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To: moneyrunner
I guess "truthandlife" isn't going to reply to your post.

Actually, if one plays 9/6 jacks or better video poker perfectly, the return is 99%. The casinos rebate up to 1% in cash back to loyal players. Additional comps for free suites (RFB) airfare ect. can amount to 3% or more.

If Bill plays the high limit slots the return is around 96%. For every $1,000 fed into the machines he would lose $40 if he played for 50 years. If you add his comps into the mix, his enjoyment may more than warrant his gambling "vice".

IOW, slots and video poker are not necessarily the "worst" odds in the house.
227 posted on 05/02/2003 3:09:44 PM PDT by Kahuna
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To: Kahuna
Yeah, but who plays games of chance "perfectly"?

No one, except for professional gamblers & cheats/advantage players.

If you're playing that mechanically, you're not in it for the gambling.

Gamblers-- entertainment gamblers -- are in it for the rush and for betting on mojo, and that keeps them from playing perfectly.
232 posted on 05/02/2003 3:11:52 PM PDT by Warhead W-88
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To: Kahuna
If Bill plays the high limit slots the return is around 96%. For every $1,000 fed into the machines he would lose $40 if he played for 50 years.

The "if he played for 50 years" doesn't really make much sense here - are you using it to imply odds over the long term? In any case, you are correct that he would on average, lose $40 for every $1000 he risks. In the case of high-limit slots, It is very easy to risk well upwards of $30,000 per hour (for instance, look at $300 per pull which is conservative with high level slots, and 100 pulls per hour which is also quite conservative) which equates to an average loss of $1200/hour. With multiple machines and multi-paylines, this easily gets multiplied.

If you add his comps into the mix, his enjoyment may more than warrant his gambling "vice".

His comps are small potatoes compared to what he is losing - casinos make their money off of high rollers like Bennett. If you want to say that Bennett is rich enough to lose a bunch of money, I don't have a problem, but saying that he's getting over on the casinos with comps and his enjoyment of losing a bunch of money is lunacy.
261 posted on 05/02/2003 3:26:02 PM PDT by Stone Mountain
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To: Kahuna
Thank you. Cheated with the question because I knew the answer. One of my friends made video gaming machines and will play video poker, not because he does not know the odds, but because he does.

He’s the one who told me about maxing the bet in video poker to improve the odds.
396 posted on 05/03/2003 9:16:27 AM PDT by moneyrunner (I have not flattered its rank breath, nor bowed to its idolatries a patient knee.)
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