The slot machine that never hits

[universal4]

The slot machine that never hits (or should I say, never has yet)

http://finance.yahoo.com/news/vegas-...9860.html?vp=1

20 Years waiting for a single payout

Rick
Universal4

[Doolally]

20 Years!! That's a long time waiting for the big one.

[Scampi]

Shouldn't that slot be the one to avoid? So many people thinking a random machine is 'due' to pay. After 20 years they should get the hint.

[universal4]

I tend to lean toward the fact that every dime put in without a payout lowers the house edge.

Rick
Universal4

[sweetbet]

Seriously, something is not quite right here. I'm guessing there is something wrong with the machine. 20 years with no payout ?

[edgarf76]

How often does a slot machine on average?


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[eaton2003]

Once it hits it will be one heck of a payout

[baldidiot]

I tend to lean toward the fact that every dime put in without a payout lowers the house edge.

Rick
Universal4

It's a progressive through, right? So in theory the longer it goes without a win the more likely it is to be +EV (ie: if the value of the jackpot exceeds the odds of winning it).

But dang son - 20 years?

[louie.wilson]

Sounds crazy, great marketing tool though.
Curious to see how many years it will keep attracting players without paying

[Renee]

So that's the machine I need to look out for in vegas then?

[DaftDog]

Sounds crazy, great marketing tool though.
Curious to see how many years it will keep attracting players without paying

It's called "Gambler drip-feed", a very fertile way of parting gamblers from their money.

[TheWaiter]

If it has not paid out in 20 years it is either not played very often ($2m jackpot?) or is a really unlucky machine (or faulty)

[universal4]

That machine is not only played often, but I have read a few articles about people waiting in line for it. Also slots hosts and most customer service people are asked frequently by guests where the machine is.

Renee, I am not sure if I will go to Vegas in the fall, but if I do I'd be happy to share a play session (as well as the jackpot) on the slot with you.

Rick
Universal4

[TheWaiter]

Surely if it's played often over 20 years then it should of accumulated a larger jackpot of $2m? having said that, with it's age it may be $0.10 per spin

[Renee]

That machine is not only played often, but I have read a few articles about people waiting in line for it. Also slots hosts and most customer service people are asked frequently by guests where the machine is.

Renee, I am not sure if I will go to Vegas in the fall, but if I do I'd be happy to share a play session (as well as the jackpot) on the slot with you.

Rick
Universal4

Rick if I happen to head over, I will hit you up. Happy to share it. I'm not greedy