Odds Of Winning On Slots

When you visit a casino, all the action appears to be happening at the tables. But when it comes to ease of play and popularity, slots come out on top. In fact, casinos dedicate roughly 80% of their gaming floor to slots. Only 20% is for table games.

1. Odds Of Winning Jackpot On Slots
2. Best Odds On Slot Machine
3. Odds On Slot Machine
4. Odds Of Winning Slot Machine
5. Odds Of Winning On Slots

The reason? Slots are more popular and account for more revenue than all other gambling sources combined. And for good reason. Playing a slot machine doesn't require any gambling knowledge. On top of that, you can bet as little as $0.01.

Like the Return to Player rate, hit frequency is often used with regards to the odds of winning online slots to indicate how likely it is for a game to have a winning outcome, and it is also represented as a. On any slot machine, winning odds can be maximized with a few simple steps: make a ‘game budget,' and stick to it.Don't deposit more than your budget. If you can afford to lose $100 dollars, then don't.

Suppose you have a slot machine with three reels with ten symbols on each, and it only pays out when three cherries hit. The odds of winning that jackpot, as we determined earlier, is 1/1000. If we set the jackpot as $900, and charge $1 per bet, the payout percentage for that game will be 90%, or $900/$1000. The odds of winning any casino jackpot vary from one game to another, on different coin values for the different bets you place, and in some cases on a slot machine game with the same denomination but.

What slots and table games have in common, however, is the enforcement of a withholding tax. Cs6 download mac. If you're one of the millions who visits Las Vegas annually, you need to remember that your winnings could be subject to a 30% withholding tax by the Internal Revenue Service (IRS).

Fortunately, Refund Management Services (RMS) can help you reclaim a portion or all of your withheld winnings.

Finding the Loosest Slots in Las Vegas

It's not hard to find a slot machine in Nevada. In fact, there are over 490,000 slots and gaming machines in Clark County alone (the county where you find Las Vegas). And they're not just located in casinos. You can find slot machines in the airport, gas stations, and convenience stores.

What is hard, though, is finding slot machines with the best payouts. After all, no one likes to go into a casino and lose $100 on the slots in 30 minutes. The goal is to win, or at least make your money last longer.

Thanks to increased competition in gambling hubs like Las Vegas, Reno, and Atlantic City, casino operators are battling for customers. To keep customers coming back, many casinos are increasing the number of jackpots at their slot machines.

All slot machines work on a payback percentage that the casinos can set. They can make a slot machine tight or loose. Loose slot machines increase the chances of a player hitting a payout. This creates excitement and helps keep players in their seats on the gambling floor.

For slots aficionados, it's all about finding the loose machines. Not surprisingly, casinos do not advertise which machines are loose or the payout percentages of individual machines.

But that doesn't mean you can't do a little digging and find out which kinds of slot machines have the biggest win percentages. It turns out, you need to spend money to make money in Las Vegas.

Best Slots to Play in Las Vegas

Odds Of Winning Jackpot On Slots

Statistics from the Nevada Gaming Control Board show which slots offer the best payouts in the order of the denomination played. In June 2016 in Clark County, Megabucks progressive slots posted the worst win percentage at 85.15%.¹

Audio software for pc. What that means is, for every $100 you spend, you can expect to win $85.15. Megabucks progressive slots generally have the worst win percentage because the huge jackpot outweighs the bad odds.

The best win percentages came from high-roller slots. Slots that accept denominations of $5, $25, and $100 returned 94.05%, 94.97%, and 94.35%, respectively. While you can lose your money faster with high-roller slots, the payout percentages are always better (on all slots regardless of the denomination) if you get the maximum amount on each spin.

The most fruitful games, when it comes to odds and cost, are the nickel and quarter slots. In June, nickel slots had a win percentage of 94.2% while quarter slots paid back 93.06%. Next to Megabucks, penny slots have the worst win percentage, returning 88.83%.

Casinos with the Most Slots in Las Vegas

The Orleans Hotel and Casino

The Orleans is a Mardi Gras-themed casino hotel located a few minutes west of the Strip. The casino floor covers 137,000 square feet and has over 2,600 slot machines. There is also a high-limit slot salon.²

The casino also has over 60 table games and a 35-table poker room. You can also find a seat in the 125-person race and sports book with 13 betting windows.

