Spinning-reel slots in particular are profit juggernauts for most #casinos, outperforming table games like blackjack, video poker machines and other forms of gambling. What about slot machines makes them such reliable money makers?
fxstat.com/en/user/profil… In part, it has something to do with casinos’ ability to hide their true price from even the savviest of gamblers.
The price of a slot
An important economic theory holds that when the price of something goes up, demand for it tends to fall.
The price of a slot
An important economic theory holds that when the price of something goes up, demand for it tends to fall.
postheaven.net/sotongdewa/pak… But that depends on price transparency, which exists for most of the day-to-day purchases we make. That is, other than visits to the doctor’s office and possibly the auto mechanic, we know the price of most products and services before we decide to pay for
vingle.net/posts/4061456 Slots may be even worse than the doctor’s office, in that most of us will never know the true price of our wagers. Which means the law of supply and demand breaks down.
themepalace.com/users/sotongde… Casino operators usually think of price in terms of what is known as the average or expected house advantage on each bet placed by players. Basically, it’s the long-term edge that is built into the game.
mojomarketplace.com/user/sotongdew… For an individual player, his or her limited interaction with the game will result in a “price” that looks a lot different.
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