ThatDonGuy
ThatDonGuy
Joined: Jun 22, 2011
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November 4th, 2019 at 4:32:10 PM permalink
Quote: garyt1957

At MGM Detroit one time a tech had the newer version of The Walking Dead open and I could see the RTP was 79%. I was shocked they could go that low.


Doesn't Nevada law allow RTP on its slots to be as low as 75%?
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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Ayecarumba
November 4th, 2019 at 9:26:15 PM permalink
Quote: Ayecarumba

Are you saying it's "due"?

Obviously, that depends on who's playing it.

(-;
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
DRich
DRich
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November 5th, 2019 at 7:25:10 AM permalink
Quote: ThatDonGuy

Doesn't Nevada law allow RTP on its slots to be as low as 75%?



Yes
Living longer does not always infer +EV
CrystalMath
CrystalMath
Joined: May 10, 2011
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November 5th, 2019 at 9:14:38 AM permalink
Quote: ThatDonGuy

Doesn't Nevada law allow RTP on its slots to be as low as 75%?



Yes. In my experience, manufacturers tend to set the minimum above 80% so they can get the same software approved in many jurisdictions. Still, 80% is horrid.
I heart Crystal Math.
AxelWolf
AxelWolf
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November 5th, 2019 at 10:33:04 AM permalink
Quote: CrystalMath

Yes. In my experience, manufacturers tend to set the minimum above 80% so they can get the same software approved in many jurisdictions. Still, 80% is horrid.

I used to assume they were holding 10%, nowadays I assume 15%.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
FleaStiff
FleaStiff
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November 6th, 2019 at 12:13:13 AM permalink
Some of the situations are gaffed more than the machines. "Promotional" machines either hit big or not at all. Some jerk sees a newspaper ad and comes in to play the promotional machine. He gets what he deserves.
Other times the machine is not located "on the casino floor" but in some entranceway or alcove and different rules apply.

Most machines meet Nevada standards, but state law is rather low. Competition is what drives the rates up. Eons ago the used slot machine brokers would list the chip set installed plus all 'spare' chip sets, but I've not seen such informative ads for a long time.
tringlomane
tringlomane
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November 7th, 2019 at 12:00:28 AM permalink
Quote: ThatDonGuy

Doesn't Nevada law allow RTP on its slots to be as low as 75%?



Yes, but Michigan is 80-100% for theoretical RTP.

But actual RTP could be 79%.

Quote: DRich

I believe either Illinois or Iowa require this on some if not all machines.



No, Illinois bars/truck stops require the odds of a spin that returns any money, which is an utterly worthless statistic.

Illinois and Iowa are also 80-100% theoretical RTP states.
DRich
DRich
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November 7th, 2019 at 6:45:34 AM permalink
Quote: tringlomane



No, Illinois bars/truck stops require the odds of a spin that returns any money, which is an utterly worthless statistic.



How is that a worthless stat? If you know the odds of winning you can calculate the odds of losing and the RTP.
Living longer does not always infer +EV
unJon
unJon
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tringlomane
November 7th, 2019 at 7:05:07 AM permalink
Quote: DRich

How is that a worthless stat? If you know the odds of winning you can calculate the odds of losing and the RTP.

Because it is missing the amount you win. Itís just the probability that some amount is won.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
charliepatrick
charliepatrick
Joined: Jun 17, 2011
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November 7th, 2019 at 8:32:54 AM permalink
Having the probabilities only works if you know all the prizes. Suppose thereís a simple fruit machine with one reel 0123456789. Each number equally likely.

Simple machine
9 pays $5
8 pays $3
7 pays $1
Others lose
RTP=90%

Feature machine
9 pays $3
8 pays $2
7 pays $1
0 pays a feature
RTP=60%+feature

If the feature pays more than 3 then better to play the feature machine.

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