LV Bet RTP Changes

Jeeezus - and people thought Rival and RTG were bad! :eek:

I never thought I would see the day when NetEnt & MG games were running at 94%.
It doesn't make any sense either - the casino still makes money at 98%, so all they are doing is reducing play-time which will turn players away :mad:

KK
Won't Netent and MG also make more money? assuming they take a percentage of that 6% profit, as their fee
 
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I already cut my game or 90% of what it was. Its been days without a real gamble and I don’t feel good about it anymore. Why the fuck does netent offer 94% versions? Seriously retarded. MG also retarded. Providers are giving tools to greedy people to be even more greedy. In 2 years, a game over 90% will be excellent. You wont see me playing though. A new roulette with a 000 will appear, dumb, dumber and dumb MF.
 
I found the comment he made about reducing RTP will help problem gamblers stop gambling ridiculous Why would low rtp help problem gamblers? They would just move on to bingo and scratch cards poker roulette or am I missing something.

Making slots RTP around 30-60% would reduce amount of new problem gamblers in future, these would be much less likely to cause problem gambling, reason why these RTP:s are high (significantly higher than in old land based machines) is to make them more tempting for players, not because casinos want to give more money to players. Making these winnings sessions once in two years events would take a lot away from slots.

Other well working thing would be mandatory 7 days pending period for withdrawals, would also make games much less tempting to play and get in troubles.

Before online slots, there were much less problem gamblers, even though bingos and scratch cards been existing for ages. These would for sure work but there is nobody who really would want to stop cash flow of these, these companies also pay taxes and make money for so many that it's more benefical for many to make these 3 second spin, no credit cards etc... restrictions and tell how efficient they are, soon we can start to compare data how much these changes have reduced problem gamling, not much is quite strong guess.

Would be much better just stop these funny regulations which are only meant to look good as there's no real will to make gambling much smaller business anymore like it used to be, so much easy money available long as people keep playing these games and some amount of them believe that they can win if RTP is 96% instead of 94%.

If you would leave only games which are causing less gambling problems, it would cut most of these pure lucky games and leave games where even some skills are needed, many compulsive gamblers just don't play them a lot as you need to be good and make much more effort than deposit and start slot spinning, in poker you just can't blame rigged games or bad luck if you are not good enough to beat others or beat market in sport betting etc... Existing problem gamblers probably would throw heads and tails between them but getting rid of these fast pace games would reduce gambling problems or at least is quite common outcome for most of studies.

According to Help Guide, electronic gambling games may be the most addictive gambling games out there. Help Guide suggests that gamblers who play using electronic machines become problem gamblers almost three times earlier than those who stick with table games and racetrack gamblers. The exact numbers are 1.08 years for an electronic machine gambler to become addicted, versus the 3.58 years that is average for table game and race track gamblers to become addicted.

The Illinois Institute for Addiction Recovery considers these types of gambling - slot machines and video poker - to be the "crack cocaine" of gambling. The Institute claims that it is their immediate gratification that makes video poker and slot machines so very addictive. Also, the Institute has found that gamblers progress much more quickly to the dangerous phases of
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when playing these electronic machines.

edit: Should add smileyes to these posts nobody to take them too seriously :) But these would be valid routes to reduce problem gambling, there is just nobody who wanna do it :)
 
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I found the comment he made about reducing RTP will help problem gamblers stop gambling ridiculous Why would low rtp help problem gamblers? They would just move on to bingo and scratch cards poker roulette or am I missing something.
I agree. A drop from 96% to 94% isn't going to stop an addict playing, whether they know about the change or not. Although I doubt they'd move on to bingo.

They're just going to end up depositing more, chasing losses or to get enough playtime to satisfy them for the day.

You only need to look at the Gamstop players, who've started playing at dodgy non-licensed casinos in order to get their fix. Even though they know/suspect there's a chance they won't be paid if they win.
 
ENERGY Casino have also got a message when you sign in - numerous Pragmatic Play, Microgaming and Gnatent slots have had 2% or so shaved from the RTP, so now Microgaming are at it too.... :(
 
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Making slots RTP around 30-60% would reduce amount of new problem gamblers in future, these would be much less likely to cause problem gambling, reason why these RTP:s are high (significantly higher than in old land based machines) is to make them more tempting for players, not because casinos want to give more money to players. Making these winnings sessions once in two years events would take a lot away from slots.

It's just that, the intensity of casino's wether it's online or landbased, is risen so much over the last 10 to 20 years. Even in the UK some streets do have nothing else then just betting, bookies, the whole frigging thing. In germany was the same trend going on. 20 years ago you coud'nt imagine that from that point to now in the future these gambling halls would be all over the place, even taking place in gas stations.

Everybody is taking profit from it, including the goverment. But people who where supposed to put money back into the economy in relation of a new kitchen, car, redecorations and such, all throw it into online slots now. How many more suicides, crime and poverty do you need as a goverment to put an end to these greedy business who are only out for your money.

They pulled the plug on your gaming time; they want more. And it was always defended here how great and succesfull online was compared to landbased. We dont need landbased anymore it was said. Well screw that. Landbased suddenly got more attractive again. Who cares about the games they dont have. I bet they have a very good selection of games to get you going.

