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Found 2 results

  1. When a casino lists its payout percentages or "Return to Player", does this include the free bonus money often paid out as well? Or is it strictly calculated by "withdrawals / deposits"???
  2. Many casinos state their slot game payouts. We know that payout percent can be higher than 90 percent but it can also be lower. For my demonstration here I'm going to simplify it and choose 90% as the payout percentage. So a casino makes it's money as the 10 percent hold, it's take or, whatever you want to call it. That 90 percent payout figure is the average payout based on all the wagers, spins, bets over a long period, usually about a year. The payout percent, payback percent, return to player,etc., they all mean the same thing. So what does it really mean? Lot's of the slot players I have met state they have never come close to getting even 50 percent payback. Slots games can be programmed to pay frequent small wins called peanuts, or can be programmed to pay the occasional bigger wins I'll call potato's, or can be programmed to pay only the rare bigger wins. Winning small amounts and betting it over, and over, and over again is called churn. Instead of the payout figures, let's look at it conversely, that 10 percent casino take, or hold. What does it mean? Essentially it means that the casino takes on average, a 10 percent cut of every bet, spin or wager over that same long period of time. We know that playing at card games, bingo, roulette etc. you can make a bet only every so often. But what about slots? They can be programmed to go fast or slower, It's not so difficult to be averaging 300 spins/bets per hour at slots play. Let's say you deposit a 100 credits. 10% take of each 1 credit spin, x 1000 spins per hour, = 100% house take of your deposit. That's 100 percent of your deposit is gone in an hour that won't ever be coming back into play for someone to possibly win. And as we can see, it's in the casino's best interest to keep paying peanuts (the churn) so that eventually all of your deposit is gone into those big bags of loot the casinos keep hauling out to the bank. Also keep in mind it is the high rollers that make the casinos the most money. 10% of 100 credits per spin beats 10% of 10 credits per spin. So which player would the casino keep churning away? So now my friends you know why the casinos take in so much money, and rarely do you have any money left at the end of your play, but you are a winner, over, and over, and over............ You folks out there, take mine and Jack's advice, if you're thinking of gambling, especially internet casino slots, take your money and run like the devil is behind you. You'll be much more happy and well off if you do. Cheers, and a good day to all.
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