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Gambling - What is your Game?


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Your casino rules are good guidelines to play by, take it from a former casino operator.

 

However, your conspiracy theory on slot machines is incorrect. The player cards are to track your points and play level, for reward points and to get your information so they can market to you (ie. convince you to keep coming back.

 

Of course there is a house edge in slots (and every table game in the casino), otherwise why would anybody build a casino? Long-term, you are guaranteed to lose, but what is considered long-term is more than your one night, one week, one month, or even one year of playing. You can be lucky for any period of time, and unlucky for any period of time, and it is perfectly normal. In the end though, you lose to the house edge.

 

Picking slots is probably the worst move you make here, as practically any normal (non-prop) bet on a table game will give you better odds.

 

There is a reason why slots are called "one-arm bandits".

 

 

stufguy: We have basically the same experience with slot machines, although I quickly learned my lesson after a P5,000 loss in one night. What experience taught me was, after your first couple of hits, walk away. You're not very likely to get lucky again.

 

GetBack: I have the suspicion that Resorts World Manila tracks its players through their playing cards. Remember, any game that you play in RWM, you have to swipe your card--which contains your identity and picture. Are the cards really just for storing value to play with or to redeem wins? I think all game machines/tables are linked to a computer server with an algorithm that makes sure nobody wins too much. Had this nagging suspicion because after two straight winning weekends at RWM, my luck began to run out on successive visits. I ended up giving back all my winnings. And this was with switching a dozen different slot machines, not just the same machines. If randomness of luck applies, I should've at least broken even in about 4 or 5 of those machines on the losing days. But no, I couldn't find a lucky streak at all in any machine.

 

So now my personal casino rules are:

1) Bring a budget that I can afford to lose down the drain (ex., 5k).

2) Set a time limit as well (ex. 3 hrs)

3) I walk out of the casino whichever comes first: either the 5k is all used up or 3 hrs is up. Even if at the end of 3hrs, I still have money (say I'm winnning), it's still time to pack up and leave. Take whatever money is remaining and just head for the door.

 

I can say I'm gambling responsibly, and I'm not putting any dent in personal finances. Never needed to withdraw from ATMs at any time.

 

Lastly, I knew someone who worked for a software company that supplies PAGCOR's slot machines. There IS such a thing as "house edge." It's a statistical advantage built into the software, even at your neighborhood E-Games outlets, so that the probability of the house winning is much greater than that of the customer.

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