25 Dollar Slot Machine Odds

4/8/202222.08.2017admin

Slot machine odds by state. Each state has its own rules regarding slot machine odds; as in Arizona, for example, the payback percentage is 80% to 100%, in Florida is a fixed rate of 92, 44%. Based on this rule, all online casinos adopted their internal regulations regarding odds and winning percentage.

Record-breaking payouts on slots have all occurred in Vegas casinos, such as The Mirage, The Freemont, and The Excalibur. We recommend players visit casinos that offer a huge variety of slot machine games to find one they enjoy and might payout. The Bellagio in Vegas, for example, has 2,300 slot machines.
Read on to determine if $25 slots are the way to go, and if not just how to use that $25-a-spin money to milk the excess wealth the casino has stored in its high limit repositories. Playing $25 Slot Machines Equals More Wins. $25 slot machines generally tend to pay out more often than any other type of machine.
According to the Nevada Gaming Control Board, the dollar slots pay back an average of 95% of receipts, 25 cent slots payout 93% on average, and 5 cent slots give back 90% to the players. The payout from slots at the downtown or other off-Strip locations is one or two percent higher than those on the Strip.
The only way to improve your slot machine odds in the long term is to pick a good slot machine and play only money you can afford to lose. Based on their RTP alone, the 12 best slot machines to.

Introduction to High Roller Slots Tricks

This blog continues our journey of winning strategies for slot machine casino gambling. Here, I’ll be explaining to you three easy high roller slots tricks. Now, please understand I’m not trying to turn you into a full-time high-limit slot machine gambler! Not at all!

As I’ll explain, there are some very inexpensive slots winning strategies which can be applied to more than just low limit slots. They can also be rather cheaply used, with only a few bets, on a $1 to $5 denomination high limit slot machine.

The three tricks you should know about involve applying a few of the winning strategies I’ve already discussed, as well as a new slots strategy, winning strategy #6, I’ll be explaining in full momentarily. Here goes!

This article has the following sections:

Introduction
1st Trick: Use Winning Strategy 1 in a High Limit Slots Area
2nd Trick: Combining Winning Strategies #1 and #7
3rd Trick: If a Slot Machine Shows a Win, BET ONCE
How Long Does a Slot Machine Need to be Idle?
Play High Limit Slot Machines When Appropriate – Carefully!
Summary

Keep Reading … or Watch Instead!

Or … Listen Instead!

Subscribe to my Professor Slots podcast at Apple Podcasts Google Podcasts Spotify Amazon Music Amazon Audible Gaana Stitcher Pandora iHeart Radio Tune-In SoundCloud RadioPublic Deezer RSS and everywhere else you find your podcasts!

1st Trick: Use Winning Strategy #1 in a High Limit Slots Area

One interesting pattern I’d noticed at a relatively medium-sized casino had to do with a simple observation. At this local casino, I saw that I would win once when I first sit down, but not win again for some time.

This pattern recognition is a slots strategy I’ve mentioned before, explicitly Winning Strategy 1: Only Win Immediately and my Professor Slots podcast episode #23.

By using this approach, we can take advantage of a common practice found at many casinos, where they provide an initial winning taste.

The first dozen times I visited the high limit slots area at this small, local casino, I found it odd that I would win a jackpot during the first few pushes of the button. But, then, I would spend thousands of dollars without so much as another hit.

I don’t mean I wouldn’t have another taxable jackpot, but that I wouldn’t win anything whatsoever. It just seemed odd. Or, put another way, it was statistically unlikely to be randomly happening so consistently and often, visit after visit after visit.

As an aside, don’t worry too much about all the money I was spending. Unbeknownst to me at the time, each $100 spent these three months earned one more entry for the drawing of a car – which I would end up winning. I tell that story in:

As a second aside, the money I was spending was significant slots winnings from another local casino where I was consistently making quite a profit using Winning Strategy 7, the topic of my next blog article.

2nd Trick: Combining Winning Strategies #1 and #7

Let’s back to the story of what I learned and how I learned it. At the time, I even struck up a conversation with one of the slot operators. In that helpful interview, I asked them when were people winning jackpots and on which machines were they doing it?

This slot attendant helpfully told me about a slots player who had recently gone from one machine to another winning about eight total jackpots in a row in the high limit slots area.

I found this other slots player’s approach very intriguing, to say the least, and have since tried to employ my Winning Strategy 7 alongside playing each machine up to 5 times. By doing so, I’ve found that my annual return for this strategy alone resulted in a 150% profit over my original bankroll.

However, I’d only been using this strategy for four months since this casino opened, and felt I’d need to continue doing it for about a year to be convinced that it wasn’t either temporary or due to having limited data.

