We lose on the long run through return percentage

[yahoo62278]

I just googled the return percentage of online casinos and saw different percentages that doesn't seem real. A slot machine can be written to pay out 98%, but its programmed to pay 90% and it's publicized that way to attract more people to play using that slot. Though one slot could be paying out that amount in the casino, yet my point is that no casino offers 100 percent payout that means if a slot pays out 94 percent for every 100 dollar bill spent on that machine the player losses 6$ to the casino. That is if you play longer times you'll lose, and we can almost never stay atop of the slot machines after long period of plays, unless you win a jackpot. Even if you win a huge amount, you can lose. They are numerous stories of people who won the jackpot and ended up spending the whole money back on the casino within a short period, 1 or 2 years, they lost the jackpot.


Isn't it?

Inspired by Jean Scott - Frugal Gambler

98% RTP or 90% RTP doesn't mean that any 1 player loses $2 or $10 per hundred put into the machine but rather over the longrun all the monry put in to a machine the house will profit 2% or 10%, whatever the RTP is. Everyone should already know that slots is what keeps the lights on in a casino. Online or live doesn't matter, slots are the bread and butter.

[Pandu Geddon]

That's true @OP. The gambling business is about making a lot of money from losing gamblers. And after all, if we win, the percentage of our losses can be greater than the total number of wins we get. But unfortunately, we often don't realize that because we have seen the number of big wins we get. This makes us forget about the total defeat we experienced so that we feel we have recovered from our previous defeat. But we forget that before that, we have experienced even more defeats, even if we count how much money we spent at the gambling table and lost from the first time we played gambling.

I'm sure more gamblers wouldn't count it all out.
more gamblers play with the ambition of winning. although some do come to the casino to have fun while spending money. no one will know how much we lost in the game. but when we do win the jackpot, we must remember how much we got.
that's all I think has become humane. the casino business lives survive and also develops very rapidly because of losses from players. We must realize that even though several times the casino will give the player victory to continue playing games it will eventually eat up all the player's money. we all know that, but we enjoy it all.

[klidex]

I just googled the return percentage of online casinos and saw different percentages that doesn't seem real. A slot machine can be written to pay out 98%, but its programmed to pay 90% and it's publicized that way to attract more people to play using that slot. Though one slot could be paying out that amount in the casino, yet my point is that no casino offers 100 percent payout that means if a slot pays out 94 percent for every 100 dollar bill spent on that machine the player losses 6$ to the casino. That is if you play longer times you'll lose, and we can almost never stay atop of the slot machines after long period of plays, unless you win a jackpot. Even if you win a huge amount, you can lose. They are numerous stories of people who won the jackpot and ended up spending the whole money back on the casino within a short period, 1 or 2 years, they lost the jackpot.


Isn't it?

Inspired by Jean Scott - Frugal Gambler

98% RTP or 90% RTP doesn't mean that any 1 player loses $2 or $10 per hundred put into the machine but rather over the longrun all the monry put in to a machine the house will profit 2% or 10%, whatever the RTP is. Everyone should already know that slots is what keeps the lights on in a casino. Online or live doesn't matter, slots are the bread and butter.

But RTP cannot be obtained by gamblers who play slots at any time, RTP will really be real in every first game because after that maybe RTP can't be fully valid anymore.
We can take advantage of the RTP in slot games by playing it in all types of slot games for the first time and each type can only be played once to be able to get the RTP.
However, if we use this method to get RTP, it will be even more difficult for us to be able to successfully win and get jackpots and profits in larger numbers.

[bettercrypto]

I just googled the return percentage of online casinos and saw different percentages that doesn't seem real. A slot machine can be written to pay out 98%, but its programmed to pay 90% and it's publicized that way to attract more people to play using that slot. Though one slot could be paying out that amount in the casino, yet my point is that no casino offers 100 percent payout that means if a slot pays out 94 percent for every 100 dollar bill spent on that machine the player losses 6$ to the casino. That is if you play longer times you'll lose, and we can almost never stay atop of the slot machines after long period of plays, unless you win a jackpot. Even if you win a huge amount, you can lose. They are numerous stories of people who won the jackpot and ended up spending the whole money back on the casino within a short period, 1 or 2 years, they lost the jackpot.


