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So for table games that use these rNG shufflers, are they the same principle as a slot machine and they are set by the casino to pay a certain payback percentage assuming the player makes the right decisions? Or are they actually random as-if shuffled by hand?
Sorry if I'm offending anyone but what's so appealing about places like Silver Nugget?
I went to Silver Nugget last month and was surprised how small and boring it was. But it was kinda busy. What attracts people to places like that? The slots they had were old, not the good kind of old, and not particularly interesting.
Online Slot Games - Justifying the Purpose of Slot Machines
https://preview.redd.it/3bj66wxq5j861.jpg?width=802&format=pjpg&auto=webp&s=e13565b5f4930faeceff08ad31b1a649fcc490e1 Slots have been close to for many yrs now, you could walk into any casino around typically the world and you should discover a slot machined contacting your name. Today of technology anyone can play online slot machine game games. You no longer have a very button to pull, merely point the mouse button to where a person wants and it will take action as the handle. They're still a great deal the fun in addition to excitement play online slot games; is actually just easier in addition to one won't have to be able to fight each of the men and women standing around holding out for your slot machine game. A lot regarding the slot video games online may provide better payback proportions, thus bringing individuals old slot equipment games into the twenty-first century. There are several online slot online games that are free or you can pay for them, actually betting online and may bring in huge winnings. They all have got fancy 'slot machines' sharp graphics and all the prevents and whistles which you would see at any casino. One can certainly win a new lot of funds, real or enjoy money; it continue to has the enjoyment that can not have to get beat. They online slot games possess so many various pictures, from tigers to apples, plums and cherries. Any time you get all you win. Many use RTG (Real Time Gaming) since it is one of the particular top software developers for the slots. These include the particular download, an expensive client and usually are mobile, you could take your game anywhere you want to go. There are also Progressive slots, you can win an existence time jackpot in addition to you only have got to shell out a few dollars, much like all gambling, your chances of winning the goldmine is like winning a lottery, not necessarily so good, however, it is fun. There is a saying to play because many coins of which you have in order to win the goldmine, the risk is higher and thus will be the payout there. The rules are pretty simple whenever playing Game slot online terpercaya, one just must know which often button to struck to win or perhaps not there usually are software developers that have included between 4 to six fishing reels and up to be able to 25 pay lines. There are even bonus video games; these make typically the game somewhat a lot more challenging. Comparing typically the winning combinations, the particular payout percentages prior to starting the game will help you earn more. The free online slot games are the way to proceed if you may have the cash to put out regarding gambling. This is nothing but a casino game of chance, there is no set of regulations to express how in order to win at slot machine games, it's like struck and miss. Playing free online slot games is a new good solution to obtain away from typically the world and it is difficulties and you won't be draining your lender account. Some on-line slot games will certainly even give breaks towards sweepstakes you can win money in, and also this would become real money. The particular free games have all of the particular stops and whistles just like the paid ones.
Rant Casino is the latest entry in 2020's list of online casinos. Even though it is a newcomer, Rant Casino has amassed a large following among gamblers who frequent online casinos or have a mobile casino on the go. Rant Casino prides itself on having a total of 1,950 playable, no-download games on its website. They've partnered up with some of the world's leading gaming developers, such as Betsoft Gaming, Microgaming, Net Entertainment, and Quickspin. Needless to say, Rant Casino is any online gambler's one-stop destination into everything a casino could offer. The latest HTML5 technology is implemented to create playable games on the go via their mobile casino feature. Rant Casino also offers live casino options where a handler will place your wager in real-time. With their secure and responsible casino gaming rules, and immediate withdrawals, Rant Casino has secured its place as a crowd favourite.
RANT CASINO CASINO BONUSES
Bonuses are offered for new-timers as well as regulars. Bonuses for regular and active players change with time, but there is one bonus every player is guaranteed to receive when they sign up at Rant Casino and deposit a minimum of £10—the first deposit bonus 100% match bonus up to $/€1000. This is an extremely generous bonus package (compared to what other online casinos are offering). The minimum deposit amount is £10; however, you're more likely to get larger paybacks on larger deposits. The maximum payback you're set to receive on your first deposit is £1000 against a 35x wagering amount. Rant Casino holds regular Cash Drop Tournaments on selected games against a share in the prize pool (usually a cash amount). This amount does not come with a minimum wagering requirement and can thus be used as an incentive to play more games. Reward points are entered into your account after you place your first bet - the more you play, the more you get. These points can be redeemed for cashback at the end of each month. Cashback percentages differ based on one to twenty 'loyalty levels'. The higher the level, the higher the cashback percentage. >>Register Now and Get Free Bonus<<
Rant Casino offers 1,950 games from 29 game developers on their online casinos. Some quality games include Bonanza, Wild West Gold, Book of the Dead, Honey Rush, and Great Rhino among their mini-games. There are also several table games, video poker games, and live games.
There are several slot games to be played at Rant Casino, such as three-reel, five-reel, and symbol slots. Winnings are estimated against deposits, and a paytable is shown at the start of a select number of games to show cashbacks and RTPs against wins. Most games have a 96% RTP.
Players who prefer table games are in for a treat as Rant Casino offers 95 tables including the classic Roulette, Blackjack, Baccarat and Craps. There are several variations of each game to choose from including European and American Roulette, European Blackjack, Single Deck Blackjack Professional and Baccarat Professional Series.
Based on what we could find, Rant Casino does offer scratch cards among its games of chance. However, other variations, such as Keno, weren't being offered.
A live casino is set up when an employee of the online casino or a third party regulates table games in real-time. These table games are usually online versions of traditional, in-person table games, such as baccarat, roulette, and blackjack, albeit in brighter, more gimmicky graphics. Rant Casino offers live casino options for gamblers who aren't looking to make a trip to a casino. They also offer video poker and other games for a real-time experience. Players are not able to talk to dealers or handlers directly. However, they can place their bets via chat. In case a player's internet connection is unstable, the game will resume from where it's left off. In rare instances where a player is logged out of a game, they're advised to contact customer support immediately.
Rant Casino is compatible with mobile devices (iOS, Android, and Windows phones). You can have your casino with you on the go and play from a variety of mobile versions of casino games. However, the range for mobile games (out of a total of 1,950 games on their desktop version) isn't the most extensive. Another issue worth mentioning is that banking options were a lot more limited with Rant Casino's mobile version. >>Register Now and Get Free Bonus<<
As part of Rant Casino's anti-fraud and anti-theft protocols, the casino requires users to verify themselves (documentation with proof of identity) for payment and withdrawals using bank/debit cards. However, if a player has registered his or her account with an E-wallet, no such authorization is required. There are a total of 14 payment options compatible with Rant Casino: 10 of which are compatible for withdrawals and all 14 of which can be used to deposit into your Rant Casino wallet. Payment options include: Visa, Bank Transfers, MasterCard, Trustly, Sofort, Skrill, Neteller, ecoPayz, NeoSurf, PlaySafe Card, AstroPay, Interac, Zimpler, and Flexepin. The maximum withdrawal limit for withdrawals done by a player in any week is £5000, and £20,000 monthly.
Withdrawals can be made instantly after a brief waiting period (1-3 days) for Rant Casino to authorize a withdrawal. In case of payment methods other than E-Wallet (bank cards), Rant Casino would require up to 5 working days to review proof of authority for the cardholder. >>Register Now and Get Free Bonus<<
At the bottom right corner of Rant Casino's website, there's a chat bubble for 24/7 live chat assistance. Customer service representatives are available within seconds and try solving queries to the best of their knowledge. There's also the option of sending an email on [[email protected]](mailto:[email protected]) for further details. In case you're new to their online casino, we recommend having a go through their FAQ section for detailed answers on commonly-asked questions.
TRUSTWORTHINESS OF RANT CASINO
Rant Casino is a casino many can vouch for. The online casino prides itself on implementing the latest encryption methods to avoid personal and intellectual property theft, for both players and the casino itself. They have 128-bit SSL (Secure Socket Layer) for all payment processing. This is done to ensure payments are made as swiftly as possible. The casino itself charges a nominal fee for transactions. It's also worthwhile to mention that Rant Casino encourages responsible gaming. Responsible gaming refers to when an online casino sets reminders for players such as self-exclusion and time-out periods. >>Register Now and Get Free Bonus<<
RANT CASINO LICENSE
Rant Casino is owned and operated by Gammix Limited, registered in Malta under C68405. Its registered office is 77, Spinola Road, St. Julian's STJ 1730 Malta. Gammix Limited posses Type 1 license number MGA/B2C/295/2015 regulated by Malta Gaming Authority.
The next time you decide to go to Las Vegas or to wherever your favorite casino maybe, make sure you follow these Five Gambling Tips You Cannot Miss. There are a few very simple things that you can do that will stretch your gambling bankroll and get the casino to reward you for your play. The five gambling tips you cannot miss are to sign up for the players club, know the rules of the game you are playing, know how much you are going to gamble, know when you will quit, and making sure you get comped for your table game play. One of the biggest mistakes people make when they come to Las Vegas is not signing up for the casino players club when they gamble. Sometimes people simply don't know it exists or they think they have to pay a fee to join. But signing up for a casino players club is completely free and is required in casinos if you want to be rewarded for your slot and video poker play. Another benefit to players clubs is often the casinos will send you promotions in the mail for free or discounted rooms that you can use the next time you come to Las Vegas! The next tip you cannot miss for gambling in Las Vegas is to know the rules of the game you are playing. While this isn't that important if you are just playing reel slots it is absolutely required if you are playing a game that requires you to make a decision. A good example is when you are playing video poker, if you don't know the proper drawing strategy you will reduce the payback percentage of the machine. Most table games also fall into this example such as blackjack, requiring a player to decide when to hit, stand or take insurance. Not knowing the rules when you are playing a game in the casino can cost you a significant amount of money over the course of you vacation! Another important tip when you are planning to go to a casino is knowing how much you are going to risk before you go. For example before you even walk into a casino, you should plan how much money you will lose and not go a penny over. A good way to plan this before going on vacation is to split your gambling bankroll up for each day you will be at the casino. The next gambling tip is to plan when you are going to quit and walk away from the tables. Similar to knowing how much you are willing to risk, having a plan for when you will stop gambling when you are ahead is a must. There are few feelings worse when you are playing then being up and then losing it all back. For example if bought into a blackjack game for $500 and manage to win a little and get it up to $1000 or more, you will be quite devastated if you leave with nothing. A good tip is to plan to quit gambling after you have doubled up. The higher you set this goal the less likely you will actually reach it.
https://preview.redd.it/ee8ncuvf82p51.jpg?width=1920&format=pjpg&auto=webp&s=5b5327ce552eede10e9d26b7a4ffcbf8749bb74e Keno is a lottery-like gambling game often played at modern casinos, and also offered as a game by some lotteries. Players wager by choosing numbers ranging from 1 through (usually) 80. In the live version, the player may mark anywhere from 1 through 20 numbers on a card that has 80 numbers arranged in eight rows of ten. The player then takes the card to a keno writer and places a bet that the numbers selected will be among the 20 drawn in the next game. 토토365프로 Alternatively, the player sitting in one of the casino restaurants can mark a card and give it with a bet to a keno runner, who takes it to the keno writer and then brings back the ticket. The bet is in multiples of the house minimum -- usually $1 nowadays. After the 20 numbers are drawn, winning tickets are paid according to a table that varies from house to house. For example, a four-spot ticket with $1 wagered might return the $1 if two numbers hit, bring $5 if three numbers hit, and pay $120 if all four come in. But in another casino, the three-number hit might pay $6 and all four $125, and in another the payoffs might be $5 and $110. Because of the variation, no payback percentage is common enough to be called average. Paybacks range from below 70 percent to more than 80 percent.
https://preview.redd.it/8476mv01epk51.jpg?width=600&format=pjpg&auto=webp&s=a4d0dc6a971e20739b9f737d20d672e3e47ae2e8 Top online casinos and some of the best casino sites enable people to play and bet money on casino games over the internet. It is a popular form of online gambling. Online Casinos typically offer odds and payback percentages that are marginally better than a physical casino. Some online casinos report higher payback percentages for slot machine games and some post payout percentage audits on their sites. Assuming that the online casino uses a correctly designed random number generator, table games like blackjack have a fixed house bottom. The payout rule for these games is determined by the rules of the game.
Which Are the Five Top Online Casinos in 2020?
New top online casinos are opened every month, and some existing casinos are folding and leaving the industry every year. Below you'll find five of the best online casinos for both desktop and smartphone users.
Launched in 2017, Spin Casino is one of the fastest rising online casinos in the world. The fact that it was one of the most recommended gambling sites in 2019 suggests something about its management. Just like other online casinos considered to be the best, Spin Casino provides games from top developers, including Play n Go, Netent, IGT, Microgaming and Play Soft.
Slotty is one of the best online ask it casinos. It has top reviews by its players, quick and reliable customer support and a wide range of games. Slotty provides one of the largest variety of slots you can find online. It has more than 1000 games, all of which generate bonuses up to the fourth deposit. Released in 2014, Slotty has become one of the biggest names in the industry, part if which is owner to the fact that players from all over the world are welcomed. The site supports eleven major European Languages.
