Chainsaw Hits 1.2M Jackpot
Can't believe this hasn't been posted yet:
My only guess is they monitor the amount of $ going into the machine over time. When it gets over a certain threshold, that triggers +EV state and they jump in.
They could work in teams, with one team member sitting at an adjacent machine and basically doing nothing but monitoring the suspect machine(s). Or they could pay a slots employee to watch those machines and communicate every hour or so.
What I mean is how do they know exactly what the threshold is to be +EV?
I don't know. Perhaps its publicly available information. Maybe they have historical payout data on each type of machine and infer the threshold. I lean on the latter.
You'd be crazy to state you were advantage playing a machine after winning a $1.2m jackpot, regardless of your view of the ethics and/or legality of the advantage play in question.
I'm buying 200 ounces of gold and holding till $3,000/oz. Easy 20%. Gold is in price discovery (highest it's ever been.) Wish I could go back a few years and buy it up at $1,700-1,800/oz.
Buffett on Gold.
Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
2. “The problem with commodities is that you are betting on what someone else would pay for them in six months. The commodity itself isn’t going to do anything for you….it is an entirely different game to buy a lump of something and hope that somebody else pays you more for that lump two years from now than it is to buy something that you expect to produce income for you over time.”
3. “Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything."
4. “I will say this about gold. If you took all the gold in the world, it would roughly make a cube 67 feet on a side…Now for that same cube of gold, it would be worth at today’s market prices about $7 trillion – that’s probably about a third of the value of all the stocks in the United States…For $7 trillion…you could have all the farmland in the United States, you could have about seven Exxon Mobils (XOM) and you could have a trillion dollars of walking-around money…And if you offered me the choice of looking at some 67 foot cube of gold and looking at it all day, and you know me touching it and fondling it occasionally…Call me crazy, but I’ll take the farmland and the Exxon Mobils.”
5. “The major asset in this category is gold, currently a huge favorite of investors who fear almost all other assets, especially paper money (of whose value, as noted, they are right to be fearful). Gold, however, has two significant shortcomings, being neither of much use nor procreative. True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end.”
6. “What motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As 'bandwagon' investors join any party, they create their own truth — for a while."
7. “I have no views as to where it will be, but the one thing I can tell you is it won’t do anything between now and then except look at you. Whereas, you know, Coca-Cola (KO) will be making money, and I think Wells Fargo (WFC) will be making a lot of money and there will be a lot — and it’s a lot — it’s a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that."
Quick tell chainsaw I'm at a bar in vegas that has a $3k progressive on.25 vp double bonus machines.
Most Vegas bartops have hideously bad pay tables, and are hugely -EV.
Typical 2+2 fail where the most words are written by people that know the least. The banked bonus must hit before $1,800 in example of Buffalo shown in picture I'm posting. If you found a non-linked machine at $1,799.98 it must hit win you make a wager and an increment of your wager gets added to the machine's banked bonus.
And people are confusing having to lock up a seat early playing slowly with playing fast for 12 hours. This time factor should be left out of the conversation going forwar
To be clear the bonus on that isn’t $1800. The bonus just triggers a bonus game. Our nearest casino has 4 groups of Buffalo machines and you can bank on at least two vultures standing around waiting. The casino removed all of the Scarab and Ocean Magic variation machines due to the vultures.
I've never really understood how APs can know that a slot machine is +EV. Typically casinos never report the payout percentages of individual slot machines, and it don't believe the value of a particular bonus is known to the public. Even the probability of hitting a bonus on a given spin is not known. This is far different from video poker where the exact payout of a particular machine or a specific play is straightforwardly calculable.
Do APs have some inside information into the programming
Usually it’s due to wilds or bonuses left on the screen. Ocean Magic is one of the easiest. The wilds move up from the bottom so if you catch a machine with a bunch of wilds on it outside of the top level (bottom is best) you play. Scarab is another that you fill gold jewels up to trigger a bonus. Once there are so many jewels filled the machine becomes +ev. There are quite a few similar to those and a lot of those slots are branded by other names.
Wizard of Odds breaks down some of the Buffalo games. The problem with all of them are that everyone knows so it’s hard to get one in the right state and there is always competition.
