SICK OF MG

[wayram]

I am getting a bit sick and tired of MG casinos, any time you build your balance up...On several occasions my wife on her computer and me on mine have had a reasonable balance in our accounts only to find if you dont take it out and continue to play on the slots pay absolutely nothing. It does not matter what games you play the payouts just STOP..I think the casinos which are all computerised have the ability to put a stopper on your account to make sure that you lose the whole damn lot...If this trend continues I can assure you they will lose two customers because I am sick of it...Its the same if you cash in, the slots go dead for quite some time..Do any of you guys and gals have a similiar experience ?.

[Slotmachine]

Originally Posted by wayram

I am getting a bit sick and tired of MG casinos, any time you build your balance up...On several occasions my wife on her computer and me on mine have had a reasonable balance in our accounts only to find if you dont take it out and continue to play on the slots pay absolutely nothing. It does not matter what games you play the payouts just STOP..I think the casinos which are all computerised have the ability to put a stopper on your account to make sure that you lose the whole damn lot...If this trend continues I can assure you they will lose two customers because I am sick of it...Its the same if you cash in, the slots go dead for quite some time..Do any of you guys and gals have a similiar experience ?.

A familiar feeling...but it's just slot variance playing tricks on you. When you play slots, you're very likely to lose it all in a short time, and when (rarely) you do build your balance up, that's when you need to stop and withdraw, because with each spin, you're more likely start losing again.

The MG software does not know whether you've been winning or losing, just churns out random numbers for you, and with slots, they're always likely to go against you. Also, if you increase your bets progressively when you win, that also increases your risk of losing it all back in a very short time.

Try jacks or better video poker or blackjack, less variance and therefore your bankroll will last longer.

Sometimes if I hit a good win in slots, I'll just lower my bet and maybe play some VP to cool down, then withdraw and just leave a little bit for low-rolling.
Otherwise you're pretty much guaranteed to lose it all back in the course of a really bad streak.

Cheers,
SM

[Simmo!]

Originally Posted by Slotmachine

A familiar feeling...but it's just slot variance playing tricks on you. When you play slots, you're very likely to lose it all in a short time, and when (rarely) you do build your balance up, that's when you need to stop and withdraw, because with each spin, you're more likely start losing again.

The MG software does not know whether you've been winning or losing, just churns out random numbers for you, and with slots, they're always likely to go against you. Also, if you increase your bets progressively when you win, that also increases your risk of losing it all back in a very short time.

Try jacks or better video poker or blackjack, less variance and therefore your bankroll will last longer.

Sometimes if I hit a good win in slots, I'll just lower my bet and maybe play some VP to cool down, then withdraw and just leave a little bit for low-rolling.
Otherwise you're pretty much guaranteed to lose it all back in the course of a really bad streak.

Cheers,
SM

Couldn't have said it better myself

We've all been there Wayram. This is the thing about gambling...you have to know when to get out. This is why casinos make their profits - its not the "House Edge" that makes the decent money - hell that probably doesnt even cover the casino's costs - its the fact that gamblers have a tendency to gamble back down following a win streak.

Simmo!

[Slotmachine]

[QUOTE=Simmo!]is why casinos make their profits - its not the "House Edge" that makes the decent money - hell that probably doesnt even cover the casino's costs - its the fact that gamblers have a tendency to gamble back down following a win streak.
QUOTE]

Yeah, to refer to another recent thread, remember that 97% payout ratio means that if you deposit $30,000, wager $1,000,000, win $970,000, lose $30,000, you're out of money, nothing left, and the casino claims to have paid out 97%, is correct, and you've lost 100% of your money.

This is what usually happens. The only way around this is to set a deposit limit., e.g. monthly limit, and a withdrawal threshold, and not deviate from those.

EG deposit $500 twice monthly. Whenever you hit $1100, withdraw $1000, leave $100 for low-rolling. With the remaining $100 you can do whatever you damn well please, and you might just get lucky.

This is the only working "betting system" and it'll help you limit your losses.
You'll still lose, but not so much

Cheers,
SM

[Reef]

Originally Posted by Slotmachine

This is the only working "betting system" and it'll help you limit your losses.
You'll still lose, but not so much

Cheers,
SM

I respectfully disagree. There is no betting system that will prevent or slow losses. Your expected loss is HA * amount wagered. If you want to donate less, then wager less. If you want to gamble, then bet away.

[caruso]

Originally Posted by Reef

There is no betting system that will prevent or slow losses. Your expected loss is HA * amount wagered. If you want to donate less, then wager less

Absolutely correct.

Originally Posted by Simmo!

This is why casinos make their profits - its not the "House Edge" that makes the decent money - hell that probably doesnt even cover the casino's costs.

