Wednesday, July 3, 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 may also say that the machines have a 98 percent payback percentage. Within the casino you may even see an indication reading that machines in a definite carousel have a guaranteed return of 99 percent. While most of these claims is also truthful, they are often deceptive to the common player.

Payback is the whole percentage that a machine will return to the player ultimately. 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're 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 common player won't ever play long enough to peer the entire return. Simply because a machine has a payback of 99 percent that doesn't mean you are going to win back $98 for each $100 you play during the machine.

You might play $100 through a slot machine with a 94 percent payback and win $5,000 after which sit 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 total return in case 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 longer term payback because they have got 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 once they get your money. Most casinos now have automated computerized systems that track all of this data from the machines right into a central database. They are able to look any machine and determine the payback for any given time frame but you because the player isn't aware of this knowledge.

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. For those who can afford it by all means you desire to play the slots with the top payback.

While this can be true in case 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 have a limited bankroll and wish to make your gambling dollars last more you are 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 the next 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 preference to 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 should you will also be content playing a single coin per spin. However, some of the new video slots offer games with multiple pay lines. Most players should want to play a couple of line on all these games so that you must consider the total cost of a spin could be much higher than the bottom denomination of the machine. This is the reason your are seeing an increasing number of of those machines in lower denominations akin 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 be able to afford. As a recreational player your first goal is to have a good time. When you only visit the casino occasionally the entire payback of the machine may not be much concern to you as you will likely never play long enough to look the longer term 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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