To be clear the bonus on that isn’t $1800. The bonus just triggers a bonus game. Our nearest casino has 4 groups of Buffalo machines and you can bank on at least two vultures standing around waiting. The casino removed all of the Scarab and Ocean Magic variation machines due to the vultures.
I was being coy and only giving a "bank bonus for dummies" general idea of how machines work. It doesn't matter if it is filling in a cherry pie, bonus run machine or every slot in the high roller area linked, giving a detailed description of one type of machine is a worthless rabbit hole.
I know nothing about these machines, what's making that $1800 number go up?
New machines are constantly being created with different features making a discussion about a particular type of machine a bit worthless unless just out of curiosity. I'm not sure what you mean by "go up." You could need 1,800 buffalos, you could need to get cherries to fill up a cherry pie, etc. depending on what you are playing. But the "go up" is also based on your wager. You might wager extra for the bonus or it might be a machine where an increment of your wager gets added to the bonus bank. Also you might win money or you might only win bonus spins. Different types of machines equals different rewards. Instead of trying to learn a lot about a machine that might not even be available in your nearest casino, it would probably be best to find out what specific advantage play machines are available in your local casino. Or pull a Chainsaw and listen very carefully while walking around as the machines might talk to you.
To be clear the bonus on that isn’t $1800. The bonus just triggers a bonus game. Our nearest casino has 4 groups of Buffalo machines and you can bank on at least two vultures standing around waiting. The casino removed all of the Scarab and Ocean Magic variation machines due to the vultures.
Why not just remove the vultures?
I dont know that specific machine but it seems to be the golden buffalo symbol which is probably some kind of wild.
The 1800 is not a collect that will trigger something when its filled up.
It might trigger at any point before too it just states that the feature needs to be won before 1800 buffaloes are collected and from comments it seems not just on this one machine but the linked ones too.
Yeh thanks I get it now, it's like a certain roll. I was getting confused as I thought it was a dollar amount.
I was shocked that the nittiest human being on earth regularly enjoys... slot machines.
Right? I think it's clear though he only enjoys poker and other games of luck/"skill" - food, clothes, cars,etc do not interest the chainsaw. I could see him mindlessly playing slots for the free drinks, comps, and maybe a break even EV. He has nothing else to do after busting a poker tournament.
Right? I think it's clear though he only enjoys poker and other games of luck/"skill" - food, clothes, cars,etc do not interest the chainsaw. I could see him mindlessly playing slots for the free drinks, comps, and maybe a break even EV. He has nothing else to do after busting a poker tournament.
He's been a slot AP for a long time.
Right? I think it's clear though he only enjoys poker and other games of luck/"skill" - food, clothes, cars,etc do not interest the chainsaw. I could see him mindlessly playing slots for the free drinks, comps, and maybe a break even EV. He has nothing else to do after busting a poker tournament.
There is a quote somewhere that Buffett is similar, he doesn’t care about spending money, unless it buys him time, otherwise it’s just for keeping score in the game he loves. There is something healthy about that.
he was advantage playing slots for sure as far back as 2009 and probably earlier, he used to talk about it a lot on here. I remember him posting about bouncing around video poker machines he had found that were +ev
It actually is a real thing that maths out. Only certain machines though. It’s good for about $10 an hour at least if there are a decent number of a certain video poker machines in a casino. Maybe more in Vegas where there are tons of casinos around.
Only works in physical casinos (aside from some high profile screw ups that happened a few years back) since it requires another player to rack up and leave behind bonuses.
I'm currently reading a novel titled 'The King of Video Poker'.
I was really disappointed when I figured out that it wasn't a roman a clef based on the life of Allan Kessler.
Because he, like many advantage-play slot players, searches the casino floor for machines that were left in a state where the next spins would be +EV. It is a learnable skill, and it is a great help to people seeking to boost their status in casino players' clubs, because slot play is seen by casino management as more desirable than video poker play. I am not aware of any particular degree of casino heat being applied to AP slot players -- I certainly have never experienced it.
By the way, state
I've (sort of) had heat from the casino floor for AP plays on a form of video roulette played on these slot machines. But that was rare compared to the occasions they let me play despite the fact I was obviously playing them vastly different to how regular punters were playing them
