Casino Payout regulations

[DaBurglar]

I learned for certain today the following truism:If a casino is required by LAW to payout X% of its money that is put into its machines over the course of a fiscal year, then that casino ONLY has to make sure that it meets the payout requirement BY the end of that year....What this means is a number of obvious, and not so obvious things which can and do impact what we all experience in gaming sessions, and which prove what I have maintained since the beginning, that we as players DO NOT always play on machines/games that are set to payout what the actual paytables imply or indicate.A casino can (and most likely does) set many of its machines to payout LESS than the advertised paytable AS LONG AS the casino AS A WHOLE is meeting the YEARLY FISCAL payout % by the end of the year.     Do you see what this allows the casino to do????In the name of cash flow managment (or funds availability managment, etc.)  they can choose to literally payout next to nothing for a certain number of months, and then quite literally open the floodgates for a month or two (or maybe just for a portion of a month, who knows?)    Again, as long as they meet the YEAR end payout requirment, they can do whatever they want with individual machines, or with month to month operations  etc.Hence this is why myself and many others here have literally seen money disappear over and over without getting anything back even though we are playing 98-99% return games......this also kills the delusion that anyone can win large amounts time after time after time (like for instance 80% or more).....not possible.Conclusion:  You need to be cautious and alert, and lucky, and ONLY gamble when the casino is in the "OPEN flood gates" mode !!!     And of course, it is still possible that some (probably a few) casinos might choose to do things in a sane and normal and fair way and simply set its machines to consistently payout both what the game itself advertises AND what the state requires, making both things compatible with each other and avoiding the games with cash flow, etc.

[onemoretry]

I assume you are referring to regular slot machines, not video poker ones, since the only "setting"for video poker machines is the pay table.

[Tedlark]

DaBurglar you are manipulating information to try and make a very weak argument. And you just learned this today?

Edited to add: please feel free to insert the word "interpreting" in place of manipulating.

[BobDancer]

[QUOTE=DaBurglarI learned for certain today the following truism:A casino can (and most likely does) set many of its machines to payout LESS than the advertised paytable AS LONG AS the casino AS A WHOLE is meeting the YEARLY FISCAL payout % by the end of the year.     Do you see what this allows the casino to do????

[/QUOTE]I don't believe this is true. If a state says that machines must return more than 88% (as an example) then EVERY machine must meet this standard. It is not legal for a casino in such a jurisdiction to have some machines paying 80% offset by others returning 92%.

[spxChrome]

In my state it is illegal for a machine to return over 100% but we have 2 DDB 10/6 machines at one of our local casinos that the gaming commission has not found and I believe those are 100.7%. You would think the gaming commission would have some kind of detailed tracking on all these chips and payouts (since it is the law). Guess not. I am not complaining but it just goes to show they are not as organized as they are suppose to be.

[DaBurglar]

[QUOTE=DaBurglarI learned for certain today the following truism:A casino can (and most likely does) set many of its machines to payout LESS than the advertised paytable AS LONG AS the casino AS A WHOLE is meeting the YEARLY FISCAL payout % by the end of the year.     Do you see what this allows the casino to do????

I don't believe this is true. If a state says that machines must return more than 88% (as an example) then EVERY machine must meet this standard. It is not legal for a casino in such a jurisdiction to have some machines paying 80% offset by others returning 92%.[/QUOTE]Bob, you are the only one worth responding to so I will start by asking you this.....your above statement where you say you do not believe this to be true......is this your best guess or opinion based on your experience, or do you know this for a fact?  I am sincerely asking because I myself have heard it different, as I stated in my original post.   I have heard it from people in AC casino management, AND I read it on a website that I am trying to relocate (NOT the one I linked a few lines below.)   Basically even though casinos might be required to payout 91%, or 90.8% or whatever, this does not mean that EVERY machine pays that and it varies (or can vary) amongst all machines....Also......in many states, Video poker is lumped together (or classified as) simply another form of "electronic gaming"...... please take a look at this website I found, and specifically go to both Nevada, and then New Jersey regulations & payouts:https://www.americancasinoguide.com/slo ... cs.htmlFor those others reading this thread that are stubborn and willfully ignorant, let me quote the state regulation info contained therein:"Following is information from the New Jersey Casino Control
Commission regarding average slot payout percentages for the 12-month
period from July 1, 2015 through June 30, 2016:




CASINO


PAYBACK




Harrah’s


91.7




Borgata


91.6




Bally's A.C.


