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The rub, Steve, is that even if some machines in Casino A are “looser” than Casino B next door, there’s no way to verify which machines on the floor pay back what. Even explicit numbers such as “up to 98 percent return” should be labeled, without qualifiers, for that claim to be meaningful.Dear Mark: In your recent article you told a reader that “there is no magic switch that’s flipped from some secret location” to get more dough out of people....

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“Up to” could denote but one machine out of a bank of machines that is set to pay back at 98%, which technically, complies with that advertisement.”When it comes to slot machines, there is no verifiable return for slot paybacks of any one machine, or any particular casino in Reno, just its geographic location. The payback percentage of a loose slot is the overall percentage that a slot machine will return over the long run, based on millions of spins, and not when your hind end is sitting front and center....

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Besides, since slot machines make up approximately 85 percent of a casino’s revenue, just because a casino says their machines are loose doesn’t mean they are a smart bet. Even explicit numbers such as “up to 98 percent return” should be labeled, without qualifiers, for that claim to be meaningful. When your 4 or 10 are losers, you don’t have to pay the commission, and the house edge drops all the way down to 1....

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And keep in mind that slot machines hold some of the largest house edge ratios for casinos no matter where you play. Here in Reno, casinos talk and advertise about “we’ve loosened our slots,” or, we have “the loosest slots in town. Here in Reno, casinos talk and advertise about “we’ve loosened our slots,” or, we have “the loosest slots in town....

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The rub, Steve, is that even if some machines in Casino A are “looser” than Casino B next door, there’s no way to verify which machines on the floor pay back what. Fortunately, for you, Reno casinos have always been competitive and liberal with their returns. Every slot machine in a casino is programmed to return a certain percentage, over a specific period, of the dollars wagered....

 

 

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