4 ms·
> Most slot machines, over time, keep over 90% of the money that is put into them, and the rest is given back to the players. You have that backwards. Slot ma
by jedberg 4y ago
> Most slot machines, over time, keep over 90% of the money that is put into them, and the rest is given back to the players.
You have that backwards. Slot machines give back 90%+ of what goes into them. Most strip casinos give back 99%.
It's just that they give it back by paying a single jackpot of millions of dollars, so most people walk away losers over time. It's sort of the perfect analogy of concentration of wealth.
- Apreche 4y agoIf I do indeed have it backwards, that only strengthens the point. Video games are keeping 100%.
- AtlasBarfed 4y agoYes, because of strict gaming commission regulation. For example, do you know that if you do gambling machines on cruise ships, the payouts change substantially as soon as you enter international unregulated waters because there's no longer local gaming commission regulations they need to adhere to
- jedberg 4y agoI did know that. That's why I never gamble outside of the USA. I got screwed on Blackjack in the Caribbean once. Never again.