R/gambling: All about Gambling. I haven't watched this video yet - just sitting down for a minute between chores at home; but I have spent a lot of time in casinos not playing slots, and especially on cruise ships - I've met a good number of people who claim to be professional slot players.
Get Ready to Play by Having a Plan. It sounds silly, but getting ready is one of the first steps you.

How Casinos Enable Gambling Addicts. Modern slot machines develop an unbreakable hold on many players—some of whom wind up losing their jobs, their families, and even, as in the case of Scott.

As a blogger, I have goals. One of them is to write data-driven posts. What better way to provide informative content to my readers?

Statistics about gambling provide a perfect opportunity to write just this kind of post. I came up with the idea for this post a couple of days ago. A friend of mine (also a blogger) asked forfeedback on his latest post.

Here’s what I told him:

The first three paragraphs—your introduction—are boring. Much of what you’ve written is bland to the point of being meaningless. For example, one of your sentences is “gambling games are part ofour culture”.

List Of Slot Machine Manufacturers

Well, yeah. So what?

You want to include specific data about HOW those gambling games are woven into our culture. The best way to do this—especially in your introduction—is by sharing specific statistics and datapoints to catch your readers’ interest from the start.

Here’s an example:

King Richard outlawed dice among his soldiers in 1190. Cervantes was writing about blackjack as early as the early 17^th century. The word lottery is derived from the Biblical conceptof “casting lots”.

That’s a data-driven approach to explaining that gambling games are a part of our history.

Of course, that’s a little bit of a digression. You want to read a post with gambling statistics that you NEED. I offer 7 of these statistics below, along with some commentary and analysisrelated to each of them.

The gaming industry is big business in the U.S., contributing an estimated US$240 billion to the economy each year, while generating $38 billion in tax revenues and supporting 17 million jobs.

You know the frustration that comes about with near misses. You’ll score two out of three “jackpot” symbols needed to win the prize. Annoyingly, the third symbol would land just above or below the payline. Sometimes, these near-misses happen really often. Regular humans like you and me would hit spin again. Slot machines don’t become due for a win when they haven’t paid out in a long while, and they also don’t become hot and start paying out more. Every spin is like a single coin toss or a single roll of the dice—the outcome is independent of all the outcomes prior to it. The location of the slot machine. Jonathan frequently plays the slot machines and sometimes comes out slightly ahead in his wings. Like all gambling behavior, Johnathan's gamboling behavior is on a schedule of reinforcement. Question: Jonathan frequently plays the slot machines and sometimes comes out slightly ahead in his winnings. Like all gambling behavior, jonathan's gambling behavior is. Jonathan frequently plays the slot machines and sometimes comes out.

What people may not realize is that slot machines, video poker machines and other electronic gaming devices make up the bulk of all that economic activity. At casinos in Iowa and South Dakota, for example, such devices have contributed up to 89 percent of annual gaming revenue.

Spinning-reel slots in particular are profit juggernauts for most casinos, outperforming table games like blackjack, video poker machines and other forms of gambling.

What about slot machines makes them such reliable money makers? In part, it has something to do with casinos’ ability to hide their true price from even the savviest of gamblers.

The price of a slot

An important economic theory holds that when the price of something goes up, demand for it tends to fall.

But that depends on price transparency, which exists for most of the day-to-day purchases we make. That is, other than visits to the doctor’s office and possibly the auto mechanic, we know the price of most products and services before we decide to pay for them.

Slots may be even worse than the doctor’s office, in that most of us will never know the true price of our wagers. Which means the law of supply and demand breaks down.

Casino operators usually think of price in terms of what is known as the average or expected house advantage on each bet placed by players. Basically, it’s the long-term edge that is built into the game. For an individual player, his or her limited interaction with the game will result in a “price” that looks a lot different.

For example, consider a game with a 10 percent house advantage – which is fairly typical. This means that over the long run, the game will return 10 percent of all wagers it accepts to the casino that owns it. So if it accepts $1 million in wagers over 2 million spins, it would be expected to pay out $900,000, resulting in a casino gain of $100,000. Thus from the management’s perspective, the “price” it charges is the 10 percent it expects to collect from gamblers over time.

Casino Gambling Slot Machines

Individual players, however, will likely define price as the cost of the spin. For example, if a player bets $1, spins the reels and receives no payout, that’ll be the price – not 10 cents.

So who is correct? Both, in a way. While the game has certainly collected $1 from the player, management knows that eventually 90 cents of that will be dispensed to other players.

A player could never know this, however, given he will only be playing for an hour or two, during which he may hope a large payout will make up for his many losses and then some. And at this rate of play it could take years of playing a single slot machine for the casino’s long-term advantage to become evident.

Short-term vs. long-term

This difference in price perspective is rooted in the gap between the short-term view of the players and the long-term view of management. This is one of the lessons I’ve learned in my more than three decades in the gambling industry analyzing the performance of casino games and as a researcher studying them.

Let’s consider George, who just got his paycheck and heads to the casino with $80 to spend over an hour on a Tuesday night. There are basically three outcomes: He loses everything, hits a considerable jackpot and wins big, or makes or loses a little but manages to walk away before the odds turn decidedly against him.

Of course, the first outcome is far more common than the other two – it has to be for the casino to maintain its house advantage. The funds to pay big jackpots come from frequent losers (who get wiped out). Without all these losers, there can be no big winners – which is why so many people play in the first place.

I would not have believed how woefully uninformed the general public is about slot machines until I read all of these answers related to slot machines (or one armed bandits as they used to be called). The published percentages of payback are misle. In a casino whose nickel games return 89 percent of money wagered to players, there’s likely to be games that pay in excess of 90 percent, and games that pay 85 or 86 percent. For that matter, it’s possible for games of the same denomination and theme to have different payback percentages. Your favorite online slot has a payout percentage of 90%. On average, the machine will return $90 in winnings to the player. It's easy to see that a higher payout percentage favors the player. “Time on Device” (TOD) is the #1 metric that casinos and slot machine manufacturers are. These numbers reflect the percentage of money returned on each denomination of machine and encompass all electronic machines including slots, video poker, and video keno. NEVADA - Sparks Here’s information, as supplied by Nevada’s State Gaming Control Board, showing the slot machine payback percentages for all of the Sparks area casinos for. What percent of money can slot machines.

Specifically, the sum of all the individual losses is used to fund the

Professional Slot Machine Gamblers