Saw some lady put in $11k coin-in to try to win the $1175 progressive jackpot
Starts at $1000. every $6 coin-in increases the jackpot by $0.03
every $1 coin-in = 1 point.
according to the little screen next to her players card, she has 11k points just for that session.
I know she didn't put in $11k cash into the machine but only played thru $11k on the machine.
she was sitting there when I walked in. I only noticed because that machine had the highest progressive of the bank of Blazing 7's.
and she was still there 2hrs later when I walked out.
there's a huge chance she may never hit it.
I've seen it go over $1200 many times.
but wow! $11k thru the machine just to win $1175.
Quote: 100xOdds98% $1 Blazing 7's progressive.
but wow! $11k thru the machine just to win $1175.
$3/spin* 6 spins/minute*60 minutes/hour=$1080 handle/hour. So she may have been there for 10 hours. Wow. That's dedication. But also, 11,000 * .02=$220 expected loss. Losing $220 to chase $1175 isn't necessarily awful.
I played over $2500 on a slot machine once ($2.50/spin) because I wanted to see the bonus. I did not do terribly over that 1000+ games though. I was only down about $70 when I finally got my pitiful $8 bonus win.
What place has a 98% payout by the way? Fremont is only 96% and the Silver Legacy has 97.7% in Reno.
Quote: RSCorrect me if I'm wrong, but, wouldn't 98% return include the progressive payout? Without the progressive, machine is probably 88-94% return.
I think in one of the other threads, it was calc that the base return was 97%.
and that for every $6 coin-in, the progressive was increased by $0.03 which equaled .5%.
so instead of the casino keeping that .03, it went back to the player in the form of the progressive.
97.5% = 98% rounded up
Quote: bobsimsThose machines are good payers so even with 11K coin in she may have been even or close enough to it. They are also fun and addictive. I just dropped $900 and was down to my last 60 before I brought down a $1400 Blazing 7 at the Fremont.
What place has a 98% payout by the way? Fremont is only 96% and the Silver Legacy has 97.7% in Reno.
I doubt she had the best of it, at least not the whole time. She'd have added $55 to the Progressive herself.
The amount you put in or lose has nothing to do with the amount of the jackpot. Advantage players oftentimes lose more than the progressive amount. You don't stop until the progressive is won, if you want full value.Quote: itsmejeffSome people make dumb choices to win progressives. I watched a fellow blow through ~$400 on a slot machine before going to the ATM twice and spending another $1000 because he wanted to hit a progressive that was less than $1500. I wonder if he managed to win it.
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I'm not indicating this person you mention was an AP, however it probably makes no difference if the Jackpot they are chasing is 10k or they play a totally different type of machine thats 2k(playing the lessor progressive of two like machines wouldn't be smart ) . Most likely the machine thats at 10k is going to be 5x less likely to hit and could even have a higher hold.
So how much cash into the machine would this have been?Quote: 100xOdds
I know she didn't put in $11k cash into the machine but only played thru $11k on the machine.
Quote: onenickelmiracleI always laugh thinking these old ladies turn to prostitution just to play Blazing Sevens all day and the old guys from assisted living love taking them to the casino.
Good money to be made with those gums!
Quote: BozGood money to be made with those gums!
Eeeewww!
I'd rather young lips than old gums
Quote: BozGood money to be made with those gums!
Hahahah! Yeah, sidetrack, but reminds me of the first porno film I ever dared to watch. It was called "Gums" and was a ripoff of "Jaws", but instead of a shark it was a toothless mermaid. It was soooooooooo awful it was great.
Quote: beachbumbabsHahahah! Yeah, sidetrack, but reminds me of the first porno film I ever dared to watch. It was called "Gums" and was a ripoff of "Jaws", but instead of a shark it was a toothless mermaid. It was soooooooooo awful it was great.
I might have to look that one up.
Quote: beachbumbabsHahahah! Yeah, sidetrack, but reminds me of the first porno film I ever dared to watch. It was called "Gums" and was a ripoff of "Jaws", but instead of a shark it was a toothless mermaid. It was soooooooooo awful it was great.
Good thing it wasn't called Jaws. I'd be scared to watch that!
Quote: RSGood thing it wasn't called Jaws. I'd be scared to watch that!
I believe there's a movie called Teeth that'll do it for you...
Quote: VenthusSo those things are actually pretty good payers? I always see banks of them near entrances and bathrooms, so I always assumed they were traps.
this bank of slots had a sign above saying up to 98% payback.
Quote: 100xOdds98% $1 Blazing 7's progressive.
Starts at $1000. every $6 coin-in increases the jackpot by $0.03
every $1 coin-in = 1 point.
according to the little screen next to her players card, she has 11k points just for that session.
I know she didn't put in $11k cash into the machine but only played thru $11k on the machine.
she was sitting there when I walked in. I only noticed because that machine had the highest progressive of the bank of Blazing 7's.
and she was still there 2hrs later when I walked out.
there's a huge chance she may never hit it.
I've seen it go over $1200 many times.
but wow! $11k thru the machine just to win $1175.
I never did any empirical work on Blazing 7's. I pretty much didn't care for the play. But I was told by Doug Reul, a former writer for Video Poker Times, that the frequency of the top line hit is 16 X 16 X 16 = 4096. It's my guess that all Blazing 7's machines are not equal in payback, 98% is probably the best chip. So the question would be where do they make the adjustment in payback? I don't think they would adjust the frequency of the top line hit. My guess is it's in the lower paying line hits.
