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But it would make it very easy for a player to identify the price hes paying. Slot machines are usually a casinos biggest source of revenue. Reuters/Andres Martinez Casares Ultimately, the casino is selling excitement, which is comprised of hope and variance. Even though a slot may have a modest house Casino advantage from managements perspective, such as 4 percent, it can and often does win all of Georges Tuesday night bankroll in short order. This is primarily due to the variance in the slot machines pay table which lists all the winning symbol combinations and the number of credits awarded for each one. While the pay table is visible to the player, the probability of producing each winning symbol combination remains hidden. Of course, these probabilities are a critical determinant of the house advantage that is, the long-term price of the wager. This rare ability to hide the price of a good or service offers an opportunity for casino management to raise the price without notifying the players if they can get away with it. Casino managers are under tremendous pressure to maximize their all-important slot revenue, but they do not want to kill the golden goose by raising the price too much. If players are able to detect these concealed price increases simply by playing the games, then they may choose to play at another casino.
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