Today, I see this as an error on my part, and probably a severe loss of winnings. Winning slots strategies exist, and you can find them yourself – if you can believe your own eyes.

The area most people get stuck on is this: They don’t believe these strategies are possible, and it’s hard to try it yourself they do when you’ve already convinced yourself it’s impossible.

It doesn’t help that most winning strategies are relatively new, and based on the latest casino technologies that started being installed in new casinos since 2012.

Getting down off my usual soapbox, and back on topic, I have found this combination of winning strategies to be the cheapest approach yet to slot machine gambling, while resulting in the highest profit margin.

Using it at my local casino required only $500 per visit and $250 in return on most visits without a taxable jackpot. But then there are the taxable jackpots won, which are more than a few of the typical jackpot winnings on high limit slot machines.

As I’m sure you understand, a single $4,000 taxable jackpot pays for many subsequent visits.

Again, so far, this is all further storytelling about the experiences which resulted in my discovery of Winning Strategy 1 and how to best use it in conjunction with another winning strategy I knew. But, next, I learned a strategy I didn’t already know.

3rd Trick: If a Slot Machine Shows a Win, BET ONCE

By using these known strategies, yet another approach grew out of them. It’s easy, simple, and quite inexpensive. And, it’s completely counter-intuitive to what most slots players will tell you to do. But, because they feel this way is the reason why it works.

Slots players will tell you it is essential to check the machine’s last play. If it shows a winner then, in general, skip that machine. Don’t play it, is the general advice. I say phooey, but with a small caveat I’ll pull from Winning Strategy 1.

My third trick is this: If a slot machine is showing a win, BET ONCE. However, avoid that machine if it’s been played recently.

For this to work, if it is going to work, a slot machine showing a win needs to be idle for a while, and probably hasn’t been idle if its chair is still pulled out. That the chair is even pulled out is a beautiful clue it was used relatively recently.

Why does this work? At some casinos that set up their slot machines to offer an initial taste, the first push of the button of a high limit slot machine will win either a “small” nontaxable jackpot worth several hundred dollars or a more massive taxable jackpot over $1,200.

For example, I happened to be in the casino one Saturday evening, to take care of some tax paperwork having to do with winning a car the night before, and noticed that one of the $100 high limit slot machines was showing a $1,000 win. I didn’t think much of such a small jackpot, as it was not even taxable, but it was something I noticed.

When I went back to the casino the next morning, I noticed that that same machine had the identical winning reel combination showing on it. To me, this indicated that no one had played that machine for just over one day.

At first, I didn’t think much of it. But then, standing there looking at it, I got to thinking about my strategies. And, standing there thinking it through, I learned something.

Previously, my strategy was not to play any slot machine if it showed a win. But, I started to think, what if I was winning at one push of a button on machines that hadn’t been played for some time? Was this perhaps a refinement of a known strategy?

As usual, theory metaphorically in hand, I decided to test it. I walked over to the $100 machine showing the $1,000 win, placed my player’s card along with $100 in the machine, pressed the bet button, and immediately won a $5,000 taxable jackpot.

To date, this is the only time when I’ve won any taxable jackpot on a $100-denomination slot machine. Although, using this strategy at the same casino, shortly later I did win $500 with a single 1-credit bet on another $100 slot machine.

How Long Does a Slot Machine Need to be Idle?

One loose end with using this strategy is the question of how long does a slot machine need to be idle for it to turn into a winning slot machine via this strategy? The honest and straightforward answer is: I don’t know. But, consider my observations.

I’ve found more slot machines are winners with this strategy if I attend the casino on a Saturday morning (especially after a busy Friday night) or mid-afternoon on Sundays.

That’s because these are typically the most extended times when slot machines aren’t played, and being idle for some time matters. But, how long does it need to be inactive, you ask? I’m still piecing together clues about this.

Another clue comes from Eric Rosenthal, from whom I have second-hand information. He knows someone he trusts from within a slots manufacturer who told him that slot machines reset whenever a voucher is printed.

That’s interesting. If true, it means idle means no time at all. So, that information alone may be enough to tell you how long idle is – but I don’t think so.

Why? Because I’ve seen 30 minutes work when an immediate next player did not. Other times, I’ve seen it work after it’s been idle for hours only. Another area of uncertainty is maybe, more like probably, different casinos are set up differently.

But, I have put some effort into trying to figure this out. After some thought, one week later I went back to the casino and took handwritten notes of all the current spin reels showing on all the high limit slot machines at that casino.

