16.05.2014 Views

Australia's Gambling Industries - Productivity Commission

Australia's Gambling Industries - Productivity Commission

Australia's Gambling Industries - Productivity Commission

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

for an amount of time that is less than one third of the expected duration — and this<br />

may fuel excessive player suspicion and disputes.<br />

Figure U.4<br />

The distribution of duration a<br />

A Black Rhino example<br />

Frequency (%)<br />

20<br />

18<br />

16<br />

14<br />

12<br />

10<br />

8<br />

6<br />

4<br />

2<br />

0<br />

0.02 to 0.03<br />

0.12 to 0.13<br />

0.21 to 0.22<br />

0.31 to 0.32<br />

0.41 to 0.42<br />

0.50 to 0.51<br />

0.60 to 0.61<br />

0.70 to 0.71<br />

Hours<br />

0.80 to 0.81<br />

0.89 to 0.90<br />

0.99 to 1.00<br />

1.09 to 1.10<br />

1.19 to 1.20<br />

1.31 to 1.32<br />

1.43 to 1.44<br />

a This is based on someone who puts $30 into a 10 cent machine and plays 3 lines and 5 credits. The<br />

simulation assumes that If they have a win of $100 or more on a single button push they stop playing.<br />

Otherwise they play until their money has gone. The simulation suggests that the mean is 13 minutes and 4<br />

seconds (with a standard deviation of 35 minutes). On fifty per cent of occasions, the game is finished within<br />

48 button pushes (about 4 minutes).<br />

Data source: <strong>Commission</strong> simulations of a poker machine.<br />

U.5 The impact of recycling wins<br />

Gaming machines tend to produce most of their prizes as small wins, and many<br />

players will recycle or re-‘invest’ these winnings. However, problem gamblers are<br />

much more likely to recycle big wins (table U.6). For example, problem gamblers<br />

are 4 times more likely to re-invest a prize of $100 than non-problem infrequent<br />

gamblers.<br />

Since every game (bar some temporary features) has a house advantage, the impact<br />

of re-investment has a significant impact on overall player losses, and also tends to<br />

prolong gambling sessions.<br />

U.12 GAMBLING

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!