What is less obvious to many is that the long-term experience rarely occurs at the player level. That is, players rarely lose their $80 in a uniform manner (that is, a rate of 10 percent per spin). If this were the typical slot experience, it would be predictably disappointing. But it would make it very easy for a player to identify the price hes paying. Slot machines are usually a casinos biggest source of revenue. Reuters/Andres Martinez Casares Ultimately, the casino is selling excitement, which is comprised of hope and variance. Even though a slot may have a modest house advantage from managements perspective, such as 4 percent, it can and often does win all of Georges Tuesday night bankroll in short order. This is primarily due to the variance in the slot machines pay table which lists all the winning symbol combinations and the number of credits awarded for each one. While the pay table is visible to the player, the probability of producing each winning symbol combination remains hidden. Of course, Casino these probabilities are a critical determinant of the house advantage that is, the long-term price of the wager. This rare ability to hide the price of a good or service offers an opportunity for casino management to raise the price without notifying the players if they can get away with it.
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