888 Casino is one of the biggest brands in the industry. The gambling website launches in 1997, which means it has been on the online market for 23 years now. More than 100 countries with progressive gambling laws have access to the 888 Casino. It supports more than 10 forms of payment, including Skrill and Paypal. Regardless of which payment option you choose, you get 100% deposit bonus up to $200 on your first deposit. The bonus can be used to play whichever game you want and the customer service will respond in less than an hour.
Vegas Online Casino
Vegas Online Casino has established a reputation for doing business fairly, which is a real bonus in an industry where scams and fraudulent sites create major problems for players. Video poker enthusiasts are sure to enjoy the casino's wide variety of power variants. Almost 30 unique play options are available, All America and Deuces Wild included. If poker isn’t your thing, you can go for other typical table games like craps and roulette, or explore the casino's range of slot games.
Royal Panda offers a fantastic variety of slots and table games suitable for any device, including smartphones. It has a very attentive and responsive customer service and some of the quickest payments in the industry. Also, huge jackpots are up for grabs. Royal Panda Casino has forever transformed the landscape by putting consumers first, hosting fun games and providing absolute transparency. Based in the international gaming nexus of Malta, the casino welcomes players from around the globe. The website even holds multiple international licenses.
What Are the Best Casino Sites?
https://preview.redd.it/letee8r1epk51.jpg?width=600&format=pjpg&auto=webp&s=2b29bf971ef7e997ad4098c9d849a07e897ea642 • Casiplay Casino is one of the most inspiring and best casino sites in the world. Where other sites have a simpler website design, Casiplay is rich in functionality. The graphics are stunning and support hundreds of games. Casiplay's owner or William Hill, the UK's famous sports bookmaker. • NY Spins Casino was launched in 2018 as a web-based gambling platform for both mobile and desktop devices. It has gained popularity by providing quick pay-outs, having an efficient site and customer service and support from the biggest game developers. • Bet MGM Casino NJ has a large selection of video slots, table games and other betting choices that are fun to play thanks to the design futures from developers like IGT and Lightningbox. The very best thing about BetMGM Casino NJ is that you can use it to gamble on countless different sporting events as well as daily casino games. NBA, Premier Leaugue soccer, NFL and other major leagues are covered in depth through the bookie section on the website. • Wild Casino is a platform that offers players the chance to access a number of different games. All you need to do is use the navigation menu at the top of the website to get to them. The games that make up the Wild Casino lobby come from Betsoft, a successful and we’ll know provider, and Nucleus Gaming, a rarer but equally appealing developer. This guarantees that the lobby has a variety of games that you can access, many of which feature amazing graphics and exciting gameplay in categories such as slots, blackjack and table games. • Euro Palace offers you both of both worlds, if you are looking for amazing games and the best casino site. As the name suggests, the elegant palatial atmosphere would attract the most discerning players. Instead of being noisy and distracting by clashing colours and bulky pictures, the understated, uncluttered site with an elegant dark blue backdrop offers the ideal atmosphere to let the games take center stage. Euro Palace has become a top digital casino destination for sophisticated players from a variety of countries. Whether you were looking for the top online casinos or wanted to know what are the best casino sites that offer an amazing graphic experience, this is the list for you. As an afterthought, you should know that most of the online casinos buy or rent their software from companies like International Game Technology, Amaya, Microgaming, Playtech, CryptoLogic, Golden Race or Realtime Gaming.
Enjoy Benefits of Lucrative Bonuses while Gambling Online
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9 Practical Tips for Playing #Slot #Machines Techniques as well as techniques to ENHANCE your possibilities of WINNING! IN THE NEW AGE By owning your own #casino #slot #machine, you could have the BIGGEST advantage contrasted to the adhering to #slot #machine winning pointers! Picture, simply one pull of the handle, or one push of the button, you might win SO MUCH MONEY that you would be able to spend for the price of having your own #slot #machine. What a sensible financial investment, would not you agree? Slots may be one of the most lively and also exciting video games to dip into online gambling enterprises. The best online casinos include hundreds of different slots, consisting of various titles based on box-office hits, such as Anchorman: The Tale of Ron Wine red, the cult-classic comedy. Considering that there are a lot more slots than any other game, taking some time to establish your method is absolutely worth it. Whether you're a skilled pro, a little skilled or a complete beginner to ports, these pointers will show you just how to win having fun fruit machine. That is why we strongly advise bookmarking this web page and maintaining it convenient for when dipping into any one of the top online slot's websites in your state. Sight the very best websites for PA online slots, and if you are in New Jersey, view our page featuring the most effective NJ online ports.
Play Higher Denominations
To boost the likelihood of you striking a winning combo, constantly select the greater denomination ports. You must play ports with greater religion bets offered as frequently as feasible because these slots are the most likely to give you a payment. Payback percents of port video games are about the denomination of the bet, or the cost of a spin. The greater the religion, the greater the repayment portion, indicating you'll have a far better chance of hitting playing slots with higher religions.
Wager the Maximum
Bet the optimum to get all the lines at work during your spin. Slots with several lines need specific bets to be activated, and wagering limit is equally as good. Whenever you're playing ports, it's finest to bet the optimum feasible to enhance your opportunities of hitting a payment. Numerous functions such as in-game bonuses and dynamic rewards can not also be triggered unless you bet on all the offered lines. Bet the optimum whenever you're playing ports to make certain you do not lose out on any part of a slot game.
The Even More Complicated the Game, the Lower Your Probabilities
The more complex the game, the reduced your probabilities of hitting that payment. All those special extra features do not aid, and as enjoyable, as they may be, monitoring incentives, multipliers, as well as modern jackpots when playing a complicated slot doesn't make it any less complicated. Keep it easy! The probabilities for all these difficult ports have an odor, so simply prevent them. Instead, play some of the most prominent port video games that aren't made complex to get the best chances each time you rotate. Take a look at the 11 most preferred online port video games and locate one to play right now.
Evaluate the Games You Play
Instead of betting on slots you have actually never ever played prior to, check them out initially. Play the complimentary ports version for each of the titles you're interested in. In this manner you can examine out the port suggestions you've reviewed, develop an approach and method so you'll prepare when it's time to have fun with actual money at stake. Do not ever squander your time and money playing ports you do not appreciate. Locate a new video game quickly. You can play cost-free demo versions of almost every port game offered at each online casino site. Typically these free demos are playable before you even have an account established.
Don't Worry About 'Due' Payments
It's difficult for some individuals to accept, but port video games get to the result of each spin at any kind of port video game is completely arbitrary. This is one of those must-have slots tips: 'Due' payments do not exist. Regulated by the random number generator (RNG), all the slot mixes are arbitrarily diverse as well as chosen as soon as you rotate the slot. Just port spins that struck a winning combo receive a payment, and there's no other way to recognize when that'll happen. Anyone informing you or else is wrong.
Tight Machines do Exist
Sometimes, you'll fulfill a limited slots, one that just never ever seems to hit. These machines will certainly have you rotating far too long without a single hit, making you invest greater than you possibly should just attempting to hit on a solitary port game. Limited machines are a lot more typical than you might think, particularly when you include all the slots with a terrible payback percentage. Limited machines are dreadful, but at least you can additionally locate loose slots that will hit regularly and give regular payments also. RELATED: Slots one of 10 gambling enterprise video games with the lowest residence edge. Check them full blast below.
Cash money over Card
When playing fruit machine face to face, we suggest you adhere to having fun with cash money instead of with credit scores or debit cards. There are virtually say goodbye to coin-based one-armed bandit at casino sites, however you can still select smaller sized religions after placing cash. Physically inserting expenses right into the vending machine as you play will make you extra familiar with the cash you invest playing port games. Instead of swiping whenever you intend to rotate, utilizing cash money as you play port games can aid you bet within your restrictions. When playing on-line ports, provide on your own a set amount to work with.
Know When to Stop
Ports can be a great deal of fun, but also for it to remain that way you must know when it's time to stop. Offer it some severe consideration as well as identify your objectives for playing slots. Determine how much time and money you want to spend playing slots as well as stay liable. Ports can be one of one of the most rapid as well as most exhilarating experiences, which is why it is very important to set some restrictions prior to you get rotating. You do not wish to get so caught up in the excitement that you spend way more than you can afford to chase after a payout.
If you’ve ever been to a casino, you know how exciting winning a slot machine jackpot can be. Even if you’ve never won one yourself, you’ve likely experienced a jackpot win before. The bright lights, the ringing bells, the loud celebratory howls; it’s enough to get anybody’s adrenaline flowing. But what are your odds in playing slots online to win real money? Is there any way you can improve your online slot machine odds? While winning a jackpot is largely attributed to luck, there are certain strategies to follow in order to improve your chances. There are also many slot machine myths which could actually hurt your chances of winning big. Could having a slot machine strategy actually improve your pay out? Let’s find out.
What are the Best Slot Machines to Play?
Believe it or not, higher denomination slot machines have higher payback percentages, making them the best slot machines to play. Most people know how to play slot machines, but still opt for the lower cost machines because they assume that they pose less of a risk. Unfortunately for them, this is just not the case. Not only do more expensive slot machines pose improved odds, but lower cost games often result in the operator feeding more money into the machine. If you notice that a particular jackpot machine is dealing out more wins than any other, don’t be fooled. Many people believe that each online slot machine is programmed to issue a certain percentage of winning spins. This is a myth. Every spin is random and independent of the previous spin. What does that mean for you? It means that keeping an eye on the surrounding machines is unnecessary, since there is no such thing as a “lucky” machine. While different machines have different odds, this does not mean that some machines are luckier. We’re not telling you to ignore your intuition, but we also don’t want you to be fooled by casino myths.
Do Some Slot Machines Pay Out More Often than Others?
With that said, most machines do seem to show a certain level of volatility. Online slots that pay real money with a higher level of volatility might result in less frequent payouts, but the payout is typically higher. Some machines might offer more frequent wins, but result in lower payouts. If you are playing a machine that has higher odds of winning, but lower payouts, it makes sense to bet lower. With machines that feature worse odds, but higher payouts, the opposite is true.
Which Slot Machines Pay the Best?
As we mentioned earlier, there is no true way to determine which online slot machines are ultimately going to result in big winnings, though you can use certain strategies to improve your chances of increasing your winnings. Playing more expensive machines might require a higher initial investment, but odds show that people who play the higher denomination machines ultimately leave with higher payouts.
Are the Best Slots to Play the Ones Closest to the Entrance?
Some people believe that casinos put the machines that pay the most right by the entrance, with the intention of drawing more customers. This appears to be another slot machine myth. While machines by the entrance might offer more visible wins, there doesn’t appear to be a significant correlation between conspicuously placed machines and higher winnings. The same goes for online slots. The games located near the top of the page don’t necessarily result in higher payouts.
How to win at slots: Tips to improve your chances of winning
When it involves making a hit of your online slot gaming in poker deposit ovo, knowledge is power. You'll never be ready to improve your luck playing games which are entirely random and hooked in to chance, but you'll be prepared to give yourself the surest chance of winning if you follow our experts' top recommendations on the way to win at slots:
1. Aware of more slots than on RTP percentage
The RTP of a slot game is mostly considered before one could choose to play a game. It's a crucial factor, but not the only one, mainly because the idea of volatility comes into play in poker deposit ovo. In a game like we discussed above, where the probability of winning is 1:1000, the character of the play is very volatile. If this is often the only gain, you're getting to be anticipating the whole game, which would take you a minimum of two hours to get a victory. https://preview.redd.it/mxcuxnqschi41.jpg?width=612&format=pjpg&auto=webp&s=995f8b20331b682507112e53569969516b50707f Imagine having a game where there have been smaller wins throughout? It'll take an equivalent amount of time to win big, the smaller wins you may be having will keep you curious about the game and cause you to play longer. This increases your chances of winning.
2. It's impossible to tell a game's payback percentage by looking
When we consider slot machines with mechanical reels, the payback percentage may be a factor of the various possible combination payoffs and the number of symbols. If, as an example, you aim at a particular result, you'll obtain the chances of hitting it. Compare what you get to the quantity expected as payback then add together the respective returns. Modern slots played over the web have random combination of number generators that brings up outcomes. Whenever the spin is pressed, the reels spin and then stops on a random number, which is tied to certain reel combinations. If the sport developers adjust the chances surely symbols, it might be impossible for a player to calculate the payback percentage accurately. Whether you manage to self-calculate or believe what has been given by the developers, a game attracting better payback is best than the other
3.Aware of the technical know-how of a slot machine
You must have come across this before; find a game whose winning event is up. Although some people will interpret this to mean that slot games are self-correcting, the reality is that mathematical probability is that the most significant determinant for winning in slots; every spin that's made on a coin machine is independent of the others, but they're collaborating to prove the mathematical accuracy of the games even during poker deposit ovo. Supposedly that a game pays out a win when three identical symbols appear on separate reels, for a game that has three reels, this can mean that players have a 1:1000 probability of winning. Does this mean that you need to make 1000 spin to land one that pays out? The reality is no matter how long a slot is played without a paying out, there is a possibility that a win is coming, and it might be you spinning.
