Re:How the Daily Fantasy Sports Industry Turns Fans into Suc...
by joezydeco on Wednesday January 06, 2016 @03:52PM
(#10853656)
For example, slot machines in Nevada are only legally required to pay back 75% to players on average
The most important word in Vegas is that last one...average.
As long as all the machines in the house average 75% in payout, the house is in compliance.
What it means for the average player is that the low-denomination slots (nickel, quarter) can pay significantly less than 75%, and by setting a few high-denomination slots ($1/$5/$100) above 75%, everything comes out clean.
So it's an even worse situation if you play the cheap slots.
The most important word in Vegas is that last one...average.
As long as all the machines in the house average 75% in payout, the house is in compliance.
What it means for the average player is that the low-denomination slots (nickel, quarter) can pay significantly less than 75%, and by setting a few high-denomination slots ($1/$5/$100) above 75%, everything comes out clean.
So it's an even worse situation if you play the cheap slots.