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Slot machines are deceptively simple to play, with four steps from "want to play" to "cashing out." Slot machines appeal to casinos because they are, as long as enough people play them, stable money-makers. To explain why they are so reliable for casinos, I talked to Bob POKER Ambrose, who broke into the industry at the Tropicana Atlantic City in the early 1980s and is today a gaming consultant and casino management instructor at Fairleigh Dickinson University. It is all, he says, about the game math. When casinos look at how a slot machine is performing, the most basic number they look at is the drop. That is the money deposited by the player in the machines. Another number you might hear is handle, which Ambrose defines as the total amount bet by a player. How can a player bet more money than she puts in? Well, if she puts in $100, wins a $50 jackpot, and keeps on playing until all her money is gone (including that $50 "win"), she has generated a drop of $100 and handle of $150. Whats left after the machine pays out its jackpots is the casino win, also known as revenue. So how do slot machines decide who wins and who loses? Payouts on slots are statistically calculated , says Ambrose.

For the original version including any supplementary images or video, visit https://www.forbes.com/sites/davidschwartz/2018/06/04/how-casinos-use-math-to-make-money-when-you-play-the-slots/

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Yes, some money is earmarked to go to schools, and supporters argue that something is better than nothing. But in 2015, when the instant racing machines were still in action, about $600,000 was sent to schools, out of about $88 million in revenue generated. When divided among the states 90 school districts, that averages out to about $6,667 per school district, or about $2 per student. For those opposed to the measure, thats not enough to offset the detrimental effects caused by gambling in society. One of the big sticking points was the notion, too, that a private, for-profit business would capitalize on gambling.

For the original version including any supplementary images or video, visit https://www.idahopress.com/opinion/editorials/vote-no-on-horse-racing-slot-machines/article_693a10be-0df4-58ca-a7c1-b4a51e39f992.html

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