![]() ![]() For example, if a player bets $1, spins the reels and receives no payout, that'll be the price-not 10 cents. Individual players, however, will likely define price as the cost of the spin. Thus from the management's perspective, the "price" it charges is the 10 percent it expects to collect from gamblers over time. So if it accepts $1 million in wagers over 2 million spins, it would be expected to pay out $900,000, resulting in a casino gain of $100,000. This means that over the long run, the game will return 10 percent of all wagers it accepts to the casino that owns it. For an individual player, his or her limited interaction with the game will result in a "price" that looks a lot different.įor example, consider a game with a 10 percent house advantage-which is fairly typical. ![]() ![]() Basically, it's the long-term edge that is built into the game. Getty ImagesĬasino operators usually think of price in terms of what is known as the average or expected house advantage on each bet placed by players. Slot machines defy the basic economic principle of supply and demand. ![]()
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