Iowa Slot Machine Payouts

• Slot Machine Big Payouts
• Wisconsin Slot Machine Payouts
• Slot Machine Payouts By Casino
• Oklahoma Slot Machine Payouts
• What Slot Machines Have The Best Payouts

FINDING THE BEST SLOT MACHINE

Everyone who has ever played slots for at least five minutes seems to feel that they are qualified to find the best slot machine.

Slot Machine Big Payouts

Iowa Gaming Payouts and Odds. The tax on racino slot machines is changed. 2018: A bill is proposed to legalize sports betting, but it is not voted on in the.

'Best' usually means the 'loosest' slot, meaning that the machine seems to pay out more coins than have been played, at least for a time period.There are as many theories as there are people on how to find this elusive machine.

Some people believe strictly in luck.If they were wearing their lucky hat the last time that they played and won, then they will ascribe their luck to this hat and be sure to wear it every time they play.

Others like to talk to the slot machines while they play.I once played next to an elderly lady who started out telling her machine to 'Be good to Mama, Baby,' followed by an occasional pat on the front of the machine.After about thirty minutes her tune had changed to 'Pay up you tight son of a bitch,' followed by a whack on the machine glass.

Some folks like to test the temperature of the machine before they begin playing.If the machine is warmer than the other machines, then this qualifies the machine as a 'hot' one, suitable for play.

Some people will only insert cold coins into a machine, claiming that if warmer coins are used, the machine tightens up.

Many players believe that slots should be played only at night or on the weekends, or some other variation of timing.

Still others believe that the rhythm used in pulling the handle is the secret.Implementation of this theory includes such variations as the short hard pull and the slow, almost delicate pull.Each has its adherents.

Others use the 'the attendant must know' theory and ask the slot attendant which is the best machine to play.A variation of this is to observe another slot machine when playing and if the machine has not paid a jackpot in a long time, to consider playing the machine as it should be ready to pay.

The location within the casino is also important for many players.Some players claim that aisle machines are the best, while others believe that the loosest slots are hidden in back corners so that they don't get much play.

I wish I could tell you that one of these approaches works.You may consider that I have saved you some money, as each of these approaches have been touted at one time or another in slot publications of dubious value.I recently purchased a slot bookwhich spent several pages describing how hot and cold machines are laid out in a casino based on the author's theory of how casino executives are supposed to think.

I don't have much to say about the 'luck' or clairvoyance theories of slot play.Perhaps some folks got it and some don't.I know that I don't do very well when I rely purely on luck.If luck does work, I have the impression that it is a very personal thing, and I don't have any advice on how you may increase yours vis a vis winning at slot machines.I am going to assume that you are like me and believe that luck comes to those who are prepared, so we will concentrate on becoming more prepared.

The time of day theories are really absurd.Many players believe that the casinos can push a button inside a slot, or jiggle a couple of levers and change the payouts.With the microprocessor controlled slots, the chip itself must be changed to affect the payout percentages.Changing the chip requires the skill of a trained technician and several hours work.It is also an expensive proposition for a casino to be constantly changing its slots.You can rest assured that slot payouts in a particular casino will not change with nightfall or from a weekday to a weekend.

Obviously, talking to the machine or even caressing it, is not likely to have any effect on a computer chip controlled mechanism.Neither is the temperature of the machine (which is probably most affected by the temperature around it) nor the warmth of the coins.Slot machine levers have zero influence on the random number generating chip controlled machines.The machines could just as easily be activated by a button (as are the video slots) or a pull string.The days of handles activating gears which determined the rate of spin of the reels are long gone.

Wisconsin Slot Machine Payouts

All of these theories may occasionally win some money for their adherents, but consider:Randomly selecting any machine may work just as well.

We are after something a little more definitive.Let's look first at some of the characteristics of the different types of slot machines.

One of the attributes we will look for on any machine is the ability to play from one to as many as five coins without any penalty for playing less than the maximum number of coins.Why?Because we want the flexibility to adjust the size of each wager dependent upon the exact playing conditions we are facing at that exact moment.

