A nickle slot machine averages a 90% payout (you'll average a $90 win for every $100 you spend). Would your payout average half, double or stay the same if you spent the same amount of money playing two slot machines at the same time?
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Statistics Question
- Thread starter 48thStreetCustom
- Start date
Neither machine influences the other, so payout the same. Technically, you'll lose your money twice as quickly. House always wins in the end.
See, I would think the percentage would go down. Think of it this way. If I went out on six dates with one girl, my odds of getting lucky are like 90%. But if I went out on three dates each with two different girls, my odds of getting lucky are only about 50%. Putting in the time with one slot machine must increase the odds.
Nope. You are wrong.
Let's say you flipped a coin 6 times and each time it came up heads. You might think the odds of the next flip being tails would be higher than 50% - but the odds would still be 50%.
Very basic statistics.
But slot machines aren't random. They use patterns. That's why dudes can mathematically figure out when a machine will payout a million dollars.
If only chicks worked by a mathematical pattern.
Money for nothin' and the chicks are free.
Yep...the old saying. "Statistics don't lie, but lairs make up statistics" or something like that. Just listen to the politicians.
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My dad took me on a cruise when I was 15. I remember seeing this dude play at the slots on the ship. He stayed at the same machine for over 28 hours. I saw him at about 1pm and then came back the next at about 5pm and he was still there. He refused to leave. He told me he had put $2800 into it. Since it was 1989, I assume it wasnt a digital machine. The dude was sweating and smelled. But he refused to give up his machine. He was convinced that it would soon hit.
that's the kind of logic that makes the whole gambling industry work.
You can never win playing their games. If you do win you gamble more to keep it 'interesting'. Then you lose. You can never win 'playing' their 'games'. It is boring as hell when you realise the truth.
And if you want to do some reading...................
Slot Odds - The Real Probability of Beating Slot Machines
Slot Odds - The Real Probability of Beating Slot Machines
But, they're not the same model slot machine, as we assume in the original statement. If you dilute your effort by dividing it between two girls, you could have an even poorer outcome, especially if one finds out about the other and she has a pistol. "Janies got a gun, de da de da"
But gambling is trying to manipulate statistics, and your example was about slot machines which these days are programmed to pay back a set percentage of whatever they take in so statistics don't apply to slots when calculating odds because they pay a preset amount. You can gather statistical data on things like sex of users, amount spent by age, sex, or whatever other unique identified you are curious about, but statistics don't apply to slot payouts.
Apparently they do because a nickel slot has different a payoff percentage than dollar slots. My question is if playing two machines changes those payoff percentage.
If you look at the number of nickles inserted per hour and keep that the same but split between two machines you will lose 10% each session on average. How is that fun?
