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Author Topic: do you lose on slots?  (Read 6611 times)
serjent05
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July 23, 2023, 11:54:08 PM
 #561

Yes, it can be an option for gamblers but we also have to remember that a high enough RTP does not guarantee we can get a win. We might get a big loss because we don't have the luck that comes when we play and this has happened to many people. But they still try another day again, hoping their luck will come that day. And what we have to remember is don't use a lot of money if we don't understand the risks involved in gambling because many have experienced that defeat. We must be responsible for our money so that we are not too disappointed with the results we get from gambling.
RTP doesn't guarantee more profits it guarantees you have higher change for RTP and that should be enough reason to choose higher RTP. There are no guarantees especially with slots, other that you win or lose. But with games of pure luck, you should always get yourself every edge you can, and that would happen with higher RTP. That is if your goal is to make money. Playing some games because they are fun is another viewpoint. With those you are including fun and just spending time to equation. Profits are secondary priority.

RTP does not increase our chance of winnings but rather an assurance that we can get a certain percentage of our overtime losses.  It can trigger a win but it does not mean it can increase our odds agains the casino.  Remember RTP percentage is always lower than the amount we are losing but it does not mean that we will not win higher than the RTP value of slots.

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July 24, 2023, 06:52:27 PM
 #562

1000x must be hard to win as well, what are the odds?
I know it is frustating to play and not win but maybe take it as a way to practice outcome independence
being happy regardless of what happens

Hitting 1,000x in plinko is 0.0015% or we can say it is 1 in 150k if my math is correct Smiley
I play this game a lot and I have hit 1,000x many times but most of the time it was just small bet $0.1-$0.3
I love this game since I play it for the first time years ago, the best thing in this game is that there is a guarantee 0.2x bet back in each bet because there is no 0x in the plinko game that I play.
Actually slot is better if the main idea is to hunt big multiplier because it gives more chances and more variations of multiplier.

wow, interesting, do you think it's possible to beat the house only using math or impossible? I know that by logic it should be impossible because the house always win.... but maybe if you're really lucky it'd be a way to bet with bigger amounts too

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Fivestar4everMVP
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July 24, 2023, 07:05:47 PM
 #563

1000x must be hard to win as well, what are the odds?
I know it is frustating to play and not win but maybe take it as a way to practice outcome independence
being happy regardless of what happens

Hitting 1,000x in plinko is 0.0015% or we can say it is 1 in 150k if my math is correct Smiley
I play this game a lot and I have hit 1,000x many times but most of the time it was just small bet $0.1-$0.3
I love this game since I play it for the first time years ago, the best thing in this game is that there is a guarantee 0.2x bet back in each bet because there is no 0x in the plinko game that I play.
Actually slot is better if the main idea is to hunt big multiplier because it gives more chances and more variations of multiplier.

wow, interesting, do you think it's possible to beat the house only using math or impossible? I know that by logic it should be impossible because the house always win.... but maybe if you're really lucky it'd be a way to bet with bigger amounts too
Whether by math or logic, it is literally impossible to beat the casino in the long term, except you are very new to gambling and in your game, you got lucky and won a handsome amount of money, you withdraw it and never return to gamble again, then it might be considered that you beat the house, but then, always have it in mind that in such circumstances, the house will always make their money back from other consistent gamblers.

If there was a way to mathematically beat casinos, we have a lot of great mathematicians around the world that would have bankrupted a lot of casinos.

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Blitzboy
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July 24, 2023, 09:10:22 PM
 #564

1000x must be hard to win as well, what are the odds?
I know it is frustating to play and not win but maybe take it as a way to practice outcome independence
being happy regardless of what happens

Hitting 1,000x in plinko is 0.0015% or we can say it is 1 in 150k if my math is correct Smiley
I play this game a lot and I have hit 1,000x many times but most of the time it was just small bet $0.1-$0.3
I love this game since I play it for the first time years ago, the best thing in this game is that there is a guarantee 0.2x bet back in each bet because there is no 0x in the plinko game that I play.
Actually slot is better if the main idea is to hunt big multiplier because it gives more chances and more variations of multiplier.

wow, interesting, do you think it's possible to beat the house only using math or impossible? I know that by logic it should be impossible because the house always win.... but maybe if you're really lucky it'd be a way to bet with bigger amounts too
Whether by math or logic, it is literally impossible to beat the casino in the long term, except you are very new to gambling and in your game, you got lucky and won a handsome amount of money, you withdraw it and never return to gamble again, then it might be considered that you beat the house, but then, always have it in mind that in such circumstances, the house will always make their money back from other consistent gamblers.