This condition knocks out of contention any single coin slot machines.With a single coin slot, the only option we have is to insert a coin and pull the lever.It is a win or lose proposition, with no alternatives other than changing machines.To have the best chance of winning, we will demand the flexibility to vary the number of coins based on each individual machine's attributes.

With this one condition, we will rule out play on any of the single coin mechanical machines.This restriction is not too severe, as these machines can only be found in a few downtown casinos in Las Vegas, and scattered about other Nevada sites.

By requiring that no penalty be imposed for playing with less than the maximum number of coins accepted by a particular machine, we will also rule out a number of multipliers which do impose this penalty.We will not want to play on any Option Multipliers (buy-a-pay) slots as these machines bring additional symbols into play with additional coins inserted so that with less than the maximum number of coins played, the number of winning symbols are severely reduced.

Less obviously, but using the same logic, we will reject playing on the Multiple Pay Line machines, which accomplish the same thing as the Option machines by bringing additional pay lines into play as additional coins are inserted.

A second condition we will impose is that the machine we select to play is a High Frequency machine.By high frequency, we mean that the machine has been programmed to pay off many lower payoffs more frequently rather than a very small number of higher payoffs.

Slot Machine Payouts By Casino

Table 15 compares the hypothetical payoffs of Low and High Frequency slot machines.

Table 15.Comparison of High and Low Frequency Slots

If we look at the payoff schedules on these two machines, we don't have much of a clue as to which is the higher or lower frequency machine.Both machines have similar payoffs, and both machines will ultimately pay back 95% of the coins played.Having the benefit of using this table, we can see that the high frequency payer will return a higher percentage of the coins played on the payoffs of 20 coins or less.If we add the payoff percentages for all payoffs of 20 coins or less on the high and low payoff machines, we find that 94% of the payoffs on the high frequency version are for payoffs of 2, 10 or 20 coins, while only 77% of the low frequency machine payoffs are for 2, 5, 10 and 15 coin payoffs.

For our purposes, the machine paying 94% of its payoffs on payoffs ranging from 2 to 20 coins is the better machine, as it is more likely that we will hit one or more of these payoffs in short-term play.While the lower frequency machine returns exactly the same overall payback of 95%, it accomplishes this by making fewer lower coin payouts and concentrating a higher amount of its payback in the less frequently hit jackpot payoff of 1,000 coins.

In short-term play, we are not likely to ever hit the jackpot payoff.Since 18% of the slot's overall payback is represented by this jackpot, in simple terms, by not hitting the jackpot, our return will be reduced by 18%, a large percentage of the expected payback.

We discussed locations of slots in a general way in the previous chapter.We found that the best paying slots are located in the state of Nevada, and on the average, the lowest paying slots are in Atlantic City.Of course this is from your and my perspective.If you owned a casino, you would prefer the lower payout Atlantic City slots.

Another aspect of finding the best slot machine is picking the best casino in the best location.Unfortunately, casinos are not very forthright on their exact hold percentages so that this task is not always that easy.

We can, however, refine our selection process somewhat without knowing the exact hold percentage of each casino.

First, we know that we should confine our play to casinos.Grocery stores, service stations, bars, airports and other non casino locations often have paybacks of from 50% to 75%.Your money will disappear very quickly if you decide to regularly play the slots at Joe's All-Nite Market.Needless to say, you should stick withlegal slot machines.If you decide to play illegal slots, who knows what extortion will be enacted on you.And you will have little recourse if you are cheated.

The airport slots at McCarran International Airport are notoriously tight, although I have been known to play them on occasion to enjoy a diversion not usually found in the airports of the world.An elderly neighbor of my mother had an interesting experience at the Las Vegas airport.His plane was already boarding when he hit a $100 jackpot on a quarter machine.Realizing that he did not have time to change the coins into bills, he began stuffing the quarters into every pocket he had.When he finally waddled onto the plane, with quarters bulging in every pocket, his pants fell down from the weight of the quarters.The entire plane gave him a round of applause.

