New Section on the Main Site: Max's Corner

Casinomeister

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Location
Bierland
There is a new section on the main site - "Max's Corner" where Max shares his intellectual musings and will astonish you with whatever is on his mind...:D

The first segment is here - Max at the ICE
Old URL
 

Pinababy69

RIP Lisa
Joined
Oct 15, 2004
Location
Toronto, Ontario - Canada
Outstanding!! I really like it Max. :thumbsup:

I especially enjoyed the part about MG becoming more player proactive...and the section on Lock Casino. I'd been following that thread re: Lock, and given the feedback was actually gonna give them a go. That's something for me, as I no longer try new casinos....just stick with the tried and true. But because of that thread, and the Lock rep's responses to me via PM re: ID requirements, etc. I had pretty much made up my mind to throw caution to the wind, and give them a try. I was just waiting for a link to go up here on CM, which it now has. It's nice to read Max's take on them, and to know a bit more of their background.

This type of info is invaluable to players, and I hope that many will take the time to read this section on a regular basis. Well done. :)
 

Casinomeister

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Staff member
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Jun 30, 1998
Location
Bierland
Just added his photo from the Meister Meeting.
 

bonustreak

Senior Member
webmeister
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Nov 18, 2004
Location
Home Office
Nice one Max! :notworthy Before you know it I guess you will be too important to hang at dinners with lil ole me :) Good stuff on the Lock Casino btw! I had reps approaching me left and right at the conference and I was worried to work with them since they are new and we all know that new casinos are hard to trust but now that I have seen this I think I will give them a try.
 

love2winalot

Dormant account
Joined
Feb 10, 2009
Location
Philippines/Visiting Las vegas
Hiya: This is great. It allows accurate information from the sources to those of us unable to attend these events. As far as the, "Max" cashout goes, i really can not blame the on line casinos, as this is how their brick an mortor counter parts have always done it......and the way every lottery in the world does it............As long as it is listed in the T&C upfront, then the player should be OK with it.
 

maxd

Complaints (PAB) Manager
Staff member
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Jan 20, 2004
Location
Saltirelandia
Thanks for the kind words guys, it's nice to be back in the saddle again.

As far as the 'max cashout' thing goes I have to say you're quite right @love2winalot, if it's clear and up-front in the Terms there's little to fault the casino on, and I hope I didn't come across as if I did.

My thing is that players need to fully informed on this, right down to the bottom line. If they're still ok with it then hell, who am I to say otherwise.

FWIW, I expect this very subject will be the topic for the next addition to the 'Corner'. Stay tuned.
 

Simmo!

Moderator
Staff member
Joined
May 29, 2004
Location
England
Max 'Precise Knees' Drayman said:
To be honest I figured I could skate through lunch with a few well-timed nods and otherwise enjoy my noodles in peace

:lolup:

I met Pete from Lock and was impressed wth their setup (and him) too. Always suspicious about RTG's but this one sounds different...the ex-Bodog links help.

And Micki handling complaints for Kahnawake :thumbsup: A lot of players will remember her fondly from the excellent Trident Group she ran - this is excellent news.

Hey Bryan....can I have a corner, kinda like in Blair Witch? :D
 

Pinababy69

RIP Lisa
Joined
Oct 15, 2004
Location
Toronto, Ontario - Canada
Hey Bryan....can I have a corner, kinda like in Blair Witch? :D

Yes, and we'll even give you a funny, little pointy hat to wear while you sit there. :laugh:

God, the names I could come up with for that venture. :D
 

gloria460

Meister Member
Joined
May 11, 2008
Location
Florida
There is a new section on the main site - "Max's Corner" where Max shares his intellectual musings and will astonish you with whatever is on his mind...:D

The first segment is here - Max at the ICE
Old URL


This info seems very, very promising. There's one thing though, did anyone from MCG have a reasonable explanation as to why they're not letting USA players get the new games?

I may have to retry Lock casino again. I wasn't impressed with them but word of mouth has me tempted to revisit them plus it helps to have this site to also think they're a good outfit.

The max cashout I always thought was a trap. Tonka69 won 69k but couldn't even cash out a 10th of that due to the bonus that he took with VR.
 

SlotMonster

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Apr 2, 2007
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Belarus
Great job, Max! :thumbsup:
It was very interesting reading! :thumbsup:
 

maxd

Complaints (PAB) Manager
Staff member
Joined
Jan 20, 2004
Location
Saltirelandia
Nice one Max! :notworthy Before you know it I guess you will be too important to hang at dinners with lil ole me.

