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What about slot machines makes them such reliable money makers? In part, it has something to do with casinos ability to hide their true price from even the savviest of gamblers. An important economic theory holds that when the price จับ พนัน บอล ออนไลน์ 2560 of something goes up, demand for it tends to fall. But that depends on price transparency , which exists for most of the day-to-day purchases we make. That is, other than visits to the doctors office and possibly the auto mechanic, we know the price of most products and services before we decide to pay for them. Slots may be even worse than the doctors office, in that most of us will never know the true price of our wagers. Which means the law of supply and demand breaks down. Casino operators usually think of price in terms of what is known as the average or expected house advantage on each bet placed by players. Basically, its the long-term edge that is built into the game. For an individual player, his or her limited interaction with the game will result in a price that looks a lot different. For example, consider a game with a 10 percent house advantage which is fairly typical.

For the original version including any supplementary images or video, visit http://theconversation.com/how-slot-machines-work-and-why-you-should-think-twice-before-playing-them-100700

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The historical horse racing initiative thats on the ballot in November is a difficult decision. This editorial board wrestled with the issue and had a hard time coming to agreement. In the end, a narrow majority of board members agreed to recommend a no vote on the ballot measure. On Nov. 6, voters in Idaho will be asked to vote on whether to allow historical horse racing machines in Idaho with conditions.

For the original version including any supplementary images or video, visit https://www.idahopress.com/opinion/editorials/vote-no-on-horse-racing-slot-machines/article_693a10be-0df4-58ca-a7c1-b4a51e39f992.html

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