, dealers, shufflers, cards, monitoring, security, user interface, backend side, teamleaders, their supervisors, etc, etc... Evolution offers this service and asks you to pay fixed money for them. It's not different from renting an apartment where you pay monthly for 100 square meter while you are not responsible for earthquakes or other damages that may affect house where you live.
This is why for Evolution it doesn't matters how much someone wins or loses, they get paid for offering the service and capital is on casino. Casinos pay for rent and pay for win/loses. Evolution games are 100% fair and honest.

This is the opposite, Evolution gaming is the one renting on the casino to broadcast their games in exchange for profit sharing. All the bets is handled and settled directly by evolution gaming same with other game provider like on slot.

The game provider itself get the profit and they just payout to the casino account use by the player. Evolution gaming rely on their games house edge to guarantee win against players in the long run. It’s not really they are just renting their service to the casino but the other way around.

shield132

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Quote from: jordanw21 on October 31, 2023, 07:39:25 AM

I'm just wondering how it works. People always loosing even in a big distance so they keep having such great numbers?

I understand, that if I'll win big summ in crazy time by catching x1000, operator won't pay to evolution nothing this month. But what about next month? Don't they suppose to have negative carryover agreement? A lot of casino operators have such things with afilliates to share risks.

It doesn't matter for Evolution how much gamblers win or lose. It's simple as ABC: Evolution gaming offers you space for studio, tables, dealers, shufflers, cards, monitoring, security, user interface, backend side, teamleaders, their supervisors, etc, etc... Evolution offers this service and asks you to pay fixed money for them. It's not different from renting an apartment where you pay monthly for 100 square meter while you are not responsible for earthquakes or other damages that may affect house where you live.
This is why for Evolution it doesn't matters how much someone wins or loses, they get paid for offering the service and capital is on casino. Casinos pay for rent and pay for win/loses. Evolution games are 100% fair and honest.

Betwrong

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Quote from: goldkingcoiner on November 06, 2023, 12:00:50 PM

~ But some casinos do sometimes take it too far and lower your odds of winning even more without giving you notice, but this will usually only happen to unregulated casinos which have their headquarters in some corrupt third world country. Luckily, with some DYOR, that can be easily avoided.

It's forbidden by regulators to do it. A company of the level of Evolution will certainly not lower your odds without a notice. There so many regulated casinos that I don't know why some people are still playing on unregulated ones. Is it the "profitable games" they are attracted to? Unbelievable bonuses? It's their own fault they are scammed then.

wiss19

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Quote from: Hewlet on November 07, 2023, 02:19:05 AM

Quote from: so98nn on October 29, 2023, 10:18:41 AM

More or less this is bulk business. You take less profits but you take it from huge crowd all around the globe. It’s like collecting a cent from millions through channel partners and distributors. I think that tells us why Evolution has that much revenue generated every month. Being moderator on one of the micro tasking site I can confirm that these numbers are easy to earn if you have proper planning, marketing road map and most importantly huge crowd to target. Any website that has embedding structure where their wall can be integrated with other sites has easy access to their clients. In this case it’s obvious that Evolution only have to target the premium entities that have good number of crowd. Crazy Money.

no doubt, you just gave a good analysis here! With the right marketing system and focusing on the a massive audience, even if you are only able to make a penny from a single individual and you multiply it with the millions of audience at your disposal, the amount you are referring to becomes very much feasible and yes, it's very possible that there games are not rigged but might be as fair as possible.

I think I haven't seen their brand being promoted across the web but maybe they only did that in the past, during their early existence and they decided to stop it this time because they are already popular. All casino's that support's provider games always have them.

And lot's of gamblers are playing their games. It is like they are the leader when it comes to live casino games. I don't even think they are only making a small amount here. Add in the massive audience they get, I wouldn't be surprised about how massive this company is earning nowadays, especially now that online gambling have became really known by the public. There are some people who accused them of cheating and manipulation in regards to their games but will they ever grow this huge if that was true?

Hewlet

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Quote from: so98nn on October 29, 2023, 10:18:41 AM

More or less this is bulk business. You take less profits but you take it from huge crowd all around the globe. It’s like collecting a cent from millions through channel partners and distributors. I think that tells us why Evolution has that much revenue generated every month. Being moderator on one of the micro tasking site I can confirm that these numbers are easy to earn if you have proper planning, marketing road map and most importantly huge crowd to target. Any website that has embedding structure where their wall can be integrated with other sites has easy access to their clients. In this case it’s obvious that Evolution only have to target the premium entities that have good number of crowd. Crazy Money.

no doubt, you just gave a good analysis here! With the right marketing system and focusing on the a massive audience, even if you are only able to make a penny from a single individual and you multiply it with the millions of audience at your disposal, the amount you are referring to becomes very much feasible and yes, it's very possible that there games are not rigged but might be as fair as possible.

goldkingcoiner

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Quote from: jordanw21 on October 26, 2023, 04:16:03 AM

I have question - how do they make that much money if their games are fair?

