Rigged or Current Times

[4 of a kind]

I think the majority of complaints, and accusations of rigged especially over the last several months is a result of the actual settings of RTPs.

With pretty much all different parts of the world being in a recession one way or the other for over a year now, online and including land based casino businesses are feeling the crunch more so then other forms of business. Other then the compulsive degenerate gambler, for most other players the gambling thrill is a luxury. Ive noticed things slowing up just about everywhere I go recently. I even noticed towards the end of last season the ease of getting t-times any time I requested at golf clubs.

So, we all know times are bad for some and even worse for others. With the UIGEA in 2006, all the endless bullshit with processors screwing players and casinos, economy at its worst, wars,etc.; all this commotion slowly fell into place over the last 4 or so years, which brings us to today.

When the people are uncertain and feel threatened and insecure by current conditions and events, people tend to tighten up. Taking the whole family out every Friday night for dinner is now being replaced with pizza delivery.

The amount of people that were gambling has dwindled down a lot. The people that are still gambling are risking much less and doing it less often then before.

The casinos online and land base of course over the last few years no doubt are feeling the crunch, being confirmed from their accountants yearly confirmation.

They too were spoiled by the good times; Im sure with great profits. Especially over the last year we all have seen casino after casino go belly up, or get bought out by another.

They have no choice but to fight for survival. With players disappearing and deposits getting smaller they have to lower the RTP. I bet its presently set at the lowest possible for most casinos. With all the chat and complaints all over the forums about RTP settings, wouldnt you think if it were set at 97% many of the casinos would step forward and actually brag about their settings. This could be a good reason why no one wants to come forward.

In addition their ridicules bonuses now being offered with ridicules W/Rs is another way of lowering their exposure, and showing more concern in their attempts to keep even the smallest deposits.

Im certain that we the players that are still playing and have been consistently over the years are completely able to recognize the drastic RTP setting change especially over the last year. After being spoiled in the past by generous RTP settings, the lower settings are causing many to cry foul and rigged.

Casinos no longer have the volume to enjoy great profits with just a 3% house edge. So if you don't have the pockets to wait long enough for the big hit that keeps you in the game, maybe now is the time to pull up and get out.

 

[jod5413]

Good post, 4 of a Kind!

Because of the UIGEA, there are less players, which equals less spins or hits, which means fewer payouts, even without changing the RTP.

The strong will survive (casinos that go that extra mile to please players), the weak (Gawd, too many to list) will go Bye Bye.

 

[nisosbar]

Casinos no longer have the volume to enjoy great profits with just a 3% house edge. So if you don't have the pockets to wait long enough for the big hit that keeps you in the game, maybe now is the time to pull up and get out.

That's about where I'm at, very close.

 

[skiny]

Pretty much all casinos that are willing to answer the question tell me they pay out 95% to 97%

Then when I ask what mine is personally I get told it's around 80%

 

[AussieDave]

Because of the UIGEA, there are less players, which equals less spins or hits, which means fewer payouts, even without changing the RTP.

That hits the nail on the head

Before the UIGEA re-spins on slots like Thunderstruck; Ladies Nite; Spring Break ect... Would actually pay something decent. These days you can get re-spins on re-spins and get absolutely sweet fa.

I don't think casinos have been tinkering with the RTP. OK so RTG can. Others, who really knows



Cheers



Dave

 

[cameronlove4]

Thanks "4 of a kind" for the informative post. I have heard about the reading but I never believed it. Your post has definitely revealed the secret. The two factors mentioned by you of such rigging (recession, UIGEA and low turnout) is definetely making these casinos hungry for money (either by hook or crook).

In fact, I believe, our economy will come get some relief from this recessionary problem if it legalizes, regulated and slaps tax on online gambling rather than stopping it completely. This will help the Govt. to earn huge amount of revenue and in turn channelize the fund towards creating jobs.

Thanks for the post again.

 

[Jane_E]

Casino dont payout 95-97% no chance at al First players get a big bonus , second they pay to webmasters who send them to the casino like casinomeister here ! and i now webmasters who send players to casino make huge money !

So ofcorse casino can not payout 95-97% impossibal maybe 80% are more close the true !

 

[KasinoKing]

Casino dont payout 95-97% no chance at al First players get a big bonus , second they pay to webmasters who send them to the casino like casinomeister here ! and i now webmasters who send players to casino make huge money !

So of corse casino can not payout 95-97% impossibal maybe 80% are more close the true !

If I may say so, I think you are making a common error as to what those figures mean.
If a casino says their games average a return of say 95%, that doesn't mean, for example, that players cash-out $950 for every $1000 deposited.

