We lose on the long run through return percentage

[virasisog]

Physical or online casinos are businesses and they will always have to make a profit from lossing players because that's how they run their business continuously. They have a lot to maintain and workers to pay so they have to make money from their business by any means.
That's why it is wiser to run and stop after winning a good amount of profit rather than continuously bet because there will still be a higher chance of losing everything. Losing a good amount of winnings usually happens to greedy and uncontented players believing that they can have the same luck again.

[Casdinyard]

Casinos depend on the people's return for cashflow. They know that at some point, winners will return to their premises and bet again, even if they won jackpots. It's just the way things go. Most of these jackpot winners end up losing their money to the same casino/people who gave them the prize because of poor cash management. Then end up betting again, chasing their luck on a win that you might as well expect would never come. You aren't supposed to turn a profit in betting within a casino in the first place, that's why I always advocate for gambling for entertainment only, never for profit. Because at the end of the day you'll end up disappointed and penniless when you gamble for profit.

[Cling18]

Casinos depend on the people's return for cashflow. They know that at some point, winners will return to their premises and bet again, even if they won jackpots. It's just the way things go. Most of these jackpot winners end up losing their money to the same casino/people who gave them the prize because of poor cash management. Then end up betting again, chasing their luck on a win that you might as well expect would never come. You aren't supposed to turn a profit in betting within a casino in the first place, that's why I always advocate for gambling for entertainment only, never for profit. Because at the end of the day, you'll end up disappointed and penniless when you gamble for profit.

It will be impossible for a casino to release money for winners without taking funds for losses. The casino relies on its bettors and our losses will be their way to make a profit. Without our losses, they can't finance the jackpot prizes. That's the cycle of casinos and we can't blame them for making money out of our bets. Expect that we are spending in all our losses and it is already our part to be responsible iforit.

[rby]

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.

In as much as it is business, you don't  expect a business owner to lose or continue running on losses, if it is so, then no one will want to own casino. But for the rush to own gambling companies should tell you how much gain that is in it.
If you really want to make big money, own a casino and don't be a gambler. Gambling is for fun and not a steady flow of income.

[klidex]

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.

Maybe there are several types of slot games that are very rarely interested in and played so there is an expired RTP that needs to be updated by the casino management team, given that there are so many types of slot games that it is impossible for all types of slot games to be of interest to all gamblers and the average the average gambler will only play on the type of slot that can and often gives them a win or jackpot.
So I think you can understand and understand if there is an expired %RTP in a slot that is updated too late by the management team.

[CryptoHeadlineNews]

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?

Yes. I totally agree with you on this very statement of yours, because there is a lot of people who have got so emotional, while letting a single winning get them carried away, to the point of thinking that because they just won, if only they keep playing, they can equally win more, which most times always end up in tears.  
Henceforth, there is one thing people who gamble need to understand that winning is not always constant, and for that reason, we should always learn to be discipline enough to know when to stop while gambling and walk home with the little fund you have won, or get carried away and work home empty handed.. (The choice is yours)

[BITCOIN4X]

It cannot be denied that this is gambling, but to prevent more problems, of course every gambler is expected to gamble responsibly.

I think almost every crypto casino has such advice and reminders for their customers, for example Rollbit warns every user of its site to gamble responsibly. It's a small part of self-control efforts, so that gamblers really realize that gambling is entertainment, fun and excitement.

More: GAMBLING WITH RESPONSIBILITY

[mindrust]

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

That's the whole idea behind the gambling business. If you were winning in the long run against the house, the house wouldn't exist. If the house dies, then where are you going to play at? In gambling, money only moves to one direction: From the players' pocket to the casino.

Jackpot winners are as rare as the lottery winners because they have pretty much the same chances to win (which is very slim). We can't include them in our calculations.

The casino is there to make money, that's how they make a living. The player has only one choice in the long run: Losing.