Isn't it?

Inspired by Jean Scott - Frugal Gambler

  We all know that no casino will return 100% of the bet of gamblers who enter their gambling platform here in the crypto space. That's why the online casino game is just a matter of luck. There is no talk of gambling skills such as slots, other than the poker game.

Then the only thing I see that is basic is that when you win in your game, it is a sign that you stop playing that day because if you give up on playing the game, the result will be defeat in the end and many people have experienced this kind of thing. situation and I are included in it.

[Don Pedro Dinero]

Everyone should already know that slots is what keeps the lights on in a casino. Online or live doesn't matter, slots are the bread and butter.

I knew that for land-based casinos the most profitable thing for the casino is slots but I wasn't sure if it would be the same online. From what you say it seems to me that it is.

I just googled the return percentage of online casinos and saw different percentages that doesn't seem real. A slot machine can be written to pay out 98%, but its programmed to pay 90% and it's publicized that way to attract more people to play using that slot.

Are you accusing them of falsifying data? I don't know, I find it strange in this day and age when a lot of data can be checked.

That is if you play longer times you'll lose, and we can almost never stay atop of the slot machines after long period of plays, unless you win a jackpot. Even if you win a huge amount, you can lose. They are numerous stories of people who won the jackpot and ended up spending the whole money back on the casino within a short period, 1 or 2 years, they lost the jackpot.

Congratulations! You just understood how it works! One thing is the RTP and another thing is the composite percentage of that RTP. If the RTP is 95 and you bet 100 on slots, let's say for the sake of argument you get 95 back. What do many people do? They bet them back. And what do you get in this case? 90,25. If you re-bet them, you get 85.7375. As you can see, re-betting makes your capital tend to 0.

[libert19]

Even if you win a huge amount, you can lose. They are numerous stories of people who won the jackpot and ended up spending the whole money back on the casino within a short period, 1 or 2 years, they lost the jackpot.

Money without financial knowledge is soon parted, it's not surprising if money gotten from gambling is soon gone. 

Even then, taxes make you end up with lot less that original amount won.

[Apocollapse]

But RTP cannot be obtained by gamblers who play slots at any time, RTP will really be real in every first game because after that maybe RTP can't be fully valid anymore.
We can take advantage of the RTP in slot games by playing it in all types of slot games for the first time and each type can only be played once to be able to get the RTP.
However, if we use this method to get RTP, it will be even more difficult for us to be able to successfully win and get jackpots and profits in larger numbers.

I don't think there's a RTP expiration and the provider need to update the new RTP because if they not change anything about the system and they're still using a same provably fair, the RTP wouldn't changed even though when you have a different experience when you play the slot in last 2-3 years and the current year.

They can write the RTP % because they have test the slot for a long time and calculate it to get the average return.

[yahoo62278]

Everyone should already know that slots is what keeps the lights on in a casino. Online or live doesn't matter, slots are the bread and butter.

I knew that for land-based casinos the most profitable thing for the casino is slots but I wasn't sure if it would be the same online. From what you say it seems to me that it is.

Slots are slots man. You keep playing them and you will lose, that's 100% a guarantee. Casinos want people playing slots, yes some will win but overall most players will lose and they know it.

[traderethereum]

If it were a slot game, it would be difficult for us to get a big win or even the jackpot. Many gamblers won't get it.
This type of slot game that depends on luck will eat up all your money unless you can control yourself and determine how much money you want to use for gambling.
And it is true that the longer we play slots, the bigger our losses can be, especially if we increase each bet for each round.
And even though we have been able to win large amounts of money, we are still losing money but don't realize it.

