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Gaming Guru
Such-and-such percent return means what?4 August 2003
Dear Mark, You speak of slot machines, n'est-ce pas? Each machine is scrupulously designed and tested to assure the casino a definite payback. The "payback percentage" is the portion of the money that is put into the slot that is eventually paid out to the player. For example, with a payback of 95%, the casino would latch onto about 5% of all money put into the slot. You, Dorothy, should get back 95¢ of every dollar you insert. Of course, don't expect 95¢ to clang in the tray for every dollar's worth of handle yanks. The percentage return is a long-term concept. Your gaming timeline is possibly limited to 200 yanks of the handle, not millions, so any percentage return (as low as a goose egg to as high as a mega-jackpot), can, and will happen. But, of course, if you knew ahead of time what the result was going to be, you wouldn't be playing, would you? In most gambling jurisdictions, the law requires that payback percentages be above a threshold level, commonly around 75%. Fortunately, the payback percentage in most casino machines is much higher than the minimum, even some advertised as high as 98%-plus. It's those machines advertised for high paybacks, Dorothy, which you want to play on. Leave the rest for the slow learners.
Dear Mark,
The short answer, Cam, is: yep, but —
Dear Mark, Just to stimulate that all-important action before the first cards are dealt, most poker games, Candy, require an ante or a blind bet. If antes are used, all players must post a standard amount of seed money up-front in order to receive their first cards. You'll find antes used in your traditional Stud games. Blind wagers, as found in Texas Hold'em and Omaha, have the same general purpose but with slight differences. With blind bets, the first two players to the left of the dealer post their bets before they see any cards, and are thus, still "blind." This required wager rotates around the table. Because blinds exact forced wagers, blind bettors, in return, can raise once the betting has gone around the table the first time and it's their turn to act again.
Dear Mark, Mark Twain once said, "There are few things that are so unpardonably neglected in our country as poker! It is enough to make one ashamed of one's species." That won't happen here, Rick. Besides, questions on poker are what's showing up in the mailbag of late. It could be influenced by coverage of the World Series of Poker on ESPN, or the World Poker Tour on the Travel Channel. But I'm guessing it's because there are over 130 million on the planet who, like you, enjoy the game.
Gambling quote of the week: "There may be glitter, glitz and
romance in a casino, but at the end of the day they're just like any
other business: If they cease to make a profit, they soon cease to
exist." — Gambling For Dummies (The book) Related Links
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Mark Pilarski |
Mark Pilarski |