skippythwndrdog
(1000+ posts)
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Wed Aug-11-04 09:54 AM
Response to Reply #3 |
| 11. Not rigged, just odds and player lack of education. |
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Slots and video poker have payout rates of over 97% statewide in Nevada and Atlantic city. Thay payout rate ranges from 86% to 93% everywhere else in the U.S. Bear in mind the for every $10,000.00 jackpot you see, other folks have lost $10,204.00 and change to the casino. The only table games I'm thoroughly familiar with the odds on are blackjack and craps. When played correctly according to actual odds, both are stil under 1% in the player's favor. Very few folks play either correctly. There are "sucker" bets on a craps table that pay even money; the same wager on a different spot pays you at odds. The Big 6 and Big 8 are two such wagers. Play the same numbers on the inside and you get odds. A $30.00 Big Six or Big Eight pays $30.00 if it hits. Played inside they pay $35.00.
I won't even go into all of the idiotic things I've seen at blackjack tables.
FYI, 99% of all monies taken in in Vegas gaming go back out to the customers as winings. All casino operations and profits are paid out of the 1% remaining. Just remember: that's 1% EVERY time a buck cycles through the system and the same buck will cycle through 30-50 times in 24 hours.
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