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[Chrislucky6 WANTED $4 Outlaw]

If any of us had a spare 100k, I highly doubt anybody would think right reel king it is, esspecially sfter bandit only managed to be £800 up after the debarcle…it served as a warning to me…

[eejit101 WANTED $312 Outlaw]

Dune2000 wrote:

Mitros On Fire wrote:

Yes, seriously. It’s not a sly dig, it’s what I think. He is the sole reason I don’t really get involved in any real debate on here with his tiresome waffling and I’m probably not the only one.

 

Even now after being told he’s completely incorrect he’s not fully accepting he’s wrong. Just embarrassing and I pity him.

Yep, I see your point to a certain extent, but lets face it, eejit aint helping with his insensitive comments regarding suicide, stating good for them and he feels happy for them, I always gave him more credit.

Lines that just generate flame wars.

Dont mess the point up. I have no issue with your point above, but what i mean was, ill try and re-word it, I feel happy for them that if they “choose” to do that, as they will feel happier and at peace, then let them. I feel sorry for the families left behind and anyone their attitude affects, but the person themselves, ifthey are finally happy without stress and worry, then good for them. Im happy for them that they are happy.

 

Make sense? Hope so. Not trying to be a cunt.

 

As for Mr. B. – where did we contradict ourselves? There are 9 reasons for KYC, AML isnt just one topic. Stop arguing with facts? I dont see why you believe your point to be true, when I know for a fact as to why KYC is gotten. It gets more and more in depth with certain levels, threshold levels exist to stop certain aspects of financial motivations. The whole “When the fun stops, stop” is taken out of context by you here. You cannot use that belief as for KYC to be about Responsible Gambling to fund an argument that has no basis.

 

Im happy to admit i can see why youd think that, but you are 100% incorrect. Its for financial motivations, legal motivations, company motivations, tax motivations, AML motivation, auditing motivations, data protection motivations, terrorism & crime motivations, and potential cross selling motivations.

Thats 9 listed above. That work for you?

[Haz40 WANTED $1,167 Outlaw]

After these last few weeks bet bandits glad he never went ahead with that pub meet up. That’s all I’ll say. It would be a full scale riot.?

[Du Dune2000 WANTED $205 Blocked]

eejit101 wrote:

Make sense? Hope so. Not trying to be a cunt.

Nah, I know, its just that most of your posts make eminent sense, I just think that the subject matter is rather sensitive and you didn’t come across well.

Apologies, but I have been at rock bottom and feel very strongly about the subject.   Yes it’s about personal responsibility but I do continue to assert that gambling companies only concern for the welfare of their customers is where it might produce bad publicity or result in hefty fines.

Is that wrong?   They are a commercial company and are there to make money, and lets face it Tobacco companies are worse in many ways as they just promote a slow painful expiry (its not that many years since they were handing out free packets of cigarettes in Africa to promote smoking)

My only bone of contention would be if anyone actually states that casino’s have an interest in the welfare of their customers – they dont, they are just cash cows.

[eejit101 WANTED $312 Outlaw]

I agree with your point dune, sorry if it came across as harsh or crass.  (This is how adults talk people!)

As for the last bit, “bone of contention”, i disagree with you, but only slightly. Most are in it for the money, but some do the RG stuff as they want to. Some companies take it to great levels (videoslots being one), and im in no way affiliated there to say this, but they are doing things above and beyond what is required to try and help.

 

Simple facts – Casinos make money. Based on our stats, from 1million in deposits, caisnos will pay out 350k in withdrawals, 100k to games, 50k to payments, and 250k to affiliates. That leaves 250k profit from that million. Their only overheards are platform and the basics (hosting etc). So the actual profit is about 8%. Thats not bad. Scale that up to 1mil deposits a day, and thats an 80k a day business.

 

Basically Bandit makes the same as videoslots when he has a mad RK session.

[Du Dune2000 WANTED $205 Blocked]

eejit101 wrote:

Simple facts – Casinos make money. Based on our stats, from 1million in deposits, caisnos will pay out 350k in withdrawals, 100k to games, 50k to payments, and 250k to affiliates. That leaves 250k profit from that million. Their only overheards are platform and the basics (hosting etc). So the actual profit is about 8%. Thats not bad. Scale that up to 1mil deposits a day, and thats an 80k a day business.

I did read an interesting article about setting up an online casino, where they stated that the minimum outlay was £50k and you should really start with at least £300k.

