4 of a kind
Repeated violations of forum rule 1.16 - troll
- Joined
- Mar 11, 2009
- Location
- New York
One of the major concerns and conversations here are the casinos Return to Player settings (RTP’s).
Regardless how reputable any one online casino may be, their will always be doubts of fair play simply because no one knows for fact how any online casino must operate. We all know or read about how it was in the early days of Las Vegas (1946) when gambling was totally unregulated and under the control of the mob. Las Vegas didn’t become what it is today until the government publicly ridded the mob, and put in place gambling regulations being enforced by regulators.
Without online regulation being shared with everyone and a single online regulatory body where all complaints should be handled (state or country) doubts of online fair play will never end. Online players need to know if the owners given a license to operate are straight up. For all we know it's no different then the early days of Las Vegas. Online players know nothing about any online casino or its operators, except for the couple that trade publicly. Online players have to trust what's being said by third parties that want to remain anonymous. This type of information could never be considered serious regardless who says it is.
Being able to change RTP settings on the fly would be a huge advantage for online casinos. Some say they can, and others say they can't. Some say they have only 3 different settings, some say their choices are endless. No one knows for sure one way or the other, nor could anyone make a confirmed argument one way or the other. All online players have to go by is their own personal experiences, and no one could spin enough on one game to confirm any RTP setting.
Unless regulators report actual monitored monthly RTP settings no one could take what any hired lab reports not knowing for sure what the online casino sent them in the first place serious.
Lowering RTP settings is not a crime and all casinos need this ability to control income especially online. But, players want to know how low is the lowest they can go and what they have to go through in order to make these changes.
Below is a list of regulations that New Jersey must abide by to lower or change their RTP settings. This alone pretty much confirms in New Jersey it can’t be done on the fly.
After reading this can anyone tell me what online casinos must do?
In Atlantic City the payback percentage is 83%. Most slots pay in the neighborhood of 90% over time, but the point here is that regulatory agencies do not allow a casino to flip a switch and change the payback percentage. The regulators want to reliably know that machine #xxxxx will operate in X manner and will pay back X percentage over time. No surprises. No mysteries.
And how do the regulators enforce the rules? Let's look at how the process is handled in New Jersey...
Every RNG in Atlantic City is individually certified and sealed by New Jersey’s Division of Gaming Enforcement. A casino CANNOT change a machine's payback unless the casino does the following...
• The casino makes an application to the DGE.
• The machine is opened under DGE supervision.
• The DGE breaks the processor's seal and supervises the program/chip replacement.
• The DGE creates a new seal, and re-certifies the machine.
The Division of Gaming Enforcement maintains a database of every slot machine in the state of New Jersey. The specific payback percentage of every machine is part of that database. Every RNG is numbered and tracked.
The above procedures are typical for most regulatory agencies throughout the U.S.
Regardless how reputable any one online casino may be, their will always be doubts of fair play simply because no one knows for fact how any online casino must operate. We all know or read about how it was in the early days of Las Vegas (1946) when gambling was totally unregulated and under the control of the mob. Las Vegas didn’t become what it is today until the government publicly ridded the mob, and put in place gambling regulations being enforced by regulators.
Without online regulation being shared with everyone and a single online regulatory body where all complaints should be handled (state or country) doubts of online fair play will never end. Online players need to know if the owners given a license to operate are straight up. For all we know it's no different then the early days of Las Vegas. Online players know nothing about any online casino or its operators, except for the couple that trade publicly. Online players have to trust what's being said by third parties that want to remain anonymous. This type of information could never be considered serious regardless who says it is.
Being able to change RTP settings on the fly would be a huge advantage for online casinos. Some say they can, and others say they can't. Some say they have only 3 different settings, some say their choices are endless. No one knows for sure one way or the other, nor could anyone make a confirmed argument one way or the other. All online players have to go by is their own personal experiences, and no one could spin enough on one game to confirm any RTP setting.
Unless regulators report actual monitored monthly RTP settings no one could take what any hired lab reports not knowing for sure what the online casino sent them in the first place serious.
Lowering RTP settings is not a crime and all casinos need this ability to control income especially online. But, players want to know how low is the lowest they can go and what they have to go through in order to make these changes.
Below is a list of regulations that New Jersey must abide by to lower or change their RTP settings. This alone pretty much confirms in New Jersey it can’t be done on the fly.
After reading this can anyone tell me what online casinos must do?
In Atlantic City the payback percentage is 83%. Most slots pay in the neighborhood of 90% over time, but the point here is that regulatory agencies do not allow a casino to flip a switch and change the payback percentage. The regulators want to reliably know that machine #xxxxx will operate in X manner and will pay back X percentage over time. No surprises. No mysteries.
And how do the regulators enforce the rules? Let's look at how the process is handled in New Jersey...
Every RNG in Atlantic City is individually certified and sealed by New Jersey’s Division of Gaming Enforcement. A casino CANNOT change a machine's payback unless the casino does the following...
• The casino makes an application to the DGE.
• The machine is opened under DGE supervision.
• The DGE breaks the processor's seal and supervises the program/chip replacement.
• The DGE creates a new seal, and re-certifies the machine.
The Division of Gaming Enforcement maintains a database of every slot machine in the state of New Jersey. The specific payback percentage of every machine is part of that database. Every RNG is numbered and tracked.
The above procedures are typical for most regulatory agencies throughout the U.S.