What's Your Take on the Slot Player who Hit Five Jackpots in Three Days

I assume you've seen the story of the person who recently hit multiple big jackpots on slot machines. I first came across the story on the Review Journal’s page. According to them, after hitting three jackpots in one night last week worth $667,750, then another Thursday worth $692,500, the player hit jackpots worth $157,500 Thursday night, followed by another slot jackpot win of $100,000 early Friday. I can’t begin to imagine the odds against this. My initial thoughts are he figured something out or there might just be some foul play. You folks have seen it all. What’s your best guess on this one? I can only imagine the internal investigation going on at the casino to try to figure out what in the world is going on.

[Editor's Note: We sent this question to Stewart Ethier, considered one of the world's foremost gambling mathematicians. His response is as simple as it is elegant.]

"The key to understanding what happened here is revealed in the Las Vegas Review-Journal article: 'The player was playing $2,500 per spin.'

"So the $692K jackpot, in terms of the bet size, was 277 units. Multiple jackpots of this size aren't especially unusual, not in the way hitting a single Megabucks or Powerball jackpot is."

For example, a royal pays 250 coins on many video poker schedules.

As Anthony Curtis wrote in this issue of the Las Vegas Advisor, the four jackpots paid out upwards of $1.6 million, "minus whatever it cost to hit them." And at $2,500 per spin, assuming an average of 600 spins per hour, that's $1.5 million coin in every 60 minutes. None of the breathless press releases copied endlessly by media outlets reported that.

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Comments

Jon Anderson Apr-19-2024

big payouts for big bets

was watching a you-tube video the other day and this guy was betting the same $2500 per spin and even a cherry or two was a hand-pay...so am sure when he did hit something worthy, even a simple line-pay, it was quite large...what a ride that must have been for the big winner...and think of all the points/comps earned...wow !! hope he had a net profit when all the smoke cleared...guess we'll never know...well anthony and andrew, what kinda tips you suppose the winner doled out ??? 2-3 % or more ???

thebeachbum Apr-19-2024

We Assume a Big Winner

We assume he was a big winner by the amount of "winnings".  What we don't know is what did it cost him to "win".  He could easily be way in the hole.

O2bnVegas Apr-19-2024

who pays taxes?

Does YouTube give front money to those guys?  Take care of taxes on taxable hits?

Candy

SCOTT Apr-19-2024

Taxes?

I have watched Youtube videos of guys starting with say, $10k, get multiple tax form hits and end with nothing. So they have to pay the taxes on all those hits with nothing to show for in the end?

hawks242424 Apr-19-2024

Video Poker Hits

I hate when casinos and the new publications propter 4 Aces or 4 with a kicker at the $25 level and up as huge jackpots hit.  I want a picture with a check for my 4oak with a kicker for $500 that gets me back to $1000 down for my trip

Walter Suttle Apr-19-2024

Checks

Do they pay big payouts by check.? Bet he stiffed on tips.

kafka45 Apr-19-2024

points

I'll bet his card point total was something to see............

Question of the Day - 19 April 2024

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