As I’ve mentioned in other threads, one of the cool things about the Dope is the great variety of people here. People who IRL would never meet, much less converse in depth with one another.
We have folks here where $1K is unimaginable windfall-level wealth, is a typical house payment, or is a decent dinner for two.
A dollar means very different things to very different people.
Ain"t it so true?
I’m willing to accept anyone’s story as the truth. Yeah, I’ve burned by trusting so easily.
I believe our OP may brag a bit. Over embellish. I accept his main story.
His experiences sound exciting to me and my shut-in self.
I want to hear more.
Don’t run him off.
I believe that he’s speaking his truth. I’ve known plenty of gamblers. OP needs help though and I’m not going to enable them.
Oh I agree. He has a problem with gambling.
Maybe not rock bottom yet. Headed that way, I’m afraid.
But he’s interesting.
I wonder why casinos don’t make this fact a lot more public. It would draw even more gambling. Big signs reading, “By Nevada law, each slot machine must pay out 90% of what is put in” would make gamblers feel even better about their prospects.
Also, does this work on some deadline system, like, “At the end of each month, you, the slot machine, must have paid out 90% of what you took in for the month?” If so, then an obsessive-watching gambler who notices (in some way) that a slot machine hasn’t paid out much or anything to anyone who played it from, say, June 1-28 might note then that the odds of winning big on June 29-30 are pretty high.
Because gamblers are more than happy to convince themselves that the machines actually pay out over 100%.
Well, a huge player. Which is the same thing over a longer period of time. But to be clear, the comps are based on how much you gamble, they’re not going to take them away if you happen to have a lucky day and come out ahead.
The casinos have the odds in their favor. They’re actually happy when people win. It looks good to the suckers sitting next to them, and gives everyone “hope.” [I mean no disrespect to the suckers, I’m one myself]
Trade mags like Casino Player and Slot Player publish figures broken down by wager and location every month. The general rule is the higher the denomination, the better the return. Same same for location - Balance of County pays better that the Strip, for example. You’ll be better off betting dollar slots in Henderson than you will be playing pennies at Bellagio.
There isn’t any “deadline” for figuring totals. It’s all “math of large numbers.”
He’ll, the used to print them — if they don’t still — in the Chicago Tribune and/or Sun-Times. Each casino would be broken down and each type of slot had a payout percentage published. So you’d know if, say, the dollar slots at Joliet were looser than the ones in Hammond or whatnot. But, hey, Joliet’s pennies might be paying out better tha Hammond’s. Decisions to make. I don’t gamble, but the main thing I remember is the higher wager slots paid out at a higher percentage than lower wager ones. Pennies might be at 90% while whatever the expensive ones are would be at 97%, say. (Which on reread of your post, I see you’ve already written.)
Those slots never met Mrs. Cad. Payoff more like 3%.
Well if you keep on refeeding them your winnings, that will eventually happen.
According to her
“Winnings? What’s that?”
Sam Stone explained this better than I ever could, but the percentage return number is deceptive. the 90 percent payback number is an average per bet. So while you see places that say they have 98.5% return!!!1! on the slots, a slot machine allows you to make an enormous number of bets. A player can very easily spin a slot machine once every five seconds, for instance, and so in five minutes your expected loss is .985^60 - you can expect on average to hork off almost sixty percent of your dough.
By way of comparison, your return rate on one spit of two zero roulete is lower, at 94.6 percent. but you’ll only see one spin every couple of minutes. Let’s say every two and a half, so your average loss in five minutes is only 89.6%.
That’s why I think sports betting is the way to go. You might still lose, but at least it’ll take a few hours.
DraftKings appreciates your endorsements. It’s only bringing in billions right now and is looking to up that a bit.
BTW, Malcolm Gladwell had an excellent Revisionist History with Michael Lewis discussing this topic.
Heh. We have a saying at the local track, which has a number of slot machines for those who prefer slots: “I can lose $20 in five minutes on a slot game, or I can lose $20 in an hour at the track.”
Yes. In terms of casinos “whale” is a player who consistently bets large sums of money over a decent spread of time. What constitutes “large” depends on several variables. Large in Peoria don’t equal large in Vegas; Tuesday night is different than Friday on Super Bowl weekend, etc. But whether they lose or win is irrelevant in terms of how many comps such a player will receive.
Whaley McWhale could fly in on a Friday, play mostly high-level blackjack (let’s say) averaging about $300 - $1000 a hand, and after one evening’s play let’s say Whaley is up $5,000 or $10,000. He’s taken a decent chunk of change from the casino.
Does the casino suddenly get miserly with its comps? Not at all. The casino only wants the Whale to keep playing. Again and again and again for hours. For days.
Whaley could walk away after the weekend with $200,000 of the casino’s money in his pocket and the bosses will still continue to comp lavishly, the same as if Whaley had lost $200,000. They don’t care one whit. All they need to do is keep Whaley coming back again and again.
ETA: And I see @Thing.Fish already touched on this.
Unless they think that Mr. McWhale is card-counting, in which case they may ban him from the premises.
I thought it was sex-positive over here. I thought this message board prides itself on being progressive, secular, and worldly. Those things usually go together.
Not that I care. I find discussing other vices more interesting than lust, such as greed (gambling!) and GLUTTONY.
I’m asking out of genuine curiosity. I’ve been around many many online communities over the years. Sex talk usually isn’t restricted unless the community was geared towards minors or religious folks.
How about I modify my post: “I do not live in my vehicle. I am worried that my mating value among women would significantly decline”