Originally Posted by
DMark
Thank you opus17, that is exactly what I was trying to say, but you phrased it perfectly. On those 99% (or even 100%) payout slots, people assume they cannot lose, ever!
If you have a nice bankroll, plenty of time, and are absolutely certain you are sitting at one of those slots, you will indeed notice the high return over time. But if you only have a limited amount of money to play, and limited time to play, you can just as easily lose your money even on a 100% payout machines.
And be sure to remember that probability has no "memory" -- if you sat at a 100% payout machine for 3 hours and get 0% back, the same machine (or any other machine with the same pay table) will not "know" that and pay you 200% over the next 3 hours. On the other hand, if you just hit a royal flush, you have just a good of a chance on the next play to hit another one (i.e., not very good).