Online Casinos in general: Videoslots and the RTP value (Page 5)

Daniel wrote on 08/15/2019 10:55 AM
First of all, 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. did not demand 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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snopsim wrote on 08/15/2019 at 15:26: I play almost exclusively Play n Go slots and have not noticed any difference due to the RTP reduction. I still have good wins from time to time and it actually runs the same as other casinos.

What I noticed extremely, however, is that for 2-3 weeks really NIX goes more at Videoslots. I know that this is part of it, but it has never been so extreme. Here you do not even play more. I do not come 1€ beyond the payout and it runs down like butter. Not even small wins that keep the balance, just nothing. Will (there) for the time being no more Deposit, because so it really is no fun.

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Quietscheentchen wrote on 15.08.2019 at 19:14
I feel the same way 🤣 have also always enjoyed playing at Videoslots..but lately the money there goes like hotcakes..I partly no longer come back to my Deposit amount..everything immediately gone..have already tried quite a few games..nothing goes..also no matter at what bet level..that this is only due to the RTP, I do not know..I've never experienced such a bad thing at Videoslots and I play there for a long time and really regularly....

But it's interesting that this is the same for others... but wonder what's going on there and whether this mainly affects players from Germany because of the legally "unresolved" situation or because there were recently these technical problems with the games, so that now the losses have to be taken...whatever..

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Dbac79 wrote on 08/16/2019 08:57 AM

so I have yesterday evening only with 10 euro Deposit (paysafecard from because with it VS does not let anyone win) and have come to 300 euro

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Quietscheentchen wrote on 15.08.2019 at 19:14
I feel the same way 🤣 have also always enjoyed playing at Videoslots..but lately the money there goes like hotcakes..I partly no longer come back to my Deposit amount..everything immediately gone..have already tried quite a few games..nothing goes..also no matter at what bet level..that this is only due to the RTP, I do not know..I have never experienced such a bad thing at Videoslots and I play there for a long time and really regularly....

But it's interesting that this is the same for others... but wonder what's going on there and whether this mainly affects players from Germany because of the legally "unresolved" situation or because there were recently these technical problems with the games, so that now the losses have to be taken...whatever..

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supermode wrote on 08/16/2019 12:13 PM
Also got 400 with ner 10 Deposit last week. Sometimes the rabbit runs sometimes not, casino is there no matter I think, you just need to choose the right game at the right moment.

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Quippie wrote on 16.08.2019 at 14:46: Times briefly to the note, penalties against Videoslots... the schludern still, and indeed huge... have me with it times caught. that with players this Source of Wealth or how that is called only after 4,5 or 6-digit sums is requested, must not be, but must theoretically be implemented immediately

On the subject of RTP, ultimately it is a number, and if someone says something that I can not check, I have to believe it. No one can check whether a 90 is really 90 or rather 80... and you can read a lot. I also believe no authority, therefore...

I only know that you can win quite well in the casino. But also lose a lot.

And since the reduction is the average in almost all games (including Btg) rapidly downhill. Above all, they still use the old software, possibly for good reason

But what I find even more striking, you win big or nothing... I'll take Bonanza, there you have 10 free spins. 9x comes 2-20-fold, then comes a 200-fold...

Also otherwise, after a larger win usually comes nothing. And with nothing I mean nothing. Are you happy about 100 euros, then you find out 5 minutes later that all the joy was in vain. You can say what you want, also happened before, but not so extreme.

Since I no longer play much at Videoslots, my balance is quite balanced. It may be coincidence, but the word coincidence is one of the most frequently used here...;)

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Timo0510 wrote on 08/14/2019 at 10:11 AM
Thus would also answer the question why still so many people play at VS.They have no idea xD

#No offense

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