Do you prefer lots of promotions over better RTP?

[BitcoinAccepted]

I would prefer better RTP rather than promotions since for me it is better to have better RTP in long run rather than a lot of promotions with a very difficult requirements or wagering requirement. I actually don't use any promotion or participate in any promotion and play without that bonuses.

[1715349977]

1715349977

[1715349977]

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[leea-1334]

Pure gamblers I think always prefer RTP,,, but this comes in many forms. I love low house edge best. You want to win best, and have the best chances, and tailor a strategy to it.

On the other hand, cashbacks and rakebacks are also great,,, it contributes to low house edge and is part of strategy so promos in that shape I see the same really.

But I LOVE promos on sports like Sportsbet does all the time, small wager, big prize possibility. Who does not like that?

[ralle14]

I'm leaning towards the promotion side of things over the better RTP as you can gain more potential profits from promotions since you only have to follow specific requirements like daily wagers. Even though higher RTP is nice overall what made me like doing promotions are the guaranteed profits you get once you manage to fulfill the requirements as there are different types and a lot of the promotions nowadays offered by casinos barely have any rollover requirements so it's more on strategizing and look for the efficient way to spend your bankroll.

[D.t.B]

How many of you are interested in wager race promotions?

Stake being very generous with 100k daily race and 5000 finishers, although it's quite difficult to end up in the top. Betfury also has boosted daily battles to $10k (worth of usdt and bfg tokens) distributed among high-volume players.

[Jawhead999]

Both are good because I've played on both casino who have such offers. Usually the casino which have many promotions with normal RTP is new/developed casino and the casino which don't have good promotions with better RTP is old casino. When a new/developed have good promotions, you shouldn't ignore it instead take a chance to win the contests. Because promotions wouldn't last long, most of casinos who already have good traffic and trustworthy do decrease their promotions.

[maydna]

If RTP combines with good promotions, many gamblers will visit that casino because they will have a chance to win the money, although not many of them will win that. But if they don't have many promotions but have high RTP, it will be fine for me. But every gambler will have their own way, whether to choose RTP or search for many promotions and all they want is winning much money. If the site has good promotions and offers something good for gamblers, I think gamblers will not think about RTP or only some gamblers will still search for both promotions and RTP.

[bitbollo]

RTP is what all players are looking for, because there is always some sort of random illusion of winning more than what is deposited.

from another point of view, without marketing and promotions it is not possible to attract new players, and above all, those players who play "just for fun" or play with low amount of money.

[Mahdirakib]

~snip~

Well explained! You have given 3 examples based on the normal mathematical formula and added the importance of variance (volatility) at the end of the description. Actually, the volatility of the slots game has the main impact. Both RTP and the volatility stay on my priority list when I choose any slots game. I don't give any priority to the promotions for the attached wagering requirements.
I give priority to the RTP only when it is related to the wagering. I give priority to the low volatility and high RTP when it is about the number of spins (points gaining contest).

P.S. I just sent a merit to “timerland” by mistake

[robelneo]

RTP is what all players are looking for, because there is always some sort of random illusion of winning more than what is deposited.

from another point of view, without marketing and promotions it is not possible to attract new players, and above all, those players who play "just for fun" or play with low amount of money.

Of course, marketing is very important to attract new players but they should make it a point to dedicate their effort to player retention, retention is very important to a service-oriented platform and casinos are like that, they must build a community of loyal players, that is why casinos have a chat group and gives a lot of perks so people will try to reach the VIP status.

[Eureka_07]

<snip>
Now my question is this... do you prefer that a casino offer loads of promotions and campaigns and sponsorships and sacrifice RTP in favor of that.... or will you rather have a decent gambling experience with a better RTP?

If I am not being wrong, does slots with lower RTP paid bigger than those that has higher RTPs? If that is the case, I guess I would go on playing with the promotion even though it has lower RTP. But still, has different factors to consider before engaging to the promotion and neglect however RTP the slot has. I wouldn't participate to a slot promotion if there are x3 or more wagering requirements. Personally I would not like even having 1x wagering requirement for it since the promotion can cause us money. I would go to those promotions that doesn't require their promo winners of these xx wagering requirements.

[stomachgrowls]

<snip>
Now my question is this... do you prefer that a casino offer loads of promotions and campaigns and sponsorships and sacrifice RTP in favor of that.... or will you rather have a decent gambling experience with a better RTP?

