- Joined
- Aug 28, 2005
- Location
- Los Angeles
I am starting this thread to discuss a restriction that has been appearing lately in some casinos, both accredited and non-accredited, and that is the maximum withdrawal for slots bonuses. I believe this is a fun-killing, unfair, and predatory term because it eliminates big wins and because of the dramatic effect it has on the return-to-player (RTP), without many players even realizing it. I have seen many threads here discussing RTP and how casinos should be open about the RTP of their slots games and how horrible it is when the settings are in the low 90s or worse. However, I have not seen anything about the correlation between maximum cashout and effective RTP.
The very nature of slot machines is the opportunity to win big. I look forward to checking the thread on “winner screenshots, 1000x bet minimum.” That is what we play for when we play slots, the thrill of hitting a jackpot, etc. Well, the max cashout on bonuses all but eliminates such payouts, and along with it severely reduces the RTP to a predatory scale by truncating all the big slot hits. On a $50 deposit, all random jackpots will be truncated down from many thousands to just $500. A max hit at RTG of 50,000 x bet per line, at 10c per line will be reduced from $5000 to just $500. The effect of such a rule on RTP is astronomical. If all results for a deposit of $50 that end in a balance over $500 are truncated down to $500, what does that do to the effective RTP of such a play? I postulate that max cashout rules can reduce the effective RTP to well below 90%, if not even down into the 50 or 60% range.
This is just not a fun way to play slots. The idea of slots is try to hit big and when the cashouts are cutoff, it’s very upsetting and just not fun; having jackpots truncated just ruins it completely.
I’d like other opinions here, but I call on the casinomeister to make as a requirement for accreditation that a casino not have slots bonuses with maximum cashouts and that the casinomeister community try their best to “out” the casinos that participate in this predatory and unfair practice. Maybe together we can put an end to this practice.
The very nature of slot machines is the opportunity to win big. I look forward to checking the thread on “winner screenshots, 1000x bet minimum.” That is what we play for when we play slots, the thrill of hitting a jackpot, etc. Well, the max cashout on bonuses all but eliminates such payouts, and along with it severely reduces the RTP to a predatory scale by truncating all the big slot hits. On a $50 deposit, all random jackpots will be truncated down from many thousands to just $500. A max hit at RTG of 50,000 x bet per line, at 10c per line will be reduced from $5000 to just $500. The effect of such a rule on RTP is astronomical. If all results for a deposit of $50 that end in a balance over $500 are truncated down to $500, what does that do to the effective RTP of such a play? I postulate that max cashout rules can reduce the effective RTP to well below 90%, if not even down into the 50 or 60% range.
This is just not a fun way to play slots. The idea of slots is try to hit big and when the cashouts are cutoff, it’s very upsetting and just not fun; having jackpots truncated just ruins it completely.
I’d like other opinions here, but I call on the casinomeister to make as a requirement for accreditation that a casino not have slots bonuses with maximum cashouts and that the casinomeister community try their best to “out” the casinos that participate in this predatory and unfair practice. Maybe together we can put an end to this practice.