Bookmark Website  | Free Registration  | The Team
The Lounge  | Champions  | The Wire |  Schedule |  Audio  |  Arcade  |  The Top Ten  |  Historical  |  Email  |  Video

Slot Machine Odds


It probably more appropriate to call slot machines entertainment than gambling, as the house always - and we mean always - has an edge with slot machines.

The average slot machine payout ranges from an average of 85% to 99% of all coins bet. The lower the denomination of the machine, the lower the payout. This is because the casino wants to make a certain amount per hour with its slots. With a one dollar slot machine, the casino can payback perhaps 98% and make it's hourly goal. With a lower denomination machine, such as quarters or nickels, the payout must be much lower to achieve the same hourly pay for the casino

There are two types of slot machine payouts: flat rate and progressives. A flat rate machine pays the same percentage based on only that machine's results. With progressive machines, many machines are linked together electronically and the jackpot gets progressively larger the more players that play and the greater the time in between winning jackpots.

Our advice is to play the flat rate machines and avoid the progressives. The odds against winning the jackpot are much higher on progressives. In many cases, your odds of winning the state lottery are better! Play the non-progressive machines where you at least have a chance at the jackpot.

SHOULD YOU PLAY MAXIMUM COINS ARE NOT?

The answer to this question depends on one thing: is the jackpot bigger proportionally for maximum coins bet? If it is, play maximum coins. If it isn't, then simply play the minimum and your money will last longer.

To illustrate, let's assume you want to play a machine that has a three coin maximum bet. Should you play the maximum? Look at the payout information. If the jackpot amount for one coin bet is 1,000, for two coins 2,000 and for three coins 5,000, then the jackpot is bigger proportionally for three coins and you should bet the maximum coins. This is because the maximum coins to bet is three times the minimum but the maximum coin jackpot is five times the amount of the minimum coin jackpot. This means your jackpot odds are better if you play the maximum coins.

In this same example, if the three coin jackpot was 3,000 instead of 5,000, then you should only play one coin at a time because there is no odds advantage to playing maximum coins.

One disadvantage of playing maximum coins, even if the jackpot is proportionally larger, is that smaller, less-than-jackpot payouts are usually not proportionally larger for maximum coins played. It's only the jackpot that is proportionally larger. For this reason, we recommend only playing minimum coins on machines that do no have a proportionally larger jackpot for maximum coins. This way, you money will last longer and you increase your odds of winning smaller jackpots and maybe coming away a slight winner.

Good Luck!

Tom is the webmaster at http://www.blackjack-for-everyone.com, which is a website dedicated to turning beginning Blackjack players into serious recreational players.


MORE RESOURCES:

The Future of Casino Gambling in Iowa
Iowa Public Television
And Mr. Goss has co-authored a book entitled "Governing Fortune: Casino Gambling in America". Gentlemen, welcome to Iowa Press. Thank you. Good to be here. Borg: And across the table, Des Moines Register Political Writer Kathie Obradovich and Radio ...



Boston Globe

Future of casino gambling in SE Mass. the topic at Gaming Commission meeting ...
The Patriot Ledger
... he runs Boston Marathon Monday ... Man exposes self in Norwell parking lot ... Future of casino gambling in SE Mass. the topic at Gaming Commission meeting today ... Future of casino gambling in SE Mass. the topic at Gaming Commission meeting today ...
UMass Reseachers Gather Data on Gambling's Impact in Massachusettsabc40
Legal arguments filed in casino referendum appealModesto Bee

all 125 news articles »


Gaming Commission alters SE Mass. casino investment threshold, delays other ...
MetroWest Daily News
The Massachusetts Gaming Commission is meeting today to discuss several issues that could impact the casino licensure process across the state. email · print · Gerry Tuoti Wicked Local Newsbank Editor. MetroWest Daily News, Framingham, MA.

and more »


VIDEO: No Applicants for Saipan Casino Gambling License, Yet; Deadline to ...
Pacific News Center
VIDEO: No Applicants for Saipan Casino Gambling License, Yet; Deadline to Apply is Monday · Print E-mail. Last Updated on Thursday, 17 April 2014 17:52 Written by PNC Saipan Correspondent Mark Rabago Thursday, 17 April 2014 17:24. Guam News ...



Casino gambling in Florida
Sun-Sentinel
Oops…the big international gambling conglomerates rolled snake eyes this session. It looks like they'll have to contol their appetites for another year while our Legislature gets its act together. Vegas-style gambling will undoubtedly rear its head ...



What's it take to apply for a NY casino gambling license: money and an ...
Albany Business Review
The state is imposing a tough, thorough and, officials say, transparent vetting process for awarding up to four licenses upstate, including at least one in the Albany/Saratoga region. The rules are understandable considering the lucrative nature of the ...



SFGate

Indian casino gambling revenue growth is slowing, report says
Los Angeles Times
The economy may have dug itself out of the worst recession in a generation, but gamblers apparently are still reluctant to put their money at risk in U.S. Indian casinos. Gambling revenue at tribal casinos slowed in 2012, growing at a slower pace than ...
Alabama Indian casino gambling growth slowsTimes Daily
Report: Oklahoma tribal gambling revenue risesNative Times

all 307 news articles »


New Hampshire Business Review

Lure of casino gambling remains fool's gold
New Hampshire Business Review
Far from addressing our long-term fiscal challenges, the adverse financial, social and regulatory consequences of casino gambling would merely exacerbate them. Anybody with even a basic knowledge of finance or the casino industry knows that gambling is ...

and more »


Newsmakers 3/21/2014: Ernie Almonte, casino gambling in Mass.
Providence Eyewitness News
On the second half of Newsmakers Providence College professor Dr. Patrick Kelly and UMass Dartmouth professor Dr. Clyde Barrow join Tim White and Ted Nesi to discuss the impact of casino gambling in Massachusetts on Rhode Island. From the fiscal to ...

and more »


SFGate

Capital Beat: Reading the tea leaves on casino gambling (and more)
Concord Monitor
When a bill legalizing a single casino lost by 29 votes in the New Hampshire House two weeks ago, Steve Duprey, a leading anti-casino voice, called the vote a “silver stake” in the heart of casino proposals – a final defeat in a 16-year battle to bring ...
What dooms casinos: It's not the fine printThe Union Leader

all 378 news articles »

Google News


Advertisement



Section Site Map - Submit News - Feedback - Comments - Advertise with Us

Copyright © 2006 Luminati Inc. All rights reserved.