This thread goes to prove a "damned if you do, damned if you don't" experience.
What incentive does
any casino have when they try to be upfront with something so internal as RTP settings and then get raked over the coals during the process? In a matter of a couple of days, this thread went from a legit and interesting inquiry that Nate made about the RTP changes (why and who else), but it devolved into accusations of scandalous and immoral Videoslots behavior. Really?
Please hear me out.
I'm an oldtimer, and back in the day RTP settings were something that was rarely if ever posted or revealed in any way shape or form. As both players and industry folk, we used the land based casinos in Vegas as benchmarks i.e. "how did Vegas do it?" Try this - go to any Vegas casino and ask the floor manager for the RTPs for their games, and they will probably tell you to take a hike. I know - I've asked
So for the first ten years or so RTP settings were rarely published: RTG disclosed theirs through Casinomeister, Wagerworks published theirs online, and Microgaming kept theirs as a trade secret. As gamblers, we just kept to the adage "Know when to fold 'em. Know when to cash out." F*&% the RTP - you're going to lose anyway. Bail out when you win big because it will soon disappear.
Now with the new generation of gamblers, RTP is crucial for them because this will tell you which games are the losers and which are the winners.
You should have been playing in the early 2000s.
Sorry, I am just trying to put this into perspective. We have two generations of online gamblers here.
Videoslots has always been transparent. When they first launched, they were the only casino that I can think of that published the RTP for ALL games - to include Microgaming. This was truly notable and praiseworthy, but it didn't stop seasoned players from playing at their competitors - knowing that the RTP was a mystery to them - as is now. This did not seem to bother anyone.
Fast forward to now: we have a regulated environment that is squeezing these casinos dry. You can forget getting "too good to be true" bonuses anymore unless you're playing in the grey jurisdictions that don't have the fees or penalties that the UKGC or even what Malta has. So you as a player are going to find these casinos to be a bit tighter. Decreasing the RTP is one way they can balance out their fees and promotions.
I am not trying to come across as an apologist but a realist. Those days of awesome bonusing are over. Take a look at here - Casinomeister. In the past four months, out of about
79 Accredited Casinos we have had about
four special promotions from these casinos this year. The writing is on the wall folks.
And yeah, you ought to thank Videoslots for giving you a heads up that they were changing their RTPs for certain countries. From what I read it was a change of 1% (?), please correct me if I am wrong. How many casinos do you think may or may not be doing this - or have already without being upfront about it? Videoslots explained what they were doing - and this is a scam??
And their chat is shut down - so what? I'd probably shut it down too if I had made a statement about the change, and folks were jumping down my throat about it. If they said that they always had the highest RTP - well, that's great. You can tell your grandkids about that. Back in my day...
There are loads of great comments in this thread concerning casino math and RTP. Let us not be overly judgemental and lose sight of what this forum is all about -
providing information that allows you to make smart decisions for yourself.
If you don't like Videoslots - don't play there/don't advertise for them. But don't harass them in this forum. You/we are better than this.
