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LSDefine

Simple English definitions for legal terms

percentage game

Read a random definition: juris et de jure

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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General chat about the legal profession.
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HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
The profile links are not working for me. anybody else?
13:18
i’m in the same boat mastermonkey but with lower stats. i hope i hear back by mid march
CheeseIsMyLoveLanguage
13:24
@mastermonkey45: Looking at some of the recent decisions in relation to when they went complete, I'd say it's a good sign. It seems many declines were sent within about 5-6 weeks of completion. Given those were applications that were SENT in January, I'd say that means you're still solidly in the running. :)
14:30
Sent an app to OSU in early december and have STILL not heard back
Give it 4 more weeks at least. Everyone in this chat needs to wait longer.
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