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Online Casinos in general: System error (Page 2)

Topic created on 04th May. 2018 | Page: 2 of 2 | Answers: 17 | Views: 3,836
Knochen
Elite

System error

4th May. 2018, at 06:33 pm CEST#11
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Yes, the casino certainly makes part of the revenue that way. However, I think they also do not mean the world. Because if a player deposits 20 €, 100% bonus gets 25 hours plays like a madman and wins 250,000 € the casino then because of a single 5 € spin does not pay out then the casino has earned only 20 €. Of course, the cases of players who have lost their money but who have even more often received their Deposit back. The casino protects itself here rather against high losses than to generate a win. Of course, they also scare away the public and damage their reputation.

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tontoo2
Experienced

System error

4th May. 2018, at 06:38 pm CEST#12
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I wouldn't be so sure about the 20 euro win.
If the slots have posted 250k in payouts, subsequent players will be deprived of that amount, eating the slots as 250k is paid out to meet AQ. So simplified thought.

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Knochen
Elite

System error

4th May. 2018, at 06:46 pm CEST#13
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Do slots really work like that? So clearly it is mathematically unlikely that 2 people in a row have such a win but I do not think that a slots has a fixed budget how much he may distribute and that is then virtually drawn from the pool until a new month begins or something like that. And the casino doesn't make money on that, they avoid maximum loss. But yes I agree with you anyway, I have not thought that far and there could be something to it.

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tontoo2
Experienced

System error

4th May. 2018, at 06:52 pm CEST#14
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Or, let's think of it altogether simplified and roughly like this

The casino would have 2 accounts. One with funds belonging to the players and one of its own.
If 100k euros are wagered in a day, the casino gets 4% of the turnover, can take 4k from the player account.
Rest remains for withdrawals (96% AQ).

The more that is wagered, the better for the casino. Each spin = 4%.
With an AQ of 96%. Now, let's go and make payouts ineffective without putting the fact into the slots. That quickly results in a much lower AQ.
There could even be double cheating.
On the one hand, you could take out these distributions yourself, but on the other hand, the slots would have to eat to keep AQ.

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Knochen
Elite

System error

4th May. 2018, at 06:55 pm CEST#15
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But this is just a theoretical construct. The casino does not earn more than €10 from a player who deposits €10, regardless of whether he spins €10 or plays up and down for hours and ends up with 20,000 spins.

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tontoo2
Experienced

System error

4th May. 2018, at 07:02 pm CEST#16
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Knochen wrote on 04.05.2018 at 18:46: Do slots really work like that? So clearly it's mathematically unlikely that 2 people in a row have such a win but I don't think a slots has a set budget of how much it's allowed to pay out and then that's sort of drawn from the pool until a new month starts or something like that. And the casino doesn't make money on that, they avoid maximum loss. But yes I agree with you anyway, I have not thought that far and there could be something to it.

I think the slots keep a given AQ over a certain period.
Also, I do not think that the casino lives from the direct losses, but from the turnover.
It doesn't matter if you multiply your Deposit in an individual case, or lose it. This is debited or posted from the pool of player funds.
The casino earns with each spin the difference of AQ to 100. So 4% with 96% AQ. No matter if win or loss spin. Player account pays out win, subsequent players pay in and lose until AQ is met.
For each spin the casino can take its share.

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tontoo2
Experienced

System error

4th May. 2018, at 07:06 pm CEST#17
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Bone wrote on 04.05.2018 at 18:55: But that is just a theoretical construct. The casino earns from a player who deposits 10€ no more than 10€ no matter if he makes a spin to 10€ or if he plays himself up and down for hours and had 20,000 spins at the end.

Exactly not, there is a player pool available. Even with 20k spins the casino makes its 4%. One player was lucky to spin 20k spins with a €10 Deposit, another will have an AQ of 20% for it to average 96% and serve the 4%.

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s****e

System error

4th May. 2018, at 08:34 pm CEST#18
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Quote: Yes a part of the revenue makes the casino certainly so. However, I think they also do not mean the world. Because if a player deposits 20 €, 100% bonus gets 25 hours plays like a madman and wins 250,000 € which the casino then because of a single 5 € spin does not pay out then the casino has earned only 20 €.

I don't see it that way now. If you consider how high the probability is to clear a higher win or the maximum win, that is already enormous.
If the slot has played this out, it will most likely take a longer time until the slot plays out such a sum again.

Therefore, in my eyes, the casino has not only saved the €20, but also the €250,000.

Therefore, it is worthwhile for casinos to have such bonus rules.
Otherwise, you would not need them at all.
There are already enough fail at the regular turnover requirements.

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