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- I have just returned from the Las Vegas slot machines and I'm writing this letter, sitting at my Computer where I have just finished counting the $5,165.00 slot machine money I won this weekend. Not much you may say, but I am happy to make this amount and more every weekend. I have achieved the 'fun' of making money winning at slot machines.
by Steve Bourie
Virtually anyone who visits a casino, even for the first time, is familiar with a slot machine and how it operates: just put in your money, pull the handle and wait a few seconds to see if you win. It isn’t intimidating like table games where you really need some knowledge of the rules before you play and it’s this basic simplicity that accounts for much of the success of slot machines in modern American casinos.
As a matter of fact, the biggest money-maker for casinos is the slot machine with approximately 65 percent of the average casino’s profits being generated by slot machine play. As an example, in Nevada’s fiscal year ending June 30, 2018 the total win by all of the state’s casinos was a little more than $11.8 billion. Of that amount, $7.54 billion, or slightly less than 64 percent, was from electronic machine winnings.
With this in mind, you must ask yourself, “can I really win money by playing slot machines?” The answer is a resounding yes...and no. First the “no” part: in simplest terms a slot machine makes money for the casino by paying out less money than it takes in. In some states, such as Nevada and New Jersey, the minimum amount to be returned is regulated. In Nevada casinos the minimum is 75 percent and in New Jersey casinos it’s 83 percent. However, if you look at the slot payback percentages for those particular states in this book you will see that the actual average payback percentages are much higher. In New Jersey it’s close to 91 percent and in Nevada it’s slightly more than 93 percent. Even though the actual paybacks are higher than the law requires, you can still see that on average for every $1 you play in any of the Atlantic City casinos you will lose 9¢ and in Las Vegas casinos you will lose 7¢. Therefore, it doesn’t take a rocket scientist to see that if you stand in front of a slot machine and continue to pump in your money, eventually, you will lose it all. On average, it will take you longer to lose it in Las Vegas rather than Atlantic City, but the result is still the same: you will go broke.
Gee, sounds kind of depressing, doesn’t it? Well, cheer up because now we go on to the “yes” part. But, before we talk about that, let’s first try to understand how slot machines work. All modern slot machines contain a random number generator (RNG) which is used to control the payback percentage for each machine. When a casino orders a slot machine the manufacturer will have a list of percentage paybacks for each machine and the casino must choose one from that list. For example, a manufacturer may have 10 chips available for one machine that range from a high of 98% to as low as 85%. All of these chips have been inspected and approved by a gaming commission and the casino is free to choose whichever chip it wants for that particular brand of machine.
In almost all instances, the casino will place a higher denomination chip in a higher denomination machine. In other words, the penny machines will get the chips programmed to pay back around 85% and the $25 machines will get the chips programmed to pay back around 98%. A casino can always change the payback percentage, but in order to do that it usually must go back to the manufacturer to get a new RNG that is programmed with the new percentage. For this reason, most casinos rarely change their payback percentages unless there is a major revision in their marketing philosophy.
And what exactly is a random number generator? Well, it’s a little computer chip that is constantly working (as its name implies) to generate number combinations on a random basis. It does this extremely fast and is capable of producing hundreds of combinations each second. When you pull the handle, or push the spin button, the RNG stops and the combination it stops at is used to determine where the reels will stop in the pay window. Unlike video poker machines, you have no way of knowing what a slot machine is programmed to pay back just by looking at it. The only way to tell is by knowing what is programmed into the RNG.
Okay, now let’s get back to the “yes” part. Yes, you can win money on slot machines by using a little knowledge, practicing some money management and, mostly, having lots of luck. First, the knowledge part. You need to know what kind of player you are and how much risk you are willing to take. Do you want to go for the giant progressive jackpot that could make you a millionaire in an instant or would you be content walking away just a few dollars ahead?
