A very simple challenge to all Casino Managers:
Publish your odds tables for each and every slot machine.
A further challenge to Price Waterhouse Coopers:
Show us your math.
Well, having played for a few years on the net, i would like to bring my contribution to this very interesting thread as many. Publishing odds tables for each and every slot machine wont give you more chances to win a jackpot or wont increase your confidence in such or such place. First of all, because everything can be interpreted with numbers and above all, no control can really be operated by a third party, whoever it is.
I think one should forget mathemathical calculations and probabilities when gambling on line simply because it has nothing to do with cartesian matters. But lets try to do a little mathematics, hoping this will help me to make myself understadable :
Imagine that we were 10 people playing at the same time in the same place during one hour with all 100 USD credits in our casino account. Imagine also that no player has ever come to that place before us. No matter what games we play during this hour but we, the ten people, are happy to play there as weve read previously a report of an audit company who stated that in this place, players can expect a 90% payout. After having played for thirty minutes, I manage to bring my account to an amount of 900 USD (how lucky i am !)and decide to cash-in. You know what it means my friends ! It means that, if no other player join us during this hour, the nine others are to loose their 100 USD and i do not need to be a physician or a seer to give your this certitude ! Effectively, to pay my 900 USD winnings, the casino (or the software used) has to take the money to other players and of course needs to pay itself (900USD for me (or the player), 100 USD for the casino) This is what means a 90% payout rate !
This brings me to this conclusion : thinking youve got one chance out of two to double your stake on the roulette playing red or black is valid in based land casinos but is just an illusion (imagination ) in on line places. Sometimes, this chance will be more than one out of two, sometimes less, depending on how appears the casino balance at a precise time !
Definitely, and the ultimate point to consider when playing online would be for me the number of people frequenting the place and betting with real money. This is the only argument that should be taken into account for me. I saw it in some places, and it is the right way i think ! But please, stop with probabilities , calcultations and so on : the chance of having a RF is not one out of 40000 ? as read here and there. If the casino doesnt have the money to pay it to you at the time you are playing, you will never have it and your chances then are less than zero.
At the end of the day, it is certain that on line gambling is a profitable business for the major actors in the place, and oppositely to what we usually think, there is not so much competitors in the arena to share a billion dollars wordwild market. That explains why we, players, need a complete transparency in our relations with online gambling places. Weve not come to this yet but we are not far from it, indubitably thanks to places like Bryan s place in a way. However, I had a dream. I had a dream that we could one day trust PCW, CWP or WCP audit reports, and then I realised that, except for state regulated places, every online casinos operate offshore. This means in countries or places where local right does not apply because the activity doesnt exist in such countries or places.
Philipfromparis