Topic: We lose on the long run through return percentage - page 5. (Read 1167 times)

For a business like this then its no surprise and as a gambler then you should really make yourself that aware or having that kind of control that everythings do looks fancy for you to be that interest on playing

and this is where their primary motive do kicks on on which they would really be trying out their best on pulling money out of their customers pocket.This is why they would really be making everything do looks
colorful or something that would be poking up your interest and curiosity.

It is really that a common behavior that you would be trying out those games if ever you do see one is winning some significant amount which is a common reaction.

It should be obvious for anyone who sees a casino that they will have to add their fees whenever they can. They have the building to maintain, machines have to be fixed, everything uses electricity, and so on.
Jackpots are announced with lights and sounds to make everybody know and feel attracted to the game. When you see someone win you feel like you can do it too and then after many games reality kicks in and you either get into denial and withdraw more money to play, or you go home empty handed.

There are some gamblers who wins more compare to their losses and this will always depend on your luck because its not possible that every gambler will win, some will be the sacrificed just to pay the winnings of the luckiest gamblers. If your percentage is not that good for the whole year, then you might consider to stop for a while and analyze what is wrong with your gambling, if you’re not into a profit then its fine but if you depend on profit with gambling, then it will be hard for you because the house will always win against the gamblers.

Of course, that's how a casino is built, its for those suckers who want to lose their money (including myself), so we all play without thinking the numbers and the house edge. And then we complain later after we all lost to that casino. 

So we should be wise as well, if we think that we have won already, no need to be greedy or something. You can't take the house and win every time.

And that's why there are also games that include skills and that's where our chances are good like Poker and sports betting and not those luck base games like slot machines.

We won't see more casino houses that being introduced from time to time if the owners are losing from this kind of business, they are gaining a lot especially those who are already got an established platform as they just simply waiting for gamblers to play and even there are gamblers who can win but the percentage of those who are losing are far greater than those who manage to control and win.

Your last statement was true, if you want to earn big be a casino owner, if you have the knowledge and the budget to run your own casino house, it's far better than being a gambler who always risking their funds each time they play.

I think that the RTP,the return to player is clearly explained from the slot provider and this most likely is like 95-98% and usually slot providers do not lie otherwise they lose potential customers.Play n Go for example one of the many slot providers out there makes really a lot of slot machines and most of them are programmed at a fixed return to player percentage like usually in 95-97% yet sometime they give in the option to casinos only in specific slots they make to use changeable return to player percentage,for example one slot that is my all time favorite from them named "The Green Knight" has three RTP options from 84.xx% up to 96.xx% and it is up to the casino to program it the way you want but the provider is not "cheating" they make it clear that this game has different RTP options so it is up to the player to read the description in the casino offering the game at what RTP they are operating the slot.

RTP to kick in needs truly a lot of spins but on the long run we already know that the house edge which is the advantage from the RTP to the casino house is there to make them profit in the long run and consequently for us gamblers to lose money on the long run,we should play to hit that maximum payline or the jackpot and move on to another slot.

Well, they're a casino and as they say and not a charity so they have to earn from something they offer and that's through the games that they've got.

It's true that without our losses, they can't make a revenue and they can't continue to operate. That's why their main source of income is to earn from our losses and that's an essential thing and no longer a secret.

Yeah, as long as they're just deposits, it's still not their assets unless it's used to play for their games.

That might be considered false advertising but I cannot say for sure since I am not a lawyer nor do I have the specific knowledge about which casinos are subject to which countries laws. What I can say for certainty is that online gambling casinos, just as offline gambling casinos are subject to strict regulations and check-ups. It would not be easy for a legitimate casino to actually break these rules and regulations without repercussions. As far as the mechanism for return percentage, I think that is all in the algorithm which decides the house edge. Obviously the house will always win. Its simple mathematical probabilities.

That's the whole idea behind the gambling business. If you were winning in the long run against the house, the house wouldn't exist. If the house dies, then where are you going to play at? In gambling, money only moves to one direction: From the players' pocket to the casino.

Jackpot winners are as rare as the lottery winners because they have pretty much the same chances to win (which is very slim). We can't include them in our calculations.

The casino is there to make money, that's how they make a living. The player has only one choice in the long run: Losing.

It cannot be denied that this is gambling, but to prevent more problems, of course every gambler is expected to gamble responsibly.

I think almost every crypto casino has such advice and reminders for their customers, for example Rollbit warns every user of its site to gamble responsibly. It's a small part of self-control efforts, so that gamblers really realize that gambling is entertainment, fun and excitement.

