Online Casinos in general: German license and the payout ratios

mtorero wrote on 27.11.2023 at 19:06: Servus miteinander,

I've only been a silent reader so far and like to check in here every now and then because gambling has been one of my favorite hobbies for 20 years, whether online or offline 😊 and this is a great forum here!
But now I'd like to say something because I think the poor payout rates in German-licensed casinos are underestimated and it hurts my heart what GGL has done to us. Even if it doesn't sound so bad, it makes a huge difference whether a slot offers a payout ratio of >96% or just 88-90%.

Let's take an example:
100 euros starting capital, 1 euro spins, Slot machine without volatility, Rtp - 96%
Loss per spin - 4 cents. After 100 spins our balance is at 96 Eur, another 100 spins at 92 Eur and so on.
We could spin 2476 times until we reach 0.

Now with low Rtp:
100 euros starting capital, 1 euro spins,
Slot machine without volatility, Rtp - 88%
Loss per spin - 12 cents. After 100 spins our balance is at 88 Eur, another 100 spins at 76 Eur and so on.
We only spin 826 times and have reached 0.

Here the house edge of the casinos has not only been doubled but tripled! The playing time is on average 3 times less than it used to be in "illegal" casinos.

In addition, there is the volatility, e.g. Book of Dead with a 96% payout ratio can, if cold, rattle down quickly and you can't even manage 120 spins on 1 euro with 100 starting capital, and with a German license such phases will occur 3 times more frequently and those who play just as much as before will also lose 3 times as much money in the end. So much for player protection. At Tipico I have already seen that even only 84% Rtp is offered...incredible 😔🤦‍♂️

It can't be that all this is simply accepted and that people in Germany are forced to gamble online under the most unfair conditions in the world. "Illegal" casinos now even offer enhanced-Rtp versions of some game providers with

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mtorero wrote on 27.11.2023 at 19:06:
It can't be that all this is simply accepted and that people in Germany are forced to gamble online under the most unfair conditions in the world

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Langhans wrote on 27.11.2023 at 21:07:
Everything you say is true...but I don't know anyone who was forced to play there. Those who do, do it voluntarily. The number of topics here that deal with nagging about German casinos will soon be in the four-digit range. You could just leave it alone and there would be no more fuss about it. If all problems in life could be solved that easily, it would be really great.

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Stromberg wrote on 27.11.2023 at 21:59:

On the one hand, you're right.

On the other hand, not everyone is willing to use any wallets and credit cards to play (still) unnoticed in unlicensed casinos.
The fact that there is therefore no sensible regulated offer is an absolute nuisance.
"Just don't do it then" is simply not a satisfactory solution, either here or in other areas...
And yes, a lot has already been said on the subject, that's true.

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Langhans wrote on 27.11.2023 at 22:10:
My statement is also not meant in the sense of "then just leave it alone", but more like "find a way to do it differently if you don't like your current one" When I imagine how tens of thousands of people across Germany are once again using an offer that they actually find bad, you can't help but shake your head.

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Stromberg wrote on 27.11.2023 at 22:33:
I just don't see any other way for me.

It may be that some wallets etc. are considered safe here to continue playing as usual.
Personally, I'd rather leave it alone, these are all actions for which I would get little understanding from my partner (generally for gambling, if there is also legal trouble or with the bank or something else, then it gets very tight😂).

Just as an example of why it's not always that easy, find a better way...

But never mind, on the other hand, it's just a game of chance, you should actually be grateful when you get out of the habit... 😂

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bigbig wrote on 27.11.2023 at 20:08:

You can only make them rethink if nobody plays anymore.1 week would be enough.

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mtorero wrote on 27.11.2023 at 22:44:
I just think it's better to complain too much because I find this topic very important. If no one complains anymore and everyone continues to play diligently, the payout rates will continue to fall

mtorero wrote on 27/11/2023 22:51:

Right, but tens of thousands don't even know what they're getting into. They read 90% payout rate and think that's not so bad, if I lose 1000 I will eventually win back at least 900 easily and if I'm lucky even more 🤦‍♂️ something like that...

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Langhans wrote on 27.11.2023 at 22:42:

all right, my dear Stromi I can certainly follow your chain of reasoning

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Stromberg wrote on 28.11.2023 at 10:56 am:

With dear Langhans I sometimes don't know exactly whether he means something ironically or not 😄

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Langhans wrote on 28.11.2023 at 11:34 am:

that was not meant ironically, but I can certainly understand your predicament. If my partner were to "talk me into it" with "I don't like it, stop it if possible, don't come home with a blocked account and certainly not with the police" in addition to all the other stuff that comes with gambling, I might also "give in". However, this would probably mean that I would leave it completely, as my aversion to German casinos is so pronounced for reasons of hopelessness and lack of fun that it makes no sense for me

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