Self ban on games online bookies & machines inside bookies

[Nico29]

if these are random number generators, then how can they guarantee the payout?

A computer only does what you program to do it, then only does what you tell it to do when using it

It is a guaranteed payout. Just not necessarily to you.

Otherwise, the only way it could guarantee doing it correctly would be, every time you put a pound in, it whirs, flashes some lights, makes a ding ding and then drops four twenty pence pieces into the tray for you.

Tal you really do come across as patronising sometimes.

[aaron1867]

if these are random number generators, then how can they guarantee the payout?

A computer only does what you program to do it, then only does what you tell it to do when using it

It is a guaranteed payout. Just not necessarily to you.

Otherwise, the only way it could guarantee doing it correctly would be, every time you put a pound in, it whirs, flashes some lights, makes a ding ding and then drops four twenty pence pieces into the tray for you.

Tal you really do come across as patronising sometimes.

Yeah, this.

Appreciated his bluntness earlier, but disappointing last couple of posts.

[AdamM]

if these are random number generators, then how can they guarantee the payout?

A computer only does what you program to do it, then only does what you tell it to do when using it

the reason the roulette table has an edge built into it is the correct odds aren't being paid out for the actual chances of an event.
there are 18 odd, 18 even and 1 niether, but it pays evens
18 red, 18 black and 1 niether, but it pays evens
same with all the other bets.
If you remove the 0 from a roulette wheel, it pays as 100% dead.
The house edge on every single bet on the roulette table is 2.7%.
Doesn't matter a jot where you place your chips.
The profit the make from the player however is NOT that 2.7%, because people are churning their money.
The "hold" is far higher.

As I say, it would be improper of me to discuss the details of how slots work, but I can promise you that the finishing positions of the reels is completely random, and every out come is possible on every spin. each game is an independant event.

[DMorgan]

Don't think Tal is being patronising at all.

You can't possibly gamble for a living without understanding this mathematical principle.

[Tal]

Wasn't my intention but I wholeheartedly apologise, as I appreciate I have caused offence.

[FUN4FRASER]

if these are random number generators, then how can they guarantee the payout?

A computer only does what you program to do it, then only does what you tell it to do when using it

Having seen these machines in operation I dont believe they are random number generators either( despite bookies claims.)

whether Im right or wrong goutys statement sums it up

"I have worked in betting shops for 24 years and never seen  a winning punter on fobts "

Stay Away   

[gouty]

The fobts are random but the game of roulette has a built in -EV margin.

If you get your head around the fact that every time you spin £10 on the machine you may as well throw 37 pence in the bin that may help. I used to play table games in the casino after poker or in breaks, but as I improved at poker and began to understand variance more it simply dawned on me how ridiculous it is to play games that have built in house edge.

Sports betting is different as although there is a house edge like bookies over rounds or betfairs commission there is still room for profit if you are very selective and can get on.

I have worked in betting shops for 24 years and never seen  a winning punter on fobts. There you are. Surely that is incentive enough not to play them.

Just before I break this post down, I just want to say this is not typical "aaron is right" attitude i'm going to get at, but I think you are wrong in the first bit, surely?i

The odds in a casino on roulette & BJ are so much different to the mahcines in the bookies, the casino has a 0.? edge, whilst the machine is % payout, so before you get on you know you this machine will win daily. Surely if it was a random number generator then they can't guarantee what % they are going  to win or lose! You put £1000 into those machines, they are paying out £720.

I know there is no winner, hence why I want to quit.

I am pretty young age and I am one of the few that love horse racing & I am lucky enough not to go into the bookies and hit the machines like the younger generation, however I can hit them and just wish I didn't at all. Could you hazard a guess to how many little independent bookies have in their shops?

I am an independent shop. We have 4 fobts. None of them have gtd % payouts as I think that is more for pub machines.

They are random I can assure you. It is also now the most regulated part of the business as we are asking kids for ID all day long then banning them if they keep coming in without ID. We even have a sign now stating " if you look under 21 and do not have ID please do not enter".

Just underneath the "Arbers F... Off" sign actually.

[The Camel]

Roulette has roughly a 3% house edge.

That doesn't mean if £1000 is put in £970 is paid out though.

The money is recycled over and over again, with a theoretical 3% edge on each spin.

So if you stake £1000 evenly over the wheel you will get £970 back on one spin, reinvest the 970 you will get 941 or so back.

It won't take long before you've pretty much done your grand

[AdamM]

Roulette has roughly a 3% house edge.

That doesn't mean if £1000 is put in £970 is paid out though.

The money is recycled over and over again, with a theoretical 3% edge on each spin.

So if you stake £1000 evenly over the wheel you will get £970 back on one spin, reinvest the 970 you will get 941 or so back.

It won't take long before you've pretty much done your grand

exactly the difference between theoretical RTP and "Hold"

[AdamM]

if these are random number generators, then how can they guarantee the payout?

A computer only does what you program to do it, then only does what you tell it to do when using it

Having seen these machines in operation I dont believe they are random number generators either( despite bookies claims.)

whether Im right or wrong...

but you're dfinitely wrong

being random and being possible to win long term are different questions entirely.

If we roll a perfectly good dice a million times and I pay you 4/1 every time a 6 lands, you can't beat the game.
Doesn't stop the dice being random

[aaron1867]

Put the same bet on with a casino

Put the same bet on with a machine

pretty confident I know which one is making more money

[kinboshi]

http://www.theguardian.com/uk/2013/may/27/roulette-machines-crack-cocaine-gambling

Good article.

[Marky147]

My old man used to have club machines at his place that were set to payout at 78%, but it was over every 23000 plays, not every £100/£500 that was put in, and I always thought that the FOBTs would be the same.

[Acidmouse]

I used to be tempted but it helps if I only leave the house with the exact amount I plan to place on the horses or sporting bets. No cards, extra or temping amounts to use on anything else apart from the scheduled bet I believe I have an edge on.

[kinboshi]

Put the same bet on with a casino

Put the same bet on with a machine

pretty confident I know which one is making more money

I reckon the a roulette wheel in a casino will be making more money than a single FOBT - the limits are higher.