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1 posted on 10/05/2017 8:42:44 AM PDT by PPSman
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To: PPSman

Those ten hand machines can be good to play.

Still, hard to imagine Vegas allowing anyone to get rich from gambling there.


2 posted on 10/05/2017 8:46:58 AM PDT by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
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To: PPSman

Casinos aren’t there to make you rich. Yes, someone gets rich, but it ain’t you. He got his money elsewhere.


3 posted on 10/05/2017 8:49:15 AM PDT by chris37 (Tagline is currently under repair!)
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To: PPSman
"The top machines at Mandalay Bay, where Paddock often played, pay out 99.17 percent, or $99.17 for every $100 wagered. You aren't living off your gamblings with that kind of losing payout."

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.

4 posted on 10/05/2017 8:52:17 AM PDT by circlecity
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To: PPSman

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.


5 posted on 10/05/2017 8:52:20 AM PDT by Williams (Stop tolerating the intolerant.)
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To: PPSman

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.


7 posted on 10/05/2017 8:53:21 AM PDT by gdani (Everyone is a snowflake these days)
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To: PPSman

Make money as a professional gambler, or launder money as a “professional gambler”


8 posted on 10/05/2017 8:53:47 AM PDT by indthkr
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To: PPSman
:The top machines at Mandalay Bay, where Paddock often played, pay out 99.17 percent, or $99.17 for every $100 wagered.

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.

9 posted on 10/05/2017 8:55:31 AM PDT by Yo-Yo (Is the /sarc tag really necessary?)
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To: PPSman

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.


13 posted on 10/05/2017 9:00:51 AM PDT by txrefugee
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To: PPSman

Nobody wins against a casino. If you win by doing something that should be legal like card counting, you’re thrown out and banned.


16 posted on 10/05/2017 9:04:27 AM PDT by Moonman62 (Make America Great Again!)
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To: PPSman
The building, purchased in 1992, sold for $3.2 million in 2004.

3.2 million is chump change for a serious gambler and would NOT have lasted for 'years'...

18 posted on 10/05/2017 9:05:26 AM PDT by GOPJ (Black men are 6% of the population - - they murder 42% of all cops killed in the line of duty.)
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To: PPSman

.
In simple terms, no!

He was a “useful idiot” being maintained as any tool is.
.


22 posted on 10/05/2017 9:08:22 AM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: PPSman

Hmmm. Whenever my wife and I play slot machines we come out losers 99.17 percent of the time. Bad gambling luck?


26 posted on 10/05/2017 9:14:54 AM PDT by willk (everyone)
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To: PPSman

My theory:
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.


29 posted on 10/05/2017 9:19:51 AM PDT by bunkerhill7 ((("The Second Amendment has no limits on firepower"-NY State Senator Kathleen A. Marchione."))))))
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To: PPSman

It could be the money he made from the building was running out.


31 posted on 10/05/2017 9:22:51 AM PDT by marron
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To: PPSman

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.


32 posted on 10/05/2017 9:25:42 AM PDT by P-Marlowe (Freep mail me if you want to be on my Fingerstyle Acoustic Guitar Ping list.)
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To: PPSman

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.


33 posted on 10/05/2017 9:26:54 AM PDT by Gideon7
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To: PPSman

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


35 posted on 10/05/2017 9:34:57 AM PDT by Mount Athos (A Giant luxury mega-mansion for Gore, a Government Green EcoShack made of poo for you)
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To: PPSman

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.


36 posted on 10/05/2017 9:37:25 AM PDT by TexasFreeper2009 (Make America Great Again !)
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To: PPSman

The gambling angle is pure BS and a distraction.


40 posted on 10/05/2017 9:44:44 AM PDT by shanover (...To disarm the people is the best and most effectual way to enslave them.-S.Adams)
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To: PPSman

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).


43 posted on 10/05/2017 9:48:43 AM PDT by Gideon7
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