Casino myths – Proven and busted

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  • #20631
    eejit101 WANTED $312
    Outlaw

    Hey all. After reading through this forum I thought it’s about time to help put some of the tinfoil brigade, and also to confirm some of your worst nightmares. I’ll take the top 10 most seen queries and if you have questions just reply.

     

    1 – Slot games get worse over time. UNTRUE! Slot providers do not lower their RTP over time. The games are played dramatically less so you see less big wins online and less time spent on them while you play newer games. I thought this myself until working for igaming, but after seeing it to be true i have to comment.

     

    2 – Sites pay differently on slot. TRUE! Certain providers such as playngo, habanero, and many more allow casinos to pick the RTP their games pay out on. However only the provider can make this adjustment and it is shown in the game information. Always check the RTP in the game info. I’ve seen games by huge providers as low as 92.2%.

     

    3 – Jackpots lower the base game wins. TRUE! Mega moolah takes over 8.5% of each spin to it’s jackpot progressive. Netent takes 2% approx. This lowers the megamoolah base game % to 88.5% approx. You have to know you’ll lose money faster playing these shooting for the big bucks. Jackpotking is similar also.

     

    4 – Streamers get Winmode from the casino to show them winning. UNTRUE. It’s physically not possible to give a player a game result thay wins. For the games to be provided No one can touch a gameround from it being hit spin by the player, the RNG doing it’s verified spin, the result being sent from the provider to the casino to the player. Not possible. Casinos cannot, and would not, do this. Casinos pay the provider a % for each amount lost on their games (averages around 12%) and the casinos keep 88% for them.

     

    5 – Streamers get free money from casinos to gamble with. TRUE! Admittedly not all do, but some do 100%. They credit their accounts and then keep all profits back. If a player loses it costs them 12% of the amount lost (see above). If they win it actually saves them 12% from what other players will lose to balance it out. That being said I don’t believe the bandit ever uses this. He is more open than anyone. The scandis and Russians though. No way do they get 100euro a spin and drive a Ford fiesta.

     

    6 – Cashouts take time to verify. UNTRUE! Cashouts work on the due diligence you send (KYC documents) once you are asked for them. If the casino approves them cashouts can be sent instantly. They use 48 hours and no weekends and short staff and many withdrawals as LIES to make you cancel the withdrawal. We operate casinos who do this tactic. Withdrawals can be approved automatically within 4 minutes if required.

     

    7 – Deposits can be faked to show streamers use their money not casinos. UNTRUE! Regulation people check this… it’s not possible. And if anyone manages it the fine is 20mil+.

     

    8 – Casinos like giving bonuses. Untrue! They hate it. Remember the 12% rule from earlier? That applies to bonus money also. If you deposit 100 and get 300 free… and lose the 400… They owe the providers you lose on 12% of the 400… not the 100.

     

    9 – Casinos make millions. UNTRUE (mostly). While big sites make bank, smaller ones do not. They have to pay affiliates for traffic.  Some affiliates like askgamblers charge 200£ per player who deposits over 20£. Madness. Check this out for maths from a real casino…

     

    Deposits in a month – 100k

    Withdrawals – 35k (this is average for 100k deposits).

    Payment providers – 4k

    Game providers – 8k

    Hosting, licence, fraud, compliance fees – 2k.

    Remainder – 51k.

    From that 51k affiliates on average take 40% of the net deposits. That leaves 11k.

     

    The site makes 11k a month before tax… and that doesn’t include paying it’s staff or offices or anything. That’s why places on the smaller scale need players without the huge affiliate fees.

     

    10 – Its rigged. UNTRUE! Obviously. While the above indicates certain sides can be, it’s not rigged to manipulate you. The game rounds spin in ways to entice you in. Playngo spends millions on music that works to capture you to play their games longer. Casinos pay out slowly. But overall… each spin you press has the same chance of winning 400x as the one before. It doesn’t matter what you bet… speaking of that….

     

    11 bonus  – games pay out lower at higher stakes. UNTRUE.  And hugely untrue. RNG isn’t allowed to see bet size. Take the hat off on this one.

     

     

    Hope that helps anyone.

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    #20646
    Anonymous WANTED $55
    Inactive

    What utter bollocks.

