Slot Machines Odds
By Tom McBroom
It probably more appropriate to call
slot machines entertainment than gambling, as the house always - and we
mean always - has an edge with slot machines.
The average slot machine payout ranges
from an average of 85% to 99% of all coins bet. The lower the denomination
of the machine, the lower the payout. This is because the casino wants
to make a certain amount per hour with its slots. With a one dollar slot
machine, the casino can payback perhaps 98% and make it's hourly goal.
With a lower denomination machine, such as quarters or nickels, the payout
must be much lower to achieve the same hourly pay for the casino.
There are two types of slot machine
payouts: flat rate and progressives. A flat rate machine pays the same
percentage based on only that machine's results. With progressive machines,
many machines are linked together electronically and the jackpot gets progressively
larger the more players that play and the greater the time in between winning
jackpots.
Our advice is to play the flat rate
machines and avoid the progressives. The odds against winning the jackpot
are much higher on progressives. In many cases, your odds of winning the
state lottery are better! Play the non-progressive machines where you at
least have a chance at the jackpot.
SHOULD YOU PLAY MAXIMUM COINS ARE
NOT?
The answer to this question depends
on one thing: is the jackpot bigger proportionally for maximum coins bet?
If it is, play maximum coins. If it isn't, then simply play the minimum
and your money will last longer.
To illustrate, let's assume you want
to play a machine that has a three coin maximum bet. Should you play the
maximum? Look at the payout information. If the jackpot amount for one
coin bet is 1,000, for two coins 2,000 and for three coins 5,000, then
the jackpot is bigger proportionally for three coins and you should bet
the maximum coins. This is because the maximum coins to bet is three times
the minimum but the maximum coin jackpot is five times the amount of the
minimum coin jackpot. This means your jackpot odds are better if you play
the maximum coins.
In this same example, if the three
coin jackpot was 3,000 instead of 5,000, then you should only play one
coin at a time because there is no odds advantage to playing maximum coins.
One disadvantage of playing maximum
coins, even if the jackpot is proportionally larger, is that smaller, less-than-jackpot
payouts are usually not proportionally larger for maximum coins played.
It's only the jackpot that is proportionally larger. For this reason, we
recommend only playing minimum coins on machines that do no have a proportionally
larger jackpot for maximum coins. This way, you money will last longer
and you increase your odds of winning smaller jackpots and maybe coming
away a slight winner.
Good Luck!
Tom is the webmaster at http://www.blackjack-for-everyone.com,
which is a website dedicated to turning beginning Blackjack players into
serious recreational players.
Article Source: http://EzineArticles.com
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