Online Casinos in general: Videoslots and the RTP value (Page 4)
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Videoslots and the RTP value
Nobody has liked this post so far
Videoslots has lowered RTP, that's a fact
They have communicated it themselves
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Videoslots and the RTP value
Nobody has liked this post so far
You can not say across the board that one or the other casino is best, that is purely subjective
I no longer play at Videoslots for two reasons, I have never won anything (also subjective😊), and secondly, the RTP story. Why should I spend my money somewhere when I know that I have worse chances to win something, significantly worse...
As for seriousness, I find Videoslots very unfair/unserious. At the beginning of the year, if I'm not mistaken, they had to pay a fine. Serious casino should not even let it get to the court
But for the Videoslots, the penalty didn't really matter, they were like "ok, we'll pay penalty, we'll just lower the wins (RTP), and cancel bonuses". So they just rolled the penalty on players
There are casinos that you can't read in a bad context (Betsson, LeoVegas, sunmaker, sunnyplayer, etc...)
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Videoslots and the RTP value
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Just because you don't know anything about it doesn't mean they haven't screwed up
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Videoslots and the RTP value
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Only with a few games there the rtp was lowered somewhat. With many other manufacturers not. Zb. Netent and btg I find anyway much better than playngo slots
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Videoslots and the RTP value
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Wtf?
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Videoslots and the RTP value
Liked this post: Anonym
First some facts in short form
LeoVegas, which you mention as a reputable casino, also had to pay a fine, see: https://www.gamblejoe.com/news/strafe-gegen-leo-vegas-von-der-uk-gambling-commission-2018/
Here is the article on Videoslots: https://www.gamblejoe.com/news/videoslots-uk-gc-strafe-1-million-pfund/
The UK Gambling Commission does a comparatively good job, but unfortunately this is moving more and more towards over-regulation. A penalty does not necessarily call into question the fundamental respectability of a casino.
For me, the most important criteria for a reputable online casino are: payment morale, willingness to pay and trustworthiness. A good casino pays out wins of any amount as quickly as possible and a good casino implements its T&Cs in such a way that players cannot accidentally violate them and wins are rejected as a result. Videoslots fulfills these points better than most other online casinos.
When I Deposit and play at Videoslots, I can assume with a probability bordering on certainty that I will be paid out if I win - and that too quickly and without any problems.
And it was precisely this customer-oriented behavior that, in my opinion, ultimately led to the penalty payments in the case of Videoslots. The fines came about mainly because Videoslots was sloppy in the prevention of money laundering - i.e. it did not demand tens of thousands of documents from its customers. And now the customers or potential customers come and try to put Videoslots in a negative light with the help of this penalty payment. I can't just let this accusation stand.
The lowering of the RTP is of course fundamentally bad. Videoslots has communicated this clearly from the beginning.
The reduction of the RTP (reduced by about 2% for some games) does not have such awesome effects for the individual player as suggested here. You can still achieve high wins, but the long-term losses have increased.
An example of the effects:
Game with an RTP of originally 97% has been reduced to 95%.
If a player plays 15 hours a month with an average of 1€ per spin, then with an average high luck factor he will lose 360€ more at the end of the month due to the reduced RTP than before. If he plays with an average of 50 cents, then he will lose 180€ more than before
I estimate that the average player plays with about 25 cents per spin, which means that the long term average loss for 15 hours of play and for these specific games has increased from 135€ to 225€. So an average player who plays 15 hours a month will now lose 90€ more than before if he plays only the above mentioned games with an average bet of 25 cents per spin.
However, lowering the RTP does not mean that no one can win anymore or that there are no more high wins. These are long-term averages. In the short term, a single player can deposit €100 at both Sunmaker and Videoslots, lose everything at Sunmaker, but play their way up to €10,000 at Videoslots. These effects only come into play in the long term with such a minimal reduction in RTP.
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Videoslots and the RTP value
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My point was actually that Videoslots have taken their money back elsewhere
No need to discuss RTP, for me 2% less is quite a lot, since I play more than 15 hours per month, and also play more than 1€ per spin
I don't want to call Videoslots bad, I just don't understand why you "idolize" this casino so much?
There are enough other casinos for me that are just as good, or in my opinion, even better.
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Videoslots and the RTP value
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There are currently over 270 games from named providers
Are some more than "a few" 😊😊
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Videoslots and the RTP value
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Videoslots and the RTP value
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garfield68
The reason is very simple: Videoslots has Trust. When I Deposit at Videoslots then I know I get to turn my brain off and it feels, by and large, like I'm playing in a casino (with more awesome slots). The payouts are usually made quickly - depending on the payment method sometimes faster than in casinos.
By turning off my brain, I mean that I don't have to read through the terms and conditions and I can trust that I won't accidentally violate any bonus conditions, because Videoslots has regulated this for me as a customer in such a way that the software doesn't allow me to violate the bonus conditions in the first place.
The casino does quite stupidly and simply what one expects as a customer: accept deposits, let me gamble / relax, and in case of a win pay out my win as quickly as possible without any ifs and buts. And that is unfortunately rare in this industry.
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