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Date: Sunday, January 6th, 2013 10:16 am (UTC)
From: [personal profile] haggis
That £400m figure seems overstated if the guaranteed return is 97%. If you gambled £100, won back £97, then gambled if£97 and won back £94, you gambled £197 but only lost £6. I think a more subtle analysis is needed to work out how much money is being gambled 'away' rather than gambled with.

Date: Sunday, January 6th, 2013 10:20 am (UTC)
From: (Anonymous)
On the other hand, my husband used to watch other people put money into fruit machines and then time his games for when he machine wanted to pay out so 97% return doesn't mean return to the same person.

Date: Sunday, January 6th, 2013 11:18 am (UTC)
From: [personal profile] haggis
Both comments are from me!

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