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Online Casinos in general: How long can a losing streak last?

Topic created on 04th Jun. 2017 | Page: 1 of 2 | Answers: 13 | Views: 5,961
Anonym

How long can a losing streak last?

4th Jun. 2017, at 11:34 pm CEST#1
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Hey guys,

I will write here how often, with which deposits and at which casinos I have lost in a row

My last win was in January this year. Since I had deposited 100 euros at Casumo and letzenend I could work my way up to 700 euros. Since then, absolute Sense is with me.

Rizk:
Deposit this year: 760 Euro
Payout this year: 0 Euro
Loss this year: 760 Euro

Betvictor
Deposit this year: 800 Euro
Payout this year: 530 Euro
Loss this year: 270 Euro
Last payout this year: February

Videoslots

Deposit this year: 3000 Euro
Payouts this year: 370 Euro
Loss this year: 2630 Euro
Last payout this year: March

Spinit: Deposits this year: 50 Euro
Payouts this year: 0 Euro
Loss this year: 50 Euro

Royal Panda:

Deposit this year: 50 Euro
Payout this year: 0 Euro
Loss this year 50 euros

mrsmithcasino:

Deposit this year: 150 Euro
Payout this year: 0 Euro
Loss this year: 150 Euro

Total result: Loss: 2041 Euro
Loss duration: 3 months 3 days at a stretch

I know that may not be a lot of money for some, but in realtion to my income, that is a lot!
If I add the losses of the gambling house this year, then come again about 3000 euros to it. Casumo is also added, but since I have my account there blocked, I can no longer see the deposits and withdrawals. Estimated that's another 800 euros loss.

I play for some months no longer in the game but at the beginning of the year I still have it
I would like to see how often and especially how long you can lose in a row without a single payout
I update this thread regularly of course

Have it times updated

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Daniel
Elite

How long can a losing streak last?

5th Jun. 2017, at 01:08 am CEST#2
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Well, 2,041€ + 800€ = 2,841€. In three months, that's about 950€ a month in online casinos. So that's certainly not little. Then another 3,000€ in gambling houses. So a total of about 2,000 € losses per month. I find now not little. Sure there are more blatant examples but it also depends on your income. If your monthly income is 1,500 €, then 2,000 € gambling per month are a sign that you should urgently press the brake.

Lucky streaks are usually short, losing phases of course more often and longer. You always have to ask yourself what is a losing streak and what is a winning streak. You can also lose and have a lucky streak from the point of view of mathematics and probability.

Example: A game that you play regularly has a 95% payout rate. You play on average with 1€ / spin and statistically lose 0,05€ per spin. With 1.200 spins per hour you lose 60€ per hour. With 3.000€ loss you could have gambled 50 hours with average luck. Assuming that you were at no time in the plus but by the intermediate winnings you could gamble instead of 50 hours over 100 hours, then your personal payout ratio was even with 99.98% and thus over the indicated 95%. Strictly speaking, you even had a "lucky streak" in this case.

Do you gamble on average with rather small stakes (50 cents or less) or do you rather bang away with 3€? And do you rather play low Variance slots like Matthias or high variance slots. With small stakes you should (in my opinion) gamble high variance, because otherwise you never get a satisfying profit and the many intermediate winnings gambled away again anyway.

I see this with Matthias. He gambles Low Variance. But he also gambles always with high stakes and wins relatively often his money back and if it goes well times 25% to 50% more than his previously made bets. If you calculate that down to small stakes, then that would be about as if you Deposit 300€ in the evening and win back 500€ in a very good run. The money is gambled away faster than if you deposit 3,000€ in the evening and win 5,000€. 2.000€ total profit cashed out sooner than 200€.

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Anonym

How long can a losing streak last?

5th Jun. 2017, at 02:48 am CEST#3
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Daniel, this is exactly the problem with gambling low. You usually do not cashed out but tried with the low profit to switch up and that goes wrong in 98%. I have seen my last -900 now. I'm annoyed in retrospect that I net rather equal 500 eincash and directly 2-5€ play. If there is something you usually count out ...

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Daniel
Elite

How long can a losing streak last?

5th Jun. 2017, at 09:28 am CEST#4
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Akaris1973 wrote on 05.06.2017 at 02:48: Daniel exactly there is the problem with low gambling. You usually don't cashed out but try to switch up with the low profit and that goes wrong in 98%. I have seen my last -900 now. I'm annoyed in retrospect that I net rather equal 500 eincash and directly 2-5€ play. If there is something you usually count out ...

That's not what I wanted to say. The lower you zockt, the better, because you lose so naturally less.

I wanted to say that if you gamble low, then you should not play games with low Variance, but high variance games like Book of Ra.

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Anonym

How long can a losing streak last?

