Is this an algebra question or a math question?
September 19th, 2014 at 8:50:41 PM
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Lets take the El Cortez website at its word and assume that for the year ending June 30, 2014 their slots payed out 43% more than the Strip and 36% more than the Clark County Average.
Exactly what percentage did the El Cortez slots payout?
Exactly what percentage did the El Cortez slots payout?
September 19th, 2014 at 10:28:03 PM
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I'd say 95.75%. IIt's deceptive advertising. I'm certain that the house edge is 43% and 36% lower than the Strip and Clark county.
I heart Crystal Math.
September 20th, 2014 at 1:51:20 AM
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I wouldnt be surprised if the return isnt 36-43% and some dufus like the one pictured declared the math correct. [j/k][I think]
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
September 20th, 2014 at 6:29:50 AM
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Well that isn't deceptive, if it's true.
I guess the rub is where does one find "Strip" and "Clark County Average" figures for the year ending June 30, 2014?
I guess the rub is where does one find "Strip" and "Clark County Average" figures for the year ending June 30, 2014?
September 20th, 2014 at 8:48:52 AM
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Quote: CrystalMathI'd say 95.75%. IIt's deceptive advertising. I'm certain that the house edge is 43% and 36% lower than the Strip and Clark county.
That's about what I get as well. It's not "we returned 43% more" but "we kept 43% less" - two entirely different things.
I don't think there is enough information to solve this as stated. However, I looked up the numbers; Clark County slots had a 93.34% return, and the Strip had a 92.5% return, in that period.
If you interpret "43% more" as "we kept only 57% of what the average Strip casino did", then the hold was 57% of 7.5%, or 4.275%; similarly, using 66% and 6.66% gets 4.2624%. Those are returns of 95.725% and 95.7376%, respectively.
Oh, and pardon me for being pedantic, but algebra is a branch of mathematics, so all algebra problems are "math problems". Perhaps the OP meant "arithmetic problem"?
September 20th, 2014 at 8:49:47 AM
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Quote: bobsimsWell that isn't deceptive, if it's true.
I guess the rub is where does one find "Strip" and "Clark County Average" figures for the year ending June 30, 2014?
Here - the far right column is for the 12 months ending 6/30/2014.
Link to the master page
September 21st, 2014 at 4:29:04 PM
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Thank you for the link. Bouncing around the numbers it looks like 95.725 % is the answer. Shocking, considering the place is loaded with penny slots. Though as my father tells my wife "all 98% return means is that they are stealing for money at a 2% rate compounded 1000 times an hour".
Still; beats the hell out of those 88% penny slots on the Fabulous Strip.
Still; beats the hell out of those 88% penny slots on the Fabulous Strip.
September 21st, 2014 at 6:24:19 PM
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Quote: bobsimsThank you for the link. Bouncing around the numbers it looks like 95.725 % is the answer. Shocking, considering the place is loaded with penny slots. Though as my father tells my wife "all 98% return means is that they are stealing for money at a 2% rate compounded 1000 times an hour".
Still; beats the hell out of those 88% penny slots on the Fabulous Strip.
Keep in mind slot paybacks lump in video poker too. And the paytables at El Cortez are generally better than the strip.