Slightly over a day later, I went back to that casino with the intent of executing the usual strategy but brought extra cash with which to push the button once on any high limit slot machine still showing the same reel spin from the previous day.

Unfortunately, that day was a beautiful day in January with moderately high temperatures not seen in months. Somehow, for this reason, the casino and high limit slot machine room were incredibly busy.

I mention this because, when checking the reel spins on each slot machine, I found that ALL slot machines had been played. I then went ahead playing my usual strategy and, to my slight dismay, I didn’t win a single time despite four immediately prior visits where I made 50-60% over the bankroll I’d brought.

What I learned from this confirmation, such as it was, was that it was the wins I had seen when using my unrefined strategy of 5 pulls then stop was occurring on slot machines which had not been played for a while. That is to say, I had been winning on idle slot machines.

So, during busy periods in the high limit slot room which, by the way, isn’t necessarily the same times when the overall casino itself is active, I learned that I shouldn’t use this strategy. Not then, anyway.

All I can say is, where casinos have set up this winning strategy, winning slot machines need to be idle for a while. This bit of information may not seem like much – but it’s something once considered impossible which evidence now suggests isn’t any longer.

And, being the savvy slots enthusiast I know you are, I expect you’ll make the most out of it.

Play High Limit Slot Machines When Appropriate – Carefully!

So, let’s continue to talk about getting the most out of my winning strategies. The whole point of these specific strategies is that they don’t require much money to try out. Not to be too blunt about it, why wouldn’t you try out inexpensive strategies in the high limit slots area?

I suppose I first noticed this myself at Seminole Brighton Casino in Florida in October 2019 and earlier at Foxwoods Casino in Connecticut in April 2018.

Only afterward did I think, while I’m here why don’t I try out the winning strategies I’ve just figured out in the high limit slots area?

Unfortunately, this idea came to me only after I left both places. But, here it is for you. If you have figured out a winning slots strategy that appears to work at a casino, consider trying it in the high limit slots area.

This suggestion is especially valid if the specific slots strategy you’ve found to work outside of the high limit area doesn’t require much bankroll to win. If only a small bankroll is needed, or if you’re willing to risk a larger bankroll if it doesn’t, consider one way to optimize your strategy – by bringing it into the high limit slots area. Carefully, of course.

For those who have read my blog article Seminole Brighton Casino Florida Trip Report, these follow up thoughts for using a working strategy on high limit slots should work quite well there.

However, for those who have read my blog article Easily Win a Little at Slots at Foxwoods Casino Connecticut, I’d caution against this approach there.

As Dr. Mike from the You Can Bet on That podcast very well knows (I was sitting near him at the time), you can win a couple of hundred dollars on a high limit slot machine there within the first few bets.

But, the problem is, you can do the same thing on a low limit slot machines. So, use the winning strategy I described outside of the high limit area to bet less for corresponding winnings. Your profit will be more substantial.

Summary of High Roller Slots Tricks

In review, I’ve pointed out the easy application of two past winning slots strategies, along with a new winning strategy, which would require only a few bets on a high limit slot machine.

From a high level, the three easy high roller slots tricks I’ve outlined are merely pointing out that the winning strategies you worked hard to uncover at the casino you frequent can be leveraged, perhaps even optimized, in the high limit slots area with relatively little risk.

Because, finding that a winning strategy which works is a huge accomplishment, for which you should be proud to have uncovered. But, don’t stop with finding it, even if it was with my help. Your next step is, as always, to work closer to accomplishing your gambling goals.

If your gambling goal is entertainment, as with more slots enthusiasts, then getting a W-2G for having won a taxable jackpot would be exciting. I know my first W-2G was very exciting and, quite honestly, you never really get tired of winning them.

If your gambling goal is earning comps, then you’ll undoubtedly earn players clubs point by making bets on high limit slot machines. But, more importantly, some or all of winnings received in the high limit slots area can be spent on low limit slots.

Finally, is winning take-home money your gambling goal? Well, you’ll earn that money with little cash spent. If, as always, the casino you’re at has been set up by their operator such that one or more of these approaches will work.

Some Basic Facts Related to Probability, the House Edge, Payback Percentage, and Return to Player

Probability is the branch of mathematics that deals with how likely an event is to happen. If you want to measure how likely you are to win a jackpot on a slot machine, probability is the way to figure that out.

But the word also refers directly to that likelihood.

In other words, if I say the probability of getting heads when I flip a coin is 50%, I’m not talking about that branch of mathematics. I’m talking about the actual statistical likelihood of that event.

You should understand a few things about probability in general.

Probability is always a number between 0 and 1. An event with a probability of 0 will never happen, and an event with a probability of 1 will always happen. The closer to 1 the probability is, the more likely the event is to happen.

