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> Casinos are required to display the current payout rate on any and all slot machines. This is not accurate in at least Nevada, Michigan, and Maryland. Casino
by jxf 3y ago
> Casinos are required to display the current payout rate on any and all slot machines.
This is not accurate in at least Nevada, Michigan, and Maryland. Casinos are required to disclose the overall average, but not the rate of individual slot machines.
- somenameforme 3y agoWow, you're absolutely correct. I was indeed referring to Vegas in particular. I suppose I conflated the rules for video poker (where payout tables are and must be listed each machine, which indirectly gives an exact EV measurement with optimal play) with slots. My opinion of slots just dropped lower - something I did not know was possible. That is just so sketchy.
- jxf 3y agoJust to be clear, payout tables absolutely must be listed on slot machines. The _rate_ at which the payout is made is not required to be listed on a given machine. That is, if you land on three cherries, you should be able to verify you got the right amount of money. But you don't know the percentage chance of landing on three cherries.
- somenameforme 3y agoAbsolutely. The difference I'm referring to is that video poker games must be dealt as if the cards were coming from a fair deck, so the odds of each event happening can be determined relatively easily given a fixed strategy, and consequently so can you exact expected profit/loss per hand, and when a machine can be profitable to play. That the same is not true in slots is the thing that I missed. That a triple cherry pays 100 to 1 or whatever is meaningless if you have no way of knowing the odds of a triple cherry.