Bitcoin Forum

Economy => Gambling discussion => Topic started by: fiulpro on July 08, 2022, 08:42:07 AM



Title: Payouts in casinos
Post by: fiulpro on July 08, 2022, 08:42:07 AM
So I was travelling to Switzerland and decided to browse for the best paying casinos, these are the few that I found:

1. Casino777
2. 7Melons
3. Jackpots

The site that I referred to is here :  https://www.casino.org/payouts/ (https://www.casino.org/payouts/)

Now the question is: ' Even though most casinos are probably fair how come some casinos have a better payout scale?'
 
I do understand that the machines in most casinos have to work according to the requirements met by the country or the state but at the same time they also have to make the payouts profitable since no government will ask them to manage how much money they be giving their players. So is it highly personal ?

I would like to encourage you all to research regarding the best payouts from the casinos near you.

- Have you ever considered researching about payouts before playing?


Title: Re: Payouts in casinos
Post by: Welsh on July 08, 2022, 09:49:32 AM
Now the question is: ' Even though most casinos are probably fair how come some casinos have a better payout scale?'
 
I do understand that the machines in most casinos have to work according to the requirements met by the country or the state but at the same time they also have to make the payouts profitable since no government will ask them to manage how much money they be giving their players. So is it highly personal ?
Staff. If they are manually approving bets, then it's going to be a logistic problem if they don't have enough staff. Newer casinos or betting websites aren't going to have the funds to have as many staff a the big dogs. Same as the maximum payout is usually widely different depending on the company you go with. Some have a little leeway because of the vast amount of volume, then others have to put a strict limit on it due to not having the funds.

It all comes down to logistics. Some states or countries might actually require them to perform additional checks, like where the money came from, if it was laundered etc. There's a ton of things they need to comply with, as well as checking the location of the user, if they're using a VPN, which are usually not allowed on these types of sites due to the legal issues.

Bitcoin gambling websites are a little different, and currently sit in the grey area, I do expect over the coming years things will get a little more tighter.


Title: Re: Payouts in casinos
Post by: Kasabus on July 08, 2022, 10:57:32 AM
To be honest, I don't understand the meaning of payouts, I have to do some research so I could get some idea.

here are the Top 10 Best Payout Casinos;
https://ftnnews.com/other-news/42537-ranking-of-the-best-casinos-with-the-highest-payouts

I honestly thought that payouts is what a gambling site would return every time our bet wins.
Can anymore explain it in a detailed manner and give some example using the popular crypto casinos here?


Title: Re: Payouts in casinos
Post by: swogerino on July 08, 2022, 12:36:34 PM
So I was travelling to Switzerland and decided to browse for the best paying casinos, these are the few that I found:

1. Casino777
2. 7Melons
3. Jackpots

The site that I referred to is here :  https://www.casino.org/payouts/ (https://www.casino.org/payouts/)

Now the question is: ' Even though most casinos are probably fair how come some casinos have a better payout scale?'
 
I do understand that the machines in most casinos have to work according to the requirements met by the country or the state but at the same time they also have to make the payouts profitable since no government will ask them to manage how much money they be giving their players. So is it highly personal ?

I would like to encourage you all to research regarding the best payouts from the casinos near you.

- Have you ever considered researching about payouts before playing?

I have always believed the slot provider,since I entirely or better almost entirely play at Play n Go provider which provides slot only online I like and have experienced first hand that the payouts are the same,in different casinos that I have played,as the casinos just link their website to the Play n Go server and Play n Go server has already made an arrangement with the company as to what the RTP over time will be.

For land line casinos or offline one how we call them often,I have had quite some bad experiences,where I am located the law says that the minimum RTP to player should be 86% but since I work as an IT and have inspected the Apex slot machines based on Redhat Linux OS,I have found the other technician had let it at a RTP of less than 50% which I was shocked.That is why I don't like offline casinos in which slot machines can be manipulated much more easily than online ones.


Title: Re: Payouts in casinos
Post by: MAAManda on July 08, 2022, 01:48:07 PM
I don't understand what you are saying as Payout, do you mean %RTP? Each casino has its own style in their machines (online or offline), AFAIK the casino never loses, because the money circulating there is entirely money from players, from there they get a percentage of every game that players make. This is where %RTP works, there will be times when players lose and there are times when players win in their bets.

