Topic: Provably fair RTP ? (Read 465 times)

Exactly! Of course it doesn`t mean that everyone wants to deceive you, but only that you can`t be sure that someone tells the truth about thing that you don`t understand. In the everyday life it doesn`t big problem but in cryptocurrencies everything changes very fast and often you need to decide "right now". And you can choose to believe someone, who has good recommendations from other people with good recommendations or to believe yourself.
PS. Of course it doesn`t mean that you don`t need to do some research.

Among all those who use cryptocurrencies, there are not so many programmers who have experience in deciphering other people's codes and searching for bugs.  Such specialists are among the most valuable and in demand all over the world.  And by the way, they have very good salaries.  But an ordinary person, even if he uses cryptocurrency, is still powerless to understand what is in the code, where he can be deceived and what this will lead to.  So it remains only to trust the experts.  However, they can also be deceiving. 
Everything is confused in our world, one hope is your intuition. 
Well, about the experience, too, of course.

I had also been wondering about RTP and about Provably Fair, but I also think that Provably Fair is configured according to the RTP offered by the casino, since RTP is totally independent from Provably Fair because casinos can configure it, in fact the RTP in some threads of the forum has been commented a lot, because obviously we as players are attracted by the opportunities to win and that is something that is included in all, however for me, there must be a balance in everything, for me the Porvably Fair is the best, it is obvious that the house will always have the advantage, still one can win.

I know the Covid pandemic worsened the quality of education in some countries, I'm so sorry for you, kids shouldn't miss geography lessons because it seems, you have not seen other countries on the map like Malta, Cyprus, Lithuania, Estonia. And you don't know that these countries are the top jurisdictions for online gambling too. Since there wasn't strictly mentioned Crypto Casinos, I took this as a general question and be glad for the answer.

Then why do you gamble there? You say yourself that a Curacao license is meaningless and I agree with you but, even if casinos with Curacao licenses show you the real-time RTP, does it matter? It can be absolutely fake since as you say, the are not regulated. Now you are against your own question, you know the answer but still ask the question.
Check this thread: https://bitcointalksearch.org/topic/m.49253796

You`re right that there are a lot of ways to check software and you wrote right and possible decisions. But let try an example - i`m bad programmer and can`t check the difficult code. So the OpenSourse can`t help me. Ok, i see thousand feedbacks from different cool programmers that i don`t know and, for example, even Elon Mask. It looks strong, but i have to believe these people. It looks like paranoia, but this is just example that anyway we need to believe someone if don`t skilled enough.

Yep there is a big difference between RTP and volatility, and I believe there is a big relationship between these two mathematical measurements when it comes to slots.

The volatility refers to the likeliness of the slot to return the player's money that is associated by the risk depending on the volatility level of the slot. The higher the volatility, the less chance that you win, but big hits is most likely. On the other hand, less volatile slots means that you'll be winning more often however only by lots of small wins.

I wouldn't explain RTP.
I believe that volatility highly affects the RTP a lot.
So I believe it is a wise decision if you switch slots after you win early when you hit a big win or you had series of small wins in which already put you in profit. Through that, the RTP of the game won't be hunting you (theoretically).

Above all, since slots are based on RNG plus the house has the edge, expect that you'll not win over the house if you play almost non-stop. So be disciplined and set algorithms on your self when you play slots.

I think all casino uses a software and there are different kinds of software. Even this forum that we are using now also uses a software. If the casino don't use a software then how can the website be completed?

We have old sites and they are more trusted even if some of them didn't totally show the software that they are using but I think they have a reason for doing that and that must be a private thing already. We should not think that they are shady because they did that and if they are really shady then how can they stay relevant for such a long time? Not all have the money to create their own gambling site, that is why some people remains to be a casino player.

I also think that RTP or promotion is not too important because it will return to our level of luck when playing gambling. If we are really lucky, and the casino doesn't have a high RTP or the casino is cheating us, we can still win. But maybe we can also choose a game that has a large RTP and can get a promotion or bonus before we play so that it can increase our balance. So whatever it is, RTP or promotion, it will be useful for gamblers who want to get more balance.

Being a casino player,you should analysis your own way of approach.Because using of software for the casino is not the wise option.Instead you can inverse huge money on gambling sites and make use of your own casino to win the game.The software may give u few help.But we should not use it fully for analysis casino.

very rare that you will encounter a gambler looking for the RTP details. most is they are looking for reputable casinos which are not screwing their players. so if the casino has fairly decent reputation, their players are just contented and not bothering about their RTP. even high rollers won't ask this if they are pretty confident to the casino. i guess, we all know that if we start asking this feature from the casino owners, are we going to receive prompt answers from them? it will be a long road if we ever tried this path. so for me, just waste your time looking for reputable ones and read their active feedbacks rather than focus on this particular aspect.

