Indian Casino problems

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My girlfriend is Asian and her whole family has Indian Casino problems.
Indian Casinos here are completely unregulated.
When she told me she got all this "free money play" I though man that's got to be some bad odds.

I studied probability and watched the movie Casino.

I saw the audio manipulation to induce hypnoses on all the slots. Slot machine makers program in these near misses with the aim of giving players the illusion of getting close to the big jackpot. Who knows what the payout really is.

Not only is the casino skimming you the State is in on it too, they take 33% if you win over 1200 dollars. The casino is really nice about this as they will let you keep playing so you don't have to pay the tax.

Does anyone here have experience with Casino problems?

I've never been to a casino. My sister tried to get me to go when we lived in Reno, but it didn't interest me. Apparently they let you drink for free as long as you keep playing, which would have been nice back when I was still drinking. I know that the only game I would ever play in a casino is blackjack, since it has the best odds. To my knowledge, every casino game has a house advantage, but blackjack is the closest to 50/50.

It seems like there would be a law which requires that the odds of winning are completely random when playing a Casino's games and slot machines.

I think casino's are fine as long as you don't look at it like you are going there to win money or make money. See it like paying for a night of entertainment, and if you win money, that's a bonus. Take only the amount that you are comfortable spending on a night, and only that. It is fun, it is entertaining, and it's no different than going to the fair and playing games. People somehow think that going to a casino means they will probably come home with cash. If casino's offered prizes instead, people wouldn't see it like that. It's because it's cash you win. It's still good, fun, entertainment.

Frances

I see regular casino games as mathematically unable to beat, so I don't bother. On the other hand, I have played and been quite successful at poker because it is a game that can be beaten with skill in the long term.

I play a couple dollars in lotto tickets every week, usually not over 5. Sorta dumb, but if I'm spending a dollar a time, it's not really anymore dumb than buying like, a can of iced tea. Casinos I simply never have enough money to play in, and I'm not old enough, so....

If the casino makes money despite several expenses and with very little production, then you probably don't.

Besides, having 1$ is better than 50% chance of either having 2$ and 0$, decreasing marginal utility and all.

I never really understood the attraction to gambling, aside from entertainment value. All the sounds and lights can be quite exciting, but I don't have to put any money in the machines to get that.

In most casinos, they advertise their payout rates on the slot machines, usually something from 92%-98%
I once did a little experiment. I had $100. I played quarter slots. All the money that came out of the slot machines, I kept aside, not placing any back into the machines. When I was done with the initial $100, I had $97 remaining in the cup full of quarters that came out of the machines. The machines I we're playing had posted a 97% return, my experiment had supported what the sign above the machines said.

Really, gambling as a means of income is foolish, the odds don't support it.
But it can be fun if you don't expect anything. Every so often at random, somebody can win something significant. It has to happen, so that others will be attracted to play in that casino. But it's rare.

Casinos really take advantage of peoples fear and ignorance of math.

You are better off playing poker at home with your friends.

I do every so often buy a $1 lottery ticket when the jackpot is really high. The way I see it is I'm buying the temporary fantasy of what I would do with all that money. But the difference in odds between a single $1 ticket and $100 worth of tickets is insignificant.

I've never been to a casino in the UK, but locally I hear that they are not as glamorous as the movies make out, and that instead of the high rolling millionaires in tuxedos and ball gowns you'd hope for, they are full of ordinary people losing money they can't afford to.

I have gambled a few dollars in Las Vegas, but mostly I just lurked and watched people losing fantastic amounts of money. The city wasn't built on winners. Still it subsidises my hotel room, drinks etc so I won't complain.

> It seems like there would be a law which requires that the odds of winning are completely random when playing a Casino's games and slot machines.

Actually, in every part of the US I'm aware of, your odds of winning aren't random, they're set by law and precise. What's random is your likelihood of hitting those odds in any given play.

For example, in Las Vegas, the payout rate might be set by law to 94.71% (the value is made up). That means that over some precise interval of time and/or money taken in, for every hundred dollars the machine takes in, it has to pay out exactly $94.71. The actual interval depends upon the maximum payout, and I'm pretty sure it's specified by law as well.

That's part of the reason I lost interest in the slot machines when I was in Las Vegas (not that I had much interest in them to begin with, but this killed it totally). I initially wasn't interested in the video slot machines, because I was under the impression (the first two or three times I played) that you could influence where the wheels stopped by pushing back the handle. I was wrong. In reality, the mechanical slot machines are every bit as predetermined and out of your control as the video slot machines. The machine determines whether or not you've won the moment you pull the handle, and the actual spinning is just theatrics. In fact, the actual display is legally irrelevant. If there's a malfunction and the wheels visibly stop in a "win" condition, but the system log indicates that you should have lost... you lose.

Years ago, I gambled my Neopoints away on Neopets. I did earn some Neopoints here and there, but overall, I lost so many Neopoints that I got fed up and dumped my Neopet in the pound since I could no longer afford to feed it.

In real life, I have never entered a casino. I suppose that my experience on Neopets is bad enough to deter me from gambling with real money.

I like going to the casino but I think it's a waste of money if you don't win or break even. I'm probably going to go one time next month. My mother likes going too and we go a few times a year. I'm cheap and usually only play the penny ones.

I have only been to a casino once (it was after work, the casino has an alcohol licence until 5am) but did not particularly enjoy the gambling aspect.

I think that was because I know enough about statistics to know that my expected return was less than the amount I bet. The lack of control/skill was probably also a factor (the spin of a roulette wheel and the automatic card shuffling machine are completely unpredictable).