Why are there slots with over 100% RTP

[Feeshmon]

Hello everyone happy Tuesday. So I have been playing at Oshi casino and they do list there RTP on most slots. However I’m wondering why some are over 100%. But we all know that they aren’t truly 100% has anyone experienced this before and or do you know why this happens ?? 
 

Thanks !!

[Afi4wins]

9 hours ago, Feeshmon said:

Hello everyone happy Tuesday. So I have been playing at Oshi casino and they do list there RTP on most slots. However I’m wondering why some are over 100%. But we all know that they aren’t truly 100% has anyone experienced this before and or do you know why this happens ?? 
 

Thanks !!

Oh gees...luckily I know that you're kind of a newbie online gambler...otherwise I'd be wondering where you came from! 

The answer to your question is very simple really, hehehe.

RTP...or TRTP (Theoretical Return To Player)...is how a game is designed and programmed to performed and pay out during its cycle (several millions of spins makes 1 cycle)...this is anywhere from 99% TRTP to below 80% TRTP.

When a casino list out a game that currently has an RTP of over 100%, it simply means that the game has paid out above its designed TRTP...meaning, it's been dishing out many good wins, frequently. But this cannot last for long, and never for ever, so expect that game to start dropping to below 80% TRTP soon enough! 

[catapultaudio]

Yeah, I think we would all love to find some games with a TRTP of over 100%... wouldn't need to go to work anymore for a start would we, could just play slots all day long

I do think it is good of casinos to list the "Actual" RTP of their games to give people an idea of which games can potentially get a little bit crazy now and again... it would be helpful for them to list both the Theoretical and Actual next to each other though to help players such as yourself Feeshmon.

You can be sure that over the next few days and weeks, the "Actual" RTP will round out, gradually becoming closer and closer to the TRTP as more and more spins are played. Unfortunately the casino may well refresh their stats on a cycle that doesn't make this obvious, but I guarantee you it would happen over the long term if you could see the stats.

[Feeshmon]

10 hours ago, Afi4wins said:

Oh gees...luckily I know that you're kind of a newbie online gambler...otherwise I'd be wondering where you came from! 

The answer to your question is very simple really, hehehe.

RTP...or TRTP (Theoretical Return To Player)...is how a game is designed and programmed to performed and pay out during its cycle (several millions of spins makes 1 cycle)...this is anywhere from 99% TRTP to below 80% TRTP.

When a casino list out a game that currently has an RTP of over 100%, it simply means that the game has paid out above its designed TRTP...meaning, it's been dishing out many good wins, frequently. But this cannot last for long, and never for ever, so expect that game to start dropping to below 80% TRTP soon enough! 

Thank you!! I’m sorry I know I’m new lol. I’m just not used to actually having RTP displayed on a slot. I was at mandarin place for 2 years and they didn’t offer anything. But thank you so much for the lesson. I promise I’m learning

[copyyy]

1 hour ago, Feeshmon said:

Thank you!! I’m sorry I know I’m new lol. I’m just not used to actually having RTP displayed on a slot. I was at mandarin place for 2 years and they didn’t offer anything. But thank you so much for the lesson. I promise I’m learning

Happy for you, that you got rid of that mandarin casino, did you even deposit there anymore since bitstarz accepted you?

[catapultaudio]

Are you in the USA Feeshmon? Or some other reason why you have to choose these casinos?

[Feeshmon]

5 hours ago, copyyy said:

Happy for you, that you got rid of that mandarin casino, did you even deposit there anymore since bitstarz accepted you?

Nope! Haven’t even thought about it 

[Feeshmon]

3 hours ago, catapultaudio said:

Are you in the USA Feeshmon? Or some other reason why you have to choose these casinos?

Yes!! I’m in Florida, so I have no real good pickings. I didn’t need to submit any info to Bitstarz since I’m depositing in bitcoin. It really limits my providers to only Bgaming, Booming Gaming, No Limit City, ArtGaming, Etc but it’s a lot better than Mandarin Casino 

[catapultaudio]

Even at BitStarz do they limit the providers you can play really heavily yeah? Would be nice if they could skirt regulation I guess but if they want to do business in countries without your outrageous restrictions then I guess they have no choice. Any sign of the wind changing over there yet? Whenever I tell people online gambling is illegal in the USA they look at me like I'm crazy, nobody can believe your country could be so prohibitive to something that is just commonplace here in Europe.

