I've spent the last 17 years working in a casino. We have winners, but they don't pay my salary. It's the rest of them that I bank on.
With a slot machine that pays back 90%, here is how it works: If you put in $100 and play max bets, you should get $90 back. That $90 will return you (in theory) $81. The $81 will return $72.90. The $72.90 will return $65.61, etc.
If you have some money to blow on entertainment, gambling (sorry, gambling is illegal in Louisiana, we have GAMING) is as good a way as any to spend it because you might come out ahead, if you get ahead and quit while you are still winning.
With a slot machine that pays back 90%, here is how it works: If you put in $100 and play max bets, you should get $90 back. That $90 will return you (in theory) $81. The $81 will return $72.90. The $72.90 will return $65.61, etc.
If you have some money to blow on entertainment, gambling (sorry, gambling is illegal in Louisiana, we have GAMING) is as good a way as any to spend it because you might come out ahead, if you get ahead and quit while you are still winning.