So who pays for those Volcanic eruptions? Pirate Battles? Carnival Parades? and Glittering Showrooms? Slot Machines. 60-65% of casino revenue is generated by those bell-ringing one armed bandits that seem to multiply on casino floors like rabbits. So how does the average player gain an advantage and possibly win? Well.. aside from cheating (which we really don't suggest you get involved in) the only way to gain some sort of advantage is to choose your slots with utmost care and discrimination.
Slot machines in Las Vegas are required by law to payout 75% of the money that goes into them, actual payout in Las Vegas is approximately 95%. Will you be the one that takes the money instead of gives it? That is up to luck, but with a little investigation one can easily learn to identify which machines are more favorable to the player than others. Slot machines are all about the payout.. Red White and Blue, Double Diamond, Dick Fucking Clark, Cherry whatever. At the end of the day what every slot player needs to do is look at the pay schedule on the machine they want to play. Very often the same machine one row over will pay 5,000 credits on 3rd credit jackpot while you're playing on a 2,000 3rd credit machine. Plain and simple you're cheating yourself.
Sometimes this index may be fixed: for example, 97.6%. It happens that the developer indicates it in some ranges: for example, 95.6% - 96.5%. In some cases, the theoretical payout percentage depends on additional conditions, including progressive jackpots that are drawn only in case of the highest bets, or the bonus option, which is activated after wagering a certain amount. When you have more money to bet, the higher the payout percentage of the slot machines. Which slot machines have the highest RTP? Slots with highest payout percentage have a rate that ranges from.
Slot Spotlights
A few notable slot machines we here at VT have found more playable, or more interesting, than the other nonsense out there like Leprachaun's Gold or Tabasco Slots or whatever.
We like machines that have the best payouts on the lowest winning spins. These will keep you going longer between larger wins and not enact the ATM-In-Reverse principle seen at many of the larger joints (Venetian being the worst we've experienced).
100 or Nothing
Red, White and Blue
Slot Machine Jackpots Photo Gallery
Wheel of Fortune
Wild Cherry
Slot Machine Payback Percentages
Free casino slots games online com no downloads. Below are the slot payback percentages for Nevada's fiscal year beginning July 1, 2002 and ending June 30, 2003:
5¢ Slot Machines
The Strip - 90.32%
Downtown - 91.50%
Boulder Strip - 93.03%
N. Las Vegas - 92.97%
25¢ Slot Machines
The Strip - 92.59%
Downtown - 94.83%
Boulder Strip - 96.47%
N. Las Vegas - 96.63%
$1 Slot Machines
The Strip - 94.67%
Downtown - 95.35%
Boulder Strip - 96.48%
N. Las Vegas - 97.21%
$1 Megabucks Machines
The Strip - 89.12%
Downtown - 88.55%
Boulder Strip - 87.76%
N. Las Vegas - 89.41%
$5 Slot Machines
The Strip - 95.33%
Downtown - 95.61%
Boulder Strip - 96.53%
N. Las Vegas - 96.50%
All Slot Machines
The Strip - 93.85%
Downtown - 94.32%
Boulder Strip - 95.34%
N. Las Vegas - 95.32%
The Math of Casino Slot Machines
For every dollar you wager in a slot machine, you will lose 100% - Payback% of that dollar. For example, you're at Bellagio playing the $1 Double Diamond slot, wagering Two Credits ($2) per spin. According to the table, for every $2 spin you will lose 5.33% of that bet.. just shy of 11¢. Granted these 11 cents don't get extracted instantly.. this is computed over time. So if your bank roll limit is $10 it will take you, on average 52 spins before your bankroll is toast (under $1) and you are out of credits.
How was this number derived:
STAKE x (Payback Percentages) = STAKE x (Payback Percentages) = STAKE x (Payback Percentages) = ..
Repeat calculation until the number gets below the minimum bet - if you play long enough, you're gonna go broke. THAT is a FACT. Slot machines are entertaining, relaxing, require little thought beyond pressing a button. IF you want to truly GAMBLE, you might want to look into Video Poker, and eventually Blackjack as other options.
Granted, sometime in there you just might hit that $500 win on the Wheel of Fortune, or The Elvis progressive might shake rattle and roll $1000 your way.. but the math inside the machine determines that you will in fact lose a certain percentage of your wager on each spin, and the more you spin.. the more you will lose despite short runs of successful jackpots. If you find you are UP.. leave. Every spin of a slot machine generates a random number that has NOTHING to do with previous numbers. SLOT MACHINES do NOT run in streaks (even if you might wish to think they do). Don't expect to get any of the money you put into a machine out of it unless you learn to press the CASH OUT button.