I mean, all of this videos of their rigged game shows, blackjacks...I'm about to think that all of them are true

Depends on what understand the termed of "rigged" as. Is something considered rigged if everyone knows its rigged and the casino even tells you its rigged?
The reason I say this is because all gambling games have something called a house edge. The probability of the casino winning your money is higher than the probability of you winning the casino's money. It has to be this way, otherwise casinos would not work in the first place. They would not even be casinos but rather give-away platforms.

But some casinos do sometimes take it too far and lower your odds of winning even more without giving you notice, but this will usually only happen to unregulated casinos which have their headquarters in some corrupt third world country. Luckily, with some DYOR, that can be easily avoided.

ryzaadit

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Quote from: Saint-loup on November 03, 2023, 05:55:47 PM

-snip-

But also, don't forget

With just a one-two bet win. Your balance can go up like crazy, these typical game are really drain-out money but once we got the short moment at least 1-3 win money we are loses can even get back or maybe profit a lot.

Back to the topic, well (Evolution-Games) are software-provider more casino use their service more revenue they can get. They're nothing to lose, because selling the system + most casino using their service.

About rigged game, IMO only a live-games provably have a break-motor meanwhile on the other game like card game just bad RTP for us esepcially while there has some bot as well.

Betwrong

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Quote from: noormcs5 on October 30, 2023, 03:06:22 AM

Quote from: Betwrong on October 30, 2023, 02:42:42 AM

Quote from: jordanw21 on October 26, 2023, 04:16:03 AM

~

Their games are fair in the sense that they officially have an advantage over players, and they are not hiding it. Their profit is only telling us about how many gamblers are using their products, I don't understand why do you think it implies they are cheating. Like other people said in this thread, they don't need to cheat because they are making big money legally. Why risk your license?

Acknowledging your point and also the rigged casino may not be able to gather so much revenue as compared to the honest and trusted casinos.

Also if a casino is rigged you will not find it in mainstream media telling about it that how much they have earned over the time.

I don't know about " mainstream media" but surely the are sites monitoring that. A cheating game provider? What a gift it would be to them! They wouldn't miss an opportunity to write a big article about that and others would be happy to have a chance to re-post such an interesting news. It wouldn't go unnoticed, I can assure you.

Quote from: noormcs5 on October 30, 2023, 03:06:22 AM

There is no doubt that the Casino and games in question in this OP thread is legit.

I agree on this part, absolutely.

Saint-loup

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Quote from: jordanw21 on November 03, 2023, 10:07:44 AM

Quote from: Saint-loup on October 31, 2023, 12:28:25 PM

Quote from: Betwrong on October 30, 2023, 02:42:42 AM

Their games are fair in the sense that they officially have an advantage over players, and they are not hiding it. Their profit is only telling us about how many gamblers are using their products, I don't understand why do you think it implies they are cheating. Like other people said in this thread, they don't need to cheat because they are making big money legally. Why risk your license?

I agree with you, they certainly don't rig their games. But I'm not sure they are always as fair as they could be. For example when they offer games with multipliers like lightning Roulette, Baccarat, BJ, etc. Why they don't use real dices, a physical wheel or a provably fair scheme in order to draw the multipliers? They just appear on a screen and nobody knows how and when they've been draw. Using a physical or provably fair tool would prevent them from offering smaller multipliers when more players are playing, when players have made big winnings or when the remaining shoe is not in favor of the house for example.

You did a good point. This may be it. If they bring x500 multiplier to a large numbers of players, they won't earn anything.

Yes I noticed it by playing Lightning Blackjack, they were showing a very high RTP but each time I played I got losses way higher than this RTP even when I bet small stakes. I tried to really pay attention to multipliers and I observed that they were not interesting for me when I made nice streaks. I don't know if I have been very unlucky with multipliers each time I played or if they're not random in reality but the asterisk saying RTP is based on the first hand of the shoe is questioning.

wallet4bitcoin

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Quote from: serveria.com on October 27, 2023, 04:17:47 PM

This. I fully agree, you don't have play unfair to earn lots of money in gambling. Besides, they are one of the leading live gaming stream providers I guess. And yes, the house always wins that's pure math, so I can't see the way they can record losses.

I totally agree with you, it is possible for a gambling company not to incure loses, especially when the games are entirely virtual, I understand virtual products all leverage coding to exist, what happens when the company deploys codes that only permutate the profit to themselves.

Part of the reason why I don't love virtual soccer, no matter who wins what, the company must always be in profit thereby giving them all positive numbers on their balance sheet.

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Quote from: jordanw21 on October 26, 2023, 04:16:03 AM

I have question - how do they make that much money if their games are fair?

Their profit per month is 73.7666667M, le'ts imagine this is 20% of total comission...And it's shocking. Don't they suppose to have negative months, or years? Like operators have?

