Lady once asked me, “Which is the
longer end of the rope? “
July 9,
2010
Dear Mark: I
have heard that loosest quarter machines pay
better than the tightest dollar machines. Is
that true? Shelly T.
It depends, Shelly. Some casinos do have
some very high-paying quarter machines and
some stingy dollar machines. The only way to
know for sure is to ask someone with
authority in the slot department like the
slot director or slot manager.
It’s the slot manager that decides the slot
mix, which are the placement, positioning
and payoffs of slot machines on the casino
floor. Typically though, dollar machines
usually have higher long-term paybacks than
quarter machines, even loose ones.
Furthermore, Shelly, even on a loose
quarter machine side-by-side to a sparing
dollar machine, it is important to remember
that the paybacks on both are based on the
long haul, not a short run.
So-o-o-o-o, the $200 you play through a
loose quarter machine won’t necessarily
return to your pocket more than the same
couple centuries fed into the tight dollar
cousin. Dear Mark:
Which is a better choice, playing a
Megabucks slot machine or the Powerball
lottery? Susan L. If
you are asking about the hitting the “Big
Kahuna,” you are more likely to hit the top
jackpot on a Megabucks machine than to win
the top prize with the Powerball lottery.
The odds of hitting a
life-altering Megabucks machine are about
30,000,000 to one and in Powerball are one
in 195,249,054. Either way, your chances of
hitting the big one are a teensy weensy bit
better than zilch, so we should put the top
prize numbers aside, and look at a couple
different reasons to see whether a Megabucks
slot machine offers a better bet than does a
Powerball lottery ticket.
Lotteries don’t offer returns of 80 percent
or more of the money wagered by its players.
Sure, Megabucks’s downside is that its
long-term paybacks are usually the lowest in
the casino, but still, that jingle in the
coin tray is more than you typically get
from a lottery ticket.
Megabucks is paid in annual installments,
whereas you can get your Powerball payoff,
albeit half, up front. Two
hundred dollars gives you a year's worth of
Powerball tickets, whereas $200 on a
Megabucks machine can be lost in mere
minutes. Personally,
Susan, I would just stick to casino wagers
that have less than a two percent house
edge. Advice aside, I’ll leave the long-shot
choice up to you of either bucking up three
dollars (3-coin bet) a pop versus a weekly
contribution to state education. Get back to
me on which you choose.
Dear Mark: On slot machines that
have buttons to stop the reels, does
stopping them at different intervals have
anything to do with your chances of winning?
Marge S. Many players,
Marge, get their jollies from the display of
the spinning reels awaiting the “where it
stops, nobody knows.” Pressing the Stop Spin
button cuts out the fun factor that some
enjoy, but it has no effect whatsoever on
the results of the spin. The outcome would
be the same whether you did or did not press
the button. Gambling
Wisdom of the Week: Gambling is
neither an immoral nor a noble exercise; it
is motivated by both foolish and rational
considerations. - Alex Rubner author of
Fringe Benefits: The Golden Chains 1962 and
The Economics of Gambling 1966
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