Pando
Pando
Joined: Jul 24, 2010
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November 17th, 2012 at 12:16:52 AM permalink
A friend of mine is just back from Vegas and he made an interesting observation.
He is not a regular gambler, and has never been to a casino until this visit.

He observed that all of the other 3 people he was with, as well as himself, had consistent small wins in slots
when they paid cash into the machines. Not huge wins but money back and a little more.

Betting using a coupon (previously paid by a winning slot) invariably led to the money running out very quickly.
It consistenly happened to all of them.

Is it possible that different results are achieved depending on whether cash or coupons are used by the bettor.

One could imagine reasons why first timers with cash may be rewarded during their first times at a slot.
AxiomOfChoice
AxiomOfChoice
Joined: Sep 12, 2012
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November 17th, 2012 at 12:23:59 AM permalink
Nope, not possible
Ahigh
Ahigh
Joined: May 19, 2010
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November 17th, 2012 at 12:48:36 AM permalink
Quote: AxiomOfChoice

Nope, not possible



People absolutely believe this. For those people, I recommend liquidating your coupons and gambling using real cash.

Problem solved.

Find an electronic roulette, and bet 18 on red, 18 on black and one on zero and cash out to liquidate.

Take real money to slot (or anywhere else).

Problem solved for a 2.7% service charge.
FleaStiff
FleaStiff 
Joined: Oct 19, 2009
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November 17th, 2012 at 2:56:15 AM permalink
Quote: Pando


He observed that all of the other 3 people he was with, as well as himself, had consistent small wins in slots
when they paid cash into the machines. Not huge wins but money back and a little more.

Did he also observe that the machines all faced North and had just been played by a red head?

The Win/No-Win is based on a Random Number Generator. The RNG does not know about North or South; The RNG does not know about Blondes or Redheads; The RNG does not know about coupons or cash. The Casino's advantage is the RNG. The Casino has no desire to weaken its advantage by making the RNG vulnerable to ANYTHING.

So if coupons or cash makes them happy, go for it, but the RNG won't notice.
Ahigh
Ahigh
Joined: May 19, 2010
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November 17th, 2012 at 3:42:10 AM permalink
LIQUIDATE problem solved.

This also allows you to bet it any way you want it too if you're on a table game and want a $25 hard 8 from a $50 coupon: just liquidate it first! Now your coupon can be worth $250 on a win instead of only $50!
CrystalMath
CrystalMath
Joined: May 10, 2011
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November 17th, 2012 at 6:53:29 AM permalink
I have 10 years in the business, 6 of which were spent in regulatory compliance. Absolutely, cash/slot tickets make no difference. Still, there are people I know who will never put a slot ticket into a machine. The truth is that people want to find patterns and they are skeptical of slot machines, so their brains remember the events that support their hypothesis.
I heart Crystal Math.
Doc
Doc
Joined: Feb 27, 2010
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November 17th, 2012 at 7:41:03 AM permalink
Can you just imagine if the superstition were in the opposite direction, with tickets supposedly doing better? People all over the casino would be inserting cash, watching the credits get recorded, hitting the cash-out button, and taking the "improved-EV" ticket to another machine.
rdw4potus
rdw4potus
Joined: Mar 11, 2010
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November 17th, 2012 at 7:43:47 AM permalink
Quote: Ahigh


Find an electronic roulette, and bet 18 on red, 18 on black and one on zero and cash out to liquidate.



Wait...why? Is there a reason to not just take the tickets to the cashier?
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
Buzzard
Buzzard
Joined: Oct 28, 2012
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November 17th, 2012 at 7:52:34 AM permalink
Ah, for the good old days. Before TITO. When you could warm up your coins with a lighter and be guaranteed to win at slots.
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
BedWetterBetter
BedWetterBetter
Joined: Oct 20, 2012
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November 17th, 2012 at 7:52:40 AM permalink
I can see where the notion that House money will pay less than actual cash comes from.

Many times, the Bus coupon of $25 was eaten up in seconds at a $1 machine. And I would put in a $20 bill in right after, and a payout of $100, $150 or $200 would hit. Only a handful of times have I seen a slot coupon payout those same payouts myself, but I'm sure they happen for other people. Even hit a $1068 jackpot after burning the free money and then putting in a $20 bill just for kicks!

My father hit a $3000 payout on a 2x 3x 5x machine on his second spin of a Slot coupon, so it is possible to win a lot on the free money.

But to your point, it does not happen that often and the people who put in $100 bills seem to win more big payouts based on continuous play rather than "machine recognition" of free play and hard cash buy-ins.

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