Gamblers Library
VT fully recommends the following books to help you decrease the house advantage on casino card games.
Buy used from Amazon.com and save big bucks!
If you are a keen slots player then you will know that one of the most useful pieces of information about a slot that you can discover is the payout percentage for the game.
Unfortunately, the term is ripe for misunderstanding and novice slot players often misunderstand what the term actually means, which can lead to them having totally unrealistic expectations of how much they can expect to win on a slot from any given session.
This can then lead to them feeling frustrated, cheated even and less inclined to play the slot again, which is a shame as it is their misunderstanding that is the issue, not the slot or casino in question.
The problem often stems from misunderstanding what the term 'payout percentage' actually means and how it is applied on the slot.
So in this article, we'll attempt to explain clearly what this means.
What is a payout percentage?
A payout percentage is simply the percentage of the total amount of money that the slot will take in over a typical amount of time, that it will pay out back to players in the form of winnings.
That percentage can range from as little as 75 percent up to around 98 percent.
In essence, that is what payout percentage is. There is nothing more to it, but unfortunately, many people choose to think that this means that out of all the money they spend, they will expect to receive back between 75 and 98 percent back in winnings.
That is indubitably not the case and this misunderstanding occurs because people do not understand how the payout percentage is worked out, nor how the winnings used to calculate that amount, are paid out to players.
Suffice to say that a payout percentage is absolutely NOT a statement of how much of your wagering money you can expect to receive back in payouts on average.
Here's why:
Payout percentage - The number of spins
The first thing to note is that when an organisation such as eCOGRA tests the veracity of the claim that a slot has a payout percentage of X per cent, then they run a series of tests to authenticate that claim.
Free roulette game no limit. This involves spinning the reels of the slot millions of times in order to generate what the actual payout percentage is of the slot.
It is only when the reels of the slot are spun a huge amount of times that the payout percentage shows any meaning. As such, it is a statistic which is only meaningful for the casino, rather than the player who is unlikely to have the funds or time to spin a slot the many hundreds of thousands of times needed in order to generate payouts of the percentage levels of the slot.
On fewer spins, numbering 10,000, 1,000 or less, there can be a huge difference to the stated payout percentage. A slot may seem to run 'hot' and payout considerably more than the payout percentage (even run at a loss over that period of spins), whereas at other times it may seem to run 'cold' and pay out considerably less than the stated payout percentage.
The key thing to note here is that for a player, the number of spins they play is usually so small, that payout percentage is almost irrelevant. The more spins you play the more relevant the payout percentage becomes, but only if you spin the reels thousands of times over a sustained period.
Even then the payout percentage is still only an average mark. Sometimes the slot will pay out more over one million spins than the stated percentage, other times less, but usually these measures will average out to give a mean percentage level.
Therefore, it is best to view the payout percentage as simply a measure of how much the machine pays out over millions of spins and not really relevant to your chances of success.
Payout percentage - Structure of payouts
The other key aspect to the payout percentage to understand is how the payouts of a machine are structured and that this is equally important to understanding why you are not likely to earn back 75 to 98 percent of what you spend.
The best way to do this is via a hypothetical example. So let's say I developed a slots machine that has a payout percentage of 95% and let's say that in a typical month, this machine generates 1,000,000 in revenue from players playing 1,000,000 spins in that period.
If my hypothetical machine then followed the payout percentages exactly, then 5 percent of that 1,000,000 (50,000) is the casino's operating profit from the machine. That leaves 950,000 to be shared between all the players.
VT fully recommends the following books to help you decrease the house advantage on casino card games.
Buy used from Amazon.com and save big bucks!
If you are a keen slots player then you will know that one of the most useful pieces of information about a slot that you can discover is the payout percentage for the game.
Unfortunately, the term is ripe for misunderstanding and novice slot players often misunderstand what the term actually means, which can lead to them having totally unrealistic expectations of how much they can expect to win on a slot from any given session.
This can then lead to them feeling frustrated, cheated even and less inclined to play the slot again, which is a shame as it is their misunderstanding that is the issue, not the slot or casino in question.
The problem often stems from misunderstanding what the term 'payout percentage' actually means and how it is applied on the slot.
So in this article, we'll attempt to explain clearly what this means.
What is a payout percentage?
A payout percentage is simply the percentage of the total amount of money that the slot will take in over a typical amount of time, that it will pay out back to players in the form of winnings.
That percentage can range from as little as 75 percent up to around 98 percent.
