House edge – per player – per casino – per industry

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  • #26082
    Mr B WANTED $395
    Blocked

    Hopefully the title says it all, with the latter ‘per industry’ being the only one (IMHO) that isn’t in play. However this is a little complex so let me try and fathom out an explanation.

    House edge per player – This means that when you play at [insert casino slot here] in real life, if YOU are the only person to play said slot, YOU get the entire RTP. How that breaks down over time is by law supposed to mean you lose (let’s say 93%rtp) 7% by only depositing funds from one pile and never removing funds from the winnings pile. Does the law really mean this ? Anyway….

    House edge per casino – Since the inception of all new slots being connected to a network, we have no idea what happens to the house edge per player, per casino. Of course, the same can be said online.

    House edge per industry – This of course can only be true within sister companies so a bit of a pointless bit for me to add on. Shared jackpots online, on the strip etc…..

    The question in all of this is really to do with how winnings are funded, before being paid. Let me just add : Don’t get this twisted with the RTP initially because we should all know that a brand new slot cannot always start by needing to gain before it loses. My time in Quicksilver over the years saw many brand new slots eagerly waited for by customers who thought they would all pay handsomely to create an attraction, be talked about, word of mouth creating more attraction therefore plays profits etc. Of course, there is no way of knowing which would but the point is, some do. However back to the point originally, a slot was dedicated to it’s own RTP.

    What about nowadays ?

    EG : is every slot in [insert casino, online or instore] with it’s own truly dedicated RTP ? Online : Is every slot personalised to me with it’s own guaranteed RTP ? Are shared jackpots a completely separate entity from RTP ?

    Apologies if this seems garbled or doesn’t make sense to you. There’s no need to tell me if you don’t get it.

    #26111
    argyl53 WANTED $333
    Outlaw

    RTP is not personalised or guaranteed to be the outcome of your long term play, though mathematically speaking the more spins you give a slot, the closer your overall personal RTP will edge towards the theoretical RTP. But as the latter is calculated for millions of spins, you would be hard pressed as an individual to play any slot to that kind of run.

    And the key word there is theoretical; that’s what the law requires, that the program design and random number generator have a theoretical long term RTP as stated. That little word means in real play, even across thousands of players and millions of spins, the actual RTP doesn’t even have to be close (though in practice it usually will be). Slots are fundamentally random and actual RTP is not theoretical RTP.

    #26124
    skulls n cherries WANTED $1
    Outlaw

    Oh my god bandit, why do you have to feel that you have to justify yourself to these losers? Your worst videos are when you have to explain yourself to these idiots. Please refrain from doing so.

    #26131
    Biohazard WANTED $519
    Outlaw

    argyl53 wrote:

    RTP is not personalised or guaranteed to be the outcome of your long term play, though mathematically speaking the more spins you give a slot, the closer your overall personal RTP will edge towards the theoretical RTP. But as the latter is calculated for millions of spins, you would be hard pressed as an individual to play any slot to that kind of run.

    And the key word there is theoretical; that’s what the law requires, that the program design and random number generator have a theoretical long term RTP as stated. That little word means in real play, even across thousands of players and millions of spins, the actual RTP doesn’t even have to be close (though in practice it usually will be). Slots are fundamentally random and actual RTP is not theoretical RTP.

    Yep Argyl is right on the money here, took the words out of my mouth. 🙂

    skulls n cherries wrote:

    Oh my god bandit, why do you have to feel that you have to justify yourself to these losers? Your worst videos are when you have to explain yourself to these idiots. Please refrain from doing so.

    What?

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