Racinos

[bigboy]

I would also explain that the payback at these racinos is around 92%. Have her do the math.
 
Which brings up an interesting question that i have been pondering. I wonder whether it may actually be more advantageous for slot players to play at a racino, as opposed to playing at a casino? Think about it, when you see the monthly payback percentage listings for A/C casinos and CT casinos, generally quarter machines come up around 90%. Now, quarter v.p. in these casinos is probably averaging around 97%, so you would have to deduce that the slots are averaging.... low 80's? With the racinos, we know that the v.p. paytable is irrelevant in determining the payback %. So the $64,000 question for you slot players would be...... Are the racinos giving that 92% in a linear fashion? In other words, if the server is not making a distinction between the slots and the v.p. machines, the slot player in a racino would be getting a better deal with the VLT.

[shadowman]

Sounds somewhat reasonable except for one thing. Slots usually vary the payback amongst the many different games. So, you might actually have some slots paying 95% or better while others pay 80%. A regular slot player would likely figure this out in a short timeframe (look for the busiest machines?).

[bigboy]

I initially thought in a similiar vein, however the monthly payback listings are inclusive of all machines on the floor. So we know that about 15% of the machines(v.p.) are paying roughly 97%, with the remaining 85% machine balance  running at roughly 87% payback. The rub with that 87% number would be that it is not linear and there will be a wide variance between different machines. It appears as though you can "blindly" go into a racino and get a linear 92%(or greater) payback on the slots. I actually don't care for slot machines but i thought this was an interesting theory to explore.

[shadowman]

I guess it could be interesting if 92% was considered acceptable by a player. It wouldn't work for me no matter what the payback was at the regular casinos.

[jeena]

The posts rearding payback percentages in casinos versus racinos have been very interesting.The racino web-site has a list of monthly jackpot winners, the name of the machine they won on, and the amount since June 2007 (BTW, there was only one VP winner for $5,000 on the list).Last week I copied the list and went to the racino and played the machines (not VP) that had winners in June only, thinking they might be due for a nice jackpot, some were progressive, some weren't.  Needless to say, I didn't have a good result, the most I got ahead was $8.00 on a $20.00 investment on one machine and put it back.  In other words I gambled with all the money I brought from home the entire session, except for the $8.00 dollars.I was wondering of my method had any potential of hitting a substantial jackpot in the racino environment.  I was thinking my method could increase the odds of hitting a progressive that might be due for a hit since June, but what about the non-progressive.Since some machines have a higher payback percentage than others (none of the percentages are posted at the racino, like I've seen in Vegas or AC), does that translate to bigger jackpost being won more often on the higher payback machines?Thanks!

[jeena]

One more thought on a different subject:Since the odds of getting a RF is 40,000 to 1, doesn't it make more sense to play a Pick 4 game like NY has, which pays $100,000 for a $20 straight bet at odds of 10,000 to 1?  Even if a player buys one Pick 4 ticket daily at $20 , it's probably much less money than a regular VP player spends trying to get a RF, and if I remember correctly, the average jackpot for a RF is nowhere near $100,000, except on a progressive machine.Any comments would be appreciated.Note: Sorry about misspellings on my previous post, I forgot to check it!

[bigboy]

One more thought on a different subject:
Since the odds of getting a RF is 40,000 to 1, doesn't it make more sense to play a Pick 4 game like NY has, which pays $100,000 for a $20 straight bet at odds of 10,000 to 1? 

 
 
You have to keep in mind that, it's 10,000 possible combinations for that Pick4. What happens to your $20 when you match 1 number out of the 4? You lose. How about 2 numbers? Lose. 3?. When you are playing v.p., you will hit other paying combinations to keep you afloat while you are chasing that elusive royal. On your example, $20/dayX365=$7300yr. You would need to get that hit within about 13.5 yrs. to break even(without factoring in tax ramifications, which i won't try to break down). 5000 days of playing at $20/day is what it comes down to. But, there are 10,000 possible combinations, daily. How good do the odds look now?