We lose on the long run through return percentage - page 2.

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Quote from: Accardo on January 25, 2023, 04:47:34 PM

I just googled the return percentage of online casinos and saw different percentages that doesn't seem real. A slot machine can be written to pay out 98%, but its programmed to pay 90% and it's publicized that way to attract more people to play using that slot. Though one slot could be paying out that amount in the casino, yet my point is that no casino offers 100 percent payout that means if a slot pays out 94 percent for every 100 dollar bill spent on that machine the player losses 6$ to the casino. That is if you play longer times you'll lose, and we can almost never stay atop of the slot machines after long period of plays, unless you win a jackpot. Even if you win a huge amount, you can lose. They are numerous stories of people who won the jackpot and ended up spending the whole money back on the casino within a short period, 1 or 2 years, they lost the jackpot.

Isn't it?

Well math will be obviously slightly against you in long term betting in a long term, otherwise casinos wouldn't be profitable for their owners.
My way to gamble (if i play with slots) is to play few big bets and quit. I always decide the number beforehand. In other words, i am trusting my luck. And i know my luck is going to run out if i try some tactic where i try to outsmart the casino and play the long game.

So i either win or lose, i don't need to bother myself thinking if i would have lost or won the next bet when i have set my limit beforehand. I won't be chacing the jackpot. It will come to me if i am lucky enough.

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Quote from: Zackgeno96 on January 28, 2023, 11:34:23 AM

According to statistics, a casino or sports betting office should always win. But those are just statistics. And not everyone gambles with the same amounts. This is often not included in the calculations. If you keep gambling long enough, a casino will always keep winning because players rely too much on luck. That will always be the case with gambling, in the long run the luck will turn against you and then you will lose a lot of money and perhaps even go bankrupt. I think the ROI is something like 45% while at 50-50 it should be 50%.

In the long term, gaming institutions often have an advantage over players. However, keep in mind that everyone's gaming experience and budget is unique. Some players may have larger bankrolls and can afford to play for longer periods of time, but others may have a lesser budget and must be more cautious with their wagers. Furthermore, bear in mind that the ROI for gambling might vary based on the exact game or activity. It's always a good idea to make and keep to a budget for yourself, and to remember that gambling should always be done in moderation. Furthermore, never bet more than you can afford to lose. It's also critical to grasp the odds and that the house always wins in the long term. It's usually a good idea to have fun while staying within your budget.

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Quote from: Taskford on January 28, 2023, 05:30:09 AM

Quote from: maydna on January 28, 2023, 04:40:45 AM

Quote from: bitzizzix on January 27, 2023, 10:35:52 PM

We all know that casinos have very high chances of winning in the long term. The house edge tells us how much the casino will win on average. And the longer you play, the closer you will be to losing with a house edge.
and it is no surprise that the casinos have an inherent advantage in their games, the casinos don't beat the players because they are lucky, and they beat the players because the odds are in their favor. In gambling we must be mentally prepared when we lose and the point is we must be equipped with self-control so that there are limits when betting.

What you say is true because, in the end, it is the casino that will win and we shouldn't be playing gambling for too long because it can make us forget to keep control. This is why many people suffer defeat in the long run, especially if they use a lot of money. They can lose all their money if they don't decide to stop soon.

As self-controlled people, we should be able to keep ourselves from spending too much money. We also have to know that the casino is a winner in the long term. So we do not have to take too big a risk with the chance of losing all our money.

Other gambler forget about keeping theirselves stay in cool since sometimes they decide to extend their playing time because sometimes they hope to win more or recover they losses. And this is not good decision to take since we as experience if we having a bad day we are continuously losing then lose our focus that's why we do nonsense decision then bet huge since we think we can cover up those immediately, Also with winning we became greedy to think that we can earn huge that's why in the end we caught up and lose everything we earn that's why its still best to know when to quit since this is effective way to earn on gambling.

If they decide to extend their playing time, there is no guarantee they will win more or recover their losses, so it would be better if they decide to quit soon for their own good. We must have had previous experiences where we can learn from that experience so that it doesn't happen again. And if we are not swayed by the temptation to continue the game, our loss will not be much either, but it depends on how many rounds we use. And in the end, only the people who can prevent themselves from incurring bigger losses can keep their money.

