Lucyjackson Posted August 9, 2012 Share Posted August 9, 2012 Okay. If online slots payout percentage is between 93% and 97% how long would it realistically take someone to lose £25,000 when playing at A] £10 per spin and B] £100 per spin I cannot for the life of me work it out but am hoping some of the brainier ones on here can do it Link to comment Share on other sites More sharing options...
hard2miss Posted August 9, 2012 Share Posted August 9, 2012 Find out how many £10/£100 are in 25.000 and take off 3-5% if your looking at how many bets you can have but you are not taking into account bets that you would win... Now if the question is 'how long' as in the time scale, then you would have to know how long each spin is ect. In other words I haven't got a scooby doo Link to comment Share on other sites More sharing options...
gnvqsos Posted August 9, 2012 Share Posted August 9, 2012 Okay. If online slots payout percentage is between 93% and 97% how long would it realistically take someone to lose £25,000 when playing at A] £10 per spin and B] £100 per spin I cannot for the life of me work it out but am hoping some of the brainier ones on here can do it Are you reinvesting your winnings? Link to comment Share on other sites More sharing options...
dosxuk Posted August 9, 2012 Share Posted August 9, 2012 Somewhere between [A] 2500 spins and infinite, and 250 spins and infinite. Link to comment Share on other sites More sharing options...
ChrisT70 Posted August 9, 2012 Share Posted August 9, 2012 its not actually as easy as that. the 97% or 82% payout rate (whatever it is) is an averaged rate over a time period, not necessarily the same time period you will be playing with your money in. it may be paying out as little as 65% or as much as 105% during some of that time. its very difficult to find out how the programming /timing is worked, but the payout rate is only an average (minimum) and can vary. so you may spend all your cash much quicker, or take much longer! when audited the machines would show that on average they pay out the rate claimed you see. in vegas, you can ask one of the floor managers to take you to the best payout machines in that floor area and they are obliged to do so, one of the tricks they do is have a sign showing 100% or 105% but it might be one machine out of 50 or 100 identical machines and they rotate the location around lol! Link to comment Share on other sites More sharing options...
Grandad.Malky Posted August 9, 2012 Share Posted August 9, 2012 Somewhere between [A] 2500 spins and infinite, and 250 spins and infinite. How can there be an infinite number of spins ……. You are bound to lose it all eventually. Link to comment Share on other sites More sharing options...
dosxuk Posted August 9, 2012 Share Posted August 9, 2012 How can there be an infinite number of spins ……. You are bound to lose it all eventually. You could (theoretically) win every time (this may involve changing machines / accounts), meaning you never reach the £25k spending 'target'. Link to comment Share on other sites More sharing options...
Lucyjackson Posted August 9, 2012 Author Share Posted August 9, 2012 Would you say 24 hours is a reasonable length of time to lose £25,000 by playing £10 per spin slots and what would you expect the return to be? If there was no return over say...a thousand pounds is that within the rules of the 95% average pay out? Link to comment Share on other sites More sharing options...
ChrisT70 Posted August 9, 2012 Share Posted August 9, 2012 How can there be an infinite number of spins ……. You are bound to lose it all eventually. not always the case. i sat next to a local in one of the casinos in vegas as he won $33,000 dollars. he had played the same machine for 5 hrs a day for the past 2 days as he knew the rollover jackpot was building to the max level prior to a payout, and had invested $500 per day to give himself a good (better than usual) chance of winning the top payout. he'd studied the machines to a certain extent obviously, and you dont do that without losing money long term lol Link to comment Share on other sites More sharing options...
ChrisT70 Posted August 9, 2012 Share Posted August 9, 2012 Would you say 24 hours is a reasonable length of time to lose £25,000 by playing £10 per spin slots and what would you expect the return to be? If there was no return over say...a thousand pounds is that within the rules of the 95% average pay out? in "theory", on a 95% payout machine you'd return around £23750 so would have lost £1250. however, in that 24hr period, you might hit the point in the machines programming cycle where it needed to give 98% to maintain its average payout, or as little as 85% if it had been paying out a lot. so you might fall into a purple patch or you might lose at a faster rate. trouble is you wont know where it is in the cycle and they dont work on 24h periods. best bet is learn blackjack and play it according to the set standards and rules, on average you are looking at a 0.5% loss rate (ie 99.5% payout) all of the above is of course subject to a few variables such as other players affecting the dealers hand at blackjack for instance! they are all a mugs game long term unless you can card count and get away with it:) Link to comment Share on other sites More sharing options...
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