Very true.
The percentage of a gambler going back to gamble with everything he had taken from the casino is surely a lot. Those wins have built our confidence and made us more want to win if ever we'll be back again.
That's why it's highly recommended that whenever we're able to win, take as much as you can and allocate again a budget if you ever want to gamble again.
Topic: We lose on the long run through return percentage - page 6. (Read 1113 times)
I'm not sure what is correct to calculate % from every hundred. The casino will give some part, it should be so, but it will be a very small part according to some specific algorithm. You need to understand that the casino will always win, and some player's win is a matter of chance. I like bets more, because in this case the result depends on me a lot more.
It's all business what can we expect? If we won't lose then who will? I doubt the online gambling sites will be martyrs to just take all the beating and never say anything.
For years I have been in the gambling industry I can never say I am a winner. I may be part of those who just lose lesser than other gamblers because I can still control it.
But, I never hit the jackpot yet so I am still at the part where there is hope that someday I could hit it.
Just last week I felt some win in plinko but there's this thought of pushing it further to try and hit the x1000 but after 5000 bets it won't still come out.
I think that "hope" is what keeps people gambling even if you provide them with facts about those percentages and numbers that you said.
For years I have been in the gambling industry I can never say I am a winner. I may be part of those who just lose lesser than other gamblers because I can still control it.
But, I never hit the jackpot yet so I am still at the part where there is hope that someday I could hit it.
Just last week I felt some win in plinko but there's this thought of pushing it further to try and hit the x1000 but after 5000 bets it won't still come out.
I think that "hope" is what keeps people gambling even if you provide them with facts about those percentages and numbers that you said.
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 we 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
I think it has to do with their self concept, psychologically a person cannot handle more money than they expected. The jackpot will burn a hole in the player's pocket, he'll try as much as possible to spend the money down to the amount he was expecting. These things happens to almost every human brain and requires self discipline to control. I'm indeed impressed with the responses on this thread, they're quality and I learnt so much from them.
It is without doubt that casinos are built in a way to always keep them in profit and just as every other business, they also want to be in profit and also stay relevant in the market.
Most times I still wonder how these casinos manage to survive even after offering a 90 percent Cashback and I just feel it's because they know they'll definitely still have to get the money back.
I was also wondering how will someone win a jackpot with a very reasonable amount and still gamble all of it away and this very case has become very common and it is also a case for concern.
Most times I still wonder how these casinos manage to survive even after offering a 90 percent Cashback and I just feel it's because they know they'll definitely still have to get the money back.
I was also wondering how will someone win a jackpot with a very reasonable amount and still gamble all of it away and this very case has become very common and it is also a case for concern.
There are obvious reasons for casinos to set slot machines to not hand money more than they got. They have business to operate so. They need to make money to keep gambling business going. Its reason why people suggest to gamblers never keep gambling in limitless manner. Its better to gamble when you want to, through slot machines. Obviously sports betting is different than this. But device game gambling of all kinds including slots must be tried sometimes and to be left after you win or lose. Doesn't matter how much you win or lose.
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?
It is and that's the reality of gambling. Regardless of how much of a percentage the casino takes from your winning as an house edge, we always lose in the long run. If you keep track of all the money the casino accumulated from your betting, your total winnings would usually fall short than what you spent on betting. The longer you bet, the more It's becoming impossible for you to take back all the money you spent from gambling since day 1.
Therefore, we are always gonna be the loser, though we won some jackpot at one point, but we keep coming back to gamble.
If it were a slot game, it would be difficult for us to get a big win or even the jackpot. Many gamblers won't get it.
This type of slot game that depends on luck will eat up all your money unless you can control yourself and determine how much money you want to use for gambling.
And it is true that the longer we play slots, the bigger our losses can be, especially if we increase each bet for each round.
And even though we have been able to win large amounts of money, we are still losing money but don't realize it.
This type of slot game that depends on luck will eat up all your money unless you can control yourself and determine how much money you want to use for gambling.
And it is true that the longer we play slots, the bigger our losses can be, especially if we increase each bet for each round.
And even though we have been able to win large amounts of money, we are still losing money but don't realize it.
Everyone should already know that slots is what keeps the lights on in a casino. Online or live doesn't matter, slots are the bread and butter.
I knew that for land-based casinos the most profitable thing for the casino is slots but I wasn't sure if it would be the same online. From what you say it seems to me that it is.
But RTP cannot be obtained by gamblers who play slots at any time, RTP will really be real in every first game because after that maybe RTP can't be fully valid anymore.
We can take advantage of the RTP in slot games by playing it in all types of slot games for the first time and each type can only be played once to be able to get the RTP.
However, if we use this method to get RTP, it will be even more difficult for us to be able to successfully win and get jackpots and profits in larger numbers.
I don't think there's a RTP expiration and the provider need to update the new RTP because if they not change anything about the system and they're still using a same provably fair, the RTP wouldn't changed even though when you have a different experience when you play the slot in last 2-3 years and the current year.We can take advantage of the RTP in slot games by playing it in all types of slot games for the first time and each type can only be played once to be able to get the RTP.