If there was a way to mathematically beat casinos, we have a lot of great mathematicians around the world that would have bankrupted a lot of casinos.
We're in a probabilistic rut. Let's rev our minds and steer clear. Gambling isn't about long-term victories or losses. It's a complicated sequence of occasional reinforcement and persistent loses. With each surprise gain, casinos hook customers with dopamine. Mathematicians are smart. Are they aiming to bankrupt gambling dens? Not likely. They probably prefer scholarly inquiry to challenging an industry rigged to win. Thus, this argument's premise appears weak. Even though the house usually wins in the long run, doesn't that short-term victory nevertheless excite and thrill?

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July 25, 2023, 06:54:28 AM
 #565

~snip~
Whether by math or logic, it is literally impossible to beat the casino in the long term, except you are very new to gambling and in your game, you got lucky and won a handsome amount of money, you withdraw it and never return to gamble again, then it might be considered that you beat the house, but then, always have it in mind that in such circumstances, the house will always make their money back from other consistent gamblers.

If there was a way to mathematically beat casinos, we have a lot of great mathematicians around the world that would have bankrupted a lot of casinos.

It is not impossible to win against the casino in the long term, it just requires lots of work and it is extremely improbable.

So, you have to know what you're doing, and be extremely lucky.

One example of that is David Walsh

He was extremely lucky, specially because he made his money when casinos had easier odds and less restrictions.

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July 25, 2023, 07:28:04 AM
 #566


Whether by math or logic, it is literally impossible to beat the casino in the long term, except you are very new to gambling and in your game, you got lucky and won a handsome amount of money, you withdraw it and never return to gamble again, then it might be considered that you beat the house, but then, always have it in mind that in such circumstances, the house will always make their money back from other consistent gamblers.

If there was a way to mathematically beat casinos, we have a lot of great mathematicians around the world that would have bankrupted a lot of casinos.
I agree with this because in the end it comes down to luck.
Regardless of the intelligence we have in any case whether it's math or logic, things like this will still lose to gambling houses.
Although there are definitely some conditions where we will benefit but I think it just comes back to luck not from the intelligence we have.
Actually, there is nothing wrong with using it as a form of our efforts but in gambling, luck will still play the biggest role.
Mathematics is only one of the strategies for calculating probabilities, not that this can make us win in every bet.

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July 25, 2023, 07:56:17 AM
 #567

wow, interesting, do you think it's possible to beat the house only using math or impossible? I know that by logic it should be impossible because the house always win.... but maybe if you're really lucky it'd be a way to bet with bigger amounts too
No matter how good a person is at math, they can never beat the house edge unless they are lucky.
How can someone beat the house edge with mere calculations while the house edge has games or betting options that they have designed in such a way that they cannot be won easily.

If you are a gambler who has quite a lot of experience in the gambling industry, I'm sure you have understood it from the start and can conclude for yourself what the answer is.

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July 25, 2023, 11:56:55 AM
 #568

do you think it's possible to beat the house only using math or impossible? I know that by logic it should be impossible because the house always win.... but maybe if you're really lucky it'd be a way to bet with bigger amounts too
You can win from the house, but the reality is that the house will get the biggest win from the other gamblers who lose against the house. We can only win a little from the house, and even though we are lucky, the winnings are still bigger than the houses. But in the long term, I don't know if we can win that often from home, but it still looks difficult for us. So be careful when gambling, and don't use money you can't afford.
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July 25, 2023, 12:23:06 PM
 #569

Yes, it can be an option for gamblers but we also have to remember that a high enough RTP does not guarantee we can get a win. We might get a big loss because we don't have the luck that comes when we play and this has happened to many people. But they still try another day again, hoping their luck will come that day. And what we have to remember is don't use a lot of money if we don't understand the risks involved in gambling because many have experienced that defeat. We must be responsible for our money so that we are not too disappointed with the results we get from gambling.
RTP doesn't guarantee more profits it guarantees you have higher change for RTP and that should be enough reason to choose higher RTP. There are no guarantees especially with slots, other that you win or lose. But with games of pure luck, you should always get yourself every edge you can, and that would happen with higher RTP. That is if your goal is to make money. Playing some games because they are fun is another viewpoint. With those you are including fun and just spending time to equation. Profits are secondary priority.

