We lose on the long run through return percentage - page 3.

Fortify

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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?

Inspired by Jean Scott - Frugal Gambler

The thing is, if you're attracted to playing slot machine type games - you've already lost. The percentage that they let you win is almost irrelevant because people get so "in the zone" that they have a tendency to keep playing until everything is lost. It is basically a game for losers and nobody with any sense should really be playing them. It's fine if you want to drop a dollar or two on ten cent spins, but any more than that and it's an exercise in futility. Keep in mind that a casino will intentionally program their games to show you a few wins in the first 10 or 20 spins, but then their normal algorithm will kick in to take it all back from you. There are much better ways to make money.

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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!

Taskford

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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.

maydna

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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.

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Quote from: Mauser on January 28, 2023, 02:32:17 AM

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's pretty normal, why should a casino even pay our 100%? They can't afford it, or where else would they make a profit to run the casino. Casinos are private companies that need to make a profit to exist. Buying slot machines, renting a place, paying taxes and electricity all costs money. The online casino needs to run a website, have IT security and support staff and also pay taxes and electricity. We shouldn't feel bad about not getting back 100%, as this would also be no guarantee for us to get all our money back. There is still randomness involved and this will only make the jackpots a little bigger, but not change our chances of winning much.

There is no such thing as 100% payback and that is completely normal.The reason is that without the house edge which is also the equivalent of the return to player a casino would fail as they have costs to maintain their staff and I am talking about online casinos because offline ones have even a much smaller return to the player ratio because of much higher costs to run a physical casino compared to an online one.

What we should know is that if we hit it big during our session which is completely luck related in slot machines is that when we achieve it we run away from that slot as in the long term is projected to take those winnings back.A slot machine uses a RNG -Random Number Generator and that adds to that randomness which we all go after in hopes of hitting it big,that is the best to do while playing slot machines and while we are losing it is best to quit and try a couple of days later.

Mauser

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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's pretty normal, why should a casino even pay out 100%? They can't afford it, or where else would they make a profit to run the casino. Casinos are private companies that need to make a profit to exist. Buying slot machines, renting a place, paying taxes and electricity all costs money. The online casino needs to run a website, have IT security and support staff and also pay taxes and electricity. We shouldn't feel bad about not getting back 100%, as this would also be no guarantee for us to get all our money back. There is still randomness involved and this will only make the jackpots a little bigger, but not change our chances of winning much.

xSkylarx

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

Quote from: AmoreJaz on January 27, 2023, 06:53:26 PM

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.

that's why gambling business is a very lucrative one if the owners know how to handle this kind of business. that's the given fact already. but of course, gamblers will always hope that one day they will hit the jackpot. if you want to gamble, make sure that you are emotionally and financially ready to lose all. after all, it is gambling.

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.

But hitting the jackpot only happens rarely, right? So it means that if someone hits the jackpot, the owner still has no problem with this as he already gains a ton of profit over time, and for sure that jackpot should be in their hands and waiting for someone to win it. Gambling is a profitable business, so I am not shocked that a lot of investors from other countries before COVID came here to our country to build casinos, as a lot of people play and hope to win. But again, we already know that in the casino they mostly win, so let's just play what we can afford to lose.

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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?

Inspired by Jean Scott - Frugal Gambler

But that is common knowledge, a casino like any other business needs to make money to keep themselves open, so on each one of their games they give themselves an edge so over the long run they can beat the players, some gamblers may see this as unfair but every business works this way, if you buy a product online which cost you 100 dollars do you actually believe such a product took 100 dollars to make? It took way less and the difference between the price at which it was sold and the price to make it are the profits the seller keeps for themselves.

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Quote from: AmoreJaz on January 27, 2023, 06:53:26 PM

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.

that's why gambling business is a very lucrative one if the owners know how to handle this kind of business. that's the given fact already. but of course, gamblers will always hope that one day they will hit the jackpot. if you want to gamble, make sure that you are emotionally and financially ready to lose all. after all, it is gambling.

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.

passwordnow

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Quote from: ?? on ??

Casinos should be able to give information about house edge and why it is dangerous to make strategy for beating house edge.

And if someone is trying to think about that, it won't happen as it's really impossible to make.

Quote from: ?? on ??

House edge unbeatable always, remember this fact.

True to that, it's a matter of fact.

Quote from: ?? on ??

I usually try to hit max multi on any game then take break but I never chase losses because of the mentioned reasons.

Good for you because there go those gamblers that whenever they hit a jackpot or big, that makes them more confident and want to gamble more. In the end, the profit they've made is being able to be recovered by the casino.