4. Apply slot generalities supported location
Many slot reviewers and analysts believe that the slot machines that are placed on the sides have higher payouts. This theory rides on the idea that players start choosing slots from the surface, and the edges are a strategic place to possess higher-paying games. Well, this may have worked within the past but not anymore. Anyway, location matters a lot, the slot machines in Las Vegas airport have a payback percentage of around 80%. If you're keen on gambling and are stuck at the airport, you'll play?.
5. Apply slots generalities supported jackpot size to win
Did you recognize that a little jackpot is more straightforward to win than an enormous one? Consistent with Michael Bluejay, a slots machine blogger, smaller jackpots in slots means better payback percentages. A little jackpot is straightforward to beat. On the contrary, play slots with much higher progressive jackpots for fun, not for the cash. The larger the jackpot size, the lower the probability of hitting a win. This can mean spending much on the slot, not to mention the quantity of cash you would like to possess spent before hitting the jackpot. It's alright to undertake gaming luck on progressive jackpots but look out not to get drawn to it – they're going to kill your morale also as bankroll pretty fast.
6.Avoid mythical beliefs from slots club
If you're familiar with a slots club or you know someone who is, you must have probably heard the parable that your chances of winning are reduced if you've got a slots club card within the machine when playing in poker deposit ovo. It's false! The use of the slots club card is to trace the quantity of actvities that have been engaged on my account. It becomes easy to calculate rewards and rebates as to how to offer players incentives at their level. Slots make money from casinos, so it's standard business practice for a casino to require to ascertain what proportion of traffic is generated from them. Don't be fooled into thinking that the random number generation and RTP are going to be influenced by the absence or presence of the slots club card.
7. Enjoy better winning odds with video poker in poker deposit ovo
If you're new in the gambling space, it will take you an extended period before you'll decipher the difference between slots and video poker in poker depositovo. Within the real sense, there are vast differences between these two. Using equivalent probabilities, you'd apply when twiddling with a deck of cards; it's possible for players to effectively calculate the RTP percentage on a game of video poker in poker deposit ovo. The typical RTP is 93% for video poker games, which gets better with enhanced skills and a far better choice of games to up to 99%. If you're getting to balance some time between video poker and slots, you'll have different fun levels with each, hooked into the slots? It's perfectly fine because the wins you gain from video poker can fund the slots, keeping you playing longer.
Introduction Slot machine games are known to be among the most popular games on-land and online. The game is loved by many people for its ability to make money from it, have fun, socialize and even playing to pass. Time. different people have different reasons as to why they love playing online slot machine games. Slot machine games are now a great attraction to many players although they weren’t like that in the past. What made online game slot joker juicier and loved is the fact that it was introduced online. Now, people can play whenever they want and wherever they feel like. To enjoy playing online casino games, you should understand the game's rules and what the game has to offer you. for that, you will need to learn about the following slot game facts. https://preview.redd.it/u5aenmnzf5741.png?width=727&format=png&auto=webp&s=e08e6235b56cac56aa21cf91db4d8dfc7fc6f03f The machines payback over 90% The payback is simply the return to players. It is also referred to as the amount of money that you are likely to win when you stake for a spine. It is very important to know how much you are likely to win to avoid wasting your time in slot machines that are not worth your time. by knowing your payback percentage, no slot machine provider or owner will dare deceive you. the slots payout differs depending on the and the machine that you choose. Before you can get started, it is very important to understand what you can earn from playing in a particular slot machine. https://reddit.com/link/eg9dmb/video/szq5hjn6g5741/player The online slots are very different from the traditional slots You should always know that the online slots are very different from the traditional slot machine. Even if you were used to winning on-land, playing online can be a bit tricky and different.
What is Online Casino Games? Online casinos, also known as virtual casino or internet casino are an online version of traditional casinos. Casinos you go to, to play black jack or cleanly slot machines. Online casinos permit gamblers/players to play and gamble on casino games through the Internet. These types of online gambling casinos generally offer unusual and payback proportions that are comparable to land-based casinos. Some online casinos declare higher payback percentages for slot machine games, and some publish expense percentage audits on their websites. Assuming that the casino royal is using an appropriately programmed random number generator, table games like blackjack have an established house frame. The payment percentage for these games is established by the rules of the game. Reliability and trust issues are usual and often questioned in casino net. Many online casinos rent or acquire their software from well-known companies like Wager Works, Microgaming, Real time Gaming, Play tech and Cryptology in an attempt to "piggyback" their reputation on the software manufacturer's integrity. These software companies either utilize or assert to use random number generators for online casino gambling to ensure that the numbers, cards or dice emerge randomly. In free casino games, whatever you like betting, you will be able to make your choice between different sites and online casinos without downloading on your computer any software. The games are represented in your browser plug-ins such as Macro media Flash, Macro media Shock wave, or Java which will permit your computer to display the sounds, images and games in virtual casino. The online gambling player will find on online casino a great range of games such as Baccarat, Blackjack, Craps, Roulette, Slot Machines or Video Poker. If you are a devoted Bingo online player, many sites such as will give you the thrill you are looking for some of them offering to succeed free vacations or tours by casino net, if you make a deposit before a certain date. Online casinos also propose to new members/players signup bonuses when they create their first deposits in casino royal. It usually equals a percentage of the player's deposit with a dollar maximum, and most of all online casinos require a minimum dollar amount. With online casino, you can have fun all the games you want, from Baccarat to Poker. Baccarat Baccarat game is played with cards; it is an online casino gambling game that was first introduced into France casino royal from Italy during the sovereignty of Charles VIII of France. There are three alternatives of the game: baccarat chem in de fer (railway), baccarat banque (or a deux tableaux), and punto banco (or North American baccarat). Baccarat is a simple game with only three results, player, banker and tie. These are just options on which the gambler can bet. Blackjack Blackjack is the most well-liked casino card game in the casino net world. It is as famous as twenty-one (vingt-et-un) or Pontoon, originated from French casinos in the 1700s. The recognition of blackjack is mainly known to the card counting (keeping track of which cards have been played since the last shuffle). Blackjack hands are achieved by their point total. The hand with the highest total wins as long as it doesn't go beyond 21 (vingt-et-un). Roulette Roulette is a casino and gambling game and comes from a French name sense "small wheel" which is accurately what Roulette is. It was invented in the 17th century by a gentleman name Blaise Pascal. To make it more pleasing to gamblers, two other Frenchmen François and Louis Blanc added the "0" to the roulette in classify to boost the odds. Later on in the 1800s, roulette was brought into the United States where a second "0" was added "00" to increase the odds even more. A player can gamble on numbers, combination, ranges, odds/evens, and colors in virtual casino. The croupier turns the wheel which has 37 or 38 singly numbered sections in which the little ball must land for free casino games. The main sections are from 1 to 36 and every other sections is red and black, with number one being red. There is also a green compartment numbered 0. In most roulette wheels in the United States but not in Europe, there is a second 0 compartment marked 00, also colored green. If a player bets on a single number and wins, the costs is 35 to 1. The gamble itself is revisited, so in total it is multiplied by 36. You can play the roulette on online casino Royal and will have the accurate same results as if you were in a real Vegas casino. Slot Machines Slot machines are most likely the most popular form of online casino net and you will find so many of them on each online casino site you're going to. Online casino slot machines are coin controlled with three or more reels, which spins when the person triggers the handle on the side of the machine. Inside the slot machine is a currency detector that validates the money inserted by the player. The machine will only pay off when the symbols will match, for example 3 hats or 3 dollar signs. Sometimes, the player can win with only two parallel symbols. It is the same with online virtual casino slot machine the player will pay with a credit card a definite amount of money and click on the icon to play. Due to modern computer technology, there are now many variations of the slot machine concept and it represents about 70% of the average casino's income. There are so many online casino net websites now offered, that the playegambler will have no problem choosing what he wants to play. You can surf on different online casino websites to do online gambling and see which one you like finest and suit your needs, no matter what you will find your gambling pleasure. gamble at our online casino website: 카지노사이트
What would you like to see in an app made for a trip to a casino?
So I 'm working on a school project and we have to come up with ideas for a mobile app. I chose to make mine for a trip to a casino. This app will not be for actual it will be to help enhance your trip to Las Vegas or Atlantic City or any other casino more enjoyable. For example one feature it might have would be a section about which casino as the highest payback on slot machines, or information about which night club is most popular on that particular night.
Any Wisconsin Gamblers? Have the casinos gotten really tight or am I just really unlucky?
TLDR: Wisconsin casinos feel "rigged" to where they can control the payout percentages throughout the day, or I may just be the most unluckiest gambler on planet earth and have no idea what I am talking about. haha Sorry for the rambling but I just had to rant and get this off my chest. I will start by saying that I really enjoy gambling and I understand that it is an expensive hobby and that losing often is part of it but I feel that something sketchy is going on. I know that all casinos are "monitored" closely but it feels like they can control the payout percentages whenever they feel like it by pressing a button on a computer. My last 20 casino trips I think I only came out ahead one time and it wasn't much. I am a low roller and play it very safe with my money and often try to do strategies to make my money last longer for more entertainment. I only bet minimum and try to only spend five or ten dollars per machine so that I can enjoy more machines. When I turned 21 (2013) I was really excited that I finally got to play slots and table games (I played bingo since I was a little kid with my grandparents and they would often go to casinos without me). My bankroll used to be only 50 bucks and sometimes a little more if I wanted to play longer and it would usually last a long time. Now days I feel like you need to have at least 300 dollars to have a chance and have to be extremely lucky to come out ahead only betting minimum. I can't afford to bet higher or max because the machines just take the money, so many dead spins in a row. Even betting minimum I lose 50 bucks within my first half hour of being there and am trying to win my money back from that point on which rarely happens. It's gotten to the point where it's not fun anymore. I once stopped going for 10 months but then got the urge to go on my birthday because I always go on my birthday every year and it didn't feel right not going. )Yes, I have a reward card but never use it except on birthdays and when family gives me their free play coupons. I don't like knowing that my playing is being tracked and them knowing what my favorite machines are. It's a scam, they give you "free" food and hotel rooms so you can come and spend 3 times the cost of those things on slots.) Recently I will stop going for 4 or 5 weeks and the day I decide to go, on the drive there I know that it's a bad idea. Basically donating my 100 bucks every couple of months and not having fun but I am addicted because I remember all the fun times I used to have. Back to my feeling about the casinos being "sketchy". Sometimes when I am losing and don't want to leave right away I will walk around very fast and see how the other people are doing. Quickly glancing at screens and seeing the facial expressions of the players. Usually the people playing are not smiling and they slap the buttons and they curse etc. What I find strange sometimes when it's really bad sometimes there is one person who will be waiting for a handpay of over $2,000 while every one else in the entire place seems to be losing. The only people who tend to be happy are either drunk or are noobies who don't know what they are doing or how the game works and are just excited that the machine made a noise. I have noticed at one casino I go to, the machines quickly reset to 0 amounts when someone cashes out so you can't see what they won or their ticket amount. Also, workers are quickly to the spot to move the chair in to make sure people don't know someone just sat down there. My 5 or 10 dollar method per machine often doesn't pay me anything so sometimes I will spend up to 20 or even 30 of my 100 dollars on one machine, finally triggering the bonus or spins and it pays less than 10 dollars actually that would be a "BIG WIN!!!!!!" if i won that [according to the machine], it's more often less than 5 dollars. My biggest win in the past 6 months was a 50 dollar bonus and it took my last 30 bucks to get it so after that 20 dollar profit on that machine I was still down 50 dollars of my 100 bankroll. Always chasing my loss. Since everyone only talks about their big winnings, I will share mine. In my 8 years of gambling I have only got one handpay for $1700 and it happened to be on my birthday of all days. It was a random triggered progressive pick bonus and I picked the 3 Major symbols. I can tell you without a doubt that within 17 casinos trips I gave all of it back. Another time I triggered a progressive wheel and landed on the Maxi wedge for $1000 and my last big win was on a free spins bonus (I was pissed from losing and bet max with my last 20 dollars) and won $750. Did that experience make me want to become a max better? No. Max betters lose more in the long run, sure they get the thrill of seeing "big wins" but have to spend more money to get them and they have to pay taxes on handpays while giving all of it back later in the year. I remember how loud the casinos used to be with the machine bells going off and people cheering and yelling, now days when I walk in it's like a funeral home, all the volume on the machines defaulting to the lowest setting and not much talking only whispers of complaining to the people they came with. When I go now days I know I am basically putting my hundred dollars in a paper shredder but get a good laugh overhearing people saying how bad they are losing to one another. It used to be bragging about wins now all I hear is "Oh you think getting one dollar on a bonus is bad, try getting 200 free spins and winning only 6 dollars!" I have never seen so many crumpled and ripped up tickets before with a few cents on them from people who are angry. (No the ripped tickets are not from the custodians in these situations) Maybe I should save my money and go to Vegas or travel out of the state of Wisconsin....but whenever I think about doing that I think that it will just be a longer trip home after losing my money, better off throwing my money away at the closest slot machine from my house. Why don't I just play all the slot machine games on my phone for free? There are 13 apps that have the real slot machine games on them and I can play with pretend credits.....but that doesn't give me the same excitement than playing with real money does and it just gets me more hooked. I know how all of the games work and which ones have the highest potential of winning something good because of how the game works but when I go to play it in real life it never pays out the same as it does on the app game. Maybe I should stop playing slots and put my entire $100 bankroll on a black/red spin of the roulette wheel or one hand of blackjack.....well that's not "fun". It's so funny that the companies no longer call it gambling, they call it "gaming" because that way they feel better about themselves ripping people off because they are playing a game not a slot machine. They are slowly raising the minimum bet on machines to $1. Right now I see 50 cents being the lowest I can find, but you used to often be able to find 30 cent ones. Now you have to pay 75, 88, or even 90 cents to get the same payout as you would betting on an old 30 cent machine, paying more to get less. Paying for the new flashly lights and animations experience. All Wisconsin casinos are located on Indian reservations and the Indian tribes are not required to release information on their slot machine percentage paybacks. What kind of BS is that? 90% of the time it feels like the percentages are really low, but sometimes you go to the casino at the perfect time and everyone seems to be winning a lot of money but only seems to last for about 30 minutes and then the go cold again just enough to get you hooked thinking you will keep winning only to realize you are giving all of your money back. I often look at the reviews of the casino I went to the same day and sure enough everyone is giving 1 star and bad comments. A lot of the Wisconsin casinos have recently remodeled and expanded in the past couple years for more slots for people to lose on. I find it really funny when the machines I like to play (because they seem to pay a little money back) are often gone the next trip I take to that casino and replaced with a machine that gives frequent bonuses but very little pays. TLDR: Wisconsin casinos feel "rigged" to where they can control the payout percentages throughout the day, or I may just be the most unluckiest gambler on planet earth and have no idea what I am talking about. haha
A discussion about BF, in-app purchases and RNGesus/gambling, anecdotes optional.