However, if we use this method to get RTP, it will be even more difficult for us to be able to successfully win and get jackpots and profits in larger numbers.
They can write the RTP % because they have test the slot for a long time and calculate it to get the average return.
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.
Money without financial knowledge is soon parted, it's not surprising if money gotten from gambling is soon gone.
Even then, taxes make you end up with lot less that original amount won.
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Everyone should already know that slots is what keeps the lights on in a casino. Online or live doesn't matter, slots are the bread and butter.
I knew that for land-based casinos the most profitable thing for the casino is slots but I wasn't sure if it would be the same online. From what you say it seems to me that it is.
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.
Are you accusing them of falsifying data? I don't know, I find it strange in this day and age when a lot of data can be checked.
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.
Congratulations! You just understood how it works! One thing is the RTP and another thing is the composite percentage of that RTP. If the RTP is 95 and you bet 100 on slots, let's say for the sake of argument you get 95 back. What do many people do? They bet them back. And what do you get in this case? 90,25. If you re-bet them, you get 85.7375. As you can see, re-betting makes your capital tend to 0.
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
We all know that no casino will return 100% of the bet of gamblers who enter their gambling platform here in the crypto space. That's why the online casino game is just a matter of luck. There is no talk of gambling skills such as slots, other than the poker game.
Then the only thing I see that is basic is that when you win in your game, it is a sign that you stop playing that day because if you give up on playing the game, the result will be defeat in the end and many people have experienced this kind of thing. situation and I are included in it.
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
We can take advantage of the RTP in slot games by playing it in all types of slot games for the first time and each type can only be played once to be able to get the RTP.
However, if we use this method to get RTP, it will be even more difficult for us to be able to successfully win and get jackpots and profits in larger numbers.
That's true @OP. The gambling business is about making a lot of money from losing gamblers. And after all, if we win, the percentage of our losses can be greater than the total number of wins we get. But unfortunately, we often don't realize that because we have seen the number of big wins we get. This makes us forget about the total defeat we experienced so that we feel we have recovered from our previous defeat. But we forget that before that, we have experienced even more defeats, even if we count how much money we spent at the gambling table and lost from the first time we played gambling.
I'm sure more gamblers wouldn't count it all out.
more gamblers play with the ambition of winning. although some do come to the casino to have fun while spending money. no one will know how much we lost in the game. but when we do win the jackpot, we must remember how much we got.
that's all I think has become humane. the casino business lives survive and also develops very rapidly because of losses from players. We must realize that even though several times the casino will give the player victory to continue playing games it will eventually eat up all the player's money. we all know that, but we enjoy it all.
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
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That's true @OP. The gambling business is about making a lot of money from losing gamblers. And after all, if we win, the percentage of our losses can be greater than the total number of wins we get. But unfortunately, we often don't realize that because we have seen the number of big wins we get. This makes us forget about the total defeat we experienced so that we feel we have recovered from our previous defeat. But we forget that before that, we have experienced even more defeats, even if we count how much money we spent at the gambling table and lost from the first time we played gambling.
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?
That is why gamblers should be smart when using the jackpot prize won from slot-machines. If they continue gambling, of course they are going to lose the entire prize along the months or years, without hiting another jackpot of the same size, because it's really unlikely.Isn't it?
Inspired by Jean Scott - Frugal Gambler
If those lucky winners simply use their money wisely, making it grow through investments, they can make extra income from that and use the generated income to continue their gambling hobby. This way they aren't going to lose on long run, because thanks to gambling they achieved a lifetime extra income which allows them to maintain their gambling activity in a frequent basis.
Sometimes it doesn't take 1 to 2 years before losing the jackpot. For some people who win big in casinos like poker or blackjack, the server will give you free drinks for your mood. Â And then they continue playing for the rest of the day.
Of the million people spent hundreds over a one arm bandit a day, never have I heard a story where a man wins a jackpot and then leaves with the full amount. The program itself cheats not just the casino.
Bigger bets and also you are not managing your money well like spending here and there and also giving a lot of tips to everyone. Though most people believe that if the money you earn is not hard-earned, it will vanish quickly, unlike hard-earned money. Those who win a jackpot in the slot and again play it hoping to win again are addicted to it because most people will tend to invest those huge amounts of money in business and will be staying away from gambling.
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.
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.
This is the reason before you want to gamble, make sure you must trust the slot machine or the gambling provider first.
It's true the gambler will lose in the long run due to house edge, but there's a casino have a happy hour promotion where few slots will give 100% payout since the house edge is 0%, it was really a dream promotion for any gambler. But I don't know which casino currently still have such promotion because I haven't seen it for few years recently.
It's true the gambler will lose in the long run due to house edge, but there's a casino have a happy hour promotion where few slots will give 100% payout since the house edge is 0%, it was really a dream promotion for any gambler. But I don't know which casino currently still have such promotion because I haven't seen it for few years recently.
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