Scary thoughts about Casinos

[LaHutti]

They could, but it would be really stupid since they would go out of business if they got caught.
Most casinos will win in the long run anyway. One thing to be scared about is new casinos trying to make fast money. Always do your homework before you sign up to any casino.

Just a small correction here....that should say "ALL casinos will win in the long run anyway"....
That's the whole point...they don't HAVE to cheat...they WILL win.
And yes, the ones to stay clear off, are the ones trying to make a quick buck.

 

[Tirilej]

Just a small correction here....that should say "ALL casinos will win in the long run anyway"....
That's the whole point...they don't HAVE to cheat...they WILL win.
And yes, the ones to stay clear off, are the ones trying to make a quick buck.

Don't be so picky about a word
...or I could say that most gamblers will lose in the long run.

A few gamblers quit when they are winning and a few casinos go broke

 

[LaHutti]

Don't be so picky about a word
...or I could say that most gamblers will lose in the long run.

A few gamblers quit when they are winning and a few casinos go broke

ok...not being picky, but the casinos that go broke, do so because they didn't have the needed cash, to start in the businees to begin with, OR they don't know math. In either case, they should have never entered the scene. The keywords are "in the long run"

 

[Tirilej]

ok...not being picky, but the casinos that go broke, do so because they didn't have the needed cash, to start in the businees to begin with, OR they don't know math. In either case, they should have never entered the scene. The keywords are "in the long run"

Sir Hutty, I promise I will wipe that line out from my keyboard

 

[TheLastCylon]

What happened to our friend the Tin Foil Hat Commando? He's apparently been banned.

 

[Gremmyboy]

What happened to our friend the Tin Foil Hat Commando? He's apparently been banned.

I wondered that too?

I remember Nifty mentioning that his posting style seemed familiar and that he suspected that he was an old or previousy banned member?(Not Niftys exact words, I'm Paraphrasing!)
So perhaps Nifty Pm'd Bryan and they found evidence that Nifty was correct?

I can't say for sure, so hopefully someone will clarify?

Maybe they banned him because his 'radical' theories were actually correct and he opened the flood gates for players to abuse the casinos??



Cheers
Gremmy

 

[skyhy]

My Theory

True...All spins are generated randomly
True...Games are "based" on a percentage payout based on the symbols,lines etc.
False...Game payouts are totally based on these symbols and lines etc. having a fixed percentage based on random generation of combinations.
Take for instance Immortal Romance or Thunderstruck if the II if the Wild Desire or Wild Storm are also random then imagine the nightmare for the game developer,a totally random event giving a random number of wilds could generate all sorts of random percentages for the game that might take forever for the casino to claw back.
My Theory...The spins and wild features are produced randomly and placed in a packet of say 5000 spins to be sent out to players.
Next the software calculates the payout on those spins and compares it with the percentage required to make the game profitable over a reasonable period of time.
If the packet contains too many big random events they simply discard that packet and generate another one.
Simple all spins are random,it's just whether they choose to send you that spin or another random one generated later.
That's how I would do it anyway.
You can still win big or lose big but in the end you never see the casino going broke because they had a bad run of big payouts that week or month,it never will or can happen.

 

[footdr]

RNG: the result of every spin is random? Then it shouldn't matter if you have a big win on a spin and spin again; you should have the same chance of hitting a win?

Not sure I really buy into that theory based on my 6 years of playing slots. It has been few times that I can deposit and win at the same casino twice in a 3 day or even 5 day period. That raises questions on the RNG theory for me. Yet I play, but not at a casino I have had a recent cashin at. I normally won't deposit there again until atleast 30 days have gone by.

 

[dionysus]

I'm RNG holds true. Remember, reels don't spin randomly, the 'page' of reels, of the payout is random. The win is determined from the point of hitting spin so the landing reels (the result of all 5 reels) is already pre-determined from the moment you hit the spin button. What is random, is when YOU hit spin. What is NOT random is the result of your spin. That fifth reel may spin slower suggesting oo, oo, it might be that 5th symbol I need, but that 5th symbol is already decided from the moment youve hit the spin button.

 

[KasinoKing]

True...All spins are generated randomly
True...Games are "based" on a percentage payout based on the symbols,lines etc.
False...Game payouts are totally based on these symbols and lines etc. having a fixed percentage based on random generation of combinations.
Take for instance Immortal Romance or Thunderstruck if the II if the Wild Desire or Wild Storm are also random then imagine the nightmare for the game developer, a totally random event giving a random number of wilds could generate all sorts of random percentages for the game that might take forever for the casino to claw back.
My Theory...The spins and wild features are produced randomly and placed in a packet of say 5000 spins to be sent out to players.
Next the software calculates the payout on those spins and compares it with the percentage required to make the game profitable over a reasonable period of time.
If the packet contains too many big random events they simply discard that packet and generate another one.
Simple all spins are random,it's just whether they choose to send you that spin or another random one generated later.
That's how I would do it anyway.
You can still win big or lose big but in the end you never see the casino going broke because they had a bad run of big payouts that week or month,it never will or can happen.

I have to say that you seem a little confused. Your opening True, True, False statement means you are contradicting yourself!

Re the Wild Storm/Desire features; I don't think these are a "nightmare" for the developers at all, and there is no more reason for them to be non-random than another other part of the game.
You think the number of wilds given can not be random - I will try to explain why it can be:
Just suppose, that instead of a RNG & computer program deciding how many wilds you get, it was done using raffle tickets.
There are 10,000 tickets in a big bucket; 1 of the tickets will give you 5 wilds, 9 of the tickets will give you 4 wilds, 990 tickets win 3 wilds, 4,000 tickets give 2 wilds, and the rest (5,000) give you just 1 wild.
You close your eyes, stick your hand into the bucket and pull out a ticket which reveals your number of wilds. Is that a random event?
That's what the casino's computer does - except electronically of course!

The casino could still suffer a string of "Jackpot hits" - but if they are not sufficiently funded to cope with this they shouldn't be offering the games to start with. There have actually been many cases of casinos closing down because the players won too much.

I'm RNG holds true. Remember, reels don't spin randomly, the 'page' of reels, of the payout is random. The win is determined from the point of hitting spin so the landing reels (the result of all 5 reels) is already pre-determined from the moment you hit the spin button. What is random, is when YOU hit spin. What is NOT random is the result of your spin. That fifth reel may spin slower suggesting oo, oo, it might be that 5th symbol I need, but that 5th symbol is already decided from the moment youve hit the spin button.

Errr... that doesn't make it non-random...
If I'm missing your point - please explain!

KK

 

[dionysus]

The outcome AFTER hitting the button isnt random. WHEN you hit the button and what it lands on is random. Trillions of outcome are zinging by in nanoseconds. What will happen next is completely random. ie the next spin is not pre-determined. Once you click the button, and stop the generator on a results page, that outcome is what you get.
Think of it this way. You sit down. You play. You get up. Some little old lady sits down and hit a huge ass win. You say DAMMIT, that would have been my win!!! Would you have actually gotten that? Not in a million years! That hit would NEVER have been yours as from when she clicked spin to when you would have clicked spin, zillions of outcome swumg through the processor. That one second, or one minute, changed the outcome of the next spin. that's the random factor.

Think of it in simpler terms. I have the numbers 1 to 10 and a value of $1 to $10 assigned to each. You spin a wheel with the numbers. Where it lands is random. The results/prize of the win is pre-determined. If someone else spun, theyd have a different result but the same pre-determined prize.