I saw holyarmsd's thread on spending too much, and I wanted to take the discussion beyond "I am X years old and I've spent $Y", as HorriblyNiceGuydid. So I Googled 'psychology' and 'in-app purchases', got reading and got writing. Brave Frontier is part of a trend of “freemium” games that uses gambling mechanisms to get us to the rare summon door with more cash than is justified. I’ll start by writing what I observe about us as “freemium gamers” and consumers. People that wrote their age and expenses on BF on holyarmssd's thread ranged between ~15-26. The teenagers that posted spent between $33 and more than $300. It’s no secret that the top players spend in the 1000s for their units and by idealising top players, we also risk idealising their expenses. The European Commission has even met to discuss consumer protection for app customers. Slashdot reported a Re/code study, which showed that “only 1.5% of players actually spend money on in-app purchases”. The anonymous reader who mentioned the study added that “[Re/code] talked to a game company who actually assigned an employee to one particular player who dropped $10,000 every month on in-app purchases.” How does the gambling process work? Firstly, having a “free app” that essentially requires payment for premium content is insidious. One need only notice that, as Baekdal exemplified, most of the top grossing apps are freemium. With the recent rates up and an increasing pool of characters, the probability of getting that Zelnite decreases, and the money required for the rare summon lottery, as I’d now like to call it, also increases. Furthermore, the idea that we’re happy to give money to developers for a well-designed game ceases to be a justification when we spend in the 1000s on BF, when games for traditional consoles (PlayStation, Xbox, etc) cost from $50-150 (my crappy estimation). I came across a Vox article by Brad Plumer covering slot machines that drew many alarming parallels:
The computerization of slot machines gave casinos such precise control over odds that they could offer much higher jackpots and more exciting games while really controlling percentage payback and the odds," Schüll says. The gambling industry has realized that the biggest profits come from getting people to sit at slot machines and play for hours and hours on end. (Schüll says the industry refers to this as the "Costco model" of gambling.) As such, slot machines are designed to maximize "time on device." (1/2 energy BB fodder farming, anyone?)
We often see people posting SBBs unlocked, their first 6*s and Zebra captures (myself included on two occasions, sorry), which perpetuates this maximisation of “time on device”. Inspired by the Vox article’s coverage of the role of the architecture of casinos, I suggest that the social architecture of the game, including this subreddit, keeps us gambling at the rare summon slot machine. We now have megathreads where ≥1000 people post how they went, with survivorship bias resulting in more posts on people that went excellently. I guess that’s kinda why I kinda loved MedievalMovies’ post for portraying the very real frustration that can come with gambling. What is the solution? As many users have stated, stop power creep. As Extra Credits suggested, invest in incomparables. Innovate existing game mechanics, as MystiKnight suggested with overhealing. Make a rates up actual, rather than in theory, so that you can retain the current price of your gems. Many users have remarked that this trend cannot last forever. With 10,000 people on this subreddit, some of which spend hundreds on the game, it makes sense for Gumi to have a PR rep monitoring reactions to their events here. People conceptualise this subreddit is an indirect communication channel with Gumi, partly because we have some super helpful users on call in the daily help threads. So yeah, there is a chance that Gumi might read this. But I didn’t post this for me or my e-penis, nor did I do it for Gumi. I did it because, tl;dr, this idealization of what is essentially a gambling process is dangerous, and it needs to be brought into light. Comments, thoughts, and challenges welcome.
Disclaimer: ARK is regularly hosting Ask-me-Anything's of upcoming and promising cryptocurrency projects. Keep in mind that ARK has no competitors - only future partners. Justin (doubled1c3) Let us all welcome the team from https://ocryptounion.io/ - you all will be speaking with a huge squad today! @Rømain, @adli, @Fab_ØCU, @Ben Sunderland, @Paul, @Anna. You can all start asking them questions. I'd ask the team from OCU to use @ username to the one responding (no nested threads) and all of the community to give them some time to catch up if too many questions in backlog, before asking more, so questions don't get lost. Please refrain from off-topic or bot use, they will be respectfully deleted. Thank you and let's begin! :ark: Let's start off with everyone, check in and mention what you do at OCU, then, the big one: are you launching an ARK delegate node for forging and if so when would that be? Would there be benefits for your voters who will be using your crypto union services? adli Hi all, I’m adli, Chief Strategic Officier and partner. I will be glad to answer all your questions ! :wink: Ben Sunderland Hi everyone! I'm Ben, the community managecustomer support for Ø :slightly_smiling_face: Rømain Hello everyone, I’m Romain and I’m the Chief Marketing Officer for Ø Crypto Union! Anna Hi all, I'm Anna, Business Developer with Paul! Paul Hi everyone, I'm Paul and i'am part of the business developers team with Anna. Anna We are thrilled about the new partnership between Ark and Ø. We're really proud of what we're building here, so we look forward to answering your questions as efficiently as possible. Of course, if you have any request for any of us individually, send us a DM! Jarunik How do you pronounce the ø ? Justin (doubled1c3) How do you say the name?? :joy: adli @Jarunik Like you want. We say it like a classical O Justin (doubled1c3) "Naught?" adli Like Origin Rømain OOOOO Crypto Union Justin (doubled1c3) ah, I see! Ray.Alva I’m learning so much already haha Justin (doubled1c3) so to clarify it's not Zero Crypto Union? adli But language is freedom as all our lovely decentralized protocol :wink: So you have the choice :wink: Ray.Alva That was one of my main questions alexesm Welcome! Jarunik What is your token and what is his spec exactly? ... it is a bit confusing based on the history. adli Nop it is not Zero ! :wink: it’s :100: ! Justin (doubled1c3) excellence adli @Jarunik The token is currently an ERC223 security token. On Ethereum But we want to replicate our token on all chains, because protocol are just a usefull base for us And a way to decentralized the governance, automatize the process and just to live in the right era :slightly_smiling_face: Jarunik Ok ... so what can i do with the token besides the memberships ? Anna About the original a simple idea of Fabien was to use the blockchain this transparence efficient, the value of the crypto ecosystem and the censorfree border free of it to create funds that can make a difference in a ground, helping entrepreneur and population to able them to self start broking social barrier and access to capital :slightly_smiling_face: adli Token give you right, financial, governance and usage ! Rømain @Jarunik Also the tokens are a contribution that help our community build the ecosystem as all of this is very costly like you can imagine. As a cooperative, our token are actually a share of the company, we assume our status of security token Justin (doubled1c3) I heard plan to launch delegate on ARK mainnet... True? What are all the details? Jarunik Which rights or benefits do I get for the token right now besides membership? Is there a dividend? Or something else? adli @Justin (doubled1c3) Yeah, because if we have Ark in custody that doesn’t vote for a delegate, we should use that vote weight for our proper delegate to participate in the Ark Network But the goal is to permit each users to keep his vote choice Rømain @Jarunik Indeed, there will be dividend from our token as soon as we launch the final products, the requirement will be to pass a KYC Justin (doubled1c3) So what that means is users can send ARK to you for custody, and recommend a delegate to vote for, but if no recommendation, autovoting for the OCU delegate, correct? adli @Jarunik, as we are a security, when you have the token and you are whitelisted after KYC, you are a full shareholder Jarunik ok understood. Thanks for clarification. adli @Justin (doubled1c3) absolutely, you get it right ! Justin (doubled1c3) Perfect here's another question If someone sends you ARK for custody and recommend delegate X, does the user get all the voting rewards added to their custody, or do you take some management fee for that? Some people asked me adli We should take some minor fees, because of the risk managing and the custody maintaining. Justin (doubled1c3) ok any idea on the percents you will take yet? adli We have not make the precise calculation now, but it will be like an exchange or broker fees Justin (doubled1c3) of the voting rewards given by delegate X Jarunik I understood that you will use a loan to value ratio (LTV) of 40% of Ark. As we know from the past there are often crashes of up to 90%. Will you have some special measures for this case or will you straight out liquidate? Justin (doubled1c3) thanks @adli that answers my question goose Why the need for a special ocu delegate? Why not use funds that are not directed to a users delegate to other existing delegates? Especially if the volatility could cause ocu to bounce in and out of the top 51? Justin (doubled1c3) I think they plan to activate special features or advantages for ARK users if their OCU delegate is forging @goose. Is this true? adli @Jarunik The 40% is a base calculation. But we are currently elaborate a risk model to give you a more accurate percentage. (like the median of the last 30 days.) There is no 0 risk of margin call. But we want to offer a safe use and will no try to give to much loan compared to the backed asset and his own volatility. cam (og) If we need to transfer to a new wallet and a new vote needs to be cast who pays the fees? Or can it be added to the payback debt? adli @goose Because we want to participate in the Ark Network and be independant. But if it is not efficient, we will try to partnership with delegate. It’s juste a try and improve process with no particular risk cam (og) What countries are barred from partaking? Justin (doubled1c3) lets let team answer @cam (og) then my question, then ask more thanks for all the questions! goose I would just worry that if they have their own delegate an are on the cusp of being in or out of the top51 there is the incentive not to go with a users vote if it can keep the ocu delegate forging.... I think there would have to be a lot of transparency around that process adli @Justin (doubled1c3) Yeah you’re right Rømain @cam (og) for now USA is restricted because of the regulation there about the security tokens we hope an improvement very soon, and we’re working very hard with our legal team to solve this issue Jarunik What is your estimates ... will you have enough demand for the really high interest rates of more than 12% yearly compared to 5-7% of banking lombard loans? adli @cam (og) Even if we make our own delegate, we will be ask you to confirm that you vote for us and choose to pay a fees. Same for the other delegate. (maybe the most high membership will have offered fees.) @goose Yeah the process will be fully transparent. The idea is to collaborate with the Ark Ecosystem, not to compete with him. Rømain @goose transparency is one of our main concern Justin (doubled1c3) Can a random ARK user vote for OCU delegate, and receive voting rewards from you, just because they like you? or, does voting require KYC and registration on your platform? adli @Jarunik I want to know which company offer you Lombard Line at 5-7% on crypto :slightly_smiling_face: ? We think and calculate that there is a huge demand in crypto area for loan. You could see how much projects emerge and had waiting list. There is a real need to bridge classic economy and crypto economy. We want to deliver aside of that some payment facilities, and that is the best ways to use crypto without selling it and keep the bullish state of mind :wink: @Justin (doubled1c3) Yeah, it should be possible ! We are currently creating a legal structure for our pool activity, different than O Crypto Union. So if there are different rules on pool business, the main entity will not be touch. But we should give better fees rate for registered users :slightly_smiling_face: Justin (doubled1c3) OK, when you launch the delegate node, be sure to put your proposal on forum.ark.io and arkdelegates.io! adli For sure ! Rømain @Justin (doubled1c3) sure we will :wink: Jarunik and don't double forge :stuck_out_tongue: adli for sure too :stuck_out_tongue: Rømain triple forge only for us :wink: (edited) Justin (doubled1c3) For the reddit log, here is the link explaining more about OCU: https://blog.ark.io/building-an-ecosystem-ark-announces-partnership-with-%C3%B8-crypto-union-ee11f740c32f (edited) cam (og) So what's the next step after this? How does this scale into other ventures? You release the card. You have customers. Everything is great. Does it stop there? adli The long term goal is to be a decentralized fully regulated bank With all the services of a bank Blockhunter Sounds too good Justin (doubled1c3) That is really cool adli and a seamless connexion