The only way to stop this development of slots being more and more expensive is to stop playing. Simple as that. I voted with my wallet; and really they had a very good player on me for while it lasted; but i pulled the plug. And i feel BETTER now. Going back to kickboxing and training again, planning a next year's holliday, being fully productive in what i do again. I just forgot about the idea that they need me and i dont need them.
 
Dear All,

Apologies for the delay in getting back to you all. I did not mean any disrespect by viewing the thread and not answering earlier.

While we understand that this is not an update that anyone was looking forward to, we had announced in a separate thread that changes in certain games' RTP was to happen going forward.

And like we stated there, we pride ourselves on being transparent with any changes done to our website to ensure that the customer's choice is respected when picking a site to play on.

With regards to the issue of Achievements on Microgaming, we apologise for this. Unfortunately Microgaming's System recognises the change in RTP as being a completely new version of the game and resets all achievements. I'm extremely sorry for this but I'm afraid this isn't something we can fix from our end.

Guys and Girls, I understand me saying the above doesn't change the facts of the decisions taken. However myself and the amazing team behind LV BET can assure you that we appreciate and take into account all the constructive criticism given by all of you here.

Without you Meisters, LV BET wouldn't be where it's at and we do take into consideration everything you state about our website. At the moment, I'm afraid these are the decisions that need to be taken, however we are always looking out for new ways that we can improve the experience for all our players.

Kind Regards
Tyler
LV BET
 
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Hi Guys.

I am just posting a small update here to inform you all that RTP changes have now been done to Pragmatic Games Slots too. Every player will receive a pop up with this information and all game descriptions have been updated with the new RTP.

Kind Regards,
Tyler
 
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Its for money money greed and greed because they can. Tired of hearing its a buisness decision. As long game providers supply lower RTP casinos will choose them just because. In my opinion all online casino and reps are not being up front with the truth and its greed and money period. Sad thing these new lower RTP will become the norm then I bet you lower RTPs will be made again and again and well here its a buisness decision and that it is but its a sneaky crooked way to try to smooth things over. The game providers and casinos are all started to act like a government buisness and its BS and smells like it too.
 
Novibet still offer 96% versions if anyone's interested in maintaining those rtp variances. I've had zero issues with them to date, great casino and happy they're not lowering any rtps of any games, including play n go
 
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Wonder how many players actually check the RTP and think it makes a difference?..

Yes us seasoned folks on here, but say the average joe or some poor sap watching a streamer..

RTP is massive, especially if you play regular.

credit to L&L and also LVBET for telling us as many don’t.

do all whitehat/caddell sites not offer the full RTP, pretty sure most do my last check, as @colinsunderland said also unibet..

And skyvegas? What is the RTP on there? They pay beyond fast.

do we not have a RTP kind of guide here to let the player know the score regarding the casinos?

didn’t @Kroffe start something similar? If not apologies for awakening him from his honey.
 
Lowering of RTPs provides casinos with short term gain but medium and long term loss.Seasoned players who do in fact provide the most turnover for casinos soon realize their game play is much worse because even a small tweak of 1% lower makes a big difference. Before long they either stop playing with casino or reduce their losses by playing less. They generally find fairer places to play and why not. It’s actually a very poor business decision but desperate times call for desperate decisions. Experienced players should boycott greedy casinos otherwise , if they survive, it just encourages their competitors to do the same.
 
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Imo I have always believed that a slot can be adjusted to whatever percentage you want it to pay. I cannot believe with today’s technology that it isn’t very simplistic to do.

Luckily for you, it's not possible...

We spend a long time tuning games to certain RTP's in order to get them to play well at those RTP's. Each RTP costs money to have tested as well, so how exactly you think it's possible to do this easily is beyond me...

That said, you don't work in the industry making games, so i understand why you might have the simplistic view that "it should be easy to adjust to any RTP".. and yes, there are of course mechanisms that COULD make this simple, but just because it can be done easily, doesn't mean it would make sense to do so in any way.
 
Still wonder how easily people here see right away 1-2% difference in RTP after playing little while, i'm still happy to make a bet from 1000 euros/pounds or what ever currency is preferred if somebody would like to blindtest and tell from 5 slots which 2 are running with 94.xx instead of 96.xx, as it's so easy like many state, it should be easily done if there's one day per game (from many comments it seems that not many hours even is needed as you can see how it plays right away). Any takers for easy money?

From PnG team dev team who make these maths, nobody couldn't accurately tell difference in gameplay but only from very long simulation where amount of spins was bit more than million or something (and then only analysing them afterwards from results, not during the gameplay when you can't store all results to your head from that many rounds really easily), so if somebody wanna take easy bet, just recognize 2 from 5 and get thousand, let me know and we can arrange test environment and judge from this forum to see it's fairly done.

Any game from PnG what's made with different RTP:s can be taken, these should be easy to recognize as people report lower RTP:s after one session as they so clearly play differently.
 
@LV BET
Why have the helpfiles for MG games disappeared?
That's the '?' in the top left-hand corner of the game, which declares the RTP of each game?
Don't the UKGC regulations state that the RTP for each game should be available to view?

Your message to customers also says...
"Please note that the newly adjusted RTP can be viewed within the game’s menu,
as the game's description will also be adjusted accordingly."
 
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