Hey Todd,
With the comparison of 1 coin at $0.50 or 5 coins at $0.10 (assuming that each of the machines has a 5-coin maximum bet), that is much more relevant if the pay schedules of the games at each of those levels is exactly the same.
Although I should say that no matter what the pay schedules that are offered end up paying, if the Royal Flush pays 250-500-750-1000-4000 coins across for the 1-5 coin insertion (again assuming that they are both 5-coin maximum machines), the person playing on one coin at $0.50 will be paid $125 (250 Coins X $0.50) for the Royal Flush whereas at the $0.10 level, the full coin-in Royal Flush will pay $400 (4,000 Coins X $0.10). So in the end, the question that the player should be asked would be which would you rather be paid for the Royal Flush starting with the same $0.50 starting base -- $125 or $400?
But then again, if some people after being given that information still want to be oblivious to what is actually going on, then that's entirely on them!
This makes me think of the Mark Twain saying that, "But for the fools, we would not succeed!"
RecVPPlayer