Au contraire by a long way: it is all, and only, and nothing but, the house edge.

Originally Posted by Slotmachine

EG deposit $500 twice monthly. Whenever you hit $1100, withdraw $1000, leave $100 for low-rolling. With the remaining $100 you can do whatever you damn well please, and you might just get lucky.

This is the only working "betting system" and it'll help you limit your losses.
You'll still lose, but not so much

Also correct; however, you can put it in more of a nutshell: wager less and you will lose less.

[liquidsoap]

i see where wayram is coming from, it does seem like that they have a switch but i wouldnt go that far

i say they dont need one for house advantage, but it seems a little different from vegas and other land based casinos.

ive lost alot more then ive won, that doesnt seem like the payout percentage they advertise, id say the only people who are up are people who have won big jackpots, and kk

i am kinda interested to see the answer, to the polls i go.

[BrianC]

I can relate 100%.

As someone who has built very large balances in my account MANY times
allow me to give you some advice.

Cash everything out except a SMALL amount to "sample" things.
I will usually keep only $50 in at a time. Since I play mostly Dbl Bonus
and Dbl Dbl Bonus Poker, I sample how things are going. I look for "activity"
such as several flushes, full houses, straights, etc.... If the $50 tanks
w/out any activity, then it's a cold cycle and I leave for a few hours then
try it again. I'll do this sometimes over the course of a few days until I
start hitting the 4 of a kinds again.

Also vary your slot games. I find usually when some types are hot, others are cold. If your small "sampler" bankroll tanks quick then comeback the next day. I do absolutely find that different days yield different results. For example: for about 3 solid months I found that on the days that my casino was awarding loyalty points the video poker was hot as hell. Constant 4 of a kinds, Ace Bonuses and 3 Royals. Then, everything went cold each time. The last and first day of a month usually does well for me to. I always figured if they made a lot of money they'd loosen things up to stay within their stated payback percentages - then again, it might be just a fluke.

I don't think everything is as random as they say. Afterall, it's a known fact that a computer can't even generate a random number so there is some other factors involved such as computer algorithms.

BTW: Have more then one casino installed. When you've won at one of them cash all the way out and play at the other. I use 3 of them - all MG casino's.
I do much better this way and have even built both of them up over $4,000 each at the same time. Usually though, one will be cold while the other is better so I balance out rather well.

-Brian

[spearmaster]

Au contraire by a long way: it is all, and only, and nothing but, the house edge.

I have to au contraire this... LOL...

The house edge is what gives the casino an advantage over the long run. But the reason casinos make money is what Simmo said - they run you down. Keep in mind casinos have deep pockets, and can outride almost any losing streak - while you, the punter, can be wiped out by a short bad streak.

If you have unlimited funds, then this of course is not the case. But most punters who go to the casino tend to say "$500 this trip", "$50 on Megabucks" and so on... and then STILL overrun their budget by pulling out the ATM card they conveniently forgot to leave at home, or by taking out expensive cash advances on credit cards because they DID leave the ATM card at home, and then they take bigger risks hoping to get back to even.

(trust me, been there, done that).

Of course, if there was no house edge, there would be no casino either - and ultimately, the more churn, the more they make. It's a bit of both - but it's definitely not only the house edge.

As for BrianC's advice (hello fellow Jersey boy) - it is almost exactly the method I follow. I deposit $50 at a time, almost never more or less. Any time I can run that to $500 or more, I cash out in increments of $500. And when I hit a cashout level, I cash out and move on to another casino if I still feel like playing.

[BrianC]

Spear - didn't know you were Jersey too. I thought you was really in Heaven...lol. What part? I'm by Seaside Hts.

Just to clarify my method. My initial deposit is usually $150. I head straight to
Video Poker (Double Bonus). If I manage to pull a 4 of a kind, I immediately
send all except $50 to the withdrawal. I then play off the quads and switch to
Double Double Bonus using the $50 I left in there. If I hit another quad, I bank again the $250. If I just hit some fulls/flushes and go over $100, I bank $50.
Always leaving $50 to play with. If I tank the $50, I then switch games and reverse $50. I keep doing this back and forth. It basically money management more then any kind of 'system'. When Vid Poker is poor, then off to some of the 'looser' slots like the 5 line reels or games like Sunquest, Carnaval and What-a-Hoot.

I am often VERY down before I end up making money which is key also.
You have to stomach large losses but there is often light at the end of the tunnel because I make it up when I enter a hot cycle on the Dbl and Dbl Dbl Bonus games. Last month I hit the Ace bonus 2 days in a row. Each time they were dealt to me!

I attached one here I got recently: