What Is The Least You Should Bet On Slot Machines

An amazing amount of misinformation can be found on the Internet. Some of it is published by people who just don’t know any better. Some of it is published by people who are just interested in making a quick buck off the suckers out there.

Your goal is to know better and not be a sucker. Playing slot machines can be a perfectly legitimate way of spending your time in a casino. It’s a lot of fun, and casinos are all about entertainment.

Your goal is to know better and not be a sucker. Playing slot machines can be a perfectly legitimate way of spending your time in a casino. It’s a lot of fun, and casinos are all about entertainment. But thinking that you’re going to win because of some goofy slot machine myths you found on the Internet is going to lead to disappointment. And since you play slot machines for real money so fast (400-800 spins an hour), you lose more at slots than at any other casino game. (Read how slots work to understand them better.) Like most casino games, a slot machine is a game of independent trials (the previous game has no influence on the next game).

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But thinking that you’re going to win because of some goofy slot machine myths you found on the Internet is going to lead to disappointment, not fun. Understanding how the games actually work is the first step in dispelling those myths and becoming an educated player.

Understand this one point clearly from the beginning, and you’ll be way ahead of most of the so-called slots experts on the Internet: slot machine results are random. Your chances of winning at a slot machine game are random, and there’s nothing you can do to affect the outcome on any specific game.

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Here are some specific myths we’ve seen touted on the Internet, along with an explanation of why each one is misinformation.

1. Some times of day are better than others. This isn’t true. Casinos aren’t able to reprogram the payout percentages on the games that easily or that quickly. You’ll also find sites that claim that some days of the week are better than others, or that the payouts improve during convention dates, or on special occasions. In any case, it’s not true. Time of day, day of the week, and special events in town are all irrelevant to your chances of winning.

2. Pulling the lever is more likely to generate a win than pushing the spin button. This might slow down your play a little bit, but it won’t increase your chances of winning. It might decrease the average amount you lose per hour, but the effect is negligible. Suppose you’re playing 400 spins per hour by pressing the button, but by using the lever instead, you’ve reduced that to 350 spins per hour. If you’re playing a really loose dollar machine with a payback percentage of 97%, you can expect (mathematically) to lose $12 per hour by pushing the button, but you’ll only lose (on average, mathematically), $10.50 per hour by pulling the lever. That’s not because you’ve changed the odds of winning, though—it’s because you’ve made fewer bets per hour.

3. Playing with your slots club card decreases your chances of winning. The theory is that the casinos want you to win less in order to recoup the perks and rebates that you receive from playing with the slot machine club. The reality is that the amount of money returned is negligible, and the casinos don’t mind paying it. The other reality is that the slot machine software doesn’t have a means to change its random number generator program based on whether or not the card is inserted.

4. Casino employees can help you find the loose slots. One piece of advice that I always thought was amusing was that you should ask one of the low-level employees at a casino where the loose games are, and that you should offer a share of your winnings to them in return for the information. Cocktail waitresses and bartenders don’t have any better idea about where the games with the best odds of winning are located than anyone else. Even if they did, Vegas slot machines are a negative expectation game, so you couldn’t make a living acting on that information anyway.

5. You can’t improve your chances of winning. This sounds diametrically opposed to all of the advice we’ve given elsewhere on this page, but it’s not. You can choose which types of slots games to play, and some types of slot machine games offer better odds than others. For example, a game with a fixed jackpot almost always offers a better chance of winning than a game with a progressive jackpot. Games with higher denominations almost always offer better odds than other games. And games with lots of video bonuses and extras usually pay out less than straightforward, plain-vanilla games. That’s because the bonus games on the video slots take more time than a simple spin of the reels, which means that players put less money into action per hour. The casino makes up for that by setting the payback percentage lower on such machines.

Also, one simple way of improving your chances of winning is to avoid the games at the airport. Those always have the lowest payout percentages.

6. The temperature of the coins matters. Most people don’t use coins anymore anyway, but even if they did, do you honestly think that a warm coin is going to improve your chances of winning? By the same token, you don’t improve your chances of winning by using coins instead of bills or vice-versa, either. The idea is ludicrous.

What Is The Least You Should Bet On Slot Machines

7. The length of time since the last jackpot matters. Some people think that a machine gets hot or cold, but the reality is that each spin of the reels is an independent event. Slot machines don’t become due for a win when they haven’t paid out in a long while, and they also don’t become hot and start paying out more. Every spin is like a single coin toss or a single roll of the dice—the outcome is independent of all the outcomes prior to it.

8. The location of the slot machine in the casino matters. Many of the $47 ebooks you’ll find on the Internet that claim to teach you how to win at slots claim that the loosest machines are set on the aisles of the slot banks because they’ll attract more players that way. That might have been true at one time in certain casinos, but it’s certainly not true in today’s casino market.

