Slots and House Advantage: What you Need to Know

Posted on June 19th, 2013 at 12:06pm
In the casino world, it doesn't take an MBA degree with a concentration in calculus to figure out how the term house advantage works. The house advantage boils down to the casino profit that pays the overhead which in turn enables casinos to continue to operate and not only to keep their customers happy, but keep them coming back.
Computerized slots games have no reels and no multiplier capability but rely on the random number generator as the reel replacement. State-of-the-art models hold a definite house advantage in terms of overall casino profit since slots generate 50 percent more revenue than gaming tables. Slots hold, many times, the house advantage. The button activator increases the number of games played per hour to 600 as opposed to 300 for table games. The fact that the new machines only accept scrip allows for a 15 percent faster game start time. Since betting amounts are based on dollars rather than quarters, slots games hold the house advantage because 30 percent more money is in play. On a patent application relative to computerized slots, the inventor maintained that since the symbols are actually video projection avitars, they exude the perception that the game presents greater payout chances than actually exist mathematically. The house advantage simply because they innocently challenge a player to play against himself or herself by playing just one more game to beat the computer or the machine. Perhaps the most subtle slots hold the advantage proof is that slots, often referred to as penny bet games, never had a penny slot coin-insertion mechanism. Today, inserting a C$20 bill equates to 2,000 credits. Since bet placement requires 50 to 100 credits per line, far more than a quarter is in play at any given time.

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