Slot Machine Progressive Win! (Mine)

Hi, guys.

I know some of you guys in IRC realize that I have caught the "Gambling" bug, and I do also know the dangers all too well. Anyways, to get the point, I was at Casino Niagara at Niagara Falls, Ontario, Canada today. I was playing on this one slot machine and then... I won the top progressive jackpot at $300.86 and my bet on the machine was.......... 20 cents. When I go to a casino, I bring in only $100 each time I go to a casino so in reality, I am not "up" this year, but that isn't the point. For me, it is entertainment and today was really amazing since this is my first real "Big Win" on a slot machine. It is now my new record for the biggest win that I have ever gotten!

I did leave the Casino with $306.11 and I started out with $100. :)

Here is a link: http://www.youtube.com/watch?v=eVlWRqhgljw

I had to make the video quick since Casinos don't want you to record videos of slot machines for whatever weird reasons.

Awesome, good going Sonict.

And which slot machine did you get the "Gambling" bug in, the Japanese Panchiko Slot Machines, or in the ordinary American Slot Machines?

And this is how casinos keep you in their hands... Try to make a promise to never go beyond $150 on a bet please. Anyway, Good job on your prize!! Go buy a wii now! or (pfft) food. Oh and again, Congrats!

When I go to a casino. I only bet up to 50 cents. I try to keep it around 25 cents or so. I know this money will be eaten by the casino eventually, but that is part of the fun. My money strategy for me when I go is I only put in $10 and play until it is gone or I double it. This doesn't mean that I will win all of the time, but it gives me at least 10 slot machines to play when I go.

That's awesome! I prefer to blow my cash on the stock market, though. :)

SSNTails said:

That's awesome! I prefer to blow my cash on the stock market, though. :)

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This, you can predict them to some degree. =P

I had a share I bought go up by 100% from my purchase price once. Unfortunately, it was a fantasy stock market game, so I didn't gain anything. :(

Theoretically, it shouldn't be too hard to walk out of a casino with more money than when you came in...it's just that people don't go about it properly. The way I see it, you should just bring in $100 like Sonict, go to the roulette, and bet $10 on red (or black). If you win, just pack up and leave, and you now have $110. If you lose, keep trying in increments of $10. You might lose money ultimately, but the odds are that you will at least come out even.

So, that would be my strategy. Not that exciting, and you don't get particularly rich, but you can at least brag that you beat the casino.

This parodies a strategy that I used to increase my Wad Dollars at the SRB2 WADbase, before it merged with Spectrum. It served me well then, helping me slowly but surely increase my cash and I'm sure it could work with real money.

Fawfulfan said:

This parodies a strategy that I used to increase my Wad Dollars at the SRB2 WADbase, before it merged with Spectrum. It served me well then, helping me slowly but surely increase my cash and I'm sure it could work with real money.

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Casino systems are programmed with bias, it's a well known fact. I doubt the Wadbase stuff was.

Sonict, you lucky bastard. :(

Cue said:

Casino systems are programmed with bias, it's a well known fact. I doubt the Wadbase stuff was.

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Casinos rig whatever they can, but rigging a roulette table such that this strategy will consistently fail defies the laws of probability. A bet on red or black has only two different possible outcomes. The sum of probabilities for all outcomes in a given situation must always be exactly 1, or 100%. You can't rig both outcomes, because there is no possible way to decrease the odds of both red and black and keep the sum of all probabilities at 100%.

Casino games are not rigged. They are statistically designed in such a way that the house will always win in the end.

In fact, the easiest game to see the house advantage is probably roulette, actually. The payout on your bet are always going to be less than the actual odds of winning. For instance, let's say you have a normal wheel with a 1:38 chance of winning on a bet of a single number. All they have to do to make eternal profit is make the returns if you win less than 38:1. For example, say the game costs $1 to play. As long as the reward for winning is less than $38, the house comes ahead in the end, simply because you can't play indefinitely because you don't make enough money for winning to make up for the amount of tries it takes to win on average. In this example, the actual payout is 35:1, meaning that you'll clearly lose money over the long run.

The rest of the games in the casino, regardless of design or complexity, all work on this same basic premise. Your chance of winning multiplied by the reward for winning will always be less than the cost to play.