[goldkingcoiner]

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

That might be considered false advertising but I cannot say for sure since I am not a lawyer nor do I have the specific knowledge about which casinos are subject to which countries laws. What I can say for certainty is that online gambling casinos, just as offline gambling casinos are subject to strict regulations and check-ups. It would not be easy for a legitimate casino to actually break these rules and regulations without repercussions. As far as the mechanism for return percentage, I think that is all in the algorithm which decides the house edge. Obviously the house will always win. Its simple mathematical probabilities.

[jossiel]

It will be impossible for a casino to release money for winners without taking funds for losses. The casino relies on its bettors and our losses will be their way to make a profit. Without our losses, they can't finance the jackpot prizes. That's the cycle of casinos and we can't blame them for making money out of our bets. Expect that we are spending in all our losses and it is already our part to be responsible iforit.

Well, they're a casino and as they say and not a charity so they have to earn from something they offer and that's through the games that they've got.

It's true that without our losses, they can't make a revenue and they can't continue to operate. That's why their main source of income is to earn from our losses and that's an essential thing and no longer a secret.

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.

Yeah, as long as they're just deposits, it's still not their assets unless it's used to play for their games.

[swogerino]

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

I think that the RTP,the return to player is clearly explained from the slot provider and this most likely is like 95-98% and usually slot providers do not lie otherwise they lose potential customers.Play n Go for example one of the many slot providers out there makes really a lot of slot machines and most of them are programmed at a fixed return to player percentage like usually in 95-97% yet sometime they give in the option to casinos only in specific slots they make to use changeable return to player percentage,for example one slot that is my all time favorite from them named "The Green Knight" has three RTP options from 84.xx% up to 96.xx% and it is up to the casino to program it the way you want but the provider is not "cheating" they make it clear that this game has different RTP options so it is up to the player to read the description in the casino offering the game at what RTP they are operating the slot.

RTP to kick in needs truly a lot of spins but on the long run we already know that the house edge which is the advantage from the RTP to the casino house is there to make them profit in the long run and consequently for us gamblers to lose money on the long run,we should play to hit that maximum payline or the jackpot and move on to another slot.

[Fredomago]

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.

In as much as it is business, you don't  expect a business owner to lose or continue running on losses, if it is so, then no one will want to own casino. But for the rush to own gambling companies should tell you how much gain that is in it.
If you really want to make big money, own a casino and don't be a gambler. Gambling is for fun and not a steady flow of income.

We won't see more casino houses that being introduced from time to time if the owners are losing from this kind of business, they are gaining a lot especially those who are already got an established platform as they just simply waiting for gamblers to play and even there are gamblers who can win but the percentage of those who are losing are far greater than those who manage to control and win.

Your last statement was true, if you want to earn big be a casino owner, if you have the knowledge and the budget to run your own casino house, it's far better than being a gambler who always risking their funds each time they play.

[Jating]

Of course, that's how a casino is built, its for those suckers who want to lose their money (including myself), so we all play without thinking the numbers and the house edge. And then we complain later after we all lost to that casino. 

So we should be wise as well, if we think that we have won already, no need to be greedy or something. You can't take the house and win every time.

And that's why there are also games that include skills and that's where our chances are good like Poker and sports betting and not those luck base games like slot machines.

[crzy]

There are some gamblers who wins more compare to their losses and this will always depend on your luck because its not possible that every gambler will win, some will be the sacrificed just to pay the winnings of the luckiest gamblers. If your percentage is not that good for the whole year, then you might consider to stop for a while and analyze what is wrong with your gambling, if you’re not into a profit then its fine but if you depend on profit with gambling, then it will be hard for you because the house will always win against the gamblers.

[coolcoinz]

Of course, that's how a casino is built, its for those suckers who want to lose their money (including myself), so we all play without thinking the numbers and the house edge. And then we complain later after we all lost to that casino. 

So we should be wise as well, if we think that we have won already, no need to be greedy or something. You can't take the house and win every time.

And that's why there are also games that include skills and that's where our chances are good like Poker and sports betting and not those luck base games like slot machines.

It should be obvious for anyone who sees a casino that they will have to add their fees whenever they can. They have the building to maintain, machines have to be fixed, everything uses electricity, and so on.
Jackpots are announced with lights and sounds to make everybody know and feel attracted to the game. When you see someone win you feel like you can do it too and then after many games reality kicks in and you either get into denial and withdraw more money to play, or you go home empty handed.

