ChrisT70 Posted August 9, 2012 Share Posted August 9, 2012 if you want maths headaches look at craps, and betting odds, skillfull players who know how to play it can break 100+% with certain bets at certain points within the game, however its unheard of in britain to see craps played! Link to comment Share on other sites More sharing options...
Lucyjackson Posted August 9, 2012 Author Share Posted August 9, 2012 ok, would losing 25,000 in 24 hours playing ten pound spins without anything back be dodgy gaming? Link to comment Share on other sites More sharing options...
ChrisT70 Posted August 9, 2012 Share Posted August 9, 2012 ok, would losing 25,000 in 24 hours playing ten pound spins without anything back be dodgy gaming? mmm thats a difficult one. you cant prove it without raising a enquiry with the bookies/casino etc and asking for printed proof of the machines audit trail. might be a job for trading standards if you supect its rigged. is this a theoretical or real scenario? Link to comment Share on other sites More sharing options...
Lucyjackson Posted August 9, 2012 Author Share Posted August 9, 2012 mmm thats a difficult one. you cant prove it without raising a enquiry with the bookies/casino etc and asking for printed proof of the machines audit trail. might be a job for trading standards if you supect its rigged. is this a theoretical or real scenario? its a very real situation with a hell of a lot more to it Link to comment Share on other sites More sharing options...
ChrisT70 Posted August 9, 2012 Share Posted August 9, 2012 its a very real situation with a hell of a lot more to it bummer. its entirely possible and legal as explained, however to win nothing whatsoever within that period sounds a bit suss. can you go into any detail? no probs if not. i have actually sat and watched a guy who lost more than that amount in 35 minutes at blackjack in a vegas casino, just with a real bad run of cards, so anything can and will happen in gambling. i dont play machines much if at all myself due to the poor payout compared to some games, and doing in £250 in one night would be more than enough for me, i know how that feels. £25k without any return at all is a big hit and no wonder you are puzzling Link to comment Share on other sites More sharing options...
Lucyjackson Posted August 9, 2012 Author Share Posted August 9, 2012 bummer. its entirely possible and legal as explained, however to win nothing whatsoever within that period sounds a bit suss. can you go into any detail? no probs if not. i have actually sat and watched a guy who lost more than that amount in 35 minutes at blackjack in a vegas casino, just with a real bad run of cards, so anything can and will happen in gambling. In a nutshell. I joined a certain online bingo site a few weeks ago and deposited about 20 quid. within an hour i had won 18,000 and was so shocked i called the company who congratulated me and said it was all legit, thats when the probs started.. I tried to withdraw my winnings but there was a limit on saying i could only withdraw a thousand a day, 2 thou a week or three thou a month. I rang the company again and they explained that a security email need to be sent to verify who i am and would be with me within 72 hours.. I waited for the email to come through and in the mean time i continued to play, i looked on the biggest winner page and was shocked when my name was up there saying i had won £52,0000.... I rang the company again and was told that it was a cumulative wagering amount, i found it very misleading and began to get suspicious as my security email still had not come through... anyway other things went off like them getting my name wrong in emails and contradicting themselves.. I decided to wait for the 72 hours to be up for the security email to come through...it never came.. I would have to pm you with what happened next but needless to say £25,000 was wagered and lost within a very short space of time and apparently no major wins back.. The owners of the site are looking into it but it is not looking likely that anything will come of it. I just hought the whole thing was dodgy from start to finish and i aim to get to the bottom of it one way or another Just to edit, when i continued to play with the 18k i quickly got up to 25 k I have also learnt that the site has had massive losses recently and is struggling to take off Link to comment Share on other sites More sharing options...
Geezer Innit Posted August 9, 2012 Share Posted August 9, 2012 Assuming that each spin gives a return of between 93-97% (which it wouldn't in real life, but for the sake of mathematical argument let's assume it does) you would expect that for each £10 spin you would get back between £9.30 and £9.70. I.e. Each spin would reduce your total pot by between 30p and 70p. Then you need to find out how many lots of 30p and how many lots of 70p there are in £25,000. This tells you how many spins would, on average, reduce your 25,000 to 0. 25,000 / 0.3 = 83,333 25,000 / 0.7 = 35,714 So, for £10 spins, it would take between 35,714 and 83,333 spins to lose your £25,000. For £100 spins, it would be 10 times quicker I.e. Between 3,571 and 8,333 spins. Link to comment Share on other sites More sharing options...