Is my opinion in line with our discussion? please provide clarification regarding what Payout you mean.


Title: Re: Payouts in casinos
Post by: Text on July 08, 2022, 01:52:38 PM
When I visited that site, these are the top 3 recommended payout casinos that came out here in the Philippines. I wonder what was the basis for this because I am not familiar with these gambling sites.

1.) 22BetCasino (Supports Bitcoin? No!)
2.) 20BetCasino (Supports Bitcoin? Yes!)
3.) CasinoRoom (Unreachable)

It is right to consider finding out if casinos are paying before playing and placing bets on them, that is one of the important responsibilities of the gambler. If there is no problem on releasing of money won on them and what are its conditions.


Title: Re: Payouts in casinos
Post by: Boristhecat on July 08, 2022, 02:12:02 PM
So I was travelling to Switzerland and decided to browse for the best paying casinos, these are the few that I found:

1. Casino777
2. 7Melons
3. Jackpots

The site that I referred to is here :  https://www.casino.org/payouts/ (https://www.casino.org/payouts/)

Now the question is: ' Even though most casinos are probably fair how come some casinos have a better payout scale?'
 
I do understand that the machines in most casinos have to work according to the requirements met by the country or the state but at the same time they also have to make the payouts profitable since no government will ask them to manage how much money they be giving their players. So is it highly personal ?

I would like to encourage you all to research regarding the best payouts from the casinos near you.

- Have you ever considered researching about payouts before playing?

I know that in some countries casino payouts are regulated by law (there is a certain minimum value below which the casino is not allowed to fall), but I cannot give any advice since I play online all the time. If I want to play the game with the maximum payout, then I will choose dice - on almost every platform, the payout is 99% (the house edge is 1%). But mostly I make sports bets, although there the house edge is usually 5-6%.


Title: Re: Payouts in casinos
Post by: YOSHIE on July 08, 2022, 02:33:04 PM
As far as I know the online casinos that offer the best payouts, usually I always pay attention to the RTP or the percentage of the payout figures for each casino game, In my understanding, RTP varies for each game, it can be said that it depends on the type of slot game on the gambling site.

I have never tried on the online casino site you show below.

So I was travelling to Switzerland and decided to browse for the best paying casinos, these are the few that I found:

1. Casino777
2. 7Melons
3. Jackpots


If may i know what is the prize percentage or payout rate for each slot game, for example i bet $100, do they pay up to 98% or less than -98%, and do you win the slot games you play in Switzerland.


Title: Re: Payouts in casinos
Post by: ralle14 on July 08, 2022, 03:30:02 PM
- Have you ever considered researching about payouts before playing?
Even though it's nice to play in a casino with higher payouts you can easily spot them as casinos usually mention the house edge of their game. Sometimes the experience feels better when you're playing in a casino that offers some type of bonus but their payout is slightly lower than their competitors.

Isn't it based on the games they offer? nowadays most casinos offer games coming from different software providers and usually, these games have their own different RTP which can slowly reduce the overall RTP of the casino.


Title: Re: Payouts in casinos
Post by: johhnyUA on July 08, 2022, 04:27:16 PM
So is it highly personal ?

I think this is about marketing and creating a name.
There too much competition in gambling market right now, so better payouts it's important argument for many players.


- Have you ever considered researching about payouts before playing?

For honest - no.
The only thing I'm looking at is proofs of provably fair algorythm, nothing more.


Title: Re: Payouts in casinos
Post by: Doell on July 08, 2022, 04:40:36 PM
-
Now the question is: ' Even though most casinos are probably fair how come some casinos have a better payout scale?'
- Have you ever considered researching about payouts before playing?
I think it maybe depends on how much capital the casino, so maybe that's casino payout is better than other casino. I see at the site you are referring to, most of the player favorite site reviews with prize details highlighted. Also better payouts are just ads to attract a new gamblers.
-If it's a new casino maybe I'll research it before playing, but if it's a long time running casino and then also trusted, then no doubt I'll start playing.


Title: Re: Payouts in casinos
Post by: Rruchi man on July 08, 2022, 05:22:59 PM
So I was travelling to Switzerland and decided to browse for the best paying casinos,
I wonder what could have prompted you to do the search with the key word "best paying" OP, did you hear about someone's sad story about not being paid or not paid quickly by a casino after a win?