An example of a wide-area progressive machine is Nevada’s Megabucks where the jackpot starts at $10 million. These $1 machines are located at more than 125 Nevada casinos around the state and are linked together by a computer. It’s fine if that’s the kind of machine you want to play, but keep in mind that the odds are fairly astronomical of you hitting that big jackpot. Also, the payback percentage is lower on these machines than the average $1 machine. During Nevada’s fiscal year ending June 30, 2018 Megabucks averaged a little less than 89% payback while the typical $1 machine averaged a little less than 94%. So, be aware that if you play these machines you’ll win fewer small payouts and it will be very difficult to leave as a winner. Unless, of course, you hit that big one! If you really like to play the wide-area progressive machines your best bet is probably to set aside a small percentage of your bankroll (maybe 10 to 15 percent) for chasing that big jackpot and saving the rest for the regular machines.
One other thing you should know about playing these wide-area progressives is that on most of them, including Megabucks, you will receive your jackpot in equal payments over a period of years (usually 25). You can avoid this, however, by playing at one of the casinos that link slot machines at their own properties and will pay you in one lump sum. Be sure to look on the machine before playing to see how it says you will be paid for the jackpot.
Knowledge also comes into play when deciding how many coins to bet. You should always look at the payback schedule posted on the machine to see if a bonus is payed for playing the maximum number of coins that the machine will accept. For example, if it’s a two-coin machine and the jackpot payout is 500 coins when you bet one coin, but it pays you 1,200 coins when you bet two coins, then that machine is paying you a 200-coin bonus for playing the maximum number of coins and you may want to bet the maximum two coins to take advantage of that bonus. However, if it’s a two-coin machine that will pay you 500 coins for a one-coin bet and 1,000 coins for a two-coin bet, then there is no advantage to making the maximum bet on that machine and you should only bet the minimum amount. To see more on this subject, watch my video titled 'The Slot Machine - When to bet Maximum Coins' on our YouTube channel.
Knowledge of which casinos offer the best payback percentages is also helpful. When available, we print that information in this book to help you decide where to go for the best return on your slot machine dollar. You may want to go to the Las Vegas Strip to see some of the sites, but take a look at the slot machine payback percentages for the Strip-area casinos in the Las Vegas section and you'll see that you can get better returns for your slot machine dollar by playing at the off-Strip area casinos.
The final bit of knowledge you need concerns players clubs. Every major casino has a players club and you should make it a point to join it before you insert your first coin. It doesn’t cost anything to join and as a member you will be able to earn complimentaries from the casinos in the form of cash, food, shows, drinks, rooms or other “freebies.” Just make sure you don’t get carried away and bet more than you’re comfortable with just to earn some extra “comps.” Ideally, you want to get “comps” for gambling that you were going to do anyway and not be pressured into betting more than you had planned.
Now let’s talk about money management. The first thing you have to remember when playing slot machines is that there is no skill involved. Unlike blackjack or video poker, there are no decisions you can make that will affect whether you win or lose. It is strictly luck, or the lack of it, that will determine whether or not you win. However, when you are lucky enough to get ahead (even if it’s just a little) that’s where the money management factor comes in. As stated earlier, the longer you stand in front of a machine and put in your money, the more likely you are to go broke.
herefore, there is only one way you can walk away a winner and that’s to make sure that when you do win, you don’t put it all back in. You really need to set a “win goal” for yourself and to stop when you reach it. A realistic example would be a “win goal” of roughly 25 percent of your bankroll. If you started with $400, then you should stop if you win about $100. The “win goal” you decide on is up to you, but keep in mind that the higher your goal, the harder it will be to reach it, so be practical.
And what if you should happen to reach your goal? Take a break! Go have a meal, see a show, visit the lounge for a drink or even just take a walk around the casino. You may have the urge to keep playing, but if you can just take a break from the machines, even it’s just for a short time, you’ll have the satisfaction of leaving as a winner. If, later on, you get really bored and find that you just have to go back to the machines you can avoid a total loss by not risking more than half of your winnings and by playing on smaller denomination machines. If you made your winnings on $1 machines, move down to quarters. If you won on quarters, move down to nickels. The idea now is basically to kill some time and have a little fun knowing that no matter what happens you’ll still leave as a winner.
