Up or Down $$$ Overall??
People LOVE to ask me many personal questions, especially when it comes to money. I personally was raised never to ask questions about someone else's finances when it came to family members, let alone complete strangers, haha. That said, I will answer the question of if I am UP or DOWN for the year.
I strictly promote responsible gambling with an entertainment budget. If you have expendable income, then the casino is a fun place to go. Seeming as I do this for a living, and play A LOT, I have some inside information when it comes to gambling. There is probably a fraction of 1% of people who can honestly (yes gamblers, please be honest...) say they made a profit from gambling in any given year. Most of which probably only gambled a handful of times at most. For those of us who gamble monthly at a minimum, the reality is that nobody makes a profit playing slot machines. That's right, not even me....or rather...especially not me!
To find out how you faired in 2019, you will need to gather together a Win/Loss Statement from every casino you've played at in a previous year. Provided you always used your players card, this is the best method for seeing how you did. The first thing you'll look at is the Coin In. This doesn't mean how much money you put in the machine physically, it means how much you gambled with. It counts the money recycled to keep gambling with. So even though you may have only put in $100, the machine may count you having gambled with $300 since you would have won some money, and then played it back. Here is an example:
Coin In: $250,000
That my friends, is a scary number for sure. It would probably represents someone playing with about $35,000 and then recycling the money.
Next and more importantly is Coin Out, which tells you how much you cashed out of the machines. This does not include any jackpot handpays which is shown on a separate line.
Coin Out: $200,000
Total Out: $225,000
Now if we subtract the total coin out from the total coin in, we have our "profits"!
Total Net Loss: $25,000
Now to take it one step further, to find out our average payout percentage, we divide our total Coin Out from our total Coin IN, and we get
Payout Percentage: 90%.
That means that for every $100 gambled, $10 was lost. This would be considered a good payout percentage considering the average Vegas payout percentage being 91.96%. My payout percentages are much lower because of me playing more to make videos that create a profit. So if I hit $200 on my first spin of a game, rather than cash out I kept playing to give you a longer video. So it's your fault, 😂.
Out of all 25 casinos I gambled at in 2019, I probably have a positive outcome from about 5 of them overall. With casinos designed to take our money, they're doing their job.
In order to get your Win/Loss Statement, the majority of casinos make you wait until February to gather them. Some of them still are in the stone age and require you to either come in person, or send a hand written letter to them requesting a win/loss by mail! One in particular requires you to get a letter notarized before mailing it to them first!
Let's keep in mind that when analyzing that I've lost a lot of money in 2019. I enjoyed numerous hotel stays in luxury suites, I had thousands of dollars covered in food and entertainment plus a further tens of thousands in freeplay granted to me and other perks like free drinks in the casino. Even with all of that, I still paid a hefty price for the entertainment. For all of the adrenaline rushes and excitement of everything I received, it was a good investment for me. Plus I got to spend quality time with my friends and family and share all of my experiences with you. Now if I didn't have a channel that required 400 videos a year, I'd probably have been down much much less I imagine based on my play style and traveling to Vegas and beyond much less.
Based on the first few Win/Loss Statements I've been able to get so far, I am indeed DOWN for 2019, by a lot. But so are you, and that helps me feel better about myself, haha, thanks.
Before you go on a trip, ask yourself 'what is my entertainment worth'? Is it worth $50 or $50,000? Whichever it is, be sure to pack some extra #RudieLuck!
For your convenience, I have updated the complete list of Past Blogs to the right of here. See a subject you like, click and enjoy!
Brian Christopher xoxo ❤️
To find out the payout percentages of your area, visit American Casino Guides resource here.
Brian Christopher is a popular YouTube Star specializing in Slot Machine Gambling Videos