There are many theories about where the best machines are located in casinos.Some players believe that machines located at the end of aisle hold the key to fame and fortune, while others will swear by different locations.If you have ever read about slots, it is likely that you were treated to the author's pet theories about where the best machines were.

To try to separate truth from fiction, I devised a simple experimental approach.Playing with a group of friends who agreed to participate in the experiment, we played a number of casinos systematically and recorded the results.In order to limit the number of variables for each trip to a casino, we played only the same denomination machines, e.g. nickel, quarter, dollar or five dollar machines.Our only variation in these experiments was the location of the slots in the casinos.Each trial was at least at hour long, each player used the same session bankroll, and each player played at roughly the same speed.Over the years, I was able to accumulate a number of these trials.While admittedly deficient in a number of ways (for example we played on slots manufactured by different companies, rather than same company slots, and all of our trips were to Las Vegas so that we didn't 'sample' other slot venues), I feel that the results clearly indicate a pattern of placement of slots by the casino executives.

We refined the terms 'loose and tight' to include three categories of machines:

Loose machines were those whose estimated paybacks were from 97—99%.

Middle paying machines paid out at from 93—96%.

Tight slots paid out less than 93% of the coins played.

Let's apply these criteria to different slot denominations.

This chapter continues and with specific information about where the best paying slots are found.Read about it in Super Slots!

Gamblers Bookcase
5901-J Wyoming NE Suite 305
Albuquerque NM 87109

© 1998 - 2013 Gamblers Bookcase · All Rights Reserved

Email Contact

It’s impossible to predict if a slot machine will pay out at a specific moment; anyone claiming otherwise either doesn’t understand how slot machines work or they work as a casino promoter.

If it were possible to identify precisely when a slot machine is about to pay, then the casinos would lose money, and we are all aware of the fact that it usually doesn’t happen. Internet gaming establishments are well-oiled machines built to provide you with entertainment in exchange for money.

However, don’t close this article just yet. The fact that there is no foolproof way to win money on slot machines every time doesn’t mean that it is impossible.

As you probably already know, the odds included in slot machine games are based on the mathematical probability. So, if you learn how those odds work, you might be able to use these findings to your advantage and make some profit.

What we’re actually saying here is that with a good strategy in play and a decent understanding of how to recognize (or at least assume) when a particular slot is about to pay out, you can increase your chances of winning.

We’ve done our homework and poured over countless slot machine tips and tricks in order to learn how to recognize the moment when a slot machine is about to pay out. After a lot of digging, we were able to create a list that shows the most effective strategies you can implement to overcome the ‘randomness’ of slot machines.

Play Only Slots With the Biggest Payouts

This piece of advice seems rather obvious but bare with us for a moment. Everyone who has played in either a brick-and-mortar or an online casino is familiar with the phrase ‘house edge’. For those who have heard about this term but aren’t quite sure what it means, we’ll try to clear things up a bit.

The term ‘house edge’ refers to the mathematical advantage that the gaming establishment has over players. This advantage results in a guaranteed percentage that is returned to the online casino over time. In other words, casinos always beat the players in the long run since the odds are stacked in their favor. You must have heard about the phrase ‘the house always wins’? Well, the house in this phrase is a casino, and you can see for yourself why it always wins.

However, don’t fall into despair yet as all is not lost.

Although the odds are stacked against players, it’s still possible to win. In fact, every slot machine has a theoretical return to player based on statistics which is called the RTP (Return to Player).

The average RTP for most slot games is somewhere between 90–96 percent. Therefore, every slot game that has the RTP over 96% is always a good option. A couple of percentage points difference may seem meaningless, but trust us — it makes a lot of difference over thousands of spins. For those reasons, it’s always a good idea to do a little digging before you start spinning the reels.

How to Find the RTP of a Slot Game?

Finding out the RTP of a particular slot game is quite easy. There are plenty of websites which review online casinos and write about their game selection, as well as their respective RTP’s.

Simply put, you stand a better chance with the higher RTP slot games. This particularly is the case when you’re playing through bonus spins.