[Fiekie247]

41 minutes ago, catapultaudio said:

Even at BitStarz do they limit the providers you can Play really heavily yeah? Would be nice if they could skirt regulation I guess but if they want to do business in countries without your outrageous restrictions then I guess they have no choice. Any sign of the wind changing over there yet? Whenever I tell people online gambling is illegal in the USA they look at me like I'm crazy, nobody can believe your country could be so prohibitive to something that is just commonplace here in Europe.

It's currency restriction.

You play with Euro and USD - All Providers are available

If you play in BTC - Netent, Blueprint and 2/3 others are missing, simply because the providers does not want to accept wagers in BTC according to @OlleBitStarz Who can confirm this.

[catapultaudio]

And I assume the casino doesn't allow you to convert between currencies? Most Bitcoin sites I have played allow you to switch between cryptocurrencies but not into fiat and back... if there is no casino out there this permits this it would certainly be an idea worth exploring. Perhaps linking up with one of the exchanges..? But then I guess we're going to get into the money laundering issues area again.

 

Perhaps a payment provider that allows you to buy in with crypto but then pays the casino in fiat might be useful too... I should look at creating some of this stuff, I could write the code but I don't have the capital to back any of it up though

[OlleBitStarz]

Hi guys,

From our end, we'd love to offer the games to everyone in the World, but unfortunately, the game providers do not agree. 

They can restrict access to the games for a variety of reasons, including license, currency, location, etc, and unfortunately
it's very little we can do to circumnavigate that.

For all the crypto guys out there, the best way to get maximum game access would be to use our conversion option, where you select
a FIAT currency such as EUR or USD, go to "Deposit" and choose Bitcoin as the payment option. You'll find a BTC address there where
you can send Bitcoin, and it will automatically convert to that particular FIAT upon deposit, which allows you to play a bigger range
of games.

We try to persuade our various game provider friends to adopt crypto, but some of them are not super happy with that. My very
uneducated opinion as to for example NetEnt not offering it is due to them being a publicly-traded company and are afraid of
she pseudo-anonymous aspect of crypto. Then again, Evolution is not complaining

Olle

[Fiekie247]

3 hours ago, OlleBitStarz said:

Hi guys,

From our end, we'd love to offer the games to everyone in the World, but unfortunately, the game providers do not agree. 

They can restrict access to the games for a variety of reasons, including license, currency, location, etc, and unfortunately
it's very little we can do to circumnavigate that.

For all the crypto guys out there, the best way to get maximum game access would be to use our conversion option, where you select
a FIAT currency such as EUR or USD, go to "Deposit" and choose Bitcoin as the payment option. You'll find a BTC address there where
you can send Bitcoin, and it will automatically convert to that particular FIAT upon deposit, which allows you to Play a bigger range
of games.

We try to persuade our various game provider friends to adopt crypto, but some of them are not super happy with that. My very
uneducated opinion as to for example NetEnt not offering it is due to them being a publicly-traded company and are afraid of
she pseudo-anonymous aspect of crypto. Then again, Evolution is not complaining

Olle

Just to add to that if I may - Please note that when you play in USD or Euro and choose Bitcoin as payment option, the minimum deposit is 30 USD/Euro. Do not deposit lower than this otherwise your money would somewhere stuck in the air and Bitstarz cannot retrieve it.

[pinnit2015]

4 hours ago, OlleBitStarz said:

Hi guys,

From our end, we'd love to offer the games to everyone in the World, but unfortunately, the game providers do not agree. 

They can restrict access to the games for a variety of reasons, including license, currency, location, etc, and unfortunately
it's very little we can do to circumnavigate that.

For all the crypto guys out there, the best way to get maximum game access would be to use our conversion option, where you select
a FIAT currency such as EUR or USD, go to "Deposit" and choose Bitcoin as the payment option. You'll find a BTC address there where
you can send Bitcoin, and it will automatically convert to that particular FIAT upon deposit, which allows you to Play a bigger range
of games.

We try to persuade our various game provider friends to adopt crypto, but some of them are not super happy with that. My very
uneducated opinion as to for example NetEnt not offering it is due to them being a publicly-traded company and are afraid of
she pseudo-anonymous aspect of crypto. Then again, Evolution is not complaining

Olle

Good point.