     

     

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    #20635
    argyl53 WANTED $419
    Outlaw

    11 bonus  – games pay out lower at higher stakes. UNTRUE.  And hugely untrue. RNG isn’t allowed to see bet size. Take the hat off on this one

    How does this reconcile with long term RTP though? The vast majority of players are low rollers who stake an average of about 60p per spin so if games play to the same odds regardless of stake, it could only take one hi rolling player to make a 96% RTP game run at a net loss to the provider.

    For example, I’m a provider and I create a game designed with a 96% RTP. A typical bonus round pays out in the region of 30-100x, a very good bonus will hit 500x, perhaps a truly exceptional bonus will hit 5000x. There may be the odd very poor bonus which pays out 10x or less. On average you would expect to see at least one bonus in a run of 100 spins. Vast majority of my players are on stakes of 20p-£1.

    So perhaps over 1000 players each having an average 200 spin session on the game, total revenue taken by the game is £120k, total paid out is £116k. So far as a provider, I’ve made £4k. Now one hi-roller comes in with a few grand and starts bashing it on £20 per spin. 50 spins in, which due to base wins has only cost them a net loss thus far of £200, they hit a bonus for 500x (good, but not spectacular). That’s £10k. The game took in additional £1k from their spins, but over that excluding the bonus paid out £800. So now as the provider my game has incurred me a net loss of £5800, simply because it plays exactly the same regardless of stake.

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    #20652
    Nathanio WANTED $21
    Outlaw

    Interesting to read that finally someone isn’t a casino conspiracist! Slots are licenced to casinos on a licence….. the licence costs money. The % RTP controls payout based on research of real money players playing habits over a vast amount of time and literally 100,000,000s of bets placed. All be it this does mean that sometimes the ‘Actual’ RTP is less than the Theoretical RTP, it also mean that occasionally, providers fail to assume player habits on certain slots. Actually, believe it or not, some slot based on player staking and strategy habits have paid OVER 100% RTP for years and years!

    In short, general rule is that algorithms more complex then the normal player would ever understand attempt to ensure a game pays the TRTP. Some, as mentioned before, based on player habits have been known to pay FAR LESS than stated RTP and others have been know to pay far more than the stated RTP……..

    bonuses, as mentioned in this post are generally counter productive for casinos, hence being attatched to some crazy wagering! This wagering ,again is usually dictated by super complex algorithms in order to safe guard a “Deposit/cashout ratio of less than 1/1.

    #20653
    Nathanio WANTED $21
    Outlaw

    I didn’t mention in the above post, but in addition to data of the playing habits of players of similar games over time being used…. obviously super complex simulations of billions of spins is carried out before a game is released.

    #20677
    blacko1974 WANTED $248
    Spectator

    Excellent post Eejit very informative, the fine’s handed out to dodgy casinos are astronomical so it’s hardly worth rigging games to entice a few more punters. I’ve always held the opinion that Steve and Paul aren’t short of a few quid, they win big but also lose big. Easy as that.

    #20686
    Anonymous WANTED $483
    Inactive

    Is this guy “eejit101” for real? or just trying to be the best at Trolling lol!

    Your gonna get yourself into trouble spouting shit like this mate. How have you proved any of your theories in your post? you’ve just listed utter BS

    Lets take 1 example of the RNG shall we.

    Any system or programme software that has been created like RNG,  can be manipulated like fuck! Its hard to do….but it can be, and has been done.

    simply put they can rig it!……and they do rig it!

    fkin arghhh, you sheep make me so mad sometimes.

     

    1
    #20689
    Anonymous WANTED $483
    Inactive

    Next he’ll be telling us Pokerstars isn’t rigged either! 😉

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    #20696
    Seedy WANTED $1,243
    Sheriff

    Errmmm I’ll let @eejit101 explain but he knows more about the whole casino thing then you guys appreciate at the moment ? but please remember to play nice folks.

    #20697
    Xbobmad WANTED $731
    Outlaw

    Seedy wrote:

    Errmmm I’ll let @eejit101 explain but he knows more about the whole casino thing then you guys appreciate at the moment ? but please remember to play nice folks.

    You know as well as I do that some people are unwilling to listen to anything other then what they have decided is correct ?