Lucyjackson Posted August 9, 2012 Author Share Posted August 9, 2012 Assuming that each spin gives a return of between 93-97% (which it wouldn't in real life, but for the sake of mathematical argument let's assume it does) you would expect that for each £10 spin you would get back between £9.30 and £9.70. I.e. Each spin would reduce your total pot by between 30p and 70p. Then you need to find out how many lots of 30p and how many lots of 70p there are in £25,000. This tells you how many spins would, on average, reduce your 25,000 to 0. 25,000 / 0.3 = 83,333 25,000 / 0.7 = 35,714 So, for £10 spins, it would take between 35,714 and 83,333 spins to lose your £25,000. For £100 spins, it would be 10 times quicker I.e. Between 3,571 and 8,333 spins. and if it took 5 seconds each spin, how long would that take? Link to comment Share on other sites More sharing options...
ChrisT70 Posted August 9, 2012 Share Posted August 9, 2012 In a nutshell. I joined a certain online bingo site a few weeks ago and deposited about 20 quid. within an hour i had won 18,000 and was so shocked i called the company who congratulated me and said it was all legit, thats when the probs started.. I tried to withdraw my winnings but there was a limit on saying i could only withdraw a thousand a day, 2 thou a week or three thou a month. I rang the company again and they explained that a security email need to be sent to verify who i am and would be with me within 72 hours.. I waited for the email to come through and in the mean time i continued to play, i looked on the biggest winner page and was shocked when my name was up there saying i had won £52,0000.... I rang the company again and was told that it was a cumulative wagering amount, i found it very misleading and began to get suspicious as my security email still had not come through... anyway other things went off like them getting my name wrong in emails and contradicting themselves.. I decided to wait for the 72 hours to be up for the security email to come through...it never came.. I would have to pm you with what happened next but needless to say £25,000 was wagered and lost within a very short space of time and apparently no major wins back.. The owners of the site are looking into it but it is not looking likely that anything will come of it. I just hought the whole thing was dodgy from start to finish and i aim to get to the bottom of it one way or another wow, thats a shocker for sure. can see why you need to investigate this. in theory the online sites (slots) are regulated to the same extent the "Physical" machines in bookies and casinos are. i would certainly be looking to take it further like you are. trading standards for sure, and do some digging to find out who regulates the online casinos etc, get it reported asap for an invesitgation. saying that, i cant see how they forced you to continue gambling your "winnings" down to nothing, how/why did you not just sit tight and await the security issue being resolved, or was the "win" tied into a certain amount of playing time/expenditure? certainly sounds like a scam with it being online, far more so that it it had been on a genuine machine located in an established venue. Link to comment Share on other sites More sharing options...
ChrisT70 Posted August 9, 2012 Share Posted August 9, 2012 Assuming that each spin gives a return of between 93-97% (which it wouldn't in real life, but for the sake of mathematical argument let's assume it does) you would expect that for each £10 spin you would get back between £9.30 and £9.70. I.e. Each spin would reduce your total pot by between 30p and 70p. Then you need to find out how many lots of 30p and how many lots of 70p there are in £25,000. This tells you how many spins would, on average, reduce your 25,000 to 0. 25,000 / 0.3 = 83,333 25,000 / 0.7 = 35,714 So, for £10 spins, it would take between 35,714 and 83,333 spins to lose your £25,000. For £100 spins, it would be 10 times quicker I.e. Between 3,571 and 8,333 spins. as explained though, the 93-97% payout isnt all the time, its an average over a long period, you might play for a few days and not see that figure overall. i think its also dependant upon the number of spins per period within the averaging programme, so well used machines will tend toward the average more frequently if you drop in.out of play. Link to comment Share on other sites More sharing options...
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