Online Casinos - Casinomeister Logo Online Casinos - Casinomeister
Page 1 of 2 12 LastLast
Results 1 to 10 of 19

Thread: Something to ponder about...

  1. #1
    kimss's Avatar
    kimss is offline Senior Member
    Join Date
    Feb 2006
    Location
    Norway
    Posts
    721
    Thanks
    132
    Thanked 543 Times in 234 Posts
    Rep Power
    42
    Reputation Points: 2887

    Something to ponder about...

    A fresh perspective on "bad luck"... Since in my online gambling experience this seems to be a very consistent behaviour from the casino operators.

    How come, in the beginning of an account - >5000 deposited, you will not get any manager bonuses for loosing streaks. But after this they throw $500 at you all the time when complaining.

    Could it be they know they stand nothing to loose? Atleast statistically it's a no brainer. It makes me wonder.

  2. The Following User Says Thank You to kimss For This Useful Post:

    pacers31 (11th April 2008)

  3. #2
    chuchu59's Avatar
    chuchu59 is offline gambling addict Achievements:
    Veteran25000 Experience PointsSocial Magnet!Friends R Us
    Join Date
    Sep 2004
    Location
    SOMEWHERE IN ASIA
    Posts
    5,641
    Thanks
    1,249
    Thanked 3,628 Times in 1,931 Posts
    Rep Power
    157
    Reputation Points: 19940
    Yep, you are right. They have nothing to lose. Besides, you only complain after you lose quite a bit. They respond by giving you freebies in the hope that you will deposit and lose more.

  4. The Following User Says Thank You to chuchu59 For This Useful Post:

    oyw7862 (10th April 2008)

  5. #3
    kimss's Avatar
    kimss is offline Senior Member
    Join Date
    Feb 2006
    Location
    Norway
    Posts
    721
    Thanks
    132
    Thanked 543 Times in 234 Posts
    Rep Power
    42
    Reputation Points: 2887
    Another one, have you ever heard the argument for low payout?

    Most of the games are bonus round based, so unless you don't get the bonus round you cannot expect a fair payout. You were unlucky.

    A typical answer if loosing $500 in $5 spins, since there is not enough statistical spins to be accurate.

    On the other hand, if you then deposit say a $1000 more, and do infact manage to get many a few bonus rounds, even with retriggers, however they do not pay at all since spins give squiltch.

    You still get the same answer, you need the bonus rounds. When confronting them with the fact you had several, however they pay nothing...

    There seems to be no more arguments to offer as an explernation. To bad it's the player doing the risk all the time...

    We are back to the endless bad luck!

  6. The Following 3 Users Say Thank You to kimss For This Useful Post:

    kakata (10th April 2008), oyw7862 (10th April 2008), pacers31 (11th April 2008)

  7. #4
    venetian's Avatar
    venetian is offline Senior Member Achievements:
    Veteran25000 Experience PointsFriends R Us
    Join Date
    Nov 2003
    Location
    Oklahoma
    Posts
    583
    Thanks
    196
    Thanked 153 Times in 113 Posts
    Rep Power
    40
    Reputation Points: 849
    Okay now evryone don't blast me too hard for this reply.... First of all every gambler takes a risk. As long as you are with a good casino that CM has blessed you are ahead of the game. You sound like you are a big player and that you enjoy slots. My advice would be that you learn (with auto hold you don't even have to do that) video poker. Played correctly you have a much greater chance of having a winning session rather than a losing one. Slots are the casinos bread & butter, they know they have a huge house edge. Take your bets down a bit, if you're ahead a couple hundred, cash out. Winning is as much about money management as it is with having good luck. When I go to the B&M casino if I play slots I will eventually lose, even with a decent win or two. But with VP the wins are so large you are bound to take a bundle home more times than not. This has been a lesson to me as I gave in to the lure of the slots and abandoned VP for about a year. When I went back last month to exclusively playing VP I won a royal each time I went and then a bunch of other good paying hits. You might just try it once and see how it goes. Let us know.
    Venetian

  8. The Following User Says Thank You to venetian For This Useful Post:

    catrina m (11th April 2008)

  9. #5
    pacers31 is offline Banned Used - Repetitive violations of rule 1.1 (no flaming) and rule 1.14 (no trolls)
    Join Date
    Jan 2006
    Location
    Californication
    Posts
    646
    Thanks
    229
    Thanked 301 Times in 179 Posts
    Rep Power
    0
    Reputation Points: 1496
    I too wonder about this "bad luck" thing kimss. I have played online for over 5 years now and I have lost somewhere in the neighborhood of 60K. I can count the number of withdrawls on one hand that I have made in that time. (o.k., maybe two hands if you count the times I could have and screwed up and kept playing!) Of that 60K, I only collected back about 5K total. Could have been around 9K if I had cashed out when I should have some times. Still, that is a good old fashion ass kicking in my book, and I am now retiring from the online version of gambling. I will contribute to the indian places around here from now on if I want to play. At least I know I am playing at a place with regulated action that is overseen by the state. Fuck this, there is so much more to do. Bye all, I'd say good luck with this online thing, but that would give you false hope. I just plain give up.