If I am not being wrong, does slots with lower RTP paid bigger than those that has higher RTPs? If that is the case, I guess I would go on playing with the promotion even though it has lower RTP. But still, has different factors to consider before engaging to the promotion and neglect however RTP the slot has. I wouldn't participate to a slot promotion if there are x3 or more wagering requirements. Personally I would not like even having 1x wagering requirement for it since the promotion can cause us money. I would go to those promotions that doesn't require their promo winners of these xx wagering requirements.

Are high-RTP slots better than low-RTP slots?
High-RTP slots are set to provide larger returns than low-RTP games. However, high-RTP slots tend to have low variance where you get consistent wins with low payout rates. Those who are comfortable with small and steady gains tend to prefer high-RTP slots over low-RTP ones where the risk is greater.

Source Link
So you should have at least some idea about RTP.Its true that promotions are just things for hooking people to play on the site but of course there would really be
requirements of such promotion yet they would not just make or offer it without any conditions which is something on default.

[ultraBTC]

Are high-RTP slots better than low-RTP slots?
High-RTP slots are set to provide larger returns than low-RTP games. However, high-RTP slots tend to have low variance where you get consistent wins with low payout rates. Those who are comfortable with small and steady gains tend to prefer high-RTP slots over low-RTP ones where the risk is greater.

Source Link
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Wooh. Let me tell you, RTP & Variance are TWO totally different beasts. Of course, you have high-RTP slots with a low-variance set-up, but vice versa also. They are mixing up totally two different things.

[seleme]

I know which website you mentioned 😀
They keep promoting website Vip club rewards but keep decreasing win chance for users for covering marketing costs. I can't prove it but my experience shows this conclusion after 3 years. Regardless of RTP, playing smart is possible if you know how to manage your bankroll especially with extra boosted bonuses. Just withdraw your bonuses and play somewhere else that you think can pay you with higher RTP. Just my 2 cents.

[Gozie51]

You're no longer the target of them since you've been acquired with their first marketing campaigns.

I think this could be the thinking of the casino management especially if they have done well in the past and are currently maintaining their status but wanted more players. Marketing and advertisement is to bring more awareness to also create traffic. So their main go is not the existing players even though that they don't want to lose them but they are better focusing on winning more players and on the spot this will generate more money for them despite how much they spent in the advertisement. This is a business strategy not that they don't care about the people already existing.

[rhomelmabini]

Now my question is this... do you prefer that a casino offer loads of promotions and campaigns and sponsorships and sacrifice RTP in favor of that.... or will you rather have a decent gambling experience with a better RTP?

I still prefer to have a better RTP even if I'm not a regular to that site, in return this are the things these veterans are expecting to have since they'll be sticking to a site. Not just for vets but for a new gambler as well that wanted it. Yeah promotions and bonuses are best to attract new users but I think they shouldn't have to sacrifice RTP that let others stays for a reason.

[ultraBTC]

I know which website you mentioned
They keep promoting website Vip club rewards but keep decreasing win chance for users for covering marketing costs. I can't prove it but my experience shows this conclusion after 3 years. Regardless of RTP, playing smart is possible if you know how to manage your bankroll especially with extra boosted bonuses. Just withdraw your bonuses and play somewhere else that you think can pay you with higher RTP. Just my 2 cents.

Could you reveal the site in question?

If they have nerfed RTP to extra-low levels, I suggest leaving the place. There are still gaming spots that offer top (default) RTPs and great VIP offers on weekly levels.

I think you have to look at promotions that aren't just X% deposit bonus with Y rollover, since many other types of promotions exist. Wager contests are a pretty common form of promotion on a lot of sites, and depending on the site they can be almost worthless because of how much whales wager, or attainable due to the site being smaller. Sometimes these can end up +EV, so the promotion is obviously better than just raw RTP.

We've also seen some promotions that are very obviously +EV for the player. Some sites have had a few promotions where you place an outright bet and get a free bet whenever your pick wins, so you might end up with 5-6 freebets if you picked a favourite. I've also seen risk free bet promotions, where your bet is refunded if your pick loses. Again, obviously +EV.

The right answer for the question is really to gamble on multiple sites. When a promotion makes sense for you, play on that site. Otherwise, play on the site that offers the best RTP.

Agree with you here DarkStar. I haven't published other types of promotions in my previous post, as that would be a really long one. I just took the 100% match bonus as an example.

For example, no-wagering cashbacks (15% +) on weekly levels is something far better than free spins promos or typical comp points. Will do the math in some of my next posts.

