Payout Percentages - one for the reps!

[james01]

How does one (the auditor) determine that ALL of the gaming data has been furnished for auditing on a month by month basis?

To audit cherry picked data will merely produce the result intended. And those results are of course accordingly worthless. Whenever I see audited online gaming reports those reports are ALWAYS qualified to the extent the audited findings are based upon the data supplied by the gaming client.

I would speculate the Enrons of this world gained legitimacy thru such data manipulation and I would further speculate online gaming would hardly baulk at such "cooking the books" opportunities.

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Tofu,

You make a valid point. Is there really any way to get reliable answers about payout percentages? I mean, in theory, the house edge in certain games (blackjack, roulette, craps) is known. For slots, though, there's no way to know except the data that the casino supplies.

Who can we trust to give us real data? I hate to be a skeptic. Moreover, the odds are that with a 98% payout schedule on their slots, an online casino will still make a killing. Wouldn't they prefer to keep players on longer to get us more interested?

 

[debbiek]

I actually think every single RTG casino is paying well below 80%. This has been going on for some time now. They are really taking advantage of a situation where U.S. citizens have very little choice. Personally, i have closed accounts at all RTG casinos where i used to play often.

Until they change their greedy ways, it would be great if there was a total boycott of these places. You very rarely hear about anybody winning anything of significance there but rather constant losing. They are all just "donation' casinos. If you have an urge to donate, play at any RTG.