Blacko Posted June 17, 2019 Share Posted June 17, 2019 (edited) Might be a bit of a daft question this but I often think that there must be a time where casinos keep one eye on huge withdrawals from their bank balances. Would the smaller casinos be in a panic if Paul withdraws £200k of roulette winnings?, I know the Bandit plays at video slots but surely the smaller slot sites couldn't finance the levels of huge withdrawals he takes from Reel King just about every time he plays it. Not having a go at any streamer as I genuinely wish them all the best, just a simple question to anybody with knowledge on how the industry works. Edited June 17, 2019 by Blacko Quote Link to comment Share on other sites More sharing options...
Garryboy001 Posted June 17, 2019 Share Posted June 17, 2019 I've wondered this before and then I realised most of the smaller casinos have small withdrawal limits that they won't bend to help you out. I'm sure both Paul and the bandit have had to get there big withdrawals authorised from someone high up. I might be wrong with the last bit so don't quote me lol 1 Quote Link to comment Share on other sites More sharing options...
david1111 Posted June 17, 2019 Share Posted June 17, 2019 (edited) 24 minutes ago, Garryboy001 said: I've wondered this before and then I realised most of the smaller casinos have small withdrawal limits that they won't bend to help you out. I'm sure both Paul and the bandit have had to get there big withdrawals authorised from someone high up. I might be wrong with the last bit so don't quote me lol You're right. I remember Paul saying ages ago that the casino pushed through one of his 100k withdraws On the subject matter though, I guess some would worry same as any small business. Not all casinos succeed Edited June 17, 2019 by david1111 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted June 17, 2019 Share Posted June 17, 2019 (edited) Probably going to struggle to find actual financial reports from a casino. Considering many of them won't even divulge who owns them, they aren't going to go into their finances! For that type of business, the weekly/monthly withdrawal limits make sense. To really simplify it, I can't imagine they have too many losing weeks, but there is the potential when they do have one for it to be huge. So it is better to spread that liability across a period of time. Of course from a customer perspective it is a bad thing. I have had one 6 figure withdrawal from an online casino (not bookmaker related) initially I believe it was £5k a week maximum for me. It was later increased to £10k a week... the problem being for me of course, I always had the temptation to continue playing and potentially losing it. People like @Rocknrolla have increased withdrawal limited beyond that because they are "public figures" it makes sense for the casino to limit the amount of things they can moan about, also they have shown sustained play/deposits. The casinos have firm evidence there to show that they are probably going to get it back and some from these people. Whereas someone like me and you, if we win that much it is more likely a hit and run, as we have no obligation to continue playing there. I have never won so much from bookmakers casino's so can't really cross reference. I have however had successful periods in the past on their sportsbooks and had no problem withdrawing large amounts in one go, I do believe that they have the limits in place still (£100k per week on both Ladbrokes and Hills, as far as I am aware) but they are very flexible with it. But it is kind of like comparing Pepsi to the neighbours daughters diabetes inducing lemonade stall. The thing is with Rocknrolla's and the TheBandits play, it might be way above ours, but like Paul posted his massive losses on 21 this month, they know they are going to get it back longterm. Just as Casumo will feel pretty confident that they are going to get back all what TheBandit won from them. Neither of them are never lose gambling messiahs with some unbeatable system. They are two addicted gamblers who stake high, consequently won big, continue to stake high and will ultimately lose big. If me or you stakes the amount they did and had done so long term, we would likely be able with withdraw whatever we wanted in one go from those sites too. Edited June 17, 2019 by Guest Quote Link to comment Share on other sites More sharing options...
Guest Posted June 17, 2019 Share Posted June 17, 2019 To add; I can imagine if me or you signed upto a casino and won a progressive jackpot or whatever it would be a worry (I do assume they have insurance on the progressive jackpots however). Whereas a player that may deposit 10's of thousands per month winning a few hundred thousand is more likely "normal" and not a worry. Quote Link to comment Share on other sites More sharing options...
adamuk Posted June 17, 2019 Share Posted June 17, 2019 22 minutes ago, Denman said: To add; I can imagine if me or you signed upto a casino and won a progressive jackpot or whatever it would be a worry (I do assume they have insurance on the progressive jackpots however). Whereas a player that may deposit 10's of thousands per month winning a few hundred thousand is more likely "normal" and not a worry. I thought the big jackpots were paid for but the provided not the casino? 3 Quote Link to comment Share on other sites More sharing options...
