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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.

How to win on life of luxury slot machine. The special bonus round is triggered on any of the base game slots when a special Life of Luxury diamond symbol appears on the last reel, this opens up the extra free spins round where players get the chance to win credits or a shot a one of the five progressive jackpots. To learn how to beat slot machines, you need to first know how they work. Slots are amongst the most popular casino games throughout the world, both in land-based and online casinos. Choose Online Slots with the Highest Payout Percentage (RTP) Like we said, we can’t tell you how to. Life of Luxury comes in a five reel, fifteen line version with a 300 coin max bet and a twenty line version with a 400 coin maximum bet. Diamond symbols appear only on the three center reels and substitute for all other symbols including the scattered coin. Any combination of three or more coins or diamonds starts the free games bonus. Know your limits and play within your budget. Not setting a gambling budget is perhaps one of the.

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

However, not many people know that the percentage pay out also varies between a brick and mortar casino and an online casino. Vegas airport slot machine hand payout. A brick and mortar casino offers perks such as the flashing lights of the machines, free drinks for players, and an exciting atmosphere. An online casino competes with this by offering large signup bonuses and loyalty rewards for players who stick to one company.

Slot Machine Payback Percentages

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.

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Do the casinos tighten and loosen the slots on a daily/hourly basis, to attract business when its slow and rake it in when its busy?

The EPROM chips, which control the theoretical return percentages on slots, are generally changed very rarely. It would be bad business to loosen and tighten the slots according to the day of the week. For any given casino there is some optimal return to maximize profit. Wherever that is, a smart slot manager would find that point and then just leave the EPROMS set to that return.

Michael V.

Sure. There are lots of ways. Putting in fake coins just to name a simple one. Be warned that in Nevada cheating in a casino carries the same kind of penalty as bank robbery, or so I hear. Let the record show that I disapprove of all forms of cheating.

I’m happy to see that you’re once again taking questions on your site. Being a math teacher, I especially love how me must pass the gauntlet of solving a basic, two-step algebra problem. My question pertains to the bonus rounds that are extremely prevalent in many of today’s slot machines. Are the bonus round winnings already pre-determined, even before I enter the new screen, or do my choices really affect my amount of winnings? On a game like Price is Right, for example, I seem to always win the lower of the two prizes in the bonus round. When it comes down to picking one of the two remaining tags, I always seem to pick the one giving me the less favorable outcome. Am I just continuously unlucky or does the machine already know that I will get the lower result before I even pick? Thanks so much. Keep up the great work!

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