- Slot Machine Gambling Log Spreadsheet
- Slot Machine Spreadsheet
- Casino Slot Machine Tracking Spreadsheet
Slot Control Log - an Excel spreadsheet with the pertinent information pertaining to a slot move Slot Control Log Theoretical Hold - the theoretical percentage or odds that the slot machines provide based on. In this case, an Excel Slot Machine! The intriguing RAND function returns a Random Number that is Greater Than or Equal to 0 and Less Than 1. Each time your worksheet recalculates, (by reopening or forced recalculation by pressing F9), the RAND function returns a New Random Number.
It's time for a little review and some Fun! Let's look at the fascinating RAND function. This intriguing and useful function returns a Random Number that is Greater Than or Equal to 0 and Less Than 1. Each time your worksheet recalculates, (by reopening or forced recalculation by pressing F9), the RAND function returns a New Random Number.It should be noted that some hard core statisticians have voiced concerns about the true Randomness of the RAND function (it is prone to sequential correlations if large runs of numbers are taken), but it suffices for nearly all but the most demanding statistical applications, and if fine for us mere mortals.
The Syntax for the Rand function is simply:
RAND( )
If you want to create a random number between two numbers, (where a is the smallest number and b is the largest number), you can use the following:
=RAND()*(b-a)+a
If you want only Whole Numbers you can use:
RANDBETWEEN()
For example, =RANDBETWEEN(1, 500) will produce a Random Whole Number between 1 and 500.
There are countless statistical applications, of course, but you can also use it in some entertaining applications. For example, some Excel Enthusiasts
I have used the RAND function in conjunction with other functions and graphics to create a Slot Machine in Excel (send me a request at excelenthusiast@gmail.com if you would like a copy of the Slot Machine spreadsheet). I will be happy to send a copy to you.
The RAND function. Great for use in statistical applications, building games, slot machines, and other Fun Stuff!
Cheers!
Slot machines are the most popular game in modern casinos. If you've never seen one, a slot machine resembles an arcade game that has a lever on its side. For a small fee you can pull the lever, and the machine will generate a random combination of three symbols. If the correct combination appears, you can win a prize, maybe even the jackpot.
Slot Machine Gambling Log Spreadsheet
Slot machines make fantastic profits for casinos because they offer a very low payout rate. In many games, such as Blackjack and Roulette, the odds are only slightly stacked in the casino's favor. In the long run, the casino pays back 97 to 98 cents in prizes of every dollar that a gambler spends on these games. With slot machines, it is typical for a casino to only pay back 90 to 95 cents—and the casino keeps the rest. If this seems underhanded, keep in mind that slot machines are one of the most popular games at a casino; few people seem to mind. Sub rosa player name. And if you consider that state lotteries have payout rates that are much closer to 50 cents on the dollar, slot machines don't look that bad.
In this project, you will build a real, working slot machine modeled after some real life Video Lottery Terminals from Manitoba, Canada. The terminals were a source of scandal in the 1990s. You'll get to the bottom of this scandal by writing a program that recreates the slot machines. You'll then do some calculations and run some simulations that reveal the true payout rate of the machines.
Slot Machine Spreadsheet
This project will teach you how to write programs and run simulations in R. You will also learn how to:
Casino Slot Machine Tracking Spreadsheet
- Use a practical strategy to design programs
- Use
ifandelsestatements to tell R what to do when - Create lookup tables to find values
- Use
for,while, andrepeatloops to automate repetitive operations - Use S3 methods, R's version of Object-Oriented Programming
- Measure the speed of R code
- Write fast, vectorized R code
