a good brief on the 'one arm bandits'
video and transcript
this exerpt highlights that one has no idea of the odds.........
"In the old one-armed bandits there were real reels that spun when the handle was pulled. But in today’s electronic pokies the reels are only computer simulations.
And because they’re virtual they can be of any size. Some are small and have only 25 icons; others are much larger and have more than 150. And of course the more icons on a wheel, the lower the chance of the winning icon coming up. This can make it very difficult for gamblers to get a subjective feel for the odds.
And the machines tend to distort a gambler’s estimate of how many times they’ve won or lost."
- Forums
- ASX - General
- is gambling recession proof
is gambling recession proof, page-3
Featured News
Featured News
The Watchlist
VMM
VIRIDIS MINING AND MINERALS LIMITED
Rafael Moreno, CEO
Rafael Moreno
CEO
SPONSORED BY The Market Online