keitha
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Post by keitha on Aug 7, 2024 16:44:41 GMT
Just heard an advert for an online Bingo company "win big with us"
We have a winner every 5 seconds and payout over £7 million a week on average
Those the adverts are aimed at will think "OOH I can win thousands"
The rest of us go
a winner every 5 seconds that's 12 a minute, 720 an hour, 17,280 a day £7 million a week is 1 million a day
1 million / 17280 is £57.87, thus is the average win Given they will want the odd big jackpot I'd make an educated guess the average win is nearer £25
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benaj
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Post by benaj on Aug 7, 2024 16:48:12 GMT
I thought most Bingo customers like their experience and enjoy the fun.
Of course, the licensed bingo operators know well about their margin of the game.
All betting shops / amusement would display something like “When the fun stops, STOP” to protect their businesses
Pretty sure some customers knows their profit margin, but still like to play as a “hobby”. Anyone else has bad habits?
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bernythedolt
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Post by bernythedolt on Aug 7, 2024 19:04:27 GMT
I thought most Bingo customers like their experience and enjoy the fun. Of course, the licensed bingo operators know well about their margin of the game. All betting shops / amusement would display something like “When the fun stops, STOP” to protect their businesses Pretty sure some customers knows their profit margin, but still like to play as a “hobby”. Anyone else has bad habits?My wife says I drink too much, don't exercise, don't do enough around the house, eat too much, smoke too much, never take her out, spend too long on social media, chat up other women, I'm overweight and I gamble* I say my only bad habit is I never listen to my wife. *Some of these may not be true...
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james100
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Post by james100 on Aug 7, 2024 20:17:30 GMT
I worked in a Bingo hall when I was university. Briefly. Loads of gambling addicts, utterly grim and the only job I've ever walked out on.
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agent69
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Post by agent69 on Aug 7, 2024 21:55:06 GMT
I worked in a Bingo hall when I was university. Briefly. Loads of gambling addicts, utterly grim and the only job I've ever walked out on. Many years ago I played snooker in an old converted cinema (snooker tables upstairs and bingo downstairs). The bingo was split into two sessions and when somebody called bingo in the last game of the first half there was a mad rush to the foyer, to see who could get to the fruit machines first.
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keitha
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Post by keitha on Aug 8, 2024 9:41:59 GMT
I worked in a Bingo hall when I was university. Briefly. Loads of gambling addicts, utterly grim and the only job I've ever walked out on. Many years ago I played snooker in an old converted cinema (snooker tables upstairs and bingo downstairs). The bingo was split into two sessions and when somebody called bingo in the last game of the first half there was a mad rush to the foyer, to see who could get to the fruit machines first. Back in the early 80's I can remember being in a public house that sold amongst other things Theakston's old peculiar and Draught Bass, as I walked in I saw a guy I knew by sight go up to the fruit machine, and open his pay packet ( yes some did get cash in those days ) about an hour later he was moaning to all and sundry that it was unfair and he'd just lost a weeks wages. I'd been to the bar for a round and having seen it not pay out for some time decided to feed my loose change into the fruit machine, on the second or third spin it dropped the jackpot and held, this guy came over and started trying to take the money out to the tray at the bottom shouting that it was "his money" the landlord and a couple of people I was with dragged him away. the landlord kindly changed most of the coins up to notes. I was walked home that night not because I was drunk, but because my mates feared he would attack me to get the money.
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badersleg
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Post by badersleg on Aug 8, 2024 18:31:36 GMT
I worked in a Bingo hall when I was university. Briefly. Loads of gambling addicts, utterly grim and the only job I've ever walked out on. One of the reasons it's so addictive is because as well as the person who wins, there's lots of people who are 1 or 2 numbers away from winning. The temptation to 'chase the win' is high.
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benaj
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Post by benaj on Oct 25, 2024 6:38:52 GMT
Yesterday, I met someone who makes a living for playing blackjack. I was told the boss is nearly in his 100, way past retirement age. The aim of the game is reducing the house edge and places bets when the opportunities come.
They travel to casinos everywhere, worldwide. Usually, they have to find another casino when someone tells them “You can’t play here, you know why”
What shocks me is the phone of the story teller, nothing fancy, just a 4 year old basic range smart phone with the bitten fruit at the back. If they really earn that much ….. not to mention, it’s not a sustainable career when their boss could literally pass away anytime, strangely even on the surface, very active and healthy man whom has the capacity of enduring high adrenaline and placing high stakes at his age.