RTP does not increase our chance of winnings but rather an assurance that we can get a certain percentage of our overtime losses.  It can trigger a win but it does not mean it can increase our odds agains the casino.  Remember RTP percentage is always lower than the amount we are losing but it does not mean that we will not win higher than the RTP value of slots.
Wait, now it sounds like you have to teach me / explain it to me like i am 5, because my reasoning tells me less overtime losses means more overtime wins? What else could it mean? Maybe i have totally misunderstood the point of RTP.

Quote
RTP percentage is always lower than the amount we are losing

Especially this part i am not grasping. Are you saying that the RTP percentage is always less than 100% because of the house edge? Why would it not matter in terms of overtime wins/losses what the rtp is?

Sorry to bother you but if you don't mind explaining this it would be very helpful for me to understand.

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July 25, 2023, 12:24:54 PM
 #570

do you think it's possible to beat the house only using math or impossible? I know that by logic it should be impossible because the house always win.... but maybe if you're really lucky it'd be a way to bet with bigger amounts too
You can win from the house, but the reality is that the house will get the biggest win from the other gamblers who lose against the house. We can only win a little from the house, and even though we are lucky, the winnings are still bigger than the houses. But in the long term, I don't know if we can win that often from home, but it still looks difficult for us. So be careful when gambling, and don't use money you can't afford.

yes, and this is part of their marketing and a good strategy, you pay a big prize for a person and use them as example of the possibility of big wins
it's a bit like a big transfer of wealth from the unlucky to the lucky with the house as a middleman

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July 25, 2023, 06:44:15 PM
 #571

Hitting 1,000x in plinko is 0.0015% or we can say it is 1 in 150k if my math is correct Smiley
I play this game a lot and I have hit 1,000x many times but most of the time it was just small bet $0.1-$0.3
I love this game since I play it for the first time years ago, the best thing in this game is that there is a guarantee 0.2x bet back in each bet because there is no 0x in the plinko game that I play.
Actually slot is better if the main idea is to hunt big multiplier because it gives more chances and more variations of multiplier.
wow, interesting, do you think it's possible to beat the house only using math or impossible? I know that by logic it should be impossible because the house always win.... but maybe if you're really lucky it'd be a way to bet with bigger amounts too
How does any math apply in gambling when the result of every bet is generated randomly by a random number generator? There is basically no way for a gambler to be able to beat the house, you can't apply any formula or anything that will change the result, because it is always random, and most of the time, it's against you because of the house edge, so whether you are going to win a bet or not is totally dependent on your luck and nothing can change that.

Even the people who are lucky in everything else can lose in gambling because your luck cannot work all the time in gambling, the house will win eventually even if you are winning constantly, if you are a wise gambler, you will exit while the house is in loss but that barely happens.

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July 25, 2023, 07:01:17 PM
 #572

do you think it's possible to beat the house only using math or impossible? I know that by logic it should be impossible because the house always win.... but maybe if you're really lucky it'd be a way to bet with bigger amounts too
You can win from the house, but the reality is that the house will get the biggest win from the other gamblers who lose against the house. We can only win a little from the house, and even though we are lucky, the winnings are still bigger than the houses. But in the long term, I don't know if we can win that often from home, but it still looks difficult for us. So be careful when gambling, and don't use money you can't afford.

yes, and this is part of their marketing and a good strategy, you pay a big prize for a person and use them as example of the possibility of big wins
it's a bit like a big transfer of wealth from the unlucky to the lucky with the house as a middleman

But the probability of a big win is still there why gambling and attract such a large number of gamblers. As I think most gamblers come to the casino for a big win only the first few times, then realizing that to get a big win is not so easy they come for emotions without even realizing it. Approximately the same emotions many feel when receiving a paycheck at the end of the labor month. And these emotions can be experienced even if in an hour you have no money left (for example, you give all the money to the bank). 

