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Old 05-12-2011, 02:44 PM
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eweissenbach eweissenbach is online now
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Originally Posted by 2BNTV View Post
Someone in the hotel management business told me that slot machines are a 60/40 payout or at best 55/45 in the house's favor depending on the casino.
I have heard of payouts on slots of 95% and higher, but here's the rub..... You put in $20 and start playing - you play for an hour and are slightly up and slightly down, etc. etc., but finally you play out the credits. In total your winnings add up to $200, and your losses $220 - that's a 90% payout.....but your losses are 100% of the $20 you started with. Most people play off their winnings and thus the payout of X% is an illusion, in other words, It is not true that at the end of the day the casino is profiting only 5% of the money actually wagered, but much much more - if that makes sense.
Oldcoach Ed
"You cannot direct the wind, but you can adjust the sails" "Be yourself - everyone else is taken"
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