By Bill Burton

• Casino Payout Percentages By State
• Slot Machine Payout Chart
• Slot Machine Payout Percentage Las Vegas
• What Percentage Does A Slot Machine Payouts

Over the last year, I have heard many players complain that they are not having as many jackpots on the slot machinesas they used to have. I first heard this from a few of my friends who said they believed that the casinos were tightening the machines because the bad economy was forcing people to make fewertrips to the casino. I did not pay too much attention to this but then I started to notice other players posting the same opinions on several Internet forums.

Slot machines in Las Vegas cannot go below a 75% RTP, but most online slots will have considerably better odds than that. Better than Average The average online slot game will have a return to player of somewhere around 96%. 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¢.

It seems many of the players have come to believe that every casino was lowering the paybackpercentage on all of their machines.

A month ago I was contacted by a newspaper reporter from Colorado who requested an interview with me. He said he was writing a story about the casinos lowering the payback on the slot machinesthat were making it harder for the players to win. He wanted my opinion on the subject and he was surprised by my answer.

Why Players Win Fewer Jackpots

I told him I do believe that some casinos may be ordering new machines with lower payout percentages but I did not believe that this was the main reason why players may not be winning as muchas they used to. I gave him the following reasons for my answer.

Over the years there have been many myths associated with casino gambling. One of the most common ones is the belief that a casino can raise and lower a machine's payback with the flip of aswitch. This is not true because the slot machines have a computer chip in them that determines the pay back percentage. These are set at the factory.

In order for a casino to change the pay back, they would have to change the chip. In most jurisdictions, there is paperwork that has to be filled and submitted to the Casino Control Commissionfor each machine if the chip is changed. It is time-consuming and the chips are very expensive. For this reason, the cost of changing the chip in numerous machines on the casino floor does notmake economical sense.

Many of the gambling jurisdictions around the country require the casinos to report the overall payout percentages on a monthly basis. (California is not one of the States) These figures are amatter of public record and are published in some newspapers and gaming publications. I looked back on these figures over the last year and saw that there was very little change in most casinosaround the country. In some instances, there were even some of the payback percentages had increased.

A reason why some players feel that they may not be winning as often is the fact that many players are making fewer trips to the casino so they are not playing as many sessions. So because theyare playing fewer sessions they will see fewer big jackpots and fewer winning sessions overall. It is all proportional.

Some players may have decided to play lower denomination machines. Many of the nickel and penny slot machines have a higher hit frequency, which means you will have many smaller wins but not asmany big jackpots.

How To Help Your Payback Percentages

If you still honestly believe that your casino is lowering the return rate on the slot machines you have several courses of action. The easiest thing to do is to play the older machines. It isdoubtful that a casino would go through the expense of putting a new chip in an older machine to lower the return rate. You can try a new casino. You may find that your luck is better at adifferent casino and a change is your routine will let you enjoy some new experiences.

You can switch to video poker. It is the only machine game that will let you know the payback of the machine by readingthe pay table. However, if you do decide to try video poker, make sure you learn the strategy or get a strategy card to bring along with you when you play.

Switch to the table games. Playing table games is exciting and they offer a lower house edge than the slot machines. Many casinos give free table game lessons so you can learn the basics beforeyou sit down.

Let me close by saying again that I do believe that there will be some machines on the casino floors with lower returns, however, I do not believe that is as widespread as the rumors would haveyou believe. The casinos are in competition with each other for your business so they do not want to alienate the players by offering games where nobody can win.

As a customer/player you always have the option of taking your business elsewhere. The ultimate decision of where to play is entirely up to you.
Until next time remember, luck comes and goes.....knowledge stays forever.

The slot machine is no secret that one of the most popular forms of online gambling. Given that they are deviously easy to play and insanely fun, slots are all the rage among gamblers these days. The wacky music, animations, and faster gameplay have resulted in the overwhelming popularity of online slots. These online slots are so popular that they generate almost 70% of the entire revenue generated out of the gambling industry in the US.

Why the Slot Machine is such a big deal?

The offline slot machines of the past have become a part of popular culture due to their simple nature and promise of big jackpots. The slot machines are usually associated with astounding wins at the drop of a hat. This promise has made slots popular among gamblers. However, this popularity has also slipped into the online avatars of the game. Online slot machines have become the order of the day with themes ranging from shiny gems to mighty dragons. The attractive themes however are not the only reason for the popularity of these machines. Slots have a higher payout percentage on average when compared to other gambling avenues. This means that even if you do not win huge amounts of money, you will surely not walk away with huge losses.

Payouts percentages are usually represented out of a percentage of base value 100. Suppose a slot machine has a payout percentage of 95%; it means on a bet of Rs. 100, the average returns to the player are Rs. 95.

Slot Machine Payout Returns

A huge concern that players gambling on slot machines have is the element of bias. The concern is that since the slot machines are run by software, maybe the casinos can tweak them to reduce the winning rate. It is important to understand in this regard the function Random Number Generator or RNG plays. The software uses an RNG. RNG is a microcomputer which generates numbers at random when the players press the button. All the animations that the software makes are a part of the gameplay and do not affect the result. A lot of agencies check these RNG scores for randomness and certify them in accordance, so the concern of rigging is quite baseless.

Casino Payout Percentages By State

Payout returns from the slot machine depend directly on the impartiality of the RNG. Quite simply put, the total amount of money won by the player divided by the total amount of money placed as a bet is known as payout return. The time period of such transactions would depend upon the person calculating it, and there’s no fixed limit.

You can estimate the slot machine payment returns by taking into consideration a number of factors. These include the player’s performance on that slot, the collective performance of the slot across players, comparing the performance of similar slots, and looking at reviews. Usually, the gambler should place bets at the slot machine for 20-25 times as a sample pool if they wish to calculate returns.

Strategy to Maximize Returns

Slot machines are largely based on the element luck. Employing certain strategies are therefore essential to ensure that you do not lose a lot of money.

1. Familiarise yourself with the rules of the slot you are using. You should keep a track of all the offers, the bonuses, and the special combos,
2. Do not fall for myths and hacks. A common myth that is quite popular with gamblers is that unpopular slots have better winning rates. Steer clear of such pseudo-scientific advice.
3. Know your limits and efficiently manage your bankroll. Remember, this is a game of luck, if you are lucky and win, don’t try to push it too hard or you might end up losing all your money.
4. Calculate the expected returns and payouts before you decide to go all-in on a slot machine. A statistical approach could become the difference between winning handsomely and losing spectacularly.

Offline slots vs. Online slots

For most gamblers, the internet may not exactly be the most trustworthy place when it comes to slot machines and with good reason. Concerns that the results may be fudged by the software do come up from time to time. However, most software providers show the RTP or returns to the player from a slot and hence, helps the player to understand which slot to choose.

Slot Machine Payout Chart

At the end of the day, online slots should ideally be the preference of choice since, along with the requisite certification, they also come with reviews. Such reviews make it easier for a player to calculate payout returns. Online slot machines thus remain the most transparent way to gamble if slots are what you seek.

Slot Machine Payout Percentage Las Vegas

What Percentage Does A Slot Machine Payouts

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