The big boys have been exploring it - for example, American Airlines, but they've more been exploring the use of Blockchain in their op's, rather than the coin...

Whether BC can shake the link with the dark web/illegal operations remains to be seen....

[OlleBitStarz]

2 hours ago, Fiekie247 said:

Just to add to that if I may - Please note that when you Play in USD or Euro and choose Bitcoin as payment option, the minimum deposit is 30 USD/Euro. Do not deposit lower than this otherwise your money would somewhere stuck in the air and Bitstarz cannot retrieve it.

Excellent that you pointed that out, Fiekie247.

We're trying to make it as clear as possible what the minimum deposit is, as our payments processor doesn't process lower amounts than the ones stated on the deposit page.

If lower amounts are deposited, it doesn't even reach us at BitStarz, so neither the player nor us wins in that case. So just so emphasize what Fiekie247 already pointed out, 
please don't deposit lower than the minimum deposit limit : )

Happy Halloween everyone,

Olle

[Feeshmon]

On 11/1/2019 at 2:44 AM, pinnit2015 said:

Good point.

The big boys have been exploring it - for example, American Airlines, but they've more been exploring the use of Blockchain in their op's, rather than the coin...

Whether BC can shake the link with the dark web/illegal operations remains to be seen....

Thank you everyone for all the info!!

[Feeshmon]

On 11/1/2019 at 4:29 AM, OlleBitStarz said:

Excellent that you pointed that out, Fiekie247.

We're trying to make it as clear as possible what the minimum deposit is, as our payments processor doesn't process lower amounts than the ones stated on the deposit page.

If lower amounts are deposited, it doesn't even reach us at BitStarz, so neither the player nor us wins in that case. So just so emphasize what Fiekie247 already pointed out, 
please don't deposit lower than the minimum deposit limit : )

Happy Halloween everyone,

Olle

Thank you Olle! Question however, I do need to register to convert the currency yes? Since I am from the states I’m not allow to officially register 

[catapultaudio]

On 11/1/2019 at 2:11 AM, OlleBitStarz said:

Hi guys,

From our end, we'd love to offer the games to everyone in the World, but unfortunately, the game providers do not agree. 

They can restrict access to the games for a variety of reasons, including license, currency, location, etc, and unfortunately
it's very little we can do to circumnavigate that.

For all the crypto guys out there, the best way to get maximum game access would be to use our conversion option, where you select
a FIAT currency such as EUR or USD, go to "Deposit" and choose Bitcoin as the payment option. You'll find a BTC address there where
you can send Bitcoin, and it will automatically convert to that particular FIAT upon deposit, which allows you to Play a bigger range
of games.

We try to persuade our various game provider friends to adopt crypto, but some of them are not super happy with that. My very
uneducated opinion as to for example NetEnt not offering it is due to them being a publicly-traded company and are afraid of
she pseudo-anonymous aspect of crypto. Then again, Evolution is not complaining

Olle

Well there you go! Exactly what I was talking about, that's a great service you offer Olle. any plans to allow UK players anytime soon? I've got a bunch of crypto I wouldn't mind playing with at some point... not sure we're at the peak yet though

[pinnit2015]

8 minutes ago, catapultaudio said:

Well there you go! Exactly what I was talking about, that's a great service you offer Olle. any plans to allow UK players anytime soon? I've got a bunch of crypto I wouldn't mind playing with at some point... not sure we're at the peak yet though

Not with our tax regime they're not 

[OlleBitStarz]

15 hours ago, Feeshmon said:

Thank you Olle! Question however, I do need to register to convert the currency yes? Since I am from the states I’m not allow to officially register 

I'm sorry Freeshmon, we do not accept US players  

[OlleBitStarz]

13 hours ago, catapultaudio said:

Well there you go! Exactly what I was talking about, that's a great service you offer Olle. any plans to allow UK players anytime soon? I've got a bunch of crypto I wouldn't mind playing with at some point... not sure we're at the peak yet though

Hi man!
 

I'm sorry  as far as I know we don't have any plans on accepting UK players. That would, of course, mean we have to acquire the UKGC Licence. We could of course, but that also means we gotta limit ourselves a bit, and I'm not sure how they look at crypto, and we don't wanna break the rules over there.