Quote from: Fredomago on January 28, 2023, 06:14:42 AM

Quote from: maydna on January 28, 2023, 04:40:45 AM

Quote from: bitzizzix on January 27, 2023, 10:35:52 PM

We all know that casinos have very high chances of winning in the long term. The house edge tells us how much the casino will win on average. And the longer you play, the closer you will be to losing with a house edge.
and it is no surprise that the casinos have an inherent advantage in their games, the casinos don't beat the players because they are lucky, and they beat the players because the odds are in their favor. In gambling we must be mentally prepared when we lose and the point is we must be equipped with self-control so that there are limits when betting.

What you say is true because, in the end, it is the casino that will win and we shouldn't be playing gambling for too long because it can make us forget to keep control. This is why many people suffer defeat in the long run, especially if they use a lot of money. They can lose all their money if they don't decide to stop soon.

As self-controlled people, we should be able to keep ourselves from spending too much money. We also have to know that the casino is a winner in the long term. So we do not have to take too big a risk with the chance of losing all our money.

It's all about being responsible. If you know how to control and how to limit yourself, the chance of winning is high. The shorter you stay, the better the chance of withdrawing some decent amount of earnings. The temptation of continuing the game while winning is always inside you, and that's mostly happened to every gambler who enjoys playing the game.

Considering the H.E, in the long-run casino owner will win!

And we know that the temptation will always be beside us and will keep whispering, "we will win the next round." Only those who can really control themselves can save themselves from this temptation, even though they will return to the casino a few days later. But at least they have managed to resist the urge not to continue gambling and use even more money.

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Quote from: capedbaldy on January 28, 2023, 05:39:16 PM

Quote from: Fivestar4everMVP on January 28, 2023, 02:09:22 PM

But then, I've read stories of people who were so lucky on their first or second day of gambling, that is they won some huge amount of money running into hundreds of thousands of dollars, cashed out and never gambled returned to gambling again.
Such a person can be said to have beaten the casino, since they are no longer there for casino to win their money back from the gambler, but the sure thing is that, the casino will still make that money back from other gamblers...
But in conclusion, to beat a casino takes wisdom and luck.

I have not found gamblers after high winnings will leave gambling, the fact is gamblers still allocate at least 20% of the winnings to be played gambling again hoping for other benefits, but if the gambler can run away with his winnings then I make sure he is not a gambling addict and maybe when his luck has got high win. Whoever wins high wins must withdraw funds so that you will not lose the funds you already have.

Almost every gambler after a win won't leave withdrawing the funds. They'll keep aside little to continue gambling and I've similar experience losing the entire winning. After a win of $100 I withdrew $60 and kept the $40 to continue my wager. Here I wasn't able to win and lost the balance $40. This made me go for further deposit and wager. On continuing the similar activity lost the entire funds. Mostly this kind of activity takes place with most of the gamblers.

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Quote from: famososMuertos on January 28, 2023, 03:36:10 PM

Users don't lose, it's the rules of the game, let's start with the percentage of the house they tell you, it varies according to the game, so you assume or know that for every 100 you leave a 1% commission to the casino. (E.g.)

So as a player you have fun or try to play to hit a multiplier that takes you out of that strip.

Eventually, in the long term, if these variations do not occur in your favor, you fall at the indicated point, it is mere mathematics, hence the phrase the house never loses and the casino also depends on that long term, but it has 1% insured (for example, can be any other)

That is why the game of Poker is so popular because it allows you to be a winner in the long term, difficult, but it is more feasible to profit.