[Oasisman]

I just googled the return percentage of online casinos and saw different percentages that doesn't seem real. A slot machine can be written to pay out 98%, but its programmed to pay 90% and it's publicized that way to attract more people to play using that slot. Though one slot could be paying out that amount in the casino, yet my point is that no casino offers 100 percent payout that means if a slot pays out 94 percent for every 100 dollar bill spent on that machine the player losses 6$ to the casino. That is if you play longer times you'll lose, and we can almost never stay atop of the slot machines after long period of plays, unless you win a jackpot. Even if you win a huge amount, you can lose. They are numerous stories of people who won the jackpot and ended up spending the whole money back on the casino within a short period, 1 or 2 years, they lost the jackpot.


Isn't it?

It is and that's the reality of gambling. Regardless of how much of a percentage the casino takes from your winning as an house edge, we always lose in the long run. If you keep track of all the money the casino accumulated from your betting, your total winnings would usually fall short than what you spent on betting. The longer you bet, the more It's becoming impossible for you to take back all the money you spent from gambling since day 1.
Therefore, we are always gonna be the loser, though we won some jackpot at one point, but we keep coming back to gamble.

[Pierre 2]

There are obvious reasons for casinos to set slot machines to not hand money more than they got. They have business to operate so. They need to make money to keep gambling business going. Its reason why people suggest to gamblers never keep gambling in limitless manner. Its better to gamble when you want to, through slot machines. Obviously sports betting is different than this. But device game gambling of all kinds including slots must be tried sometimes and to be left after you win or lose. Doesn't matter how much you win or lose.

[QueenVera]

It is without doubt that casinos are built in a way to always keep them in profit and just as every other business, they also want to be in profit and also stay relevant in the market.
Most times I still wonder how these casinos manage to survive even after offering a 90 percent Cashback and I just feel it's because they know they'll definitely still have to get the money back.
I was also wondering how will someone win a jackpot with a very reasonable amount and still gamble all of it away and this very case has become very common and it is also a case for concern.

[Accardo]

I just googled the return percentage of online casinos and saw different percentages that doesn't seem real. A slot machine can be written to pay out 98%, but its programmed to pay 90% and it's publicized that way to attract more people to play using that slot. Though one slot could be paying out that amount in the casino, yet my point is that no casino offers 100 percent payout that means if a slot pays out 94 percent for every 100 dollar bill spent on that machine the player losses 6$ to the casino. That is if you play longer times you'll lose, and we can almost never stay atop of the slot machines after long period of plays, unless we win a jackpot. Even if you win a huge amount, you can lose. They are numerous stories of people who won the jackpot and ended up spending the whole money back on the casino within a short period, 1 or 2 years, they lost the jackpot.


Isn't it?

Inspired by Jean Scott - Frugal Gambler

Sometimes I wonder how those who won such huge jackpots still gamble everything away, this has become a popular occurrence lately and I don't know what caused that,  we are all aware of the fact that casino game machines are calibrated in such a way that house is always a hedge above the players and even if the house loses their still gain or chargeback through their backdoor mechanism, so the best way to avoid losing to the house is never to take into account how many time you play and lost only gamble what you can afford to let go, and once you hit a jackpot, give a break and spend the money on some other things aside from gambling within the period.

I think it has to do with their self concept, psychologically a person cannot handle more money than they expected. The jackpot will burn a hole in the player's pocket, he'll try as much as possible to spend the money down to the amount he was expecting. These things happens to almost every human brain and requires self discipline to control. I'm indeed impressed with the responses on this thread, they're quality and I learnt so much from them.

[danherbias07]

It's all business what can we expect? If we won't lose then who will? I doubt the online gambling sites will be martyrs to just take all the beating and never say anything.
For years I have been in the gambling industry I can never say I am a winner. I may be part of those who just lose lesser than other gamblers because I can still control it.
But, I never hit the jackpot yet so I am still at the part where there is hope that someday I could hit it.
Just last week I felt some win in plinko but there's this thought of pushing it further to try and hit the x1000 but after 5000 bets it won't still come out.
I think that "hope" is what keeps people gambling even if you provide them with facts about those percentages and numbers that you said.

[Cryptmuster]

I'm not sure what is correct to calculate % from every hundred. The casino will give some part, it should be so, but it will be a very small part according to some specific algorithm. You need to understand that the casino will always win, and some player's win is a matter of chance. I like bets more, because in this case the result depends on me a lot more.

