One would think a slot player would be generally aware of how much money they are putting into the machines vs. Singh and published in the UNLV Gaming Research & Review Journal - that caught my eye and, undoubtedly, the eyes of casino executives around the globe. īut it’s a more recent study - The House Edge And Play Time: Do Industry Heuristics Fairly Describe This Relationship, co-authored by Anthony Lucas and A.K.
And no matter what the payout percentage is on any given machine, all of them are built to do one thing and one thing only, and that’s take your money over the long haul.Ĭasino operators know this, of course, and are especially aware of it due to the fact they make upward of 80% of their gaming revenue via slots, according to a series of UNLV Center for Gaming Research studies.
Of course, the -EV keeps plenty of discerning gamblers (and non-gamblers) far away from the aptly named one-armed bandits. Yet slot machines - and this is not quite #breakingnews - can be a fun way to pass a little time, maybe win a few bucks, maybe take down a jackpot. No one - well, hopefully no one - has ever looked at a slot machine and said, “Now that’s a fine place to invest my money for a solid rate of return.”