Exactly, having the term of the house always win doesn't mean that the users or gamblers will lose rather it just mean that the house has always the advantage depending on which game it is.
Just as you've mentioned with the multiplier, you'll notice that it is not always 50/50 for the house and the gambler but rather they have more. Example is when you try to play any dice game that has a times 2 multiplier but the odds will shows much lower than 50%

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Quote from: Fivestar4everMVP on January 28, 2023, 02:09:22 PM

But then, I've read stories of people who were so lucky on their first or second day of gambling, that is they won some huge amount of money running into hundreds of thousands of dollars, cashed out and never gambled returned to gambling again.
Such a person can be said to have beaten the casino, since they are no longer there for casino to win their money back from the gambler, but the sure thing is that, the casino will still make that money back from other gamblers...
But in conclusion, to beat a casino takes wisdom and luck.

I have not found gamblers after high winnings will leave gambling, the fact is gamblers still allocate at least 20% of the winnings to be played gambling again hoping for other benefits, but if the gambler can run away with his winnings then I make sure he is not a gambling addict and maybe when his luck has got high win. Whoever wins high wins must withdraw funds so that you will not lose the funds you already have.

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Quote from: BitcoinPanther on January 27, 2023, 05:32:59 PM

Quote from: KTChampions on January 27, 2023, 03:55:06 PM

To be honest, I did not understand what the essence of your question is. Gamblers lose because of the advantage (margin) of the casino. If a person suffers from gambling addiction, then no matter how much money he wins, there is a great chance that he will spend it on what he loves - gambling, that is, will lose it.
So... everyone knows this and you want to clarify once again if this is true?

True being addicted to gambling will render a person helpless and continue to gamble. So it is already given that once a player got addicted he will lose all his money due to the uncontrolled urge to gamble. But I think @OP is not talking about being addicted. I think he is saying that house edge will eat up our money in the long run of playing in the platform. Just like in a return percentage of 96% in every $100 bet. Eventually our bankroll will get depleted because there is a constant outflow of 4% from our bankroll in every $100 worth of wagering.

Well, the first question and the second are widely known to those who are generally interested in this topic. I can't figure out what the OP wanted. If he wants to refute well-known facts, then he must make some arguments, and if he expects everyone to confirm common truths, then this is very strange.

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Users don't lose, it's the rules of the game, let's start with the percentage of the house they tell you, it varies according to the game, so you assume or know that for every 100 you leave a 1% commission to the casino. (E.g.)

So as a player you have fun or try to play to hit a multiplier that takes you out of that strip.

Eventually, in the long term, if these variations do not occur in your favor, you fall at the indicated point, it is mere mathematics, hence the phrase the house never loses and the casino also depends on that long term, but it has 1% insured (for example, can be any other)

That is why the game of Poker is so popular because it allows you to be a winner in the long term, difficult, but it is more feasible to profit.

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Quote from: mm2543363580 on January 28, 2023, 12:44:50 PM

Quote from: Davidvictorson on January 28, 2023, 12:33:19 PM

Quote from: TravelMug on January 25, 2023, 09:28:51 PM

Yes, the longer we play in casino the higher the chances that the house edge will caught on us.

That's why you will hear others advising that once you won already, don't stay long and quit and exit and live another day. Otherwise if you continue to chase and extend your luck, you might lose in the end.

For the slots, that's what you call RTP (Return to Player), but I'm sure most of us are not checking for it when we play slots, especially machine that is our favorite. As long as we are happy and enjoying that game, then we are all good win or lose.

If you play casino games online, the house always wins, but, if you visit a land based casino and sit down at a poker table, it is a matter of your level of experience as a poker player. Why? This is because your competition is not against the house but against other poker players whose sole purpose is to take your money.

In gambling the house is always the winner no matter whether you play online or visit the real casino. In the long run its the house that takes most of your money and the gamblers are the one who keep feeding these platforms. If you do gambling then keep this thing in your mind. I haven't read story of any gambler who has beaten the platform in the long run.

But then, I've read stories of people who were so lucky on their first or second day of gambling, that is they won some huge amount of money running into hundreds of thousands of dollars, cashed out and never gambled returned to gambling again.
Such a person can be said to have beaten the casino, since they are no longer there for casino to win their money back from the gambler, but the sure thing is that, the casino will still make that money back from other gamblers...
But in conclusion, to beat a casino takes wisdom and luck.

