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Online Casinos in general: Videoslots and the RTP value (Page 4)

Topic created on 11th Aug. 2019 | Page: 4 of 16 | Answers: 157 | Views: 45,512
Klempo77
Expert

Videoslots and the RTP value

15th Aug. 2019, at 08:35 am CEST#31
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Chillaqueen92 wrote on 08/15/2019 08:05 PM
You know zero apparently in almost every casino you can check the rtp as every spin is saved....

Videoslots has lowered RTP, that's a fact
They have communicated it themselves

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Klempo77
Expert

Videoslots and the RTP value

15th Aug. 2019, at 08:46 am CEST#32
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Dbac79 wrote on 08/15/2019 01:23 PM

name me one better than VS, in the highest case there are some that are just as good but not better ones

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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Liquid
Experienced

Videoslots and the RTP value

15th Aug. 2019, at 09:37 am CEST#33
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Leovegas has also done enough crap and from the playcherry group gaunerverein I do not even want to start lol

Just because you don't know anything about it doesn't mean they haven't screwed up

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Anonym

Videoslots and the RTP value

15th Aug. 2019, at 09:43 am CEST#34
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Klempo77 wrote on 08/15/2019 08:46 AM
You can't say across the board one or the other casino is best, that's purely subjective

I don't play at videoslots anymore for two reasons, I never won anything there (also subjective😊), and second, 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...).

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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Anonym

Videoslots and the RTP value

15th Aug. 2019, at 10:16 am CEST#35
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Sergio521 wrote on 08/15/2019 10:04 AM

Wtf?

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Daniel
Elite

Videoslots and the RTP value

15th Aug. 2019, at 10:55 am CEST#36
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Klempo77 wrote on 08/15/2019 08:46 AM
You can't say across the board one or the other casino is best, that's purely subjective

I don't play at videoslots anymore for two reasons, I never won anything there (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...).

First some facts in short form


  1. The following game providers offer slots with lower RTP to Online Casinos (on average, the RTP was reduced by about 2%): Play'n Go, Pragmatic Play, Red Tiger Gaming and ITG

  2. The RTP was not reduced worldwide, but only for the following countries: Germany, Austria, Sweden, England, Ireland.

  3. RTP was reduced due to high taxes in these countries. High taxes always ensure that certain market participants disappear from the market or increase their prices. Such a business needs to be financed. Higher taxes always end up hitting the end consumer and poor people the hardest. But it is mostly the poor people who scream for higher taxes, for more regulation and vote for leftist parties - kind of schizophrenic.

  4. Videoslots has chosen to use the lower RTP versions of the game, but has not reduced anything in other places.

  5. Any online casino can use these versions for above mentioned countries. However, Videoslots has communicated this honestly and transparently. I have not researched this, but I am sure that other online casinos also use these versions, but have introduced them quietly and secretly.



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%.

RTP = 97% RTP = 95% Difference
Bet per spin 1€ 1€ -
Loss per spin 0,03€ 0,05€ 0,02€
Loss per minute (approx. 20 spins) 0,6€ 1€ 0,40€
Loss per hour (approx. 1,200 spins) 36€ 60€ 24€
Loss every 15 hours ( approx. 18.000 spins) 540€ 900€ 360€


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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Klempo77
Expert

Videoslots and the RTP value

15th Aug. 2019, at 11:10 am CEST#37
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Ok, I may have been hasty in claiming that these casinos did not pay a penalty
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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Klempo77
Expert

Videoslots and the RTP value

15th Aug. 2019, at 11:15 am CEST#38
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Chillaqueen92 wrote on 08/15/2019 09:43 PM
Only a few games there the rtp was lowered a bit.

There are currently over 270 games from named providers

Are some more than "a few" 😊😊

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Bvb1995
Expert

Videoslots and the RTP value

15th Aug. 2019, at 11:27 am CEST#39
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Red tiger was also lowered or they also run poorly

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Daniel
Elite

Videoslots and the RTP value

15th Aug. 2019, at 11:32 am CEST#40
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Klempo77 wrote on 08/15/2019 11:10 am: I just don't understand why you guys "idolize" this casino so much?

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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