    #20710
    eejit101 WANTED $312
    Outlaw

    Just Basics wrote:

    Is this guy “eejit101” for real? or just trying to be the best at Trolling lol!

    Your gonna get yourself into trouble spouting shit like this mate. How have you proved any of your theories in your post? you’ve just listed utter BS

    Lets take 1 example of the RNG shall we.

    Any system or programme software that has been created like RNG,  can be manipulated like fuck! Its hard to do….but it can be, and has been done.

    simply put they can rig it!……and they do rig it!

    fkin arghhh, you sheep make me so mad sometimes.

     

    I work for a company that sees it. We literally see the results. And if it’s rigged it’s BAD for us… so of course we check.

     

    As for I’m a moron/troll, sure if you want.

    OR….

    I’m the only person on here who plays and works inside the industry you claim is rigged but still gamble on.

    Plus I can type coherently. Maybe that why.

    #20711
    Seedy WANTED $1,243
    Sheriff

    Please play nice lol ?

    #20716
    Anonymous WANTED $483
    Inactive

    @eejit101

    Ok then mate, apologies if my grammar was a bit off 😉  (btw that’s what most trolls who want an argument say)

    I’l try to type more impressively like yourself this time.

    All i said is you have proven nothing. You just listed Bull shit reasons why they don’t rig it.

    Ok here i go….Do the  “air quotes” company you work for spend every single day at the casino site offices to check and audit them?

    Have you ever seen a million/billion dollar company that aren’t corrupt or fraudulent? because i haven’t!

    You didn’t give a come back for my RNG Statement………why is that?

    Your a person hiding behind secrecy and riddles mate. Tell us the company you work for, tell us exactly how u know why the casino’s aren’t rigged, tell us your employed by auditors that don’t have a vested interest in keeping hush.

    Tell u how you can say all this and still keep a straight face lol.

    I stand by my statement…….It is rigged for some people to win, and rigged for most people who don’t. Yes it would be hard to do this software wise, but all each company has to do, is employ Secret Tech Wizards around the clock to keep it rigged and make it majorly profitable for the owners.

    I’m allowed my own opinion aren’t i?

    I will give you one example of why i think all Online Casino’s are Fraudulent Cancerous Corrupt Machines, and then i will keep quiet.

    Its a long one but here i go……..

    POKERSTARS……the largest online gambling company in the world established Sep 11 2001 (strange date to get started but hey ho)

    They are worth Over 1.8 billion (2017)

    Let me firstly say, to begin with they were a completely legitimate company.

    This Company has NEVER EVER been audited or investigated by any outside company. They have only been audited by company’s that the Stars Group actually own themselves. IKR this is hard to believe but ACTUALLY 100% A FACT

    Literally Type “Pokerstars is” into any search engine on the web and it will say…rigged, scum. fraudulent, corrupt etc etc all top results.

    100% FACT

    Look on Youtube and type “Pokerstars rigged” and you will literally get over 500 thousand results. 100% FACT

    All pokerstars reviews online……Almost everybody hates them. yet they have over 250 thousand players online each day. 100% FACT

    3 Other major poker sites have been shut down in the past by the FBI because of fraudulent money problems and cheating players who can see their opponents cards, action cards and bots who win everything. 100% FACT

    Not a few hundred but literally hundreds of thousands if not millions of people saying Pokerstars is a fraudulent rigged site. why would they say this?

    here is a video that i would like you to watch and then give your opinion if its not too much trouble. Its only 9 minutes long. And it goes into more depth on why they can rig and they do rig.

    https://www.youtube.com/watch?v=b3tv-1rBJeY

    #20719
    Seedy WANTED $1,243
    Sheriff

    Getting heated in here ? opinions are all well and good folks but please play nice I don’t wanna have to go Thor on anyone’s ass with my ban hammer as we all just wanna talk gambling ?

     

    #20722
    aps31 WANTED $15
    Spectator

    Seedy wrote:

    Getting heated in here ? opinions are all well and good folks but please play nice I don’t wanna have to go Thor on anyone’s ass with my ban hammer as we all just wanna talk gambling ?

     

    Seedy let the kids play and have their fun, more importantly have you triggers the swarm yet ?

Viewing 15 posts - 1 through 15 (of 144 total)