MGM Grand Las Vegas

The MGM Grand is located at the south end of the Strip. It's easy to spot the MGM Grand casino—it's a massive emerald-coloured complex with a 45-foot bronze lion out front.

The MGM Grand covers over 170,000 square feet and has 3,000 slot machines (with denominations ranging from $0.01 to $1,000. There are also around 200 table games, a 24-hour poker room, and a race and sports book.³

Sam's Town Hotel and Gambling Hall

Sam's is a sprawling casino resort 10 km east of the Strip. The 120,000-square-foot casino is spread out over three floors where you'll find over 3,100 slot machines, 50 table games, an 11-table poker room, a 570-seat bingo room, and a 60-screen race and sports book.⁴

Casino Slot Winnings Subject to 30% Withholding Tax

Non-U.S. residents who win a significant amount of money playing the slots at any casino or gaming facility in the United States are subject to a 30% withholding tax by the IRS.

In the U.S., winnings from casino games and other games of chance (racetrack, game show) are considered income. If you win $2,000 playing the slots, the casino will pay you $1,400. The IRS keeps the rest. But if you live in a country like Canada, which has signed a U.S. tax treaty, you may be eligible for a refund.

There are a number of countries that currently do not have a U.S. tax treaty. However, if you reside in any of the following countries, you could still be eligible for a refund: Australia, Bahrain, Barbados, Brazil, China, India, Indonesia, Israel, Kuwait, Mexico, Malaysia, Monaco, New Zealand, Norway, Saudi Arabia, Singapore, South Korea, Switzerland, Taiwan, Thailand, and the U.A.E.

To see if you meet the criteria and are eligible to get some or all of your withholding tax back, contact RMS.

RMS, the Easiest Way to Get Your 30% Withholding Tax Back

If you've visited the U.S. and had 30% of your casino winnings held back by the IRS, Refund Management Services (RMS) can help you reclaim a portion or all of your taxable winnings.

Founded by a Canadian chartered accountant, RMS is Canada's most reliable and experienced gaming and casino tax refund provider. Over the years, RMS has helped thousands of people around the world recover taxes on their U.S. gaming wins. We've also never been refused an eligible refund.

Only RMS has the One Simple Step^TM process with an easy online form to fill out. After you complete the form, our customer service agents take care of the rest, processing and submitting it to the IRS. It can take a minimum of one year for the IRS to review the claim and for RMS to receive the refund.

Contact RMS today by calling our toll-free number at 1-855-860-2610 or by e-mailing us at [email protected].

Sources:

1. 'June Gaming Revenue Report,' Nevada Gaming Control Board web site; http://gaming.nv.gov/modules/showdocument.aspx?documentid=11262.
2. 'Play,' The Orleans Hotel and Casino web site; http://www.orleanscasino.com/play.
3. 'Casino,' MGM Grand Las Vegas web site; https://www.mgmgrand.com/en/casino.html.
4. 'Play,' Sam's Town Hotel and Gambling Hall web site; http://www.samstownlv.com/play.

• Appendices
• Slots Analysis
• Miscellaneous

Introduction

When it comes to gambling, the easier a game is to understand the worse the odds usually are. This is certainly the case with slot machines. Playing them is as easy as pressing a button. However, between the high house edge and fast rate of play, there is no quicker way to lose your money in a casino.

Before going further, let me make clear that this page addresses the way slot machines work in most parts of the United States and the world. However, some parts of this page do not apply everywhere. For example, I state that slot machines have a memory-less property, where the odds of every spin are the same. In some places, like the UK, some machines in bars, called 'fruit machines,' have a mechanism that guarantees a certain profit over the short run, which causes the game to go through loose and tight cycles. These games do not have the usual independence property of the major slot makers.

How They Work

Whether you're playing a 3-reel single-line game or a 5-reel 25-line game, the outcome of every bet is ultimately determined by random numbers. The game will choose one random number for each reel, map that number onto a position on the reel, stop the reel in the appointed place, and score whatever the outcome is. In other words, the outcome is predestined the moment you press the button; the rest is just for show. There are no hot and cold cycles; your odds are the same for every spin on a given machine.