If you deposited $1000 and wagered that ONCE through a 95% return game you would have $950 left (on average).
But who only wagers their deposit once?
So you wager the $950 through, and end up with 95% x $950 = $902.50
Wager that through & it becomes $857.38
... and so on until your balance is $0.00

That casino can quite honestly say the game pays out 95% - even though you cashed-out 0% of your deposit.

I honestly have no idea at all how much casinos actually pay out, but I would guess it's only about 15 - 20% of total deposits in a given month.

KK

 

[NASHVEGAS]

If I may say so, I think you are making a common error as to what those figures mean.
If a casino says their games average a return of say 95%, that doesn't mean, for example, that players cash-out $950 for every $1000 deposited.

If you deposited $1000 and wagered that ONCE through a 95% return game you would have $950 left (on average).
But who only wagers their deposit once?
So you wager the $950 through, and end up with 95% x $950 = $902.50
Wager that through & it becomes $857.38
... and so on until your balance is $0.00 That casino can quite honestly say the game pays out 95% - even though you cashed-out 0% of your deposit.

I believe you are referring to the hold or drop* for a specific game. The hold/drop will be far greater than the house edge as player's cycle thru their original deposit/purchase, time and time again allowing the house edge to chip away at the same money. The longer the play, the greater the hold/drop for the casino.

*=Keeping it simple and not getting into how credit factors into calculating the drop percentage

I honestly have no idea at all how much casinos actually pay out, but I would guess it's only about 15 - 20% of total deposits in a given month.

KK

Correct, at least for Vegas as ~ 85% players will play until their bankroll equals my college grade point average.(ZERO or $0.00)

Peace and it is Sleepless in Nashvegas so not proofing for errors

 

[cameronlove4]

I agree with Casino King. "Payout" term is the most common mistake we tend to do. In fact, a year ago, I also had the same impression until a close friend of mine cleared my views on the confusion.

I also wanna add that JaneE was referring to the affiliate commission. In fact, the cut-throat competition in the online casino industry has led the casino websites to pay a commission of up to 60% of the revenue per lead. Please correct me if I'm wrong.

Thanks,
Cameron

 

[Wildfire7]

It does make sense that in uncertain financial times players maybe depositing less, and with more casino mouths to feed they may not be satisfied with having just the house edge to profit.

For me there is a lot to be said about fixed odds betting. Especially where internal forces cannot manipulate the outcome. This is why I tend to only play at casinos which also have a good sportsbook. Personally I have never believed reputable online casinos cheat.

But casino odds in general are very poor and the gameplay is very fast paced. So expectations at the tables and slots should not be unrealistic. Making 10 or 15 bets a minute is a fast paced form of wagering and I can't help thinking that some players just race through their bets to try and somehow force a win.

Mike

 

[4 of a kind]

So expectations at the tables and slots should not be unrealistic. Making 10 or 15 bets a minute is a fast paced form of wagering and I can't help thinking that some players just race through their bets to try and somehow force a win.Mike

These type of comments should be saved for newbie threads. As for us veterans of online gaming 10 or 15 bets per minute is old school. I could get off 25 hands per minute playing video poker.

Veterans have mastered their favorite games and can fly online, so nothing has changed as far as the speed anyone plays online. Everyone knows that as of late what it cost for 1 hour of action, now only buys you 30 minutes.

The objective of this thread was to give another thought has to why the complaints of foul play have skyrocketed in the past year or so.

I'm still a firm believer that online casinos RTP's are set at the max lowest payout scale possible as a result of financial trouble times, and are just fighting for survival. Just read the land based casino financial reports where everything is public, and how their suffering. Land based casinos can cut operational costs all over the place that could actually bring them back into the black. Most if not all online casinos already operate with the bare minimum, and really have no where to reduce costs. Their only choice is to reduce RTP's and reduce payouts. This would include all software, not anyone in particular.

In addition I see nothing wrong with this tactic, and look forward to better years to come with better RTP's.

 

[AussieDave]

casino websites to pay a commission of up to 60% of the revenue per lead.

An affiliate program may offer as an incentive 50% or even a 60% to new sign-ups. But these last at most (least what I've seen) for the first three months. Then they revert back to the industry standard ball park of a 25% base.

However I don't see what this has to do with this thread.
IMHO it's nothing more than a misguided red herring formed from misinformation.

If you honestly think that the likes of 32red, iNetbet and other well established and accredited casinos would tweak the RTP based on your theory, may I suggest you follow your own admission.

learn the gambling games

You posted that on the 25'th Feb 2010, 3 days ago, now your an expert, give me a break.

But wait there is more. I find this posted on the 23'rd of Feb 2010 giving advice about gambling Of course with a nice little link to your gambling site embedded in that post.

You do not have permission to view link Log in or register now.

From a cynics point of view, your posts are looking more and more like that of a troll with everyone I read. Nothing makes sense. They certainly don't gel with your claims of being a noobie gambler either.


Cheers



Dave