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Simple living in the country - back to basics

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  • Jessy103
    Jessy103 Posts: 2,242 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Happy New Year cheery! Look forward to reading more of your adventures/ shenanigans 😂 All the best for 2024 x
    Mortgage Balance as of July 2025 £14,900.
    Starting Mortgage Balance (June 2019) £72,000.
    Aiming to be mortgage free by my 40th birthday, June 2026!
  • Humdinger1
    Humdinger1 Posts: 2,295 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Ha, then I'm sure you're not the only one who will hate it that our mortgage payment is £919.99 😂😂😂

    Problem with rounding is that you then leave unrounded numbers elsewhere! Anyway that pot was reasonably round until I started buying flights and things, doesn't seem much point in rounding it now as we'll be starting spending it in less than 48 hours 😂

    Sorry, you'll have to do some extra rounding on your own accounts to make up for it 😂
    Could you set up one pot that is allowed to be irregular? You could transfer money from every other pot so that they are smooth and round; and then transfer back out of Irregular Pot at will, to keep all the others in an acceptable state? Love Humdinger xx 
  • Humdinger1
    Humdinger1 Posts: 2,295 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Am on p344 of your diary @Cheery_Daff.  I may well not fully understand the principles of happy wheel/MB but I think I've heard thar you only win in the medium to long term if you own the casino.  Don't want to rain on your parade as you are plainly doing better than average and it be good fun but for the time it takes, is it worth it? Love Humdinger xx 
    Hello 😊 I do understand your caution, and yes, in the normal scheme of things, the only winners are the casinos. 

    What I'm doing is slightly different - ONLY playing using special offers. So, normally, slots will have a 'return to player' (RTP) ratio of around 92-97% - let's say 95% for ease of calculation. That means that, on average, over thousands of plays, for every £1 spent, you'd expect to get 95p back - you'd be losing overall, and the casino would be winning. 

    With an offer, you might get, say, 10 free spins worth 20p each when you spend £10. So, under the normal scheme of things you'd play your £10 and expect to get back, on average, £9.50. Then you'd get your 10 free spins worth 20p each - the equivalent of £2 - which you'd play, and out of that, you'd, on average, expect to get 95% back - in this case £1.80. But obviously those spins were free, so that £1.80 is free for you - so you can add it to the £9.50 you got back from playing your own money, and now, on average, you have £11.30 - and as you only spent £10, you have an additional £1.30 - that is the 'extra' money you have from doing the offer.

    Obviously, the average is worked out over thousands of plays, so on any individual occasion you might lose money, which is why this isn't a quick fix, and isn't for anyone looking for an immediate solution to debt. 

    Obviously, the casinos give these offers to entice people in - they hope that people will be tempted by an offer, and then go on to just play for the excitement, even just an extra few spins. So this is not for anyone who might be remotely tempted to spin a few more times for good luck, or do anything outside an offer. 

    There are things you can do to make it lower risk - play your initial £10 using 10p spins, for example, which means that you do more spins, so on average your ups and downs will be less volatile than if you just did one big £10 spin each time. Or different slots have different levels of volatility - some you win little bits frequently, some nothing for ages then a giant win - they're pretty heavily regulated in that sense and have to list RTP and volatility for every slot. 

    I use the Team Casino website. They identify offers, and give precise instructions on how to play, when to claim free spins and where from, which slots to use, any warnings to look out for etc. 

    I've had people I've mentioned it to in real life be very skeptical, think I'm being conned, and ask if it's so good why isn't everyone doing it? The answer is, of course, like many things we do on MSE, is that it's a bit of a bloody nuisance 😂 It can be fiddly, certainly when you're getting the hang of it. You have to open accounts with dozens of online casinos, which not everyone wants to do. It can go up and down - I've had a few months where I've been down, but overall I'm over £7.5k up over the last few years, and I don't even do it very much compared to some. It's quite an admin task to keep track of everything.

    So thank you for your concern, and you are absolutely right that in the long run, casinos usually win when people play normally. But if you ONLY ever take advantage of their offers, and NEVER stray outside of that, then the odds shift in your favour. They know this, of course, and have rules against it, and people are regularly banned from individual casinos for doing exactly that 😂 The correct response is to move right onto the next casino - as one would when taking advantage of any other MSE scheme, eg bank switching. 

    But, again, NOT something for anyone who might be tempted to gamble, or who can't afford the ups and downs, or who isn't organised enough to keep very close track of everything 

    Xx
    Thanks @Cheery_Daff for your elegant exposition! You plainly have a handle on this and £7.5k is well worth having.  Congratulations on the interview; I've almost caught up and am so looking forward to cheering you on as a subscriber.  Love Humdinger xx 
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