Forget the Bonus, Cut the rake - dont promote rip off online casinos

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    Last post ago over 2 years by wscalley
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        Just discovered this site due to the purchase of Wizard of odds and Wizard of Vegas site purchases by LCB.
        I'm a land based gambler but this online scene intrigues me.
        Not interested in Bonus's, just don't think they are worth it these days.
        What I want to know is what casinos are cutting there rake.
        If LCB truly cared about the people here and give them a good deal gambling, they would rank online casinos due to their rake.
        I signed up for the highest rated US online casino, Miami Club Casino.
        Played Pai Gow Poker. commission was 5 per cent. No dealer, no drinks, no party pit cleavage, no atmosphere. 5 per cent for an online casino with minimal expence is a total rip off.
        Yes the highest rated US casino listed on LCB is a rip off.
        How about some honest reviews of these online casinos with rip off rakes.
        I read the review before going in, no mention of the rip off rakes. Nope, gets the LCB high rating.
        Really sad recommending rip off joints.
        Every game at every online casino should have a fraction of the rake of a land based casino.
        That's not the case and LCB could care less.
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        This was explained many times already. And Ill say it again. All our casino reviews are rated by our visitors. It is also where they can publish their comments and experience.
        it is all there for everyone to see, comment,rate and hence as transparent as it can get.

        Im not going to bother to explain this to you again.

        If you feel like this about online casinos and LCB then my advice to you is stick to brick and mortar casinos.

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        LCB have bought the wizard of odds and wizard of vegas sites? I don't understand, you just did an editorial about the guy too, did I miss it somehow?!
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        The interview was done before the purchase actually. Mike is still to remain the head content writer and consultant on those sites.
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        Is there anywhere on this site where I can compare the rake charged by various online casinos.
        If not, why not request the information from online casinos and post the list.
        With all the reps here, seems pretty simple, logical and the RIGHT thing to do.
        I might dabble in this but not without that information.
        That would be like playing JOB video poker without the wizard of odds strategy :-)
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        Not sure I follow you on the rake.. I know of poker rake, but never heard of online casino rake?
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        Zuga wrote:

        Not sure I follow you on the rake.. I know of poker rake, but never heard of online casino rake?


        Commission, rake, edge, takeout, advantage ect.
        cmon, you know exactly what I am talking about.
        Is there any information on this web site regarding the rules and edge of online casino rules.

        Wizard of Vegas has a blackjack survey showing rules and % advantage each casino has.
        vpfree2 lists all casino video poker machines and the % advantage.
        I can use this to determine each casinos edge and decide where to play.

        Do you have this kind of list here so I can decide what online casino to play.
        The most important information for a gambler to choose an online casino is the
        commission, rake, edge, takeout, advantage .
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        Seriously now. If I said I did not get you, then it means just that. Otherwise you are calling me a liar.

        Now if I got it right, you are talking about the house edge on the games and the RTP ( return to player ) on the games provided by online casinos.

        If thats what you are referring to, then no we do not have that kind of info yet. But it is a good idea actually and now we might consider creating such list , tho it sure will be a comprehensive one given the sheer volume of online games.

        [quote]The most important information for a gambler to choose an online casino is the
        commission, rake, edge, takeout, advantage


        Granted that might be the most important thing to you , but not necessarily to the other gamblers.




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        Thing is such a figure per-casino is pretty much worthless, every game has its own tRTP or theoretical return to player, and that is all you should be concerned with!
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        Zuga wrote:



        Seriously now. If I said I did not get you, then it means just that. Otherwise you are calling me a liar.

        Now if I got it right, you are talking about the house edge on the games and the RTP ( return to player ) on the games provided by online casinos.

        If thats what you are referring to, then no we do not have that kind of info yet. But it is a good idea actually and now we might consider creating such list , tho it sure will be a comprehensive one given the sheer volume of online games.

