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[burders WANTED $55 Outlaw]

I was pretty outraged to read on another thread about Online Casino’s reducing game RTP’s (or asking providers for lower RTP game versions to be precise). I play at two firms basically – Videoslots and Bet365. I checked RTP’s on both sites – couldn’t find Bonanza’s RTP – anybody help with this? Anyway, checked two of my favourite games, namely Book of Dead and Legacy of Egypt (have not looked at any others) and found both to be in excess of 96% at Bet365 and only 94% plus at VS. There is little doubt that unless there is some form of player backlash and this goes unchallenged that it will spread to every Online Casino and become the norm in months if not weeks. This means we, the player, will be getting FOBT returns for our online play enabling the Online Casino’s to meet the increased demands of the taxman, I the light of reduced tax contributions by High Street Bookmakers, following the reduced staking allowed on FOBT’s, with the minimum of fuss. I believe the Online Casino’s should be more creative in finding this money and to go for reduced RTP versions of their games smacks of a decision made by accountants – it’s surely not an entrepreneurial decision. It displays a lack of understanding on the part of VS (and the others who doubtless will have done the same already) of the punter – they are expecting us to just take it on the chin and keep on spinning! Thoughts please!

[burders WANTED $55 Outlaw]

In addition I have emailed VS as follows;

Hello, you have reduced your slot RTP’s markedly. This is hugely disappointing. I understand that this is due to increased taxation. However, I hope that this a decision will prove to be very bad for your bottom line (it probably won’t but I hope it will). It is hard enough to win as a player as it is. You know this. Only the compulsive will tolerate FOBT RTP in their online play. Please look again at this decision and find other ways to meet the demands of the taxman – do not let accountants run your business — you have taken the easiest decision but not necessarily the right decision in this instance. I’m afraid that I will not be playing at Videoslots whilst I can still get better RTP’s with reputable companies elsewhere. I welcome a reply. Regards.

[thunderball6 WANTED $272 Outlaw]

To be honest , I would rather a charge for a deposit than lowering the rtp .

[burders WANTED $55 Outlaw]

So here’s my reply from Videoslots. Am I missing something! Isn’t this RTP change pretty seismic? This is a major kick in the balls for all slots players – isn’t it? Perhaps Bio could demonstrate the impact of a 94% RTP against a 96% RTP over day 1,000 spins. Or is it as simple as getting £2 less back per £100 staked?

Hello,

Thank you for your reply.

I’m sorry to hear you feel that way. You are, of course, welcomed to select the casino that fits you the best.

What comes to the change of the RTPs, I’m afraid that they are permanent unless something new arises with the taxation. We will inform our customers if any changes are coming in the future.

If you have any questions or thoughts you are most welcome to contact our Support, we are available at any given time.

Best regards,

Ronny
Videoslots Ltd

[Zoep89 WANTED $35 Blocked]

burders wrote:

So here’s my reply from Videoslots. Am I missing something! Isn’t this RTP change pretty seismic? This is a major kick in the balls for all slots players – isn’t it? Perhaps Bio could demonstrate the impact of a 94% RTP against a 96% RTP over day 1,000 spins. Or is it as simple as getting £2 less back per £100 staked?

Hello,

Thank you for your reply.

I’m sorry to hear you feel that way. You are, of course, welcomed to select the casino that fits you the best.

What comes to the change of the RTPs, I’m afraid that they are permanent unless something new arises with the taxation. We will inform our customers if any changes are coming in the future.

If you have any questions or thoughts you are most welcome to contact our Support, we are available at any given time.

Best regards,

Ronny Videoslots Ltd

Don’t know what you were expecting, i emailed VS when they changed all the wagering etc… The reply was pretty much the same, if you don’t like it then do one to another casino.

Which i will, the disdain they have for customers who create there profits is unbelievable.

[Biohazard WANTED $675 Outlaw]

Dropping from 96% to 94% RTP means that, theoretically, if you were to wager (not deposit) £1,000 (1,000 x £1 spins) you could expect to have a resultant balance of £940, rather than £960. But this is not realistic.

The realistic outcome is going to be much worse than that for the average player. It is very difficult to meet theoretical RTP over just a thousand spins. You would need to do millions and millions of spins before you can accurately assume to meet this level. The provider will dictate exactly where they have shaved off this RTP in relation to the payouts and frequency of wins.

I would hazard a guess that they wouldn’t want to disrupt the high volatility meta that slots currently have these days, so that would mean (most likely) the odds of winning a bonus, or the more achievable wins, will be cut to meet this new RTP level. What does this mean? It means you will be much more likely to go bust from your starting balance than before.