5th Jun. 2017, at 11:08 am CEST#5
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Thank you for the comments. Daniel with your calculation you come pretty good with me. Since I have also noticed that I have to pull the brakes, I have given up the arcades. They were my main problem and robbed me of the last cent in my wallet

I rather gamble on smaller stakes. So 20-80 cents. I just have fun playing and I enjoy the duration of the game. That is, I'm not the type that 200 euros deposited on 4 euros, then possibly quickly doubled in 10 minutes and auscasht again

I make exactly the mistake that Akaris has described. I win on smaller bets here and there something and then put them high. Of course, that works from time to time, but in the long run it eats away my profits just quickly again

This has advantages in the long run if I play with smaller stakes and would also stay with these, because my losses would be kept within limits. But the disadvantage is that the chance of a big win of, for example, 2000 euros is denied me at these stakes, or I would have to crack the Jackpot for it

To what I play. I mostly play slots with high variance. Book of Dead, Jack and the Beanstalk, Raggin Rhino etc
The low Variance like Fruit Shop etc. I play rather rarely

I fully understand your calculation with the theoretical luck and bad luck streak. As a player you should know what I mean by that. A lucky streak for me is that I play myself into the plus and this also constantly continue, so that I could earn a good plus at the end

I wonder when my time comes and I Deposit 20 euros and work my way up to several thousand. If you play constantly, then it's only a matter of time until I reach that. Of course, I will never be in the plus, if you look at the relation of my previous losses, but I would really appreciate it if that would happen to me

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Daniel
Elite

How long can a losing streak last?

5th Jun. 2017, at 11:50 am CEST#6
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So from experience (my personal experience) mega lucky streaks like I had at the beginning of the year or Akaris now happen once every 2 years

The problem is, that I then intend to take a break but then just can't let it go. Well, at least I have made this year so far no losses ...

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redriver67
Expert

How long can a losing streak last?

5th Jun. 2017, at 01:46 pm CEST#7
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Have yes at StarGames in this year ne mega bad streak that just does not want to break off. Since it is my first online casino in which I have registered I try there just again and again my luck. The last few years I could play there with a relatively small Deposit (20-25 euros) always wins of 500-1000 euros. But this year just does not work. If at all times free spins come with my deposit then something bad full grottig. Very rarely that I win times on 100-200 euros and then it's as if the nen switch flip and nothing goes more. Has already become almost a routine. At sunnyplayer I had last year so ne tough streak of bad luck. Was only depositing and nothing went there. In this year already won several times well.
If you would pay out more often times even winnings of 100-200 euros then you would not be so big in the miesen at some casinos.

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S****8

How long can a losing streak last?

8th Jun. 2017, at 04:34 pm CEST#8
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So me f...ckts it also just right !
Since 30.05.17 until yesterday deposited in ten different Cas !

Exactly 2000 € ... and got nothing out !

Think the bad luck has also reached me !

Last month so cool cleared and now all gone again :'(


Have me in all cas first of all for 6 months lock to become clear again!
Ok two I have left open but then again only small deposits and stakes ...



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xaan2012
Amateur

How long can a losing streak last?

19th Apr. 2020, at 06:05 pm CEST#9
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Liked this post: Avatar von bob77 bob77, Avatar von Jubla2014 Jubla2014
Hey guys,

I have been playing Online Casinos for 7 years now.

I know these experiences only too well.
And basically it is not a streak of bad luck but targeted and deliberate or programmed so.

A supporter told me once that eh 98% of all players lose.

So it is anyway always so that even if you get high wins
1. You have previously paid a thousand times more than the number you then see eg 1000 euros where you are happy.
2. You have when you have the lucky streak nene certain value x that the slot will not exceed.
3. Either he gives you then still little or he lets you no matter what stake just die.

To the fact that the providers and All Slots are connected and also save your wins. For example, with me PLANGO I win one of the games that all know and play times ne higher sums I have in every other game this providers losses throughout.

I paid a few weeks ago 20 a played swords and the grail for the first time. Came in the run so far on 1 euro per spin to gamble and up to 1200 euro. I tell you I have.previously in 5 different casinos at least double deposited.

And are today either direction 100 euros then this maybe he gives more and then eats everything directly again or he gives not at all but leaves directly deadspins ihne free spins.

I am convinced that this is a system and is included in the program code of all games. Our data is stored and according to it, bad luck and lucky streaks.

And honestly Malta licenses for the a****

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Dbac79
Elite

How long can a losing streak last?

19th Apr. 2020, at 06:11 pm CEST#10
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xaan2012 wrote on 04/19/2020 at 18:05: Hey guys,

I have also been playing Online Casinos for 7 years now.

I know this experience all too well.
And basically it is not a streak of bad luck but targeted and deliberate or programmed so.

A supporter told me once that eh 98% of all players lose.

So it is anyway always so that even if you get high wins
1. You have previously paid a thousand times more than the number you then see eg 1000 euros where you are happy.
2. You have when you have the lucky streak nene certain value x that the slot will not exceed.
3. Either he gives you then still little or he lets you no matter what stake just die.

To the fact that the providers and All Slots are connected and also save your wins. For example, with me PLANGO I win one of the games that all know and play times ne higher sums I have in every other game this providers losses throughout.

I paid a few weeks ago 20 a played swords and the grail for the first time. Came in the run so far on 1 euro per spin to gamble and up to 1200 euro. I'm telling you I've deposited at least double that in 5 different casinos before.

And are today either direction 100 euros then this maybe he gives more and then eats everything directly again or he gives not at all but leaves directly deadspins ihne free spins.

I am convinced that this is a system and is included in the program code of all games. Our data is stored and according to it, bad luck and lucky streaks.

And honestly Malta licenses for the a****

then explain to me why you still play. if I know I'm being cheated then I make sure I can't be cheated anymore or don't play at all

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