And now, let’s move on to luck. As stated previously, the ultimate decider in whether or not you win is how lucky you are. But, is there anything you can do to help you choose a “winning” machine? Not really, because there is no such thing. Remember, in the long run, no machine will pay out more than it takes in. There are, however, some things you could try to help you find the more generous machines and avoid the stingy ones. Keep in mind that all slot machine payback percentages shown in this book are averages.
Like everything else in life, slot machines have good cycles where they pay out more than average and bad cycles where they pay out less than average. Ultimately, what you want to find is a machine in a good cycle. Of course if I knew how to find that machine I wouldn’t be writing this story, instead I’d be standing in front of it with a $100 bill in my hand getting ready to play it. So, I guess you’ll have to settle for my two recommendations as to how you might be able to make your slot bankroll last longer.
First, is the “accounting” method. With this method you start with a pre-determined number of credits and after playing them though one time, you take an accounting of your results. If you have more than you started with you stay at that machine and start another cycle. Just keep doing this until the machine returns less than you started with. As an example, let’s say you start with a $10 credit voucher. After making 10 $1 bets you see how many credits you have left on the machine. If it’s more than $10 you start over again with another 10 $1 bets and then do another accounting. If, after any accounting, you get back less than the $10 bankroll you started with, stop playing and move on to a different machine. This is an especially good method because you have to slow down your play to take periodic accountings and you will always have an accurate idea of how well you are doing.
The other method is even simpler and requires no math. It’s called the “baseball” method and is based on the principle of three strikes and you’re out. Just play a machine until it loses three times in a row, then move on to another machine. Both of these methods will prevent you from losing a lot in a machine that is going through a bad cycle. To see more on this subject, watch my video titled '10 Tips To Stretch Your Slot Machine Bankroll' on our YouTube channel.
Casinos have more slot machines than all of the other games combined. But unlike many casino games, the slots still have some secrets.
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Here’s a list of 15 slot machine secrets the casinos don’t want you to know about.
1. Slot placement isn’t random
Although casinos would like you to think that everything on the floor is placed in a completely random way for ease of access and aesthetics, this certainly isn’t the case.
Every square foot of the casino is analyzed, measured, and reported on by the casino gaming department. Traffic patterns are monitored and value is placed on certain areas of the casino to determine which slots or games to place in that area.
Usually, the highest yield slots are placed in the most popular locations in the casino. On top of this, the most popular slots are also placed in these areas to attract players into the casino to play.
So now you know that those slots that are most prominent and visible are the ones that make the most money for the casino, which means they’re also the most disadvantageous for the player. Head towards the back of the casino next time you want to play slot machines to find a better value.
2. Some slots pay out more than others
Not all slot machines are created equal, and this means they all don’t pay out at the same rate.
Generally speaking, video slots pay out less than classic reel slots. This is because reel slots are cheaper to run and maintain, and aren’t as appealing to the player as the video slot.
Video slots are now extravagant and have pop-culture themes, which attracts more players. Because of this, the casinos can dial down the payout rate.
Alternatively, the classic slots aren’t as popular or appealing anymore so the casinos will dial up the payout rate to attract more players, and subsequently keep you at the slot longer. I suggest you do a bit of searching on the internet about slot payout rates as this information is widely available, particularly for popular gaming locations.
3. The slots club doesn’t exist to reward you
This is one of the biggest cons in the gambling industry. You know how the casinos promote themselves as giving back to the player and rewarding you for your play? This is all a lie.
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Now, I’m not saying you won’t get some free play credits, access to promotions, and other comps for being a part of the slot or player’s club, but this isn’t why it exists. It exists to provide the casino marketing department with player data so that they can attract and retain you as a customer.
Yes, that’s right, all the free money and comps you get out of the casino are from the marketing department. They will analyze your play, movement, likes, dislikes, and betting patterns to determine how best to market themselves to you so that you return.
The slots club is a powerful marketing tool, and while it’s always a good idea to join and use your card whenever you play, don’t fool yourself into thinking that this is all done to reward you.
4. You can’t win at slots in the long run
People do win at slots all the time. They have big wins and small wins; the problem is that on a long enough timeline it’s impossible to win.
Slots are manufactured and programmed in a way to ensure that they only pay back a certain percentage of the money that’s placed into them by players. Usually, this is in the range of 70-90% but it can be far worse or better depending on where you’re playing.
