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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: circlecity

Long term very few people can gamble with slots and make money.

You can win a bit in the short term. I won over $200 playing some video poker machine in Vegas. Those winnings were small change. I quit while I was a bit ahead.

I’ve heard some professional gambler types live in Vegas and eke out a living, but they do so staying under the radar, gamble a bit here and there, and cash out while they are ahead for the day.


21 posted on 10/05/2017 9:08:06 AM PDT by Dilbert San Diego
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To: circlecity

for some people, it’s not “losing” any more than you are “losing” money when you drop quarters into a video game.

I don’t gamble, but I used to really enjoy those video games. I use the analogy above to wrap my head around playing the slots.


25 posted on 10/05/2017 9:10:44 AM PDT by robroys woman (So you're not confused, I'm male.)
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To: circlecity

Somewhere I read that he might have made out more than 100 percent because he factored in all the freebies they gave him on free rooms and travel. If he got close to 100 percent back AND got large blocks of hotel living paid for, he wasn’t doing badly.


52 posted on 10/05/2017 10:32:19 AM PDT by mairdie
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To: circlecity

Great way to continually launder money....


55 posted on 10/05/2017 10:39:49 AM PDT by fuente (Liberty resides in three boxes: the ballot box, the jury box and the cartridge box--Fredrick Douglas)
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To: circlecity
"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."
You can make a small fortune playing those games. But ya gotta start with a large fortune to do it . . .

61 posted on 10/05/2017 12:37:29 PM PDT by conservatism_IS_compassion (Presses can be 'associated,' or presses can be independent. Demand independent presses.)
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