Las vegas casino payout percentages
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Most slot machines work the same way. The player pulls a handle or presses a button to spin a series of reels typically three that have pictures printed on them.
You win when certain combinations of pictures line up with a pay line in the middle of a viewing window.
The payout depends on which pictures land along the pay line. Some machines have multiple pay lines. A pay table chart tells you the amount of the payout.
It is usually found on the front of the machine, above or below the area containing the wheels. All slot machines in use today in casinos are electronic computerized rather than mechanical.
As a general rule, reels, handles, sound effects and other attributes are there to make them appear to be like older, more familiar, mechanical machines.
Themed slot machines that require the manufacturer to pay a license fee such as one named after a movie star, cartoon character, TV show, etc.
So stick with the traditional machines such as the Double Diamond, Blazing 7s, and Red, White and Blue that pay back more.
As a general rule, slot managers place their most popular - and best paying - machines in areas that generate excitement - such as near the front entrance and other high traffic areas.
Some popular slots - such as nickel machines - are placed in the rear of the casino to get people to walk to the back.
High payback machines are also sprinkled throught the casino floor. Be aware that the higher the cost per "handle pull," the higher the payout.
The Nevada Gaming Control Board has a slighty different figure. The payback percentage for Las Vegas and all Nevada slot machines are a known factor.
Because they are taxed, all machines are strictly controlled and keep track of "coin in" and "coin out" which, overall, is a matter of public record.
Manufacturers program each machine to payback a specific percentage which is based on a span of ten million handle pulls!
Any slot can and does pay out more or less over a shorter period. A good website on slot machine gambling is located here The newest wrinkle in slot machines is coinless slots.
The traveling coin gal and coin cups are fast becoming a thing of the past. Don't forget to redeem the tickets! Some have expiration dates on them.
Video poker slots work the same way as regular rotating wheel machines. Instead of a reel, they have changing playing card images.
They are generally based on five-card draw poker. A series of five cards are generated from a freshly shuffled 52 card deck for each play and shown on the screen.
The player discards some or all of the cards and replacements for the remaining cards are drawn. While you are deciding which cards you want to hold, the remaining 47 cards are constantly shuffling.
After you decide and hit the button again, the cards stop shuffling and the x-number of cards you need to fill your draw hand come off the top and occupy the vacated positions.
The objective is to get the best poker hand. Again a chart indicates the amount of the payout. All video poker is not alike.
A casino can tighten a Jacks-or-better video poker machine by simply paying out less for a full house and flush. The most common way that a casino increases it's win is to pay only 8 for the Full House and 5 for the Flush.
The casino keeps an extra 2. Double Bonus Poker DB is a variation on video poker in which the payout for two pair is reduced from two to one in exchange for greatly increased payouts for other hands A great video poker website is VideoPokerReview.
A couple of playing hints: Never keep a high card kicker with a pair; draw three cards. Always go for the Royal Flush if you have four of the five needed The odds are one in 52 that you will hit the needed card All slot and video poker machine models are tested by the state of Nevada to be certain that all results are based on a random number generator RNG.
Because gross revenue is taxed, every machine keeps track of the money paid in and the winnings paid out.
Winning at slot machines is pure luck. And a machine that hasn't paid recently is not due to win. While winning combinations are determined on a totally random basis, the overall payback percentage is set on a standard machine.
A casino tells the slot machine manufacturer what percentages it wants specific machines to pay back and that amount is programmed in. The payback percentage is determined by state-approved computer chips which are installed by the manufacturer.
The RNG in these microchips continuously generate hundreds of randomly chosen numbers every second the machine is on Each number corresponds to a set of symbols on the wheel.
But this is hardly ever the case. It is easier just to change out the machine programmed by the manufacturer. The state of Nevada requires that every machine pay out a minimum of 75 percent of the money it takes in.
Due to competitive pressures, however, the overall payout percentage is much higher. Slot machines are typically programmed to pay out around 82 to 98 percent of the money that goes into them as winnings.
Most pay around 92 to 96 percent And where you play the slots makes a difference. The payout on machines located on the Strip is about one or two percent lower than downtown or other off-strip properties Worth a try, right?
How will they feel about the other banks? Might even lose a customer for good over it. Best to just put out the highest payout machines you can afford, and let it ride.
Look for the basic machines like Double Diamond, Red White Blue, etc, because more money will get run through them, over the same amount of time.
Casino will gladly give back some of that, through a slightly lesser hold. Good article and discussion.
I remember a so called gambling expert once said the nicer the carpet the tighter the slots. Probably some truth to it. I game a lot on video poker at M, Silverton and Hard Rock.
I am gonna try this technique. Will let you know…. This is really good advice and worth a try. You may not even hit a bonus.
There is zero risk that a slot manager would or could be held accountable for giving you blatant misinformation. Now, do I believe that the guy at The D would?
So if you follow this advice…. Also, I think anecdotal information from waitresses and other players would statistically be of almost no value.
They may be able to separate a high volatility machine from a low volatility machine…that can be apparent relatively quickly.
If they were, I imagine the same casino manager might back them off. Thanks, for general info. Black Jack is of course the best game but I can get drunk with slots as long as the payout is decent, build up free room and food and go to bed feeling ready to concentrate on cards the next day.
So hopefully this will improve my mindless gaming a little bit.