Online slot machine games are very popular. However, if you do not follow all possible news feeds about gambling, you will not often hear about people making money through slots. Are the systems rigged or do online casinos not advertise their winners very well? A bit of both. In other words, the situation is complicated and you shouldn’t be surprised to not see a large list of winners every month.
Online gambling is a multi-billion dollar industry – with revenues expected to exceed $45 billion in 2017. Revenues are growing every year. It is estimated that there are over 2,000 licensed online casinos, and probably many more unlicensed casinos.
People can and do win money from Pnxbet Philippines online casino slot games. However, despite the sheer size of the online gaming industry, there are few reliable statistics about the industry. Here’s what you need to know about the people who play online slot games.
1 – Online gambling may be illegal where you live
Gambling sites are hosted in many countries/regions, most of which restrict who can play in them. Technically speaking, the legality of online gambling in the Philippines is complicated. Fortunately, under current laws, players are not responsible for their games.
You are more likely to see news stories about local convenience stores being cited for operating illegal gaming parlors than news stories about people you know being arrested for gambling. The same is true for online gambling. Where authorities are convinced that illegal gambling is taking place, they go after the people running the games. So naturally they don’t draw attention to themselves.
2 – Most Filipinos gamble online
Finding good data isn’t easy. in June 2020, the results of a poll on Filipinos’ attitudes toward gambling were released. 75 percent of respondents said they had gambled online, a 65 percent increase over a poll conducted a decade earlier. Yet the same poll found that about half of Filipinos play online slots. More people are likely to log on to Philippine Pnxbet online sites than to play at physical casinos.
3 – Online slot games are unprofitable for players anyway
Every gambling expert in the world has told you that online slot games are the least profitable for players. The house will not run games without an edge. Opinions vary on the extent to which online slot games hinder the house advantage. A more complex estimate is that some online casinos are illegal copies of others, using stolen software. The games are not trustworthy.
Some online casinos to the Philippines may offer very fair games, but they are still slot games. You should expect your balance to diminish gradually, with the occasional big win.
4 – The type of game you play is important
Some online slot games are more volatile than others. They may pay out bigger jackpots, but it takes longer to get those jackpots. All online slots prizes are paid for by player wagers. Whether you play an isolated slot game or a progressive game associated with other players, the house expects it to pay out prizes from theoretically returning players.
If the house edge is 10%, the theoretical RTP is 90%. While this may seem like a high number, it means that the average game balance will drop by about 10% over time. This is despite paying out any progressive bonuses as they are expected to be part of the 90% RTP. In any gambling game, the larger the bonus, the more pronounced the disparity in wealth distribution. In other words, the more big winners you have, the less overall winners you have.
These games are designed to balance the stakes and the prizes. If everyone playing roulette were to bet only on a single number, the actual casino advantage would be slightly higher than it currently is because the expected casino advantage for a single number bet is higher than for an even number bet.
In this hypothetical world of single-digit-only bets, fewer players would win, but on average they would win larger prizes. According to the math, slot machine games work the same way. The mechanism for distributing the jackpot is different from roulette, but the goal is still to make a profit from the wagers.
5 – Gambling by chance is unlikely to win the jackpot
According to the survey, the poorest or richest households were more likely to gamble online. The same survey also showed that people with some college or technical school education and those with only a four-year degree were more likely to gamble than those with less education and higher education.
This means that you and I bear the burden of gambling. Since we are not rich, we do not have the money to gamble every day. Professional gamblers tend to gravitate towards games of skill like blackjack and poker. Therefore, most people who play slots do so for fun.
The dichotomy of the Philippine online slot game mechanics is that the longer you play, the more money you lose; but you need to play longer to improve your chances of winning the jackpot. If most slot players don’t have the budget to “buy jackpots”, then you will hear that fewer and fewer people stand out in the slot game.
6 – It’s not easy to stop playing
For all the classic reasons, Philippine Pnxbet online slots games are addictive. But even people who are not addicted to gambling and slot games have a hard time leaving the game. Once you get into that semi-numbing state of constantly pressing “spin”, your game will resemble the gaming habits of most other people.
Online slot games look and sound as much like land-based casino slot games as possible, but online casinos have a downside. When you play online from the comfort of your home, you are not in a comfortable, relaxed casino with hundreds of slot games blaring all around you. While it may be easier to stop playing an online slot game out of boredom, the game is still designed to keep you playing for as long as possible.
7 – Online casinos make your money uncomfortable
This is probably the biggest factor in the equation. Seasoned online players know they must be patient with online casino payment systems. Not only are casinos concerned with avoiding player fraud, they also need to have as much cash on hand to handle the throughput. Technically, every time you win a prize, the online slot game gives you money. The casino is responsible for that money.
Since Filipino players face difficulties in depositing money at online casinos, players should not be surprised that it takes longer to complete transactions in the opposite direction.
While it is easy to discuss probability and prediction through mathematics, this question deserves a more thorough and thoughtful answer. Yes, there are definitely some people who win more than they lose. That’s the nature of the game.
Most people lose money in online slot games, but that’s not always because the game is taking it on. The intent and feelings of the players are an important part of the picture. If you’re “just playing for fun”, you’re less likely to care if you lose money, even if you’re putting up real money.
This is true whether you spend $100 on a steak dinner, concert tickets or a night of online slot play. If most players feel this way, then they will feel like winners even if they don’t take home more money than they spent.
But seriously, if you really want to gamble online at Pnxbet Philippines as a way to make money, then playing online slots should be one of the last options on your list.