Now the question is: ' Even though most casinos are probably fair how come some casinos have a better payout scale?'
There are many stories on the internet about how some casinos deny or delay payment to winners especially those who win huge sums, I think finding out to know the best casino with a good payout scale is key to ensuring that should you get lucky and win, your payment will not be delayed or denied for one silly excuse or the other.

I would like to encourage you all to research regarding the best payouts from the casinos near you.
I think it is important to learn from peoples experience as regards payout from casino's than having a firsthand experience, finding out the casino with the best payout scale is nipping a situation that may probably occur if you win big "in the bud".


Title: Re: Payouts in casinos
Post by: BitcoinPanther on July 08, 2022, 05:56:09 PM
- Have you ever considered researching about payouts before playing?

No, I did not do any research on every casino payout, I am a bit lazy in doing that so I just deposited and play the game that I wanted.  Though I know it is essential to know which casino has the higher payout either withdrawal limit, or RTP % of a game,  I just don't bother since my purpose is to check out the game for entertainment and not for profit.  So basically, I am into losing terms when I deposit an amount to a Casino.


Title: Re: Payouts in casinos
Post by: uneng on July 08, 2022, 07:37:13 PM
Payouts rates are ranging from 98,48% to 96,73%. That is not a big difference between the highest to the lowest payout rate on this list. There is a button there to check more 90 casinos payouts, but when I click it, the page just refreshes or redirects to the same page containing top 10 only.

I guess the slight difference between them is due to gamblers' luck at the present time, but it doesn't mean one casino is better than another for this reason. Maybe it's just a temporary scenario and a casino with 97% payout today will hit 98% tomorrow, and a currently one at 98% range may decrease to 97% or 96% after a while.


Title: Re: Payouts in casinos
Post by: Hydrogen on July 08, 2022, 07:52:35 PM
Bigger and more established casinos can afford to reduce payouts.

While smaller and less established venues may raise payouts in an effort to entice new customers and grow their brand.

Not all slots and roulette machines are built identical. They have their own quirks. Some machines may payout more often. Which will necessitate a lower reward.

Casinos are run differently. Those with a physical location might have a higher upkeep and overhead. Which could reduce payouts. While casinos with an internet only presence may offer higher payouts due to not needing to cover the real estate lease.

There are many different variables in play. All of which gamblers can make work for them.


Title: Re: Payouts in casinos
Post by: Mauser on July 09, 2022, 07:38:22 AM

- Have you ever considered researching about payouts before playing?

Yes I think about payout ratios from casinos from time to time and try to so some research on it. The problem for me is that casinos offer a wide range of games that have different payouts. For example, I see one casino that has really high RTP numbers for slot games, but then another casino offers better payouts at their black jack and roulette tables. If there was one casino who has the best rates for all games it would be optimal, but I couldn't find it. Also payout ratios are not everything to consider how profitable a casino is for us. If a casino runs special promotions for its regular customers we should also consider that.  A 100 or 200% deposit bonus is huge for example. Especially when it comes to poker these promotions can be quite big. Comparing rake across different casinos is important, but a casino like GGpoker offers a free sitngo voucher every day worth 0.25 to $1. That adds up to a lot of you okay regularly eventhough there are other casinos which are cheaper.


Title: Re: Payouts in casinos
Post by: Zilon on July 09, 2022, 08:40:03 AM
Payouts percentage/scale varies amongst casinos not because of any government intervention but based on how long they have existed and how desperate they are to get newer customers. When a casino has good customer base they tend to maintain an average payout rate but for newer casinos they will want to entice gamblers with Bonuses and high payouts.

But the difference between both casinos are not always much in most cases sometime the difference doesn't exceed 2-5% between both the new and already existing casino



Title: Re: Payouts in casinos
Post by: Kakmakr on July 09, 2022, 09:16:58 AM
Just to make sure that everyone are talking about the same thing here....

OP, when you are talking about the "Payout percentage" .....are you referring to the RTP (Return to Player)? If you are referring to the actual RTP, then this are more or less determined by the 3rd party game providers. They do give some options to the casinos to choose what RTP they want to apply, but the options are limited and linked to the specific game being played.