between the two universe cam (og) On what? Ark? Justin (doubled1c3) ARk and others Blockhunter Connection*^ cam (og) Because as it stands you'll be on multiple platforms, right? adli Yes We are agnostic and want to build relationship with protocol to have a better integration and user experience Justin (doubled1c3) Similar to cam's question, are you going to use ARK v2 toolkit to launch a bridgechain, to handle some aspects of your platform? goose Will there be any opportunity for delegate partnerships with ocu? For example if I work with ocu and offer lower rates than the standard if they were a voter of mine? Possibly as a service offering..... cam (og) Who is your top competitor and how are you better adli Ideally you should have your GXE on your preffered chain Rømain @cam (og) that’s only a small step for us tbh, we want to create a DEX also to tokenize SMEs, human potential... You can find more infos here https://medium.com/ocryptounion/%C3%B8dex-traditional-finance-through-securitization-a0b175fda5e0 (edited) Justin (doubled1c3) ok ok let's let them catch up now thanks for these questions! adli @goose That was the kind of stuff we think about :slightly_smiling_face: We keep that in mind and will think about an offer :slightly_smiling_face: Thanks for your interest and all your questions and sorry for my typo and bad english :slightly_smiling_face: Maison People borrow coins that are 'supplied' by staking rewards of voters? Justin (doubled1c3) It's all good! Rømain @cam (og) we have a few competitors, mainly NEXO and SALT Lending. Salt Lending has the advantage to be able to lend in the US but not in the other part of the world We made this to analyse the competition https://drive.google.com/file/d/11ySN5FjwE29WXnR1VfkfdwrepAr2DrN7/view?usp=sharing adli On loan side Nexo seems to be the more advanced On payment monaco has some succes On market area and exchange side (not in this chart) polymaths and other competitors seems to build strong things Justin (doubled1c3) Nice, let's do my questions, Will there be ARK v2 bridgechain? adli But our idea is to maybe cooperate one day with these companies if we have great legal agreement Rømain @cam (og) Also, we aim to be the first to have a proper banking licence Justin (doubled1c3) @Maison people use coins they own to get FIAT loans, voting rewards are added to your borrowing power Maison And how are you ensuring users WILL pay back? Justin (doubled1c3) They collateralize the loan with your coins, that they hold and use to vote on your behalf so if you don't pay, they own your coins adli @Justin (doubled1c3) For the Ark Bridgechain, we must have some discussion with the Ark tech team, but yeah we want to interconnect ark and our ecosystem and token Maison Yeah but you can take a bigger loan right Justin (doubled1c3) This is excellent thanks adli @Maison No You can only as a portion of your backed crypto It is balanced according to the volatility of assets and other parameters Justin (doubled1c3) So for example if you supply 10000 ARK to them you get 4000 ARK worth of FIAT borrowing power Maison Then whats the purpose of fiat loan? So you dont need to sell your tokens (that might pump in price)? adli We want to offer secure loan and secure debt Justin (doubled1c3) That's just an example adli @Maison Yeah, you don’t need to sell your token, so if the token goes up, you doble win You have a great life And you have great capital :wink: Maison And if goes down Justin (doubled1c3) Then you can add more ARK to them, or let them liquidate Maison Just wondering if there will be a point it is not ensured that it will be paid back Or will you not look at fiat value? Justin (doubled1c3) Crypto loan strategy should probably be a separate thing, maybe an article or Reddit post @Maison kind of hard to lay it all out in realtime Maison Im just wondering since it happens with visa too adli Your loan capabilities will always be updated according to the price, volatilty and many others parameters Maison And what the protocols are Justin (doubled1c3) Can you give some country names who will be among your first customers? or is it all of EU etc? Anna @Justin (doubled1c3) Our first customers are in France Justin (doubled1c3) Cool Anna But we already have other customers in EU :slightly_smiling_face: Rømain We have interest from all over the world right now, like I said USA is the only one to be on hold for now Justin (doubled1c3) How long has it been since you first started working with Malta government to obtain licenses? mike i would think it would require forced liquidation if price goes below 40% of original price when loan was taken out but sounds good otherwise. adli YEah mike just need plenty of warnings to borrowers as price approaches that limit adli @mike And we want to give indicators to be fully transparent with our customer. The idea is to permit you to choose what strategy you want. For example if you want to be extremely secure, just keep under 20%, medium 30%, etc etc For the warning, for the anecdote, it was one of the first screen we designed for the app !! :stuck_out_tongue: Maison To loan do you need any KYC? Anna @Maison Yes Maison Will you have access to the list of 'fraudulent' payers that the tax governments shares with companies? adli @Justin (doubled1c3) We are working with Malta since 2-3 month and are working on several ways to have an EMI. (we cannot disclose all for the moment) Justin (doubled1c3) OK great cam (og) So I take a loan on my ark ... my tokens are all locked until i'm paid back in full? adli @Maison We must check if people are not in a blacklist during KYC Maison Ok great adli Legally we cannot do another way @cam (og) Yep cam (og) Or can I pay back portions to unlock portions? adli At least the portion that cover you’re loan Maison But on the other hand you will not monitor any transaction once you give the loan right? Privacy adli You can reimburse how you want It is a credit line and not a basic loan Justin (doubled1c3) the loan is given in FIAT to you @Maison so you do what you need to do at that point adli that is why we call it Lombard And you can reimburse in what money you want, same for interest Maison Aha yes fiat i forgot Rømain exactly @Justin (doubled1c3) @Maison Maison Sorry mb adli @Maison Yeah we will monitor all the transaction and assure that everything is OK Justin (doubled1c3) do you have any North Americans on your team right now? adli Not right now Maison Ah that means if someone tries to use it on online casino you can block it? cam (og) Couldn't I buy infinite ark on loop with your product if I find a service that sells for ark with no mark up? :trollbounce: adli @Maison Not that way, we don’t want to censure you. You wan get back your token, but me must keep an eye on your loan capabilities to not liquidate you. Justin (doubled1c3) @Maison question unclear, why would you send FIAT to an online casino if you're not supposed to? adli @cam (og) You can try but I think at the end it will be SFYL :wink: Rømain @cam (og) Inception style Maison Some people try to get rid of their debts the quick way Justin (doubled1c3) Does your customer gain more lending power as their reputation with you gets better and better? Does the loan always have to be fully collateralized adli Nop, the lending power is only calculated on an asset basis We don’t want to take any risk on that, only secured loan and secured debt Justin (doubled1c3) OK thanks for that answer! Rømain Fees can be lower with a upper membership though Justin (doubled1c3) What would be the smallest loan amount you would service? In theory adli No minimum in theory Justin (doubled1c3) OK adli If we have payment capabilities and e-money capacity it will be even easier the limits are only the membership acces you sould hold some company token to be part of it and use the services Justin (doubled1c3) Now I understand that the KYC and registration is very manual, lots of human work. After that process, how automated is the process for getting funds and doing loans? Are there lots of man hours each time, or is it more automated? adli For the moment, we made improvements little by little But obviously, we want to automatize the process. We are in talk with KYC firm, custody firm and some payment middle-back office company. mike what does the Ø stand for? Rømain We also have some NDA with KYC companies :slightly_smiling_face: @mike Ø can stand for a lot of things, your imagination is your only limit. Our vision is about the Origin, because the Origins of the banking system in one of main inspiration for us mike thanks, been wondering that since first saw it a few weeks ago. adli So everything should be the most automated possible. But if we must be a little longer because of security, we will always take security issues in priority. For example, cold storage is more difficult for automation, but as our services is on hold token, it should not be a problem if the withdraw take a little more time for security purpose. Justin (doubled1c3) Thanks! mike like the idea a lot adli @mike A world were bank was not fractionnal for example :trollark: Justin (doubled1c3) Get ready to be asking your final questions everyone! adli thanks again for your interest :slightly_smiling_face: votequimby good AMA! Rømain @mike you can find more info about our definition and inspiration of a ‘Crypto Union’ here https://medium.com/ocryptounion/what-is-a-crypto-union-cd118004bae3 (edited) mike yes, there was a private gold bank which used to make fiat loans using deposited gold as collatoral from the 70s through the 90s Justin (doubled1c3) I'm going to ask the final final questions in 5 minutes, does anyone have any more questions for the OCU team? Rømain Indeed, before that The Medici Bank is also another inspiration for our ideas adli We want to use the most modern ways to do banking but with the principle of original banking. Only real asset, cooperative system, usefull and not crazy :slightly_smiling_face: mike any chance the interest rate can vary accoding to the reserve chosen to reflect risk, like choosing 20% reserve givers lower rate than choosing 40%? Justin (doubled1c3) ^ great question adli We haven’t thought it that way, but interesting idea, thanks ! We will keep that in mind :slightly_smiling_face: But you’re interest is only on your expenses not on your loan capability If you only spend $20 fiat value and have capability of $4000, you have only interest on the $20 Pay interest as you go :wink: mike yes, one major risk area is if a flash crash causes liquidation below the 40% reserve, and can also cause forced liquidation when the price actually rebounds back above. Justin (doubled1c3) Right we completely forgot that your borrowing power is available in a debit card, not FIAT given into a bank Mentioning this for the reddit log mike it;s more of a line of credit as they said adli Yeah, that’s why we have financial engineers to make the best model possible and we will let you know what is the risk. But we want to only have secure loans @Justin (doubled1c3) Yeah, we are in discussion and in process to have a lot of payments facilities ( debit card, e-money wallet, and other) Justin (doubled1c3) Excellent, now we will ask the final final questions and close this great AMA! 1) When launching ARK delegate node? 2) General guess, when able to issue loans to first customers? 3) Do you have a twitter? adli 1) We doesn’t have a date for that, the most important is to permit our user to start the beta and try spending. mike the interest rate for loans backed by a given coin should reflect the volatility of the coin and accompanying risk adli But as soon as we can and we have structured it 2) We already have issued loan for a few beta users Rømain 3) Indeed we have a Twitter, you can find us there with the magical writing of @Ben Sunderland https://twitter.com/OCryptoUnion (edited) adli And we will keep like that till we have a fully regulated entity that can make loan we do not want to be Icarus We will take the necessary time to give great and safe services but we try to go as fast as we can Justin (doubled1c3) Many thanks! This is going to be a really cool partnership and we're pleased to have you with ARK. Let's all thank the OCU squad! Please guys, on news, feel free to post in our reddit if pertaining to ARK users as well adli For Ark the first customer should be in the middle of September mike ØCU... adli Thanks for your interest, questions and the invitation ! Justin (doubled1c3) clearly I'll have to configure a macro key so I can type it hahaha adli See you soon :slightly_smiling_face: Anna Thank you everyone, we had a great time-sharing information with you. We will make another AmA session on our Discord (https://discord.gg/scuTtCm) on Friday, same time. We hope to see you there! If you have any private request, you would love to talk about it with you in DM in this Slack or in our Discord :slightly_smiling_face: (edited) mike thanks, good meeting you all. Justin (doubled1c3) Excellent! Adding your discord to my list now Rømain Thank you everyone, we are available nearly 24/24 on our Discord :wink: Ben Sunderland Thanks everyone ! ( to type 'Ø' hold 'alt' and type '0216' ) ! :wink: Justin (doubled1c3) OHH thanks Ø! alessio (delegate 'fun') alt-shift-O on a mac :stuck_out_tongue: adli And a little new, we are are now on coingecko :rocket: if you want to follow the token. (it is GXE) Justin (doubled1c3) the token is GXE adli Ø-Ø absolutely Justin (doubled1c3) all right everyone, this AMA is done! Great one. Let us all now return to our trading alts discussion, the MACDs and the RSIs and the Ichimokus, cheers!