Guest Posted June 17, 2019 Share Posted June 17, 2019 Just now, adamuk said: I thought the big jackpots were paid for but the provided not the casino? No idea to be honest, surely some of the liability must fall on the casino's? Quote Link to comment Share on other sites More sharing options...
Solario333 Posted June 17, 2019 Share Posted June 17, 2019 4 minutes ago, Denman said: No idea to be honest, surely some of the liability must fall on the casino's? Pooled `jackpots like Mega Moolah are paid by the provider, and contributed to by a payment per spin , exclusive Jackpots are paid by the casino. Nearly 2% of all RTP goes into a pot to cover the cost of a major jackpot. 3 Quote Link to comment Share on other sites More sharing options...
Solario333 Posted June 17, 2019 Share Posted June 17, 2019 Major casinos turnover 100 of millions per year so the payments made are controlled by the Computer , which will flag all amounts above a certain level and refer them to the payment team. The payment team will process them according to set rules , that are confidential,and tailored to each individual according to their playing and deposit history. Of each 100,000 payments made only 2% get referred on average.... and of the 2% about 90% are paid within 5 days . 2 Quote Link to comment Share on other sites More sharing options...
Markymark Posted June 17, 2019 Share Posted June 17, 2019 1 minute ago, Solario333 said: Pooled `jackpots like Mega Moolah are paid by the provider, and contributed to by a payment per spin , exclusive Jackpots are paid by the casino. Nearly 2% of all RTP goes into a pot to cover the cost of a major jackpot. Hypothetical question, if a new casino just opened and someone won a pooled jackpot the same day, the casino doesn't have enough to pay what would happen? 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted June 17, 2019 Share Posted June 17, 2019 3 minutes ago, Solario333 said: Pooled `jackpots like Mega Moolah are paid by the provider, and contributed to by a payment per spin , exclusive Jackpots are paid by the casino. Nearly 2% of all RTP goes into a pot to cover the cost of a major jackpot. Fair enough, well lets just replace the progressive jackpot comment and replace it with one of the megaways games hits the trillion to one chance and goes nuts. Quote Link to comment Share on other sites More sharing options...
Blacko Posted June 17, 2019 Author Share Posted June 17, 2019 We ( the players ) look at the romantic side of winning/losing where the casinos will purely look at the income/outgoings. Regular withdrawals of tens of thousands from Reel King must concern the bean counters as its unconventional for a slot to deliver against it's rtp. House games on the other hand must worry any casino as anybody with deep enough pockets could ultimately turn out their lights if lady luck shined upon them. Quote Link to comment Share on other sites More sharing options...
Blacko Posted June 17, 2019 Author Share Posted June 17, 2019 3 minutes ago, Markymark said: Hypothetical question, if a new casino just opened and someone won a pooled jackpot the same day, the casino doesn't have enough to pay what would happen? Guess as Denman says it's just like an insurance they pay into just like a car insurance where ur covered from the first day up till the end of the policy. Just a guess though, could be completely wrong. 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted June 17, 2019 Share Posted June 17, 2019 3 minutes ago, Blacko said: We ( the players ) look at the romantic side of winning/losing where the casinos will purely look at the income/outgoings. Regular withdrawals of tens of thousands from Reel King must concern the bean counters as its unconventional for a slot to deliver against it's rtp. House games on the other hand must worry any casino as anybody with deep enough pockets could ultimately turn out their lights if lady luck shined upon them. If it were that much of a worry they would have just removed the gamble feature as it is from many places? Quote Link to comment Share on other sites More sharing options...
Blacko Posted June 17, 2019 Author Share Posted June 17, 2019 4 minutes ago, Denman said: Fair enough, well lets just replace the progressive jackpot comment and replace it with one of the megaways games hits the trillion to one chance and goes nuts. Agreed. Hear the term potential quoted time and time again during streams, it never seems to materialise apart from the odd stranger that hits big on DOA2. Buying a scratchcard has potential but how many of us will see it. Quote Link to comment Share on other sites More sharing options...
Blacko Posted June 17, 2019 Author Share Posted June 17, 2019 2 minutes ago, Denman said: If it were that much of a worry they would have just removed the gamble feature as it is from many places? I hope the guy hits it every time he plays it. Takes huge balls all the same. Quote Link to comment Share on other sites More sharing options...
