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5. Slot machines can be reserved for up to 5 minutes only if you notify the slot staff and there are no credits left in the machine. Exceptions may be made at the discretion of management.
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9. Use of inappropriate force or equipment may result in the guest being asked to leave.
One of the things scammers like Professor Slots and his ilk tend to do is make you believe they know the secret sauce. Or at least, they have the ability to take the vast amounts of data available and break it down into easily digestible stories that no one else can. Stories that create clear strategies. Take a recent video by Professor Slots titled “Winning at Slots is a Secret Kept From You.”
In the end, Professor Slots questions the myth about avoiding popular mathematics; Those table games are statistically better than slots:
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“for example, Table games are said to be better than slot machines. What? Sorry, but no. Again, There is evidence in state returns from Nevada and New Jersey.”
That’s pretty much it. Definitely against the grain. But he said there is evidence in the form of state returns from Nevada and New Jersey. So let’s look at Nevada state refund statistics to confirm.
Nevada Gaming Control Board (NGCB) statewide for June 2022; Unlimited locations will be viewed. Looking at the winning percentage of popular games (page 2), the casino’s winning percentage for craps is about 13%; Blackjack shows about 10% and baccarat about 21%. surprisingly Best games house edge shows, the casino has 1.36%, 0.28% (with good rules) and 1.06% according to Wizard of Odds respectively.
Let’s look at the winning percentage for slots. 1 cent slots have a nationwide casino winning percentage of about 10%, 5 cent slots less than 6% and dollar slots 7%. It turns out to be much better than their round tables. Mathematically, I think the professor is right. Slots have more of a house edge than table games. At least according to these National Gazette figures. Or are they?
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“Win percentage” for games provides a ratio adjusted for the effect of credit play. For slot machines, “Win percentage” provides a ratio representing the amount of reported winnings divided by the total dollar amount played by customers.”
Bogan, known as @red318is on Twitter, summarizes why this difference is important in winning percentage calculations:
If you play a table game with a $100 buy-in and leave nothing, the casino reports $100 in winnings no matter how long you play. If you compare the numbers apples to apples, the cards look worse than the machines. — Bogan Painter (@red318is) August 2, 2022
Bogan is totally here. NGCB representative confirmed this. to expand If a player buys $100 at a blackjack table, plays for $1000, and leaves the table with $50. This will be reported as $50 and a 50% win percentage for the casino. But the slot player started with $100; Say you played $1000 in total coins and have $50 left. This will be reported as $50 and 5% win percentage for the casino. The NGCB provides a more detailed explanation of table games when symbols are involved:
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“[I]ll include table games as well as credit play in the calculation. For example, if a player is credited with $10,000 and leaves the table with $7,500, the winning amount will be $2,500 and the holding% will be 25.0%.
This is a remarkable anomaly; These win percentage calculations; However, it is important to know when the income from casino games is broken down. Especially when creating stories based on that data.
Does this mean that table games are mathematically worse than slot machines? No. Years of irrefutable studies indicate that this is not true. Sure, some slots are better than others and in some cases, some slots can be better than table games. But this idea that the casino industry is keeping this “secret” from you, and the state’s refund statistics prove it’s a hot pot. This is public data and savvy punters will pick it up in bulk. These numbers are not the statistical edge of how much the average player won in these games during that period.
I call people who aggressively sell “winning gambling strategies” because I loathe people who either willingly or unknowingly take advantage of them. If you are a beginner or a new gambler; You don’t have to pay someone for “guaranteed” methods. There are some exceptions; Yes. Poker Strategies; I like to read books on money management techniques and casino game basics. This behavior is often unhelpful, but uncommitted.
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And I have no problem paying content creators to provide value. hell I have my own newsletter subscription. But anyone who offers you a game plan to win doesn’t have your best interests in mind. They want to separate you from your money. The casino is so professional. So save the cash and use it to top up your bank account for your next trip.