[livingfree]

Very true.

The percentage of a gambler going back to gamble with everything he had taken from the casino is surely a lot. Those wins have built our confidence and made us more want to win if ever we'll be back again.

That's why it's highly recommended that whenever we're able to win, take as much as you can and allocate again a budget if you ever want to gamble again.

[Wapfika]

I'm not sure what is correct to calculate % from every hundred. The casino will give some part, it should be so, but it will be a very small part according to some specific algorithm. You need to understand that the casino will always win, and some player's win is a matter of chance. I like bets more, because in this case the result depends on me a lot more.

The RTP is meant for the general players playing on the casino at the same time and not every 100$ spend on it. With 95% RTP, Casino can guarantee 5% profit for every certain amount of money spend on the slot by different user.  Slot machine needs to get the 95% of the target money before it can return to the player in random percentage basis. This way casino will never lose since its using other players money to payout winner player.

We all know that casino is not a charity. They have a sure profit in every game and slots is there main source of income due to its fast phase game and high house edge.

[Wiwo]

Very true.

The percentage of a gambler going back to gamble with everything he had taken from the casino is surely a lot. Those wins have built our confidence and made us more want to win if ever we'll be back again.

That's why it's highly recommended that whenever we're able to win, take as much as you can and allocate again a budget if you ever want to gamble again.

It make more sense for gambler to take a high percentage off whenever they win big or any amount of winning, let this practice master player who are constant visitors to casinos, that way, even if you lose your next bet, you will be sure you end up with something at least.
How does this percentage taking work for me:
- last week I placed a bet on a football match and luckily for me I won seven thousand nairas in my local currency,  so I withdraw #5,000 into my bank account and I left a balance of #2,000 in my casino wallet balance to continue to bet with, but at the end of the day I lost everything on the next bet so the only amount I walk away with was 5,000 that I did the percentage withdraw of, this gave me a lot of relief and joy to know that I ended up with something.

[Blawpaw]

I just googled the return percentage of online casinos and saw different percentages that doesn't seem real. A slot machine can be written to pay out 98%, but its programmed to pay 90% and it's publicized that way to attract more people to play using that slot. Though one slot could be paying out that amount in the casino, yet my point is that no casino offers 100 percent payout that means if a slot pays out 94 percent for every 100 dollar bill spent on that machine the player losses 6$ to the casino. That is if you play longer times you'll lose, and we can almost never stay atop of the slot machines after long period of plays, unless you win a jackpot. Even if you win a huge amount, you can lose. They are numerous stories of people who won the jackpot and ended up spending the whole money back on the casino within a short period, 1 or 2 years, they lost the jackpot.


Isn't it?

Inspired by Jean Scott - Frugal Gambler

The return percentage, also known as the payout percentage or return to player (RTP) percentage, is a measure of how much money an online casino pays out to players as compared to the total amount of money that players wager. It is typically expressed as a percentage, with a higher percentage indicating a higher payout rate. Online casinos will typically advertise their RTP percentages, but it's important to note that these percentages can be misleading. The RTP percentages that you see advertised on an online casino's website are often the theoretical payout percentage, which is calculated over many spins or hands and is not representative of the payout percentage of any individual player.

Additionally, the RTP percentage can vary from game to game and from casino to casino. Some casinos may have a lower RTP percentage for certain games, while others may have a higher RTP percentage for the same games. It's also important to be aware that some casinos may not be entirely honest about their RTP percentages, so it's important to do your own research and read reviews from reputable sources before depositing any money. It's also worth noting that online casinos are not a get-rich-quick scheme and even if the RTP is high, it's not a guarantee that you will win.

[Yatsan]

First of all, a gambling site is a business. Of ourse they need to take profit from every transaction to keep their business running. And I'm just fine with that as long as it won't be as big as 10% of my winnings because that would be unfair already. Winning is not something which would come on a player's edge thu, it would also be okay to expect a high return but not to the extent that the casino won't get anything from it. Some would say the casino is already getting an amount from deposits. But that won't be enough to pay their duties and to keep a casino alive so I think we should let a rightful amount slide for the platform itself.