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Originally posted by: MoneyLAsnidely, here's the "mistake" again. you wrote:
"If the pay table is 96% and the casino puts 1% to the progressive then the casino hold is 3%. That never changes."
The point is the pay table may be 96% but the casino never puts anything towards the progressive. the progressive money above the basic 4000 coins from the royal only comes from the players. if the pay table payback is 96% the casino's hold is always 4% on the "core game." the progressive amount above the core 4000 for the royal is separate and is not part of the casino's hold.
Snidely already accounted for the money coming from the players by reducing the hold from 4% to 3%. The money can't go to the casino AND go towards the progressive.
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Originally posted by: MoneyLA
Sindely also wrote: "If the pay table is 96.5% and the casino puts 4% to the progressive then the casino hold is -0.05%. The game is a theoretical loser for the casino."
Again, the casino never loses, and can't lose. The casino puts ZERO towards the progressive. The progressive simply transfers money from a group of players to the lucky winner. The casino's money is not involved in the progressive amount above the first 4000 coins for the royal, and the first 4000 coins was already factored into the reduced pay tables.
Money, this has already been explained to you several times. You are wrong. The amount above the 3.5% would be the casino hold if nothing else was going on. But, there is something going on ... 4% is going towards the progressive. So, the money (even though it comes from the player) is REDIRECTED into the progressive. The casino never sees the 3.5% and may have to add in another .5% if the player's didn't make any errors.
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Originally posted by: MoneyLA
Are you suggesting the casino might lose money on this? No way, never, zero. In fact, Im sure that the M will make so much money from this that Dancer is going to get a big fat check for his work. And frankly, good for him. He came up with a game that will lure in the gamblers with the idea of a big payday for a small bet.