Slot machines are just about the only game in the casino where the odds are not quantifiable. In other words, the player doesn't know how the game was designed, so it is difficult to look at an actual game to use as an example. So, to help explain how they work, I created the Atkins Diet slot machine (link). It is a simple, five-reel game with a free spin bonus round, much like IGT's Cleopatra game. https://torrentdelivery.medium.com/cannot-see-portable-hard-drive-my-computer-7d9303601c15.

For information on how it works and all the odds, please visit my Atkins Diet par sheet.

For a more complicated example, featuring sticky wilds in the bonus, please try my Vamos a Las Vegas slot machine.

For information on how it works and all the odds, please visit my Vamos a Las Vegas par sheet (PDF).

Odds

The following table shows the casino win for Clark County Nevada (where Las Vegas is) for all slots for calendar year 2012. They define 'slot' as any electronic game, including video poker and video keno. I've found video keno to be about equally as tight as reeled slots, but video poker has a much higher return. So, the return for reeled slots should be higher than these figures.

Clark County Slot Win 2012

Source: Nevada Gaming Control Board, Gaming Revenue Report for December 2012 (PDF, see page 6).

Most players play penny video slots. Based on past research, I find the house edge on those to usually be set from 6% to 15%. In general, the nicer the casino, the tighter the slots.

Advice

Best Odds On Slot Machine

While there is no skill to playing slots, there is some skill in selecting which machine to play and ways you can maximize your return. What follows is my advice, if you must play slots at all.

• Always use a player card. Slots may be a lousy bet, but the casinos treat slot players very well. A $1 slot player will probably get comped better than a $100 blackjack player. Of course, don't play for the reason of getting comps. You'll give them a lot more than they'll give you.
• The simpler the game, the better the odds. The fancy games with big signs and video screens tend to not pay as well as the simple games. However, slot players always tell me the fancy games are more fun.
• The higher the denomination, the better the odds. For that reason, it is better to play one coin per line on a 5-cent game than five coins per line on a 1-cent game.
• Don't forget to cash out and take your ticket when you leave. It is easy to forget after hitting a jackpot.
• Try to play slowly and as little as possible to get your fix.
• In some games there is a skill feature, like Top Dollar. In such games, advice is usually offered, which you should take.

Best Odds On Slot Machine

While there is no skill to playing slots, there is some skill in selecting which machine to play and ways you can maximize your return. What follows is my advice, if you must play slots at all.

• Always use a player card. Slots may be a lousy bet, but the casinos treat slot players very well. A $1 slot player will probably get comped better than a $100 blackjack player. Of course, don't play for the reason of getting comps. You'll give them a lot more than they'll give you.
• The simpler the game, the better the odds. The fancy games with big signs and video screens tend to not pay as well as the simple games. However, slot players always tell me the fancy games are more fun.
• The higher the denomination, the better the odds. For that reason, it is better to play one coin per line on a 5-cent game than five coins per line on a 1-cent game.
• Don't forget to cash out and take your ticket when you leave. It is easy to forget after hitting a jackpot.
• Try to play slowly and as little as possible to get your fix.
• In some games there is a skill feature, like Top Dollar. In such games, advice is usually offered, which you should take.

Myths and Facts

Just about everything that players believe about slots is untrue. Here are the most common myths and facts. As a reminder, this page is based on slot machines commonly found in the United States. Some machines, like 'fruit machines' found in the United Kingdom work differently.

• Myth: Slot machines are programmed to go through a cycle of payoffs. Although the cycle can span thousands of spins, once it reaches the end the outcomes will repeat themselves in exactly the same order as the last cycle.

  Fact: This is not true at all. Every spin is random and independent of all past spins.

• Myth: Slot machines are programmed to pay off a particular percentage of money bet. Thus, after a jackpot is hit the machine will tighten up to get back in balance. On the other hand, when a jackpot has not been hit for a long time it is overdue and more likely to hit.

  Fact: As just mentioned, each spin is independent of all past spins. That means that for a given machine game, the odds are always the same. It makes no difference when the last jackpot was hit or how much the game paid out in the last hour, day, week, or any period of time.

• Myth: Machines pay more if a player card is not used.

  Fact: The mechanism that determines the outcome of each play does not consider whether a card is used or not. The odds are the same with or without one.

• Myth: Using a player card enables the casino to report my winnings to the IRS.

  Fact: That makes no difference. If you win $1,200 or more they will report it either way. If you have a net losing year, which you probably will, at least the casino will have evidence of it. Such annual win/loss statements may be used as evidence to declare offsetting loses to jackpot wins.

