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Hi and welcome to our series of educational videos that are designed to make you a smarter gambler my name is Steve Buried I'm the author of the American casino guide which is the number one bestselling book in the US on the subject of casino gambling and travel any the only book that comes with more than one thousand dollars in casino coupons if you want to know more about me or my book be sure to visit my website at americancasinoguide.com In this video IN#39’ll be speaking with gambling expert Michael Shacklefordwho is also known as The Wizard of odds and I asked him all about slot machines we videotaped this interview with Mike in Las Vegas in September 2010and am sure that it will help to answer many of the questions that you have about slot machines. How do slot machines at work? The way slot machines work whether they be physical reels or a video slot is the moment the player presses the spin button random numbers will be picked from a certain range, and they will be mapped to positions on the reelstripsone random number for each reel the game will score whatever the player got and pay the players each wheel is independent and the outcome is determined the moment the player hits that spin button. Does it matter if you push the spinbuttonor pull the handle? Absolutely not whether it be pulling the handle or pressing the button the moment you do either one of Thomas when the machine picks its random numbers which determine what you will win Is there such a thing as a looser a tight slot machine? There is a difference between loose machine and a tight machine according tithe the prompt chip which is the computer chip that the slot machine manager decides to put in that machine one slot manager may decide to set his slots at 92 percent and another one at 90 percent however the players are not going to know what chip is in that machine, and you hear players complain all the time this machine is a cold machine the reason that player is complaining is probably because he just had bad luck it takes millions of spins for a slot machine to start to approach the theoretical percentage that it's supposed to pain the short run anything can happen as with any form a gambling there any way to tell if a casino has tight or loose slots? Nine years ago I did a survey of all Las Vegas and tested how loose they set their slot machines and few rule soph thumb that I can give you and there are plenty of exceptions tothisrule one is that the nicer the casino the tighter the slots and rule number two the further away you get from the strip the looser the slots Can someone in the back room just flip a switch to change the payback percentage on a slot machine while you are playing it? There's a common myth that some guy in a back office somewhere can flip the switch and change the slot machine from being loose to tight that absolutely is a myth with most slot machines if you want to change the theoretical return percentage you have to get a key open it up changes...

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What is keno wizard of odds?

Keno wizard of odds is a tool used to calculate the odds of winning in the game of keno.

Who is required to file keno wizard of odds?

Anyone playing or managing a keno game may be required to use the keno wizard of odds tool for accuracy.

How to fill out keno wizard of odds?

To fill out keno wizard of odds, input the numbers you selected and the tool will provide you with the odds of winning.

What is the purpose of keno wizard of odds?

The purpose of keno wizard of odds is to help players understand their odds of winning in the game of keno.

What information must be reported on keno wizard of odds?

The numbers selected by the player and the odds of winning based on those numbers.

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