By Request: IAmA former Slot Machine Technician, AMA
This is in response to this thread: http://www.reddit.com/IAmA/comments/os8xb/iama_request_casino_slotmachine_technician_o I will post verification after I eat dinner, I am just now leaving work. I will also post a quite technical explanation of how slot machines work when I get settled down at home. For now, this link will have to do (I wrote this a couple years ago): http://fatboy.geekside.com/misc/slotmachine.php I worked at a casino in Indiana, not Las Vegas, but most of the slot machines you'd find in Vegas, you'd find at the casino I worked at as well. Answers to the original questions: 1) It's completely random, though there is a minimum theoretical payback percentage of 80% according to Indiana State Gaming Commission (note: Theoretical is not equal to actual). Yes, some games are programmed to "hit" more than others, but that's only a theoretical percentage that changes, forcing a hit frequency is illegal according to the state. 2) No, but technically the theoretical percentage changes when you have networked progressive machines, but I will expand on this later when I get home. 3) See answer 1. 4) Some machines have bonus games where you can set the theoretical percentage, some are just included with the game's overall percentage. This will also be covered more in depth later. 5) No, slot machines are all based off math. I hate sounding like a broken record, but I will expand on this as well when I get back home. Please, ask me literally anything. I've seen / heard some crazy stories at the small casino I worked at. This is a call to any math gurus out there: Some of the math will be pretty involved here, and while I can explain the most of it that I'll be discussing, I wouldn't mind some helping explaining some of it to others who might not understand my interpretations. Edit: Here is my verification: http://imgur.com/TbB3T So here comes the technical part of this and it might get a bit lengthy. Definitions: Theoretical Percentage: A theoretical value of how much the machine should pay out. This is usually referred to as the "PAR". Actual PAR: How much the machine actually has paid out. Note: this can not be forced, according to the Indiana State Gaming Regulation (and none that I have heard of, but I'm not a law book either). Coin In: How much money has been bet, this was derived from old "coin" machines when you still had to put coins into a slot machine. This is not the same as "Bill In" which referrs to the amount in dollars that has been put into the slot machine. A quick explanation: You can put in a $20 bill, and as long as you keep winning money back, you can keep betting more money, that eventually totals over $20. This amount of money is the Coin In. Physical Reel Stops: Each symbol on the reel is a "stop." Typically due to size ratios most physical reels have 22 symbols (regardless of the width of the reel). If I'm wrong on that number, I apologize, but it's what I seemed to notice (though I might have been inadvertently looking at the same manufacturer). Virtual Reel Stops: A set of virtual stops that correlate to each physical stop. Say you have this order on a reel: Cherry, 7, diamond, blank, bar. A virtual reel might have 7 cherries in a row, then 2 7's, then 18 diamonds, 12 blanks and 5 bars. So my best way to describe that is imagine a really big physical real with those symbols in that order. Total Combinations: How many possible combinations can be formed from the virtual reel strips., this is the product of the amount of virtual stops on each reel. If the reel 1 = 30 stops, reel 2 = 54 stops, and reel 3 = 79 stops, then total combinations = 30 x 54 x 79. I've seen some slot machines with total combinations of over 10 million, and only one of those combinations is the "jackpot." Progressive Machine: The type of slot machine where the jackpot keeps growing (or progressing :P) PAR sheet: Paytable and Reels. This is a sheet with a table of information about the specific game on the slot machine. Typical information includes Theoretical PAR, hit frequency, total combinations, Physical Reel Stops, Virtual Reel Stops, etc. Think of a slot machine with a crazy high amount of sides on a die. You can calculate your odds based off how many sides there are total (let's say to keep it simple 100 sides), compared to the total amount of money you could win back from all those sides. If the sides paid a sum of $97.00, and you paid $1 for each roll, you'd get a 97% theoretical payback. If that was a bit much, try this: Let's play a game. You give me a dollar, I flip a quarter. If it lands on heads I give your dollar back to you; however, if it lands on tails, I get to keep the dollar. I would expect to land on heads 50% of the time, and tails the other 50%. If we played this game 10 times, you would get $5 in return. This has a 50% theoretical payback. As you may know, you could very well land on heads all ten times in a row and get 100% payback, or land on tails and get 0% payback. Multiply that on a much larger scale. Every press of the spin button is just like a new roll on a die (as in: the past roll does not affect the previous roll). So wait, since these are virtual reels then how do we know what the symbols correlate to? This answer is quite easy: The spin button tells the computer inside the slot machine that a new spin is happening. The computer picks a random number, that random number is what "combination." This combination is then correlated from virtual reels to physical reels, and the computer (via optical sensors) tell the reels where to stop. The display then shows the player how much money (if any) that virtual combination won, but if you look at the reels, it would still be 2 cherries, or 3 bars, or whatever the winning combination might be. I apologize if I was a little vague with that, let me know and I will do my best to explain in better terms. Bonus games: Some of these have their own PAR to be set to, some are just factored into the game's PAR that you set the machine to. Generally bonus games are a cheap way of making the player feel like they won anymore than they would have if they would have kept playing the slot machine regularly. Progressive machines: These machine will add x% theoretical payout to the overall PAR of the machine, since the "$150,000 jackpot" will add to the overall payout of the machine (albeit only once in a very long while, mathematically anyhow). When you tell the Gaming Jurisdiction the Theoretical PAR of a slot machine, you need to tell them the Game's Theo PAR, the Progressive PAR, and a sum of the two. The Indiana State Gaming Commission requires the minimum Theoretical PAR to be at 80%, and no greater than 100%. I am available to answer questions, I will check on this periodically throughout the evening / tomorrow.
Questions and Answers:
Have you ever seen people putting things in the slot machines other than coins? I can imagine some drunk bastards trying to stuff in buttons or something. These days coin slot machines aren't near as common. I have seen plenty of people put coins into the card readers though, that you use for your player cards. I've also seen cardboard inserted into the bill validator (the machine that accepts your dollar bills), plastic, cigarette box wrappers, chewing gum, you name it. Cleaning trash out of card readers and Bill Validators was a real PITA. What is the most extreme reaction you have ever witnessed by someone winning/losing? I don't know, really. You generally see excited screams/crying/jumping for winning, and often will see people screaming (angrily) at slot machines when losing, sometimes they punch them, etc. Just think of your typical extremes of excitement and anger, and you have that answer. Highest amount you have seen someone win/lose? The most I have witnessed that was paid out correctly was only around $150,000. Shelbyville, Indiana is a little city, better referred to as a "podunk town," so they didn't have crazy million dollar jackpots or anything that I can recall (this was 2 years ago so memory might be a little fuzzy here). Do you gamble? Which machine game is your favorite i.e. video poker, games like Jackpot Party, the 777 machines, etc. I don't gamble often, and if I do it is small amounts ($20-$40). I understand the math well enough to know that if I win I just got lucky. Video Poker is actually unique because the rules state how many decks are used and what hands win what amount, thus you can calculate your percentage on the fly. I generally play slot machines randomly though, a few spins on the higher denominations (as the general rule of thumb is that a higher denom will be set to a higher Theoretical PAR), and if I win some I cash out. I will generally try to win $40-$50 and buy pizza for the group I'm with, because they generally gamble all the money they brought away. How long have you had this job? I had that job for 2 years. What is the craziest thing you have ever seen in your casino? Crazy? Probably some of the people and their rituals. Funny? Probably the guy in a motorized wheelchair who backed away from his machine, hit a chair, then flipped the scooter over and fell out. Awesome? Probably the 3 way make out session from girls in the club the casino used to have; or this one girl liked to not wear any underwear and come in wearing a skirt, then anytime a guy walked buy she would uncross her legs then recross them (so if she's sitting right over left, uncross and go left over right). Have you ever witnessed someone cheating (I'm guessing slots are pretty impossible to cheat on, but just curious). I've witness people try to fake ticket validation (when you cash out of a slot machine you get a dollar bill sized ticket that can be redeemed for cash). I caught that pretty easily though and he got arrested. I have run extensive testing on various machines in the casino (such as the electronic blackjack table) due to such allegations of inaccuracy, but I can assure you, the electronic tables Indiana Live had were pretty legit (this is not advertising, I hated working at that place). Have you run across any Japanese machines made by Sammy or Aruze/Universal? If so, what are your opinions and insights? I have not. I will say that IGT has some really awesome machines though. I read that the machines with the best payouts are either in elevated areas or near main lobbies, or any place with a lot of traffic. The idea behind this was that the casino wants you to see people winning. Conversely, the machines near the table games were said to have lower payouts since the casino doesn't want the table players to complain about too much noise. Do you know if there is any truth to this? Typically at the casino I worked at all of the main lobby areas, entrances, etc. all had a typically lower payout than the same slot machine of the same game. The logic was something to do with when people first get into the casino they don't care about the payout, it's more about the fact they get to play. The machines around the electronic tables that casino had (they were not allowed to have real cards/chips/games due to Indiana Gaming Regulations for Racing Casinos - "Racinos") were at a significantly lower percentage, but this was not due to noise. The idea behind this was that when people stand in line waiting on a spot for the table to open up, they'll drop a $20 or more into the available machines around the tables. This was the case for all the popular machines as well (such as Wheel of Fortune, Jaws, Wizard of Oz, etc). Have you or your peers ever encountered or discovered an exploit within a slot machine that allowed for cash to be withdrawed without playing fair or anything of the sort?\Not quite what you are thinking of, no, however there are some instances I can tell you about of incorrect payouts, etc. 1) A progressive jackpot for $100,000+ was hit one night. A Slot Attendant (the supposed-to-be-friendly customer service people that walk around and pay people their money) was getting ready to fill out his Hand Pay slip (if you win $1200+ then you must be paid by the cashier as $1200 is the tax limit in the state of Indiana) and noticed that the combination on the reels was not a winning combination, however, the machine had said he won. I was called to the machine to investigate this issue, upon doing a reel test (where you tell it which symbols to line up and it lines them up as they should be) I noticed that one of the reels was incorrect. The reel strip had been moved by a few symbols away from the "home position." This is generally due to people not putting them on right from the start of the slot machine's life, or an error while cleaning the strips (they do get dust on them after so long, so part of the Preventive Maintenance process was cleaning these with a damp rag). When setting up a slot machine for the first time it must pass rigorous testing from the Gaming Commission, and the test apparently passed then. We checked the log inside the machine and noticed just a couple weeks prior the slot machine had been PM'ed. Needless to say, the customer got paid out anyway. 2) One time a progress for $93,000 hit, pretty much same events as the previous story of how I get called to the machine. Upon reviewing the settings, I see that a second level progressive (which is usually MUCH lower than the highest level progressive) was set to the same amount as the top level, but for a much easier combination (by comparison to the jackpot winning combination) was set to hit it. I found this while the VP of Slots was down investing the issue as well. We again went through the log and found which supervisor and technician had worked on the machine and both of them had actually previously been fired to this event happening. This customer also got paid out without any further issues (though the VP was quite upset that we had to pay the customer $93,000 due to this size of an error). The best part about that error: The casino should have been fined for that, since the machine's PAR was actually a higher percentage than the state was aware, since the game was configured incorrectly. This slipped through the testing process because hitting the 2nd level jackpot award isn't exactly frequent (it had been nearly a year since the machine was setup that way). 3) One way of tampering that I was actually mentioning in my OP (where a guy ended up arrested) was photocopying his higher value tickets (say redeemable for $300+) and then cutting the barcode off and taping it onto a $20 ticket. He then runs this ticket through a slot machine. The machine only reads a barcode, so it was not aware it had been cut and pasted. This genius then decides to take his $300 ticket to the cashier and say "hey this machine won't give me my money for my $300 ticket." I happened to be the tech to receive the call to go open a cash box (which also required a security officer, a Slot Manager, and Bank Manager) to investigate this dispute (I hated doing cash box runs unless they were really heated disputes because you basically stand around with your thumb up your ass; but the heated ones are always fun to watch the Gaming Agents put the unruly guests in their place). Needless to say, I laughed out loud when we pulled the ticket with the cut and pasted barcode out in front of the dude's face (they had previously pulled surveillance footage to see this same guy cashing in the false ticket in a slot machine). They hit him with a few charges. Can you help explain the mentality behind someone wanting to bet against a computer designed to take your money? I just don't understand the appeal. If I'm gonna gamble why not have fun and play some table games, at least light your money on fire in an exciting way. I truly cannot answer that question. I think it's the excitement that you have a chance to win that much money, and some people convince themselves that they will win it. There are a lot of idiot "Professional Gamblers" out there with outrageous claims. Which vendor do you hate the most? Ballys, IGT, Williams, Rocket, MGAM, Western Money? Or, all of the above? Wow, out of the list you gave me that's hard to answer. I honestly enjoy the IGT and Bally product. I feel that I knew IGT the best, I got very into learning the various AVP platforms they had (Advanced Video Platform, not Alien Vs Predator). I liked learning the older stuff too (the S2000 which had big ol' EEPROMs). Bally seemed to be the easiest to work on universally, but that's only because most of the machines were newer, so it's like working on IGT AVP and up machines. The IGT S2000's became pretty easy after awhile, but they took some getting used to. Williams actually used to be with Bally so a lot of their software was very similar, but the layout of the Williams machines just peeved me; for example, to change the "backplane" or "bulkhead" (or 30 other names for this part) in a WMS Bluebird or Bluebird 2 you have to remove a fair amount of components that are in the way. It's just bad design. It was this way for an IGT S2000, but that machine is also really old (whereas a BBU is only a few years old, maybe up to 5 or 6 years old now). The over all slot manufacturer I disliked the most: Aristocrat. The machines were so inconsistent with operations, the RAM Clear (the equivalent of a reformat) was a PITA until you got the hang of it, and so many themes were developed without proper testing and would be revoked and/or updated like crazy. The over all company I disliked most due to their technicians: ShuffleMaster. The technicians I interfaced with there knew about as much as my grandmother who doesn't own a computer. Funny story about good ol' ShuffleMaster: Vendor Tech comes in to work on the table. This table has a server and the rest of the stations are clients (pretty simple, right?). As he's working on the server, all the clients pop up a "Not Registered" to the LCD screens of where you put your player reward cards. I inform him that he must have set something wrong otherwise that wouldn't happen (This error means 1 of 4 things set in the options does not match what the main casino's Slot Accounting System's database for that slot machine). He kept assuring me he was reading the instructions and setting them line for line. I end up looking at these instructions and replied "Chris, you're on the wrong page." He threw his arms up telling me to do his job and stormed off to the soda fountain. I despised this guy, and the other 3 dimwits they would send if he couldn't come were just as bad. I feel no remorse for somebody in a technical field who cannot even follow simple directions. To be fair: I really didn't like most of the technicians I worked with, including Vendor techs. For awhile, we had a bally technician that was quite knowledgeable. I wouldn't call him smart, but he could give me knowledge which would usually end up helping me out. All of the IGT guys except one guy that I got to talk to one time were no better than the ShuffleMaster tech I mentioned. The aristocrat tech actually knew the procedures he was to know, and I suppose he wasn't too bad at troubleshooting, but when it came time to feed knowledge he was horrible at it (so I feel that he was only "good" at his job due to time spent in it, not actual comprehensive ability). The one Konami tech I got to talk to seemed to know what he was talking about, but that was also a one time thing. I just got annoyed pretty quick at the amount of vendor techs I interfaced with that just had no clue what they were doing, but that's going to be prevalent in any industry, not just the casino. How does the computer equalize the odds? The cold hard truth: it doesn't, and that's why I said to look for a machine that's been paying out over 100% for over a month with thousands of games played for the duration(s) you are checking (that means for whatever reason that game has some sort of error, most cases it would be a set-able jackpot amount (progressive) since games won't just error like that). The best way to explain how this happens: Think of flipping a coin again. I don't know the exact probability here, but there's a good chance that if we flipped the coin 1,000,000 times that we could see it land on heads 10 times in a row. Now, normally if I were to say "I'll flip this coin 10 times, and it will land on heads everytime" most people would say "No, but the probability is 50/50, so that's not right!" The thing to understand here is: The smaller the sample size, the harder it is to produce consistent results. I don't argue that it might take some time to flip a quarter 10 times, log the results, flip 10 more, log results, etc and have one of those "sessions" be all 10 heads (whereas a sample size of 1,000 flips it might show 10 consecutive heads fairly quick). Anyhow: If you get 100% heads the first 10 flips, then an exact alternating heads/tails the next 999,990 times, the truth is that you'd be awfully close to 50/50 (49.995%/50.005% to be more precise). That is "how slot machines equalize their odds." They don't ever really pay out more the next spin to compensate for losing money from a previous spin. The best way to truly understand slot machines is to understand probabilities. I'll re-explain my explanation in the OP a bit: We have a 6 sided die. If you land on one, three, or 5 I'll give you $1. if you land on 4 or 5 I'll give you $0, if you land on 6 I'll give you $3.50. This is a total of $5.50. If you were to pay a dollar to roll the die, out of the total combinations (6) you have a possiblity to win (at most) $5.50. If you take (5.5/6) x 100 you will see this is a total of 91.6 repeating percent. We could roll the die 6 times and you might have $0, or you might get $21 ($3.5x6). If we played this game 1 million times though, the probability won't be 91.6666666667 percent but it will be really close. The slot machines have to past a test of 10,000,000 spins and be within an acceptable threshold of the PAR. I believe the threshold for Indiana is 0.05%; I know this is the case for telling the State's slot machine inventory system (that's not an accurate phrase but the best I could come up with), but not sure if that's the threshold for doing the testing.
