Anyone here know how an one-armed bandit (slot machine) works?

[The Real Andy]

Cool. So how do you rig the play to keep the suckers pumping in the
money ;-)

You dont rig it. Its like playing lotto. Your numbers could come up,
but they probably wont. If they do, you are lucky. Its the opportunity
to win money that draws people in. As you stated before, by the time
the button is pressed (electronic machines) the result is decided.
What is displayed is only part of the game. The game simulates the old
mechanical machines.

I am not an expert on slots but my sister is a platinum lever player
at the Sands. They send her free tickets and meet her at the airport
with a welcome back bag full of goodies to get on the stool in front
of a machine.

Most people will play and win some. Nearly all will use the winnings
to try win more. In the end they lose. This is how the casino makes
money. The more you think you can win, the more you are probably going
to play. The casino likes your sister because she spends money, and
probably "re-invests" her winnings.

I don't understand all I know about that either ;-)
I do know they don't ever have to pay taxes on their huge 1099G
windfalls. By the end of the year all of their hot weekends are
cancelled out by the losing ones and I am sure the Sands is not losing
a dime on all those suites and lobster dinners. The only good thing
about being a registered player is they get all of their activity on
the same 1099G so their winnings are offset by the bad days.

When it comes to the big players, most casino's are already informed
of the visit by the player so the player will get the perks. Most
casino's will also do a risk analysis before the player arrives. The
casino knows how much they will win or loose. The casino does not
always win.

At the end of the day, the machine has a theoretical return rate to
player, called RTP. The RTP varies betwen casinos, but most regulated
casinos have an RTP up around the 90% mark. If you look at a machine
turnover over , say a 6 month period, they do return %90 of the
turnover to players.

 

[Don Lancaster]

You dont rig it. Its like playing lotto. Your numbers could come up,
but they probably wont. If they do, you are lucky. Its the opportunity
to win money that draws people in. As you stated before, by the time
the button is pressed (electronic machines) the result is decided.
What is displayed is only part of the game. The game simulates the old
mechanical machines.




Most people will play and win some. Nearly all will use the winnings
to try win more. In the end they lose. This is how the casino makes
money. The more you think you can win, the more you are probably going
to play. The casino likes your sister because she spends money, and
probably "re-invests" her winnings.




When it comes to the big players, most casino's are already informed
of the visit by the player so the player will get the perks. Most
casino's will also do a risk analysis before the player arrives. The
casino knows how much they will win or loose. The casino does not
always win.

At the end of the day, the machine has a theoretical return rate to
player, called RTP. The RTP varies betwen casinos, but most regulated
casinos have an RTP up around the 90% mark. If you look at a machine
turnover over , say a 6 month period, they do return %90 of the
turnover to players.

The actual return to the casino is usually much higher than the true RPT
odds.

Because of bankrupt players giving up, or of players in other games
using stupid strategies.



--
Many thanks,

Don Lancaster voice phone: (928)428-4073
Synergetics 3860 West First Street Box 809 Thatcher, AZ 85552
rss: http://www.tinaja.com/whtnu.xml email: [email protected]

Please visit my GURU's LAIR web site at http://www.tinaja.com

 

[Tim Auton]

On Fri, 10 Nov 2006 21:29:21 -0500, [email protected] wrote: [snip]
At the end of the day, the machine has a theoretical return rate to
player, called RTP. The RTP varies betwen casinos, but most regulated
casinos have an RTP up around the 90% mark. If you look at a machine
turnover over , say a 6 month period, they do return %90 of the
turnover to players.

The actual return to the casino is usually much higher than the true RPT
odds.

Because of bankrupt players giving up, or of players in other games
using stupid strategies.

Players re-playing their winnings is a very significant factor, probably
the most significat factor. By re-playing your winnings you're
effectivley putting your initial stake through several times, which
improves the overall odds for the house each time. The odds of the
player coming out ahead when replaying their winnings approaches zero.

On average:

Play $100 and 'win' $90 - house is up $10.
Play that $90 and 'win' $81 - house is up $19.
Play that $81 and 'win' $73 - house is up $27.
Play that $73 and 'win' $66 - house is up $34.

etc. etc.

If you keep replaying your winnings the only question is how long your
cash lasts. Quit while you're ahead.


Tim

 

[JoeBloe]

The actual return to the casino is usually much higher than the true RPT
odds.

Because of bankrupt players giving up, or of players in other games
using stupid strategies.

It is very simple. Player put winnings back in. The payout
percentage claimed by casinos in not just slot machines, but in every
respect, is bogus.

Anyone can manipulate data to support their published statistic.