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Quote from: AmoreJaz on January 27, 2023, 06:53:26 PM

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.

that's why gambling business is a very lucrative one if the owners how to handle this kind of business. that's the given fact already. but of course, gamblers will always hope that one day they will hit the jackpot. if you want to gamble, make sure that you are emotionally and financially ready to lose all. after all, it is gambling.

Gambling owners would really be taking that kind of opportunity or taking that advantage for them to make profits or revenue out of peoples perception and beliefs on mind about making money on

gambling.If it was never been that profitable then we wont be seeing this industry on being this big.Of course they are running a business and it would be normal that they would really be snipping out

small percentage house edge which is very typical.What wrong is here that people is really indeed pushing up themselves on trying to be profitable and winning which is
the main mistake on why people do end up on being wrekt.

AmoreJaz

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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.

that's why gambling business is a very lucrative one if the owners know how to handle this kind of business. that's the given fact already. but of course, gamblers will always hope that one day they will hit the jackpot. if you want to gamble, make sure that you are emotionally and financially ready to lose all. after all, it is gambling.

BitcoinPanther

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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.

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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?

Inspired by Jean Scott - Frugal Gambler

The misery is just too hidden that we might not understand. Gambling is a spirit we need to train our mind to follow and embrace what our heart beat. The slot machine had different configurations and sometimes we might be deceived that the slot machine could pay 100% which is not true. That is just a written words that does not have ana atom of truth.

Every casino is look for a potential customers that would bring other gamblers to there platforms though different means to enhance for use of there platform. We just need to be wise when we are taking decision so that we will not be decieved easily on what is not right.

KTChampions

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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?

Gyfts

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That is undoubtedly true online casinos do not all offer 100% payout rates. Some of them do. It's crucial to conduct some research and learn the payout rates of various casinos and games before you play. And you are correct, some slot machines include software that makes them pay out less often than they are supposed to, which is questionable. Nothing obligates a casino to treat its customers fairly.

There isn't a casino out there that offers a 100% RTP. A casino without a house edge is a charity.

Different games have different RTP's and slots are just about the worst game you could play and it's a commonality at every casino. If you're playing at a legitimate casino the software used on slots will guarantee the casino a payout over time so as long as the spins are verifiable then there shouldn't be an issue. Table games will generally have the same house edge regardless of the casino because the math works out the same using standard decks of playing cards. The only modifications of the house edge that you might see are modified payouts which will increase the house edge (ie 3:2 blackjack and 6:5 blackjack).

348Judah

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It will always be termed a loss at the end since you gamble out the entire fund including the return percentage and the winning amounts back into gambling with the hope of getting more in addition to the ones on ground ready, tgis is one of the tricks that gamblers were never careful of whenever they are gambling, don't take the risk do high, gambles moderately, and avoid returning your fund back to gambling either at once or gradually because with time it will all end one day.

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Quote from: OgNasty on January 27, 2023, 02:24:19 PM

Do people really not realize this is how casinos work? Did you believe they paid out 100%? Obviously they make money or they wouldn’t be in business. Beating the odds is the dream of every gambler and why casinos are always so busy. Don’t kid yourself though, all the costs of running a casino and profits to their owners are paid from gambling losses. If you play long enough, you will lose. It’s the way casinos work…

You are absolutely correct, but I can tell you that majority of gambler don't realize this, and because majority(if not all) of gamblers don't keep a gambling record, they may never realize that they are loosing more to the casino, than they are winning from them.

But for me personally, I don't know about other people out there, the sure profit of gambling is the fun in it, the cruise, the relaxation that comes with it, aside this, it is really hard to make profit against a casino in the long term of gambling, and this makes me wonder sometimes, how professional gamblers make a living off gambling, since professional means that is what they do for a living.

OgNasty

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Do people really not realize this is how casinos work? Did you believe they paid out 100%? Obviously they make money or they wouldn’t be in business. Beating the odds is the dream of every gambler and why casinos are always so busy. Don’t kid yourself though, all the costs of running a casino and profits to their owners are paid from gambling losses. If you play long enough, you will lose. It’s the way casinos work…

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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.

I've heard countless stories that those people who have won the lottery in my country ended up with nothing just after a few years. Note that they've got a huge winning around $270k in today's time and they've just spent it all within less than five years. It was from several years ago and then inflation back then wasn't that much and that amount is really quite big to spend with. The saddest story that I've heard, that lottery winner spent all of his winnings from luxury and didn't even managed to save for his future.

Topic: We lose on the long run through return percentage - page 3. (Read 1167 times)