        [quote]The most important information for a gambler to choose an online casino is the
        commission, rake, edge, takeout, advantage


        Granted that might be the most important thing to you , but not necessarily to the other gamblers.


        I apologize if you got the impression I was calling you a liar.
        To be honest, you have replied to all my concerns and posts here and over at WOV board.
        I may not agree with your responses but I appreciate the responses and the honesty of the responses.


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        catapultaudio wrote:

        Thing is such a figure per-casino is pretty much worthless, every game has its own tRTP or theoretical return to player, and that is all you should be concerned with!


        It can easily be done. Its done over at the WOV board just bought by this web site.
        Only difference is that we are listing land based casinos instead of online casinos.
        Over there we take it game by game.
        Take Blackjack. A list of all the Las Vegas casinos is compiled with the different rules and casino edge in the right column.
        I can look at the list and see the El Cortez  casino downtown Vegas BJ game has a 0.16% edge
        Or I can see downtown Las Vegas club BJ rules mean a 0.60% edge.
        This is what I look at when determining what casino to play at.
        I play at the El Cortez and don't play at the Las Vegas Club.
        We have this same list for a variety of games.
        Each game has a list of the casinos, their rules and their edge.
        If it can be done there, it can be done here.
        That if LCB management chooses to give this crucial information to their members as its done over at WOV.
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        That if LCB management chooses to give this crucial information to their members as its done over at WOV.


        Like i said earlier it is a good idea and we will look into compiling such list.
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        terapined wrote:

        catapultaudio wrote:

        Thing is such a figure per-casino is pretty much worthless, every game has its own tRTP or theoretical return to player, and that is all you should be concerned with!


        It can easily be done. Its done over at the WOV board just bought by this web site.
        Only difference is that we are listing land based casinos instead of online casinos.
        Over there we take it game by game.
        Take Blackjack. A list of all the Las Vegas casinos is compiled with the different rules and casino edge in the right column.
        I can look at the list and see the El Cortez  casino downtown Vegas BJ game has a 0.16% edge
        Or I can see downtown Las Vegas club BJ rules mean a 0.60% edge.
        This is what I look at when determining what casino to play at.
        I play at the El Cortez and don't play at the Las Vegas Club.
        We have this same list for a variety of games.
        Each game has a list of the casinos, their rules and their edge.
        If it can be done there, it can be done here.
        That if LCB management chooses to give this crucial information to their members as its done over at WOV.


        That was exactly my point, on a per game basis the information has merit, whereas on a per-casino basis it does not. Heres why:

        Lets say we have a roulette game with a 2.7% edge, a handful of slots at between 3-8%, blackjack at 0.5% and video poker at 0.2% ... if we average all of these out, we get an average of 4.04% edge for our imaginary casino. If another casino has slightly different slots, plus a different variation of blackjack in play, and lets also throw in, they happen to offer only American roulette at 5.4% ... yet we average out all of their games casino-wide and still return an overall edge of 4% !

        Which casino would you prefer to play at?? If your a roulette player, for sure its going to be casino A with the single zero table. If your a slots player, you might prefer the second option as they have more games with high RTP. Basically, a casino wide number gives you zero information you can actually use when you get there, its just a guideline.

        If you were talking about actual RTP as opposed to the games theoretical RTP, then again, there may well be some variation in overall percentage between different casinos, but its entirely down to luck in all honesty. If you compare two online casinos both offering Microgaming software only and one has 95% RTP for the last year whereas the other has 97%, it most certainly does NOT guarantee the second casino is offering better odds - they definitely are not, just more players got lucky there.

        So, do you go to the casino where more people have been winning, therefore you should win too? Or do you go to the one that has paid out less the past year, therefore they are "due" to pay out a bunch more?

        I would definitely like to LCB list each games tRTP in the free games section though, no question - and some tables of various different blackjack and video pokers by different providers would be nice to see as well. As Wizard of Odds has a bunch of such information already, I doubt it would be much effort to implement it here.

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