Some casinos have their own "original" games ....and they determine the RTP for those games. The RTP is better for the players on the original games, because the casino does not have to share the profits with a 3rd party provider.  ;)


Title: Re: Payouts in casinos
Post by: Boristhecat on July 09, 2022, 09:48:55 AM
-skip-
Some casinos have their own "original" games ....and they determine the RTP for those games. The RTP is better for the players on the original games, because the casino does not have to share the profits with a 3rd party provider.  ;)

An interesting point of view. But is this speculation or fact? In my opinion, the casino can be greedy and set an RTP in their original game that will be even higher than in the game provided by the game providers. Well, or set an RTP that will not differ from the final RTP of the game from the provider (provider's share + casino's share).


Title: Re: Payouts in casinos
Post by: savetheFORUM on July 10, 2022, 06:42:55 PM
An interesting point of view. But is this speculation or fact? In my opinion, the casino can be greedy and set an RTP in their original game that will be even higher than in the game provided by the game providers. Well, or set an RTP that will not differ from the final RTP of the game from the provider (provider's share + casino's share).
Indeed interesting. I think this wasn't a speculation because he seems confident when he said that. Im thankful that I've been playing only on the original games offered by a casino although the results I got are mostly the same, I still rarely win and if I win, it was only small. That's because the multipliers offered on the original games are lower than those on what I saw on games offered by a gaming provider. The only downside is that their minimum bet is high. This is one of the reasons why I avoid them. If we trust the casino then there is no need to doubt that they will do some shady things.

Now the question is: ' Even though most casinos are probably fair how come some casinos have a better payout scale?'
 
I do understand that the machines in most casinos have to work according to the requirements met by the country or the state but at the same time they also have to make the payouts profitable since no government will ask them to manage how much money they be giving their players. So is it highly personal ?
 
- Have you ever considered researching about payouts before playing?
If this was a real life casino then they must be using a different system, not provably fair because I think provably fair are only for crypto casinos. They need to make the payout profitable because that will attract gamblers and yes it's a personal matter. Government has nothing to do with that. Before I play? The first thing I do is to check the reputation of the casino but I don't usually research about the payout of a game before I play them.


Title: Re: Payouts in casinos
Post by: Fortify on July 10, 2022, 07:06:45 PM
So I was travelling to Switzerland and decided to browse for the best paying casinos, these are the few that I found:

1. Casino777
2. 7Melons
3. Jackpots

The site that I referred to is here :  https://www.casino.org/payouts/ (https://www.casino.org/payouts/)

Now the question is: ' Even though most casinos are probably fair how come some casinos have a better payout scale?'
 
I do understand that the machines in most casinos have to work according to the requirements met by the country or the state but at the same time they also have to make the payouts profitable since no government will ask them to manage how much money they be giving their players. So is it highly personal ?

I would like to encourage you all to research regarding the best payouts from the casinos near you.

- Have you ever considered researching about payouts before playing?

Many people seem to see the words "provably fair" and connect it with them being able to defeat the casino. All these non-skilled games have a house advantage built into them and this is factored in the the provably fair design - it will mean that out of 100 average plays of a game, 3 are guaranteed to be a house win and the remainder you might expect to be evenly proportioned between the player and casino if that is how the game is designed. It's a rather cunning way of tricking players who don't understand what the phrase really means within the context of gambling. In the highly competitive world of casinos, there is incentive to lower that ratio to appear more appealing to players and obviously the bigger the company the higher the profits so the rake can be lowered.


Title: Re: Payouts in casinos
Post by: Zackgeno96 on July 10, 2022, 08:49:53 PM
The term fair can also be interpreted in a number of ways as a player. You can honestly see in the technical picture that fair games are offered on the site and that the software meets all the conditions. But then you also have the humane honest side, and that is whether casinos pay out properly as they should. So you have two terms of honesty that you should put on the scale if you want to draw a conclusion about a particular casino.


Title: Re: Payouts in casinos
Post by: Viscore on July 10, 2022, 09:19:09 PM
- Have you ever considered researching about payouts before playing?

