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
<[email protected]> 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/