[carlfebz2]

Of course, that's how a casino is built, its for those suckers who want to lose their money (including myself), so we all play without thinking the numbers and the house edge. And then we complain later after we all lost to that casino. 

So we should be wise as well, if we think that we have won already, no need to be greedy or something. You can't take the house and win every time.

And that's why there are also games that include skills and that's where our chances are good like Poker and sports betting and not those luck base games like slot machines.

It should be obvious for anyone who sees a casino that they will have to add their fees whenever they can. They have the building to maintain, machines have to be fixed, everything uses electricity, and so on.
Jackpots are announced with lights and sounds to make everybody know and feel attracted to the game. When you see someone win you feel like you can do it too and then after many games reality kicks in and you either get into denial and withdraw more money to play, or you go home empty handed.

For a business like this then its no surprise and as a gambler then you should really make yourself that aware or having that kind of control that everythings do looks fancy for you to be that interest on playing

and this is where their primary motive do kicks on on which they would really be trying out their best on pulling money out of their customers pocket.This is why they would really be making everything do looks
colorful or something that would be poking up your interest and curiosity.

It is really that a common behavior that you would be trying out those games if ever you do see one is winning some significant amount which is a common reaction.

[Baofeng]

It's profit making machine, hehehe, that's why who invented casinos are brilliant because you will not lose business wise.

And that's why we have seen like the mob and all the billionaires are investing some kind of money in casinos because of the profit that they are going to get as the house edge will be the key breaker for any gambler. If they dont know anything about it then, they will keep on playing in the long run and losses everything. And they know how to attract gamblers, giving them perks and everything and we thought that it's a good deal. But games like slot machines which doesn't favor gamblers are the worst, but we are all playing it eventhough the RTP is not on our side.

[DoublerHunter]

It's profit making machine, hehehe, that's why who invented casinos are brilliant because you will not lose business wise.
~snip~

^For the owner of the machine but not making a profit for the gambler.
If that kind of business won't profitable to them, I think they are slowly dying but yet, look at them now, the number has been increasing those who owned slot machines, even the online slot the grown like a mushroom that keeps coming up. So I think they are very profitable businesses, and those who gamble and fight against the house edge will most likely lose in the end, the more you will time you will spend the more chances of losing you have, that is the fact.

[Sandra_hakeem]

Hmmmm....
That's actually true though... Everytime a single bet is placed, the percentage goes to the slot ( these tends not to happen in every casino because I never experienced an direct percentage calculus immediately when games are lost, No! Instead, the branch casino make returns to the slot in either weekly basis or monthly -- as the case might be.
I've also witnessed alot of cases where the funds claimed by those bet-freaks are being wagered back and sometimes, they end up leaving with a little or nothing at all....shiiiiii...!!! I feel that's where self-control shoulda been applied but they aren't usually attractive to what anyone says -- mostly when they've been drunk by those illusions on the viewers screen.

Sandra 🧑‍🦰

[alegotardo]

Jackpots are taken into account by casinos to calculate their house edge from a game of course. And they don't want to have games with negative house edge except for promotions during short periods of time. So even when you win a jackpot on a game you are not likely to make profits if you play it since very long time unfortunately. It only happens when the jackpot is worth millions times your average stake but it's quite unusual, jackpots are worth 10 000x max in general.

It is possible to make money playing at casinos even though most casino games have this house edge as there are some strategies and techniques that players can use to minimize losses and increase the chances of winning money.

For example, playing games like blackjack and poker where skill plays a major role, using effective money management techniques, and avoiding games like roulette and slot machines where luck is the main factor.

In addition, playing at an online casino is already a very good alternative compared to physical casinos, as the odds are usually better.
Sports betting can also be more profitable than casino games, if you like a particular sport, because more information is available about sports teams and their performances, making predictions more accurate.

However, it is important to remember that betting on sports is still a form of betting and there are always risks and uncertainties involved. It is important to be aware of these risks and never bet more than you can afford to lose.