If the lady ran $11,000 in action then its a no brainer how many spins she made. $11,000/$3 means she made 3,667 spins. If the meter was on $1175 then its easy to calculate where the meter was when she started playing, $11,000 X .005 = $55. So the meter was on $1120 when she started playing.
How much of the payback is in the top line hit? $1000/$3 means the top line hit pays 333.3333 for 1.
333.3333/4096 = .0813802.
If the game is 98% which includes a .5% meter then 97.5% minus 8.13802% = 89.36198%
100% minus 89.36198% means you are taking a drop of 10.63802% between top line hits.
4096 games times a $3 bet is a total wager of $12,288.
$12,288 * 10.63802% puts the cost to spin off a play at $1307. So finding a machine with $1307 in the meter means you would have a .5% meter win at that point.
The true breakeven number would be $1246 with the meter thrown in .
1-800-STOP-Gambling
Quote: beachbumbabsHahahah! Yeah, sidetrack, but reminds me of the first porno film I ever dared to watch. It was called "Gums" and was a ripoff of "Jaws", but instead of a shark it was a toothless mermaid. It was soooooooooo awful it was great.
Lol reminds me of the first porno film I ever saw. It was called "silence of the gams". I think I was about 12 or 13 at the time. I don't remember what it was about but the name stuck in my head.
Quote: rudeboyoiLol reminds me of the first porno film I ever saw. It was called "silence of the gams". I think I was about 12 or 13 at the time. I don't remember what it was about but the name stuck in my head.
Rhymes with "Silence of the Lambs"?
And I totally missed the "Gums" comment from Babs...
Really enjoyed this bump...haha
Quote: 7DOWN11I see this often.. Many people I've seen will put in out of pocket equal to or even more than the progressive amount to win it. That makes NO sense to me at all.
Sometimes it makes sense, but in your example, it probably didn't.
http://www.citynews.ca/2013/09/17/caledon-woman-wins-1-8-million-at-fallsview-casino-slot-machine/
Quote: 7DOWN11I see this often.. Many people I've seen will put in out of pocket equal to or even more than the progressive amount to win it. That makes NO sense to me at all. On one machine at my local the progressive will be sitting at $1,083 and one guy will pump out of pocket $3,000 to win it and probably play $10,000 through it considering what he wins along the way. I asked him once as I got to know him, what his stop point was to get up and walk... his replay was quite direct. He said: "I'll be damned if I'm going to let someone else win my progressive". I said Oh that makes sense. In fact one time he ran out of money to play that machine, had an attended watch the machine for 35 minutes until we went home, got more money and came back.. I just said to myself :
1-800-STOP-Gambling
This is not quite true in AP play when working short term advantages. The only way to extract maximum value is to continue until you hit your objective even if the play goes bad on you and you get in for more than the meter pays.
Let's take a five spot keno play for example. The bet is 50 cents. The meter is at $180 and runs at 4%.
The 3/5 pays 5 for 1.
The 4/5 pays 32 for 1.
Doing the math, which I won't do here, the cost to run one cycle is $150. You will average putting $31 in the meter per play. So you are looking at an average $61 win when coming in at $180.
It only takes a half hour to run one cycle. So you run one cycle and don't hit the solid five. You are stuck about $150. The meter is at $210. You run one more cycle and don't hit the solid five. You are now stuck about $300 and the meter is only at $242.
Should you get up, say the hell with it and take a walk? Not me. I'm going to play until I hit the solid five. What has happened in the past doesn't matter. At this point I have a play sitting right in front of me that is worth $123.
Through dozens of plays like this you will average about a $61 win per play. Most plays will be winners, some will be losers. But if you get up and leave when you run badly your average win per play will be a lot lower than this. You can even wipe out your average win entirely by leaving every time you run badly.
My rule of thumb is "if it was a play when I sat down on it, it's a play until I finish it."
Quote: mickeycrimmThis is not quite true in AP play when working short term advantages. The only way to extract maximum value is to continue until you hit your objective even if the play goes bad on you and you get in for more than the meter pays.
Let's take a five spot keno play for example. The bet is 50 cents. The meter is at $180 and runs at 4%.
The 3/5 pays 5 for 1.
The 4/5 pays 32 for 1.
Doing the math, which I won't do here, the cost to run one cycle is $150. You will average putting $31 in the meter per play. So you are looking at an average $61 win when coming in at $180.
It only takes a half hour to run one cycle. So you run one cycle and don't hit the solid five. You are stuck about $150. The meter is at $210. You run one more cycle and don't hit the solid five. You are now stuck about $300 and the meter is only at $242.
Should you get up, say the hell with it and take a walk? Not me. I'm going to play until I hit the solid five. What has happened in the past doesn't matter. At this point I have a play sitting right in front of me that is worth $123.
Through dozens of plays like this you will average about a $61 win per play. Most plays will be winners, some will be losers. But if you get up and leave when you run badly your average win per play will be a lot lower than this. You can even wipe out your average win entirely by leaving every time you run badly.
My rule of thumb is "if it was a play when I sat down on it, it's a play until I finish it."
This is why you need sufficient bankroll. If you take a massive shot on a progressive and hit it, great, but you're more likely to lose in the short term so you need to be able to weather the storms. You require 10k or more on a FPDW with 0.76% advantage on QUARTERS, and FPDW is a low variance game compared to DB and DDB. I never jump off a play even if I am up more than the progressive amount because my bankroll can withstand the swings, but over time I will come out ahead.
