Slot Machines

[Gibsie]

Edit: uhh yes, money belt, not cash belt. Ignore what this post previously said.

[East Street Trader]

There being as many slot machines as there are I would be willing to believe that some very small number of people who play a bit are net ahead over a lifetime. The number who are in net profit among people who play a lot will be tinier still but no doubt there are a couple.

The number of people who believe they are ahead of the game I would suspect to be a whole lot more. Because each losing bet is, by itself, so very insignificant. It will not be remembered. While a decent sized win will stay in the meory for a little while. And a false impression will be created.

If you are a gambler - that is you play at stakes sufficient for winning or losing significantly to affect you - you know that memory is unreliable about such matters and you keep a record of your results.

But I don't imagine someone who just puts a few coins into slot machines would do that.

[Gibsie]

"The number of people who believe they are ahead of the game I would suspect to be a whole lot more. Because each losing bet is, by itself, so very insignificant. It will not be remembered. While a decent sized win will stay in the meory for a little while. And a false impression will be created."

I think you're absolutely right. I've never met anyone who has admitted playing fruit machines a lot but actually losing money. I think a lot of it is about saving face.

[Urban Ranger]

Originally posted by Ming
The basic rules I stated in my first post are based on my observations, and talking to people who work in casinos and know the subject better than I.

We have Dissident here.

[Solly]

This thread isn't about slot machines in casinos.

[Ming]

Slot machines are slot machines... while they may be set up differently based on locations, they are still slot machines

[Sava]

Personally, I don't understand why people would waste money on slot machines or things like video poker. Those are machines where your chances of winning are manipulated and not ruled solely by chance. I am not anti-gambling.... it's your money, do what you wish. But if you are going to gamble, at least be smart and play games where you have a good chance of winning.

[Solly]

That's what good slot machine players do by seeking out and playing the machines that seem to have higher payout rates (ie, in Wetherspoons, or where novices play them).

[*End Is Forever*]

Same reason why you play SWPs in scally pubs...

[Tingkai]

Originally posted by Park Avenue
I think people would have stopped playing it long before the time was up, and thus the manufacturers stop making any money from it anyway. You're all quite cynical! If you know what you are doing, it is possible to make gains on most machines.

Nah, there are always suckers who think they can beat the system. They remember their wins, they forget their losses. And in the end they keep people like Dissident employed.

I like playing slots for fun, but anyone who thinks they can beat a system that is mathematically designed is a fool whose money is soon parted.

[Dis]

Originally posted by Urban Ranger


We have Dissident here.

yes, and I agree with Ming for the most part.

he knows what he's talking about.

Yes machines appear to be hot and cold. But theoretically you can hit a royal flush when the machine is cold. It's just random when a machine goes hot and cold. There's nothing that says a machine will stay cold for a certain amount of time and then start hitting.

For example: you could watch someone lost hundreds of dollars (or pounds) who then gets up an leaves. You can sit down, but that doesn't mean the machine will suddenly go hot any time soon.

[Dis]

Originally posted by Park Avenue
This thread isn't about slot machines in casinos.

where are the slot machines? in someone's house?

[Dis]

Originally posted by Park Avenue
That's what good slot machine players do by seeking out and playing the machines that seem to have higher payout rates (ie, in Wetherspoons, or where novices play them).

good slot machine players are crap.

Learn to play craps. you can make money at that game.

[FrustratedPoet]

Originally posted by Dissident

where are the slot machines? in someone's house?

In pubs and bars. Usually only 1-3 machines per establishment.

[Solly]

There's just a blatant ignorance from the Americans about the kind of slot machines we are on about, I think. They still haven't told us if they what a Moneybelt is, or Fastcash..or Sevenstepper.