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Posted on 08/14/2014 5:13:24 PM PDT by Third Person
Yet no matter how many casinos go broke, they are constantly touted as the answer to every financial woe.
Well good luck playing the slots at Foxwoods. They must have their slot machines wrapped tighter than Hillary Clinton’s underwear.
Mohegan Sun is kicking their ass.
FWIW, Foxwoods is nice, not just for gamblers, but as a place to spend a few days. I hope they work it out.
Connecticut economic wasteland ping.
Let’s see. The MSM pimps and pimpettes have stated that the economy is ready to take off gangbusters but casinos and resorts are folding or heavily discounting. Seems like the MSM patter and reality are growing steadily apart.
This must be a problem across the industry in the Northeast. They just closed one of the newest casinos in Atlantic City due to their financial troubles, and the creditors are apparently getting no offers for the $2B+ boondoggle. The governor of the state is holding a meeting of all the casino owners next week to figure out how to save the rest of them from bankruptcy.
“This must be a problem across the industry in the Northeast.”
And the idiot governor of MA,Devil Patrick,wants to bring gambling to the state.
.
I used to work at Mohegan - just up the street.
Modern slot machines are computerized. When you drop your money in - the next 100+ pulls are already programmed in. By law - a certain number of wins are programmed into those pulls. The bigger the bet - the bigger the payoffs.
They must return X% back to the gambler in wins. I don’t know the algorithms - but anyone that plays the $20.00 slots will win bigger because the odds are more favorable than the nickel slots. Of course you need to have hundreds of $$ to play the big dollar slots.
If your goal is to sit all day and spend $15.00 in nickels to win back $10.00(if that) - nickels are the way to go.
You can be that 1 in 10,000 or higher that hits it big, but the house exists because it owns the odds.
Interesting. So if I put a $100 bill into a slot machine instead of say, a $10 bill, and played max bet, I would get a higher payout?
In the longer term, statistically yes.
LOL! I worked at Foxwoods back in 95, maybe? It was during the time the Sun was just opening. Foxwoods machines were always tight IMO. Mohegan was much better.
I was under the impression that slot machines worked by random RNG generators that are simply ‘looser’ or ‘tighter’ depending on how many winning combinations are allowed. Like if the RNG hits a 1 out of 100 (I know in real life it’s in the millions or more) it’ll pay the jackpot, a 2-5 something less, and so on. That’s how the experts say they’re supposed to work and that each play is independent of the last.
He’s a moron. Casinos in Atlantic City are in trouble, too.
"His African-in-heat father went a-whoring after a trashy white woman," said Manning, who is a proclaimed Clinton supporter. "[Obama] was born trash."
"He got started -- you didn't notice him 'til he brought out those big-chested white women with their tight T-shirts and their short pants," said Manning about how Obama started his campaign.
"That's what a pimp does.
He's a mack daddy. He pimps white women and black women. Obama is a long-legged mack daddy."
"Barack is an emissary of the devil...I'm your last hope"
They need to call on their “native sister”, Senator Warren.
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