Probability can be expressed multiple ways. It can be expressed as a fraction, a decimal, a percentage, or as odds. The probability of getting heads on a coin flip can be expressed as 1/2, 0.5, 50%, or 1 to 1.

An event’s probability is the number of ways it can happen divided by the total number of possible outcomes. When you’re discussing a coin toss, you have two possible outcomes. Only one of those is heads. That makes the probability 1/2.

The probability that an event will occur added to the probability that an event won’t occur always equals 1. Therefore, if you know the probability that something will happen, you also automatically know the probability that it won’t happen, and vice versa.

The house edge is a statistical measure of how much the house expects to win (on average, over the long run) from every bet you make on a game. The house edge is a theoretical number that accounts for the probability of winning versus the probability of losing AND the payout if you win.

All casino games carry a house edge. In the short run, it doesn’t matter much, but in the long run, it’s the most important thing.

If I say a game has a house edge of 4%, this means that over time, you should average a loss of $4 for every $100 you bet on the game. This is a long run statistical average, though. In the short run, you’re unlikely to see results that mirror the house edge.

The return to player and the payback percentage are the same thing. Some writers use one to refer to the statistical expectation and the other to refer to the actual results, but most writers use these terms interchangeably.

The payback percentage added to the house edge always equals 100%. The payback percentage is the amount of each bet that you get back, and the house edge is the amount of each bet that the casino wins. Again, these numbers are on average over the long run.

A game with a 4% house edge has a 96% payback percentage.

In the United States, slot machine payback percentages are impossible to calculate and not posted on gambling machines. To calculate the house edge or the payback percentage for a casino game, you need two pieces of data:

The probability of winning
The amount of money you’ll win (the payoff)

Slot machines include their payouts on their pay tables, but they don’t include the probability of achieving any of the winning outcomes.

In some countries, the payback percentage is posted on the machines, but not in the United States.

To make things even worse for a slot machine player, the random number generator program can be set differently even if the slot machine is identical to the one next to it. You could be playing The Big Lebowski slots at Choctaw Casino in Durant, Oklahoma, and your buddy could be playing the identical machine right next to you.

The payback percentage on his machine might be 94%, and the payback percentage on your machine might only be 88%.

The difference comes from how the probabilities are weighted for each symbol. On one game, the bars might show up 1/4 of the time, but on the next, they might only come up 1/8 of the time.

This has an obvious effect on the payback percentage.

The payback percentage would be easy to calculate if you knew the probabilities. The payback percentage is just the total expected value of all the possible outcomes on the machine.

Let’s assume you have 1000 possible reel combinations. Let’s also assume that if you got each of those in order, from 1 to 1000, you’d win 900 coins.

The payback percentage for that game would be 90%.

You’d put 1000 coins in, and you’d have 900 coins left after a statistically perfect sampling of 1000 spins.

If you knew the payback percentage and house edge for a slot machine game, you could predict your theoretical cost of playing that game per hour in the long run. You’d only need to multiply the numbers of bets you made per hour by the size of those bets. Then you’d multiply that by the house edge to get your predicted loss.

Most slots players make 600 spins per hour. Let’s assume you’re playing on a dollar machine and betting three coins on every spin, or $3 per spin. You’re putting $1,800 per hour into action.

If the slot machine had a 90% payback percentage, you’d lose $180 per hour on that machine. You’d have $1,800 at the start of the hour and $1,620 at the end of the hour — assuming you saw statistically predicted results.

In the real world, though, where you’d be seeing short-term results, you’d see some hours where you won and some hours where you lost. If you played long enough, the Law of Large Numbers would ensure that you’d eventually see the statistically predicted results.

This is how the casinos make their money. In the short run, you’ll win some of the time. That will keep you playing.

But in the long run, the math will ensure that the casino will win a net profit.

How You Could Calculate a Payback Percentage Based on Actual Results

25 dollar slot machine odds ncaa college

Of course, you have some data that you can directly observe when you’re playing slot machines.

But tracking this data and calculating the payback percentage on a specific session can add to your enjoyment of any slot machine game. It can make you more mindful because you’ll be paying more attention to what’s happening.

Here’s how to do it.

Start by tracking how many spins you’re making per hour. This is easy to do, but it takes more effort than you might think. It might help to get one of those clicky things people use to count stuff with. You will probably also need a stopwatch of some kind. I just use the timer function on my phone.

Make a note (mental is fine) of how much you’re betting per spin. It helps to bet the same amount.

