Questions tagged [gambling]

Being a computer programmer I assumed that every single spin of a poker machine was pre-calculated by the machine thus avoiding the chance of multiple large pays being payed out in a short period of time. e.g Some guy puts in 5 bucks but spins 3 x…

According to The Crime of Reason: And the Closing of the Scientific Mind: In March 1986, Las Vegas newspapers buzzed with rumors that the MGM Grand Hotel and Casino had suffered its worst weekly take in history – including the week of its terrible…

As I understand it, the manufacturer of the slot machine is on the hook for any progressive jackpot the machine pays out. Given that modern day slot machines use a random number generator (and knowing a few things about how RNGs are not quite random…

There are currently claims that between 30% and 70% percent of lottery winners will go bankrupt. Indeed, the Certified Financial Planner Board of Standards says nearly a third of lottery winners declare bankruptcy—meaning they were worse off than…