Those ten hand machines can be good to play.
Still, hard to imagine Vegas allowing anyone to get rich from gambling there.
Casinos aren’t there to make you rich. Yes, someone gets rich, but it ain’t you. He got his money elsewhere.
Well, you can certainly win over the short run but not over the long run. The more you gamble on that type of machine they likelier it is you are going to lose. But, you won't lose a lot on a single big hit so it's easier to control your losses.
I heard the brother also say that he would play Slots all day. They are the worst payout at the casino. Even if he meant video poker you don’t consistently win at that. Far from it. The only game that sometimes sees the Casino get beat is Baccarat and that’s only occasionally.
Nobody is a professional gambler playing video blackjack. They only way I have ever seen that work is poker (and sports gambling), not games where you are essentially playing against the house.
Make money as a professional gambler, or launder money as a “professional gambler”
Minimum payout percentages for slots used to be controlled by the Nevada Gaming Commission. AFAIK it still is.
Most professional gamblers play 'skill' games such as blackjack or poker.
But buy $10,000 in tokens, play the slots for a few hours, then cash in $9,000 of chips, and you've just taken dirty cash and turned it into clean income.
This is the really suspicious part of this weird case. Where did this failed government employee get millions of dollars? Gambling is not a credible answer, but the IRS can check and see what he claimed his winnings were.
Nobody wins against a casino. If you win by doing something that should be legal like card counting, you’re thrown out and banned.
3.2 million is chump change for a serious gambler and would NOT have lasted for 'years'...
In simple terms, no!
He was a “useful idiot” being maintained as any tool is.
Hmmm. Whenever my wife and I play slot machines we come out losers 99.17 percent of the time. Bad gambling luck?
he was using the “sitting at the machines for hours” gig as a front, a communication base to other people in the hotel, or waiting and watching for his victim to pass by. Should check Mandalay cctv`s images against the concert-goers in vicinity of the killer at the machines.
It could be the money he made from the building was running out.
I’m betting his profession was to launder money. He didn’t get the casino perks because he was a consistent winner. They only give those perks to guys they know are going to leave with a lot less money than they came in with.
If he was a consistent winner, the only perk he would get would be having someone escort him to the exit. And his name and picture would be circulated to all the casinos in town.
No, he was a professional loser.
That 99.17% payout on Jacks or Better requires perfect play, where you need to memorize a rather long table of possible card combinations. Also, the payout for ‘big’ hands (like a royal flush) is typically lower than on a 96% machine where it can be 3-4 times higher. Also you need to do a max bet each time.
Sorry folks, I actually DO know a sure fire way to make money on poker machines.
All you have to do is own the machines.
I think he was good enough on vid poker to get 95% of his money back and get some nice perks like free rooms food and drinks. (regular slot machines have almost worst odds in casino, he did vid poker with careful play not regular slots)
Being raised poor and desperate maybe perks would have impressed his relatives.
I’d bet he didn’t make his money from a casino but i’m not a betting sort.
I don’t know enough about laundering to comment intelligently but someone mentioned it in an article I read
Maybe he had figured out a system. Bet the minimum bet on anything not a potential royal flush, and just blow through the others as fast a possible.
I read somewhere 1 in 40,000 hands is chance of royal flush paying out $50,000 on $125 bet.
The gambling angle is pure BS and a distraction.
Most draw poker machines today are Double Bonus or Double Double Bonus, where they pay a big amount on certain high combos. The downside is that lesser combos like 1 pair, or 2 pairs pay less. The odds even out in the long run compared to traditional Jacks or Better, but the large variability is more exciting (and more psychologically addicting).