Pokies and Slot Machine Information

How to lose $1.8m in 5 hours

May 4, 2006 on 8:07 pm | In Slot machine articles online |

The basic theory of slot machine play might be surmised as “the more you bet, the more you lose”. In general this theory holds true, unless venues deliberately increase payout rates on slot machines in order to attract high turnover players.

A new story has come to light which really drives this point home:

“Golfer John Daly…drove to Las Vegas and says he lost $1.65 million in five hours playing mostly $5,000 slot machines”

Fox Sports Article

Its hard to imagine a $5,000 slot machine. Simply adding cash sufficient to play one game would involve inserting 50 hundred dollar bills. Presumably high roller slot machines such as played by Mr Daly offer alternative methods of inserting vast quantities of cash.

If the machines being played were to offer a very high 97% payout rate, at a bet of $5,000 a time a player might expect to lose $150 a spin over the long term.