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Even though a slot may have a modest house 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 blackjack 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.
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