No, I did not do any research on every casino payout, I am a bit lazy in doing that so I just deposited and play the game that I wanted.  Though I know it is essential to know which casino has the higher payout either withdrawal limit, or RTP % of a game,  I just don't bother since my purpose is to check out the game for entertainment and not for profit.  So basically, I am into losing terms when I deposit an amount to a Casino.
If you gamble for pure profits, then researching which casino site gives better payout is certainly a must. However, if you only gamble for some kind of pleasure and maybe a bit of profiting, then researching is not that really a must. We all know that in casinos, that house will always win, so regardless if the payout is higher than the other casinos, you won't still benefit it because its hard to win in gambling when all you prefer to play are those luck based games.


Title: Re: Payouts in casinos
Post by: ralle14 on July 11, 2022, 12:32:58 AM
An interesting point of view. But is this speculation or fact? In my opinion, the casino can be greedy and set an RTP in their original game that will be even higher than in the game provided by the game providers. Well, or set an RTP that will not differ from the final RTP of the game from the provider (provider's share + casino's share).
I'd say it's a fact, when you check the original games from some of the popular crypto casinos it's usually lower than the third party providers as it'll encourage gamblers to play their game knowing they'd get a better payout but others still prefer to play on third-party providers since they usually release a bunch of new games every week or month. If casinos get greedy then it could backfire as gamblers like to compare crypto casinos and from the gambler's perspective, you're better off looking for the highest RTP possible.


Title: Re: Payouts in casinos
Post by: Nrcewker on July 11, 2022, 01:57:05 AM
Are all the above mentioned sites crypto based? Or they only accept FIAT ?
You are travelling from another country OP? So the casinos don’t have any problem if you join their local casinos?
Also regarding the payout scale, I guess it depends on how often or how fast the casino have processed the withdrawal of the players.
Sometimes many casinos block or delay the players withdraw by citing extra verifications, so yes I guess the site has made comparisons based on these.
I would suggest before playing on any site do a good research and then only invest your money.


Title: Re: Payouts in casinos
Post by: Wexnident on July 11, 2022, 06:00:38 AM
I guess it boils down ultimately to the capabilities of the casino? They're able to give out higher payouts to players depending on the current state of the casino itself, taking into consideration factors such as player count, staff, financial situation, fees, etc.


I don't particularly concern myself with it tbf, I just mostly play on reputable sites in the first place.


Title: Re: Payouts in casinos
Post by: iv4n on July 11, 2022, 07:27:27 AM
Quote
Fast and secure payouts make for a great all-round online casino experience. Stick to regulated sites with a trusted reputation for delivering on both the top online casino payouts and a fantastic virtual games floor and you'll be in good shape.

Top recommended casino payouts need 2 days for withdrawals... For those of us who gamble with crypto, this is a long one, isn't it? Why wait two days when it can be instant? :)

...
I don't particularly concern myself with it tbf, I just mostly play on reputable sites in the first place.

Well, most of us do the same, we choose reputable casinos, and without worries we make deposits/withdraws... too much thinking can ruin the fun!


Title: Re: Payouts in casinos
Post by: ethereumhunter on July 11, 2022, 10:53:34 AM
Quote
Fast and secure payouts make for a great all-round online casino experience. Stick to regulated sites with a trusted reputation for delivering on both the top online casino payouts and a fantastic virtual games floor and you'll be in good shape.

Top recommended casino payouts need 2 days for withdrawals... For those of us who gamble with crypto, this is a long one, isn't it? Why wait two days when it can be instant? :)
We as crypto gamblers, are very grateful for the fast withdrawal facilities available in many crypto casinos so there is no need to experience long withdrawals to get to our accounts. And if crypto casinos continue to grow, more fiat gamblers may turn to crypto casinos because they can see the advantages that crypto casinos provide.

...
I don't particularly concern myself with it tbf, I just mostly play on reputable sites in the first place.

Well, most of us do the same, we choose reputable casinos, and without worries we make deposits/withdraws... too much thinking can ruin the fun!
Playing at a reputable crypto casino will make us feel calm because they will definitely serve their customers well to make them feel at home. In addition, crypto casinos have various gambling games that can make us feel comfortable at the crypto casino.


Title: Re: Payouts in casinos
Post by: ralle14 on July 12, 2022, 12:44:04 AM
Are all the above mentioned sites crypto based? Or they only accept FIAT ?
I'd assume they're accepting fiat since the recommended casinos that were mentioned on the link were all showing fiat deposit options.