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July 25, 2023, 07:09:21 PM
 #573


do you think it's possible to beat the house only using math or impossible? I know that by logic it should be impossible because the house always win.... but maybe if you're really lucky it'd be a way to bet with bigger amounts too
You can win from the house, but the reality is that the house will get the biggest win from the other gamblers who lose against the house. We can only win a little from the house, and even though we are lucky, the winnings are still bigger than the houses. But in the long term, I don't know if we can win that often from home, but it still looks difficult for us. So be careful when gambling, and don't use money you can't afford.

yes, and this is part of their marketing and a good strategy, you pay a big prize for a person and use them as example of the possibility of big wins
it's a bit like a big transfer of wealth from the unlucky to the lucky with the house as a middleman

But the probability of a big win is still there why gambling and attract such a large number of gamblers. As I think most gamblers come to the casino for a big win only the first few times, then realizing that to get a big win is not so easy they come for emotions without even realizing it. Approximately the same emotions many feel when receiving a paycheck at the end of the labor month. And these emotions can be experienced even if in an hour you have no money left (for example, you give all the money to the bank). 

Unfortunately, the slot is addictive. Whether they realize the probability of winning is so low or not, the idea of winning big keeps them going. I have played the game in both physical casinos and online, but I have not ever won once.

I don't see any strategy I can use in slot tbh. I would rather be playing dice or pattern lottery than slot. Because with these games I felt at least like I am really playing a game where I have a chance.


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July 26, 2023, 05:37:02 AM
 #574

~snip~
But the probability of a big win is still there why gambling and attract such a large number of gamblers. As I think most gamblers come to the casino for a big win only the first few times, then realizing that to get a big win is not so easy they come for emotions without even realizing it. Approximately the same emotions many feel when receiving a paycheck at the end of the labor month. And these emotions can be experienced even if in an hour you have no money left (for example, you give all the money to the bank). 

Yeah, they lure gamblers in with small wins that in the end might actually be loses disguised as winnings, say you put $1 and get 50c back as a "win" with all the lights and music.

In the end it's all designed to make you feel that you are doing well, when in reality you are just slowly giving all your money to the casino

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maydna
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July 26, 2023, 10:23:19 AM
 #575

~snip~
yes, and this is part of their marketing and a good strategy, you pay a big prize for a person and use them as example of the possibility of big wins
it's a bit like a big transfer of wealth from the unlucky to the lucky with the house as a middleman
And their strategy is good because it can attract more gamblers to come to the casino and use a lot of money. Moreover, more attractive promotions will make the gamblers willing to enter even if there are wagering requirements that small gamblers may not be able to achieve.

And we know that slot games can get us addicted to playing gambling again, and that's how I feel to this day. There is never a feeling of boredom playing many slot games from various slot game providers. And of course, gamblers seized this opportunity, so they tried their best, and some even used a lot of money to hit the jackpot in slot games.
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July 26, 2023, 12:26:15 PM
 #576

Hitting 1,000x in plinko is 0.0015% or we can say it is 1 in 150k if my math is correct Smiley
I play this game a lot and I have hit 1,000x many times but most of the time it was just small bet $0.1-$0.3
I love this game since I play it for the first time years ago, the best thing in this game is that there is a guarantee 0.2x bet back in each bet because there is no 0x in the plinko game that I play.
Actually slot is better if the main idea is to hunt big multiplier because it gives more chances and more variations of multiplier.
wow, interesting, do you think it's possible to beat the house only using math or impossible? I know that by logic it should be impossible because the house always win.... but maybe if you're really lucky it'd be a way to bet with bigger amounts too
How does any math apply in gambling when the result of every bet is generated randomly by a random number generator? There is basically no way for a gambler to be able to beat the house, you can't apply any formula or anything that will change the result, because it is always random, and most of the time, it's against you because of the house edge, so whether you are going to win a bet or not is totally dependent on your luck and nothing can change that.