Techracers to Launch Blockchain Based B2B Online Casino Platform
For anyone who enjoys the excitement of iGaming, online casinos are a spot-on experience. Online casinos offer their players with casino games on a virtual or internet-based casino platform. Often considered a form of online gambling, online casinos are an increasingly popular choice among the millennial generation that prefers to enjoy anything and everything on the tap of a finger. Another factor that backs this popularity score is that online casinos offer higher payback percentages on games as compared to land-based casinos. With the advent of technology, online casinos are getting acceptance among players of different age groups. Particularly talking about blockchain and cryptocurrency, many online casino providers are curious about implementing these in their casino softwares due to the remarkable benefits of this technology. Blockchain for online casinos is getting higher rate of acceptance as it provides the benefits of privacy, transparency, fairness as well as accessibility. Read More Here...
Podcasting is so dang hard, which is why you should start one today
I'm going to give you a few reasons for why you SHOULD and why you should NOT start a podcast. Reasons why you should NOT start a podcast Audio is actually easier than video - at least, most forms of face-on-camera videos, because if you're going to be in the video, then you have to think about your clothes, hair, shaving, or makeup, lighting, are you going to do it indoors or outdoors. If you're doing it outdoors, are you going to use just natural sun light, if yes, then if you shoot for an hour or two, then you'll see the lighting differ in the final output because of clouds and the position of the sun itself changing, all of the outdoor noises that you have to consider because I don't know about you, but the second I walk into my backyard to shoot a quick 3 minute video, it feels like the entire universe conspires against me. And my neighbor, who probably hasn't mowed his lawn in weeks, comes out of the blue and starts his lawn mower or leaf blower. Another neighbor down the street starts doing some construction work, all of the kids come out to play, especially the cute little ones with such high-pitched screams that only your dog can hear it. Of course, your mic picks up EVERY thing, including the A/C unit in your own backyard going off all of a sudden. But think about how many talking-head or face-on-camera videos a typical person creates over their lifetime. Probably not too many, unless they're doing the occasional sales video for their web site. That number is however tripling by the day thanks to Facebook Live and Instagram and Snapchat and what not. But still, that's still a very small percentage. Of course, there are those casual screencast and how-to videos which are actually easier to produce than a typical podcast, because of the long-term commitment that a podcast brings. So don't compare audio to the much harder face-on-camera videos. We're going to compare creating audio - or a series of audio files - as in, a podcast - we're going to compare creating a podcast all the mostly written-word blog posts and Facebook posts and Instagram posts and Medium posts that you would create. So in spite of what some people selling you a course about podcasting would have you believe, Podcasting is actually way harder compared to most other form of content generation. And I'm not talking about just the tech or the creation and publishing here. I'm talking about the overall process - the overall impact a podcast would have to your bottom-line in the short-term. Oops, sorry. I shouldn't have used "short-term" and "podcast" in the same sentence. Lol! So for a typical half-hour podcast episode, it takes me at least 4 hours of time, from start to finish. And that's with my pretty fine tuned process, which I've kind of honed down. And it's about to get even better, as I get ready to turn over my podcast editing to my 14-year old son Rohan, who is now pretty darn good at audio editing, and has been professionally editing and managing podcasts for about 3 clients this past couple of months. By the way, he even has his own podcast, which is a movie and tv review podcast. Check it out at ZombiesHeroes.com Now, most people may not be able to afford, or may not WANT to afford the fees associated with outsourcing their show's editing, because it can be anywhere between 10 dollars to 50 dollars per episode. And even if you say it's only about 20 dollars, for 4 episodes a month, that's 80 dollars for a podcast that's probably not going to be making you any money for a while. Throw in professional hosting for about 10 dollars a month, and if you outsource show-notes writing and uploading your content and creating a blog post and stuff, you could easily end up paying around 200 dollars a month in total for about 4 episodes worth of work. So most people I know end up trying to do it all themselves. Which would easily take them between 3 to 5 hours a week. And it will probably take a little bit more time if your show is longer than 1/2 hour, or you have multiple hosts, or you have a guest on your show, and so on. Starting with a solo show, the more layers you add to it, the more time it takes to publish the show. There's the preparing for the show - like the main topic, bullet points for what you're going to talk about, figuring out the different segments, then getting set up, and if you have a co-host, then the collaboration and discussions between the 2 or 3 of you, then the actual recording, then getting all media together, intro, outro, any ads or calls-to-action, then editing it, mixing it to make the audio sound really great and balancing of audio between the different audio segments and co-hosts and guests and such, writing the episode subject, description, the episode artwork, creating the ID3 tags, then taking the final version, uploading to the podcast host, and setting it to publish. If you thought phew, that sounds like a lot of work, then I have even more bad news - because simply publishing it on your podcast host is just one major piece of the puzzle. There is still the work of creating a blog post for this, and formating the content, deciding what your show notes are going to be, and then writing them - is it going to be a word-for-word transcription, or a nicely written summary with bullet points that gives a really good idea of what the show is, without spilling all the beans, so to speak. And even after you do that, it's still not over - the hardest part that still remains - promoting your show. Yes, you will have to market your podcast. Just like you have to promote your web site, or product or service, or online course. And now comes the dilemma: If you have an online course, for say $27 dollars. If you decide to run paid ads driving traffic to your landing page, then you put them in a funnel, offer a lead magnet to get them in to your list, send them emails, and finally, some percentage of them will convert and buy your course. So you can actually track the return or investment - or ROI - for your campaigh. I drove 100 people to the site at 50 cents a click. So I spent 50 dollars, brought in 100 people to my offer, out of which 5% went on to buy my course at $27 a pop. So spent $50, made $135. a profit of roughly about $85. I say roughly, because you may have other expenses, like the credit card processing fees, someone managing your ads, someone working on customer service or tech support, etc. Let's put all that aside. But I can still calculate a tangible return on investment - or even if I lose money, at least I can track that too! With a podcast, the hardest thing to do is tracking your return on investment - whether that investment is just your time, or also your money, or also your effort. You can NOT easily tell how well your podcast is working for your business, because it is a long game - like, a really long game. More like your retirement account that you won't be getting a penny from any time soon. There's always going to be those who have an existing audience - like an existing list, or a lot of fans on social media and so on - that they can leverage for their new podcast. But for most people, they won't have an existing list or an existing audience on social media. Which means, you really have to get creative in promoting your podcast. Try to be a guest on other people's podcasts, create content marketing pieces that promote your podcast episodes, take out paid ads, exchange ad spots with other podcasters, and so on. There are a lot of ways to do it, but there isn't just one thing that you can do - like buying a lot of ads and tracking the return on investment, and then tweak your ads based on your conversions. That's because there simply aren’t many tools right now to measure a lot of the key metrics – like how many people that downloaded your episode actually went on to actually listen to it, how long did they listen, where did they stop listening, and so on. The ability to track ROI on paid advertising when it comes to converting clicks to listeners to subscribers – a lot of that is not possible right now with podcasting. Which is why even big-name celebrities with a built-in audience and platform, end up quitting their podcasts within a few episodes, because it is a LOT of thankless work. Take my own podcast at SubscribeMe.fm - I have published 60 episodes so far. So let's say an average of 4 hours for me, start to finish, from concept to notes to recording to editing to promotion. That is 240 hours of work so far. Probably way more because in the beginning, it felt like I spent close to 8-10 hours, but who's counting, right? ;-) Now, my episodes get pretty decent download numbers - no complaints there. And the average podcast gets only about 220+ or so downloads, according to Libsyn's "The Feed" podcast. My show gets WAY more than that. So as an entrepreneur and businessman, I do occasionally have to ask myself: Is this the best use of those 4 hours of my week, or could I be doing something different - or better - with it? On some level, I feel that if had used those 240 hours on creating an online course, or improving some of my software products, like CoolCastPlayer.com or some of my other WordPress plugins, that would have certainly had more tangible results. Like, it would have surely resulted in noticeably more sales, which means more revenue, and the features that I add or the course I create, will keep selling for years and years to come, and once the creation process is over, I can just buy ads and track conversions and clicks and ROI, or I can recruit more affiliates who will promote the course or the product for me, which in turn increases sales and revenue. But with a podcast, you cannot track conversions, because while you can track how many clicks you sent to iTunes or Stitcher, you can't really know how many of those specific clicks went on to listen to your show, or subscribe to it. A lot of it is guesswork at this point. With an email list, you send out an email, and within a few hours, you can see results - you can see clicks on your links, visits to your web site, and you probably might have gotten a few sales even. But with a podcast, it's different - people are listening to a podcast while they're out and about - on a run, walking their dog, doing the dishes. And if you have a call to action in your podcast, then the conversions on your calls to action will be way fewer than if it were sent in an email. People have to get back to their desk, which they may do hours later, and then they have to check their Facebook feed, respond to emails and support requests, put out some fires, respond on Slack or Skype, and by that time, they've probably completely forgotten about that call to action you mentioned at the end of your podcast a few hours earlier. There is a lot more to why podcast tracking is so much harder than with most other mediums - like even YouTube gives creators such phenomenal stats, but the podcasting industry is still evolving. But the bottom-line is this: Podcasting is hard. Really hard. Churning out great content week after week, the research, the editing, the uploading, creating a page for it on your site and optimizing it, then promoting it... all of that is hard. You can write a blog post in chunks, over a period of time. You can't record a single episode over several days, because the sound quality will not sound even or consistent. You can get a ghost writer to write your content marketing pieces, but you can't outsource your voice - you have to do it yourself, even if you outsource the research and editing. You can go back and edit a blog post over and over again and keep adding to it over time. It's not easy to add to a podcast episode - you can technically do it, but it's not as simple as editing a blog post. Podcasting takes a lot of passion, knowledge & persistence to do it long-enough and well-enough to build authority and influence - and most importantly, a lot of marketing – to get the word out and build a legion of raving fans. And now we get to the best part... Having said all of those things about why podcasting is hard, I'm not going to do a complete switcharoo, and tell you that those are the EXACT reasons why you SHOULD start a podcast. Reasons why you SHOULD start a Podcast} Guess what? If it's hard, and complicated, and takes passion and knowledge and persistence to do it, then here's some GREAT NEWS: Most people aren't going to bother to take on all that work for such little or slow payback! Most people want instant gratification. Most people want to win the lottery, or win a gamble, or win at a casino. Most people don't care about investing money in a retirement account that they can't take out for a long time. That's not how most people's mind works. And that's where you and I are so darn lucky, that not everyone can do this. Most people will not have the knowledge, or have a message to spread. They won't know what to say. They may not have enough to say it for weeks and months and years together, week after week, month after month. They won't have the marketing savvy to know how to promote their podcast. They won't have the patience to understand that this is a long game. They won't have the persistence to put a lot into it upfront without seeing immediate results. They won't spend the few dollars it requires to buy one of the cheapest and best mics, the Audio Technica ATR 2100 (I use and love the Blue Yeti, btw). They