No one would ever play if you didn’t win from time to time, so this is also built into the machines. Some casinos don’t want you to know this and in some US states, they don’t even have to tell you what the payout rate is. Fortunately, there are many states that do provide it to players, and I highly recommend taking advantage of that information.
Although it’s pretty common these days for players to know that you can’t win in the long run, some still don’t know, and those that are oblivious to this fact are loved by casinos.
5. Max betting is the best option
This one may seem counter-intuitive but it’s true. On most slots, max betting activates all the bonuses and jackpots and increases your odds of getting lucky and winning, which makes it the best option for players.
Although it doesn’t make too much of a difference, it still creates more favorable conditions for the player. The casinos don’t want you to know this because they want you to bet small and more often at a worse payout rate, which makes them more money in the long run.
One thing you certainly don’t want to do though is max-bet above your bankroll and burn through more money than you intended to. Playing more than you can afford to lose is playing right into the casino’s hands. If you can’t afford the max bet on a slot then drop down in denominations or move to a machine where the max bet is smaller and works within your bankroll.
6. Class 2 slots aren’t really slots at all
Sometimes you’ll come across slot machines that are classified as class 2 slots. These are usually found on native Indian reservations or racinos in the United States.
These aren’t traditional slots like what you would find in Las Vegas. Vegas slots are Class 3 slots and are proper slot machine games.
Class 2 slots are actually pre-programmed bingo games which present a slot face for entertainment purposes. Class 3 slots are usually illegal in the jurisdictions that have these slots bingo games, so game manufacturers and casinos combined their forces to come up with this alternative.
Sometimes you’ll see a small bingo card on the bottom corner of the screen which will straight away tell you that this is a class 2 slot machine. So, be warned, these machines are not slots at all and you’ll be effectively playing computer bingo when you start spinning on these.
7. Video slots pay out less than classic slots
Big fancy video slots will almost always pay out less than classic reel slots. This is because of the fact they’re more entertaining, draw more players and action, and cost the casinos a lot more to run and maintain.
These big machines often take up two to three times the amount of space compared to classic slots and tend to cost the casinos a lot more to keep them running. In order to maximize profits, the casinos will then dial down the payout rate on these machines so they still make enough money on them.
Immersive video slots are a huge moneymaker for the casino, so don’t go in thinking you have the same chance of winning on these compared to traditional old school slots. If you’re looking for better chances to win on slot machines, then stick to the classic slots.
8. Slots are completely random
Casinos don’t want you to know this, but slot machines are completely random in nature. Although they are weighted to pay out at a certain rate, this is still in line with the randomness of results that a slot will produce.
Each spin is completely independent of the previous spin. As an example, if you were to win the jackpot on one spin, then the likelihood of winning the jackpot on the next spin is exactly the same. No previous events impact future events. This isn’t how they work.
Casinos don’t want you to know this because they want you to think slots are “hot” or “cold”, because that will cloud your judgment in respect to how much you play and gamble. This works out better for them in the long run so they are happy for these myths to grow and spread.
9. All of your play is tracked
From the moment you sit down at a slot and enter your player card and cash, every movement you make is tracked automatically by the casino. Slot machines are now networked and have sophisticated hardware and software to track everything you do.
This information is collected, analyzed, and insight reports are developed and delivered to the casino marketing department so they can work out the best possible way to market their casino and slots to you so that you keep coming back and play more. If you don’t want your play tracked then simply don’t use your player’s card, but then you won’t get any casino comps.
In the near future, if it’s not being used already, casino marketing departments will start using security infrastructure to monitor and track your play irrespective of whether you use your card or not. Facial recognition programs will detect you, associate you with a player’s card or create a new player account and track everything you do on a video feed.
This is a bit scary and it shows the lengths casinos will go to. If you play online, everything is tracked under your player account, so it’s easier for online casinos to monitor what you do in this respect.
10. Payout tickets are more likely to be put back into a machine
Over the past 20 years, casinos have slowly phased out cash payouts at slots. These days you’ll likely receive a ticket when you cash out, which you then must take to a cash-out machine or the cage to exchange for cash.
