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Slot machines are also known as one-armed bandits because they were originally operated by one lever on the side of the machine, as distinct from a button on the front panel, and because of their ability to leave the player impoverished or …
Here’s what my common sense tells me. Slot machines are entirely random. I don’t get to make many decisions at all. I can decide which machine to play, if any, and I can decide how much to gamble. But none of that is going to help me become a winner on a consistent basis, and the reason is simple: A slot machine is a negative expectation game.
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