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LSDefine

Simple English definitions for legal terms

percentage game

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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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shaquilleoatmeal
16:14
uva too
shaquilleoatmeal
16:14
whats wrong w boston ;(
GOT PROMOTED YAY how do i tell law schools abt this?
like do i type up and separate doc and send as an attachment? how much do i write?
shaquilleoatmeal
16:15
@jackfrost11770: LFGGGG
TYYYYYY
shaquilleoatmeal
16:16
do any of your schools have updated sections in the portal? If so, i'd upload there, if not email. Small paragraph should do it id think
1a2b3c4d26z
16:16
Who wanna play some operation metro later on
1a2b3c4d26z
16:16
Congrats jack!
thank you!!
babycat
16:16
@jackfrost11770: personally I would submit an updated resume reflecting the new position instead of a paragraph but idk what SOP is
getting a bacon egg and cheese in celebration
1a2b3c4d26z
16:18
lfg baby you earned that
babycat
16:20
also congrats!! big win
initiallaw
16:23
congrats!!
:D
the big W is that i get reimbursed for travel now thank GOD
jack moving up in the world :)
i have a brother named jack, so whenever i see your name im marginally happier than normal
babycat
16:37
I'm guessing you don't have a sibling named babycat but I hope I still make you marginally happier than normal despite this
JumpySubsequentDolphin
16:38
maybe he has a babycat
babycat
16:38
I think everyone should have a babycat
JumpySubsequentDolphin
16:39
im allergic to baby cats >:(
JumpySubsequentDolphin
16:40
I used to have a babycat, I only got allergies after he died
JumpySubsequentDolphin
16:40
I think he’s haunting me
babycat
16:40
:(
babycat
16:40
that's too bad
babycat
16:40
you still have me though <3
@babycat: you make my day marginally happier with your scathing wit
16:43
New Father John Misty album out today
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