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It’s
the Waiting That’s the Hardest Part
Waiting
for a slot machine to hit is like
waiting for paint to dry. You know it
has to happen sometime, it just doesn’t
necessarily happen either quickly or
while you are in the room. A large part
of the excitement with the slot machines
however is that waiting game that you
play, knowing that someone has to hit it
big at some point, and just hoping that
the someone is you.
The slot machines are the biggest money
maker the casinos have for they pay, but
they take more than they pay. People
think that they pay big because they
hear about all of those that have won
big, and walked away with million dollar
jackpots. However, the fact of the
matter is that no matter how often they
seem to hit, they still don’t hit enough
for the casinos to not make a large
profit off of them.
On average, the slot machines keep about
seven cents for every dollar put into
them. Therefore, if they payout $1
million to someone, that means that they
have made at least $70,000 off of that
million. Now, let’s say that they pay
out $10 million? Well that would be
$700,000 for them – not exactly petty
change. And they know that it is a
matter of time before they will pay
someone out – but they also know that
they will have made money off of the
millions that they pay out every year.
Volatility is the amount of money that
is returned to the players of the slot
machines. Slot machine manufacturers
know that some players want the high
volatility experience, where they get a
chance at those bit wins, while others
want low so they get to play longer. No
matter what kind of player you are, the
slot machine manufacturers know that
they have to make both kinds of machines
to bring the players in. Otherwise, they
will only be speaking to half of the
gambling population.
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