Many of you may know that I generally like gambling and find it to be a fun passtime if you can afford it.
That being said, it’s incredibly difficult to find an “honest” casino much like it’s hard to find a reasonably priced lawyer. Almost every online casino boasts some kind of rediculous RTP or “Return to Player”. This is the amount of funds returned to the playerbase by the casino. The problem with that is it is incredibly untruthful.
Let me explain.
A lot of casinos will show the RTP of a given slot machine as being 96-97%. Meaning 97 cents of every dollar gambled is rewarded back to the player base. What they generally don’t explain is the percentage is based on millions if not billions of slot bets.
So lets say over the course of a year you gamble $1,000 in theory $960 of that is returned to the player base however, what it really means is you lost a grand and at some point they will give that $960 to someone else. RTP is not based on a single player but rather the whole playerbase. This means an online casino can suck millions of dollars out of its player base, and then reward a couple players with $100K and keep the rest of the balance while remaining true to their RTP. In other words, it’s a load of bull shit!
One of the most egregious offenders is PlayOJO.com. If you have a look on TrustPilot.com PlayOJO has one of the worst ratings possible. The reason for this is a couple of things.
- Their support staff are incompetent for the most part.
- They are completely unaware of how Interac works while still offering it as a deposit and withdrawal mechanism.
- They advertise themselves as the worlds “fairest” casino which is an outright lie.
- Their games payout very infrequently. I will say I have one a large sum here once but that was over the course of 3 years gambling on this one specific site.
- Bonus games never pay and usually pay out the pitty amount.
Specifically with item #5 a lot of the games have bonus games triggered by three scatter icons on the slot reels. Generally these bonus games will have a pitty payment (a minimum it’ll pay out regardless of the result of the bonus game). This is generally the only amount you’re going to see which is typically 10x your bet. So a bet of $1 would yield $10 IF you hit an extremely rare bonus as they come up very infrequently.
Some games allow you to buy the bonus game at a rate of 100x your bet level. If you want a $5 bonus, it’ll cost you $500 and likely pay you $50. So the game providers value the bonus at 100x and very seldom will ever pay more than 10x. PlayOJO is one of the worst offenders of this. The games on their site very rarely, if ever go above that pitty pay of 10x your bet and in the course of playing $100 you would be very lucky to see a single bonus game.
If you’re looking for an online casino to try out, let me recommend Wildz.com. While they also do not pay out all the time, they frequently hit bonuses that pay at least over the 10x multiple so you don’t feel like you got robbed when you played $200 worth and then land a bonus for $20.
As always, only gamble what you can afford to loose, and if you need a resource or help with a gambling problem, please reach out to BeGambleAware.
Gambling is something to do for fun once in a while and you will never break even or even come close, so please only every gamble what you can afford to loose, and don’t ever try and win it back once you’ve lost it. If you feel the need to, you’ve gambled too much and should seek help at BeGambleAware.