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What if you have 10 slot machines and they are designed in a random way? You can be pretty sure that you are going to win money in the middle-long run and every
by ainiriand 10y ago
What if you have 10 slot machines and they are designed in a random way? You can be pretty sure that you are going to win money in the middle-long run and everyone can be sure that this is a proper 'game/bet'. If they are somehow manipulated/designed that is blatant robbery. I don't think that the regular Joe knows this fact. What do you think?
- imron 10y ago> If they are somehow manipulated/designed that is blatant robbery Yes. Yes it is. That's why they say gambling is a tax on those who can't do math. The machines are programmed to give out less than they take in. In the middle to long run, you are basically guaranteed to lose money.
- waqf 10y agoWhen you're playing blackjack or craps, with physical devices whose odds are quite likely what they appear to be, "can't do math" might be a fair criticism. But when you're playing an underspecified game against a mysterious algorithm, doing math isn't really an option and all that's left is whether or not you trust the establishment.
- imron 10y agoThe math is still there and it's even easier to calculate! For example the article states that the house keeps $0.07129 for every dollar spent, or put another way, for every $100 coming in, the machines need to pay out ~$93. Therefore, you can expect to lose on average $7 for every $100 you spend on slots.