Solario333 Posted June 17, 2019 Share Posted June 17, 2019 12 minutes ago, Markymark said: Hypothetical question, if a new casino just opened and someone won a pooled jackpot the same day, the casino doesn't have enough to pay what would happen? Just like the insurance on your new car , it is covered by the shared policy between multiple casinos. 1 Quote Link to comment Share on other sites More sharing options...
Solario333 Posted June 17, 2019 Share Posted June 17, 2019 13 minutes ago, Denman said: Fair enough, well lets just replace the progressive jackpot comment and replace it with one of the megaways games hits the trillion to one chance and goes nuts. The megaways will never pay out more than is physically available in the algorithmic buffer ,therefore it does not apply. 1 Quote Link to comment Share on other sites More sharing options...
Solario333 Posted June 17, 2019 Share Posted June 17, 2019 Potential is the biggest lie .....because the mathematics will never allow any potential to materialise unless the funds are there to meet the cost . So you can promise 100,000 x but if the turnover is only 10,000 x you won't see it happen . 1 Quote Link to comment Share on other sites More sharing options...
Solario333 Posted June 17, 2019 Share Posted June 17, 2019 17 minutes ago, Blacko said: We ( the players ) look at the romantic side of winning/losing where the casinos will purely look at the income/outgoings. Regular withdrawals of tens of thousands from Reel King must concern the bean counters as its unconventional for a slot to deliver against it's rtp. House games on the other hand must worry any casino as anybody with deep enough pockets could ultimately turn out their lights if lady luck shined upon them. When the Bandit is taking 30k a shot from REEL KING the game has already won , 100,000 form him and other players during the session...... 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted June 17, 2019 Share Posted June 17, 2019 1 minute ago, Blacko said: I hope the guy hits it every time he plays it. Takes huge balls all the same. I would question if it is an act of having "huge balls" or being a totally irresponsible degenerate, glorifying something incredibly detrimental and harmful. This is now touching on another, different topic, that being just how real is the casino play of affiliates when you take their source of income into consideration. Would he be doing the same thing gambling 10's of thousands on Reel King if he were still having to go work 40hrs a week for £20-200k a year? Probably not. Quote Link to comment Share on other sites More sharing options...
Blacko Posted June 17, 2019 Author Share Posted June 17, 2019 4 minutes ago, Solario333 said: Potential is the biggest lie .....because the mathematics will never allow any potential to materialise unless the funds are there to meet the cost . So you can promise 100,000 x but if the turnover is only 10,000 x you won't see it happen . Glad i'm out the game Solario, never gonna be rich but at least I know my money is safe in my pocket. 1 1 Quote Link to comment Share on other sites More sharing options...
Blacko Posted June 17, 2019 Author Share Posted June 17, 2019 Just now, Denman said: I would question if it is an act of having "huge balls" or being a totally irresponsible degenerate, glorifying something incredibly detrimental and harmful. This is now touching on another, different topic, that being just how real is the casino play of affiliates when you take their source of income into consideration. Would he be doing the same thing gambling 10's of thousands on Reel King if he were still having to go work 40hrs a week for £20-200k a year? Probably not. I tend to agree with this. The opening remarks of "This is going to be a high stake Reel King video, please switch off if this isn't for you" only makes the addicts all the more eager to hit the play button. Thus leads a queue of pigeons looking to replicate the ladder top by means of their mortgage payments. Quote Link to comment Share on other sites More sharing options...
Guest Posted June 17, 2019 Share Posted June 17, 2019 Just now, Blacko said: Glad i'm out the game Solario, never gonna be rich but at least I know my money is safe in my pocket. The last time I played slots (I posted about it at the time on the todays selection thread) I think I deposited £500 onto Ladbrokes, played Fishing Frenzy Megaways at £10 a spin. Had 2 bonuses which paid something like 1x and 8x.... like whats the point? I have done virtual horses when I have felt like playing casino games since... (actually had something like £1600 off a Yankee, which is more than I have won on a slot in a long long long time). @Rocknrolla virtual racing stream please. Quote Link to comment Share on other sites More sharing options...
Rocknrolla Posted June 17, 2019 Share Posted June 17, 2019 I think the casino and providers would have and I think they have looked into bandits play on Reel King. Loads of sites don't have the gamble feature on Reel King or just have a one or two step ladder gamble, pretty sure they would have thought about doing the same but then I think the casinos he plays at are just hoping the rtp will come into effect at somepoint, as I don't think they can see making their money back via any other slot or table game from him. Quote Link to comment Share on other sites More sharing options...
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