A Trading puzzle

Wouldn't the oddball slot just require a bigger denomination that when multiplied by the payout net makes that machine have net (winnings) 25% greater?
 
The answer is simple. Someone is skimming profits. The most reasonable explanation is that the casino is a "family" run operation in the tradition of the mafia movies that depict casinos being owned/run by the mafia.

As everyone knows, the mafia skims profits at the expense of the company and its shareholders. However, it just so happens that the gumbas responsible for skimming off the top have lost the key for this particular "winning" slot machine. So in fact, they all pay out the same, just this machine contains a full payout, while all the other machines have been skimmed.
 
Quote from mytwocents:

Thanks BlueHorseshoe....like Nitro, I too lost sleep over this.... First I thought it was something having to do with a 'tilt' in the machine...
Then I thought that perhaps it was actually the other 49 that had something wrong with it....
Then I thought that there were less possible combinations, therefore making there more chances of winning....
Then I realized that I was pulling things out of who knows where to come up with the answer, so I gave up, and decided that indeed, Coins is actually correct, and I was standing there in a G-string.......
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After supplying such a superb explanation, I believe a blow by blow photo history is in order. :D
 
Quote from Ursus_Maritimus:

This seems like a very solid answer. Of course to make more money on the machine it has to be played more -- so what makes them play this one more? And I am going to agree that it has to give the illusion of being a "hotter" machine, but I think you are seeing it from the wrong angle. Perhaps it has not much to do with the frequency of the payouts, but how close it comes to paying out for the players. More than likely this is just a matter of hope. I think the spins get the players closer to a jackpot, hence compeling those players who just had a "near miss" (which obviously isn't one at all) to take a few more spins.

"Fuck I was sooooo close, if only that apple was a cherry I would have hit for 25large! Hunny go break me another 20!"

My belly says this answer is so simplistic that its probably correct or at least along the right path. Stupid humans...
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Ding Ding Ding Ding. We have a winner. Congratulations to Ursus, and to everyone who contributed to getting him(her) there.

This question was posed by Charles Munger of Berkshire Hathaway during a recent presentation. Below is a quote taken from a transcript of his presentation prepared by Whitney Tilson of T2Partners:

"What is different about that heavy winning machine? (Silence) Can anybody do it?

Male: More people play it.

Charles Munger: No, no, I want to know why more people play it. What’s different about that machine is people have used modern electronics to give a higher ratio of near misses. That machine is going bar, bar, lemon. Bar, bar, grapefruit, way more often than normal machines, and that will cause heavier play. How do you get an answer like that? Easy. Obviously, there’s a psychological cause: That machine is doing something to trigger some basic psychological response. If you know the psychological factors, if you’ve got them on a checklist in your head, you just run down the factors, and, boom!, you get to one that must explain this occurrence. There isn’t any other way to do it effectively. These answers are not going to come to people who don’t learn these mental tricks. If you want to go through life like a one legged man in an ass-kicking contest, why be my guest. But if you want to succeed, like a strong man with two legs, you have to pick up these tricks, including doing economics while knowing psychology."

For those who would like to read the complete transcript, the fourth paragraph of this article includes a link to the PDF:

http://www.fool.com/news/commentary...t.htm?source=eptyholnk303100&logvisit=y&npu=y
 
The machine that always has more in profits at the end of the day has been sprayed by some intoxicating gambler perfume/pheromone.
 
Quote from BlueHorseshoe:

Regardless, it is now 12:30am in Singapore. In the morning, or in about 10 hours I will provide the answer and source if nobody has guessed by then.
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I know only 9 hours have elapsed, but I can see you're online, so please put everyone out of their misery by posting the solution.
 
Quote from Mr Subliminal:

I know only 9 hours have elapsed, but I can see you're online, so please put everyone out of their misery by posting the solution.
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I posted the answer on page four of the thread ...
 
Quote from TriPack:

The answer is simple. Someone is skimming profits. The most reasonable explanation is that the casino is a "family" run operation in the tradition of the mafia movies that depict casinos being owned/run by the mafia.

As everyone knows, the mafia skims profits at the expense of the company and its shareholders. However, it just so happens that the gumbas responsible for skimming off the top have lost the key for this particular "winning" slot machine. So in fact, they all pay out the same, just this machine contains a full payout, while all the other machines have been skimmed.
More...

Stop watching the Sopranos bro. The "gumbas" lost Vegas years ago. Now, like almost everything else in America -- Vegas is plastic...
 
Quote from BlueHorseshoe:

Ding Ding Ding Ding. We have a winner. Congratulations to Ursus, and to everyone who contributed to getting him(her) there.

This question was posed by Charles Munger of Berkshire Hathaway during a recent presentation. Below is a quote taken from a transcript of his presentation prepared by Whitney Tilson of T2Partners:

"What is different about that heavy winning machine? (Silence) Can anybody do it?

Male: More people play it.

Charles Munger: No, no, I want to know why more people play it. What’s different about that machine is people have used modern electronics to give a higher ratio of near misses. That machine is going bar, bar, lemon. Bar, bar, grapefruit, way more often than normal machines, and that will cause heavier play. How do you get an answer like that? Easy. Obviously, there’s a psychological cause: That machine is doing something to trigger some basic psychological response. If you know the psychological factors, if you’ve got them on a checklist in your head, you just run down the factors, and, boom!, you get to one that must explain this occurrence. There isn’t any other way to do it effectively. These answers are not going to come to people who don’t learn these mental tricks. If you want to go through life like a one legged man in an ass-kicking contest, why be my guest. But if you want to succeed, like a strong man with two legs, you have to pick up these tricks, including doing economics while knowing psychology."

For those who would like to read the complete transcript, the fourth paragraph of this article includes a link to the PDF:

http://www.fool.com/news/commentary...t.htm?source=eptyholnk303100&logvisit=y&npu=y
More...

I guess ol' Albie's 2nd pillar of success was spot on. Things really should be made as simple as possible...
 
Quote from nitro:

I am assuming this is a mathematical problem and has nothing to do with the complex dynamics of the machine, where perhaps the construction of one machine (it's initial conditions upon construction) causes it to have a different attractor than the rest.

If you had said that one (not necessarily the same) of the fifty always has 25% more winnings than the rest, I would not be surprised. But the SAME machine, even if you move it :confused: ?

Crap, this is probably an easy problem, but now I can't sleep.

nitro :(
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ERRRRRT! VERY WRONG ANSWER! HAHAHA :p
 
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