90.9




Caesars


90.8




Golden Nugget


90.7




Resorts


90.6




Tropicana


90.6




These figures reflect the total percentages returned by each casino
for all of their electronic machines which includes slot machines, video
poker, etc"Ask yourself, how can video poker games with tables that advertise returns of 98-99%  be expected to (or reconcile with) an OVERALL ANNUAL payout that is only 90-91%????

[Tedlark]

DaBurglar ask yourself, does EVERY video poker game in a casino advertise returns of 98-99%? Now ask yourself, is the payout percentage of a video poker machine affected by its pay table? Is every pay table the same for EVERY video poker machine in a casino?

Now ask yourself this, do you really think a casino would go 11 months in a fiscal year and have their machines payout less than state required payouts only to go the 12th month with machines paying out more than state required payouts to get to the mandated payouts? Ridiculous.

OMT and spxChrome are appreciative of you saying that they are not worth getting a response from you.

[BobDancer]

In my state it is illegal for a machine to return over 100% but we have 2 DDB 10/6 machines at one of our local casinos that the gaming commission has not found and I believe those are 100.7%. You would think the gaming commission would have some kind of detailed tracking on all these chips and payouts (since it is the law). Guess not. I am not complaining but it just goes to show they are not as organized as they are suppose to be.the 10/6/50 (the last number for the straight flush) does indeed return more than 100% --- but it's 100.067% --- which is significantly different than 100.7%The 10/6/40 game returns less than 100%, but not by much. This is the version found in states where you cannot have >100% games.Just knowing it's 10/6 doesn't tell you whether it is more or less than 100%

[DaBurglar]

DaBurglar ask yourself, does EVERY video poker game in a casino advertise returns of 98-99%? Now ask yourself, is the payout percentage of a video poker machine affected by its pay table? Is every pay table the same for EVERY video poker machine in a casino?

Now ask yourself this, do you really think a casino would go 11 months in a fiscal year and have their machines payout less than state required payouts only to go the 12th month with machines paying out more than state required payouts to get to the mandated payouts? Ridiculous.

OMT and spxChrome are appreciative of you saying that they are not worth getting a response from you. I called it.....a worthless response.....As stated before you are lousy at debating or constructing logical, consistent arguments and counterpoints.    This is all meaningless dreck, masking your real, and typical, focus, irrational pointless hostility.   I do enjoy the fact though that I myself (me, the one and only daburglar) who is superior and better than you in every way except the size of one's neck and head, can simply make a post on this site about anything....ANYTHING at all (without even mentioning or referencing YOU in even the most vague way), and all I have to do is wait and within an hour or so, there you posting anything (ANYTHING) that takes the total opposite, contrary position mixed with your infantile emotions.   Rant all you want but its obvious something is missing in your life that you have chosen to plug with moi.....that's friggin creepy.

[DaBurglar]

for those of you who have not taken abject offense at my admittedly opinionated and partisan post (hey, that's me and the way I am) on this subject that I actually have looked into and received interesting input from several sources, the concept of a casino manipulating its cash flow/money by deliberately adjusting up or down the payouts month to month is NOT at all weird, or unheard of or whatever else you want to call it.....they are in the business of MONEY and depending on their debt, and other considerations this is a very reasonable thing to do and even more so if they are allowed to do it (which apparently they are from what I have learned.)Even if it is "against the rules", that doesn't mean they cannot, or will not do it.   Its supreme naivete to think otherwise......As to whether they go 11 months grabbing money and then give it back in the 12th, sure i doubt THAT scenario plays out.....but is POSSIBLE.   CET is still many many Billions in debt and still is in precarious financial straits, and THAT IS A FACT.   Use your imagination as to what that might lead to or result in.....with all the corruption and lack of morality in today's world, you have to be willfully ignorant to think it cannot happen.