onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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December 10th, 2016 at 11:44:02 AM permalink
Quote: IndyJeffrey

Are there laws mandating minimum returns? What's to prevent a casino from a 20% return machine sprinkled throughout the property?

In a place like Nevada, nothing besides the manufacturers not even making one, but they do.

https://m.youtube.com/watch?v=hkhjZ00rsHQ

He says 80-something-96% and also mentions must hits being paid out solely on the basis of a predetermined jackpot amount being reached.
Looks like sh!t just got imaginary!
Mission146
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Mission146
Joined: May 15, 2012
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December 10th, 2016 at 12:07:50 PM permalink
Quote: onenickelmiracle

If casinos want to lower them, leave a suitcase, write those checks, bada bing, bada boom, state minimum now lower.



Have you heard of any case in which a state minimum was lowered? I'm not saying there hasn't been, but I've not heard of it happening. Besides, most machines return considerably better than most state minimums, with a few exceptions. By, 'Considerably better,' I mean two percent or more base pays in excess of the minimums.
Vultures can't be choosers.
mamat
mamat
Joined: Jul 13, 2015
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December 10th, 2016 at 12:29:58 PM permalink
Quote: onenickelmiracle

As far as Buffalo go, some of those with the massive progressive, rumor is they can be as low as 84%.

Could be 80%. I saw 81% once.

Harrah's often has ordinary 1c slots at 85%. Most Indian casinos set 1c slots at 87-89%. Loosest casino I know has most 1c slots at 93%.

If you hang around casinos long enough, you can get a peek at configuration screens (especially when new machines are being installed, or a machine has a problem). You might even find a machine left in configuration mode, where you can look at all the setup screens to your heart's content... :-)

---
If you look at UNLV stats on Vegas, slot hold in 2015 has increased about 1% across the board (tighter machines), but slot revenues have stayed stable (which means play dropped)...casinos might do better if they had looser slots.
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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December 10th, 2016 at 12:43:04 PM permalink
Quote: Mission146

Have you heard of any case in which a state minimum was lowered? I'm not saying there hasn't been, but I've not heard of it happening. Besides, most machines return considerably better than most state minimums, with a few exceptions. By, 'Considerably better,' I mean two percent or more base pays in excess of the minimums.

Maryland, bada bing, bada boom.



Was sure it changed, definitely was requested. 100xOdds can chime in to clarify.



The casinos were definitely able to change how much they keep relative to the state's share
Looks like sh!t just got imaginary!
Mission146
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Mission146
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December 10th, 2016 at 12:55:15 PM permalink
They asked, but it hasn't happened, at least not yet. The RTP laws are the same.

Also, in fairness, the requirements ARE higher than in most other states, such as no individual machine allowed to have a theoretical RTP of less than 87%.
Vultures can't be choosers.
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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December 10th, 2016 at 1:10:26 PM permalink
NJ might have been 87% long ago, now 83% iirc. I noticed it surfing, in a John Patrick book on google books, so no proof of the 87%.
Looks like sh!t just got imaginary!
Mobcasinos
Mobcasinos
Joined: Mar 6, 2016
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January 5th, 2017 at 9:45:25 PM permalink
I don't think slots are much tighter today compare to 2013. What I think is bet is increasing year after years. You can still find penny slot games in some casino but most of the time is a dollar or more per bet.
FleaStiff
FleaStiff
Joined: Oct 19, 2009
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January 5th, 2017 at 11:27:52 PM permalink
Penny, nickle and quarter slots are all misnomers.... its all multicoin multiline stuff.

Casinos should never have invested so heavily in expensive 'themed' slots. The players have to pay those royalties, the casino just fronts the money. Where do you think the higher royalties will be coming from... the casino accepting looser machines? Get real.

I understand that in Nevada the state minimum is well below all Veas casinos settings.

Other states and Indian casinos don't really have to report to anyone so what do you think is happening?

Locals can afford to play slots... its not a two week vacation for them. They can spend two hours and leave. Vacationers and conventoneers have to max out their time and that is costly.

If you don't get meal comps and room comps these days, its like movie-concession prices in the casinos.

Getting so that the only gambling that is affordable is risky onlie gambling or the local Indian unsupervised but no-airfare gambling.
MrV
MrV
Joined: Feb 13, 2010
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January 6th, 2017 at 12:05:19 AM permalink
Quote: Nathan

I remember a guy saying something like "In 2013, a $20 would yield my wife and I enough for dinner for both of us at a fine restaurant and movie and snacks for both of us.



Yeah, and in 1971 five bucks filled up the tank in a muscle car and you'd buy a six pack with the change.

*sigh*
"What, me worry?"
Nathan
Nathan
Joined: Sep 2, 2016
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January 16th, 2017 at 5:45:06 PM permalink
Quote: MrV

Yeah, and in 1971 five bucks filled up the tank in a muscle car and you'd buy a six pack with the change.

*sigh*



To be fair, minimum wage was $1.60 in 1971! A full 8 hour shift was $12.60! And that's before taxes, insurance, health, etc! Your take home pay a day would have only been about $8 a day! Your take home pay would be roughly $80 every two weeks! Things being cheaper in 1971 than 2017 evens out with how extremely low minimum wage was back then. ;)
Guy "won" less than his bet and the slot machine had the audacity to tell him he got a big win! SMH! Also, the Nintendo cartridge is so much more important than the Nintendo console. Without the cartridge, the Nintendo console is just a useless box.

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