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How about slot machines that actually advertise "Pays out 95%"! as if it were a good thing.
by snowbird122 17y ago
How about slot machines that actually advertise "Pays out 95%"! as if it were a good thing.
- DougWebb 17y agoFor most gamblers, that is a good thing. Sure, if you play for a long time your winnings average out to a 5% loss; that's how the casino makes its money. But over the short term the random element means that the slot machine can pay out much more than 100%. So people play in the hopes that they'll get lucky and hit a high-pay-out short-term streak. No one would play if it paid out 95% on every pull. Of course, the real gamblers play poker or blackjack, where the odds really can be in your favor, if you develop the necessary skills.