[burders WANTED $55 Outlaw]

Zoep89 wrote:

burders wrote:

So here’s my reply from Videoslots. Am I missing something! Isn’t this RTP change pretty seismic? This is a major kick in the balls for all slots players – isn’t it? Perhaps Bio could demonstrate the impact of a 94% RTP against a 96% RTP over day 1,000 spins. Or is it as simple as getting £2 less back per £100 staked?

Hello,

Thank you for your reply.

I’m sorry to hear you feel that way. You are, of course, welcomed to select the casino that fits you the best.

What comes to the change of the RTPs, I’m afraid that they are permanent unless something new arises with the taxation. We will inform our customers if any changes are coming in the future.

If you have any questions or thoughts you are most welcome to contact our Support, we are available at any given time.

Best regards,

Ronny Videoslots Ltd

Don’t know what you were expecting, i emailed VS when they changed all the wagering etc… The reply was pretty much the same, if you don’t like it then do one to another casino.

Which i will, the disdain they have for customers who create there profits is unbelievable.

Yeah, I got exactly what I expected. They should be careful however, it’s a very competitive space and things change – VS might be top of the pile today but nothing lasts forever particularly in a service industry where you treat your customers like mugs.

[Zoep89 WANTED $35 Blocked]

burders wrote:

Zoep89 wrote:

burders wrote:

So here’s my reply from Videoslots. Am I missing something! Isn’t this RTP change pretty seismic? This is a major kick in the balls for all slots players – isn’t it? Perhaps Bio could demonstrate the impact of a 94% RTP against a 96% RTP over day 1,000 spins. Or is it as simple as getting £2 less back per £100 staked?

Hello,

Thank you for your reply.

I’m sorry to hear you feel that way. You are, of course, welcomed to select the casino that fits you the best.

What comes to the change of the RTPs, I’m afraid that they are permanent unless something new arises with the taxation. We will inform our customers if any changes are coming in the future.

If you have any questions or thoughts you are most welcome to contact our Support, we are available at any given time.

Best regards,

Ronny Videoslots Ltd

Don’t know what you were expecting, i emailed VS when they changed all the wagering etc… The reply was pretty much the same, if you don’t like it then do one to another casino.

Which i will, the disdain they have for customers who create there profits is unbelievable.

Yeah, I got exactly what I expected. They should be careful however, it’s a very competitive space and things change – VS might be top of the pile today but nothing lasts forever particularly in a service industry where you treat your customers like mugs.

You are right. I have already decided i will not be depositing there anymore, and looking for a new casino.

[burders WANTED $55 Outlaw]

Biohazard wrote:

Dropping from 96% to 94% RTP means that, theoretically, if you were to wager (not deposit) £1,000 (1,000 x £1 spins) you could expect to have a resultant balance of £940, rather than £960. But this is not realistic.

The realistic outcome is going to be much worse than that for the average player. It is very difficult to meet theoretical RTP over just a thousand spins. You would need to do millions and millions of spins before you can accurately assume to meet this level. The provider will dictate exactly where they have shaved off this RTP in relation to the payouts and frequency of wins.

I would hazard a guess that they wouldn’t want to disrupt the high volatility meta that slots currently have these days, so that would mean (most likely) the odds of winning a bonus, or the more achievable wins, will be cut to meet this new RTP level. What does this mean? It means you will be much more likely to go bust from your starting balance than before.

Thanks Bio, and that’s how you maintain profitability in the face of rising taxation. It’s lazy decision making in my opinion and could damage their reputation in the sector, it already has with me! So in short, out our money doesn’t last as long, fewer features to enjoy, lower returns when they do come – a one way ticket to bust town

[sl slottinggooner WANTED $23 Outlaw]

Really poor form of Videoslots to do this and not inform the players, I was doing a reload bonus last week and luckily cashed out.

I won’t be putting another penny of mine into this casino until I hear exactly what is happening. It’s a bit like imposing a tax on someone and not telling them about it. It is clear that Videoslots, is the first operator to mitigate a higher online casino tax of 21% in the UK by passing it onto the customer.

[burders WANTED $55 Outlaw]

slottinggooner wrote:

Really poor form of Videoslots to do this and not inform the players, I was doing a reload bonus last week and luckily cashed out.

I won’t be putting another penny of mine into this casino until I hear exactly what is happening. It’s a bit like imposing a tax on someone and not telling them about it. It is clear that Videoslots, is the first operator to mitigate a higher online casino tax of 21% in the UK by passing it onto the customer.

We’re on the same page and as a fellow Gooner I’d expect nothing less! Just a bit perplexed that there isn’t a little more indignation about this subject – are we all so used to losing that it doesn’t matter what the RTP is?

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