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Old 08-25-2005, 02:31 PM
AaronBrown AaronBrown is offline
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Join Date: May 2005
Location: New York
Posts: 505
Default Re: odds terminology, does a bet pay 1:1 or 2:1

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Somewhat of a hijack: Something that really annoys me is when you get the pair of jacks or better on a video poker machine and just get your money back, and WINNER!, in big letters, flashes on the screen. I've even run across video slot machines where I put 5 coins in, get three back, and the machine tells me I'm a WINNER! Do they think I'm stupid? Well come to think of it, if I'm in a casino playing a -EV machine, maybe it's not so unreasonable for them to assume that I'm stupid.

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The casino is just being honest. They think of every dollar that walks in the door as belonging to them, every time you get to keep a little of your money for a little longer makes you a winner. Everyone can be a winner!
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