Thursday, October 24, 2013

Slot Machine Payback Percentages

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Most slot players have seen the advertisements or billboards proclaiming that the XYZ casino has the loosest slots on the town. These ads can even say that the machines have a 98 percent payback percentage. Within the casino you might even see an indication reading that machines in a undeniable carousel have a guaranteed return of 99 percent. While a majority of these claims could also be truthful, they are often deceptive to the typical player.

Payback is the total percentage that a machine will return to the player in the end. These figures are programmed into the machines computer chip and are set by the manufacturer to the specifications that the casino wishes to make use of for that machine. This can be anywhere from 75 to 99 percent. Some states regulate the minimum payback that a machine can return.

Many players believe they are going to win more on a machine that pays out 99 percent in comparison to a machine that pays out 94 percent but this isn't necessarily true. The payback percentage is the profit that the casinos can expect to earn over the life of the machine. The typical player won't ever play long enough to peer the total return. Simply because a machine has a payback of 99 percent that doesn't mean you're going to win back $98 for each $100 you play in the course of the machine.

You might play $100 through a slot machine with a 94 percent payback and win $5,000 after which take a seat and play $100 through a machine with a 99 percent return and lose all of it in a couple of hours. There's no way of gauging the full return when you only play a machine for a couple of hours or perhaps a few days a year. The casinos can do have some way of checking the long run payback because they've access to the coin meters within the machines.

All of the slot machines have meters that record every coin installed and each coin paid out. Within the new coinless with machines with bill receptors they'd count the “credits” played during the machine. All of it works out the similar. When you receive a hand paid jackpot these meter reading are recorded at the pay voucher that the attendant takes to the cage after they get your money. Most casinos now have automated computerized systems that track all of this knowledge from the machines right into a central database. They are able to look any machine and determine the payback for any given time period but you because the player seriously isn't aware about this data.

Play Affordable As a general rule the upper denomination slot machines have a better overall payback percentage that the lower ones. Many players have heard that it's better to play the upper denomination machines as a result of higher payback. Should you can afford it by all means you must play the slots with the top payback.

While this can be true when you visit the casino often and play a large number of slots it would not be the most productive advice for many players. When you've got a limited bankroll and wish to make your gambling dollars last more you're a lot better off playing a lower denomination machine. The worst thing a player can do is to play any game for more cash than the can afford to lose or at a better denomination than their bankroll will handle.

I am often asked if it might be better to play a sing coin in a dollar machine in place of three coins or four coins in 1 / 4 slot machine due to the higher payback within the dollar machine. This sounds good in theory and can work if you happen to may also be content playing a single coin per spin. However, a number of the new video slots offer games with multiple pay lines. Most players will probably want to play a couple of line on some of these games so that you must consider the whole cost of a spin might be much higher than the bottom denomination of the machine. Because of this your are seeing an increasing number of of those machines in lower denominations equivalent to nickels and even pennies.

The Best Advice The best advice I WILL BE ABLE TO provide you with is to play the games you enjoy most on the highest denomination you'll afford. As a recreational player your first goal is to have a good time. If you happen to only visit the casino occasionally the full payback of the machine may not be much concern to you as you'll likely never play long enough to look the long run affects of the payback percentages.

Until Next time remember: Luck comes and goes.....Knowledge Stays Forever.


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Read More... [Source: About.com Casino Gambling: What's Hot Now]

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