  10. #6
    pacers31 is offline Banned Used - Repetitive violations of rule 1.1 (no flaming) and rule 1.14 (no trolls)
    Join Date
    Jan 2006
    Location
    Californication
    Posts
    646
    Thanks
    229
    Thanked 301 Times in 179 Posts
    Rep Power
    0
    Reputation Points: 1496
    Sorry Venetian, but I don't believe you hit a royal every time you played VP. That is really absurd.

  11. #7
    bpb
    bpb is offline Senior Member
    Join Date
    Jun 2004
    Location
    Haverhill
    Posts
    536
    Thanks
    2
    Thanked 158 Times in 83 Posts
    Rep Power
    38
    Reputation Points: 934
    Quote Originally Posted by kimss View Post
    A fresh perspective on "bad luck"... Since in my online gambling experience this seems to be a very consistent behaviour from the casino operators.

    How come, in the beginning of an account - >5000 deposited, you will not get any manager bonuses for loosing streaks. But after this they throw $500 at you all the time when complaining.

    Could it be they know they stand nothing to loose? Atleast statistically it's a no brainer. It makes me wonder.
    They do have something to lose. All no-deposit bonuses have value. The playthrough requirements and intelligence of the player determine the expected value.

    Now in the case of compulsive gambling rejects, the casino stands to make more money by throwing them a bone. A small win on a free bonus might lead to countless more deposits in the future. The more money the player deposits and wagers, the higher his lifetime expected loss.

    It's all psychology, and it works very well on your average ploppy.

  12. #8
    bpb
    bpb is offline Senior Member
    Join Date
    Jun 2004
    Location
    Haverhill
    Posts
    536
    Thanks
    2
    Thanked 158 Times in 83 Posts
    Rep Power
    38
    Reputation Points: 934
    Quote Originally Posted by pacers31 View Post
    I too wonder about this "bad luck" thing kimss. I have played online for over 5 years now and I have lost somewhere in the neighborhood of 60K.
    Your expected loss was probably very close to your actual loss. Games play so fast online, and it's so easy to increase your bets, that when playing carnival games with 2-5% house advantages, the money goes fast. God forbid playing slots with 5-10% house advantages.

    Congratulations on not killing yourself, as I probably would have done that after 60K in losses. At least you've stopped the bleeding online. Though it still seems you're resolved to continue pissing away money at the live casinos.

  13. #9
    happygobrokey's Avatar
    happygobrokey is offline the bomb!
    Join Date
    Jul 2006
    Location
    canada
    Posts
    1,179
    Blog Entries
    1
    Thanks
    457
    Thanked 718 Times in 524 Posts
    Rep Power
    45
    Reputation Points: 3594
    harsh, dudes! mellow out, man.
    +++ like a midget at a urinal, i was going to have to stay on my toes +++
    . . . +++ if you can read this, well done you +++ . . .
    +++ and don't call me shirley +++ ...R.I.P. Leslie Nielsen...

  14. The Following 2 Users Say Thank You to happygobrokey For This Useful Post:

    chuchu59 (12th April 2008), NASHVEGAS (12th April 2008)

  15. #10
    pacers31 is offline Banned Used - Repetitive violations of rule 1.1 (no flaming) and rule 1.14 (no trolls)
    Join Date
    Jan 2006
    Location
    Californication
    Posts
    646
    Thanks
    229
    Thanked 301 Times in 179 Posts
    Rep Power
    0
    Reputation Points: 1496
    bpb, you do realize this is a gambling forum don't you?? You seem to consider us as online compulsive gambler rejects. My question is this, Why are you here to comment on the evils of gambling, knowing that this is a pro gambling site?? Also, I have no idea if your math and analysis make any sense either. Not sure how you gauge what is normal losses. In any event, you surely don't want to get into name calling around here, you won't like the results. It is comforting to know that we have a psychiatrist, mathematician, and evangelist all wrapped up in one here at CM! LOL!

Page 1 of 2 12 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Legal Statements and Privacy Policy
Casinomeister.com does not intend for any of the information contained on this website to be used for illegal purposes. You must ensure you meet all age and other regulatory requirements before entering a casino or placing a wager. Online gambling is illegal in many jurisdictions and users should consult legal counsel regarding the legal status of online gambling and gaming in their jurisdictions. The information in this site is for news and entertainment purposes only. Casinomeister.com is an independent directory and information service free of any gaming operator's control. Links to third party websites on Casinomeister.com are provided solely for informative/educational purposes. If you use these links, you leave this Website.