I mean, all of this videos of their rigged game shows, blackjacks...I'm about to think that all of them are true

Evolution is a registered public company that is regulated, but their games aren't PROVABLY fair. What this means is that you have to trust them for running the odds in their games fairly and guaranteeing randomness regardless of bet amount. Gamblers that go in crypto casinos ought to know the difference between games that are provably fair and games that are not.

Now in the case of Evolution, it's a company that is listed on the stock exchange and regulated as any company. Their games could lack fairness in how they place odds, but if you ask me, the stakes are so high and the volume of amounts gambled so high, that for them it wouldn't be worth the risk to rig the fairness of bets. In any case, the house edge of the games Evolution hosts is pretty high, so they can make easy and secure profits without having to rig anything.

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Quote from: Saint-loup on October 31, 2023, 12:28:25 PM

Quote from: Betwrong on October 30, 2023, 02:42:42 AM

Their games are fair in the sense that they officially have an advantage over players, and they are not hiding it. Their profit is only telling us about how many gamblers are using their products, I don't understand why do you think it implies they are cheating. Like other people said in this thread, they don't need to cheat because they are making big money legally. Why risk your license?

I agree with you, they certainly don't rig their games. But I'm not sure they are always as fair as they could be. For example when they offer games with multipliers like lightning Roulette, Baccarat, BJ, etc. Why they don't use real dices, a physical wheel or a provably fair scheme in order to draw the multipliers? They just appear on a screen and nobody knows how and when they've been draw. Using a physical or provably fair tool would prevent them from offering smaller multipliers when more players are playing, when players have made big winnings or when the remaining shoe is not in favor of the house for example.

Can’t argue with this. Probably they do this so that they can timing the highest multiplier to the least amount of bets which they will reward the lucky hit or else their game will be not profitable at all.

Best example is how crazy time multiplier becomes low now compared when it was initially introduced. Before, Crazy multiplier is frequently above x100 but now you can get as low as x2 even on bonus game like coinflip and pachinko which is sucks due to the probability of hitting this bonus game.

seoincorporation

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If the question is how they make that much money? then the answer is simple, just look at the business infrastructure:

https://www.evolution.com/investors/company-overview/

Quote

Our customers include more than 600 operators including the majority of tier 1 online operators and several land-based casinos.

More than 600 operators is a crazy number, in other words, they are on each corner of the gambling industry, and play it smart to put their product in the main sites.

jordanw21

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Quote from: Saint-loup on October 31, 2023, 12:28:25 PM

Quote from: Betwrong on October 30, 2023, 02:42:42 AM

Their games are fair in the sense that they officially have an advantage over players, and they are not hiding it. Their profit is only telling us about how many gamblers are using their products, I don't understand why do you think it implies they are cheating. Like other people said in this thread, they don't need to cheat because they are making big money legally. Why risk your license?

I agree with you, they certainly don't rig their games. But I'm not sure they are always as fair as they could be. For example when they offer games with multipliers like lightning Roulette, Baccarat, BJ, etc. Why they don't use real dices, a physical wheel or a provably fair scheme in order to draw the multipliers? They just appear on a screen and nobody knows how and when they've been draw. Using a physical or provably fair tool would prevent them from offering smaller multipliers when more players are playing, when players have made big winnings or when the remaining shoe is not in favor of the house for example.

You did a good point. This may be it. If they bring x500 multiplier to a large numbers of players, they won't earn anything.

Saint-loup

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Quote from: Betwrong on October 30, 2023, 02:42:42 AM

Their games are fair in the sense that they officially have an advantage over players, and they are not hiding it. Their profit is only telling us about how many gamblers are using their products, I don't understand why do you think it implies they are cheating. Like other people said in this thread, they don't need to cheat because they are making big money legally. Why risk your license?

I agree with you, they certainly don't rig their games. But I'm not sure they are always as fair as they could be. For example when they offer games with multipliers like lightning Roulette, Baccarat, BJ, etc. Why they don't use real dices, a physical wheel or a provably fair scheme in order to draw the multipliers? They just appear on a screen and nobody knows how and when they've been draw. Using a physical or provably fair tool would prevent them from offering smaller multipliers when more players are playing, when players have made big winnings or when the remaining shoe is not in favor of the house for example.

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Quote from: Sunderland on October 31, 2023, 07:54:02 AM

The Evolution games are available in almost every online casino in this world and I can say covid19 bring their company into the next level since a few yeara ago.
Crazy Time and Blackjack live games must be their main "money maker machine".
Thousand of people in this world playing it everyday.

Many people saying it rigged but i dont think the big operator such as Evo will do that. Overall they will always in profits every week.

Yeah, They don’t need to resort on rigging the game while they have the complete advantage on all of their games through house edge. They only need to have a consistent player wagering on the casino to be on the profit side while let the players enjoy the temporary winning since later on they will lose due to the game edge.

Dream catcher and Crazy time are the first live game show I knew on this provider until they developed tons of game variations not only on game shows but literally on every game type especially the lightning variant.

Topic: Evolution — report for Q3 (HOW THEY EARN THAT MUCH?) (Read 403 times)