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Quote from: Awaklara on January 28, 2023, 08:33:06 AM

Quote from: Fredomago on January 28, 2023, 06:14:42 AM

It's all about being responsible. If you know how to control and how to limit yourself, the chance of winning is high. The shorter you stay, the better the chance of withdrawing some decent amount of earnings. The temptation of continuing the game while winning is always inside you, and that's mostly happened to every gambler who enjoys playing the game.

Considering the H.E, in the long-run casino owner will win!

mistakes like that are often made by gamblers. hope that the wins they have won in a short time will continue to grow for a longer time. whereas the Casino will take those winnings and more of the remaining money from the gambler.
I think every gambler thinks about it all, and it's quite difficult to control it. the gambler only plays to satisfy the passion he has for the game. even if winning in a short time, it will not give satisfaction when what they are after is satisfaction in the game.

Yup, or also in addition to that, greed mostly comes out inside of them and lead them to push for more winnings, instead of being contented and satisfied with the good run, they will continue to proceed thinking that they can outrun the house and they can continue growing their bankroll, a big mistake only be realize once all the money was already gone.

When they already lose everything back, including the actual bankroll that they've deposited, that's the only time that they will feel regrets and hope that they've stopped before things happened to them.

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Quote from: Davidvictorson on January 28, 2023, 12:33:19 PM

Quote from: TravelMug on January 25, 2023, 09:28:51 PM

Yes, the longer we play in casino the higher the chances that the house edge will caught on us.

That's why you will hear others advising that once you won already, don't stay long and quit and exit and live another day. Otherwise if you continue to chase and extend your luck, you might lose in the end.

For the slots, that's what you call RTP (Return to Player), but I'm sure most of us are not checking for it when we play slots, especially machine that is our favorite. As long as we are happy and enjoying that game, then we are all good win or lose.

If you play casino games online, the house always wins, but, if you visit a land based casino and sit down at a poker table, it is a matter of your level of experience as a poker player. Why? This is because your competition is not against the house but against other poker players whose sole purpose is to take your money.

In gambling the house is always the winner no matter whether you play online or visit the real casino. In the long run its the house that takes most of your money and the gamblers are the one who keep feeding these platforms. If you do gambling then keep this thing in your mind. I haven't read story of any gambler who has beaten the platform in the long run.

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something that has been seen for many years is that in casinos people always enter with money and leave in poverty, which is scary and that this is not limited only to the Gambling that are in the casinos, also in the lottery games the people win the jackpot in a few years they become poor again, and what even scares me is that these people are poorer than before they won the lottery on many tv channels, newspapers and debate already tried - to debate about this subject to try to understand why this has happened and no satisfactory conclusion was reached, so by that I mean that whatever Gambling are, at the end of the day only the owner of the Gambling will make a profit, in the case of slot machines, only the owner of the machine will make a profit

this reminds me that in my country there were many slot machines in every corner, so one day the government arrested all the machines and when they opened the machines they found a lot of money inside them, honestly it seems that those machines were the biggest catalysts for people to stay in cash

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Quote from: TravelMug on January 25, 2023, 09:28:51 PM

Yes, the longer we play in casino the higher the chances that the house edge will caught on us.

That's why you will hear others advising that once you won already, don't stay long and quit and exit and live another day. Otherwise if you continue to chase and extend your luck, you might lose in the end.

For the slots, that's what you call RTP (Return to Player), but I'm sure most of us are not checking for it when we play slots, especially machine that is our favorite. As long as we are happy and enjoying that game, then we are all good win or lose.

If you play casino games online, the house always wins, but, if you visit a land based casino and sit down at a poker table, it is a matter of your level of experience as a poker player. Why? This is because your competition is not against the house but against other poker players whose sole purpose is to take your money.

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Quote from: Accardo on January 25, 2023, 04:47:34 PM

It may be applicable to some... or most casinos. But I believe we can verify the RTP set with a slot.
Anyways, it is not always that we will lose in the long run. There are times when we'll lose right from the start of the gambling session until the balance got depleted.
From my experience though, most of the losing sessions are win first then lose over time, just like what you are saying.