Entertainment vs Big Wins?

This factor is almost as important as the RTP when it comes to choosing an online slot game. Volatility, sometimes called variance, in slot games measures how often and how much you can expect to win during your playing sessions.

Oklahoma Slot Machine Payouts

Higher volatility slots usually feature long dry strakes with occasional big wins. Since the payouts are substantially higher with high volatility slots, you might sometimes end up clicking the Spin button relentlessly, only to watch your bankroll dwindle. However, when everything lines up perfectly… boom! You’ve hit the jackpot that made the long dry spell worth it! One of the best high volatility slot games is the Book of Ra, created by Novomatic.

On the opposite side of the coin are the low volatility games where payouts are much more frequent but more much smaller. We are not saying that large wins are impossible with these games — far from it. It’s just when they do happen, they are not on the same scale as the ones available with the high volatility games.

It’s really up to the player and his preferences — if you prefer playing games where little wins pop up every couple of spins, then go for the low volatility games. On the other hand, if you are hoping for making the big bucks and are willing to take necessary risks, then we recommend high volatility games.

Online casino platforms aren’t quite eager to hand out the information about the game’s volatility, but it becomes obvious after playing it for a certain time. There isn’t such a thing as a ‘good’ or ‘bad’ volatility — it’s just a question of gambling style and personal preference.

Use the Bonuses in Your Favor

One way to put up a fight against the house edge is by taking advantage of the bonuses. As most of you probably already know, the majority of casino sites offer free spins/free money/ bonuses as incentives to lure new customers. Those bonuses can prove beneficial and turn the odds in your favor.

Of course, don’t expect that the bonuses will last forever. But while they last, you can definitely make the most out of them and clean up some easy cash. On that note, there is no reason why you shouldn’t search around and take advantage of different promotions.

Slot Machines FAQ

Below we’ve answered some of the most frequent slot-related questions. We know that slot machines pose a mystery, and we’ll help you unravel it.

Is gambling on a slot machine really random?

Yes, it is. All slot machines in all online casinos operate by using the RNG, a computer-run program that randomly chooses numbers. A reliable RNG generates numbers that are not related to each other in any way, thus ensuring that your games are fair and random. All types of bonus rounds are predetermined by algorithms, regardless of which slot game you play.

Are slot machines really streaky?

Yes, slot machines are streaky, and they tend to get cold and/or hot. But it’s all the same for you as you have no way of predicting when a slot machine will become hot or cold. These patterns that happen from time to time look like streaks of bad luck or good luck, but they are not based on anything — that’s just the nature of random events.

How can I find a slot machine that suits my gambling style?

It depends on your preferences — if you’re up for cheap entertainment, you should find games that allow a cheap max bet.

If you’re looking to win a massive jackpot, you should concentrate on progressive games and games that feature lots of bonus rounds. These games have high volatility, which means that payouts don’t happen very often, but when they do, they are substantially bigger.

If you just want to have a good time and money isn’t an issue, look for the latest developments. These games feature plots and characters from popular TV shows, movies, sports, and so on, and offer bonus rounds and other fun extras.

Is there a strategy I could implement to increase my chances of hitting the jackpot?

Unfortunately, there isn’t. All possible outcomes are controlled by a Random Number Generator and there is no betting amount or a specific strategy that will make it more or less likely for you to hit the jackpot. However, have in mind that in most online casinos (and land-based for that matter) you have to bet max in order to qualify for the slot jackpot payouts.

What’s a good strategy for playing slot machines?

What Slot Machines Have The Best Payouts

Before you start spinning the reels, find out the payout percentage of the selected slot machine — don’t play anything that has the RTP below 95 percent. If you are a high roller, go for the high volatile games and chase the main jackpot. Make the most out of the available casino bonuses — they can increase your winning chances by providing extra spins. Avoid the latest licensed slots if possible because, according to various sources, they are more likely to feature fewer payouts.

The fact that matters is that you can’t use some special skill to outsmart a slot machine and change the payout percentage of it. But you can try certain strategies that can maximize your chances of winning.