Hence there is a reason why SOME platforms tend to be redflagged especially when their SYSTEM is either not open-source or their players' testimonies often were MORE of a losing experience than a winning one. Platforms (whom always were successful), tends to disclose their game's back end since it can help them receive contributions from the community whilst some also shows their RTPs whereas players with experiences knows the difference between a 96%RTP over a 95%RTP.

Some people was really into the RTP since they might be a big time gambler but for someone like us who doesn't gamble too much and find it as an entertainment it doesn't bother us that much about whether the RTP is accurate or not and I think even if it is not accurate most people still would play in those slots that was given by the reputable game providers.

ya.ya.yo!

I'm not sure we can detect the accuracy of the RTP because we might find a number that is different from what the casino advertises. Maybe it could be bigger or even smaller than advertised. But will that make us leave that casino and look for another one that can match our calculations? I think it will just be a waste of time and make us unable to play and instead busy looking for and checking the RTP. I don't know how to check the RTP and just leave it to the casino because I just want to play a lot of games.

What was the RTP of the provably fair casino games? I am not sure if I understand it correctly but does the RTP only works in slots games or casino games from third party games provider? There is no way we can check if the RTP is really true based from what they advertise.

It seems no one is really asking seriously from the casinos about this aspect.
Hence, for them there is no need to put those audit links.
But if maybe one user will sincerely ask this to a known casino,
they may possibly assist the user but expect that it will take time as this is not their everyday request from their players.

I don't think that you can do that deterministically.

You can only test the hypothesis that RTP is actually x % and seeing what percentage chance it is for the current string of events to have occurred.

Short term variance can completely skew results anyway and we'd have to essentially trust the software suppliers as well as government regulators to do the right thing, which is why I'm not particularly sold on these non-provably fair slots.

The point here is whether the one who needs to know the live RTP is a few spins or a much spins player.
So, who benefits from the RTP someone who makes a lot of spins or the recreational player who sits makes a few spins and boom 1000x.

This one goes away and comes back in a few months or days, but the other one is continually spinning, so yesterday it saw a 96% RTP and today it sees a 98% RTP on the same game, the RTP puts it in a long-term losing range known, then what you need is to know the boom to stay away from losses.

The point is (classic example, yes, but sorry I need it for my context) let's say you have $100 you do 100 spins with an RTP of 95% the house takes $5 and in theory you should take $95, but curious you can take $200 or zero dollars ($0), basically because slots are fun, losing $5 (example) to win a big prize is what makes slots so successful.

Now I understand the point of manipulation, it sucks, but even a machine that claims to have 96% RTP, at a given moment can have an RTP of 94% and can have another say 98% and it is not being manipulated.

Anyway, slots is fun one day you are happy winning another day just spins... a live RTP can have a patience effect, like putting time on traffic lights, it has been shown that a traffic light with a timer de-stresses drivers , a live RTP can be counterproductive.  
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The review of third parties not linked to the casinos should provide confidence that the mentioned RTPs work, so it should be verified if they at least have certificates issued by the E-Cogra, which means "E-Commerce Online Gaming Regulation and Assurance" and/or "Gaming Associates" that are responsible for audits.

https://gamingassociates.com
https://ecogra.org

There are lots of people that has the skill to analyze the code to see if the code are legit or not.... the thing is, the piece of code that are used for this, must be Open Source and it must also make sure that the entry or entries within the Proprietary code that it queries... must be verified. (It should not link to a false entry within the software)

So there should be some standard OpenSource add-on that can be installed as a plugin option to "Verify" and "Report" the RTP that are configured for that software.

The casino can then receive a "Blue Flag" status.. to say that all their games are running the software and RTP's can be verified. Not just a label that says "Provably Fair".... but a actual link to the review / audit site that manage this.  

I think that the problem will be(even it is possible of course) that the testing software would be written by people. And we again don`t know is it true test or this dev programmed the result that some casino need. Just someone who is skilled in the programming can test it, but the test is true for him. And the others have to decide can they believe him or not.

This is a feature that "users" must demand.... not something that the industry will provide. The RTP are used to manipulate the income for the Slot providers and the casinos and the RTP value at any given moment are not transparent to the clients. They will show you a RTP that are provided by the Slot provider, but that RTP is variable and they have more than 1 RTP value to play with.

The in-house games have a mystery RTP.... because they will tell you that it is say 2% house edge.. but when you play that game, you will soon see that the RTP being shown are nowhere close to the RTP being used. (The casinos might have a bonus promotion ...and a few days before that, they will change that RTP to fund the rewards for that promotion) <== Speculation

It will be good for transparency, if the gambler/client can verify at all times..what the active RTP for the games are.. at any given time. This will build trust and it will reduce the moaning and groaning and complaints that we see plastered on social media and in-game chats.