Top recommended casino payouts need 2 days for withdrawals... For those of us who gamble with crypto, this is a long one, isn't it? Why wait two days when it can be instant? :)
I agree, most payouts from crypto casinos usually take seconds, back then I experienced waiting for at least 24 hours since they were processing most of their withdrawals manually but most casinos now have been processing withdrawals automatically.


Title: Re: Payouts in casinos
Post by: Fundamentals Of on July 12, 2022, 01:21:14 AM
Now the question is: ' Even though most casinos are probably fair how come some casinos have a better payout scale?'

It's provably fair, not probably fair. Provably fair means its fairness can be proven. There's sufficient proof that backs up the fairness of the game. If you say probably fair, then it simply means it might be fair or it's more likely to be fair, which means fairness is not certain.

Just a point as I've read some users confusing between the two as if they're interchangeable.
 
As to payouts, I think casinos have the freedom to determine it. There are regulations of course but I don't think there's a straightforward requirement as to the specific amount or percentage. But competition is probably enough for casinos to offer good payout rates.


Title: Re: Payouts in casinos
Post by: traderethereum on July 12, 2022, 02:44:40 AM
I don't need to research payouts before playing because I don't think the difference is that big and as long as each casino is a trusted casino, I don't think it will be a problem.
I thought that if I had to search or research about payouts before playing, it would be a waste of my time in gambling because I would have to give more time to find the casino.
But if someone does it, I think it's normal because finding the casino we want is a must where we will play in that casino later.


Title: Re: Payouts in casinos
Post by: gunhell16 on July 12, 2022, 06:00:29 AM
So I was travelling to Switzerland and decided to browse for the best paying casinos, these are the few that I found:

1. Casino777
2. 7Melons
3. Jackpots

The site that I referred to is here :  https://www.casino.org/payouts/ (https://www.casino.org/payouts/)

Now the question is: ' Even though most casinos are probably fair how come some casinos have a better payout scale?'
 
I do understand that the machines in most casinos have to work according to the requirements met by the country or the state but at the same time they also have to make the payouts profitable since no government will ask them to manage how much money they be giving their players. So is it highly personal ?

I would like to encourage you all to research regarding the best payouts from the casinos near you.

- Have you ever considered researching about payouts before playing?

In my experience as a gambler, I don't think I should research the casinos payouts first, as long as I just play and when my winnings in the games have accumulated a lot, then I will decide to release it on from casinos of no research to do with this kind of what you are saying research on payouts.


Title: Re: Payouts in casinos
Post by: Reid on July 12, 2022, 02:39:00 PM
Do small bet gamblers have to research about this too?
I mean, I have never checked about payouts before, until now. It never crossed my mind that there will be something fishy that will happen inside the casino or with their machines.
What if it's a physical casino? Will they even honestly input the right number in their website? (if they have one)
Could we ask the staff about this "payout scale" or "payout percentage" but will they answer us right?
I don't think gamblers will care too much about it.


Title: Re: Payouts in casinos
Post by: passwordnow on July 12, 2022, 02:53:11 PM
I'm also confused and didn't have researched about this topic and just like the others who were thinking what it is exactly. I thought that it's all about withdrawals and stuff since it's payout but the term that is used probably isn't on that particular topic that I've said.
But if it's the actual withdrawal and related to it, each casino has their own structure on how much is the limit that they would allow for their customers and that's why we see some levels from the others.


Title: Re: Payouts in casinos
Post by: Wakate on July 12, 2022, 08:41:48 PM
This post just enlightened me on checking payout before using a particular casino. In my region, I don't always have problem with payout because most of the casino here are easy to play with much problem. Payout is another factor we need to look at because different casino do have different payout. We need to do more research on this so we can get the kind of offer we are really interested in so we will not end up complaining at the end.


Title: Re: Payouts in casinos
Post by: rahmad2nd on July 14, 2022, 01:14:06 PM
- Have you ever considered researching about payouts before playing?

I don't have much new knowledge of playing in land-based casinos in the last decade due to the gambling laws which have made it illegal in my country. however for online casinos I don't really care or research specifically for payouts before playing. what I pay attention to is usually only RTP because each slot game will be different, as far as I know usually the highest RTP reaches 90% or 99%. I don't think there is a big difference in online casinos when it comes to payouts.


