This is how the odds are rigged by Videoslots – swindling customers out of money

Cold facts have, with the help of gambler Johan Jönsson, who for many years made a living from gambling, mapped the online casino Videoslot’s system for odds in games on ongoing matches and competitions.

The review was done by following him for a period and documenting the odds Videoslots gives when the conditions in the ongoing match change in the gap between a bet being placed and the company accepting it. That consideration time can be up to 15 seconds.

When the odds have time to increase during that time, the review shows that Videoslot’s model is rigged so that the player still automatically wins at the lower odds that were given before the conditions changed. If the odds are lowered during the consideration period, the bet is automatically rejected by Videoslots.

This is an odds model that other major betting companies do not have.

Small sums for the customer – large sums for the company

An example in the review comes from a tennis match between Holger Rune and Stefano Tsitsipas, where Johan Jönsson makes a bid and the odds are raised during the consideration period.

– If Tsitsipas now wins this ball, they will cheat, says Johan Jönsson and then states that the win is given to the lower odds.

The odds can change several times a minute and a tenth of a change means that the customer loses 10 kroner in profit on a bet 100 note, or 50 kroner on a bet 500 note. Small money for an individual may seem, but the total amounts involved for the company can be very large. How big is impossible to calculate without access to Videoslot’s own numbers.

– It is these margins that determine whether you win or lose. Any players who go with their phones and don’t know what’s going on in the match will be robbed of winnings. That is why it is very difficult to win, says Johan Jönsson.

Stopped by gambling company

Johan Jönsson has been convicted of accounting offenses linked to his gambling, a sentence he has appealed. The background to this is that for many years gambling companies tried to stop him as a winner and from playing larger sums and that Johan Jönsson therefore borrowed gambling accounts from acquaintances.

Because some friends borrowed money at the same time, the prosecutor and the district court believe that it should have been recorded.

Videoslots responds

Despite repeated requests, Videoslots did not want to be interviewed. In an email to Kalla fakta, the company’s representative, lawyer Mats Boman, denies that their system denies bets in favor of Videoslot:

“Videoslots has no systems that can systematically deny bets in favor of Videoslots based on the development of a match.”

He also writes that:

“A player organizer always has an advantage when betting. This advantage makes it possible to conduct a commercial activity to the benefit of a player organizer’s shareholders. Videoslots can never accept bets that jeopardize Videoslots’ ability to pay out winnings.”

Cold facts, on the other hand, do not get answers to the specific questions about why the recordings in that case show what they show and why Videoslots does it in a different way than other gambling companies on the Swedish market today.