won't pay the 5 dollars a month for professional hosting. They won't pay a few dollars to buy an awesome podcast player plugin that they can put their entire podcast feed front-and-center on their web site - like I've done on my podcast web site, and promote it right on their home page, and create a separate blog post for each episode and put the player right at the top of each blog post, so that every single person visiting their web site can quickly and easily sample their show. They basically won't optimize their podcast web site for their own podcast! I heard somewhere that there are about 2000 blogs for every podcast. Which means, when you start a blog, you are competing with 2000 times more competition than if you were to start a podcast. So the opportunity is wide open. And while it is getting easier to start a podcast, that doesn't necessarily mean more competition, only because there will be a lot of people coming in with unrealistic expectations about results and how much money they make from their podcast and how much fame and recognition they will get from their show. And they will probably fall flat on their face, because podcasting is not a business model. You can't start a podcast with the sole intention of making money from sponsorships. Thinking you can make a full time living some day just from the money directly earned from sponsorships on your podcast, is the biggest myth. Podcasting is not a business model - it is a content marketing tool. So just like it is going to be super hard to make a living off of just ad revenue from displaying ads on your blog, it's super hard, and nearly impossible to make a full-time living from just ad revenue from your podcast. Most people starting a podcast will be too shortsighted to realize this, and they'll quit podcasting sooner than later. From what I've heard, the average podcast lasts less than 10 episodes, before it podfades. Podfading, by the way, is when podcasts just wither away and die a slow, painful death. They don't shut down, they don't totally go away. They just stop publishing new content, and over time, they'll just lose subscribers and listeners and just fade away into the distance. And it makes sense that the average new show puts out about 10 episodes - or 7, from some other reports - before the host quits the show, because that's about how long it takes before it hits you how hard this thing is to keep up week after week, how hard it is to keep coming up with topics week after week, how much time it takes to promote your show, and how slowly it will probably end up growing, and how much patience you need to keep it going. But guess what... What's bad news for the rest of the world, for all those "podfaders", is the best news for you and me. Anything worth doing, is going to be hard. If it's too easy, everyone would do it, and that would kill the marketplace. And if it was insanely expensive, then only a very privileged few could do it - like own a plane, or an island. But podcasting is one of those things which is not easy at all, but it's not expensive either. Podcasting is juuuust hard enough... and cheap enough... for those persistent few of us to get in the game. It is cheaper than most hobbies - like golfing, or tennis. It's actually even cheaper than what the average person spends on entertainment - like Netflix, Hulu, HBO, Showtime and Cable TV subscriptions. And that's why you and me and the persistent few of us who start and run a podcast, are one day going to enjoy the fruits of our passion. We can be like Tim Ferriss who gets millions of downloads per episode. He puts out a book and it sells millions of copies. Product launches, charity fundraisers, social media interactions and likes and comments - whatever you name it, you can get truckloads of it. Because you will have that kind of a fan-following. Again, you don't have to have millions of downloads. Keep reading and I'll explain. And that's why podcasting is special. When it comes to the ability to connect with people on a deeper, personal level, Audio is second only to Video. But with all the ways already invented every day to interrupt, annoy and distract people – TV, Netflix, YouTube, Facebook, Twitter, Snapchat, Whatsapp, Hangouts, and on and on and on… and more ways being interrupted every day, podcasting, in some ways, has become the single most powerful, relationship- and fan-building tool there is – even more so than video. Because guess what? You can’t be driving and watching a YouTube video - well, I guess you could, but if you did, then you probably wouldn’t be well enough to be listening to me right now, would you?). You can’t read an online article or a book or a blog post or a PDF report, when you’re driving to work, or walking your dog, or at the gym, or doing the dishes. You can’t listen to the radio show that you want to, when you want to. Whatever is playing when you get into your car is what you have to listen to. Even with expensive Satellite radio, you only get more channels, but you don’t get the channels on-demand. You can’t get a show on satellite radio to start when you’re ready for it - you still have to listen to the shows on their clock, not on yours. Podcasts can go "where no other media has gone before", so to speak. The people talking on the show – whether they are making you think, laugh, cry or learn – they’re in your ears, talking directly to you, they have your fullest attention, you are focused in on their voice, even if you’re performing a chore. You chose the podcast yourself. No one "spammed" you with that podcast. No one signed you up for it without your permission. There was no “popup” or “malware” that forced a podcast episode into your ears. There was no “Nigerian Prince” who asked you for your iTunes id so that they could auto-subscribe you to junk shows. There were no fake billing department calls from Dell asking you for your credit card, so that they can charge you for a podcast – oh wait, that’s right – podcasts are free! YOU chose to search for a podcast. YOU went out and looked for it. YOU voluntarily listened to it, maybe multiple episodes, maybe you even subscribed to it and have it automatically downloaded every week. YOU did all that – yourself. And you got to listen to the show of your choice, with the topics of your choice, when and where you wanted to listen to it, listening to it when you simply had no other way to entertain yourself, or learn something, or become a part of a movement. Where Podcasting shines, is its ability to indirectly impact other areas of your business - like developing more Authority, Credibility, Expertise, which could all be used to get speaking gigs, coaching gigs, consulting jobs, to drive awareness and traffic to your other products and services, sell more books, build a list, etc. Only a tiny, MINISCULE percentage of podcasters will actually end up making a full-time living just off of sponsorships on their shows. So if your goal is to make a lot of money with sponsors, then you’re going to be disappointed. But you would be better off using your podcast to build an audience, build your brand, and market yourself, your products, books and services. No matter what the most famous copywriters will tell you, you simply can't form the same kind of relationship and bond with the written word - at least most people can't. Ok, we're not talking about writing a book and becoming super famous - like Stephen King or JK Rowling or Seth Godin. We're talking about the average person writing a blog or a Facebook post or a medium post, versus creating a podcast. There's something absolutely magical that happens when you put on your headset, tune out the rest of the world (watch out for traffic though, especially if you're on foot, lol) or connect your phone in your car, and listen to someone talk passionately about a subject you care about, for 10 or 30 or 60 minutes, week after week. This is why radio advertising was always so powerful, because most people listened to it in their car. When you are driving, can't really do much else, and you're locked into that voice coming out the speakers, and you are listening to that sports show and talk-show or music station, and there comes this host-read ad, or some other ad that grabs your attention. Now... take the power of radio, and turn it on its head, make it 50 times more powerful, and that's what podcasting is. There are just an infinite number of upsides to the kind of relationship that a podcast can help you build with your listeners. And that relationship, can not be, and should NOT be cheapened by thinking about ROI, and conversions, and clicks and subscribers and direct marketing metrics. A podcast is the biggest proof of that famous concept by Kevin Kelly, called "1000 true fans". Where the premise is that you don't need millions of followers to be successful. Just 1000 true fans can make you more than successful, and help you make a full time and even an abundant living from just those 1000 true fans alone. You don't need millions of fans to make millions of dollars. And guess what... the platform that gets you the fastest to those 1000 true fans, is podcasting. I'm not talking about how fast you can reach 1000 people in general. Not talking about how quickly you get someone to read your message, or how quickly you can get someone to take action - like click on a link, in an email or social post or in a Facebook ad - a podcast will fail at all those "quickie" items. But when it comes to gaining 1000 true fans, fans who will buy your books, and sign up for your online courses, and support your kickstarter launch, and leave you unsolicited 5 star reviews on iTunes, fans who will follow you on Facebook and Instagram and comment on your social posts and like your posts within minutes of them coming out... that's what a true fan is. And when it comes to creating your 1000 true fans, a podcast , which is more like the tortoise than the hare, and is the one that eventually wins out against the hare, which in this case, is all your other content marketing platforms put together. And that is EXACTLY why, you should start a podcast today (or keeps your existing one going). -- Ravi Jayagopal My podcast about Membership Sites & Online Courses And to listen to this article online... @ SubscribeMe.fm
Payback percentages are programmed into the machines computer chip and are set by the manufacturer based on the specifications set by the casino. Although playing a slot machine with the highest payback percentage is recommended, it does not does not absolutely guarantee that you'll win more. The advantage of playing on machines with high payback percentages is that, theoretically, these ... So suppose you play a slot machine which the casino says has a 92% payback percentage. If you play $50 in one session and walk away with $40, the payback percentage for that session is 40 / 50 = 80%. If you play the $40 again and end up with a total of $49, then the payback percentage for both sessions is (40 + 49) / (50 + 40) or 89 / 90 = 98.8%. If you continue playing, the odds preset by the ... Printed from the Iowa Racing and Gaming Commission website on January 07, 2021 at 9:26am.Iowa Racing and Gaming Commission website on January 07, 2021 at 9:26am. Find out what slot machines actually returned to the public in all U.S. states. See which states have the best-paying casino slot games and which have the lowest-paying casino slots. Includes slot machine payback statistics for all U.S. casino/resorts, riverboats and Indian casinos. A gaming revenue report for Iowa casinos showing the payback percentages for each casino’s slot machines and also for their table games. If you see “Casino X paid 90.5 percent on slots in May,” it means that in that month 90.5 percent of all money wagered on all that casino’s slots combined was returned to players as winnings. If you see “Casino Y paid 95 percent on $1 slots,” it ... Payback percentages and return to player (RTP) are the same thing, and they refer to how much money a slot machine pays over the long term. Here’s an example. A slot machine has 94% RTP; You bet $100 on this game; 100 x 0.94 = $94; This slot machine will theoretically pay you $94 for every $100 wagered; I stress the word “theoretically,” because slot machines don’t hit their intended ... The House Edge and Payback Percentage Explained. Behind the Scenes of Online Casino Transactions. Baccarat, the Casino Game with the Lowest House Edge. Costs of Casino Games Based in Payback Percentage and Hands Per Hour. Effects of Rule Variations on Blackjack Payback Percentage. A Guide to the Best Video Poker Payback Percentages. House Edge ... The payback percentage is the primary metric that gamblers use to judge the fairness of casino games. Basically, the higher the percentage is the fairer the game is to the player base. It means that the game will be closer to true odds and you will not suffer much from the casino advantage. Of course, you should keep in mind what we said earlier. If a game has a 95% RTP, it does not mean that ... So you might see an ad for a casino that says, “Payback percentages up to 98%!” They’re almost certainly telling the truth, too. They probably have one slot machine in their casino that has a payback percentage of 98%. Of course, it isn’t labeled, so you don’t know which one it is. And in the short run, which is what you’re going to be playing in as an individual gambler, there’s ... Slot Machine Payback Percentages Share PINTEREST Email Print Nivek Neslo / Getty Images Hobbies. Gambling Strategies & Tips Casinos Sports Gambling Poker Blackjack By. Bill Burton . Updated January 04, 2019 The house edge at slot machines isn't based on how lucky the players are, it is based on the pre-programmed electronic software used. And, that house edge varies from casino to casino and ...
Where are the "loosest" slot machines in America? - Part 2
Steve Bourie, interviews gambling author Jean Scott about how she and her husband, Brad, were able to win more than one million dollars gambling in casinos. ... American Casino Guide author, Steve Bourie, takes a look at gaming statistics to discover where the "loosest" slot machines in America are located. This is p... Steve and Matt Bourie, from the American Casino Guide, discuss how to be a long-term winner on slot machines. They explain how most people will have to expec... Hey everyone. First off, this is my home machine so not in the casino. The current payback percentage is set at 95.7%. we get a tremendous amount of bonuses ...