Even the people who are lucky in everything else can lose in gambling because your luck cannot work all the time in gambling, the house will win eventually even if you are winning constantly, if you are a wise gambler, you will exit while the house is in loss but that barely happens.

totally depends on the game you're palying and if there are skill components (like in poker or sports betting) than the story can be different

exiting when you're in profit may be a good strategy, just takes emotional control, easier said than done for most people.

.
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July 26, 2023, 02:17:17 PM
 #577

~snip~
But the probability of a big win is still there why gambling and attract such a large number of gamblers. As I think most gamblers come to the casino for a big win only the first few times, then realizing that to get a big win is not so easy they come for emotions without even realizing it. Approximately the same emotions many feel when receiving a paycheck at the end of the labor month. And these emotions can be experienced even if in an hour you have no money left (for example, you give all the money to the bank). 

Yeah, they lure gamblers in with small wins that in the end might actually be loses disguised as winnings, say you put $1 and get 50c back as a "win" with all the lights and music.

In the end it's all designed to make you feel that you are doing well, when in reality you are just slowly giving all your money to the casino

Slots are addictive and are the number one source for providing casinos profit,this is a known fact and this is the reason every well known reputable casino has at least from 500 to over 2000 slot games as their offering,something for every taste yes.Most slots are programmed to take your money away slowly otherwise the gambler would quit immediately if he does not see these big wins of 2.5 dollars for example when he has lost 10 dollars,it is these kind of wins that keep the gamblers staying until they lose all balance and making them think that who knows next time the big win can be 250 dollars,be wary of slots they are devastating (speaking from personal experience and not theory).

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July 26, 2023, 02:30:23 PM
 #578

1000x must be hard to win as well, what are the odds?
I know it is frustating to play and not win but maybe take it as a way to practice outcome independence
being happy regardless of what happens

Hitting 1,000x in plinko is 0.0015% or we can say it is 1 in 150k if my math is correct Smiley
I play this game a lot and I have hit 1,000x many times but most of the time it was just small bet $0.1-$0.3
I love this game since I play it for the first time years ago, the best thing in this game is that there is a guarantee 0.2x bet back in each bet because there is no 0x in the plinko game that I play.
Actually slot is better if the main idea is to hunt big multiplier because it gives more chances and more variations of multiplier.

wow, interesting, do you think it's possible to beat the house only using math or impossible? I know that by logic it should be impossible because the house always win.... but maybe if you're really lucky it'd be a way to bet with bigger amounts too
You are right in that the casino always wins, especially now that there are many online casinos. It's probably impossible to win at slots all the time. It would be an exception to the rule if you were lucky enough to win the jackpot. It will also be a good promotion for the casino to get new gamblers to start using their service. But I'm sure it's mathematically impossible to win at slots.

.
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July 27, 2023, 02:58:26 AM
 #579

Slots are addictive and are the number one source for providing casinos profit,this is a known fact and this is the reason every well known reputable casino has at least from 500 to over 2000 slot games as their offering,something for every taste yes.Most slots are programmed to take your money away slowly otherwise the gambler would quit immediately if he does not see these big wins of 2.5 dollars for example when he has lost 10 dollars,it is these kind of wins that keep the gamblers staying until they lose all balance and making them think that who knows next time the big win can be 250 dollars,be wary of slots they are devastating (speaking from personal experience and not theory).
That's because slot games are very difficult for gamblers to win, even in every game session the gambler must experience more losses than wins and of course every win that the gambler gets will return to the casino when after winning the gambler decides to return to playing.
After all, the winning percentage in slot games is only 20% and the rest becomes a losing percentage.

The casino makes slots the most dominant and favorite game because almost all gamblers like to play slots and only one or two gamblers have the chance to get a big win or Maxwin so that profits will always go to the gambling site.

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July 27, 2023, 03:55:32 AM
 #580

-snip-
wow, interesting, do you think it's possible to beat the house only using math or impossible? I know that by logic it should be impossible because the house always win.... but maybe if you're really lucky it'd be a way to bet with bigger amounts too

It seems that it will be quite impossible to beat the house in their game, because we know that they designed the game from the start using an algorithm with a low probability of winning, which means that no matter what, or whether you want to use any technique it is quite impossible to beat the house in their game. Unless you are very lucky to be able to find a hole in their game and exploit it to your advantage, but the house may ban your account for being accused of being a cheater.

R


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