More: GAMBLING WITH RESPONSIBILITY

Yes. I totally agree with you on this very statement of yours, because there is a lot of people who have got so emotional, while letting a single winning get them carried away, to the point of thinking that because they just won, if only they keep playing, they can equally win more, which most times always end up in tears.  
Henceforth, there is one thing people who gamble need to understand that winning is not always constant, and for that reason, we should always learn to be discipline enough to know when to stop while gambling and walk home with the little fund you have won, or get carried away and work home empty handed.. (The choice is yours)

Maybe there are several types of slot games that are very rarely interested in and played so there is an expired RTP that needs to be updated by the casino management team, given that there are so many types of slot games that it is impossible for all types of slot games to be of interest to all gamblers and the average the average gambler will only play on the type of slot that can and often gives them a win or jackpot.
So I think you can understand and understand if there is an expired %RTP in a slot that is updated too late by the management team.

In as much as it is business, you don't  expect a business owner to lose or continue running on losses, if it is so, then no one will want to own casino. But for the rush to own gambling companies should tell you how much gain that is in it.
If you really want to make big money, own a casino and don't be a gambler. Gambling is for fun and not a steady flow of income.

It will be impossible for a casino to release money for winners without taking funds for losses. The casino relies on its bettors and our losses will be their way to make a profit. Without our losses, they can't finance the jackpot prizes. That's the cycle of casinos and we can't blame them for making money out of our bets. Expect that we are spending in all our losses and it is already our part to be responsible iforit.

Casinos depend on the people's return for cashflow. They know that at some point, winners will return to their premises and bet again, even if they won jackpots. It's just the way things go. Most of these jackpot winners end up losing their money to the same casino/people who gave them the prize because of poor cash management. Then end up betting again, chasing their luck on a win that you might as well expect would never come. You aren't supposed to turn a profit in betting within a casino in the first place, that's why I always advocate for gambling for entertainment only, never for profit. Because at the end of the day you'll end up disappointed and penniless when you gamble for profit.

Physical or online casinos are businesses and they will always have to make a profit from lossing players because that's how they run their business continuously. They have a lot to maintain and workers to pay so they have to make money from their business by any means.
That's why it is wiser to run and stop after winning a good amount of profit rather than continuously bet because there will still be a higher chance of losing everything. Losing a good amount of winnings usually happens to greedy and uncontented players believing that they can have the same luck again.

First of all, a gambling site is a business. Of ourse they need to take profit from every transaction to keep their business running. And I'm just fine with that as long as it won't be as big as 10% of my winnings because that would be unfair already. Winning is not something which would come on a player's edge thu, it would also be okay to expect a high return but not to the extent that the casino won't get anything from it. Some would say the casino is already getting an amount from deposits. But that won't be enough to pay their duties and to keep a casino alive so I think we should let a rightful amount slide for the platform itself.

The return percentage, also known as the payout percentage or return to player (RTP) percentage, is a measure of how much money an online casino pays out to players as compared to the total amount of money that players wager. It is typically expressed as a percentage, with a higher percentage indicating a higher payout rate. Online casinos will typically advertise their RTP percentages, but it's important to note that these percentages can be misleading. The RTP percentages that you see advertised on an online casino's website are often the theoretical payout percentage, which is calculated over many spins or hands and is not representative of the payout percentage of any individual player.

Additionally, the RTP percentage can vary from game to game and from casino to casino. Some casinos may have a lower RTP percentage for certain games, while others may have a higher RTP percentage for the same games. It's also important to be aware that some casinos may not be entirely honest about their RTP percentages, so it's important to do your own research and read reviews from reputable sources before depositing any money. It's also worth noting that online casinos are not a get-rich-quick scheme and even if the RTP is high, it's not a guarantee that you will win.

It make more sense for gambler to take a high percentage off whenever they win big or any amount of winning, let this practice master player who are constant visitors to casinos, that way, even if you lose your next bet, you will be sure you end up with something at least.
How does this percentage taking work for me:
- last week I placed a bet on a football match and luckily for me I won seven thousand nairas in my local currency,  so I withdraw #5,000 into my bank account and I left a balance of #2,000 in my casino wallet balance to continue to bet with, but at the end of the day I lost everything on the next bet so the only amount I walk away with was 5,000 that I did the percentage withdraw of, this gave me a lot of relief and joy to know that I ended up with something.

The RTP is meant for the general players playing on the casino at the same time and not every 100$ spend on it. With 95% RTP, Casino can guarantee 5% profit for every certain amount of money spend on the slot by different user.  Slot machine needs to get the 95% of the target money before it can return to the player in random percentage basis. This way casino will never lose since its using other players money to payout winner player.

We all know that casino is not a charity. They have a sure profit in every game and slots is there main source of income due to its fast phase game and high house edge.