Casino Talks

Posted by: Dave R at May 4, 2000, 10:52 am

Topic: Online Casino Newbie Forum: Winner Online

Elisabeth, welcome to our humble abode. I've been gaming online for 3+ years and know the ins and outs of the industry. There are only a handfull of reputable casino software developers (turnkey providers). The ast majority of them can not be trusted to give YOU an HONEST game. This means the software has been delibrately programmed to cheat you. Most online casinos promise Vegas or AC odds, and then maliciously go back on thier word. They tune the odds on table games by manipulating the outcome of the cards and dice. The games are rigged to give the house a much larger than normal advantage. Since you have no way to prove this is happening, the casino is able to STEAL your money ery quickly. At the end of the month 30% to 50% of the casino's gross income goes right back into the pocket of the turnkey provider. The casino then takes approximately one half of its net income (the rest of the money it stole from you), and puts it into advertising and referral programs. More new players are sucked in, get ripped off, and the casino rakes in even bigger profits. It then takes half of these NET profits and puts it to advertising. ITS A VICIOUS CYCLE THAT NEVER ENDS.

A turnkey provider has every incentive to rig the games. If its able to license another 20 casinos that run its software, and
each casino constantly advertises, the profits will be exponential. I repeat - the turnkey provider makes 30% to 50% of EACH of the 20 casinos net profit.

This is why the industry is poised for such amazing growth over the next few years. The more casinos advertise, the more suckers are drawn in. Some of these players end up becoming highly addicted. Even though these players know they are being cheated, they simply do not have the will power to stop. Other players stop using one turnkey provider, only to try another. But the problem is most competing turnkey providers don't run honest games either.

Its an industry built on fraud and deception, and reminds me of the cheating that went on in Las Vegas in the years before regulation.

[This message has been edited by Dave R (edited 05-04-2000).]

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