Horace: I'll take your word on the fact that Nevada Gaming Regs allow for a min of 75%, but typical payouts are 88% to 96%. The min that I have seen is 84% -- I live in Reno, Nevada. The complementary term is called '%-Hold', which is what the casino ends up with out of 'total money wagered' or 'coin-in'. Realize that the casinos use the payout to attract customers, so it's no different than a price war by gas stations... If one casino raises their payout to attract customers, neighboring casinos will likely do the same.
-Mark -----Original Message----- From: Horace Heffner [mailto:hheff...@mtaonline.net] Sent: Friday, January 02, 2009 10:20 PM To: Vortex-L Subject: Re: [Vo]:Randum , Randumb, Randumber On Jan 1, 2009, at 6:48 PM, I wrote: > I think there is a serious need to scientifically determine just how > many problem gamblers would not have been exposed to their problem if > they knew the full truth about gambling machines, and to determine how > effective proper training in this regard can be in assisting treatment > of existing patients. > > It is also clearly important to determine what means is effective for > training the other 70% of people as well. The last sentence should read: "It is also clearly important to determine what means is effective for training the people who lose the other 70% of money as well." On Dec 31, 2008, at 4:06 AM, Terry Blanton wrote: > On Wed, Dec 31, 2008 at 1:45 AM, Horace Heffner > <hheff...@mtaonline.net> wrote: > >> >> On Dec 30, 2008, at 3:13 PM, Jones Beene wrote: >> >> >>> At casinos, over 999 out of 1000 regular players are net losers. >>> That is >>> no secret. And it is of almost no deterrence to the losers. >>> >> >> Those odds are not fixed, but vary with time gambling. >> > > Except where required by law: > > http://www.insidervlv.com/slotspayouts.html > > Terry I just noticed that: "The following information was gathered by the various Gaming Commissions controlling their casinos within their jurisdiction." It is neither supplied by neutral parties, nor does it represent the minimum slots pay out required by law. The following wiki reference: http://en.wikipedia.org/wiki/Slot_machine states: "... the minimum payout in Nevada is 75%, and in New Jersey, 78%". That is an outrageous 22% to 25% take by a casino. A 75% pay out means if the customers put $1,000,000 through the machines that on average $750,000 is returned. A 75% pay out means if the customers put $1,000 through the machines that on average $750 is returned. So, if a customer has $250 and puts it through the machines in the form of 200 $5 bets, less than 4 hours gambling, he has put $1000 through the machines and thus can expect to have lost all his $250. Best regards, Horace Heffner http://www.mtaonline.net/~hheffner/ No virus found in this incoming message. Checked by AVG. Version: 7.5.552 / Virus Database: 270.10.2/1871 - Release Date: 1/1/2009 5:01 PM No virus found in this outgoing message. Checked by AVG. Version: 7.5.552 / Virus Database: 270.10.2/1871 - Release Date: 1/1/2009 5:01 PM
