slot machines

[sagefr0g]

errhh, (i think this is how it is) conventional wisdom with regard to slot machines in some casino in some state regulated by some gaming commission is that the aggregate hold for the machines can be some maximum percentage.
so whatever, some given slot machine is gonna have some casino hold, some percentage you get back, some percentage the casino holds, and yeah that would be over the long haul for that machine.

well if the above is correct, then i'm wondering, what does the conventional wisdom have to say with regard to the fluctuation and variance that a given machine will present for i dunno, some given number of spins, sorta thing or heck even the long run?:whip:
errhh i guess pay tables is a factor in this as well?

 

[Machinist]

Pay tables smaay tables....:whip:......Slots can do what they want with pay tables.... They arent like video poker.... i can remember over the years a few machines that would never pay out a simple hit like double bars......10s of thousands of spins and never hit a double bar but a couple of times......
The manufacturer will put out a few different "Holds" for the machines....Say a 10% one and 15 and maybe a 20% "chip" or so...just examples....Then the casinos can decide what the market will bear in their area for that particular machine..... Also what denomination they want ... although alot of machines have all denomination choices on them now...
I have read that IGT has and is in the process of getting approved a system where the casino can vary the slot HE....with a stoke of a keyboard... They could increase the HE on say a weekend... KInda like BJ and jacking the Minimums and maxes around for the week ends...
Bastards!!!!!!!!!!!! AAAhhh the evolution of casinos....I miss those mechanical one armed bandits!!!:laugh:

Machinist

 

[shadroch]

Casinos are actually playing with a chip that will change the machines payout based on the players membership level. A Seven Star player might get the machine set to 94% payout, while a gold level gets 93% and anyone playing without a card gets 92%. Those numbers are pretty meaningless anyway, because they are highly skewed by a few big payouts and those can happen on any spin regardless or the chip setting.
They are not approved yet, but they are in testing.

 

[Machinist]

Cool Shad....i hadn't heard of that set up yet......Thanks for the info..

Machinist

 

[pit15]

Casinos are actually playing with a chip that will change the machines payout based on the players membership level. A Seven Star player might get the machine set to 94% payout, while a gold level gets 93% and anyone playing without a card gets 92%. Those numbers are pretty meaningless anyway, because they are highly skewed by a few big payouts and those can happen on any spin regardless or the chip setting.
They are not approved yet, but they are in testing.

That's already been done. Different tiers get different amounts of slot dollar rewards which is the exact equivalent of a different payout

 

[Machinist]

That's already been done. Different tiers get different amounts of slot dollar rewards which is the exact equivalent of a different payout

Not the same thing Pit15.... your talking about 2 totally different things...

Machinist

 

[pit15]

Not the same thing Pit15.... your talking about 2 totally different things...

Machinist

If the machine changes the odds so a 7 stars player gets a 94% payout, his house edge is 6%
if the 7 stars player gets 1% cash back with a 93% payout on the machine, his house edge is 6%

Different way of getting to the same result.