What Is The Least You Should Bet On Slot Machines Free

Slot machines can be fun, but if you buy into the above myths, they can lead to a lot of heartbreak and disappointment, too. Don’t be a sucker.

Remember the movie National Lampoon’s Vegas Vacation, when gambling fever consumes Chevy Chase’s character, Clark W. Griswold? He goes on a losing streak to beat all losing streaks while his son, Rusty, wins four cars by playing the slot machines. Maybe Clark would have done better if he had read Probability For Dummies! In this article, you discover the basic ideas behind slot machines and how they work, so that you can get past the myths and develop a strategy based on sound probability.

Understanding average payout

When casinos advertise that their slot machines pay out an average of 90 percent, the fine print they don’t want you to read says that you lose 10 cents from each dollar you put into the machines in the long term. (In probability terms, this advertisement means that your expected winnings are minus 10 cents on every dollar you spend every time the money goes through the machines.)

Suppose you start with $100 and bet a dollar at a time, for example. After inserting all $100 into the slot, 100 pulls later you’ll end up on average with $90, because you lose 10 percent of your money. If you run the $90 back through the machine, you’ll end up with 90 percent of it back, which is 0.90 x 90 = $81. If you run that amount through in 81 pulls, you’ll have $72.90 afterward (0.90 x 81 = 72.90). If you keep going for 44 rounds, on average, the money will be gone, unless you have the luck of Rusty Griswold!

How many pulls on the machine does your $100 give you at this rate? Each time you have less money to run through the machine, so you have fewer pulls left. If you insert $1 at a time, you can expect 972 total pulls in the long term with these average payouts (that’s the total pulls in 44 rounds). But keep in mind that casinos are designing slot machines to go faster and faster between spins. Some are even doing away with the handles and tokens by using digital readouts on gaming cards that you put into the machines. The faster machines can play up to 25 spins per hour, and 972 spins divided by 25 spins per minute is 38.88 minutes. You don’t have a very long time to enjoy your $100 before it’s gone!

The worst part? Casinos often advertise that their “average payouts” are even as high as 95 percent. But beware: That number applies only to certain machines, and the casinos don’t rush to tell you which ones. You really need to read or ask about the fine print before playing. You can also try to check the information on the machine to see if it lists its payouts. (Don’t expect this information to be front and center.)

Implementing a simple strategy for slots

Advice varies regarding whether you should play nickel, quarter, or dollar slot machines and whether you should max out the number of coins you bet or not (you usually get to choose between one and five coins to bet on a standard slot machine). In this section, you’ll find a few tips for getting the most bang for your buck (or nickel) when playing slot machines.

Basically, when it comes to slot machines, strategy boils down to this: Know the rules, your probability of winning, and the expected payouts; dispel any myths; and quit while you’re ahead. If you win $100, cash out $50 and play with the rest, for example. After you lose a certain amount (determined by you in advance), don’t hesitate to quit. Go to the all-you-can-eat buffet and try your luck with the casino food; odds are it’s pretty good!

Choosing among nickel, quarter, and dollar machines

The machines that have the higher denominations usually give the best payouts. So, between the nickel and quarter slots, for example, the quarter slots generally give better payouts. However, you run the risk of getting in way over your head in a hurry, so don’t bet more than you can afford to lose. The bottom line: Always choose a level that you have fun playing at and that allows you to play for your full set time limit.

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Deciding how many coins to play at a time

When deciding on the number of coins you should play per spin, keep in mind that more is sometimes better. If the slot machine gives you more than two times the payout when you put in two times the number of coins, for example, you should max it out instead of playing single coins because you increase your chances of winning a bigger pot, and the expected value is higher. If the machine just gives you k times the payout for k coins, it doesn’t matter if you use the maximum number of coins. You may as well play one at a time until you can make some money and leave so your money lasts a little longer.

For example, say a quarter machine pays 10 credits for the outcome 777 when you play only a single quarter, but if you play two quarters, it gives you 25 credits for the same outcome. And if you play the maximum number of quarters (say, four), a 777 results in 1,000 credits. You can see that playing four quarters at a time gives you a better chance of winning a bigger pot in the long run (if you win, that is) compared to playing a single quarter at a time for four consecutive tries.

What Is The Least You Should Bet On Slot Machines Youtube

The latest slot machine sweeping the nation is the so-called “penny slot machine.” Although it professes to require only a penny for a spin, you get this rate only if you want to bet one penny at a time. The machines entice you to bet way more than one penny at a time; in fact, on some machines, you can bet more than 1,000 coins (called lines) on each spin — $10 a shot here, folks. Because these machines take any denomination of paper bill, as well as credit cards, your money can go faster on penny machines than on dollar machines because you can quickly lose track of your spendings. Pinching pennies may not be worth it after all!