Thanks, and no fear, hanging out for dinners is always on dance card. :)
 

WagerWitch

Dormant account
webmeister
Joined
Oct 16, 2003
Location
Alaska
Max - nice corner.

I actually read it - and think that the improvement steps ARE a large deal.

The max bonus cap cashout - BS to the extreme. I think if a casino does NOT want to pay a bonus - they shouldn't pay a bonus.

Period.

BoDog has an excellent view of bonuses - NONE or once in awhile for specific reasons.

WR are ok in my humble opinion but "MAX CASHOUT" bonuses get my guts.


And MOST important to ME...

You've hit on an area in your commentary that totally and COMPLETELY bothers me...

CUSTOMER SERVICE.

Personally I just think the casinos should hire me to train their staff... LMAO

But the CS in this industry is getting ludicrous.

Thanks for discussing it - it needs to be brought out into the light.

Gambling isn't something people should be ashamed of - in fact - they should enjoy it. But people are ashamed of it - and they ALLOW themselves to be treated like DOGS.

And these CASINOS are taking advantage of that.


GOOD to see it brought up!
 

felicie

Dormant account
Joined
Jan 21, 2009
Location
somewhere else
This is embarassing I can't believe I missed your 'corner'. Maybe I was out that day LOL. Anyway, it's great and I look forward to the next one. :thumbsup:
 

vinylweatherman

You type well loads
Joined
Oct 14, 2004
Location
United Kingdom
Hiya: This is great. It allows accurate information from the sources to those of us unable to attend these events. As far as the, "Max" cashout goes, i really can not blame the on line casinos, as this is how their brick an mortor counter parts have always done it......and the way every lottery in the world does it............As long as it is listed in the T&C upfront, then the player should be OK with it.

Rubbish!

The UK lottery pays the winner the FULL amount, even if there is only ONE winner for a large "rollover" week. The Spanish "El Gordo" pays out EVERYTHING, and similarly so does the Eurolottery. There is NO cap & confiscation of part of the prize fund just because individual winners have won too much.

B & M casinos control the max payout liability by SETTING MAX TABLE LIMITS, but they will NOT seize a player's chips on the way out just because they have won too much. They WILL ask a player to leave, but they can leave with everything they have won up to that point.

Staged payouts are different, these do NOT involve a confiscation of ANYTHING, but the full amount is paid in installments, instead of a big lump. There are quite a few lotteries and other prize games that do this, and many online casinos pay large winners in this way.

The difference is that if you won 60K, you would RECEIVE 60K, even if it was at 10K a week/month. Max cashout means that 50K is confisacted, and ONLY 10K is paid. The latter is an invention of online casinos, and has not been how their land counterparts have operated. The bonus structure, and the need to make players think a bonus deal is better than it is, has driven some casinos to sneak in max cashout rules.

If online casinos are afraid a player will have too big a hit, they should lower the max bet they will take on individual games, so that the biggest possible win from the game is something they can manage.

WHY does RTG, for example, have a max bet of $100 on the slots, yet some of the most restrictive cashout ceilings in the industry. Many MGS slots don't even go up to $50, and the operators can choose the coin sizes they will allow, and can adjust the max bet all the way down to the 1c coin on slots, and the 50c chip on tables.
 

Pinababy69

RIP Lisa
Joined
Oct 15, 2004
Location
Toronto, Ontario - Canada
Rubbish!

The UK lottery pays the winner the FULL amount, even if there is only ONE winner for a large "rollover" week. The Spanish "El Gordo" pays out EVERYTHING, and similarly so does the Eurolottery. There is NO cap & confiscation of part of the prize fund just because individual winners have won too much.

Ditto here in Canada, VWM. We have some lotteries, usually run by hospitals, etc. that are Cash For Life. These winners get paid a certain amount every week/month, for a certain number of years. We also have scratch cards with the same concept. But most of our large lotteries pay out the winners in one lump sum. We just had two people win the Loto Max jackpot...which was over $54 million (I think). I'm pretty sure they both have ALL their money already.

Maybe in the U.S. some (or most) lotteries do it the way that Love2Win posted...but not here. And no idea about other countries.

Back on track...Max, when is the next installment due? Are you open for suggestions? If so...I have one. :laugh:

I'd love to hear your thoughts on webmasters who to this day, insist on promoting Virtual and/or rogue properties. And further, to include players who insist on playing at them. You must have some insight, especially on the player side...given how many complaints you deal with, that maybe we don't even hear about it in re: the rogues I mean. Do you get frustrated as well? Anyway, just a suggestion. :)
 

maxd

Complaints (PAB) Manager
Staff member
Joined
Jan 20, 2004
Location
Saltirelandia
...Max, when is the next installment due? Are you open for suggestions? If so...I have one. :laugh:

I'd love to hear your thoughts on webmasters who to this day, insist on promoting Virtual and/or rogue properties.

