pay out rates of a rival casino

[gamblingmace]

today I received an email by a rival casino that told me this:

Quote:

"Our reports for the month of October 2009 show something quite unprecedented. The average payout rates for all our games taken together are at:

99.19% Average Pay Out Rates!

We have a few players with over $30,000 balances, including Mr. xxx from xxx that has won over $70,000 playing slots. Congratulations to all our new winners!

In case you are curious to know which games are loose, here they are:



Spy Game at 121.73%
Scary Rich 2 at 138.20%
Psychedelic Sixties at 160.18%
Rock On at 155.28%%
Scary Rich at 115.11%%
Grandma's Attic at 137.32%
Winter Wonders at 117.34%
Click on any of the Games Above and start playing Instantly! No Download Required

Those are just a few of the games over 100%. We have at least 10 more slots over 100% payout rates. It's seems it is THE time to cash in at xxx Casino."

End of quote.

I have removed the names as they dont matter. But can these pay out rates really be true? What do the experts think about it?

[slotheadlizard]

How odd? Those rates seem high to me, and not my experience! I'm glad you posted. As you said, some experts will come on and weigh in.

[cpdnd31]

I received the same email. You beat me to this post. LOL

[hippo925]

those numbers should theoretically be absolutely possible though they may not seem consisitent with our own observations. In fact, if you think about it.... it would be more odd if the payback at any casino is ALWAYS near the published payback percentage because that would mean the casino never experiences the type of variance that players are supposed to expect. You would think that a casino also has up and down variance, though of course it would never be as drastic as individual player's experiences.

Also, you cannot know how skewed those results are because of other factors, like one player with a huge bankroll that totally skewed the results for this one month or the effect of bonuses (maybe a bunch of players deposited small with large bonuses and then played forever on them.)

If the numbers are accurate, it would be a nice change from the typical 65-85% that is so common during most sessions.

[RockbetJohn]

not sure which casino that is but the payout rates don't include bonuses but they may have caused a higher payout rate. Microgaming casinos have boasted about high payout rates for a while. It does happen where players can win a lot sometimes especially if a progressive jackpot win is factored into the equation. I think I have seen River belle post a payout rate of 107% in one month. A few big wins will do this.

[NicolasJohnson]

not sure which casino that is but the payout rates don't include bonuses but they may have caused a higher payout rate. Microgaming casinos have boasted about high payout rates for a while. It does happen where players can win a lot sometimes especially if a progressive jackpot win is factored into the equation. I think I have seen River belle post a payout rate of 107% in one month. A few big wins will do this.

Ditto what John said. Just like players can have unbelievably long streaks of luck and bad luck, affiliates and operators can see streaks too. Since we have larger sample sizes it is less common for an operator to see streaks, but it does happen.

I remember reading somewhere of a Vegas casino having a negative month on a game... I think Baccarat, but I'm not sure, it was a while ago that I read that.

Kind Regards,
Nicolas Johnson
Regal Affiliates Manager

[KasinoKing]

But can these pay out rates really be true? What do the experts think about it?

I'm not claiming to be an expert here... but I am an affiliate for all the Rival casinos, and I can tell you that in an average month at 33% to 50% of the casinos the players (all added together by casino) cash-out more than their total deposits.
So I don't have any problem in believing those figures could be correct for one or two months...

KK

[DiamondGeezer]

Yes those figures could occur if they don't have many players ie small sample size. Or they could have quite a few small players but a high roller who won big.

I would worry if Ladbrokes posted those numbers though

It is interesting what you industry insiders are saying becasue a similiar thing is happening to UK bookmakers at the moment. There have been a huge amount of short odds winners in the premiership this season which has resulted in some monster payouts. For once the punters are ahead

[NicolasJohnson]

Yes those figures could occur if they don't have many players ie small sample size. Or they could have quite a few small players but a high roller who won big.

I would worry if Ladbrokes posted those numbers though

It is interesting what you industry insiders are saying becasue a similiar thing is happening to UK bookmakers at the moment. There have been a huge amount of short odds winners in the premiership this season which has resulted in some monster payouts. For once the punters are ahead

Well, the situation with bookmakers and casinos isn't quite the same. Casinos have a definitive odds. Sportsbooks don't. If a line maker makes a mistake, it can cost a book $100,000s. Casinos don't. When casinos have a negative month it has to do with Standard Deviation. This concept can be explained by the following picture:



Kind Regards,
Nicolas Johnson

[RobWin]

I remember reading somewhere of a Vegas casino having a negative month on a game... I think Baccarat, but I'm not sure, it was a while ago that I read that.

Kind Regards,
Nicolas Johnson
Regal Affiliates Manager

That could have well been a story of the late billionaire Kerry Packer! I was lucky enough back in the day to actually witness this gentleman sign several markers one night for at least 6 million while sitting in the high limit room of one of Vegas finest casinos, I'll never forget that..

Kerry Packer was a larger-than-life gambler, a mogul who signed $1 million markers as if they were checks to Con Ed. He gambled for the kinds of stakes that kick-started the adrenal glands of even the most jaded casino executives. They all knew better than to keep him waiting when he wanted to lay down a bet. But one night, in the fall of 1989, after Packer blew into Las Vegas and found his way to the newly opened Mirage, the baccarat crew was not quite ready for him.... http://www.cigaraficionado.com/Cigar...2,1779,00.html

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