• Myth: The slot department can tighten my game with the press of a button remotely. Thus, you better be nice to the staff and tip them well, or they will use a remote control to have the machine take you down in a hurry.

  Fact: There is now some truth to the myth that the odds of a machine can be changed remotely. Such 'server-based slots' are still experimental and in a minority. Even with server-based slots, there are regulations in place to protect the player from the perceived abuses that could accompany them. For example, in Nevada a machine can not be altered remotely unless it has been idle for at least four minutes. Even then, the game will display a notice that it is being serviced during such changes. (source) Meanwhile, for the vast majority of slots, somebody would physically need to open the machine and change a computer chip, known as an EPROM chip, to make any changes.

• Myth: The machines by the doors and heavy traffic flow areas tend to be loose while those hidden in quiet corners tend to be tight.

  Fact: I've studied the relationship between slot placement and return and found no correlation. Every slot director I've asked about this laughs it off as just another player myth.

• Myth: Slots tend to be looser during slow hours on slow days of the week. However, when the casino is busy they tighten them up.

  Fact: Nobody would take the trouble to do this, even if he could. The fact of the matter is the casinos are trying to find a good balance between winning some money while letting the player leave happy. That is best achieved by slots loose enough to give the player a sufficiently long 'time on device,' as they call it in the industry, with a reasonable chance of winning so he will return to the same casino next time. If the slots are too tight, the players will sense it and be unlikely to return.

  The kind of place you're likely to find tight slots are those with a captive audience, like the Las Vegas airport. So, if the slot manager feels that 92% is the right return for a penny game, for example, he is likely to set every penny game all that way, and keep them that way for years.

Play

Odds On Slot Machine

Reviews

• Dazzle Me (NetEnt)
• Mr. Vegas (Betsoft)
• Sparks (NetEnt)

Internal Links

• Appendix 1 shows the details and analysis of almost 4000 actual spins on a Reno slot machine.
• Appendix 2 shows an example of the virtual reels behind a hypothetical slot machine and how the average return is calculated.
• Appendix 3A: 2003 Las Vegas slot machine rankings.
• Appendix 3B: 2002 Jean/Primm slot machine rankings.
• Appendix 3C: 2002 Tunica slot machine rankings.
• Appendix 3D: 2002 Henderson/Lake Mead slot machine rankings.
• Appendix 3E: 2002 Quarter and dollar returns for Las Vegas slots
• Appendix 4 shows how the return is calculated for my Wizard's Fruit Slot Machine.
• Appendix 5 analysis of the 21 Bell Slot Machine.
• Appendix 6 Analysis of Red, White, & Blue Slot Machine.
• Lock and Roll analysis of the skill-based slot machine found in North Carolina.
• Deconstructing Jackpot Party analysis of the video slot machine.
• Deconstructing Lion's Share analysis of the classic MGM progressive game.
• Deconstructing Cleopatra analysis of the popular IGT game.
• Deconstructing Lionfish analysis of the slot game found on many Game Maker machines.
• Deconstructing Megabucks.
• Deconstructing the Atkins Diet slot machine.
• Deconstructing Lucky Larry's Lobstermania.
• Deconstructing Hexbreaker.
• Deconstructing Blazing Sevens.
• Deconstructing Hot Roll.
• Mystery progressives on Ainsworth slots.
• Mystery progressives on WMS slots.
• Baltimore Sun article, in which I am quoted.
• 100% Rebate on Slot Losses Promotions: When to quit playing when all losses are refunded.

External Links

Odds Of Winning Slot Machine

• For a simplified explanation of slots, please see my companion site Wizard of Vegas
• German translation of this page is available at richtigspielen.com
• Another decent overview of how slots work and some practical advice for playing them is How Slot Machines Work at VegasClick.com.
• PAR Sheets, probabilities, and slot machine play: Implications for problem and non-problem gambling by Kevin A. Harrigan and Mike Dixon, University of Waterloo, Waterloo, Ontario, Canada. This is an outstanding academic paper that details how some popular slot machines were designed.
• PAR Sheets, probabilities, and slot machine play: Implications for problem and non-problem gambling - Academic paper based on the par sheets for some modern slot machines

Odds Of Winning On Slots