In essence, that is what payout percentage is. There is nothing more to it, but unfortunately, many people choose to think that this means that out of all the money they spend, they will expect to receive back between 75 and 98 percent back in winnings.
That is indubitably not the case and this misunderstanding occurs because people do not understand how the payout percentage is worked out, nor how the winnings used to calculate that amount, are paid out to players.
Suffice to say that a payout percentage is absolutely NOT a statement of how much of your wagering money you can expect to receive back in payouts on average.
Here's why:
Payout percentage - The number of spins
The first thing to note is that when an organisation such as eCOGRA tests the veracity of the claim that a slot has a payout percentage of X per cent, then they run a series of tests to authenticate that claim.
Free roulette game no limit. This involves spinning the reels of the slot millions of times in order to generate what the actual payout percentage is of the slot.
It is only when the reels of the slot are spun a huge amount of times that the payout percentage shows any meaning. As such, it is a statistic which is only meaningful for the casino, rather than the player who is unlikely to have the funds or time to spin a slot the many hundreds of thousands of times needed in order to generate payouts of the percentage levels of the slot.
On fewer spins, numbering 10,000, 1,000 or less, there can be a huge difference to the stated payout percentage. A slot may seem to run 'hot' and payout considerably more than the payout percentage (even run at a loss over that period of spins), whereas at other times it may seem to run 'cold' and pay out considerably less than the stated payout percentage.
The key thing to note here is that for a player, the number of spins they play is usually so small, that payout percentage is almost irrelevant. The more spins you play the more relevant the payout percentage becomes, but only if you spin the reels thousands of times over a sustained period.
Even then the payout percentage is still only an average mark. Sometimes the slot will pay out more over one million spins than the stated percentage, other times less, but usually these measures will average out to give a mean percentage level.
Therefore, it is best to view the payout percentage as simply a measure of how much the machine pays out over millions of spins and not really relevant to your chances of success.
Payout percentage - Structure of payouts
The other key aspect to the payout percentage to understand is how the payouts of a machine are structured and that this is equally important to understanding why you are not likely to earn back 75 to 98 percent of what you spend.
The best way to do this is via a hypothetical example. So let's say I developed a slots machine that has a payout percentage of 95% and let's say that in a typical month, this machine generates 1,000,000 in revenue from players playing 1,000,000 spins in that period.
If my hypothetical machine then followed the payout percentages exactly, then 5 percent of that 1,000,000 (50,000) is the casino's operating profit from the machine. That leaves 950,000 to be shared between all the players.
Payout Percentages Of Slot Machines
However, slot machines are designed to offer a range of awards, paying out smaller rewards more often and the big jackpot prizes less frequently. Let's say that my machine has paid out one large jackpot prize of 500,000 in the last month, plus three other smaller jackpot prizes of 100,000 apiece.
That means just four lucky players have accounted for 800,000 of the payout percentage. Out of 1,000,000 spins, that means just 0.0004 percent of players have accounted for 84.2 percent of the total payout percentage.
That means the remaining 99.9996 percent of players have just 150,000 in winnings to share amongst them from 9,999,996 spins. You don't need to be a mathematics genius to realise that therefore the vast majority of players of this hypothetical slot would receive a payout that is nowhere near the stated payout percentage.
What Slot Machines Have The Best Payouts
However, four lucky players have receive a payout well in excess of the payout percentage! Sounds a bit like a lottery, right? Triple diamond slot machine payout.
The structure of how your slot pays out is key to understanding that payout percentage is not a figure of how much you will win on average, but simply how much the machine pays out on average over a massive number of spins. Furthermore, how often a machine pays out top prizes, will also mean that the vast majority of players will not experience a payout percentage anywhere near what is stated.
That isn't an error, or misleading, simply a fact that over small sample sizes, the averages stated in the payout percentage are irrelevant.
So while payout percentages may not be useful in letting a player understand how much of their stakes they'll win back, where they are useful to punters is in giving them a comparative measure to judge which machines are most likely to offer them a return.
In theory, you are more likely to win playing a slot with a 95 percent payout percentage than you are a slot with a 75 percent payout percentage.
However, once again, because the number of spins you play will be so small, the chances of you noticing a difference between the slots is negligible. It is entirely plausible that you will play the 75 percent pay out slot and win more than the 95 percent payout percentage slot.
So the key lesson to learn about payout percentages is not to think they are stating how much you will win back on average in your session, but that they are a simple, general tool to assess how profitable the machine is for the casino.
Playing games of chance, which includes lotto, keno, scratch cards, slots, and many other games, can bring massive wins for the lucky. Take these games for what they are. And remember, there's no harm in trying your luck!
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