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Quote from: redsun114 on January 28, 2023, 11:29:52 AM

If I see a casino like that which aren't fair, ill automatically avoid them. The stories you heard are true because even we normal gamblers already experienced it even if we haven't win the jackpot yet, just a sufficient amount but we can't help it to keep coming back in our favourite casinos.

If we know and enter the crypto gambling industry for a long time, we can indirectly distinguish which casinos are truly trustworthy and reliable. In fact, we can find out whether all types of games or bets in them are fair or not.
So it will be very easy for us to choose a decent casino and avoid casinos that are not suitable for us to use.
I'm sure every gambler must have a list of casinos that he really trusts and is the most favorite casino to use.
Even though there are indeed many trusted and most popular casinos, all of them definitely have their own advantages.

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Quote from: Zackgeno96 on January 28, 2023, 11:34:23 AM

According to statistics, a casino or sports betting office should always win. But those are just statistics. And not everyone gambles with the same amounts. This is often not included in the calculations. If you keep gambling long enough, a casino will always keep winning because players rely too much on luck. That will always be the case with gambling, in the long run the luck will turn against you and then you will lose a lot of money and perhaps even go bankrupt. I think the ROI is something like 45% while at 50-50 it should be 50%.

Luck is not really a valid basis on stats. The reason why house always wins is because of the house edge. Players will surely lose in the long run because of their limited bank roll while the house keeps killing em slowly. The greediness of gamblers makes the loss intensify due to chasing losses.

Casino only rely on house edge and their huge bankroll that sufficient to make the casino alive while getting passive profit from the house edge in the long run.

Zackgeno96

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According to statistics, a casino or sports betting office should always win. But those are just statistics. And not everyone gambles with the same amounts. This is often not included in the calculations. If you keep gambling long enough, a casino will always keep winning because players rely too much on luck. That will always be the case with gambling, in the long run the luck will turn against you and then you will lose a lot of money and perhaps even go bankrupt. I think the ROI is something like 45% while at 50-50 it should be 50%.

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Yes @op and I think all gamblers (if not most) already know this fact. The specific term for this is called "House Edge" the HE differs from each games. Some are high and some are low but despite of it, many gamblers still can't resist their addiction. They won't stop until they win a really huge amount or lose all their balances. There are casinos who set their house edges to the highest level but it's obvious because casinos are kinda similar when it comes to this matter.

If I see a casino like that which aren't fair, ill automatically avoid them. The stories you heard are true because even we normal gamblers already experienced it even if we haven't win the jackpot yet, just a sufficient amount but we can't help it to keep coming back in our favourite casinos.

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Quote from: Accardo on January 25, 2023, 04:47:34 PM

They are numerous stories of people who won the jackpot and ended up spending the whole money back on the casino within a short period, 1 or 2 years, they lost the jackpot.

Isn't it?

I agree because it was proven and always been proven time and again, you will hurt yourself if you record the jackpot you've won, those few times you won big but lost a lot of times, the thing is, you sometimes win big but lose most of the time so if you do the math and you check all your bankroll and betting records you lose all your jackpot and you even lose more money, so it's better to play only what you can afford to lose, and enjoy the game even if you know that your losses are higher than your winnings, this is gambling, you don't expect to win but you need to enjoy winning or losing.

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Quote from: Fredomago on January 28, 2023, 06:14:42 AM

It's all about being responsible. If you know how to control and how to limit yourself, the chance of winning is high. The shorter you stay, the better the chance of withdrawing some decent amount of earnings. The temptation of continuing the game while winning is always inside you, and that's mostly happened to every gambler who enjoys playing the game.

Considering the H.E, in the long-run casino owner will win!

mistakes like that are often made by gamblers. hope that the wins they have won in a short time will continue to grow for a longer time. whereas the Casino will take those winnings and more of the remaining money from the gambler.
I think every gambler thinks about it all, and it's quite difficult to control it. the gambler only plays to satisfy the passion he has for the game. even if winning in a short time, it will not give satisfaction when what they are after is satisfaction in the game.

Topic: We lose on the long run through return percentage - page 2. (Read 1185 times)