Horace wrote: "The final player remaining after all the 19 others go broke would be given a prize that depends on how many bets he can make from his remaining purse before going broke. That would be a pretty illuminating contest, don't you think?"
Gee, if that isn't a loaded question, I don't know what is! :-) If you've only got $100, and you drop it all into a slot machine, and thus are now 'broke', that's your fault, not the casinos! That sounds way to liberal a mentality for me -- absolving the person from all responsibility for their actions. No one was holding a gun to their head forcing them to pull the handle... No, I don't think it'd be all that illuminating. Gaming is just another form of entertainment. Some peole spend $100+ to go see some concert that I wouldn't give a dime to go see. Who am I to judge what should be allowed for entertainment? When you go to a movie, or a concert, or the Indy 500, do you get a portion of your money back? Hell no! You're just as 'broke' as the person playing slots… perhaps more so. First, you have the option of walking away at any time, and second, at least with the slots, there is some chance that you'll walk away with much MORE that you started with!!! Can you say that about the Indy spectator or the movie-goer???? I don't think so! And just for the record, I may live in a gaming town, but I CHOOSE not to gamble... Well, most of the time! Some of the best places to eat are in the casinos! ;-) I can sit and have a nice dinner while watching everyone else go 'broke'... -Mark -----Original Message----- From: Horace Heffner [HYPERLINK mailto:[email protected] mailto:[email protected]] Sent: Friday, January 02, 2009 11:07 PM To: [email protected] Subject: Re: [Vo]:Randum , Randumb, Randumber On Jan 2, 2009, at 9:31 PM, Mark Iverson wrote: > Horace: > I'll take your word on the fact that Nevada Gaming Regs allow for a > min of 75%, but typical payouts are 88% to 96%. The min that I have > seen is 84% -- I live in Reno, Nevada. The complementary term is > called '%-Hold', which is what the casino ends up with out of 'total > money wagered' or 'coin-in'. > Realize that the casinos use the payout to attract customers, so it's > no different than a price war by gas stations... If one casino raises > their payout to attract customers, neighboring casinos will likely do > the same. > > -Mark Sure, but the principle is just the same, it just takes longer. Isn't it true that if the pay out is 95% it just takes 5 times as long on average to take the customer's purse away, and it also takes about 5 times as long for him to have less odds of having any money left than winning a major lottery? This gives me an idea. It might be a cool idea to put up a for-fun- only free slots web-site with a 95% payout. A fixed amount of imaginary money, say 20 or 50 bets worth, would be given to each entrant upon registering. The 20 players to last the most number of bets before going broke would be invited to a playoff to be televised and which would offer a significant prize to the winner. There could of course be playoffs in the event of ties. The final player remaining after all the 19 others go broke would be given a prize that depends on how many bets he can make from his remaining purse before going broke. That would be a pretty illuminating contest, don't you think? Best regards, Horace Heffner HYPERLINK http://www.mtaonline.net/~hheffner/ http://www.mtaonline.net/~hheffner/ No virus found in this incoming message. Checked by AVG. Version: 7.5.552 / Virus Database: 270.10.2/1871 - Release Date: 1/1/2009 5:01 PM No virus found in this outgoing message. Checked by AVG. Version: 7.5.552 / Virus Database: 270.10.2/1871 - Release Date: 1/1/2009 5:01 PM
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