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LSDefine

Simple English definitions for legal terms

percentage game

Read a random definition: Regulation

A quick definition of percentage game:

A percentage game is a type of gambling where the house takes a percentage of the bets or winnings. It is a game of chance, meaning that luck plays a big role in determining the outcome. These types of games are often illegal in many states.

A more thorough explanation:

A percentage game is a type of game of chance where the house collects a percentage of the wagers made or the sums won. This means that the more people play, the more money the house makes. However, percentage games are illegal in many states.

  • Slot machines: Players insert money into the machine and spin the reels. If the symbols line up, the player wins a prize. The house collects a percentage of the money wagered on the machine.
  • Bingo: Players buy cards with numbers on them and try to match the numbers called out by the caller. The house collects a percentage of the money spent on the cards.
  • Casino games: Games like blackjack, roulette, and craps are also percentage games. The house collects a percentage of the money wagered on each game.

These examples illustrate how the house always has an advantage in percentage games. Even if a player wins a prize, the house still makes money from the percentage they collect on all the wagers made. This is why percentage games are often regulated or illegal in many states.

percentage depletion | percentage lease

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texaslawhopefully
13:04
there's a form you fill out
texaslawhopefully
13:04
and they'll get back to you within a few days
13:04
@atwatodbit: they emailed me a day after submitting the form
atwatodbit
13:05
ah ok, i've seen that, just need to get parental info then. just making sure
13:05
Feeling fortunate and its my top choice as of now haha
lilypadfrog
13:06
what if you fill this out and you haven’t been admitted? just a next level move? they probably have to let you in then
PerpetualCheerfulBeaver
13:06
I applied to all my places in late september and am still waiting to hear back. ive missed all three types of waves (WL,R,A) am i screwed??
texaslawhopefully
13:07
Your guess is as good as mine. I'm in the same boat for most schools
Trismegistus
13:07
begging chicago for an A
atwatodbit
13:08
the vast majority of the t14 has not hit 50% of their As, many have not even hit 25%. zero reason for panic
PerpetualCheerfulBeaver
13:08
Thank you texas!
choosingpeace
13:08
missing CLS and Penn waves im so screwed
choosingpeace
13:08
i applied early too i hate everything im crashing out im crashing OUT
PerpetualCheerfulBeaver
13:08
I literally have no experience in this type of stuff, but if i get waitlisted, should i send an email about continued interest?
lilypadfrog
13:09
im so nonchalant
lilypadfrog
13:09
i will probably hear something back eventually
texaslawhopefully
13:10
I wish I could be like you lily
Trismegistus
13:10
im actively losingh my mind man
choosingpeace
13:10
@texaslawhopefully: lmaoo same Im crashing out so bad like it's never been this bad
texaslawhopefully
13:11
I need Chicago on Friday
Trismegistus
13:11
me too
Trismegistus
13:11
sixty coffees is having an insane cycle
PerpetualCheerfulBeaver
13:12
jesus they really are
GreyCeaselessMammoth
13:13
sixtys making a historic run here
Trismegistus
13:13
theyre close to my stats that's how i know them lol
choosingpeace
13:13
stanford harvard columbia duke wtfff
choosingpeace
13:13
uva nyu umich
13:13
I’m just tryna be like him fr fr
choosingpeace
13:13
that's crazy
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