Are online casino influencers dangerous for the youth?

Casino streaming has become very popular in recent years. Famous streamers like Knossi have attracted a large following in a short space of time. The premise for casino streaming was to provide a platform where online casinos can easily connect with their audience.

Other Popular Casino Streamers:

• CasinoDaddy
• Roshtein
• ClassyBeef

In this article, we tried to be politically correct and not explain to you on our fingers why they are all scammers. Remember – they are playing with fake money and are not risking anything, and you will already be losing your real money.

Gambletroll’s IMHO

Later, individuals adopted this practice by playing casino slots on YouTube themselves to share their knowledge with other passionate gamblers. The streamers presented their Best online casinos gameplay to fans so they could watch them win and lose.

It is this level of transparency that has made streaming casino games extremely popular with fans. Also, the thrill of gambling and making big wins has resulted in the once frowned upon practice becoming widely accepted among the youth.

Huge fan base

Strategies

Many of them believe that playing casino games using these strategies can make them rich overnight. It couldn’t be further from the truth. Even if more and more online casinos present their winnings to Youtubers and offer winning strategies to To win slots, scratch card games, blackjack and roulette, every casino game follows certain rules that players should not ignore. Here are some facts you need to know before blindly following such a strategy:

The game outcomes are independent of each other

Of course, players look for patterns that will help them make predictions about the outcome of the game. They believe that the outcome of the game is based on previous results, and many YouTubers of the online casino are advising fans because of such an error. That is a misleading misunderstanding. A memorable example is the Casino de Monte Carlo, where a roulette wheel landed 26 times on the black color.

Many gamblers had placed their bets on red believing the odds would favor them as the wheel had spawned many blacks. You lost millions. The truth is that every game, spin, or hand is independent of the previous one.

Also, the games use what is known as RnG software, which produces random results that can create the illusion of a pattern even if it doesn’t exist. The human mind is designed to recognize patterns in the flow of events, especially when the numbers are repetitive.

This explains why experts advise against chasing losses. Players on a losing streak are often tempted to play a little more believing that they will begin to win. Hence, they can raise the stake to regain losses.

There is no such thing as a perfect game system

The martingale bet is the most popular as it guarantees victory. You just have to increase your bet every time you lose until you win. However, table limits were invented to prevent the system from being misused.

If you play a hand at the roulette table and place a bet of 750 chips on the red / black, you can double the bet every time you lose until you win. So you have to lose six times to hit the table limit of 48000 and get back your original bet of 750 chips.

Such a strategy is rather suboptimal as it encourages players to keep betting on a losing streak. You also need to consider the RTP of this game as the size of the bet will affect its payout. The higher the bet amount, the higher the RTP of the betting system.

Example

There are two players, X and Y, who play roulette. Player X bets € 20, while player Y bets € 5 each round. Both players have placed bets on the colors black or red.

After simulating a million wagers, Player X will likely receive € 500 10.9% of the time. This equates to a payout rate of 48.68 when X plays 84 rounds.

However, player Y has a 0.88% chance of winning € 500 and can only win as much as he plays in 80 rounds without a loss. If you are not sure about the betting strategy, you can either try out casinos with demo mode or save a lot of money by using so-called casino bonus codes or No deposit Free Spins, which pretty much every good online casino offers on a regular basis. For example, on the following page you will find a Dunder voucher code that can be redeemed online on the Dunder casino platform.

Understand the expected return and variance of a game

Slot games and roulette have fixed percentages of the return on each bet. The percentage doesn’t change regardless of how much money you play. For example, if European roulette has a 97.3% return for the player and you place a € 1 stake, expect 97.3 cents back for every win.

The remaining balance is the house edge or the profit margin. Most gamers are unaware of this fact and assume that as long as a famous online casino has won YouTube 9/10 games, they can toss coins for killer wins too.

Familiarize yourself with the house edge and use calculated strategies as there are no defined ways in which you can make better profits. Online casino games are designed to generate returns a little less than 100%. For example, basic blackjack has an RTP of 99.5%, while live and online blackjack has an RTP based on the dealer’s cards.

Slot machines

Slot machines, on the other hand, have a payout rate of 92-99%, and their payouts are based on the symbols displayed on the virtual reels. Another feature to look at before using any of the strategies recommended by online casino You Tubers is variance. Also known as volatility, it determines how quickly your bankroll depletes while playing a game.

Therefore, such games are classified as either high variance games or low variance games. The latter is designed to generate small regular profits; therefore your bankroll may not show any significant changes. On the other hand, games with high variance generate big wins and losses.

Variance also determines the distribution of winnings when expressed as a multiple of the player’s stake. For example, if you bet on a single number in roulette, the winnings are paid out in the amount of 36 times the stake. However, if you bet on a color the winnings should be double the stake.

The slot variance is a bit complex as you can get different winning combinations. Therefore, the game developers describe their variance as high, medium or small. While the expected return on some bets appears to be the same, the difference in their variance causes a significant change in short-term results. It would be helpful to account for the two players before following any betting advice online.

Set limits

Gambling can be addicting, especially if you want to emulate a famous online casino YouTube. You may feel the urge to research most of their winning strategies, which results in you spending too much money. Setting a budget is imperative, just like any other gambling session. When you are on a losing streak, avoid chasing after your losses. Likewise, if you have just won, avoid taking back all winnings as you could lose your money.

While online casino streaming is all the rage, young people should be careful when using the recommended betting strategies. Remember that each outcome is independent of the other, there is no perfect betting strategy and no perfect factor in the RTP and variance of each game before the game. Also, set a betting budget and stick to it so as not to overdo it.