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Post by crabbyoldgit on Oct 25, 2024 7:21:09 GMT
Fruit machines can be and I am sure pritty clever now. I noticed in the past that if this spin of the wheel results in zero credit it was noticable that the the wheels tended to settle in such a position that if with another punt you were offered a hold option your perceived chances of having some form of win appeared high. Suck the idiot in for more cash, never played them much but my mate was addicted.
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adrianc
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Post by adrianc on Oct 25, 2024 7:23:47 GMT
What shocks me is the phone of the story teller, nothing fancy, just a 4 year old basic range smart phone with the bitten fruit at the back. If they really earn that much …. Not everybody places status in their device. If it does the job, why change it? I used to live near an extraordinarily wealthy chap, and met him a few times. And when I say "extraordinarily wealthy", I mean a leading member of a family that owns a LOT of serious business assets and routinely appears very high in the ST Wealth List. Not poor... Yet they drove a couple of grand's worth of decade old Chrysler sprogbus. You can't judge somebody's wealth by a visible possession or two.
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agent69
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Post by agent69 on Oct 25, 2024 8:47:45 GMT
Fruit machines can be and I am sure pritty clever now. I noticed in the past that if this spin of the wheel results in zero credit it was noticable that the the wheels tended to settle in such a position that if with another punt you were offered a hold option your perceived chances of having some form of win appeared high. Suck the idiot in for more cash, never played them much but my mate was addicted. I don't know who first coined the phrase, but I always thought the term 'one armed bandit' was a brilliant way to describe the old fashioned fruit machines.
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michaelc
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Post by michaelc on Oct 25, 2024 13:00:18 GMT
Fruit machines can be and I am sure pritty clever now. I noticed in the past that if this spin of the wheel results in zero credit it was noticable that the the wheels tended to settle in such a position that if with another punt you were offered a hold option your perceived chances of having some form of win appeared high. Suck the idiot in for more cash, never played them much but my mate was addicted. There is technically a way to win. First is to realise that US style (now very common here) machines work completely differently to our traditional pub machine. For a given spin, the US pay distribution is independent of any previous spin. Thus for example, if someone has just won the Jackpot, the probability of another jackpop next spin is actually the same. UK pub machines are not like that. They are indeed highly dependent as they guarantee the owner an increase in takings. This is done essentially by monitoring what the float is and if its low (there hasn't been any payouts for a while) it decreases the chances of a payout next spin. So if someone has just won a jackpot repeat the machine will move to a lean mode where it won't pay and vice-versa. The opposite is true. In fact if you were to try on a pub machine not to collect any win (by "gamlbing it on hi/lo for example") eventually the machine will give you the jackpot as its float has risen so high. So yes, if you were really dull, you could monitor the machine for hours and play accordingly. No point doing that for a US slot machine.
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toffeeboy
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Post by toffeeboy on Oct 25, 2024 15:53:11 GMT
Fruit machines can be and I am sure pritty clever now. I noticed in the past that if this spin of the wheel results in zero credit it was noticable that the the wheels tended to settle in such a position that if with another punt you were offered a hold option your perceived chances of having some form of win appeared high. Suck the idiot in for more cash, never played them much but my mate was addicted. There is technically a way to win. First is to realise that US style (now very common here) machines work completely differently to our traditional pub machine. For a given spin, the US pay distribution is independent of any previous spin. Thus for example, if someone has just won the Jackpot, the probability of another jackpop next spin is actually the same. UK pub machines are not like that. They are indeed highly dependent as they guarantee the owner an increase in takings. This is done essentially by monitoring what the float is and if its low (there hasn't been any payouts for a while) it decreases the chances of a payout next spin. So if someone has just won a jackpot repeat the machine will move to a lean mode where it won't pay and vice-versa. The opposite is true. In fact if you were to try on a pub machine not to collect any win (by "gamlbing it on hi/lo for example") eventually the machine will give you the jackpot as its float has risen so high. So yes, if you were really dull, you could monitor the machine for hours and play accordingly. No point doing that for a US slot machine. Back in the early 2000's I used to know a lad that knew certain fruit machines well enough that he could tell if it was near to paying out or not. Obviously spent a lot of time, don't know what his day job was so maybe not money if he had access to these certain machines for free, learning their patterns. Anyway he made a decent amount of money going from pub to pub that had these machines, this was in London so easy to get to plenty of pubs, buy a coke or whatever and stick a few quid in the machine. As I say he always made a bit of cash from it so he did seem to know what he was doing, used to tell my mates in our local when not to play a machine as it wasn't going to pay out for a while. Never got into fruit machines myself except the cheap ones when we went to the coast. UK machines had a payout percentage that they to keep to at a minimum, around 78% if I remember correctly, so they had to have some kind of pattern to keep to that. Obviously never machines have more advanced technology to payout enough rather than a pattern.
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