[moderator's note: consecutive posts merged]

[Maus0728]

There is absolutely no logic in having say 100 promotions a month and sponsoring 10 high profile celebrities and giving your existing clients a piss poor experience at your casino. You spend millions on marketing to get new people to gamble at your site, but you cannot retain them, because most of your budget goes towards marketing and not to increasing the gambling experience.  

Now, what can we as gamblers do to get the casino operators to give more attention to the gambling experience?  

I don't even think that the Gambling platforms would even dare to unbalance their RTP and Promotions in ways that the other weighs and be prioritized more. Most of the current successful platforms tend to balance those as RTP creates quality clients and promotions/advertisements adds more clients. If they would ever step up the promotions to the point their RTP would decrease, they will just simply lose their constant momentum of having customers that enjoys their platform. BUT, if they choose to just let the community and players promote them by having an enjoyable and high RTP platform, then they can gain more clients than what they could spend on promotions by influencers, advertisements, or celebrities. How?

Imagine if they will use 20,000USD for a contract to a celebrity or a better marketing strategy/team WHILE having around 10,000 daily consecutive players. They can use that 20,000USD to RTP for those 10,000 who will dare get more as the RTP is already more, hence such idea would already be considered as a implicit promotion or a player-driven advertisement. IF then they use 20,000USD for the promotion than using it for RTP, their quality or RTP before promotion must be the same, else if decreased, such 10,000 players might lost interest on not even winning for tons of time trying.

[jossiel]

If there's no other choice and it's only one, majority is going to choose better RTP.

But if it's both and there's no need to choose any of them, all of us are going to agree that lots of promotions is good for the sake not just of the casino but also the stability of it.

More gamblers coming in means that you can have a peace of mind that they stay on the track and operate longer.

[ultraBTC]

So based on the feedback that I received from you guys so far, it seems that most people would prefer that the RTP must be the primary focus of the casino, to improve the gambler experience. 

There is absolutely no logic in having say 100 promotions a month and sponsoring 10 high profile celebrities and giving your existing clients a piss poor experience at your casino. You spend millions on marketing to get new people to gamble at your site, but you cannot retain them, because most of your budget goes towards marketing and not to increasing the gambling experience. 

Now, what can we as gamblers do to get the casino operators to give more attention to the gambling experience? 

The first step is simple. Just boycott online casinos with nerfed RTPs.

Unfortunately, most online players are not members of BitcoinTalk or other specifically gambling forums. They don't even know what RTP is. That's a fact. And that's why online casinos can still profit from the nerfed RTP action. Unfortunately.

That being said, there are some additional reasons (apart from pure greed) why some casinos are requesting lower RTP set-ups. But that's a theme for another (long) thread.

If I am not being wrong, does slots with lower RTP paid bigger than those that has higher RTPs?

You are indeed being wrong.

Well explained! You have given 3 examples based on the normal mathematical formula and added the importance of variance (volatility) at the end of the description. Actually, the volatility of the slots game has the main impact. Both RTP and the volatility stay on my priority list when I choose any slots game. I don't give any priority to the promotions for the attached wagering requirements.
I give priority to the RTP only when it is related to the wagering. I give priority to the low volatility and high RTP when it is about the number of spins (points gaining contest).

P.S. I just sent a merit to “timerland” by mistake

Thank you, Mahdirakib.

And yes, you are indeed correct - variance plays a significant role in any slot session. Therefore, related to wagering, it's wise to choose low-variance games to finish/clear wagering requirements. However, there is another point of view.

Some players choice high-variance slot games. And for a good reason. As variance is higher, it also means that players can get a higher advantage over casinos due to the variance. (Of course, if the player is lucky enough, in a relatively short session).

Simply put, the casino always has the house edge over players. No matter if it's 1% or 10%. But with ultra-high variance games, the lucky player can cash out early in the game by hitting that rare 5,000xbet-size win.

In other words, if you imagine the lowest of the lowest variance game (zero variance), the casino will take its profits on every single spin. Just as my example in the previous post. There would be no chance for a player to cash out or win. That's why a high-variance slot game perfectly makes sense to many casino players.

[moderator's note: consecutive posts merged]

[Cookdata]

I think promotion and RTP are two different things. Doing heavy marketing will only focus on bringing more and more players to the said Casino and bring awareness to the players or rather to people who have not used the casino in their life and even if they have, it may be that a kind of bonus will be offered for people while RTP is just a theoretical insight for players to guarantee their likelihood of winning whatever they wedge.
There are some Casino that offers an RTP and guess what, a lot of people still lose with their strategy, the reason why it is called gambling, it doesn't always give an assurance that you will always win.