Quote:
Originally Posted by jamf
Yes, Somewhat...
Slot machines are not based on probability of winning, they are based on return percentages.
The return percentage is how much of your money the machine return on average. The state of Nevada has a mandated payout minimum of 75%. Most casinos in Las Vegas have a return of 92%. Some casinos will even advertise the payouts!
The return percentage can differ from machine to machine and is based over the life of the machine.
|
DISCLAIMER: I'll admit when it comes to statistics and math I'm terribly stupid. I know no knowledge of statistics and probability! I haven't taken a class on it yet and when I do, I'll probably just squeak by with a C-. So if/when I say something stupid, I know I am.
I'm just feeling my way through this. Don't kill me.
Alright so onwards to my question.. So basically I have a much better chance of receiving a payout at a Vegas machine compared to a machine elsewhere?
Does the probability of receiving a jackpot payout vary as well?