It also explained why some of the casino’s were so difficult to withdraw from, with delaying tactics, maximum withdrawals etc.  In many cases due to underfunding, so they have cashflow problems and therefore use every opportunity to delay payouts, encourage withdrawal cancellations and get you to re-gamble your winnings..

All the more reason to check who you are signing up with I guess

[Mr Mr B WANTED $395 Blocked]

so are you now saying KYC has absolutely NOTHING to do with responsible gambling ?

[Du Dune2000 WANTED $205 Blocked]

eejit101 wrote:

350k in withdrawals, 100k to games, 50k to payments, and 250k to affiliates.

And that’s the last time I want to hear an affiliate say how little money he makes 🙂

[Du Dune2000 WANTED $205 Blocked]

eejit101 wrote:

Simple facts – Casinos make money. Based on our stats, from 1million in deposits, caisnos will pay out 350k in withdrawals, 100k to games, 50k to payments, and 250k to affiliates

Looking at that simplisticly, and I am not disputing the RTP which is monitored, but how does that work.

If you take in £1m in deposits and £350k of that goes straight to affiliates, payments and games (and I assume additional costs for staff), how does that enable an RTP of 95%?

I know it’s off topic but I just can’t make it add up, although I am sure there is a reason for that

[ar argyl53 WANTED $419 Outlaw]

Mr B wrote:

so are you now saying KYC has absolutely NOTHING to do with responsible gambling ?

What I’m saying is when you said

Look at the KYC etc. That ONLY exists because many people struggle with gambling, the same as people struggle with other types of addiction.

That is completely wrong. KYC is AML regulation which also applies to banks, trading platforms and financial institutions which have zippety doo da to do with gambling. Checks casinos in particular do to make decisions about whether a player comes under the banner of a problem gambler may be done using KYC procedures and information, but that’s auxiliary to that industry and not what KYC is fundamentally about.

[Haz40 WANTED $1,167 Outlaw]

Dune2000 wrote:

eejit101 wrote:

Simple facts – Casinos make money. Based on our stats, from 1million in deposits, caisnos will pay out 350k in withdrawals, 100k to games, 50k to payments, and 250k to affiliates

Looking at that simplisticly, and I am not disputing the RTP which is monitored, but how does that work.

If you take in £1m in deposits and £350k of that goes straight to affiliates, payments and games (and I assume additional costs for staff), how does that enable an RTP of 95%?

I know it’s off topic but I just can’t make it add up, although I am sure there is a reason for that

Money deposited not much money staked. £1 million in deposits probably enables about £10 million in money staked which returns approx 9.65 million which leaves £350k profit at 96.5% rtp.

[Haz40 WANTED $1,167 Outlaw]

Ignore the word MUCH I’m having a blonde day. ??

[Du Dune2000 WANTED $205 Blocked]

Haz40 wrote:

Dune2000 wrote:

eejit101 wrote:

Simple facts – Casinos make money. Based on our stats, from 1million in deposits, caisnos will pay out 350k in withdrawals, 100k to games, 50k to payments, and 250k to affiliates

Looking at that simplisticly, and I am not disputing the RTP which is monitored, but how does that work.

If you take in £1m in deposits and £350k of that goes straight to affiliates, payments and games (and I assume additional costs for staff), how does that enable an RTP of 95%?

I know it’s off topic but I just can’t make it add up, although I am sure there is a reason for that

Money deposited not much money staked. £1 million in deposits probably enables about £10 million in money staked which returns approx 9.65 million which leaves £350k profit at 96.5% rtp.

Thanks Haz, makes sense now – I knew I had it wrong in my head somewhere

[Mr Mr B WANTED $395 Blocked]

argyl53 wrote:

<p>KYC is AML regulation, it’s nothing to do with problem gambling, it’s not even specific to gambling.</p>

Is that like saying the invention of the wheel has nothing to do with slot reels, they’re not even specific to slots ?

When you can see what happened there, you’ll realise as I conceded I was wrong to ONLY but KYC does exist as part of problem gamblers now, even if you are right that it wasn’t initially brought out as that. You said KYC has nothing to do with gambling.

Paper money wasn’t created initially to be fed copiously into a fobt, or set on fire, or minced up, added to resin and a lathed pen created out of it. Shit happens.

[Mr Mr B WANTED $395 Blocked]

I mean, are there people who work in the gambling industry that think gambling suicide is a shame ?

It doesn’t appear to matter to the industry. It does appear to matter to some people though, who are usually players and non-players.

I mean, I can see why the whole debate isn’t wanted on here…… because, you know, the sufferation is just collateral damage for profits without regard or remorse.

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