As much as I would like as many people as possible to play at BitStarz, I don't see UK players being eligible to play in the foreseeable (sorry to be the bringer of bad news, but just want to be honest).

Olle 

[OlleBitStarz]

13 hours ago, pinnit2015 said:

Not with our tax regime they're not 

Urgh, yes. Haha. 

[pinnit2015]

1 hour ago, OlleBitStarz said:

Hi man!
 

I'm sorry  as far as I know we don't have any plans on accepting UK players. That would, of course, mean we have to acquire the UKGC Licence. We could of course, but that also means we gotta limit ourselves a bit, and I'm not sure how they look at crypto, and we don't wanna break the rules over there.

As much as I would like as many people as possible to Play at BitStarz, I don't see UK players being eligible to Play in the foreseeable (sorry to be the bringer of bad news, but just want to be honest).

Olle 

2016, I think, the UKGC have deemed BC to be a cash equivalent and therefore, for what i can see, there's nothing that precludes a casino from offering it to residents to the UK. In fact, i think the L&L group may have done so but, IIRC, withdrew it....In fact, the 5th EU ML Directive addresses BC, albeit, categorising it as high risk. 

Problem is that the UK's response to it has been, shall we say, lukewarm at best. Very little guidance from them on the back of it. From a compliance point of view, the chances of them issuing a blueprint to casinos to both accept BC and still maintain their licence conditions is as likely as Labour winning the next general election. Unlike MGA?

Now, if i was Bitstarz, seeing how 6 million quid fines are handed down to casino's who deal in FIAT, my next thought would be 'they'll have a field day with us if we offer BC' - the amount of work that would be required to ensure compliance would be quite considerable (as part of the BC risk assessment there are so many other variables to take into consideration - eg. do they use mixers?)

There's a fundamental disconnect ATM between where companies are going in the future and things like AML legislation - on the one hand companies are taking advantage of DLT for efficiencies/security, whilst on the other hand some regulatory markets are saying 'oh....the currency of terrorists and Money Launderers'.

Playing Devil's Advocate tho...you have a MGA licence? If you have to comply with AML legislation and it satisfies the MGA, then surely it should be fine for offering to the UK? - after all the UKGC's views of AML are based on EU Law .

Does anyone know if any UKGC casino's offer BC?

[pinnit2015]

Pretty sure this is how most casino determine if they should offer UK:

Tax: 2% or 20% plus, ok, check

Regulatory Compliance: will add X amount onto our operating costs, ok, check.

Risk of fines by regulatory body; increasing, ok, check

Tax on bonus's offered: Might make it hard to break into market, ok, check

Murmurings of max stakes: Might drive away high rollers (70% of a casino's revenue?), ok, check

Competitors: why have some left the market and we're looking to go in? Ok, check

And that's even before we get to the issue of people wanting their money back on the basis that they lost, errr, gambling (bit of a broad brush statement as there are some genuine cases)

You don't need a PHD in Business Sciences to come to a half baked conclusion of the benefits of setting up in the UK on the basis of that. In fact, a decision could be made before the morning tea break of senior executives. 

It's almost, dare i say it, that there's a nefarious agenda in the background against casino's by certain political groups. Surely not...*spots the liberal Guardian newspaper on the tea break desk*

[OlleBitStarz]

You're pointing out a lot of valid things there, @pinnit2015.

I understand the perhaps bigger casinos and casinos aspiring for growth that will please shareholders (especially if you're publicly traded), that those casinos
wish to enter regulated market for long-term stability. 

With that said, UK is one of the most saturated gambling market with a long tradition of gambling, which makes it very hard as a new brand to make it over there,
I mean, there's plenty of casinos who's been trying to throw money at establishing a brand over there and lost millions of pounds. I know for example LeoVegas has
to grind, and spend an insane amount of money over time to get a foot in the door (I was never in favor of it when I was working there). 

On top of that, as you pointed out, we have to adapt to the UKGC rules, pay tax, and be worried about making a single mistake to avoid getting slapped with a
massive fine (that they love to hand out).

We love our UK friends (and sh*t, I'm a citizen), but unfortunately, it doesn't make sense for us to venture into the UK market at this time.

Sorry for being a negative Nancy, but I'm just trying to tell it as it is (from a casino operator perspective).

Olle