Title: Re: Payouts in casinos
Post by: Hamza2424 on July 14, 2022, 02:23:04 PM
Payouts in casinos are pretty decent but bro I'm curious about that Casinos are not Good so I'm trying avoid the signature of the Casino by finding a decent signature, on the end of the day the casinos always wins but if you are lucky enough then may be you can be in profit at the end of time. Measure says that Casinos can be legal if we make some changes in them as the system of casino betting changing rules of games.


Title: Re: Payouts in casinos
Post by: virasisog on July 14, 2022, 04:15:59 PM
I'm also confused and didn't have researched about this topic and just like the others who were thinking what it is exactly. I thought that it's all about withdrawals and stuff since it's payout but the term that is used probably isn't on that particular topic that I've said.
But if it's the actual withdrawal and related to it, each casino has their own structure on how much is the limit that they would allow for their customers and that's why we see some levels from the others.
I honestly thought of the same thing. I thought it was about the withdrawal system of casino sites. However, in my own view, each country has different casino preferences but I don't think researching about their paying scale matters. As long as a particular reputable casino site is providing a good service, the payout scale isn't something that we should look up to.


Title: Re: Payouts in casinos
Post by: seoincorporation on July 14, 2022, 05:33:53 PM
...
- Have you ever considered researching about payouts before playing?

In my experience as a gambler, I don't think I should research the casinos payouts first, as long as I just play and when my winnings in the games have accumulated a lot, then I will decide to release it on from casinos of no research to do with this kind of what you are saying research on payouts.

From my point of view is really important to research about the payouts before placing any bets because with slots you can hit the jackpot and if you win a huge amount is important to be sure that you will be able to claim that money.

As a good example you can see this thread where a user win $170k, and he get in some troubles with the withdraw:
https://bitcointalk.org/index.php?topic=5404614.0

The casino rules say:
Quote
11.5. If you win $10,000 or more, we reserve the right to pay a maximum of up to $10,000 per week and $ 20,000 per month until the full amount is settled.

So, op on that thread will have to wait almost 1 year to get all his money...


Title: Re: Payouts in casinos
Post by: cryptomaniac_xxx on July 14, 2022, 07:19:32 PM
This is probably more applicable to online casinos though. As far as I can recall, traditional based casinos always pay in full even if you will hit the jackpot. They will even offer you a good stay in the hotel so that you can feel safe when you received your money. But the thing is, if you are greedy you will continue to play because of the services that they are offering their jackpot winners, so it's also comparable to a trap that you don't want to go home but instead play that money again and again until you lose everything to them.


Title: Re: Payouts in casinos
Post by: ralle14 on July 15, 2022, 12:04:10 AM
Do small bet gamblers have to research about this too?
Could we ask the staff about this "payout scale" or "payout percentage" but will they answer us right?
I don't think gamblers will care too much about it.
Yup, you can always ask the support since the RTP or payout is just based on the house edge but there are games that show the recent RTP in the last 24 hours, week, month, etc.

It doesn't hurt to do some research even if you're a small gambler, it'd be better to play with the best chance of winning since casinos offer so many games with different RTP but at the same time, you'll get used to the percentages as casinos have nearly the same house edge on most of their games which means the average payout is somewhat the same.


Title: Re: Payouts in casinos
Post by: btcbeograd on July 15, 2022, 12:26:01 AM
I always try to research the casino payouts before playing. And Bitcoin Talk is a nice place to do it!


Title: Re: Payouts in casinos
Post by: alegotardo on July 15, 2022, 01:05:50 AM
~snip~

Now the question is: ' Even though most casinos are probably fair how come some casinos have a better payout scale?'
 
I do understand that the machines in most casinos have to work according to the requirements met by the country or the state but at the same time they also have to make the payouts profitable since no government will ask them to manage how much money they be giving their players. So is it highly personal ?

I would like to encourage you all to research regarding the best payouts from the casinos near you.

- Have you ever considered researching about payouts before playing?

Well, first I have to say that gambling is prohibited in my country, so I won't be able to answer your question.
Second, I don't think payouts should be the main factor to look at in a casino when the most important thing is to spend money and have fun.
I believe that the most important thing is to know if the games are fair and the casino is reliable.