With all due respect that is totally misleading just like your other posts. Stop saying that a casino/game operator and the whole industry is living off 3-4% as it is laughable at best. Do you really believe that yourself? Would Wynn and friends be really billionaires? Would this industry be in such a boom over a 3-4% profit margin?
If i deposit 100$ and lose it then the casino made 100 gross profit....They have to pay though the game operator, overheads, tax etc., but it is 100$ gross profit. Period!
I'll try to explain it in a simple way. The one and only way casinos would make only 3-4% is the following:
- deposit 100$, make 100 spins @ 1$, withdraw the balance
- deposit again 100$, make 100 spins @ 1$, withdraw the balance
- ...repeat infinite times with an infinite number of players and it would average out at 96-97%, whatever the RTP for the slot is
- this would be the only way for a casino to be left with whatever edge the RTP is providing
- result would be that all casinos and game operators would go bust in a relatively short period or investors would just lose interest in the industry as you can get a higher ROI on far safer options.
However:
- when you start re-staking the "wins" from the balance after 100 spins that is when the casino is making real profit.
- the RTP is calculated on
the total of all wins a slot is giving, including the very small ones which are immediately re-staked.
- we keep re-betting our "wins" until the balance is gone
- hence, even with a high RTP for your session you still lose your deposit because you keep re-betting
- end result: the casino made 100$ profit, even when your RTP was exactly the TRTP.
The real gross profit of a casino is deposits - withdrawals! Nothing else.
I would welcome it if all would stop telling this magic fairy tale that all these so "poor and innocent" casinos live off just 3-4% as it is totally misleading uninformed, inexperienced players into the believe they can deposit 100$, play as long as they like and stand to lose only 3-4$ when they stake the 100$. We all know that it is not true!