Also note how much money you started with so that you can calculate how much you’ve won or lost. The slot machine will convert your money into credits. The easiest thing to do is to keep up with how many credits you had at the beginning of the session and again at the end of the session.

Now, let’s do the math using a hypothetical 45-minute session.

I made 300 spins in 45 minutes. I was betting $3 per spin, and I started with $600.

After my playing session, I had $500 left. At times I was up, and at times I was down.

But my net loss was $100. (My starting bankroll was $600, and I finished with $500.)

Over 300 spins, that means I lost an average per spin of 33 cents. $100 in losses divided by 300 spins is 33.33 cents per spin.

How much was I betting per spin?

Since I was playing a $1 machine, and my max bet was three coins, I was risking $3 per spin.

33 cents is 11% of $3, which means my actual loss was 11%. The machine paid back 89% for the session.

Does this mean that the payback percentage for the machine is 89%?

Probably not.

In the scheme of things, 450 spins is a small sample size. To have any confidence in your statistics, you really need to have at least 5,000 spins under your belt.

Even then, depending on how volatile the game is, your actual results might be wildly different from the mathematically expected payback percentage.

Here’s another example that will prove that point.

My friend Leo went to the Winstar last weekend and played the $5 slots. He started with $3,000, and when he left, he had $4,800, which means he had an $1,800 profit for the day.

He played for seven hours.

I’ve watched Leo play. He’s slow, but not much slower than average. He makes about 500 spins per hour.

This means that he made about 3,500 spins.

$1,800 in winnings divided by 3,500 spins is an average win of 51 cents per spin.

Since he was betting $5 per spin, his return was 10.3%.

His actual return for the trip on that slot machine was 110.3%.

I have friends who design slot machines for a living — more than one, in fact. They’ll be happy to tell anyone who asks that the algorithm is never set up to have a payback percentage of more than 100%.

What About the Casinos That Advertise a Specific Payback Percentage?

Some casinos advertise a specific payback percentage. This is almost always stated as an “up to” number.

So you might see an ad for a casino that says, “Payback percentages up to 98%!”

They’re almost certainly telling the truth, too. They probably have one slot machine in their casino that has a payback percentage of 98%. Of course, it isn’t labeled, so you don’t know which one it is.

And in the short run, which is what you’re going to be playing in as an individual gambler, there’s not much difference between a 98% payback percentage and a 92% payback percentage. You could walk away a winner or a loser at either setting.

Also, keep in mind that the games aren’t designed to tighten up after a win and loosen up after a lot of losing spins. That’s not how it works at all.

The machines are designed to allow you to win a certain specific percentage of the time because of the probability. Then there’s an average amount that you’ll win based on the payout for the specific combination of symbols that you hit.

But every spin of the reels on a slot machine is an independent event. You can hit a jackpot on a spin, and your probability of hitting the jackpot on the next spin hasn’t changed at all.

What About the Denominations and Location Reports I See Advertised on the Internet?

You’ll find websites like Strictly Slots and American Casino Guide which post payback percentages for specific denominations and specific casinos. These are AVERAGES.

These averages have little bearing on the machine that you’re sitting in front of.

For example,
you might be looking at a casino that reports an average payback percentage of 94% on its dollar slot machines. That casino might have half their machines paying off at 90% and the other half paying off at 98%.

And you won’t be able to differentiate between the two because the hit ratio might be the same from one of those machines to another.

What Do Hit Ratio and Volatility Have to Do With It?

The hit ratio is the percentage of time that you can expect to hit a winning combination on a slot machine. Something like 30% isn’t unusual, but it can vary 10% or more in either direction. The casinos want you to a hit a winning combination often enough that you won’t lose interest in playing the game.

But hit ratio is only part of the equation. The average size of the prize amounts is also important. Volatility takes this into account. A game that hits less often but has higher average prize amounts might have the same payback percentage as a game that hits more often but with lower payouts.

Either way, in the short run, it will be all but impossible to discover this number, too.

If you wanted to, you could track how many spins resulted in wins for you and calculate the percentage, but you’re facing the same obstacle you are with the overall payback percentage of the machine.

You just don’t know what it’s programmed to accomplish in the long run.

Online Slot Machines

Some online casinos post the payback percentages for their slot machine games. I think this information is of limited use, but I also think it’s fairer to the gambler than not providing them with that information.

After all, table games are transparent. You can calculate the house edge for any casino table game there is because they all use random number generators with known quantities — cards, dice, and wheels.

There’s been a push to label food, both at the grocery store and at restaurants, with nutritional information that includes caloric amounts.

Requiring casinos to provide similar information about their gambling machines only makes sense.

We’ll see if it ever happens, though.