Re:Russians Engineer a Slot Machine Cheat that Casinos Can't...
by waqf on Monday February 06, 2017 @12:20PM
(#13581644)
When you're playing blackjack or craps, with physical devices whose odds are quite likely what they appear to be, "can't do math" might be a fair criticism. But when you're playing an underspecified game against a mysterious algorithm, doing math isn't really an option and all that's left is whether or not you trust the establishment.
Re:Russians Engineer a Slot Machine Cheat that Casinos Can't...
by imron on Monday February 06, 2017 @12:40PM
(#13581882)
The math is still there and it's even easier to calculate!
For example the article states that the house keeps $0.07129 for every dollar spent, or put another way, for every $100 coming in, the machines need to pay out ~$93.
Therefore, you can expect to lose on average $7 for every $100 you spend on slots.
Yes. Yes it is. That's why they say gambling is a tax on those who can't do math.
The machines are programmed to give out less than they take in. In the middle to long run, you are basically guaranteed to lose money.