--- In vpFREE@yahoogroups.com, bjaygold@... wrote:
>
> If there's anything to that 91% figure (doubtful), it could mean
> that players on average lose 9% of the money they insert in the
> machine. This could include more than one "run through" of that
> money. A different way of looking at "total payout."
All I know is that my play statistics likely look quite favorable if measured as net loss as a % of machine "buy in". I tend to play long sessions and frequently lose all my credits.
Of course, that statistic would be cast in a more sober light if set along side my promotional cash, expressed as a % of machine "buy in".
What this thread likely highlights, if anything, is that much of casino management suffers from a degree of statistical blindness. This general phenomenon has been termed "innumeracy" (i.e. mathematical illiteracy) by Douglas Hofstadter, and was the topic of a book by the same name by John Allen Paulos (an excellent read).