While the casinos will claim this is for your convenience, one of the main reasons they’ve made this change is to disassociate you from the fact you’re holding money. This is similar to what they do with chips on table games.
Psychological studies have proven that people are far more likely to gamble more with a ticket or chips, as opposed to cash. So don’t be fooled into placing your ticket into another slot on the way to cashing out, they’ve done this on purpose. I’d recommend that you always cash the tickets out for cash every time, instead of keeping it for play later.
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11. Slot arms don’t exist as much anymore because they slow down play
Back in the day, pretty much every slot machine had an arm, or lever, that you pull to activate the spin. These days it’s much harder to find machines that have these.
While there are a few reasons for this, the main reason and the one the casinos don’t want you to know is because using a lever is much slower when compared to pressing a button. Casinos want you to be playing as quickly as possible when it comes to slots because the more you spin the more the odds move in their favor.
So by having buttons instead of levers the game moves a lot faster. Some may even say they’ve removed the lever so people don’t refer to slot machines as one-armed bandits anymore, but that may just be here-say.
12. Games are designed to be played as fast as possible
As we touched on in the previous secret, casinos want you to play whatever game you’re on as quickly as possible. While one of the main measurements on a slot is the time spent playing, they also want you to play as quickly as possible.
This increases the yield on the machine for the casino, meaning they make more money. Consider this, if you have a bank of widely popular slots which many people want to play, and it takes 20 seconds per spin, that’s quite a lot of time.
If a spin takes five seconds then you’re getting four times the amount of play on that machine which results in much more money passing through. So, all the time the casinos are trying to think of ways to make games happen much faster. They don’t want you playing slowly, so make sure you take your time next time you sit down at a slot. After all, the more time you play the more entertainment value you get.
13. Slot sounds and graphics are designed to make you feel happy
One thing that casinos certainly don’t want you to know about is the fact that slot machine manufacturers have teams of psychologists and researchers that provide advice on what sounds, colors, movements and graphics to use in games in order to make the player feel as happy as possible.
This is both good and bad. Firstly, it’s good if you’re playing for entertainment’s sake and know your limits when it comes to how much money you’re willing to play with. If this is the case then why not play a game that’s designed to make you feel happy.
Secondly, it’s bad when it comes to problem gamblers who don’t know when to stop and are chasing that happy feeling that the games give them. So this is a two-way street; that’s for sure. Casinos probably don’t want you to know this because it isn’t a great look.
14. Sometimes a win isn’t a win
One recent trend on slots is to play a jingle and show an animation showing that a player has had a win; this used to be a good thing and it meant you were making a profit, but not so much these days.
Much to the ire of lawmakers and the regulators, slot machines now play this jingle and imply a win, even when the spin results in less money won than you actually wagered on that spin in the first place. So this is essentially a loss and it’s trying to trick the player into thinking that they won.
Regulators are trying to have this outlawed but it will take some time. So, next time you’re playing don’t be fooled by the animation and sounds and the on-screen advice that says you’ve had a win. Make sure you check how much you ‘won’ when compared to how much you bet, before you celebrate.
15. Major progressive jackpots are played across multiple venues
Have you ever walked past a progressive jackpot slot machine and stared in awe at the huge jackpot which is currently available and is running into the millions of dollars?
If so, then you may not be aware that these slots are actually linked nationwide and the jackpot is played across thousands and thousands of machines and the casinos actually have no part in this prize.
Casinos don’t want you to know this of course; they want you to think that it’s just that machine so that you sit down and play and spin away thinking that you’re the only person who could possibly win that prize at that time.
These major progressive jackpot machines actually take a small cut from each bet you make and divert it to the major jackpot. So you should never play on one of these unless your ultimate goal is to win the life-changing money, and there’s certainly nothing wrong with that.
Conclusion
Casinos are designed to make money just like any business. The slot machines are a big piece of the profit puzzle so the casinos do everything they can to make them more profitable.
Now that you know these 15 slot machine secrets the casinos don’t want you to know you can gamble as an informed player. If you love slots there’s no reason to stop playing, but you should know these secrets before you play again.