Good question, good suggestion, disappointing answers I'm afraid:

Next installment will be a few weeks yet because I'm still trying to catch up on last year's monthly PAB reports (PAB Archives).

As to the topic, plans were to dig deep into the whole 'max cashout' thing. I've got a maths and gambling expert who wants to work with me on this so it's a golden opportunity to cut the core of this tricky subject.

Might be able to plan the "rogue buddy" webmasters thing for the future.
 

vinylweatherman

You type well loads
Joined
Oct 14, 2004
Location
United Kingdom
Ditto here in Canada, VWM. We have some lotteries, usually run by hospitals, etc. that are Cash For Life. These winners get paid a certain amount every week/month, for a certain number of years. We also have scratch cards with the same concept. But most of our large lotteries pay out the winners in one lump sum. We just had two people win the Loto Max jackpot...which was over $54 million (I think). I'm pretty sure they both have ALL their money already.

Maybe in the U.S. some (or most) lotteries do it the way that Love2Win posted...but not here. And no idea about other countries.

Back on track...Max, when is the next instalment due? Are you open for suggestions? If so...I have one. :laugh:

I'd love to hear your thoughts on webmasters who to this day, insist on promoting Virtual and/or rogue properties. And further, to include players who insist on playing at them. You must have some insight, especially on the player side...given how many complaints you deal with, that maybe we don't even hear about it in re: the rogues I mean. Do you get frustrated as well? Anyway, just a suggestion. :)

These "Cash for life" type prizes are NOT the same as max cashout limits. Winners STILL get their full amount, but in staged payments. It is similar to an annuity, but in these cases funded through the STATE (or charitable bodies), and not a private business that may not be around long enough to pay what is due under an extended instalment programme.

Good question, good suggestion, disappointing answers I'm afraid:

Next installment will be a few weeks yet because I'm still trying to catch up on last year's monthly PAB reports (PAB Archives).

As to the topic, plans were to dig deep into the whole 'max cashout' thing. I've got a maths and gambling expert who wants to work with me on this so it's a golden opportunity to cut the core of this tricky subject.

Might be able to plan the "rogue buddy" webmasters thing for the future.

THIS is what players need to know, what detriment are players suffering due to the chance that a big win (such as the RJ on an RTG slot) will ocur during play on a max cashout bonus, and thus gets mostly confisacted (and often NOT returned to the RJ pool).
 

gerilege

Meister Member
PABrogue
PABnorogue
Joined
Mar 9, 2006
Location
Hungary
The max cashout stuff is a bit inaccurate. Winning big does not influence your chance to win big again. However your true payout ratio will be lower if you are under a max cashout term when hitting big (while the casino's theoretical payout% remains unchanged).
Imagine that you deposit and lose $100 nine times without a bonus, and you get a 70% payout each time (i.e. on each occasions you are able to wager $333 before you bust your full $100). Altogether you have wagered 9*$333 (~=$3000) and lost $900, the game returned $2100 (3000-900). Now on the 10th occasion you deposit $50 and get a bonus of $50. Assume that the bonus has no wagering requirements. You bet $1, and on your first pull you hit the jackpot of $900 and you want to cashout.
Case one, no max cashout. Since your first deposit, you have wagered $3001, the game paid out $2100 (7*$233 on your 9 busted deposit) + $900 (your last win). Your true payout percentage is almost exactly 100% = 3000/3001 (and equals to the casino's theoretical payout%).
No assume that the bonus has a max cashout of 10xb ($500). Since your first deposit, you have wagered $3001, the game paid out $2100 (7*$233 on your 9 busted deposit) + $500 (your last win is capped by the max cashout). Your true payout percentage is 2600/3001 = 86,6% (and does not equal to the casino's theoretical payout%, which is still 100%).
Of course there are further aspects when bonuses come into the picture, like the fact that you use bonus money to place wagers, which will be present in the casino's theoretical payout%, but there is no deposit behind it. Therefore there might be scenarios when even a max. cashout bonus can be more profitable for the player than taking no bonus. However I only tried to give an example for the disadvantage of the max. cashout from the player's point of view.
I did not have much time to check my post completely, sorry if I mistyped/misthought something.
 
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