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Gaming Guru
Reading a slot's meters3 July 2006
Dear George, You're right. If we had access to all of the data stored in a casino's slot accounting system, we could know quite a bit about a machine. I'd be wary of drawing any conclusions from one day's data, however. Machines get so little play in a day, their daily actual paybacks can be quite far from their long-term paybacks. Even a week's worth of data may not be enough. Some casinos publish lists of machines that paid over their long-term paybacks for the prior week. Sometimes even a month of data is not enough. If you check the paybacks published in Casino Player or Strictly Slots, you frequently find that the high-denomination machines in some casinos paid back over 100%! No jurisdiction allows a slot machine with a long-term payback of 100% or more. Best of luck in and out of the casinos,
Ed is referring to a discussion we had early this year about the best way to bring money to the casino. I prefer using lines of credit at the casino. Another good option is just withdrawing money from an ATM. The problem in Las Vegas and Atlantic City is that all of the ATMs in casinos (at least all of the ones I've used) tack on a fee of a couple of bucks. With so many banks opening branches in so many different states, finding an ATM operated by your bank is getting easier and easier. When I worked in New York City 20 years ago, Citibank and Chase had branches all over the city, but not in Las Vegas or near my home in New Jersey. Today, I can go to a Citibank branch in Las Vegas, and there are Citibank and Chase branches in my town. Best of luck in and out of the casinos,
Dear Rob, I think you're inferring that a machine's actual payback could be wildly off from its long-term payback. This is possible — almost a certainty for the first 10,000 spins on a machine — but less and likely as the machine gets more play. There's much more money to be made from this machine, even if the casino gets a smaller share, it from a much larger pie. If a casino did have a machine with a lot of play that was far from its long-term payback, the casino and the regulators would suspect that the machine is malfunctioning. Best of luck in and out of the casinos,
Dear Regular Reader, Thanks for the kind words about my column and congratulations on your good fortune. I wish we could win every time we go to a casino, but it would be difficult for a casino to pay its employees if we did. The casino would have a lot of happy patrons — and a lot of unhappy employees. Your experience at Resorts shows how much goodwill a relatively small gesture can make. You've probably told other people about how well you were treated there. As they say, word of mouth is the best advertising. Best of luck in and out of the casinos, Send your slot and video poker questions to John Robison, Slot Expert, at slotexpert@comcast.net. Because of the volume of mail I receive, I regret that I can't send a reply to every question. Also be advised that it may take several months for your question to appear in my column. This article is provided by the Frank Scoblete Network. Melissa A. Kaplan is the network's managing editor. If you would like to use this article on your website, please contact Casino City Press, the exclusive web syndication outlet for the Frank Scoblete Network. To contact Frank, please e-mail him at fscobe@optonline.net. Recent Articles
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